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Newspaper Page Text
The repofHtself makesttfe meaning of this remark clear, for
' the commission's investigations led td the discovery that some sup
posedly respectable people' own property that is knowingly -leased,
for frnmoral purposes. " ,f. ' ' '
' Under the caption "Owners and Real Estate Agents," the offi
cial report of the Vice Commission savsf'
"THE COURT RECORDS SHOW THAT PRACTICALLY
NO EFFORT HAS BEEN 'MADE DURING THE PAST
THREE YEARS TO PROSECUTE OWNERS AND REAL ES
TATE AGENTS WHO ARE LEASING AND RENTING
PROPERTY FOR IMMORAL PURPOSES. THE LAW AF
FECTING THESE PERSONS IS A DEAD LETTER.
"The reasons for this "are very apparent, first, the indifference of
the public, and second, but perhaps the most; vital, is because SUCH
PROPERTY BRINGS AN -EXHORBITANT RATE 'OF IN
TERESTON THE CAPITAL. INVESTED.
''These artificial values' in the last analysis are the basis of a
great many difficulties in" connection with the problem of the social
evil. It was shown that the main reason why it is so -difficult to
suppress prostitution in cennection with saloons was because of the
enormous profits which are made from drinks in the rear rooms and
from the rental of rooms over the saloon. The same argument ap
plies to assignation hotels.
' "This difficulty is very apparent when erttire houses or apart
ments are rented outright for this purpose. On the West Side there
are a number jof properties which are practically worthless for legiti
mate purposes. A business man endeavored tobuy a lot on which'
was erected a. frame building which "was being used .as a house of ill
fame. The Jot isO'feet and the 'owner was offered $36,000, per front
fqot. He declined to sell,' saying that he was securing an income on
a vajue of $700vper front foot, and that he would not sell even for,
that amount. i
"In another instance a lot was held for $450 per front foot when
its legitimate value was only $350.
"In still another case a lot was held for $850 per front foot when
its appraised value by an expert for legitimate purposes was
only $500. i -
"The amazing part of the whole matter is that while these prop
erties are so valuable to the owner, the taxes on them are practically,
nothing in comparison. The assessments are on a legitimate basis.
. "There is another side to the story -also. While these properties
are increasing in value, without a cent of expense on the part of the
owner" in imprpvementsj the property in the neighborhood is de
creasing, or at a standstill.
"THE COMMISSION.HAS SECURED A LARGE LIST OF