Evening star. [volume], November 30, 1934, Page A-4, Image 4

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
Federal Insurance of Mort
*
gages to Full Cost an
Inducement.
By the Associated Press.
The Federal Housing Administra
tion today invited private capital to
step Into the low-cost urban housing
picture, with the inducement of Fed
eral insurance of mortgages up to
the full cast of the buildings.
The invitation was based on a new
Bet of regulations for insurance on
such projects, issued by James A.
MofTett, housing administrator, and
the move generally was interpreted
as further clarifying the housing sit
uation over which MofTett and Sec
retary Ickes clashed last week.
MofTett's rules definitely defined
the low-cost housing field into which
he hopes to bring private capital.
President Roosevelt made clear Wed
nesday that the Government in
tended to help those whose pocket
books were too slim to build their
own homes.
The Chief Executive's announce
ment was interpreted to mean, how
ever. that the Federal funds would
not be thrown into competition with
private capital. Thus both the Ickes
and MofTett plans would be kept from
colliding.
Full Insurance Plan.
The Housing Administration's an
nouncement held out the hope in
some instances of full insurance of
mortgages on the second of the two
classes of property with which it
deals, namely, "properties comprised
in low-cost housing projects occupied
by a large number of family units,
in either one building or a group of
buildings."
Previously it had issued regulations
on "properties occupied by one to
four family dwellings," providing in
surance up to 80 per cent of the
value of property on mortgages not
exceeding $16.000.
In the announcement, the admin
istration said:
"Long-time mortgage loans on low
cost housing projects up to the full
value of the buildings, exclusive of the
land, which must be unincumbered,
may be insured under section 207 * * *.
"Capitalization of low-cost projects
is limited to actual investment by the
stockholders On this they may re
ceive regular annual dividends not to
cxceed 6 per cent and special disburse
ments not to exceed 2'2 per cent a
year, provided an amount equal to
that paid in such special disburse
ments is returned to the tenants in
the form of rebates or rent.
Accumulation ot timings.
"Earnings in excess of regular 6
per cent dividends and 2!2 per cent
special disbursements to stockholders
and tenants must, under the rules
governing insured mortgages, be al
lowed to accumulate for distribution
to the tenants at such times and in
such amounts as the administrator
in his discretion shall determine."
It was further provided that no
capital stock can be retired during the
lifetime of the mortgage, which may
run up to 20 years.
The low-cost housing corporations
may be financed either by private cap
ital or by municipalities or States, or
the Federal Government. Rents,
charges, capital structure, rate of re
turn and methods of operation may
be regulated by the administrator.
In further defining its rules, the
Housing Administration said:
"No applicant or proposed applicant
need be represented by professional
advisers or by any Washington rep
resentatives and any statements to
the contrary should be ignored. The
payment by any applicant to any such
edviser or representative of any fee or
commission upon a contingent basis
for services in connection with the
submission of its application is dis
epproved."
To obtain insurance in excess of 80
per cent of its value, it was stated, a
property must be exceptionally well
located, the corporation must have at
least 3 per cent working capital and
en equity in the completed property
cf at least the value of the land.
The basic test, for determining the
Insurability of a mortgage, it -was
Bdded, will be the social and economic
fcoundness of the project rated on the
following basis:
Social and economic trends of the
community as a whole and of the
neighborhood in which the property
Is located.
Satisfactory corporate structure and
ether legal considerations.
Physical structure of the building or
buildings.
Design and livability of structures.
Pattern of mortgage, value of proj
ect, capital structure, probable income
fcnd expense, credit of borrower,
method of financing.
Management, supervision and ac
fcounting of project after completion.
Present and probable taxes and
bonded debt of the community in
Which the project is located, probable
trend of zoning legislation and legis
lation affecting the rights and rem
edies of debtors and creditors also will
be considered.
Commissioner Buys Seals
Commissioner Melvin C. Ha2en photographed in his office early today
as he purchased tuberculosis Christmas Seals from little Mary Ellen
Srandiford, who is accompanied by Mrs. Ernestine Strother, a vistlng
nurse. —Star Staff Photo.
ROOSEVELT OPENS fc
CONFERENCES ON
HOMES PROGRAM
(■Continued From First Page )
attacked with infantile paralysis. He
said he discovered early that swim
ming was very beneficial, particularly
swimming for long periods in warm
water. He recounted how he heard
about the benefits of Warm Springs
and how he first came here 10 years
! ago and how he improved. He at
tributed this improvement to the
medical qualities in the water. He
said he would like to come to Warm
Springs oftener, but his public life
made that impossible, but he was de
termined that nothing would inter
fere with his coming here each year
for Thanksgiving.
In a brief review of the springs
and surrounding country, the Presi
dent recalled that years ago Indians
learned of the healing qualities of
these waters. They would journey
I long distances, when wounded or sick,
! to come to Warm Springs, and even
I when they met up with Indians of
j hostile tribes, there was no fighting
while at the springs. Because of
■ this the President described the
! springs as "a sanctuary from the wars
' of mind and body."
Cheered by Guests.
The President spoke extemporane
ously and was loudly cheered at in
tervals. When he had concluded, he
and Mrs. Roosevelt took positions in
the main door of the hall and shook
hands with every one as they passed
on out.
The president made a brief speech
, at the ceremonies incident to the
dedication of the two new building
units. He said that "to these build
ings will come, we hope for many gen
erations, people—especially children—
who will be greatly helped along the
road to life."
He said also:
"Warm Springs is doing much for
them today, but even in the future.
Warm Springs can never expect to
give help here to more than a small
fraction of those who need help.
Ours, therefore, must ever be the
greater aim—to maintain here the ex
ample of the right way of giving help
so that throughout our land other
groups and other buildings may carry
the torch to the handicapped and crip
pled wherever they may be.
"You, the builders, have our grate
ful thanks, for you have built on solid
foundations for all the years to come."
Teachers Charge
2-Fealure Shows
Degrading Movies
Say Indésirable Films
Presented With Ap
proved Subjects.
The policy of two movies for the
price of one may be all right for the
ater-goers, but not with a special
committee of the National Council of
Teachers of English.
Charging that motion picture ex
hibitors who show "undesirable and
inappropriate" pictures on the same
bill with recommended features are
hampering efforts to raise public
taste in movies, the committee urges
the following innovations:
That the double-feature policy be
abolished.
That programs be unified so each
will consist of a single feature plus
appropriate short subjects.
That neighborhood theater week
end programs be planned to meet uie
needs of family groups.
That undesirable advertising trail
ers be eliminated.
That more informational and less
sensational trailers be substituted.
»
DISMISSAL OF WELFARE
WORKER IS PROTESTED
N. R. A. Lodge Demands Re
instatement of Mrs. Myra
Callas.
N. R A. Lodge, No. 91, American
Federation of Government Employes,
today filed a formal protest against
the dismissal of Mrs. Myra Callas
from her position as case worker on
the staff of the Southeast division of
the Emergency Relief Division of the
Board of Public Welfare.
The lodge claims she was dis
charged without being told why and
without a hearing, and demands that
she be reinstated.
Copies of the resolution were for
warded to Commissioner Melvin C.
Hazen, Elwood Street, director of
public welfare; Harry L. Hopkins,
Federal emergency relief adminis
trator. and William Cleary of the
District emergency relief.
=
District Association Hopes
to Sell 15,000,000—Spot
Map Shows Deaths.
Ghen the official approval of Prés
ident Roosevelt, Secretary Ickes and
the Commissioners, the annual sale of
Christmas Seals, sponsored by the
District Tuberculosis Association, got
under way today.
The association hopes to sell 15,
000.000 of the penny seals, the pro
ceeds of which will be used to finance
a more extensive fight to check the
ravages of tuberjulosie here.
A large number of the seals have
been mailed out to the public along
with a letter from Dr. William C.
White, president of the Tuberculosis
Association, making an appeal for
public support. The letter also con
tains a spot map showing the number
and location of more than 600 deaths
from tuberculosis in the District last
year.
The various services carried on by
the association with funds from the
sale of the seals include free X-ray
and tuberculin examinations of chil
dren, trained nurse service, care for
tuberculous children at the Summer
camp here, free public lectures and
literature on the prevention of the
disease, medical research as to better
methods of care and prevention and
efforts to provid· more adequate hos
pital facilities.
In a letter to Mrs. Ernest R. Grant,
executive secretary of the Association
for the Prevention of Tuberculosis In
the District, the District Commisioners
said:
"The Commissioners are informed
that you are about to begin your an
nual sale of Christmas seals in the
District for the financing of your
work .n the prevention of tuberculosis.
This work is of vital importance to
the general health of the community,
and I deem it my duty and privilege
at this time to join with my associates
in commending to all our citizens
ι the program of health service in the
prevention of tuberculosis, which is to
be continued during the year 1935 by
your association.
"A still rising death rate from this
disease in the District can be checked
with proper attention to health regu
lations and precautions employed by
our public and private health agen
cies. For the financing of the work
of your association, the chief reliance
is again, as in many years past, an
nua! sale of the penny Christmas seals
issued by the National Tuberculosis
Association for the whole country.
"The Commissioners express the
hope that all citizens of the District
who can do so will buy and use the
Christmas seals and in other ways aid
the objects for which they stand."
The letter was signed by Commis
sioner Melvin C. Hazen, president of
the board.
STUDENTS AT LS1).
ΠΑΝ OWN PAPER
Consider Independent En
terprise in Fight Against
Huey Long Dictatorship.
Br the Associated Press.
BATON ROUGE, La., November 30.
— "Reveille" went unanswered at
Louisiana State University yesterday
and there were prospects students may
publish and finance an Independent
newspaper to escape Senator Huey
Long's dictatorship over the university
press.
The editorial staff of The Reveille—
seven students—had resigned rather
than submit the columns of the paper
to a faculty censorship Invoked to
prevent criticism of Long.
Samuel A. Montague, president of
the Journalism students, and one of
26 suspended for protesting the "gag"
on the paper, said he had been told by
Dr. J. M. Smith, president of the uni
versity, that he would have no objec
tion if the students published an in
dependent newspaper.
The Thanksgiving holidays threw a
quietus over a ruffled campus situa
tion which followed the closing of the
paper and a strike of the more than
400 students of the Journalism school.
ALUMNI WILL MEET
South Carolina Group to Hear
Secretary Monday.
The Washington Chapter of the
University of South Carolina Alumni
Association will have Barney Early,
alumni secretary of the university, as
the guest speaker at its meeting Mon
day in the University Club, it was
announced today by Charles M. Gal
loway, president of the local group.
The progress of the alumni mo\e
ment and suggestions for buildin·; up
the local chapter will be outlined by
the speaker. After his talk. Early
will preside over a round-table discus
sion and answer questions relative to
the university's activities.
fi?
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PEOPLES DRIG STORES
Clean-Up Price on
TURKEYS
25c
per pound
While the Remaining Stocks Last
Due to the unfavorable weather that pre
vailed before the Thanksgiving Holiday, and
other conditions beyond our control, we still
have a limited supply of Turkeys left in most
markets.
For quick sale of remaining stock we are
offering them at 25c per pound today and
tomorrow. t
In the event you dined out on Thursday,
you'll surely want one of these fine Turkeys
for Sunday's dinner.
Ask our Market Manager to assist you in
selecting one that will suit your needs.
All Subjected to Remaining
h Stocks in Our Markets.
SflniTflRY pioglv ujigglv
I FOOD
STORES
\
°PP ose Huey
EDITORS REFUSE "KING
FISH" CENSORSHIP.
Here are four student editors of
the Louisiana State University
Reveille, who resigned rather than
accept a censorship designed to
prevent publication of attacks on
Sentor Huey (Kingflsh) Long. The
editor, Jesse H. Cutrer, Is at the
top, left. His assistants are Bruce
Denbo (top, right), Cal Abraham
(bottom, left) and Carl Corbin.
Twenty-six students who petitioned
for their reinstatement were
suspended on November 27, a move
that was followed by a general
strike of all School of Journalism
students in L. S. U. November 28.
—A. P. Photo.
Flower Ban Removed.
Belfast, Northern Ireland, has re
moved its ban on flower sellers.
Mirrors γ„„,τό„,„ '
• Consult us for suggestion· and I
•ketches for reflected effect· In
your living room, dining room, 1
Jibrary and hall.
• Restoring Art Object· and Or· :
namental platter.
LOMBARD & LUDWIG, Inc. j
1428 Church St. N.W. DE. 2190 '
Through Sunday,
December 2nd
TURKEY MOULD
INDIVIDUAL
MOULDS
( Assorted)
Turkeys, Pumpkin*,
Fruiti and Flowers,
Ear οέ Corn
Autumn Leave·, Etc.
Special Price,
$1.75 Doz.
2 Doz. or More,
$1.50 Doz.
1.25
12 to 14
Serving*
Made of Citxoljte ind Vanilla Ice Cream »v.k
red trimmings. Two delicious flavor*.
NESSELRODE
ICE CREAM CAKE
Neiirlrtde Puddinr. Mocha and
Vanilla Ice Cream. Assorted
Fraits and Nets. New England
Ram FlatT*rinr.
$1
.00
η to 10
SerTlnn
Nfsselrod· Pudding at your Dealers In bulk. Also Pint combination
packages or Neaselrode Pudd.nl. Vanilla and Mocfia Ic· Cream.
Orders Received Up to 5 P. M.—Delivery Same Day.
COLONIAL ICE CREAM
L COMPANY
Makers of Wadrex Ice Cream
For Your Nearest Dealer Phone ATlantic 6000
χ...·. ?
EISEMAN'S
Seventh and F Streets
SUITS AND
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i
WAR-TORN BOLIVIA
GETS NEW CABINET
Sorzano Aiki Co-operation of
Nation After Deposing
Salamanca.
Br the Associated Press.
LA PAZ, Bolivia, November 30.—A '
new cabinet began to direct the af
fairs of war-torn Bolivia today.
All government authority was sur
rendered last night to Jose Luis
Tejada Sorzano, Vice President, whose I
daring coup d'etat of two days ago
forced the resignation of President
Daniel Salamanca.
In a brief statement after the Sala
manca cabinet had resigned, Sorzano
pleaded for co-operation of the nation,
in view of "present problems," and
said the army's only concern was the
welfare of the nation.
"My first word is directed to the
army, which symbolizes the nation,"
he said, "In order to express confi
dence and the assurance that it will
not fail In any effort to defend the
honor and sovereignty of the re
public."
PARAGUAYANS CELEBRATE.
Bolivian Troop· Reported Retreating
Following Coup.
ASUNCION, Paraguay, November
30 ^.—Paraguayans celebrated to
day an announcement of the govern
ment that Bolivian troops were in re
treat along all fronts of the Chaco
Boreal.
Gen. Jose Estigarribla, commander
in chief of the Paraguayan forces,
claimed the capture of many troops.
The recent overthrow of the Bolivian
government led to confident predic
tions here of a speedy termination of
the war in Paraguay's favor.
Harness—Saddlery—Trunks—Lu*·
face—Repairing: of Λ0
Leather Good*
G. W. Kins, Jr„ 511 11th St. N.W. 1
Repair Parts
For Furnaces and Stores
Almost All Make»
During the rush period of Novem-1
ber it la Impossible to take stove I
repair orders by telephone. J
Fries, Beall and Sharp
734 10th St. N.W. Natl. 1964
[
You can always ret what
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LUMBER
AND
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at "The Family Lumber Yard"
Our yard l« filled With
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remodeling and repairing
You can always get what you
need at J FRANK KELLY.
THE FAMILY LUMBER
YARD No matter whether
you need one board or a
thousand, we'll see that your
order receive* prompt, per
sonal attention. Free delivery
jn any amount.
Phone Mr. Jack for estimate·.
.FRANK KELLYAr
Κ
LUMBER—MILLWORK
Sl'/i 1 fteorcia Avenue
NORTH 1311
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m
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Par 50c a Week
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SUITS —in single and double breasted effects
made up in very high A .50
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OVERCOATS-^·? the soft, fleecy weaves;
single and double
breasted. Smart as art can design and S>^ Q -5U
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OVERCOATS —the dressy Chesterfield
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New Mark Cross Gloves
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Mark Cross Gloves—known the world over
as the finest in hand-wear—exclusively 5*2-75
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Foot Saver Shoes $10
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here in Washington.
Enjoy the convenience of a Charge Account
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The Mode—F at Eleventh
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