The evening world. Newspaper, September 9, 1920, Page 10

FT — eat 4 Ey \ _.THE EVENING WOR FOR HOMES DVERTED TD MOE PRFTBLE FELD Federal’ income surtax takes hnif of a very largo income. Thus the 6 por cent, mortgage interest shows only 3 cent. return, This money, invested bonds, exempt from « mark; for loans. The remit is an ex- » ganded demand upon contracted re- sources,” “Has gepe ‘meet the expanded demand La reial money at high rates?” 1 asked Mr. Schenck. “The elastic currency of the Fed- eral Reserve met that emergency,” Mr, Schenck said. "Can,it not also meet the mort- stringency?’ if it could be made legal for the Federal Reserve Bank to negotiate mortgages, jt might relieve the mort- gage market.” “BACK TO THE FARM” WILL — SOLVE HOUSING PROBLEM. “Has: you an idea to rejieve the housing shortage that will work?" y "I visited New England this sum- . and saw hundreds of vacant r farms. If some of the men that used to work those farma would go back to them, they would help solve the housing shortage and the food prob- » blem, which is going to be serious. But the farmers have gone to town, “to work in the factories, They got Bigh wages, casier work, and can go to the movies in the évening. In- cldentally, they help to fill up the city dhouses.” , Inasmuch as the ex-farmers whe : have come to town Jo not seem eager to go back to the country, It seemed, after hearing Mr. Schenck’s opinion, that the most effective way-to help , ‘the housing shortage would be to tempt the big estates back into the mortgage business, Gov, Smith's pro- gramme for the special legislative session includes relieving mortgag from State income tax, which is con- paratively small, and asking Congress to exempt them under the Federal law, The proposition was put up toa banker who knows a good deal about . the big private fortunes. . “Will the big estates come back int® the mortgage market if mort- J aes * are ox ed?” was the ques- i ig Hon put up to him. 1 the savings bank money eS eS: ome time, but not right the banker said. ‘The mort- o ' gage business is pretty technical. You veto watch the borrower to make . sure he keeps his taxes and assess- ments paid and keeps up bis fire tn- gurance, and sometimes you have to J foreclose to get your money. That means trouble and expense and law- yers. It requtres h ghly expert ser- vices. The estates have been forced out of mortgages. They took a loss in some cases to get out of mortxas: and into municipals, Now they hi: Their Queen Anne lind @ taste of high-yield, tax-exempt bonds, with no trouble but to out the organizations. for handling mortgages have been shot, to pieces. They may come back. but it w li pe a slow process.” “Ig there some other source to go to for mortgnge money?” | asked him. “Phere is no money,” answered the Living Room suite covered in Velour or Damask; 3 pleces...... 5210 EE EPEND on this: Kellner furniture will give you best value “Where bas all the money gone?” 1| Stocener = asked. you,” the banker said . In The Evening World to-m will be told the story of the m millions, and what chance exiets of Getting ‘some out of them for mort: gage loans to build houses). KELLNER BROS. 5 Twenty-nine years selling Good Furniture Southéast Corner 15th Street and 6th Avenue Queen Room suite in A Walnut; Louis XVI. suite in Walnut; for your money for, despite its unquestioned quality, the price is exceptionally modest—a combination difficult to sugpass. A visit to ‘The Twenty-five Rooms'’ will give you many ideas and sug- gestions for home arrangement. You are cordially invited to see them, in | HARTFORD, Sept. 9—Robbins B. ‘Brjng me a $10 bill and I win show | Stocokp! of Norfolk, State Commis- sioner of Motor Vehicles, appears to ve the lead of the large field con- sting the Republican nomination for Governor om the ticket which will be selected at to-day’s session of the State Convention, Anne Dining Bedroom Amefican merican The Brotherhood of Painters are on strike owing to the refusal of the members of the Master Painters’ Association, the Society of Interior Decorators and the Cabinet Malers’ Association to meet their demands of $10.00' per day. The proposed schedule forbids work on Sat- urday mornings under any circumstances, and makes various arbitrary demands that tend to cause inconvenience to the public.and higher cost of work. The employer organi- zations believe that the time has come to re- sist these demands with all their power, at whatever inconvenience or cost, and confident- ly rely upon the public to sustain them. Since August Ist, 1919, the pay of painters has already been increased fifty per cent, which is largely in excess of the increase in cost of living since that time. There is every indication that the decline in general prices already begun, will continue, and the argu- ment for further increase ofwages on account of the increase in the cost of living is not tenable. This is but another imprudent and unjustifi- able stoppage of essential production. The Painters’ Strike The painters can increase their income to the amount now demanded if they will work on Saturday mornings as is customary in all other trades, If they insist ba being idle for an entire working day each week, the cost of maintenance for their idleness should not be a charge upon the public. The owners of the buildings pe construc- tion, almost unanimously, have. signified their approval of our position. If the employer or- ganizations have the benefit of full public support at this critical time, a great obstacle to the construction of much needed homes _ will be speedily removed. Many false claims of success in securing ac- ceptance of the new demands result from the active propaganda of the strikers in the pub- lic press, The established organizations, which employ a large proportion of painters of the better class, vresent a solid front in op position, Statements to the contrary should aot be accepted without verification. In this situation the employers are not prin- cipals, but trustees of the public, whose inter- ests primarily they are serving. The Society of Interior Decorators of New York. City The members of the following organizations are too mumerous to be gloen individually The Association of Master Painters and Decorators of the City of New York The Cabinet Makers Employers Association of New York The following are the Members of THE SOCIETY OF INTERIOR DECORATORS OF NEW YORK CITY: L, Alrvoine & Co. Wm. Baumgarten & Co, j. R. Bremner & Co, Carthian & Co. Charles of London Cowtan & Sons, Inc. P. W. French & Co Hampton Shops Herter Looms Herts Bros. Co. D. 8. Hess & Co. Theo. Hofstatter & Co. Henry J. Davison, Inc, H. F, Huber & Co, Chamberlin Dodds ohn H. Hutef F. N. Dowling jansen, Inc. Franklin P. Duryea & Co, . PF. Dawson Emil Feffercorn A. Kimbel & Son, Inc. Duncan Fraser, Inc, Leed, Inc. . Greenleaf Sykes iffany Studios C. Victor Twise Warwick House, Ltd, * Waters & Crowninshield fark te Whoerow lack, Jonney jer ya Te: Lenygon & Morent, Inc, A, Lowenbsin's Sons ‘os. P, McHugh & Bon ‘orace Moran lohn J, Morrow jctor J. Petry George P. Reinhard Frederick Rose & Co, =e jor, Inc. G, W. Richardson & Bon rving & Casson, A, H. Schmitt Broa, venpert F. O. Schuller White, om & Co. W. & J, Bloane R. Leventritt The last two days of this great sale will long be remembered as a veritable riot of bargains. New and lower prices have been placed on several lines—and those who come here will make their dollars stretch far beyond any buying power they have had for several years. Remember the store is open until ten o’clock every evening—so that if you cannot find time during the day, you can shop here after dinner. There ere many small lots of goods—too small to warrant any détailed description or even price quotations—which you will find at prices ridiculously low. For instance, you will find a few notions—such as needles, dress snaps, hair pins, both of steel and composition, knitting needles, pocket mirrors, nail pullers, spark plugs, Ford shock absorbers, and other articles at ridiculously low prices. Come here and look. Shop round the various counters—look for odd bargains—you will be surprised and delighted. All Women’s $3 SHOES Reduced to Regardless of style, high Shoes, low shoes, black or brown—all women’s $3 shoes are reduced to $2 pair. Do you know any other Gp where Cer- hoes for Men’s Sheep Skin ‘10 COATS These are short coats for auto driv- ers, truckmen, en- gineers, hunters, and general heavy out of door wear. . Airplane Cloth Reduced from 60c The lowest Bee what ® 20° All Woolen years. by tailors, dressmakers and impossible to duplicate in a in any “imported” talk. women and children. New York. the tag. Grand Central Palace Nemours Trading Corporation, Chas. W. Mills, Vice Pres’t & Gen’l Mgr. Reduced 10 Per Cent. This sale of woolens has been one of the greatest sales in the woolen trade for many Prices were so low to begin with, that great quantities of these goods were purchased in New York, but from other cities. Thousands of yards of woolens from the leading mills of the country on sale at prices all sold honestly, without any attempt to ring Woolens for suits and overcoats for men; woolens for suits, coats, skirts and dresses for Staple serges, unfinished worsteds, herring- bones, tricotines, fancy weaves, all wool and part wool; beautiful color ranges and a great variety of patterns—this is, beyond question, the greatest sale of woolens ever featured in * Come here to-day, to-morrow or Saturday and buy woolens for yous winter clothing. Prices range from 75¢ a yard to $9 a yard. Take ten per cent. from the price marked on less 10 per cent., or $1.35 net Men’s. Suits 22)? 37 Only Just a few suits left, form fitting; sizes 35, 36 and 37 only. Men’s Pyjamas Reduced $ 2 ~ Blue unfinished worsted two-but- ton double breasted from$2.69 Reduced from$3.69 Kot mary, of cone, mm what tee bak eat ear valle Yee $3 Prices wallop to high prices. dealers, not only interesting tos all. regular way—and wear. range. shoes. Hours 9 A. M. to 10 P. M. Daily. . Chain Weave ,. TRICOTINE Reduced from $2 50-inch chain weave tricotine in black or navy —a splendid quality at $2 « yard—now $1.50, 8 Pounds This oatmeal is in first class condition —fresh, sweet and good in every way —but not enough to last very long at Burton’s 100% * Flouered Taffeta Reduced fabric for Graper- evans ngs te Shoes for Men,| — Women and Children|' This great sale of shoes has proven an awful Now that the fall and winter season is on “regular” stores have to charge “regular’’ prices for “regular” goods—and the comparisons be- tween these “regular” prices and our prices are The highest priced meri’s shoes in our stock are only $8, and the prices range on.down to $3— for good shoes—high shoes for fall and winter For women the top price is $7. That is for finest grades high shoes for fall and winter wear —and are the kind of shoes which you cannot find in regular stores at anywhere near $7 a pair. From this price they range downward to $2 a pair, which is the new price placed on the entire $3 School shoes for boys are here at $2.50 and $3.50 a pair—wonderful prices for good, sturdy Too much stress cannot be placed on the im- portance of saving shoe money here and now, \ $450 Yd. Less 10 Per Cent. Oatmeal 25°