The Washington herald., 1921-05-05
WOULD MAKE
D. c. WORLDS
!. BEAUTY SPOT
FOcht Promises Liberal
Fund to Improve Ma
tion's Capital.
URGES LIBERAL
SCHOOL POLICY
Makes Address at Meet
ing of Real Estate
Dealers.

with me, the sky is the limit to
make Washington the greatest city
In the world. and I would spend
$500. .00o. 900 to make 1t surpass the
olden cities of the Nile. the famous
metroiopes of Egypt and India and
rival ancient Nineveh."
This was the promise made last
night by Benjamin K. Focht, of
Pennsylvania, chairman of the Dis
trict Committee. when addressing
the members of the Washington
Real Estate Board at banquet
rendered by the board to President
National Association Of Real Estate
Boards at wardmann Park Inn.
Funds for scsooIs.
Pennsylvania will spend money.
and natives of that State in num-
bers would be glad to live in Wash
ington were they able to obtain
quarters" said Focht. Just yes
terday the State legislature of
Pennsylvania. passed bill au-
thorizing an expenditure of $36.000.-
900 for the school appropriations.
This will enable every child to at
tend q public school, have a seat to
himself, be given proper texts and
have a real teacher to direct. Why
cannot Washington do the same
With me, the sky is the limit It Is
likened. in my mind, to a story told
by a 'rube' who visited New York
q nd p al h.
place when they get IL finished"
Washington" continued the Rep
resentatiye, "can be made the great
est city of the world. II the people
are willing to stand back of the
should be with no rival, then you
must prepare a schedule for a COM
plete job-be ready to do business.
Provide the places for the people
who will spend money. and that IS
suficient. They will live nero.
Foresees Prosperity. s.
Representative Focht was. opti-
mfstfc~ over 'tne- NEUTRALITY-SUSPICIOUS..
He declared that the business men
here were the only ones of the ma
tion who were sure of permanent
success, since without a capital city
there would be no nation.
81 would be glad to see wash
ington's realtors get the work and
make money, for i know you would
lot be tight with it," he concluded.
President Taylor, who. with his
staff of officers, is making tour
of the rincipal cities preparatory to
the annual convention of the real
tors to be held in Chicago in July,
condemned the discrimination which
he alleged forced American proprie-
tors of real estate to pay more taxes
than, those of any other nation In
the world.
Discusses Taxes.
"The most perplexing problem of
today Is the taxation matter now
before Congress-" declared Taylor
"Income and excess profit taxes, de-
yised hastily to meet the heavy eN-
penditure occasioned by the war
have seriously retarded the business
life of the nation.
with the abolishment of these
discriminate taxes, which prevent
investors from placing their money
in real property. the capital which
formerly was used for real estate
but now diverted into other uses
will return to the original employ
mcnt channels, and the law OF sup
ply and demand will care for the
housing situation.
The people" said President Tay-
lor, desire to build homes. but
there is no money to be invested.
firmly believe and have solid taltn
in the fexibiIity and courage Of the
government and know that the oes'
course will be pursued.
Taxation on Land.
TN early history land was heav-
lily taxed, for there was no other al
ternative than to secure revenues
from the land. Now there is re-
ported, a need of 100000 homes
while there are 100000 farms lying
idle. The realtor must encourage
real estate educational courses In
Universities, colleges and schools,
and teach the fine standards under
which the real estate man is gov
erned."
Taylor advocated urgent work on
this movement, with the ultimate
CONTINUED ON PAGE THREE