davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05
We Lead The Way
Again With An
Assortment Of 1887

ANU 1000 OdIS
1887 Pontiac 4-Door Sedan, trunk,
radio and heater, 1900 miles
1897 Packard "6' Town Sedan,
1000 miles
1895 Pontiac 4-door Touring Sedan
1896 Pontiac Convertible Coupe
1896 Lafayette 4-door Sedan
1896 Hudson g" Gust. 4-door Sedan
1885 Dodge 4-door Sedan, like new
1895 Graham Supercharger 4-door
Sedan
1895 Chevrolet 4-door Sedan
1884 Buick Club Sedan
1884 Chrysler Imp. Airflow Sedan
1888 Pontiac Coach and Sedan
1899 Terraplane 4-door Sedan
1891 Buick Victoria Coupe
1882 Chevrolet Sport Coupe :. $3.50
1881 Pontiac Coupe ........... $l85
We have nothing but the best.
Any car we sell carries a "Creel
Bros. Certified o. K"
CREEL BROS, INC.
299 WEST MAIN ST.
Phone 3-5327
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05
Legal Notices
LIQUOR PERMIT
FnTHfsNr nNr nDV No A NVnN

LIQUOR PERMIT
NOTICE OF APPLICATION
This Is to give notice that ], Will
liam y. Gerber OF II Golden Hill ST.
plication dated February 4, 1887.
with the Liquor Control Commission
for q Package Store Beer Permit for
the sale Of alcoholic liquor on the
premises, 404 North Main St.. Union
City, Conn. The business Is owned
East "a Tx Aurora os st.. S Waterbury, Conn.
and will be conducted by William p.
Gerber of ~ Golden Hill ST., Union
City, Conn. as permittee.
WILLIAM p. GERBER.
Dated Feb. 4, 1887. 2-5-l2-2t
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

SO Household Articles
-
$50 Of - 25%, OF - $50 OF
Good Used Furniture
During Our Big
February Sale
$50 Of - $50 Of - $50 Of
Easy terms
Free storage
Free delivery
Mo payments II sick
Mo payments If unemployed
10 BIG BARGAINS FOR
THIS WEEK ONLY
S pc. Maple Breakfast Set, So; 9x12
Administer Rug, Sill; Big Circulating
Heater, $12; Twin Studio Couch,
$l3: pc. Mohair Living Room
Suite, $l4; pc. Bedroom Suite
SIS; Modern Gas Range, SIG;
8 pc. Dining Room Suite, $40;
Kitchen Range with Oil burner, $25;
3 Room Outfit, $50. See these articles
dt Ou1 .. MdAl OUs OoCu 0CuC OA4ly
PHONE OR WRITE FOR A
FREE COURTESY AUTO"
Simply phone or write us and we
will send one Of our z Courtesy
Autos" for you any morning, after
noon or evening to bring you to the
store and take you back home again.
Our cars are heated for your COM
fort. Albert's originated this service
over 10 years ago. and you are in
vited to use 1t without obligation,
even # you do not make a pur-
chase.
A = L B = E = r = T : S
New England's Largest Furn. Store
268-270-272-274 So. Main st.
Waterbury
236 S. Main Used Stores) 40 Canal st.
Phones 4-3144, 4-3145, 4-3146, 4-3147
All Stores Open Wed. g. Sat. Ewes.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

At a Give-Away Price
A KROEHLER-L Living room suite
and a beautiful bedroom suite, both
rooms complete original pric e
s2a $3.50 sell for $149
This is not used furniture but only
floor samples. Terms If desired.
HADLEY'S BAPGAIN ANNEX
103 Meadow st.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

YOUR FORD DEALERS
NEW HOME
TOR
USED CARS
ONE BLOCK FROM CENTER
OLD ARMORY
on Phoenix Ave.
CARS ON DISPLAY AT
OLD ARMORY
1886 Plymouth Sedan
1888 Plymouth Coach
1882 Plymouth Sedan
1884 Terraplane Coupe
1885 Ford Coach
TRUCKS
1885 Ford Dump
1884 Cab Chassis 157 in.
1894 Ford Stake 1877 In.
1884 Ford Panel
r. 81 G. USED CARS
Drive Right Into the Building
From Savings
Stop in and Look Around
LOOK OUR NEW HOME OVER
2 Other Branches for
Used Cars
COR. FREIGHT g. JUDD SITS.
COR. N. MAIN g. SPARK SITS.
MATTATUCK MOTORS
Hear Our Radio Special at
6:l5 WATR
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

BARGAIN BUYS
SO DeSoto 4 DR.. Tour. Sedan
IS DeSoto Airf1ow Sedan
IS DeSoto r. s. Coupe
SO Plymouth 4 DR.. Tour. Sedan
SO Plymouth r. s. Coupe
IS Plymouth 4 DR.. Tour. Sedan
IS Plymouth 2 DR.. Tour. Sedan
IS Plymouth Bus. Coupe
"a Plymouth 4 DR.. Sedan
"a Plymouth r. s. Coupe
80 Plymouth 2 DR.. Sedan
80 Plymouth r. s. Coupe
80 Pontiac 4 DR.. Sedan
80 Pontiac r. s. Coupe
IS Ford 4 DR.. Sedan
"a Ford 2 Door Sedan
"a Ford Bus. Coupe
SO Ford 4 DR.. Sedan
80 Ford DR.. Sedan
80 Ford Bus. Coupe
SO Chevrolet Express
IS Chevrolet DR.. Sedan
"a Chevrolet Bus. Coupe .
80 Chevrolet A DR.. Sedan
80 Chevrolet 2 DR.. Sedan
81 Chevrolet 4 DR.. Sedan
81 Chevrolet Roadster
"a Buick 4 DR.. Sedan
"a Terraplane 4 DR.. Sedan
"a Hupmobile 4 DR.. Sedan
80 Graham 4 DR.. Sedan
80 Oldsmobile 2 DR.. Sedan
80 Rockne Sport Coupe
81 Studebaker 4 DIR. Sedan
30 Studebaker r. 8. Coupe
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

Unusual. t'rogiiabie OplOrt ui,.
II.s offered daily oD tho Democrat
Want Page
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

~AnlIl AZ SALES
ONO'G0N and SERVICE
USED CARS OF MERIT
80 Plymouth 4 Door Tour. Sedan
IS Pontiac 2 Door Sedan
IS Cldsmobile g" Tour. Sedan
Cadillac LaSalle - Oldsmobile
5O4 WATERFOWL Ave. Dial 5-1l49
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

ALL MAKES OF USED CARS
STANDARD TAXI co.
81 Park Place Dial 5-ll6l
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05
Autos and Trucks For Sale

1884 PONTIAC 4 DOOR SEDAN
Beautiful In appearance. "a horse
power motor In excellent condition.
Al tires. A very desirable car.
1885 DODGE COUPE-Finished in
black. Looks like new. This car
has low mileage; tires are in very
fine shape. A real bargain.
THE
.HOTCHKISS MOTOR
co
"The House ot Confidence"
1926 WILLOW ST.
DIAL 3-3l77
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

80 CHEVROLET COACH 6 wire
wheels. New paint. Al condition
Will sell for reasonable price. Dial
1854.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05
For Rent Real Estate

EDISON AVE, 1873 IS rooms, End
floor, $50 month. Daniel j. Far
rell, 139 Elliot Ave.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-02-05

20 WELLES ST.-One-family house.
6 rooms $35
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
C. M. 7. c. QUOTAS
NOT FILLED HERE
Captain c. B. Sturges Coun-
ty Chairman for Enroll
ment for Summer
Encampment

Attention was called today to the
fact that Vance county's quota of six
for the 1887 Citizens Military Train
ing Corps encampment at Fort Bragg
was as yet untitled Captain C. B.
Sturges, commander of Company c of
infantry located here, is count y chair
man for enrolment this year, as he
has been for several seasons. Young
men interested in the encampment
were invited to consult Immediately
with Captain Sturges.
Early application is urged, so that
proper consideration can be given all
youths who wish to enroll for the
month of training.
The camp will be held at Fort
Bragg, near Fayetteville, from August
to September l. All necessary ex-
penses are borne by the government
and no future obligation is incurred
The announced purpose of the
camp is to promote good citizenship
among young men between II and 20
years of age ty affording them 80
days of military training, combined
with generous amount of recreation
and sport
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
PALESTINE FILMS
ARE BEING SHOWN
Stephen A. Haboush and
Wife in Afternoon and
Night Programs

Films and lectures on Christian
Palestine" make up the program given
this afternoon and again this evening
in the Henderson high school audlto-
rum by Stephen A. Haboush, native
Galilean, and author, lecturer and
traveller, and Madam Haboush.
There are also two assistants in the
party.
The afternoon program was for
school children, and given at 2:3O
o'clock Tonight's program will be at
7:30 o'clock sharp, it was announced.
Mr.. Haboush spoke at union serv-
ices of Henderson churches last Sun
day evening, and announced tOnights
program would start at 7:30 on time
because of the necessity of catching
a 10 o. m. train for the north.
Mr.. Haboush will tell of customs
and life in general in Palestine, and
will show talking movies giving the
story he brings.
The lecturer knows Galilee and Pal
estine as most North Americans never
can know them, because they are his
native land He knows them, too, as
a North American because this is the
land of his adoption He is the au-
thor of my Shepherd Life in Cali
lee," and brings to Henderson a true
story of Galilee and Palestine.
The performance Las been we'll pub
licized and a full house is anticipated
for the night program.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
Saws Center Line
. In Highway Is For
Bicycle Peddlers
Daily Dispatch Rureau,
In tho Sir Wafer Hotel
" 4 q RASk EVRVIIT.

Raleigh, May 7-"Do you know what
the black or white line in the center
of the highway is for?"
The question was asked to a big,
gangling Negro who had just applied
for a drivers license and who was
Being examined by one of the drivers
license inspectors. All applicants for
drivers license must answer a num-
Der of questions about driving, traffic
laws, highway signs and so forth, be-
fore their applications are approved
and licenses granted.
"Yowsa, I knows what dem lines is
fo'-dey is TO bicycles" the applicant
replied.
The applicant was given the pre-
pared list of questions and answers
and told to go home and study them
until he could answer all the questions
and then come back for another try
at the examination.
Our inspectors get many unusual
answers to the questions they ask the
applicants for driving licenses" said
Director Arthur Fulk of the highway
safety division of the Department of
Revenue. MANY of the annlicants
how a decided lack of knowledge Of
traffic laws and Of the most simple
rules of safe driving. AS a result, our
inspectors and the highway patrolmen
have rejected the applications of g.
1876 applicants for driving licenses
within the past year."
A few days ago Inspector M. J. Nc
Leod, in charge of office here where
applicants for driving licenses are ex-
amined, asked Negro applicant in
the course of filling out his applica-
ton:
"Have you any physical or mental
defects which might interfere with
your safe operation of an automo-
bile?"
The applicant scratched his head,
thought for minute or two and re-
piled:
mo sab, and I amt got no brothers
nor Sisters, neither"
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
FARM GROUP Will
co TO COOP MEET
State Cotton Association
ard Cooperative Elk
change Gather

Vance county is expected to send q
delegation of five or more farmers to
the combined annual meeting of the
State Cotton Association and the Far
mers Cooperative Exchange next
Tuesday. M. G. Mann in Raleigh, gen
eral manager of the two cooperatives
announced today on the basis of let
tiers he has received that at least that
many farmers from this county will
attend the sessions.
1t is expected that $500 farmers
and farm women, representing every
county in the State will attend the
meeting. which is to be held in the
City Auditorium, getting under way
at 10 a. m
CONGRESSMAN Harold D. Cooley, OF
this district, only North Carolina con-
gresham ever to serve on the House
Agriculture Committee, will be the
principal speaker.
DR.. Joseph G. Knapp, long connect
ed with the school of agriculture at
N. C. State College, now an official
of the Farm Credit Administration.
will discuss Farm Cooperatives Of
the Nation and What They Are Do
ing To Bring About a Better Day TO.
Agriculture"
Mr. Mann will give a detailed re-
port of the past years operations of
both the cotton association and the
Farmers Cooperative Exchange, and
the directors of both organizations
will be formally indicted into office.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
MANY RO7AR|ANS TO
ATTEND CONVENTION
Henderson To Be Largely
Represented at Pinehurst
Coming Week

Many Henderson Rotarians will at
tend the 57th district conference OF
Rotary international in Pinehurst next
Sunday and Monday, May and 10.
Rev. James A. Jones, incoming presi-
dent of the local club, is the official
delegate, but there will be many 9TH
ers, and some will be accompanied
by their wives at the meeting.
Abit Nix, Athens, Ca, attorney, will
be the official representative of Rot
airy international at the convention.
Mr.. Mix, a charter member of the
Athens Rotary club, is member of
the board of trustees of Mercer Uni
versity, of the Lucy Cobb Institute,
the Georgia State Teachers College,
and is national counsellor of the Boy
Scouts of America for the Northeast
Georgia Council. He was born in
Commerce, Georgia, in 1888; received
his education at the University Of
Georgia and at Harvard Law School.
Since 1913 he has been active in the
practice of law in Athens. Abit Nix
has held several high positions with
Rotary international, among them be-
ing that of director of Rotary Inter
national in 1882.
Beginning at p. m. on Sunday,
May 9, things will be humming at the
Carolina hotel, in Pinehurst, head
quarters for the conference. Starting
off with Sylvester Green, president Of
Cocker College, at that hour, there will
be on the program, during Monday
and Monday evening: Charlie Phillips,
VIM. A. Luke Jr., Abit Nix, the
Carolina Playmakers, Duke University
Glee Club, Joel Chandler Harris, Jr.,
Governor Clyde r. Hoey, and John B.
Kennedy, of radio fame There will
be plenty of singing. Pat Alderman,
Of Kinston, with Miss Sue Kyle South
wick, at the piano, will do the lead
ing. The conference will end with a
banquet and the governors ball on
Monday evening.
There will be a conglomeration of
prizes and gifts, and number of Ro-
tarians and Rotary AIMS are said to
be planning to bring along trailers in
which to haul prizes home.
The management Of the Carolina
hotel and the entire membership of
the Sanford Rotary Club, hosts of the
conference, are said to be sparing no
time and effort to provide for the ut
most in the way of comfort and en-
tcrtainment for the visiting Rotarians.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
PLEASE KEEP OFF
COURT HOUSE LAWN

Cooperation of the public has been
asked by those in charge of the work
On the Vance county court house lawn
to the extent of refraining from walk
ing on the lawn at anytime, especially
at this stage when the lawn has just
been seeded for grass, and turfing at
the front is still in a soft condition.
Plans call for the erection of a fence
Paving was pushed toGay on an adj
dition to the front walk.
The work being done there has
beautified the lawn considerably, and
he public is asked andurged to CO.
operate in keeping the law beautiful
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
MIDDLEBURG CHARGE.

MIDDLEBURG CHARGE.
Services at Tabernacle church at
II a. m. The Mothers Day sermon
will be "The Power that Rules the
World"
Services at brewery at 7:45 D. m.
The sermon will be ''The Glory of
Motherhood"
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
PATTERSON JAILED
ON WHISKY CHARGE

Duke Patterson, is in Vance county
jail in default of a $500 bond, await
ing trial by jury in county court on
charge of possessing illegal non
tax paid whisky.
Officers j. G. Champion, L. A. Jack
son and w. S. Strange took about
two and one half gallons of the illicit
whisky from Patterson last night and
lodged him in jail. Patterson called
for trial by jury through his counsel
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
REV. E.P. CARROLL
PASSES IN K|NST0N
Funeral Saturday Morning
at 10 O'Clock at Sacred
Heart. Raleigh

The Rev. Eugene p Carroll, form
err pastor of ST. Paul's Catholic
church here, and since leaving here
pastor at Kinston, died in hospital
there last night of double pneumonia.
He had been i'll for only few days.
Burial from Sacred Heart Cathedral,
Raleigh, at 10 o'clock Saturday, it was
stated today.
Rev. Carroll was quite popular here
during his stay at the church, and his
host of friends will regret to learn Of
his passing.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
CAN YOU ANSWER
THESE QUESTIONS?
See F0ge Four

/. Can professional athletes compete
in Olympic games?
2. How many time zones are there in
the United States proper?
3 On which street in London is the
Bank of England?
4. In which city is Independence Hall?
s. What is the A. N. P. A.?
6. In law, what is the name for.
formal written accusation of crime
against a person, presented by
grand jury?
7. In which city was the famous Libby
Prison located during the Civil
War?
6. What is another name for the
chickadee?
g Which is the first permanent tooth
in a human being?
10. Who was Acknowledgements Pre-
ault?
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07

a M;an william lamb BEarfield, both of Detro,+
wien; Joseph Barfield, of I DStroit,
%, IND; Cleveland Barfi ludiana.
Greenville, N c., and ono led Of
Mrs. Lucy Clark, of Hendor ~aughter,
surviving are two sisters Mr. S0 n1 Also
Puryear, of Snow Hill, and d. M " martha
ence Jones, of Scotland Neck lor-
The deceased was a membor
Greene county Baptist chr ra OF a
most of her life. 0Aurch for
The body will be taken to g..
county for funeral services ana G hi
near the town of Mau,v - ~ burial
Saturday. II d. m.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
LIQUOR SALES FOR
APRIL OVER $17, 900
Total for Four Months $65,OOO, Com
pared With Little Over
$4,000 Last Year

Sales of the lone ABC store in
Vance county in April amounted to
s17,854.5Ol it was announced today
from the ABC boards offices. This
compared with sales of $17,578.75 in
March of this year, and $13,555.35 in
April last year.
A tabulation revealed sales for the
first four months of 1887 as slightly
over S65,000 as compared with lit
tie more than $4,000 for the cores
ponding months last year.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
NEGRESS CONVICTED
BEFORE THE MAYOR

Julia Jordan, Negro, was convicted
of operating a disorderly house today
n city court before Mayor Irvine B.
Watkins, and prayer for judgment
was continued for two yeas upon
good behavior. The costs were order
ed stricken out.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07

Two Realty Deeds-Lora Helen Nc
Donald sold a lot on Vance street to
r. l.. Mustian for $40 and considera-
tons and Robert Shotwell and wife
sold John D. Cooper and wife a plot
of land on Oxford Road for $40 and
considerations in the only realty deeds
filed with the Vance Registry yester-
daV
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
MRS. BARF|ELD|S
CALLED BY DEATH
South Henderson Lady Is
Taken to Native County,
Greene, for Burial

Mrs. Josephine Barfield, native of
Greene county, in Eastern North
Carolina. died at o'clock Thursday
night at her home on Church street,
in South Henderson, after an illness
of about three weeks. She had lived
here about a year. She was the widow
of William Barfield, who died about
two years ago.
Surviving are four sons, Thomas
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-05-07
CARD OF THANKS

Bronetta Scott wishes to thank
everyone who cooperated in helping
her to win the beautiful watch in the
watch contest sponsored by the Cen
trail Colored School.
Evening star., 1937-06-19

ment or Q house redecorated, the men
come In early In the morning, and,
while they work in one room at q
time, we manage to travel from room
to room and stay under our own roof
while the paintings going on. This
Is because Of the advent Of one-day
painting.
The painters start At the crack Of
dawn, and by O'Clock in the after
noon two coats can be applied and can
have dried. That means hangings
and pictures can be put back In place
after supper, II you have the energy
for 1t.
One manufacturer has developed
a whole line OF one-day paints, some
for the walls and ceilings madc with
special oil that controls penetration
and keeps the film alive; one in an
enamel which Is especially good for
floors; one in furniture enamel and
another clear varnEh for woodwork
and unpainted floors. This last dries
in four hours, 30 you needn't be afraid
to walk across the room shortly after
1t has been vanished.
The walls and ceiling paint comes
in is soft petal shades and IL semi
gloss colors, while the floor enamel
Is made In 10 practical colors. The
enamel for furniture, especially note
worthy because 1t hasn't = repulhve
smell while 1t is drying, as so many
furniture enamels have, comes in 18
Evening star., 1937-06-19
BY DOROTHY DUCAS AND ELIZA
BETH GORDON.

III L II oOASDOINs
Rain, Rain. Go Away" is one chill
dren's song that can be echoed by
the grown-ups, especially II they hap
pen to be grown-up householders
For rain simply has to go away from
houses and not come back another
day, either.
When it rains do you get nervous
about leaks" in the roof or walls
Of your abode? II you do. why not
give yourself peace Of mind by ap-
plying a damp-proofing material to
your masonry walls, leaking roof, val
leys, cutters, leaders or pipes? You
will be glad to have spent the time
and money when the next heavy
storm breaks and your inner walls
show no tell-tale stains of moisture.
We have found a material which,
either in liquid or in plastic form,
acts as real plug for leaks. It
makes tight joint around fash
1ngs and copings, and is excellent for
filling in cracks In brick and stone
foundations; in fact you can put 1t
anywhere that puttylike consist
ency is needed. 1t goes on like butter
and can be spread evenly with a
trowel. Or in its other incarnation
it can be painted on with an ordi-
nary three-knot roof brush.
The holes in mortar or cracks In
stucco which tend to admit the rain
drops are closed by this material.
Yet it is decorative as we'll, for it
can be mixed with pigments and
made to match the color of your
house or to contrast with It pleas
Evening star., 1937-06-19
! ,;<>saszE]Q|EJClGNIEID,|EEGs|HAll a s|All HAl
IS; & = : llI;l2E noRR1|E|lXlN(JAf

antly after your own taste. It comes
ready mixed In either white OF brick
red.
Evening star., 1937-06-19
F. \. AS PROGRAM
PROTECTS LENDER
Federal Agency Proves Un.
biased Referee in Mort
gage Transactions.

In its capacity as third party in
the mortgage transaction the Federal
Housing Administrat ton is able to pro-
tect not only the borrower but the
lender as well from the dangers which
are inherent in mortgage lending,
particularly during periods when COM
petition for loans prevails.
The mortgage market has long
lacked an unbiased referee which
could establish proper balance be-
tween the demands of the borrower for
high valuations and low rates of in
terest and the desire of the lending
institutions for highly productive
loans and low loan-value ratios.
In most active building centers the
Federal Housing Administrations In
sured Mortgage System has come to
be recognized as fair and unbiased
referee between the contending parties
1t has brought long term, low interest
rate mortgages to the borrower. and
1t has protected the lender against the
mortgage shopper"
In all times of great building and
buying activity, when mortgage money
flows readily into home investments.
lending institutions come to compete
for the good mortgage business. The
keen competition for loans is often a
sound and healthy sign and makes
1t possible for borrowers to obtain
loans on highly desirable terms.
Unfortunately, the element of COM
petition sometimes develops unsound
mortgage practice. In their desire to
obtain share OF the business lenders
are prone to push valuations higher
than actual value warrants, and fail to
exercise due care in examining both
the collateral offered and the capacity
OF the borrower to pay. This failure to
use due caution in the making of
loans has. in past periods of acceler-
ated building, resulted in the making
OF a large number OF unsound
mortgages.
Many mortgages are now checking
the conclusions reached by their own
Valuators against those established by
Federal Housing Administration valu-
ators and appraisers. They are using
the Insured Mortgage System as a
referee
The result of such a procedure is the
making OF loans which are fair both
to the borrower and to the lender.