Evening star., 1950-11-14
Maybank Tells
Realtors Credit
MayBeEased
Controls Imposed
Purely for Defense,
Senator Declares
BY Robert J. Lewis
Sfnr Sfnff Corraspondenf

Star Stoff Correspondent
MIAMI BEACH, Fla, Nov. IA
Chairman Maybank of the Senate
Banking and Currency Committee
today told the Nations realtor.
he believes Government mortgage
credit curbs may be modified
In the future in order to permit
greater volume of housing.
Speaking before the opening
general session of the convention
of the National Association OF
Real Estate Boards here, the
South Carolina Senator assured
real estate men who have been
critical of recent housing restric-
tions that the Government acted
purely in the interest of national
defense"
Promises Action for Nation.
He said the realtors had his
promise that as chairman Of the
committee which handles housing
legislation he would see that the
regulations were carried out "ir
the interest of the country and not
in the interest of any employees OF
the Federal Government"
ut is private interests that pay
the taxes and make possible 9
great system of free enterprise
and it is the duty of their repre-
sentatives in Washington to main
tain this relationship between in
dustry and those who may be
appointed to some job by the
Executive Branch of the Govern
ment."
The Banking Committee chair
man said that as time went by
the present controls must be
watched closely. Il am sure" he
said. that the credit controls will
e sbe modified from time to time on
the basis of actual experience, in
order to enable the housing in
duStry to make the greatest posi-
BILE contribution to our civilian and
defense needs"
Oppose Controls in Peace or War.
Earlier, the realtors indicated
they would oppose continuance ef
Federal rent controls even though
the United States should become
involved in a third World War.
Robert P. Gerholz, president of
the National Association. said the
realtors view that rent controls
must be allowed to expire this year
would not be changed even in the
event Of all-out war.
Questioned on the point at a
press conference yesterday, MIR.
Gerhoiz said that if World War
III should occur, the association
would favor local action only
in connection with cases Of rent
gouging.
so Attend From District Area.
I'VE must end Federal rent con-
troll for all time in this country"
he said. st don't believe any
controls of any kind have ever
solved any problem anywhere"
Fifty Washington area delegates
are attending the realtors sessions
here.
Shaping up also. it appeared,
was a strong battle over how funds
will be raised for a proposed multi
million dollar "own your own
home" campaign by the organized
real estate dealers. Conceviably,
such a program could oppose pub
lie housing and other measures.
Walter S. Dayton, who heads a
committee which will present the
proposal in detail this week, con-
ceded today that a plan to assess
members $25. plus SIS for each
salesman, during each of the next
three years had run into opposi-
ton.
Preliminary Plans Ready.
AS outlined, the assessment pro-
posal would raise ST million a yeal
in 1851, 1852 and 1858.
Preliminary plans for the cam
paign, about which little has been
said up to now, already have been
worked out by Benton 81 Bowles
a New York advertising firm, a
committee source said. The firm
was founded by Chester Bowles
and Senator Benton. Democrat, OF
Connecticut. but neither has an
interest in it now.
Under the Dayton proposal, ef-
fort would be made by the realtors
to cite in" their campaign with
"other industry groups" so that
about So million a year for each
Of three years could be spent in
radio. magazine, newspaper ano
other advertising Of this amount
a third would be provided by the
realtors.
Contests Would Be Held.
Augmenting such means o1
reaching the public would be con-
tests with awards to students ano
architects" short movies and use
of other media, plus IAN able
press and publicity SERVICE" the
committee said.
Opposition to the project cen.
ters SO far among realtors ir
larger cities where member firm:
handle relatively few Residential
sales.
The Chicago board is opposing
it on the grounds it would moi
benefit the realtors who do moi
handle residential sales. Boards
in New York City and West.
chester County, N. Y, also are
known to oppose the plan.
At session yesterday, Calvir
K. Snyder. secretary of the re.
altors Washington Committee
which handles relations with Con.
gress, told delegates they mus
get busy and talk to their Con
gressmen in opposition to rem
controls.
z New PoIio Cnses Rnise