New-York tribune., 1922-01-23
Insurance Concerns Asked
for 500. 100000 TO
Build 500 w a!l>-I p>'
to Rent at So ii Room
Labor vii! Give
Da> : " ork 4 Week
Metropolitan to Invest az
Soon a- Legislative
Sanction l. Obtained

:saue Jrternler, chicf counsel TO
~ Lockwood ee slstto housing com
u;..ee, propose plan Yesterday
rhsrein ne says Les ;he only hope Of
solving the housing situation.
The proposition calls for the ex
psnditure Of sl0oooo.oo0 by the Metro
no..tan Lite and other insurance com
aanies for the land and material neces-
.sry for the eens truction of 1900 so-
oiled walk--r apartment houses. to ac-
, mmodsf ss.oeo families. or about
a2laoo nersor- Ils c.t,matod TO
Re one-Aalf the aanber of persons re-
o1rlag alcqHste livns quarters in
ri. city
The ho-aea sre to be within fifteen
thirty Hinatos' ride rom the Grand
f.atral criminal. are to contain thirty
'ur-room apartments each. and arc to
'rt for about S room.
Insurance Mon Get Plan
officers OF the Metropolitan Iafc In
nance COMPANY. before whom the
sstte mas been LAID by Nr. Inter.
-y'r ale considering the proposition
ID aiready have expressed willing
tss t. cooperate in having the plan
''rried Ont;
lo Nake the project possible. Mr..
alsrmyer POINTS out. the workers and
-aisiia- dealers would have to make
'acesslo 20 the matter Of wages and
IRE or s3nples. Also the Legisla
'4fe would have to ador, an amend
nent 10 the insurance law permitting
20 insurance companies 10 invest 10
' cent their earnings for the
'"o .tf IN the construction Of
rentn- tenement houses.
The workers already have come for
sfl, said Nr. Untermycr, with an
sser 10 &C, ributc ono dav in cverv
N in order 90 keep down the wage
'sm. The Metropolitan Life has in
eated is desire to go ahead if
ire Lessla ture sanctions the proposed
i'ndmeHt and 1t can obtain d return
per cent on It's investment. Nh
'termyer says he is now negotiating
lA the material dealers and manu-
'seturers, and II thev agree tc make
special price for this particular VEN
'gre the p'1H vii 90 forward 20 com
pslion.
Ready FOR Experiment
i's coanse added that the PROPOSE
nas reached The stage where archi-
'fc's, builders and others arc pre-
asHg hguv Of cost on an expert
sgnal block of these houses.
Nr JntemYor unfolded his plan
y sn addre- before the Forum Of the
fia' Synasogr, Of Washington Heights
a' lo3d Street and st. Nicholas Ave
.e he scored the present city adj
'a'stiation as being mainly respon-
ME tor the housing crisis. with IN
'''on Of tie cderal government as
contributing factor.
he said tha. he mbina.lons and
trey enen'e. Of the committee had
powerful lohhies at Albany in an cf-
.eli 20 prevent ihe extension of the
A9eAweod comm tees life and thus
al II short With barely half its work
done. He said that the committee had
more than paid its cost in the collec-
'on OF S5oO-000 in mes from offending
comenations- ard that probably ST.,
VQ.'0VV 10 s2.00f ne0 moro could be
corrected It the committee is continued.
COMMITTEE Stands on Record
fe Indicated he would mako no
ec.al effort TO have the Legislature
'Ainue the Investigations "'The
seord of the committee he said.
nst speak for itself against the com
ned aganda and stupendous lob
lies Of tne vast selfish interests that
re bent upon its Instruction.
Inc committee would adjourn soon,
sad, TO enable him to prepare an
Intermediate report and d partial pro
ran Of the iegi -latiou It is proposed
% Fe'ommen4 70 the legislature. There
vas still, however, much evidence to
M. Untcrmyer told his audience,
ne lace no. only an emergency, but
ersis that strikes at the very founda-
..oAs Of the health and prosperity of
.rs people, and which unless arrested
s'a Corrected threatena to reach the
nnsnsions of cataclysr.'
ne po'ntsd oat tnat there were 10
lsr roo or $40 per month apart
.s ','ss aelng built, and there were fewer
'-''s's pr4cel and cheap apartments
C0nf!nrnE on name slSternS