New-York tribune., 1922-03-19

sued, Where they have gone on the
rocks, II has been over corrupt COR
ditions in The building trades ard over
wage questions.
Among other things developed by
these conferences was the tota, ab-
seaco OF any adequate comparative
Price data respecting building mate
rails IN various locations. This mat
ter has been gradually developed in the
Department Of Commerce and the
spread Of these comparative prices 80
the local conferences has resulted III
many reductions"
From This statement made By Secre-
tary Hoover, it may be taken that the
/ government considers that prices re-
ductions over the last year have been
due, n certain measure, at least, tc
Che endeavors OF the recently created
division Of housing and construction
in the Department Of Commerce.
With respect TO the period from just
after the war until the winter Of 1921
/ 1922, O. thereabouts. during which time
there wns practically . suspension o.
small house construction, Secretary
Hoover said:
"Ihe blockade wan due to the h;al.
levels q materials, wages, railway
rates and shortage o. home building
capital. Prices and wages are slowly
reducing, efficiency OF labor is H.
crcasing and the volume Of building ia
gaining"
But the problem Of obtaining ,nor4-
Gags money with which to finance home
building is one that, evidently. per.
pleXes the government as much as it
does you nae ne, who want to build our
own homes. THIS problera mas dis
'i0ctir n"tio"Rl character,H according
to Secretary Hoover.
We nave mooiIized the commercial
capital Of the country through the
feqeTa4 Aeserge Banks. We have
modified the farm inortgag, caUital
through The Farm Lean Bureau. Tfo
country badly needs mobilization Of
0ue nome building capital based uDon
our bul.dlng and loan associations. in
sarance companies sMd savings banlys.
e nave sound foundation uucn
T;a'cA TO build some sort Of structure
.nSs !i would cheaper home building cap
otti' give II more mobility to al re-
eio"s and afford greater security"
Sucn remedy would have 20 come
through Congress, unquestionabI, Bui
secretary Hoover has advocated i 70
Fresident Harding. Sc, If finding the
mortgage money is ono o. your 0roi,
iems, gentle reader, you may ret IL
WIN the aid OF tAs government vet. #
not OTHERWISE With relation to tbe
amount OF home-building money which
aeii1ht be made available immediately
SECRETARY Hoover says:
Ihe chief reliance in credit fo,
rome building must be anon our say
ings insfitutlons. II we examine these
institutions We viii find thas The total
sum OF money avail able of This tvpq
cltner N mutual savings banks. hi1il6
ing ana foam associations or in saviDgg
cepar' ments Of national or state banks
ara rust companies, CT in tne assets
OF cur Insurance. comusnies. will ali
agglega:s somewhere about SO .o0Q,-
Do0.0UO;" This estimate was made on
Tne opin'on that these organizations
~ " il n~t i""o fo- a-b,1i1dino-
purposes mere than IL per cent of
t"- 1 eposits or savings assets.
Government Aim Is TO Help
It the 'net convention Of the Ameri
can Institute Of Architects Secret arv
= eAFlalncd the Governments
aesi4t'"'~ 10 increase con-
s'ruct'on and simultaneously decrease
'~"e 'iready great
thinfs II r! have be- been assonglshed:
business" he sAid. at is 4 program
or service int can be rendered nv CO.
operation with tho industry TIE end
We seek is the end OF 81 rovernmeat. 4
ana that IS to inprovc the daily living
o. all Of our people"
That Herbert Hoover believes in /
home owncrship. both from an econ /
omic standpoint and for the better I
ment of each individual American a.
q citizen, really goes without saying. /
Az strong & statement as ever has been
made in few words as to why you and /
J should own our own homes, Secretary
Hoover 1t responsible for. and It cer-
tainly has its part in this article.
''W hat greater incentive for saving
ana thrift is there than the ownership
Of horne, tia possession Of which
may change the very physical mental
and mora fiber OF ones own children %,
Now, with that final urge from my
feyorite Cabinet officer, | believe he
r as answered, TO the best Of the ability
of any man, the questions which all
who are considering building or buying
home Just nov must ponder over.
Whether prices viii soon go down
he scsie be more more is a question
10 man may answer. Certainly, in the
lone building field, they are consid-
'rably lower than year ago, and II
'ou have the money or can get it with
uC real sacrifice so as 10 build or buv
house now, keep in mind that nine
imes out Of ten it is better to own
our home than keep piling up g bundle
2 rent receipts.