Evening star., 1934-08-30

about a stimulation In general business
activity. Such increased activity viii
be reflected from the community 10
increased transportation and haulsge
of materials, back through the manu-
facturer, and every step of distribution,
to the producers of raw materials, on
back to the mines themselves.
Urges Quick Action.
A great responsibility, therefore, lies
upon those who are in position TO
utilize this Government sponsored
modernization credit plan. In CO.
operation with the financial institu-
tions and those directly engaged in
the building industry. they can do
much to bring about increased busi-
ness activity throughout the country.
This will have its effect on the incomes
of those who, at the moment, are not
in position to 60 ahead so that, be-
fore long, they. too, will be able to
| join the procession back to prosperity.
AS a final word to the property own
ers who may be listening in to this
talk and who are in position to take
advantage of the modernization credit
plan, ask that tomorrow, you, per-
sonally, take the following action:
Get an estimate of the cost Of the
repairs, alterations or improvements
you wish to have made to your prop
erty. If you have not the cash to 20
ahead, take your estimate TO q local
financial institution approved by the
Federal Housing Administration. II
you are not sure which financial in
stitutions have been approved, make
! Inquiries through your local newspaper,
or inquire at any reputable CONNER
| cial or saving bank, industrial bank,
or building and loan association in
your city. You will find that prac-
tically all of them are approved and
prepared to operate under the mod
ernization credit plan.
They will have the necessary credit
statement for you to fill out and will
be prepared to pass quickly on the
loan. And as soon as it is approved
you can go ahead with the Job and
secure the cash from them to pay the
bills when they come due.
Or, If you prefer, inquire Of your
! contractor or building supply dealer.
II they have made arrangements with
bank or finance company, they will
be in a position to take your note for
the work when the job is completed,
or to help you get a loan rapidly
through a local bank.
Others Will Follow.
The main thing is-do not wait.
This whole Government program was
conceived and Is being carried out ~
your benefit. The finest contribution
you can make to your community and
to the Nation, will be to 20 ahead
Immediately. Not only will such work
enable you to stop the depreciation Of
your home-the most valuable mate
rial possession a man can have--but
through such improvements you will
conserve the health Of your family
and add to their enjoyment by max
ing the home a more convenient, COM
Portable and attractive place In which
to live. And equal benefits will come
from improving your business prop
erty. If you go ahead at once, your
example will be taken up by others.
To the extent that you-al Of you
property owners to whom I am talk
ing-put your property in good condi-
ton and improve your living stand
ards, will the community benefit.
\ And, every dollar you spend for such
improvement work will put men back
to work right in your own community
skilled workers who have suffered
most during the depression and for
whom the national housing act means
O new lease on life.