Evening star., 1930-10-30
LOAN ASSOCIATIONS
SEEK HOME BUYERS
Head of League Says Body
Is Trying to Place Half
Million Owners.

Seeking to better the conditions Of
the individual while strengthening the
economic situation of the country, the
building and loan associations of the
United States are shouldering the task
of trying to place half million more
families into owned homes by the end
of next June.
This announcement was made last
night by r. Holtby Myers. president Of
the United States Building and Loan
League and q member of the Commit
tee on Home Building and Home
Ownership named recently by President
Hoover, in an address at the annual
meeting of the local Building Association
Council at the Ambassador Hotel.
All officers and directors Of the local
council were reelected for the ensuing
term at this meeting, which attracted
one Of the largest gatherings In the
history of the local council.
There are about 100000 families
in this country living In rented quarters
and Of this number, there are probably
5000 900 whose occupations and en-
ployment preclude home ownership, Mr..
Myers said. This leaves 100000
households for President Hoover's COM
mittee and others interested in home
ownership to work on" he added.
Councils to Get Quotas.
The responsibility Of getting q half
million more families into their own
homes, assumed by the building and
loan interests, Mr.. Myers said, would
be dividedaamong local councils, with
a quota being assigned to various cities
and States.
The United States League, through its
member associations, also will urge the
modernization of 100, 900 old homes and
the modernization of 100000 kitchens
and bathrooms, the speaker added. He
drew q picture of construction and I'M
provement activity to be given impetus
by his organizations that viii run into
what is believed will amount to billion
dollars before next Summer.
Mr.. Myers declared that the economic
and moral need for more homes Is so
great at this time that the building
and loan associations interested in the
question should not wait for people to
decide to undertake home buying or
home building, but should ferret out the
tenant IN his rented quarters and sell
him the home idea.
Buslness Needs Homes.
Overhaul the safe deposit boxes Of
this country and turn their contents
into more homes" Mr.. Myers told the
local building and loan men. "All
businesses need more homes because
more homes mean tremendous sales of
materials and furnishings and equip
ment; more homes mean more employ
ment and the lessening Of the dire
effects of unemployment.
Don't tell me that people haven't
the money to buy or build or modern
lie. Naturally, the unemployed haven't
or those who have been hit very hard
during the past IL months. But q
half million people in this country can
afford to undertake homecoming this
year; they are living in rented quarters
and are paying rent at present"
Edward c. Baltz was reelected preSi-
dent of the local building and loan
council; Chaplin B. Bauman, vice presi-
dent; William S. Quinter, secretary,
and Millard T. Dixon, treasurer. Mem
bers elected TO serve with the officers
on the executive committee were: C.
Clinton James, James l.. Sherwood,
James F. Shea, John B. Geier, George
M. Emmerich and Carl C. Bergmann.
Mr.. James, who is q director of the
national league, presided at the dinner
session and reviewed the legislative pro-
gram of the council.