davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-10-16
Fly-Casting Experts to Vie
At Lincoln Reflecting Pool

The events will be conducted
under the rules of the National As
sociation of Scientific Angling Clubs,
with which the Capital Casting Club
is associated. and also under rules
sponsored by the Izaak Walton
League of America.
In charge of the meet will be
Donald N. Carpenter, president Of
the Capital Casting Club; George A.
Cook. Harold Vermeule and c. S.
Mcintyre. !.
The first event will be a q ounce
accuracy bait casting test; the
second, y ounce accuracy bait
casting. test; the third. a wet-fy ACT
curacy test: the fourth, * ounce
plug casting test, known as the
"fisherman's" test, in which there Is
a long list of prizes: the fifth,
ss-ounce distance bait casting test,
and the sixth, IS ounce distance
bait casting test.
Through the meet there will be
demonstrations of casting, and At
lantic City fishermen who are ex-
pected to attend will give exhibitions
of surf casting up to 450 and 500
feet.
Representative Sol Bloom. as
sociate director of the United States
George Washington Bicentennial
Commission, will award the prizes.
Evening star., 1932-10-16
EASY FOR NAVY RUNNERS
Six Tie for First Place in Cross
Country Race With Lafayette.

ANNAPOLIS, Md, October 15.-The
Naval Academy opened its season in
cross country running today by defeat
ing Lafayette by the overwhelming score
of IS to 40 in a race of three miles Six
Navy runners had time enough to line
up and come across the tape arms
locked ahead of the first Lafayette run
ner Campbell
The summary: First, Hardman, Hutch
inson. HALEY, Fahy, Griffith and HON.
mel, Navy, tied, 19:44:5; seventh, Camp
bell, Lafayette. 1888; eighth, Blouin,
Navy, 1888; ninth, Moth, Navy, 2O:22;
tenth, McGargle and Altheimer La
fayette. tied, 21:26 thirteenth, Gerard,
Lafayette, 22:45; fourteenth. Tuller,
Lafayette, 24:07; fifteenth, Clarke, 27:17.
Evening star., 1932-10-16
HANG UP BOWLING MARK

Red Megaw and Ollie Pacini last night
boWled to new Central South Atlantic
l0-game duckrin doubles record at
1921, in vanquishing Chester and Ed
Blakeney. who totaled Lis. Pacini
had an aggregate of 674 and Wegaw
SAT.
The old mark. 1872. was made by
Wesley Askew and Ray Barnes against
Megaw and Pacini mere last December
The world mark. 1852. is he'd by Nick
Tronsky and Bill Tato.
Evening star., 1932-10-16
CONGRESSIONAL COUN T r Y
CLUB members today are
watching with interest the at

CLUB members today are
watching with interest the at
tenpted comeback of stall
wart of ether years-a man who has
represented Congressional since away
back in 1924 The stalwart, twice
winner of the club title, is Page Hufty
the same tall, blond lad who used to
plav such fire golf, but who has not
done much in a golfing way Tor the
past three years.
Hufty today is scheduled to meet
Luther Steward. jr. in the final rouno
for the club championship. steward
is the defending title holder. Both
won two matches in the title tourney
yesterday to forge their way to the
36-hole final.
Hufty won two fairly easy matcnes'
defeating Melvin Bennett by the I'M
posing margin Of Z and &, and beating
DR.. John Shugrue in the Seml-tnal by
3 and 2. Steward had a walk-away
u the second round. winning from Ken
meth Welton by and 6, but went
to the final hole to score up VIC
tory over Franklin C.. Parks in the
Semi-fnal =,
Stewards unerring putter was the
factor that wreSted victory from oe-
feat. He had nine one-putt greens
in his round against Parks and won
on the final only when he laid
mash.e-niblck second shot stone dead
to halve with Parks III birdie 3s.
While the tinalists in the first flight
are playing the last round over the
36-hole route. semi-fnal and final
rounds in the other fights and con-
solations are scheduled today. Yester-
days summaries follow:
TT IT
Parks defeated w w Jones, u. ana =
Luther Steward r dsfeatsd sh1nn kenne5e
7 F McCarron l up; Page Hufty defeated
NJ B. Bennett. 7 and 6. Semi-fnalSIStewd5
ard defeated Parks. l up; Hut'y deleateo
CONSOLATION-W. Fiske Marshall drew
a bye; B. L. Taylor. Jr.: defeated o. h
Wendt 3 and 2; V. A. .Sisler drew a bye
j. j. MaloHe" defeated Sr. B. L. Taylor 6
and 5 Senli-fnsls- Taylor; Jr.: defeated
Marshall, 2 up; Maloney defeated Sister
Evening star., 1932-10-16
FAST FURMAN TEAM
TRIMS DAVIS-ELKINS
Shows Power. Drive, Versatility as
1t Rolls up 1910 Victory Over
West Virginians.

By the Associated Press.
CREENVILLE. S. c., october Is
~ Furman showed power, drive and
versatility here today as it swept
to l9-to-O victory over Davis-Elkins
of West Virginia. The Purple Hurricane
put up a defense that kept its goal from
even being approached and the visitors
never threatened at any time
The sensational running of Lyles
Alley and the line plunging of Bob
Smith and Fisher featured the offense
The entire Furman team put up an ex-
cellent exhibition of blocking
Evening star., 1932-10-16
COLORED TEAM TO DRILL

A newly organized colored volley pail
squad, the Stars. has been organized
here and will hold its first drill Tues
Gay night.
On the roster are Charles Young,
London King, George Jefferson, Bib
Brooks, TcotS Brown L. Booker, Slim
Bryant and Sonny Hawkins.
The Stars have high hcpes of van
gushing the fast Twelfth Street Y. M.
C A SpikerS
Evening star., 1932-10-16
LAUREL RESULTS

FIRST RACE: Purse. $1,000; for maiden
msF' s r. Hanio ft1S g " $50 sso sseSSd
aUnion, lI6 j. Be5shaE. $3.50 third
Time li3, Also Pan-aone change Can.
mcnt. Vote. Fetch, Face 10 Foe. Brises.
aKershaw Stable IN. L. Schwartz-A. C
''SNsotS SECOND eHfki RICE: Purse. $1,000: claiming
il3 GB Hanford1, 50 70. s27O. s2 so won
Meeting Piece. lo3 M; Lewis. So. 80. g 90
third Tine. i:54l5. flso ranEFreshet
Kip Drift. Fairdale. Koenigsmark ID. Kicks.
THIRD RACE: Purse. $1,000: OLD Line
Canron,-, ll2 'B; Hantord,;;, sig 10, $3.50, out
isTd seG0nd Pliats s Aso r. 1s0Finte W0.kPan out
.FouRI ii RACE: Purse, 5000 added
Maryland Futurlty; for 2-year-olds foaled
y workman M an So 40. s22o: ssio. won Acau,
taw. ia ,Bejshakl, $500. S2s0., secono,
Cantoria, ia tWoolfl. S240. third Time
Mis- Teenle, Mintle.
FIFTH RACE: Purse; 5000 added; Laurel.
los iis j Lewis. 4so, $50 second: Eaalp9!sa
i25 tWorkma9l. s2.4o. th!ld; Iims; lS7, ;
ofsTafHF SIXTH RACE: Purse. 81 ooo claiming for
TdtsloG IGeaf liz ana cavsF nP s7o aSO
won; jolly Pilot l0S H. L. Fischer, 81 20.
S 80. second Raccoon; ll2 ~. sherryl
pafol re- 'HTo gree Al mf Roaes Triple o rhrea
SEVENTH RACE: Purse. 81 600 claiming;
Hsb tG syearGds ea b Bsz sna up 2o E5Cc lSsG
wen, Flaming Mamie. 100 H Cruz, 80
Sc so. second; Ming Sun, ll2 tLaurin1. 50 20.
zada 7a6a parDer TRa oaeTande Asa
Barren Hill.
Evening star., 1932-10-16
Ring Rackets
by FRANCIS Z. STAN.

A S precaution against repeti-
~ tons of that ice Banovic-Sam
~ Weiss fiasco, officials Of the
Alexandria Day Nursery, which
sponsors the Portners Arena fights,
publicly has Issued a warning to all
fighters on the cards to fight or for
felt their end Of the purse.
AS a matter of fact. the heretofore
uniform success of the Alexandria bouts
to please the cash customers has oeen
due to exactly the same kind OF warn
ing-except it has been issued weekly
to the fighters privately. Welss was
warned before he entered the ring. as
was Banovic. but Sam took It with a
grain of salt and got away with IL.
Referee Charlie Short declared ne
allowed il 10 continue only because
Ranoyic really was trying, ard to hold
up his end of the purse "oulo H@'e
been unfair. III.
share and didn't try.
rRAGILE-LOOKING Ray Bowen, last
L of Washingtons fighting BoWens
and the Districts best welterWelght'
frallv gets the bout he's been snootllls
for all Summer. Tomorrow ne steps
against Jimmy Reed. the JacksonViile
"Whattaman," in Portners Arena ~
round feature. 1oa would
On past performances Reeo Wuuiu M
seem to be a favorlte, but II Is itheit
Bowen will go into the ring Witn a.
least an even chance, In the opLliioiio
of most experts. Reed, clever puC ~
conner in the game cleaIleu w 10 :,
thing tossed his way at 1WAi-oteS CS,,;r,e 90
SlImmer-Portney Raymond, ooti- Gni.,n
Strub-but displayed no puHCh II o0tle 3
~ And RoWen's main lookout IS an
onnonent who can hit. Ray can hanole
bimself with the cleverest. He punches
harder than Reed, too.
TOE TURNER, the local rassle oosS'
in,norts the newest and one OF the
= most important additions TO the
1ondos-championed fraternity 1hulS,
dav in Johan Richthoff, who knocSeo
off all comers in the Olymplcs OF 1870
and 1882 to win the heavyweight crown
Richthoff, who tackles Frank Bruno
wicz in one Of the prelimlnarles' mas
oIite a record He has worn the Eu-
ropean amateur crown for the laSt eigllt
wears and in II years OF wrestling Aas
never been defeated: Te o'rpP p,Pt'-..,o-.
the boat from Sweden last IHuL suaS
and will be making his first professional
appearance.
THE main events-there are two nnlsn
i matches this week-list DICK
Daviscourt and Fred Grobmier ano
Chief White Feather and Pat Mckay
Both are puzzling bouts, with DAVIS
court and Mckay, of the quartet, more
likely to win. H.
Onening the siX-bout program 1.-TWO
more are in the making will be that
affair between Dutch Green and George
Kiatta. billed for the light t-heavyWeight
championship of the District These
two boys, who have met more times
than they can keep track Of, have yet
according to sworn statements OF ooth
ended a match in anything but draw
Thursday will bring finish match.
Evening star., 1932-10-16
MUSTANGS CONQUER
SYRACUSE BY is TO 6

CYRACUSE, N Y. october IS
- Southern Methodists' Wild Mus
taneS scored a 16-to-6 victory over
Vic Hanson's Ivracuse foot ball team
in their game here todav after first
half ending in a 6-to-6 tie.
Syracuse got off to a fast start
Wamsack. at center snatching BaccuS'
second pass and racing 40 yards for
touchdown in the first few minutes of
DlaV
Evening star., 1932-10-16
EASTERN STAR wOMEN'S LEAGUE.

Season Records.
High average-Owen. 1898.
High game-Mills. 131.
High Set-Dove and Malcolm, 339.
High fiat game-Alber. 95.
High strikes-Dove, 8.
High spares Malcom. %.
High team game-Washngton Centennial
No l. 527.
High team set-Washlngton Centennial
No. !. 1.5l0
Evening star., 1932-10-16
MEMS DISTRICT LEAGUE.
WOMEN's DISTRICT LEAGUE.
NATIONAL CAPITAL LEAGUE
INTRAMURAL MEET ON

With a view to creating more interest
in intramural competition, Catholic
University has abandoned its cross
country team. 1t is hoped that the
intramural program will develop ma
terial to fill vacancies on the varsity
track team left by graduations.
Capt. Fraatz and one or two others
are the only men left from last seasons
team and Coach Dorsey Griffith pre-
diets that some 10 new tracksters will
win berths.
The first of series of intramural
meets will be held this morning at IL
o'clock in the c. U. stadium.
Evening star., 1932-10-16
TRACK RECORD SET
AS JACK HIGH Wins
$1,000 See Widener Horse
Run Over Laurel Stakes
Mile in 1877 is.
AUREL, Md, October 15.-George

L. "iuCiicl ooSh A1ASA oAAd
Sylvester w. Labrot's Rush Hour
captured the IS 900 Laurel Stakes
and the $4,000 Maryland Futurity, re-
spectively. before the largest crowd OF
the season here this afternoon. The
former was forced to run the mile in
track record time of 1877 is to de-
feat Norman Church's Gallant Sir by
nose.
Cornelius Vanderbilt Whitney's great
horse. Equipose. with Sonny Workman
up, went to the post in field of
seven in the stakes as a 7-to-10 shot,
but third was his best effort.
Labrot's silks in the Futurity were
borne to victory. however, by Workman
on Rush Hour The son of Happy
Time defeated Howard Bruce's Acau-
taw. while third position fell to Frank
Hayes Cantoria.
Canron. W. W. Vaughans filly, proved
her greatness by providing an upset
in the Old Line State Handicap. at
quarters of mile. In four
horse contest and under perfect hand
ling by Buddy Hanford, she shaded
1.l2 to defeat Hygro, PLATE and Finite.
1t was the fastest time of the meeting
for the distance. Canron paid 81. to
!, while Hy<"o went postward at 65
cents to a dollar.
On this Indian Summer afternoon
$4,000 fans did not hesitate to turn
their money over to the extent of
more than S567 900 on the seven events.
Evening star., 1932-10-16
ST. JOHNS VICTOR, 90
Scores Touchdown and Safety t
Conquer st. Joseph S.

ANNAPOLIS. October 15.-St.. Johns
defeated ST. Joseph's of Philadelphia to-
day. 9 to 0, scoring touchdown and
extra point in the second quarter and
a safety in the final period.
Cassassa blocked Daugherty's punt to
put the locals in scoring position in the
second quarter and after some line
gains Drake passed 80 yards to McCar-
tee for the only touchdown. McCartee
place-kicked for another point.
St. Johns scored a safety when
Zubers attempted to pass from his own
goal line and CassasSa blocked the ball
behind ST. Josephs goal.
Evening star., 1932-10-16
SOCCERISTS TO DRILL

In preparation for their opening
clash in the Capital City League next
Sunday, the Columbia Heights first
string soccer team will engage the Sec
ond team in practice game at o'clock
this afternoon on the Monument
grounds.
The personnel of the varsity" eleven,
managed by Charley Edwards, still is
undetermined, but likely will be de-
cided today following the informal
game. The second team downed the
first eleven last week
Evening star., 1932-10-16

4: :; :: ::; e; Ct: :%::; I; rs;
surf casting, when cast
ing experts from all over the East
compete in the Bicentennial bait
and fly casting meet, sponsored by
the Capital Casting Club, next
Sunday.
The events in this meeting. which
will attract casting clubs from Bal
timore. Philadelphia. Westminster,
Md; Atlantic City, Pittsburgh, Rich
mond and other points, will consume
the whole day.
The meet will be held at the
Seventeenth street end of the
Lincoln Memorial Rejecting Pool,
and will begin at 9 am. The meet
will be an open one, with no entry
fees and the Capital casters are
hoping to attract a large number OF
local anglers both as spectators and
as contestants.
Silver cups will be awarded first,
second and third places in the deter
mination of the best of all-round
casters, and there will be 18 medals
awarded in the individual events,
with a quantity of fishing tackle,
donated to the Capital Casting Club,
also going to winners in the events.
Evening star., 1932-10-16
FIELD HOCKEY TIE

Et Cetera and Colonial clubs fought
to 3-3 tie yesterday in Washington
Field Hockey Association game on the
EllipSe.
Matches are being played each Satur-
day morning on the Ellipse, with prac-
tice each Wednesday at pm. at the
Marjorie Webster School of Physical
Education.
Evening star., 1932-10-16
PLEBES BREAK SPELL
Beat Kiski for First Time in Six
Years of Grid Rivalry.

ANNAPOLIS. Md, october Is (P,,-
from Kiskiminetas Springs School for
the first time in the history of the foot
ball relations Of the schools, extending
over more than half dozen years. The
score was 14-O. Two touchdowns were
scored by the Plebes in the second
quarter. and goals added in each case
by placement kicks
Rankin scored the first touchdown
for Navy by dashing around left end
for 40 yards. Pratt passed to Holman
for the second touchdown. King and
Rankin were the ground gamers for
the Plsbes.
Evening star., 1932-10-16
SWIM TO AMBASSADORS

Ambassador Swimming Club, District
A. A. U. team champion. downed the
Shoreham Swimming Club, As to "a. in
a meet last night in the Ambassador
Hotel pool
Evening star., 1932-10-16
TEMPLE MAJOR LEAGUE.
Season Records.

High Individual game-Tony Maley wild
TuranlanSi. 1888
High individual set-Maley. 387.
High team game-PrEceSs Theater 593.
High team set-TImes- Herald. l64l.
Evening star., 1932-10-16
.NETWOMEN DEFEATED

Fort Monmouth IN. j. woman's ten
mis- team defeated Army-Navy Country
Club racketers, 6-1, yesterday on the
latter's courts. A return match VIII be
played next Spring at Monmouth.
Evening star., 1932-10-16
MERCHANTS LEAGUE.
Season Records.

High team Ramt-Thom Mean, 59l.
High team set-Thom Mean. 693.
High individual average-Jacobs IS d.,
ll3
ISL
High individual set-Jacobs IS. D.. $50.
High spares. Oehm 'Thom Mean. "a.
High strikes-J. Miller IS. d., 8.
Evening star., 1932-10-16
KNIGHTS OF COLUMBUS LEAGUE
LAUNDRYNEN'S LEAGUE.
Season RecorG

High individual average-Fellinger. 1ll9.
High individual game-Ballenger. LAG.
HIgh individual set-Ballenger 1863.
High team game-Carroll, $50.
High team set-Congers. 1888.
gh spareS-Whitirg. 81.
EIzh Strlkes-FellnEer, 8.
Evening star., 1932-10-16
TEMPLE MINOR LEAGUE.
Season Records.

High individual Sanctuary Ford and
Louie Chipouras. 162 each.
HiGh individual set-Ollie Paclni. Alb.
High team gamer Street DelcateSsen, 621.
High team set-Sunrlse Bakery. 1882.
Evening star., 1932-10-16
Bowling League Standings
ELECTRICAL LEAGUE.
Season Records.

/ High team game-Central A-mature
Works. SEC.
High team set-Central Armature Works.
1888
/ High individual same-M Brown. l67.
High individual Set-C. Evans, 375.
! Hiah Individual aveTage-M. Brown, ll2-6.
I High strlkeS-Hornig. y.
/ High Spares-A Brown. 38.
High weekly game-LauXman 1873.
Evening star., 1932-10-16
HEBREW INTERCLuB LEAGUE.
Season Records,

Season Records.
High team game-Les Amis Club, SGT.
High team Set-Iris Club, 1878.
High individual average-Perlmutter uris),
114-9.
High individual game-Schecter MAR
dellel, 1852.
High individual set--Schecter CMardelie),
4o7.
High strikes-Gaist beta Phi EpSilon), 9.
High spares-Tenenbaum Iris), 81.
High fiat eame-Levy tVista) and Krakow
(Phi Epsilon Tau, ga
Evening star., 1932-10-16
" VILLAIN E. MIDDLETON, who
M plays his golf at the Wash
v " ington Golf and Country
Cluh is the new champion


v ington Golf and Country
Club, is the new champion
of the Department Of Agriculture.
Middleton shot 36-hole total of 16l
to lead a field of nearly three score
golfers in the recent tourney at WASH
ington and annex the championship
trophy. Middleton also won the c. L.
Marlatt trophy. offered for golfers OF
the Bureau OF Entomology, to which
he is attached.
Prize winners in the tourney were:
SO holes-first low gross. William
Middleton, >161; second low gross,
Maurice r. Cooper, ITO; T. F. Stone,
first low net, 1877; second low net, J.
M. Palmer, 144; third low net, j. A.
Kline, 146: A. J. Meyer. 148; M. Reese
Cooper, ISL; r. S. Washburn, 1872; G. P.
Clausen, 156.
Eighteen holes-low gross. ]. E. Voll,
"a; Paul Mcller, SO; first low net tie
at 73 between E. v. Roberts, S. A.
Salmon and H. A. Rodenhiser.
Foursome prize winners were as fol-
lows: Sidney Frissel, R. M. Rutherford,
H. L. Hyland, F. Gray. C. C. McDon-
nell. E. L. Kessler, w. H. White, l..
w. Strasburger, w. c. Henderson and
V. F. Tapke.
The six trophies were won as fol-
lows: Championship trophy. won by
William Middleton: Renick w. Dunlap
Trophy, won by T. F. Stone. net 1877;
c L. Marlatt Trophy, won by Middleton,
net, l43; William A. Taylor Trophy. won
by J. M Palmer. ret 14t: John r.
Mohler Trophy, won By H. Huber, with
176 Henry G.. Knight trophy, won by
A. j. Meyer. net 143.
The high gross championship went
to S. A. RoWher.
MEMBERS of the Brightwood Ex-
lVl Caddies Association will meet to-
morrow night at the Argyle
Country Club to decide on the place
and date for their annual tourney
George j. Voigt has promised to come
down from New York to play in the
event. The tourney is staged annually
by the men who as boys used to cad
die on the old course of the Columbia
Country Club in Brightwood. Some of
them have become fine golfers.
That Forthcoming field day to be
staged b. the Columbia Country Club
in honor Of its winning Women's team
in the interclub matches is not open
to all fair golfers of the city. The
event is open only to members of the
first teams of the other clubs who corl-
peted against the Columbia team
in the matches held last Spring. Mem
bers of the second teams are not elig
ible to play, and the tourney is not an
open one Invitations have been sent
10 members OF all the first teams of the
various clubs.
Evening star., 1932-10-16

A S precaution against repeti
~ tons of that ICE Banovic-Sam
~ Weiss fiaSco, officials Of the
Alexandria Day Nursery which
Evening star., 1932-10-16
GRIFFITH inclined
TO ABANDON BILOXI
Climate Fine, but Contests
Scarce-May Shift Club
to Florida Camp.
BY JOHN B. KELLER.

40 the player, base ball
means only seven months
of toll a year, but to Clark
Griffith it is a continual
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-09-16

Now that you've solved the mys-
terry Of the scrambled letter "A"
published in The Times Thursday,
you can start on "B."
A prize list of s125 is offered
Times readers in the scrambled let
ter contest and a little work and
plenty of fun may mean cash in
your pocket.
Hundreds entered the contest
Thursday, many of them going it
solitaire and others organizing par
ties in which prizes are offered for
those who show the most speed in
arranging the scrambled parts of
the letter into their proper places.
If you miss any copies of The
Times containing the puzzle, call
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-09-16
LOAD OF COAL STOLEN

Negroes Abandon Truck in Alley
When They See Police Approach.
A truck loaded with ton of coal
is being held by police today while
an effort is made to find the owner.
Policemen saw two Negroes drive
the truck into an alley between Raj
ston avenue and Hovey street, north
Of Nineteenth street. When the
officers approached, the Negroes ran.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-09-16
FORT CLAIMS
LOAN BANK is
PROVING VALUE
LenienCy to Borrowers Is
Attributed to Plea; Evil.
denCe Otherwise.
BY NED BROOKS
Times stan Writer

WASHINGTON, Sept. l6-De-
spite reports to the contrary, Chair
man Franklin w. Fort Of the fed
eral home loan bank board today
attributed large share of the len
iency being shown TO borrowers by
lending institutions to the antici-
pated benefits Of the home loan sys-
TEN.
Fort also insisted that many large
Institutions have adopted his sug-
gestion for siXty-day suspension
Of foreclosures.
Results of a nationwide survey
by the Scripps- Howard newsps pers
showed leniency toward home mort
gage borrowers. but indicated the
cause to be reluctance of lending
institutions to add to their already
overloaded real estate holdings
through more foreclosures.
The survey also disclosed that in
no district has an absolute mora
forum been declared as a result
OF Forts suggestion, and that in
most cases where a more lenient
policy has been adopted toward Dor
rowers, the change was the result
of economic necessity, rather than
the administration appeal.
Help Is Predicted
Some Of the largest institutions
in the country without announcing
they are doing it, have instructed
their agents that where any hope
exists Of eventually getting their
money for a mortgage to forbear
until the home loan system is in
operation said Fort.
Fort predicted that building and
loan institutions, enabled to increase
their liqUidity through the home
loan system, Will take over some of
the mortgages now held by savings
banks, which in some states are
restricted more closely by law in
making home loans than building
and loan associations.
If these associations are financed
so they can make a loan to clear
up the membranes on a property,
then the savings bank, which for
example is limited to loaning up to
so per cent of the value of the prop
erty can get out and the building
and loan associations that are in
the market TO lend can take over
the mortgage, so that the running
of taxes and other penalties which
are Wiping out the equities will be
stopped, Fort said.
Indirect Benefits Cited
Thus the indirect benefits of the
home loan system are more inn
portant than the direct.
Heretofore they have felt they
hadn't any justification for holding
of foreclosure. Now there is some
thing ahead, so they are justified
in waiting
IF, in the meantime, the dis
tressed property owner gets his job
back he will not have to lose his
home.
"As whole, the vast majority of
lenders are going to foreclose only
where they see no other way out"