Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1922-08-25
E|WAN|ANS DISCUSS
BUILDING CAMPAIGN
Committee Instructed to Work Out
plan to Assist in Financing the
Building of Houses

The meeting of the Kiwanis club
last Monday, at which Dr.. F. F. Nal
der presided was devoted to dis
cussion of the proposed house build
ing campaign in Pullman. J. o.
Patterson, chairman of the commit
tee appointed at the previous meet
ing to investigate the matter, re-
norted that the committee had re-
ceiyed a proposition from citizen
who desires to build a house to be
rented, that he would erect a $500
house on a $500 lot which he owns.
nroyided the club would advance
$1,000 on which he would guarantee
TO pay eight per cent interest for
term of six years and then repay the
principal.
other members of the committee
reported on different phases of the
problem which had been referred to
them for Investigation. George Can
non stated that he had interviewed
Il representative home owners, all
but one of whom had had experience
in renting houses in different sec
tions of the city All of them agreed
that building houses for rent is a
doubtful investment. and one OF
them asserted that he would not
back any kind Of a house buildinN
campaign. as the problem would
solve itself Eight of them believed
that houses could be built to rent at
profit, if all conditions were favor
able, such as cost of material and
labor, attractive plans and good To-
cations. Six of them considered the
renting of houses a financial failure,
from their own experiences.
Twelve of the men interviewed
said that they would heartily support
any movement to raise the necessary
capital to build houses, when pur-
Chasers had been found for them in
advance. They considered it a safe
investment. Two said that, while
they would not care to invest their
own money in such an undertaking,
they believed that it could be put
over One man was opposed to the
whole idea.
Mr.. GannOn's conclusions, based
upon these interviews, were that
capital can be secured to finance the
building of houses. when purchasers
have been found in advance. proyid-
ed the organization is headed by ca
pable and trustworthy men. and
houses of five or six rooms and COM
paratiyely low priced are construct
ed in good locations.
+, E. Sanger reported that he had
found that good building lots were
available on Methodist hill at from
S@oo to $500; on Sunnyside hill at
around $3.50; in College Park at
rom $500 to $500; in Sanger's ad-
altlon at around $500 and on Nc
uee flats at still lower prices.
robert Jenner reported that the
iuea OF the committee was that it is
Important to get the building cam
palsh started at once in any way
poSSlole. If one house could be
erected and accurate account kept
" the building costs, it would serve
as model by which others could
figure.
r. NJ Slagle made brief report
VI Ine cost of building houses and IA
.''e'y discussion followed. J. n. EN-
e'Son asserted that his experience as
=" OFFICER of the Pullman Savings
\, Loan Assn. and as trustee for the
+0sS properties had convinced him
,na' wa, building houses for rent is a
,oS'ns game. Any plan for financ-
Ing the building of houses must he
10eu upon business principles rath-
cess. ''''' 10 'e ' sue
o r b. Sanger argued that his ex-
rs'Ience had shown that houses
tS Sulo De built to rent at a profit. if
~ 4s. We're Of the right type and built
ana e Iisht price. Some decided
nro ,~ conflicting opinions were ex-
tbeo ooSeu by several members and
w,,n tp the committee was continued
nita instructions to work out a defi-
pan for submission to the club.
ANDERS STORE FORCE
|N1olS DELIGHTFUL PICNIC