Evening Star Newspaper, October 25, 1935, Page 12

FEDERAL GRANTS HIT BY REALTORS Funds for Low-Cost Income Groups Termed “Ob- noxious.” BY JAMES Y. NEWTON, Staff Correspondent of Tho Star. ATLANTIC CITY, N..J., October 25. «—Government subsidization of hous- ing projects for low-income groups was termed “obnoxious” in a resolu- tion adopted by the National Asso- ciation of Real Estate Boardshere today. It declared housing ills can be rectified by private enterprise with Government encouragement designed to lower construction costs. > The association, however, admitted housing and construction costs are too high in relation to the earning capa- city of the average citizen, and asked ‘Government help in three fields to help correct tRis dislocation. It requested comprehensive research and experimentation in the building field to secure improvement of con- struction methods, terming present | ways of building homes “archaic.” It| asked relief in real estate taxes, which | “penalize home “ownership,” and re- | quested establishment of a national mortgage bank which would lower in- terest rate on mortgage money and make building cheaper. Session Near End. ‘The annual convention of the As- sociation was drawing to a close this afternoon after delegates from throughout the country had assisted in laying the foundation for a broad national business policy to protect their interests and the public during the construction revival which realtors say already has started. Far-reaching accomplishments in every phase of the real estate busi- ness were recorded in the general convention sessions and the meetings of the numerous groups affiliated with the association. The new National Mortgage Board established its guid- g policies and intrenched its posi- ion for co-operation with the Secur- ities and Exchange Commission in protecting the investor of the future from certain practices that character- ized the mortgage investment field of the last decade. A tight check on investment brokers will be maintained, realtors say, to avoid a recurrence of the market crash, which resulted in a loss to mortgage investors of billions of dollars. Catlett Is Speaker. ‘The convention this morning heard Fred W. Catlett of Washington, mem- ber of the Federal Home Loan Bank Board, outline the Government's steps to make building money available. Speakers at this afternoon session included Harry A. Guthrie of Wash- ington, chief of the exhibition unit, F. H. A, who discussed a plan for & new type of home show. The association’s Nominating Com- mittee announced that Walter W. Rose of Orlando, Fla., was its candi- date to succeed Walter S. Schmidt of Cincinnati as national president for the next year. Selection by the Nominating Committee is tantamount to election. The actual voting on association officers was slated for late today. Taylor Is Nominated. Mark Levy of Chicago, present treasurer, was renominated for the office. Waverly Taylor of Washing- ton was named for election to the Board of Directors. Six regional vice presidents were selected, with Joseph ‘W. Catherine of Brooklyn slated to represent the region including Wash- ington. Glenn Frank, president of the Uni- versity of Wisconsin, and Gov. Harold G. Hoffman of New Jersey supplied the highlights of the convention with sharp attacks on New Deal policies yesterday. Dr. Frank warned the con- vention continued centralization of Government powers would end in tyranny. Like Ancestor BRIGHAM YOUNG V ON MISSIONARY TRIP. BRIGHAM YOUNG V, Descendant of founder of Mormon- ism, pictured as he arrived in New York with 30 missionaries of the Church of the Latter Day Saints (Mormon) en route to Europe, where they will do two years’ work abroad for the church. —Wide World Photo. Oyster Roast Announced. The annual ofster roast of the Southeast Business Men's Association will be held Sunday at Donohoe Shores. the Summer home of Presi- dent Charles F. Donohoe. < THE EVENING: STAR, WASHINGTON, D. C, M’CARL RELEASES MORE RELIEF CASH W. P. A. Projects in 25 States Funded—Total Now $955,193,463. By the Associated Press. Controller General McCarl released $52,384,193 more of work-relief funds teday to carry out W. P A. projects in 25 States and New York City. The new money will be available for carrying out projects selected from a $137,711,099 panel simultaneously approved by McCarl. This brought to $955,193,463 the W. P. A. funds released by McCarl Stove Parts Boilers, Furnaces, Stoves Capitol Rock Wool Insulation Air-Conditioning Furnaces Fries,Beall 8 Sharp 734 10th St. N.W. Nat. 1964 HAVE YOU $400 Worth of Jewelry, Watches & Furs? $10.00 a Year Will provide full protection against loss or damage from every risk— world-wide. M. LEROY GOFF 1036 Whodward Blds. Nat. 0310 Insurance—All Branches VALUE EVENT WETTE S 90 FORMERLY PRICED 1178 AND 1275 1. Miller Beautiful Shoes In the smart basket - weave motif in leather, perfectly suited to the new tweeds and woolens. Shoes made 10 sell for much more but since the size lois cre broken, we're closing them out o this low price. Choice of black, brown, blue, beige and grey. 1222 F St. N.W. The Jane Gray Candy Shop OPENS TOMORROW With Eight W eck-End Specials The most delicious candy you've ever tasted! And not only that, but the candy is not expensive. We feel certain you'll be pleased with this newest addi- tion to our first floor sections, and to celebrate the opening we present these toothsome specials. Butter Peanut Brittle, reg. 25¢ Ih. - - - - 10c Ib. (limit one Ib. to customer) Chocolate Straws, reg. 40c Ib Chocolate Butter Creams, reg. 50c Ib.____39¢ Ib. Pecan Rolls, reg. 50c Ib. Almond Bark, reg. 50c¢ Ib. Salted Peanuts, reg. 25c Ib. Salted Whole Cashews, reg. 49¢ Ib. Combination Offer— On tomorrow, the opening day, we will give a 12-0z. jar of Jane Gray Hard Candies with every purchase of one pound of Jane Gray Chocolates at 50¢c, 60c or 70c a pound. Palais Royal—First Floor, T Talais G.ST. AT Y 39¢ Ib. to help W. P. A. create its biggest “bulge of employment” between Oc- tober 28 and December 12. The President has allotted $1,004,072,989 to W. P. A. and has approved $2,- 702,018,180 worth of projects. Mc- Carl's approved projects totaled $1,914,769,816, McCarl made funds totaling $619,- 603 available to Maryland. The pro- gram, which covers work in 12 coun- tigs, included $44.065 to improve parks in Silver Spring; $1,728 for the com- HECHT OFFICIALS FETED Executives Guests at Dinner Party at Shoreham. Moses Hecht, chairman of the board of the Hecht Co. Corp. of Maryland, was host to 135 executives of the Hecht Co. at a party last night at the Shoreham Hotel. Alfred Schleisner, merchandise manager, was master of ceremonies FRIDAY, OCTOBER 25, 1935. i vice president and general manager; Alec Hecht, president of the Hecht Co. Corp. of Maryland, and Moses Hecht. A skit, “Some Strange Interludes,” was presented with the following cast: William Loman, James Styles, Mor- ton Blum, Lou Hamburg, Lou Frankel, Lou Mushinsky, Elwood Berkley, Rich- ard Hewitt, Weldon Piper and Morris Moss. There also was & floor show and dancing. — LUMBER CODE OPPOSED Private Co-operation Favored by Industry, However. The Ilumber industry, speaking | through the National Lumber Manu- facturers’ Association, today an- nounced it was “overwhelmingly op- posed” to restoration of the “lumber | code in any form, and to the revival of any endeavor for legislation slmllnr\ tional Advisory Committee of Lumber Manufacturers' Association was said to show that while the industry op- posed return of its code, the majority of operators favored Government and private co-operation toward placing forests on a sustained-yield basis. TRUNKS—"m Saddlery Repairing of Leather Gools ty service program in Upper | at dinner. Speakers included C. B. Marlboro and $6,116 for street repairs | Dulcan, vice president and general in Gaithersburg. merchandise manager; H. H. 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