davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-08-26

Serious Spectator Tewng
LOCAL STOCKS

FURNISHED by w Hibba a. COL
SALES
washington Railway g. Electric
As, $1,000 a 8912.
Capital Traction Co., 10 @ 81;
10 a. 81; 48 % 81; / o. 81; 10
0 61N.
The Washington times., 1930-08-26
A Bullish Note

The financial community gen.
orally seems to have overlooked
the fact that the backlog of
United States Steel at the end
of last month was cnly little be-
low the same period last year,
yet steel's operating rate now
is only about 81 per cent Of
capacity, against over 80 per
cent then.
This is very significant. Steel
could easily step UP operations
to 10 and even IS per cent of
capacity without abandoning its
ultra-conservative policy. Well
informed interests expect this
action very soon., Steel obviously
has been a different stock this
past week than in a long time.
It has shown lot of fight on
the tape and has been the spear
head Of every advance. I con-
slider steel one of the best buys
on the list on any further weak
ness. '..
Insiders and rich investors have
been picking up American Radia-
tor for some time, I am told.
The stock has moved in mar
row range since its break in
June. Earnings for the first six
months we're, poor, but the divi-
dend will very likely be paid.
The company is in a strong
financial position and will bene-
fit from any upswing in the
building industry.
The Washington times., 1930-08-26
AFTER CALL

Potomac Electric IS, SO, $1,000
q 108b.
Potomac Electric cons IS, $1,000
@ 10212.
Washington Railway & Electric
is, $1,000 o. 89Ia.
Washington Gas 6s "a" $1,000
@ 1929.
Capital Traction Co.. 10 q
61R.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
StPsittacOsis'' Idea
Fails to Chicago
Man of Pest Parrot
Wife Agrees With Doctor
Who Gave Bird Clean
Bill of Health.
BY the Associated Press.

CHICAGO, January Icy this time
almost every one knows about psittaA
COSTS including Ben Plonsky.
Come" telephoned Plonsky to DR..
william Tyler Of the health department,
"and get my parrot He is a pSittacos-
tic menace to the community"
DR.. Tyler was surprised, because Chi
cago parrots have demonstrated n state
OF health best descrihable as grand. The
Chamber of Commerce suggests that
the glorious Chicago climate is practi-
cally psittacosis-pfoof.
Be that as 1t may, DR.. Tyler gave the
Plonsky parrot a thorough physical ex-
animation. He found the parrots pulse
normal, lungs uncongested and tongue
uncoated. He duly reported same to
Plonsky and Mrs, Plonsky.
"Of course, the parrots healthy" said
Mrs. Plonsky, and I certainly would
object strenuously to any effort to re-
move him."
Plonsky followed DR.. Tyler to the
door
"I am sure the parrot is one of those
psittacosis kind" he whispered. IF he
isn't, he should be. He's pest. II you
only could have found some excuse to
take him away.
Anyway" sighed Plonsky, that psit-
tacosis was a swell idea"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
AUTOPSY ORDERED
| IN WOMAN'S DEATH
Body of Brokers Wife Was
Found in Pent House Apart
| ment of Director.

BY the Associated Press.
NEW YORK, January 16.-Although
police listed the Geatir-as due to natural
causes. the medical examiners Office
ordered an autopsy performed today
upon the body Of Mrs. Harriet Adler,
estranged wife of bond broker, found
dead in the pent house apartment OF
"a motion picture director.
DR.. Harry Weinberg, assistant medi-
cal examiner, said that heart attack
was the apparent cause of death, but
that fnientatfons on the throat, made
by string of pearls, and a slight dis
coloration of the face limited strongly
enough to sstrangulation to warrant an
autopsy.
Mrs. Adler. who was IS years old
and the wife of Hamilton Adler, head
of brokerage firm bearing his name,
was found, dead in. the apartment OF
Dudly Murphy$ on the roof OF an East
Forty-first street Office building.
Murphy told police that Mrs. Adler
came to his apartment early yesterday
morning. He, said he and John NJ.
Barbour, friend. left her sitting in the
living room when they retired. When
he awoke. Murphy said, he found Mrs.
Adler lying face Gown across corner
of couch. He tried to arouse her and
discovered she was dead. Police abb
solved Murphy and Barbour Of all
blame in her death.
Mrs. Adler WAS formerly Harriet
Mowry her family was listed in the
social register. Mr.. Adler, who has been
separated from his wife for some time,
left December % for Honolulu. The
couple had one small son, Hamilton,
jr.. who lived with his mother.
Dr. Weinberg said that the woman
evidently had been drinking heavily.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Grandmother Turns Artist.

NEW YORK, January 16 P).-Mrs.
Herbert C. PeN believes that If grand
mothers were busy with their own
careers they would be sought out by
their children instead Of being dreaded
or patronized. And so at the age of
43 she is starting a careeryas a profess
sional artist. having done little paint
ing while bringing up her children. The
proceeds of her work are going into a
sentimental fund for her grandchil-
dren. She will use her maiden name.
Olive Bigelow. She Is a granddaughter
Of John Bigelow diplomat and editor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Candlesticks, 81
Were SI.9S

" 49,
10 Pairs Brass Candlesticks
reduced.
Is Brass Ash Trays. Were
Sl.25. Now .S5c
: Brass and Glass Relish
Dishes. Were $3.50. Now 81
II Billfold and Lighter Sets.
Were IS. Now. $3.50
IL Brushes in leather cases.
Were 81. Now .s5c
8 Bottle Openers in leather
cases. Were 81. Now. 75c
10 Fruit Knifes in leather
eases. Were 81. Now. 75c
: Leather Diaries. Were
S2.95. Now .S1.95
: Children's Han d b ags.
Were 81. Now :. .25e
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Infants and
Juveniles Wear
Greatly Reduced

Greatly Reduced
Y Sweater Sets. Were s5.s5.
row .............. S1.B5
15O Creepers. Suits and
Dresses, sizes ! to 8. Were
81 and $50. Now. -. soc
20 Pairs rajamas. Were 81.
Now .............. soc
SO Pairs Infants Hose. Were
zoe and 35c.- Now. .15c
so Pieces Infants Furnish
ingS. Were Csc and soc.
Now Ok
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
NOGALES ENTERTAlNS
ORTIZ RUBI0 TODAY
Presidential Special Is on Way to
Mexico City ON Last Leg
of Tour of q. S. =

BY The ASS0clAttu PTtSS'
PHOENIX. Ariz., January 16.-Pas-
clal Ortiz Rubio, President elect oi
Mexico, today was en- route to Mexico
City on the last leg of a tour of the
United States, which began shortly
after his election, in November.
The party left Grand Canyon, ARR.
last night and three hours later the
presidential special car was transferred
to a southbound train at Williams
Ariz., for the trip through Ashfork
Prescott, Phoenix, Tucson, Nogales and
thence across tn international bound
airy line into Mexico. From Nogafes
Sonora. the party will travel to Guada-
laiara and to the NATIONAL capital.
Elaborate plans were made for vel
coming the party when it arrives IN
Nogales, Ariz., this afternoon.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16

the time had come to ask IL the hunt
for social prestige had not drawn hum
dreds into college who would have done
better had they never been there.
Colleges" he said, should honestly
admit that they are obliged to recon-
ceive their recruiting problem and begin
to be responsible for their failures as
well as for their achievements. When
we come together we should not only
think OF the men the university has
turned out who have become success
ful, but also OF those who have not met
with success"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Ford Plane Is Released.

DESSAU, Germany, January 16 (49.-
Word was received Tuesday from
Seville that the Spanish courts had re-
leased, under bond of 10000 pesetas
(about $l5,00O), the airplane manufac-
tured by the Ford interests of Detroit,
which was seized about month ago
under injunction proceedings brought
by the Junkers Co.
At the Junkers works here yesterday
it was said the civil suit for alleged
infringement of Junkers patents would
be pressed in the Spanish courts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Girdles, $3.50
Were S2.95, $3.50

IL Swami Girdles with glove
siIk psntics attached. Sizes
~ to 80.
3 Gird'eS, step-in and side
fastening. Sizes 81, 90 ami
80. Were So. Now. .S1.50
7 Garter BraSsietes, SOIL
ED. Sizes "a. 80. 40 and
az. Were $2.95 and $3.50.
Now .S1.50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
FLARE REEVES HOPE
FOR AIR MAIL FLYER
Planes Ready to Begin New Search
for Pilot Missing in
Nevada.

BY the Associated Press.
SALT LAKE CITY, January 49,
Waning hope for Maurice Graham,
Western Air Express pilot, missing since
Saturday, flickered anew yesterday
following report Of train engineer that
he had sighted a fare on a hill north
east OF Caiiente, New. in the heart of
the treacherous territory where Graham
was believed to have been forced down.
With storm conditions improving, six
planes were ready to begin another
search.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
FARM LOAN HEAD NAMED.
County Treasurer Huddleson Given
| Fairfax County Honor. =

FAIRFAX, Va, January 16 (SpeciaD
County Treasurer F. w. Huddleson
was Tuesday elected president of the
Fairfax Federal Farm Loan Association,
with C. Q. Schaub as vice president.
John w. Rust was reelected secretary
treasurer and counsel.
Directors elected include ]. w. Pobst,
Franklin williams, w. M. McNair. C. o.
Schaub w. B. Doak, F. w. Huddleson.
John w. Kern, Edwin E. Neff and H.
3. Derr. The loan committee for the
year will include C. o. Schaub, j. w.
Pobst and j. w. Kern, with H. B.
Derr and W. M. McNair as alternates,
A special committee, F. w. Huddleson
]. w. Rust and w. B. Doak, was APP
pointed to appear before the banking
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Girls Wear.

Greatly Reduced
20 Girls Sports Skirts. Were
$l.9S ana $2.95. Nav. .s1.45
10 Sports Jackets, plaid
lined suede CLOTH Were
S5.95. Now ,..........S 2.g5
IL Girls Middies ana Bloom
ers. Were 81 and $3.50.
tSVW ..'' .,.......... sue
3 Girls Sweaters. Were
$1.95 and $2.95. Now. Csc
5 Silk Dance Sets. Were
Sl.95. Now csc
3 Play Suits. Were sl.95.
NOW .ss ........ :. :. =. 91c
rs Pairs Boomers, fayon-
aud-cotton. Were 58c and
CSC. Now ......:.I... .3Bc
THE DOWN STAIRS STORE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
"Romilla" Hose, 81
Were $I.;35

Were $I.35
500 Pairs Chiffon and Serv-
ice weight Silk Hose. sizes
81. to 101a.
$50 Pairs Gordon SILK Hose,
service and chiffon weight.
IRREGULARS Of higher
grades 81
725 Pairs Chiffon Hose. Were
$1.95. Now ...........$1.35
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Women's Hand
kerchiefs, z for Csc
We're 2Sc each

Were 2Sc each
SO Women's Linen Hand
kerchiefs.
56 Boys Colored Cord Linen
Handkerchiefs, initiated.
Were 35c. Now. q fOr.2Jc
; Handkerchief Cases. Were
81. Now .............5O soc
4 Handkerchief Cases. Were
DUO. Now. ...... .25c
IL Sachets. Were soc. Now CSC
- Sachcts. Were 81. Now 75c
q Sachet Dolls. Were 81.
NOW .....~..s.. 80. SOC
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Smugglers Use Cable.

BUFFALO, N. Y, January Is GP).-
Liquor is coming from Canada like
Blondin, the customs border patrol has
learned that smugglers are using a cable
over the Niagara River. It shuttles a
basket that can hold four cases.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16

and currency committee Of the National
Congress to ask for an enlargement and
modification OF the farm loan act to
allow of lower rate Of interest on farm
loans,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
: Communists Arrested.

BUCHAREST, Rumania, January IS
(P-Several Communist demonstrations
, with large number of arrests were re-
ported Tuesday throughout the coun-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
OUTGOING STEAMERS.
SAILING TODAY.


Caledonis-West Indies cruise.
ACKNOWLEDGEMENTS and Southampton.
President Filimore-Worm cruise
Muencnen-Co6n, CneToourg and Bremen
coamoNsan Juan and santo Domingo City.
Western ocean-st. Thomas, Barbados and
Santa MaTia-cristobal, Callao and VAL
Scnenecta dy-Helsingfors
Queen Eieanor-b uenos Aires.
Tigre-Buenos Aires.
Dorothy LVcNenDacn- Pacific Coast.
SAILING TOMORROW.
lie de FTance-Plymouth and Havre
Northern Pr.nce-Rlo de ,Jfneiro Santos,
Monteyideo and Buenos Aires.
Munergo-NasSsu.
CalearIc--West Indies cruise.
Northumberland Colombia.
Army 4ransporC-St. Mlnle4' Cristopal ana
SUD Fsciheo-Montevideo ana Buenos Aires.
AnElia-Santos
Calypso--Macaraiho.
hyEla-Nassau.
SAILING SATURDAY, JANUARY 10.
Lsneastria-cobh and Liverpool.
canla-Plymouth. HavTe and London.
R Re -RehisX and St. Johns
Clsyeland-Cherboure, Southampton ana
: voilaire~sarbado Rio de Janeiro, san
los Monteyloeo ana Buenos aires
stavanet ri jofd-oslo.
Orizabo-Hayana.
, Havana-hAisna, Pr0EfeSO ana vera OTuL
drlatic-Mediterranean cruise.
, Calsmares-Hayana, Cristobal and Port
!, TiIiVes" Santiago, KINGSTON and Puerto
American Farmer-LondOn.
| coion-vigSo' and Coruna.
Edenton-ConstanZa -
: Gaasterdik- Rotterdam.
{. s!eythis.Es sqeensv9wn and Liverpool
Aztec-Porto Cortez.
J Celba-Lacetba.
Hans Leonhardt -santo Domingo.
e! Psnsman--Pacihc Coast.
I TauSate-Santos.
I SAILING MONDAY. JANUARY 40.
A. Jefferson-Norfolk.
SAILING TUESDAY. JANUARY 81.
/ Columhus-World cruise.
, Ancon-Port.a u-Prinee and Cristobal.
4 AraguayA--West Indies crpise.
! SAILING WEDNESDAY, JANUARY az.
3 Caronia-Havana.
/ Conte Biancamano = ulbraitar, Algiers,
Naples. Vilefranche ana Genoa.
President Hardins-Plymouth, Cherbours
Tachirs--ssn Juan. La ouayra, Puerto Ca
Bolivar~Puerto Colombia,
Santa Marta-Kingston, Cristobal, Carte
Virginia-Kingston.
VulcaniaLWest Indies cruise.
SAILING THURSDAY. JANUARY 20.
: San .Lorenzo-san Juan and santo Domingo
p; III seIvador-Puerto Colombia. Carteeena,
n Cristobal. Corinto and San Francisco.
3 American TTadef-Lurdon. -. tt ~
| Observation-Disclosures cruise.
laaneisic a4ss... Thomas, .sSaEhados ana TRIM
FrSfs"'ec west Indies cruise.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Costume Slips
$1.25 Were $I.95

ITO Slips Of fayon crepe,
knitted rayon and rayon
satin. Navy, black, green,
flesh. peach and tan. Sizes
in lot SO to A..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
CALLS MARITIME FARLEY.
League Decides on Conference for
Uniform Lighting of Coasts.~

Uniform Lighting of Coasts
GENEVA, January Is LP).-The Coun-
Gil of the League of Nations yesterday
decided TO call a conference Of maritime
countries TO consider measures for the
unif1cation OF baoyage and lighting of
coasts. The meeting will be held at
Lisbon on October 6.
The Council also appointed a COM
mittee to. draft amendments to, the
League covenant in order to harmonic
it with the. Kellogg pact.
The committee was instructed to sub
NIT report TO the next assembly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Lambskin Gloves
S1.05 Were $2.45

81 pairs Saddle-sewn I'M
ported Gloves. in one-button
style. In mode only.
IL Pairs Slip-on CaDeskin
Gloves, washable. Were
$2.S0. Now. .S1.95
~ Imported Lam b SIX Kin
Gloves. grav with fancy
cuffs. Were S2.25. Now $1.50
THE DOWN STAIRS STORE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
COLLEGES GIVEN RAP.
President Angel Says Failures
Should Be Recalled With Successes.

NEW YORK January 16 P).-Amer-
lean youth, in the opinion of DR.. James
Rowland Angel president of Yale Uni
versity, goes TO college to large extent
merely to gain social prestige.
Addressing Cnlpate alumni he said
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Powder Compacts
75c Were 81

90 compacts, in gold and sill
yer.
IL Necklaces (no clasp.
Were 81. Now. go. Csc
5 Bracelets. IMPERFECT.
Were 81. Now. soc
THE DOWN STAIRS STORE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16

try. Among the cities where the dis
turbances occurred were Klajssnburg.
Ploesti, Jassy and Bucharest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Silk Underwear,s1
Was Si.95

So Pieces Silk Undertakings.
including chemise and step
ins. SOILED.
81 Pieces Silk Undertakings.
including gowns, cor11bina-
lions. boomers. dance sets,
briefs and chemise. Were
S2.95. Now .S2
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16
Negligees, $3.50

Greatly Reduced
10 Silk Crepe Negligees,
SOILED.
3 Pairs Novelty Louneing
Paiamas. Were $5.95 and
$3.50. Now $3.50
10 Broadcloth Smocks. Gre
tonne trimming. MUSSED.
Were $1.95. Now. .......95c
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-16

OIELN An vi II1AlR do skCtCH"
ed. Mahogany frame. Choice
of several coverings. Reduced
from $3.50 to ......$27.50
GEORGIAN SOFA. Mahogany
frame. Upholstering of 'serv-
iceable rust damask. Bore
tag of Sl95. Now .$l52.50
2.PC. LIVING ROOM SUITE.
Upholstered in rust and
shadow : brown damas k.
Sharply reduced for January
selling from 1915 TO ..$l65
OCCASIONAL CHAIR. A
handsome piece with en-
broidered seat and back, at
a $50 saving. ....... sos
COGSWELL CHAIR. Green
and gold damask covering.
Reduced from Sis to $3.50
The Washington times., 1930-10-03
Two Benedicts Meet
At License Bureau
On WaytOAltar

ROCKVILLE, Md, Oct. s.
It has been said that if a person
stands at a certain spot on the
Champs Elysees for a long pc
riod Of time, he viii see someone
he knows.
There's probably a whole lot
Of. truth in that statement, but
it has since become antiquated.
It's place has been taken by the
marriage license bureau at the
courthouse here.
Gail D. Marrigold and Ralph
s. Kirby could tell more about
this if they felt so inclined.
Marrigold, a native Of Michi-
gan, now residing in Washing
ton, was answering the question
Of G. Wylie, the genial clerk,
when he happened to turn his
head and saw his friend, Ralph
s. Kirby, Of Granite Falls, N. c.
With q sheepish smile, Marri-
gold exclaimed:
''HelIo, Ralph, what are you
doing here?"
Same thing you are, Gail"
The two friends, both Of whom
had the same purpose in mind
when they came here, within
S minutes of one another, had
waited until they were almost
on the sea of matrimony before
finding out each others secret.
The Washington times., 1930-10-03
RAILS ENTERING.
CRITICAL
PERIOD
By LESLIE GOULD


The next 10 years promise to be
one Of the most important in the
development of the railroad in
dustry in this country.
Automobiles, motor trucks,
busses, airplanes and oil pipe lines
are making daily inroads into pas.
senger and freight traffic. The
railroads are attempting to meet
the changing conditions through
mergers and purchase of stock in.
terests in the new transportation
lines.
The outcome is anybody's guess.
but one thing is certain, 1t will be
years before the railroads are dis
placed as the chief tranSporters OF
freight and passengers. When
that time comes. if it ever does
they are assured of having at
least a finger in the new pie.
AS for the railroads themselves,
the most important development
in the next decade will be in elec
trification. This allows greater
speed and doubles the hauling ca,
pacity Of roads tracks.
The merger situation at the
present is in a muddled state.
The Interstate Commerce Com
mission has come out with a ten.
tative plan creating II systems
Railroads that have not been in
sympathy with the I. C. C.'s pro
posals have simply gone ahead
and bought into any railroad that
they have seen fit.
East Is Battle Ground
The real merger battle ground
has been in the East, with the
Pennsylvania, Baltimore and Ohio
New York Central and the Van
Sweringen brothers the chief con.
teStantS. The Van Sweringens
controlling the Chesapeake and
Ohio, Pere Marquette, Erie, Nickel
Plate, Wheeling and Lake Erie
and Missouri Pacific, and the
Pennsylvania, controlling in addi
ton to its own lines the Lehigh
Valley, Wabash, Norfolk and West.
ern and big stake in the New
Haven and other New England
roads, have been the most aggres.
Sive.
While the attacks and counter.
attacks in the merger war have
been going on, railroad stocks
have been sinking along with the
rest Of the market. Current prices
are about 80 per cent from the
peaks Of last year. Due to present
uncertainties there is no need to
rush for railroad stocks.
Earnings except in two or three
cases have been sharply off from
last year. Reports of recent
months show a gratifying i'm
provement, though, in efficiency
Of operations, which will mean
greater profits when traffic gets
back anywhere near to normal.
The Washington times., 1930-10-03
81 COMMIT TEE
REORGAN|zED

Reorganization Of the George
Washington Bicentennial Com
mission followed the resignation
Of its executive officer Frederick
v. Fisher, whose services were
terminated October /, it was
made known yesterday. Fisher
will be succeeded by j. Leo Kolb.
In a reply to the formal an
nouncement made by DR.. Cloyd
H. Marvin, chairman of the com.
mission, Fisher charged that he
had been asked to resign because
he did too. much work last sum-
mer. He further charged that
the "ouSter" action had been
taken at o secret session Of mem
berS. These allegations have
been denied by officials Of the
commission.
Marvin, who refused to elaho-
rate upon his announcement, de-
clared that the commission felt
that certain changes should be
made in its personnel, that Fish
er'S services had been requested
for only four months and that
october ! marked the expiration
of this period.
The Washington times., 1930-10-03
LelUis Opens Tour
OF Garrett County
CUMBERLAND, Oct.

CUMBERLAND, Oct. S.-A
weeks campaign tour Of Garrett
county was opened last night at
Crellin by David j. Lewis, Demo
cratic candidate for Congress
from the Sixth district. His en-
gagements for the week are:
Kempton tomorrow. Kitzmller
Saturday, Friendsville Monday,
Accident Tuesday and GrantSvllle
Wednesday Democratic leaders
Of the county will join Mr.. Lewis
in the program at the various
towns.
The Washington times., 1930-10-03
Everyday Investment Series
BY w. s. COUSINS
International News Service Financial Editor

troll Of the property, and possibly
secure the return OF his funds
more easily.
On the other hand. the neces-
sary checking up of interest, tax,
possible assessment p YIN e n
and other charges on mortgaged
property is a task which requires
very much attention, and which
best can be done by an organi-
zation equipped for the purpose.
A trustee for mortgage bond
issue, which is generally a trust
company or a mortgage selling
organization, is compelled by law
to enforce every necessary re-
Quirement of the mortgage in.
denture and, as a rule, overlooks
nothing, while an in ndividual
might easily invalidate the mort
gage and cause considerable loss.
It is for the investor to decide
which form Of security he pre-
ferS.
In an effort to make up for
the large deficiency in resideace
building during the war period.
American contractors and home
builders went through a period
OF feverish construction activitX.,
Between 1921 and 1925, building
construction increased enormous.
~ not only III the centers Of
population but also in the out
lying suburbs and in commercial
sections Of the large cities.
QnnH dnol nf $laSe v,ov,. i
ing was largely speculative, con-
s1Stlng of homes of various sizes
and pretensionS, erected solely for
the purpose Of being sold to
homemakerS. Those who were
early on the field secured some
very fine bargains and were able
to buy houses at prices which
appeared ridiculously cheap a few
years hence.
From a financial standpoint
there was a danger that specu-
Iatlve building might draw in a
great deal Of money in the same
way as the. big bull movement in.
stock markets last year sucked In
funds from all over the world.
Particularly was this true in
view OF the fact that builders
were offering as high as 8 Der
cent interest on real estate
bonds, some Of which were be.
Heved to have been too large in
amount for the collateral depoS-
ited against them. AS a lule.
however, the builders Of large
buildings insisted upon a rate Of
amortization in the first 10 years,
the proceeds from which were
used to pay off outstanding
bonds. Investment bankers took
precautionary measures against
the issuance of unsafe bonds and
as a rule the record of real estate
bonds have been very favorablS
indeed.