Evening star., 1933-02-21
Senator Capper and Mrs.
Norton Join Other Leaders
in Supporting Drive.
CAPITAL MOVE CALLED
EXAMPLE FOR NATION
Printed Forms for Home Owners
Seeking Aid From $500, 900 Pool
I--t.--ibuted by Association.

AS Endorsements Of the Renovise
Washington Campaign continued to
come today from leaders = ,.Ic and
private life c. - ~-plEal, the banks
were setting in motion the special ma
chinery through which home owners
may secure home improvement loans
from a $50O,O0O credit pool created by
the District Bankers Association.
Senator Arthur Capper, Republican,
of Kansas, chairman of the Senate
District Committee, and Representative
Mary T. Norton, Democrat, of New
jersey, chairman Of the House District
Committee, were among members OF
Congress who expressed approval of the
city-wide work and trade stimulation
drive They declared the Capital move
ment should set an inspiring example
for other communities.
Printed Forms Distributed.
The District Bankers Association has
distributed to the banks printed forms
on which applications for the small
loans for home renovation, repair and
remodeling may be submitted.
Printed statements of the detailed
loan plan are available in the banks
for the information of any one con-
templating filing an application. The
regulations state that applicants must
be home owners with an equity and
whose taxes\and mortgage interest are
paid up. If\ the applicant is not a
depositor at the bank, he must secure
the Endorsement of depositor. Loans
up to $500 will be granted.
That the credit pool plan instituted
here in support of the property i'm
provement of the Board of Trade and
cooperating business and civic organi-
cations is attracting wide notice was
attested by the fact that bankers of
Philadelphia were called into confer
ence yesterday to discuss creation of
similar pool there. This action was
taken after telephone consultation
with Arthur B. Heatpn, chairman of
the Renovize Washington Campaign
Committee, who explained full details
of the washington program.
Commended by Capper.
The 'Renovize" plan to create work
for unemployed mechanics in Washing
ton. and at the same time improve the
hPPCdl dllCC VI plOPCIIy III Wdo1llIlEtOIl,
won the immediate commendation Of
Senator Capper.
Senator Kean of New Jersey, a men,
ber of the District Committee, also
commented on the campaign, as fol-
lows: ''I am in favor of anything that
will create opportunities for work"
"The plan of the banks to make
$500, 900 available for small loans to
home owners for the improvement of
their properties should prove extremely
helpful in this period of unemploy-
ment," said Senator Capper.
There is no doubt that present eco
nomic conditions have fallen heavily
upon mechanics because of the shrink
age in the volume of work generally
throughout the country The creation
of jobs, therefore, by encouraging the
making of repairs and improvements
now will do far more good than If the
work were done at some other time"
"Should Inspire Country"
Representative Norton, who in
the House District Committee, who in
troduced the bill authorizing the Dis
trict to borrow up to $2,500,000 for
emergency relief from the Reconstruc-
tion Finance Corporation, and who
helped get the $625, ,0o0 relief item in
the District appropriation bill, said:
This plan of District business men
and bankers to relieve the city unem-
ployment. coupled with general i'm
provement of the Capital, is wonderful,
practical, and should be an inspiring
example to communities throughout
the country. Especially interested as
I am in the District of Columbia, it is
most gratifying to me that the people
of the District should bring out this
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