Evening star., 1933-05-04
REN0V|z|NG LOANS
BY j. S. ARE URGED
ParIey Held in Connection
With c. of c. Meeting
Adopts Resolution.

Federal loans to property owners to
enable rehabilitation and modernization
of homes and business properties was
urged in a resolution adopted at
round table conference en- property
maintenance and improvement held In
connection with the annual meeting OF
the United States Chamber OF Com
merce in the Willard Hotel yesterday
afternoon.
The resolution, proposed by Walter
J Kohler chairman, and sponsored py
four members of the chamber, lnclud-
ing Claude w. Owen, president OF the
Washington Board of Trade, follows:
ITO stimulate employment during the
present emergency, the chamber urges
upon the Federal administration the
need for facilitating loans to property
owners to rehabilitate and modernlZe
homes, business and industrial proper
ties. These loans will be made self
uquidating.
Stimulation of private business in
this field will not involve duplication
of existing facilities Such cooperation
between Government and property own
ers will Immediately provide employ
ment to large numbers OF workers
throughout the Nation. 1t will also
protect equities and taxable values"
Subject to Directors o. X.
The resolution is subject to the ap-
proval Of the board of directors OF the
national chamber, which will meet to-
morrow.
The session yesterday was marked by
speecheS on various phases Of property
maintenance and improvement by Mr..
Kohler, former Governor Of Wisconsin;
Frank Parker, president Of the Phila-
delphia Federation of the Construction
industry; Charles F. Palmer OF Atlanta,
former president of the National ASso-
eiation OF Building Owners and Mana
gers, and William H. Meese OF Baltl-
fnore, chairman of the Committee on
Industrial Rehabilitation, Fifth Fed
eral Reserve District.
A national renewing" drive under
the auspices of the United States
Chamber of Commerce was urged by
Mr.. Meese, whose discussion centered
on lowering costs in industry through
rehabilitation of production equipment
and methods of obtaining credit for in
dustrial rehabilitation.
THE various measures proposed and
already acted upon in the new ad-
ministration's program including bank
ing reforms, farm relief, home mortgage
refinancing, initiation of the currency
etc, will be of no avail as remedies for
the depression unless industry itself is
given a helping hand" the speaker
contended.
Mr.. Meese said he believed the funds
of the Reconstruction Finance Corpora
ton should be made more available to
private industry.
Several delegates took part in gen.
eral discussion of renovatlng and
undermining Id eas following the ad-
dresses These included Richard Wat
rous, secretary of the Providence, R. l.,
Chamber of Commerce, which is Spon-
soring a renovizing campaign there
The plan met with such widespread
enthusiasm, he said, that it has been
decided to extend it to a Statewide
campaign, embracing all Of Rhode
Island.
Outlines Modernizing Program.
Oscar Monad, secretary of the Asso-
citation Of Commerce of Elmira, N. Y,
outlined undermining program con-
Quoted there under its auspices.
"One great practical feature about
this work." Mr.. Monad said, "is the
fact that the changes are not elaborate
and expensive. They are the simple
necessary changes that should be made
to many homes in the community to
keep them intact and up-to-date, and
they are of the type normally within
the reach Of the average home owner"