The Waterbury Democrat., 1939-07-07

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 Confidential reports are that he has moved big guns through his new kingdom of Albania. to the Greek border, and is ready to put the squeeze on that small country. The reported plan is to give the Jugoslavs their long sought out let to the sea at Salonika while Benito slices out other chunks of Greece for himself.
 S1O HOMES
 How would you like to get brand new $3,000 home for $l0?
 It's no joke. It actually hap pened in Lynchburg, Va, home of Senator Carter Glass, and the Federal Housing Administration is Investigating to see that it hasn't happened elsewhere.
 Two ingenious builders, Cary Minnick of Lynchburg and J. s. Sears of Appomattox, were the master minds of the remarkable low-cost housing coup. The FILA doesn't think much of their scheme, now that 1t has been dis covered, but 1t sure was good gravy while 1t lasted.
 Tn June, 1888, Minnick and
 Sears started small -home de-
 vel0pment on Pocahontas street, on land owned by the Peoples National Bank of Lynchburg. Soon the Virginia FILA office in Richmond began receiving ap- plicatiOns for government- guar. anteed mortgages to finance con struction of houses raging in price from $3000 to $350O. The applications appeared to be in legal order, and were accom- panied by the necessary receipts showing that the applicant had made the 10 per cent cash down payment required by law.
 In the course of the next ten months, some 40 applications to- taling $140,000 were received and construction was begun on 30 houses. Not in years had Lynch burg enjoyed such a building boom. But n May of this year, FILA authorities got a rude awak- ening.
 From flock of affidavits placed in their hands, they discovered that the only money some of the applicants had paid down was $l0 to cover appraisal fees. In other words, they hadn't paid cent on the houses. The receipts showing that they had were phoney.
 Greatly agitated, c. C. Barks-
 dale, State FILA Director rushed to Lynchburg and went into
 conference with John M. Victor,
 president of the Peoples Bank
 which had handled the mort
 gages. What transpired between
 them is not known, but that
 same day Sears forked over to
 FILA $6,250 to cover the 10 per
 cent deposit on $82,5OO worth of
 homes, whose mortgages had
 been insured by the FILA through Vict0r's bank.
 Beyond that no action has been taken. The homes are all occupied and presumably their occupants are paying their carrying charges. Should any get in arrears and the bank foreclose, 1t can call on the FILA, under the government-guar- anteed mortgages, to make good the loss.
 NOTE-FHA's loss record to date is infinitesimal. Out of more than 400, 0,000 guaranteed mortgages totaling over $2,000. 900 900, 1t has had to make good only $204,00O. Forty indictments, sixteen recently in Los Angeles, have been ob- tained by FILA against realtors who have violated the law. NO LABOR PEACE
 Despite Secretary Perkins airy belief in an early peace between AFL and CIO, real fact is that there isn't a chance for resump- ton of the negotiations 50 long as Congress Is in session and the is- sue of amending the Labor Re- lations Act Is under consideration.
 The two union camps arc at dagger's point over this. and are too busy battling on Capitol Hill to talk amity. Miss Perkins Is going to have to do e lot more than Issue cheery statements to get them together.