Evening star., 1935-10-26
HOME MORTGAGES
TO Be DISCUSSED
Relations to Security Will
Come Before Building and
Loan League.

H6ldLlOU OI LIE ulllllUf OI HUI IdBCo
on houses and two-f1atS to the invest
ment structures, to national security,
and to both State and Federal Govern
ments will be aired in Cincinnati,
Ohio, at the United States Building
and Loan League Convention, Novem-
ber 1915.
Upward of 1000 delegates from all
over the country will hear speakers
representing residential financing, Gov
ernment, real estate practice, and the
academic world detail their views on
sources and uses of money for old
and new homes.
Speakers before the general sessions
include: Representative John B. Hol-
lister, Ohio, member of the Banking
and Currency Committee of the
House; DR.. Gustavus Dyer, professor
of economics. Vanderbilt University;
Walter S. Schmidt, past president of
the National Association of Real
Estate Boards; l. Friedlander, Hous-
ton, Texas. president of the United
States Building and Loan League;
Morton Bodflsh, Chicago. executive
vice president of the league; L..
A. Mclean, president of the Mort
gage Bankers Association Of America;
r. Graeme Smith of the Connecticut
General Life Insurance Company,
and John H. Fahey, chairman of the
Federal Home Loan Bank Board.
Mr.. Friedlander, who makes the presi-
dental address on the opening morn
ing, is also chairman of the Federal
Savings and Loan Advisory Council,
created by Congress this Spring.
Safe and Liquidity.
How the savings, building and loan
industry concerns itself with hquidity
and safety for its shareholders will be
brought out in addresses which cover
not only the policies and instrument
talities set up to deal with this SUBJ
1ect but also the appraisal technique
which safeguards from the lending
side. A. D. Theobald, Chicago, direc-
tor of education and research for
the American Savings, Building and
Loan Institute will discuss the insur-
ance of shares; Edward C. Baltz, vice
president of the Perpetual Building
& Loan Association here, will discuss
liquidity for thrift and home f.
nancing institutions; H. o. Walther,
regional director of the Home Owners
Loan Corporation at Chicago, and
Frederick NJ Babcock, chief Of the
underwriting section of the Federal
Housing Administration, will discuss
angles of the home appraisal situation.
Bending major efforts toward Sys-
tematic organization of all building
and loan units along local, State, and
national lines, two of the major ad-
dresses before the general sessions
will deal with the technique of organi-
cation. j. Gilbert Leigh, former di-
rector in the United States Chamber
of Commerce and prominent building
and loan figure in Arkansas, will talk
on Organization Pays" and Emil A.
Gallman, secretary of the New Jersey
Building and Loan League, will re-
view State and league progress.
The convention will hear for the
first time the authentic statistics on
the extent of the savings, building and
loan business as of the beginning of
the year in the report of Secretary
Treasurer H. F. Cellarius. He will
show the volume of resources of the
institutions by States, the consolidated
reports of the associations, including
the amount of their reserves, real
estate holdings, mortgage loans made
during the previous year and mort
gage holdings of the present time.
Some surprising evidences of recovery
and ack-to-normal activities in the
field are likely to be in these statistics,
it is foreshadowed by preliminary re-
turns from some of the States.
Other Branches to Meet.
Besides the regular divisional meet
ings of the league convention, devoted
to the special phases of advertising,
accounting and attorneys functions,
the Society of Residential Appraisers
and the National Association of Build
ing and Loan Supervisors will meet
during part of the convention period.
Ralph H. Cake, Portland, Ore; Gustav
Flexner, Louisville, KY, and Charles
F. Axtmann, Youngstown, Ohio, are
among the building and loan leaders
who will discuss managerial, account
ing and advertising problems.
The whole matter of home values
in the future, and of the encroaching
influence of prefabrication upon the
older type of home construction and
cost will be subject matter for the ap-
praisers' meeting and the session will
be open to all building and loan dele
gates. The supervisors group, COM
posed Of the supervisory officials from
the various State departments, will pay
special heed to the Standardization of
practices, coordination of State and
Federal activities and the utilization
of every existing means of bringing
the activity of associations up to
normal.
Federal Home Loan Bank directors.
both the public interest appointees
and those elected by member associa-
tions of the bank system, will hold a
special group meeting presided over
by Harold T. Donaldson, Lansing,
Mich, second vice president of the
United States League. The work of
the new Federal Savings and Loan
Advisory Council, the job of a director
IN Home Loan Bank and general
working problems of the banks will
be matters for discussion.