Evening star., 1938-10-22
TAX PROBLEMS
TO Be DEBATED
Realtors to Weigh Chain
Store and Homestead
Exemption Levies.

Presentation of both pros and cons
on two controversial current ques-
tions of public policy, proposed anti
chain store taxation and homestead
tax exemption, will be made at the
coming annual convention of the
National Association of Real Estate
Boards in Milwaukee November 9,
10, II and IL.
To give itself an externally pre-
sented picture of the meaning OF
chain stores in our economic life and
OF the effect on our cities of pro-
posed legislation that would penal
lie interstate corporate chains, the
association has invited to address its
general sessions on this whole sub
ject two men: Paul H. Nystrom, pro-
lessor Of marketing, Columbia Uni
Versity, former president of the Amer
ican Marketing Society and author Of
Economics in Retailing" who is pres
ident of the Limited Price Variety
Stores Association, and Wright D.
Patman, member of Congress from
Texas and author of the proposed
penalizing legislation.
They will speak at the opening
general session of November 9.
DR.. Nystrom. former acting chair
man of the Retail Code Authority. is
chairman of the Federal Advisory
Board for Vocational Education.
Homestead Tax Exemption.
A discussion presented in the same
way is scheduled as to tax exemp-
ton for homesteads, some measure
OF which within very recent years
has come into effect in II States.
implications of such a measure on
the general tax structure and on So
cial economy will be explored, pro
-and con, by Carl Taylor, Milwaukee,
executive secretary of the Wisconsin
Building & Loan League, and Gra-
ham Adds of Chicago, president of the
Chicago Association of Building Own
ers and Managers. They are to talk
on November 10.
In Wisconsin a proposed law set
ting up combined overall limita-
ton on the real estate tax rate and
homestead tax exemption, a meas
ure supported by the State building
and loan group, is expected to be in
'troduced in the 1889 session of the
State Legislature.
AS previously announced, Nathan
Straus, administrator of the United
States Housing Authority, will make
an important address on the real es-
tate management problem faced in
public housing at the associations con-
vention sessions of November 10. On
the same day Donald H. McNeal,
deputy for the general manager of H.
O. L. c. in charge of appraisal and
reconditioning, will speak on the re-
Mobilization of blighted areas.
Baltimore Action Is Sample.
The Federal Home Loan Bank
Board and the H. o. L. c. have lust
announced the backing they will give
to large-scale experiment in neigh
borhood rehabilitation in Baltimore.
They state the readiness of these
agencies to enter like plans in other
cities for cooperative action of neigh
borhood real estate owners and lead
ing institutional mortgages with pub
~AS oSSAiSACo 1oA IllS plOGeCGlOu anu
reclamation of sound residential areas
threatened by encroaching blight.
In Baltimore, where the project will
have the leadership of a local COM
mittee representing various civic and
sen1i-civic groups, test survey is to
be made, backed by the United States
Housing Authority and for which
funds will be sought from the Works
Progress Administration, under H. O.
L. c. cooperation, to give foundation
facts for rehabilitation plan for a
district embracing so square blocks.
Essential information would include
ascertalning the principal mortgage
holders in the area. The Baltimore
Housing Authority announced the sur
'cN which locks to a 'redesigned
nelghborhood' for district having in
1t now about 1000 homes.
Maurice R. Massey PHILADELPHIA.
vice president of the American Insti-
tute OF Real Estate Appraisers for the
Central Atlantic region, will address