The New York herald., 1922-04-11

duce the rental value OF all apartments
that are now yielding less than 500 per
month.
I'm making the figures of net return
we have not taken into account the gen.
erous contribution to this venture that
organized labor has agreed to make in
the form of seven hours work per week
without pay. THIS Is to be In the form
of an additional half hour each day for
Ave days a week and three and one-hali
hours on Saturday afternoon. This is
equivalent at the present rate of wages
to ss40 per week for each journeyman
and from SIS to $6 per week for each
helper or laborer, and amounts to an
average reduction Of about 18 per cent.
In labor cost. Means will doubtless be
found of securing equally advantageous
reductions In material costs.
I'm return for this contribution by
labor the men who work on the build
inss will have a prior right to rent the
apartments for term of years IL they
so desire"
Former Judge Woodward of the APP
pellate Division said the BILL using as
sessed valuation in determining rent
was unconstitutional and that II would
permit landlords to sue every tenant In
New York once a year. Edward p.
Dolke of the Real Estate Board and
other speakers described the series of
bills as measures to promote litigation
between tenant and landlord.
On the insurance rate making bill
Mr.. Untermyer said that the proposal
had been revised so often that when II
finally came out he didn't know what
was in 1t. While it did not have his
unconditional approval he thought il
might have more good than evil and
that at least 1t might be start in
regulating the insurance companies
which he criticised severely. The meas
ure will put the premium on monopoly
and force brokers into rate making
bodies. He saids that some OF the
changes made at the last hour were
disturbing. adding every time ! woke
onto the bill"
Denies Last Hour Juggling.
the record that there was no last hour
juggling done in, the Assembly with this
BILL" Assemblyman McWhnney said
Everything that went into the bill
came from the chairman"
David Rumsey. counsel for the Ma
tional Board Of Fire Underwriters, op-
posed the measure. and asked that the
whole matter be put over until the next
session. Of the Legislature. The nom
board insurance agents and several in
surance exchanges and organizations all
opposed the measure as being too
severe. The Superintendent OF Insur-
ance said 1t was the best measure that
had ever been worked out and that the
companies had nothing to fear.
The fire underwriters and brokers
have been promising right along that
they would give their help and CO.
operation. but they have never done It
and / know that we had their under
ground opposition all through the ses-
sion when we were trying to pass this
BILL" Senator Lockwood charged. They
say to wait another year, but IL you
wait until you get any help from them
you will wait 40 years"
Members of the Lockwood commit
tee learned with surprise this afternoon
that without giving any reason Mayor
Hylan had vetoed the, bill amending
the New York Municipal Court code to
provide for the return OF jury fees In
certain tenant cases. That kills the
bill, which was up for hearing before
the Governor to-day.
Mr.. Untermyer said few hundred
thousand persons will be anxious to
hear the Mayors excuse for his action.