Evening Star Newspaper, November 30, 1934, Page 4

THE EV. CAPITAL INVITED BY HOUSING PLAN 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 cost of the buildings. The invitation was based on a new | get of regulations for insurance on | such projects, issued by James A. Moffett, housing administrator, and the move generally was interpreted as further clarifying the housing sit- | uation over which Moffett and Sec- retary Ickes clashed last week. Moffett’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 Moffett 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 morigages not exceeding $16,000. In the announcement, 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 {s limited to actual investment by the stockholders. On this they may re- ceive regular annual dividends not to exceed 6 per cent and special disburse- ments not to exceed 2'» per cent a year, provided an amc equal to that paid in such special disburse- | ments is returned to the tenants in the form of rebates or rent. Accumulation of Earnings. “Earnings in excess of regular 6 | per cent dividends and 2i, 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 .\dmmmnmr in his discretion shall determin 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- | jtal or by municipalities or States. or | the Federat 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 | adviser or representative of any fee or commission upon a contingent basis for services in connection with the submission of its application is dis- approved.” To obtain insurance in excess of 80 per cent of its value, it was stated, a roperty must be exceptionall located, the corporation must have at | least 3 per cent working capital and an equity in the completed prope: of at least the value of the land. The basic test, for determining the Insurability of a mortgage, it was| added, will be the social and economic | boundness 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 propeny s located. Satisfactory corporate structure and | other legal considerations. Physical structure of the building or‘ buildings. ; Design and livability of slrurlurs= 1 Pattern of mortgage, value of proj- ect, capital structure. probable mcoms and expense, credit of borrower, method of financing. Management, supervision and ac-| tounting 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. the admin- | Good Credit Consolidate Your Bills, Pay Them All and Keep Your Credit Good $6,000 $500.00 It is not necessary to have had an Ac- count at this Bank to Borrow. THE MORRIS PLAN BANK' Under Supervision U. S. Tnn.'wy 1408 H STREET, N, W, |ROOSEVELT OPENS | swimm | water. Commissioner Buys Seals Commissioner Melvin C. Hazen photographed in his office early today as he purchased tuberculosis Christmas Seals from S-andiford, who is accompanied by nurse. € CONFERENCES ON ° HOMES PROGRAM ___(Continued From First Page.) attacked with infantile paralysis. He | said he discovered early that swim- ming was very beneficial, particularly g for long periods in warm 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 | committee of the National Council of - | Teachers of English. made that impossible, but he was d termined that nothing would inter- | fere with his coming here each year for Thanksgiving. In a br and surrounding country, the Presi- dent recalled that years ago Indians | taste in movies, the committee uiges learned of the healing qualities of these waters. They would long distances, when wounded or sick, to come to Warm Springs, and even when they met up with Indians of 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. Roesevelt 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. Ou 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 roups and other buildings may carry | inappropriate” f review of the springs|bill with recommended features are journey | little Mary Ellen Ernestine Strother, a visting —Star Staff Photo. Mrs. Teachers Charge 2.Feature Shows Degrading Movies Say Undesirable 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 Charging that motion picture ex- hibitors who show ‘“undesirable and | pictures on the same | hampering efforts to Taise pubic | the following innovations: That the double-feature 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 iie needs of family groups. That undesirable advertising .rail- ers be eliminated That more informational and less | sensational trailers be substituted. DISMISSAL OF WELFARE WORKER IS PROTESTED Re- | policy be | N. R. A. Lodge Demands instatement of Mrs. Myra Callas. N. R. A. Lodge, No. 91, American Federation of Government Employes.j today filed a formal protest against the dismissal of Mrs. Myra Cnllnsv from her position as case worker on | | the staff of the Southeast division of | 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 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 foundations for all the years to come.” | District emergency relief. markets. . For quick sale of remaining stock we are offering them at 25¢ per pound today and tomorrow. | In the event you dined out on Thursday, you'll surely want one of these fine Turkeys Clean-Up Price on TURKEYS 2 SC per pound While the Remaining Stocks Last Due to the unfavorable weather that vailed before the Thanksgiving Holiday, and other conditions beyond our control, we still have a limited supply of Turkeys left in most tor Sunday's dinner. Ask our Market Manager to assist you in selecting one that will suit your needs. All Subjected to Remaining Stocks in Our Markets. { SANITARY-PIGGLY WIGGLYsi: } | our public and private health agen- NING STAR, WASHINGTON, CHRISTMAS SEALS CAMPAIGN BEGINS District Association Hopes to Sell 15,000,000—Spot Map Shows Deaths. Given the official approval of Pres- 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 & more extensive fight to check the | ravages of tubergulosis 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 & 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 provide 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 in 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 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 cies. For the financing of the work of your association, the chief reliance is again, as in many years past, an- nual 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. ease-carrying D CRACK-SHO For NEURITIS Here's guaranteed relief from all pains rheumatism, neur neuritis, headaches, aching sore strained mus- etc. family remedy is a green vanishing liquid, free from oil or grease. Not only is it sure rel from all unequaled for y, disea feet, foot odors, athletes foot, etc. RMc $2:89%¢ RoBENE SIZE rzoru:s nnn s'roln ROACH DEATH pre- D. C, FRIDAY, NOVEMBER 3 STUDENTS ATLS. PLAN OWN PAPER Consider Independent En- terprise in Fight Against Huey Long Dictatorship. By the Assoclated 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 ruffied 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, 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 move- ment and suggestions for building up the local chapter will be outlined by the speaker. After his talk, Eariy will preside over a round-table discus- sion and answer questions relative to the university's activities. INDIVIDUAL @ MOULDS (Assorted) Turkeys, Pumpkins, Fruits and Flowers, Ear of Corn Autumn Leaves, Ete. Special Price, $1.75 Doz. 2 Doz. or More, $1.50 Doz. Nesselrode Pudding at your packages of Nesselrode Pudd. Orders Received Up to COLONIAL NSNS NS N NN AN NN N\ A\ AN N\ AN addr Washington's leading clothier, 7 alumni secretary of the university, as | Oppose 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 (Kingfish) 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 y.. ore ® Consult us for suggestions and sketches for reflected effects in your living room, dining room, Jibrary and hall. ® Restoring Art Objects and Or. | namental plaster. LOMBARD & LUDWIG, Ine. TURKEY MOULD Made of Chocolate and Vanilla Ice Cream with red trimmings. Two delicious flavors. Nesselrode Pud Vanills Fruits and Nuts, Rum Flaverine. Dey COMPANY Makers of Wadrex Ice Cream For Your Nearest Dealer Phone ATlantic 6000 EISEMAN'S | Seventh and F Streets UITS anp O'COATS OPEN A CHARGE ACCOUNT Charge accounts quickly and easily opened. All we ask is your name, and occupation. Enjoy the convenience of a charge account at 1428 Church St. N.W. DE. 2190 Through Sunday, December 2nd 12 to 14 Servings *1.25 NESSELRODE ICE CREAM CAKE 00 Assorted ‘Servines New England Also pint combination d Mocha Ice Cream. 5 P. M.—Delivery Same Day. ICE CREAM Iee Cri rs tn bulk. Vanil; Charge It Nothing Down Just Pay $8.25 IN JANUARY $8.25 IN FEBRUARY $8.25 IN MARCH Quality clothes—of fabrics as durable as they are luxurious—beauti- fully lined —carefully tai- lored. Truly the most re- markable values we've ever offered at $24.75. A selection of the finest col- ors and patterns the sea- son presents. All sizes. 11 WAR-TORN BOLIVIA GETS NEW CABINET Sorzano Asks Co-operation of Nation After Deposing Salamanca. By the Assoclated Press. LA PAZ, Bolivia, November 30.—. 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 | 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 natjon, 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. Following Coup. ASUNCION, Paraguay, 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 Estigarribia, 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 o! the war in Paraguay’s favor. 329.85 Pay 50c a Week Sparkling pure white perfect diamond set in 18 ki. white gold—several new designs to choose from. Exceptional value for Saturday on:y. Buv Now for Xmas Take a Year to Pay Selingers’ sell nationally advertised watches and jewelry at nationally standard cash prices made up grade worsteds .... .. skill make. . velvet collars ...... water-proof. here in Washington. A ERERRRERIRRRIEININIRIIEIRREIIEE N I Bolivian Troops Reported Retreating | November | BUT on casy extra charge for credit convenience. gifts now while stocks are complete! All ready for you Christmas shopping whenever you are. —in the rough fabrics, made SUITS Richard Prince distinc- tive Military Patch model ........ SUITS—m single and double breasted effects in very high § breasted. 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