The New York Times from New York, New York • Page 92

RE THE NEW YORK TIMES. SUNDAY, JULY 28. 1018. DOINGS AND SAYINGS IN THE REAL ESTATE WORLD VIEW OF REAL Continue to be Identified with Market In All Its Phases. AND OPINION Builder Tall of Strong Demand for Residential Space In That Section.

'-retore dominated th real -estate last In practically ry transaction of Bote. Frederick n. Fnnla 4t Slnnott, Bine A Bins, "i II. Crulkshank. William IX 1c, ravld Lion.

Mat N. Netaneon. rr! Morganstern. Charles Wynne. 1 5-u Mm an figured In one i transactions and proved once -i tvt the professional dealer ia a rtVlrc factor In the market.

i niritnn art brrinnins to trade propertiee. and well-located houses and loft buildings are more conspicuous in their or Instance. Frederick Brown w.k sold a splendid Income- apartment house at 3 East street, valued at i Investor, and a few days later '1 an equally good loft-bulldlng at 20 West Thirty-sixth -t. valued at Urg-itt deal cf the week, and one cf the year. Introduced A Mng to the real estate public a period of quietude.

They from the company headed by F. Johnson the I4.5OO.0OO Victoria at the southwest corner 1 Avenue and Twenty-seventh through, to, Broadway, rr iials of varying interest con-j 1 a three-cornered trade Involving twenty-three parcels In various rf the city, as the result of 'which A j'ph Mollenhauer becomes the rr of five Lroadway "apartment and arranges for their alteration i apartment units, the purchase a John Htreet business building ten -ie after It was offered for sale, thi sale of a a'mllar structure in Street, further exemplifying the rt demand for buildings in the section. Aellvlty at Bar U4e. Sullivan, the old-time Bay reports that real e.tate In South Brooklyn and Bsy rre n-ver Letter. He said yes- the dmsnd for such as mi two family houses Is unprece- hundreds of desirable tenants to pay any rent are being turned every d.y In building and real c'rWs.

With no houses or floors 1 rr.t In so many parts of the city, an il demand has risen tor houses of na and two family type, and bulld-( are selling them faster than they -its built. There are more than luO i buiMinga going up In the section r. nd one-half of them have al-I twn sold. People are looking fur rw houses which sell from 14.000 to i. Tl.e Fourth Avenue subway running Elgnty-atxU.

Street In Bay Ridge i fquare has, of course, stimu-! el demand. But besides, there Is ur. ler construction, on a site eover-i. i f.ve city block, along th water-r -et cf Second Avenue, from Flf- to Sixty-third Street, the nlne-. Army snd Navy Building, reputed pna of the largest In the world.

It 1 contain C.ooo.000 square feet of rpa-e and f-ur double-deck docks. 1.50O feet In length, where 4.000 i will be employed In a short time. 1 Navy Department has Just awarded a contract for for buildings i the shorefront from to Street to be used for of-i -rs- quarters and storehouses. At rl Avenue and Thirtieth Street, two i forced concrete building; each eight In height and measuring 200 by i frt, are being- erected for the Army a Navy. Present accommodations are I aleauate to meet the great demand for in Bay PJdge.

ajwl many ppor- Ules present themselves for prolitaoie I enterprises." rtUterlac Torreaa Title Now that Manhattan and the Bronx have had one Torrena Title pro-r interest shifts over to Brooklyn. pstltion for the first UUe to fce stered under the new Torrens law it In the County Cterko office July 2X The property la on Tort Parkway. The papers were aubmitted to Judge iwcett and the formal order was ursd on the same day referring the i utter to Walter Duraek. as official er of titles. The assessed value the Fort Hamilton parcel la S1.230.

the feee of the Registrar for r.lning the title, publlshlc. tcaillng at posting notice, and for the assurance jren.ium and certificate of title- amount ikeletsa he Csasaoi. The comfrlstlon of the l.0JO-ton steel i ion of the Commodore Hotel, now I adjaevnt to the Grand Central frnJnal. was the occasion of a flag-i ceremony laat Thursday. A 5 Tood Will Win the War" flag, rirg the emblem of the United States ood Administration, waa hoisted on a 1 'e and now sends out Its message to busy street below.

Zt has baen announced that the Commodore would be a rr.clally opened on Deo. 31. Queens Borough Improvements. The aaseasmenta for the following Cir.a Borough Improvements have aonflrraed and are due on or be-f re Fept. 7: Taring Eighth Avenue, from Weah- 1 r.on Avenue to Fierce Avenue, Long 2 -'and City.

E.wer In Hughes Avenue, from Fresh I mi Itoad to Sedgwick Strest. and It C.dgwh-k Street, from Hognea Street I) Ft'lgwlck Place, Rldgewood. Grading and laying sidewalks in Fifth rset. from Stryar Avenue to Wood- Avenue, Woodatdc-. Grading and laying sidewalks in T'lfly-flrst Street, from Roosevelt Ave-r ue to Klngsland Avenue.

Corona. Cswer In Forest Parkway and In Street, from Jamaica Avenue to AMand Street. Woodhaven. Laying aMewalka In Elghty-eevcnth from fclgbtleth Street to. Eighty Street.

and in Ninetieth Road. t-om Eightieth to Eighty-fourth Street, BUILDING LOAN FUNDS. Annual Report Shows an Increase of $158,687,635 In Receipts. It waa stated last week at the annual convention of the United States League of Building- and Loan Associations, held In Newark. N.

that despite war conditions, bond and Thrift Stamp sales there was an Increase of over $138,000.. 000 ia bull dint: and loan receipts through out the country- In his annual report to the convention, which covered every State in the Union. H. F. Cellariua, Secretary cf the league, said: "The unsettled financial conditions created by the world war have not materially Interfered with the growth or prosperity of jthe building- and loan associations of the United States.

Their members have continued their saving habits In about the ssur.e manner as they did during the pre-war period. While the business of these associations was for a time somewhat disarranged in some localities, they nevertheless advanced money freely during the year for home-bulldinr purpose, promptly paid their withdrawing members, took an active Interest In Uie Liberty Loan bonds, the War Savings Cer tificates and Thrift Stamp campaigns. invested liberally In all thae ls- sues, "The First Liberty Loan call caused considerable withdrawal from these associations, and thia for a time halted building but the members fraduallr adjusted themselves to the new conditions, exercised greater economy, with the kesult that they not only made their usual payments, but also actually laid aside a little more during the year than was their custom In ordinary times. There Is no doubt but that the thrift campaign inaugurated by the Federal Government has had and Is bavins; a stimulating effect upon the members of building associations, making- them more frugal and developing- In them more urmiy tne saving- habit. The War Is teaching most wholesome lessons of economy to the wage-earning classes.

wno compose so largely the membership of these associations, and the effect upon the future of the movement will eertainly be most beneficial and far- reaching. Ths Increase In assets during the last year was a little over 8170.000,000. and the associations loaned out on mort-j With space at a premium and the de-gage aecurity 1102.000.000. There are In mand greater than the supply, with no the United States 7.29 associations. nith aggregate asseta of 11,769,142.173 and a total membership of This ia an Increase, of 17 aaaodallons.

270.180 menabern, and .170.14,036 in assets over the report of last year. The tncreaso In membership was 7.5 per while the increase In aasets was 10 per cent. The a vera re amount due eaoh member la 410.37, aa against 1447. St. the amount shown last year, "The important building association States made substantial Increases during the year.

In Ohio the Increase In as sets was I51.18-S.B40; in Pennsylvania. J23.433.326; Massachusetts. New Jersey, fl3.0S8.931 Illinois. 18.050.- I 122 Nebraska. .627.783 New Tork.

M.442.&49 Indiana. 3.Bl.tWl Michigan. $4,279.88. while in Missouri. California, and Wisconsin the Increase was over S3.000.000 In each State.

Pennsylvania reports that the associations of that State have helpod build or buy 27.SOtr homes for their members during the year, which Is more than 3.5O0 more than in the preceding year. The aggregate receipts for 1917 from all sources were $1,220,000,658, whjch Is an Increase of $158,687,633 over the receipts of the previous year. The receipts from weekly dues were increased $37,647,316. from paid-up stock and from depoelta $23,196,571. There waa an Increase over the previous year in mortgage loans made of Stock withdrawals Increased S7.175 tf.

MA .4 deposit withdrawals were $7,759,640 in excss of 1916. The total expens of management for the year was $0.. 610,744. or a little over right-tenths of I per the total receipts." LOSSES CAUSED BY NEGLECT. Fire Insurance Companies Seek New Legislation.

Discussing a proposed change in the present fire insurance policy advocated by various companies. William B. Elli-son says: There should be legislation under which the standard form of policy should be amended ao aa to bar a re covery of a loss sustained by fire, un der circumstances clearly showing that the fire In question was the result of negligence on the part of the assured or hie employes. "Such a provision would Immediately result In the exercise of greater diligence on the part of property own-rs. real and pergonal, to avoid a fire, and such diligence is nothing more than Is expected of one who seeks Indemnity.

In my opinion, It Is not sufficient that the insured should be unable to recover a loss growing out of his own want of care or negiljrence on the part cf his employes, but he should, In addi tion thereto, be held for such damages as innocent third parties may suffer from the same cause. "There la nothing unfair in holding that a property owner, who neglects his duty and thereby causes damage to his neighbor, should be held liable therefor. On the contrary, in every other line of activity, such coiuequentla! damage ia clearly recognized and approved. The economy that would necessarily grow oat of auch a situation would warrant and permit the insurer to extend its system of lnspect'on to sush a dell res that overinsurar.ee that greater tempter to negligence if not incendiarism would be substantially eliminated." Scarcity cf Window Glaaa. Manufacturers and jobbers both report business extremely quiet and with but a alight possibility, of Improvement for some months to come.

The production of window glass for 1918-19 Is likely to bs fp-hr and with a con tinuation of the war might be forced to close down entirely, except at Isolated plants, where the labor and transportation difficulties aria not so acuta. The glass Industry Is waiting- for an announcement from the rrlerity Board, outlining the policy for the coming year, ao that it can make ita plana accordingly. There is evory indication that existing high glass prices wilt cn't-vi owing to the scarcity of the commodity in the bandf of the Jobbers and the lac of reserve at the plants. Exempt Real Estate. The value of real estate exempt from taxation In New Tork City is The aggregate assessment on real estate la the city for 1913 la $5,339, LOWER FIFTH AVENUE Marked Improvement of Section Apparent as the Result of the Finn Dc mand for Space, the Decline in Building; and Its Advantages for Executive Office and Showroom Purposes.

That lower Fifth Avenue la "coming back." from both a real estate and commercial standpoint, la proved by two Important leasee closed last week affecting properties in that section and also by a number of other transactions of a similar character negotiated within recent months, which ahow a marked trend toward the creation of a new and Important business centre In that locality. The buildings along Fifth Avenue, from Fourteenth to Twenty-third Street, were seriously affected by the northward drift of trade, which drew ao many ten-' ants to new locations uptown. alt-' uation. coupled with a generally overbuilt condition with regard to lofts and the lack of restrictions against manufacturing, tended to plara real estate In this neighborhood In far from a promising position. In June.

1916. the famous aonlng resolution was passed by the Board of Estimate and Apportionment, which laid out the city along sans and orderly lines, limiting- the heights of buildings, restricting-, the character of the occupancies, and regulating- the atae of the structures. The ruthless Invasion of fine retail and residential sections by undesirable neighbors waa effectually checked, and one of the first beneficent effects of these changed conditions was the begln- nlng of the restoraUon of confidence In those sections which had been abandoned the northward sweep. Another lm- Dortant factor becan to onerata In favor of these districts, namely, the decline In bulldine: oteratlons. which became no- ticeable early In 1917.

and which has ao continued to decline as a result of war conditions that the cltv Is now under. built rather than overbuilt. of new structures, and with New Tork City Industrial and commercial expansion continuing at an unprecedented CONDITIONS RESPONSIBLE FOR Few Investment securities In the United States have suffered more since the declaration of war than real estate mortgages. Statistics show that new Investments In mortgsges have dropped more than 80 per cent. This Is partly explained by the fact that building operations, which formerly absorbed much mortgage capital, are now practically at a standstill.

But. allowing- for this, if the present diversion of capital from mortgages the most vital of all securities Is not checked, many realty men are of the opinion that it will create an unstable Condition of business that may Imperil ths new securities Into which the money la going. One reason given' for thia untimely drain on the mortgage market la that In-veetors requiring cash for relftveatment In securities more or less of the speculative sort promising larrer returns, thoughtlessly turn to their premier security, the mortgage the only one, though a slow asset, which can be converted without any loss of principal. They do not Kern to realise that the ame reason which prompts them to dl charre their beat security prompting others. Approximately $100,000,000 of mort gage loans are maturing each year.

To lift this capital when there Is no new capital to take Ita place will disturb the foundation of all securities. Another reason given for this apparent discrimination against the premier se curity Is the fact that the Government. recognising the historic stability of the NATIONAL EFFECT OF RENT REGULATIONS IN By CHARLKS W. FAIRFAX. Prealdent Raal Eatate Brokers' AssocUr.aa Wa.hlnalcm.

D. C. In April. 1917. when war was declared by Congress, the national capital was populated with approximately 000.

CM people, an Increase of only 30.000 ever the figures given by the Census Bureau for 1910. The attitude of all departments of the Government during- the two years previous Impressed all. that this country would not enter the war. Residents of this city were Induced to leave, to accept positions and perform skilled labor ia other communities that were active In providing; supplies and munitions for the allied nationa. This reduced our population to some extent, and with the construction of hundreds of housea and apartments In U14.

and 10 IU many vacancies ex. latvd for a period of at least one year. This condition resulted In the reduction of rentals of old properties on an uver-sge of 'M per and restricted the maximum rental for new buildings. Tenants realised this tremendous advantage and dictated the rental, re-purs, and the like, ao that owacis received an income from their investment that did not averase over 0 per cent, net throughout the iMstrlct of Columbia. It Is a fact that Washington accommodates a greater percentage of tenants to its population than any other city in the country.

For that reason It Is necessary that everything be done to encourage the Investment of private capital in real estate, otherwise the functions of Government may halt. It Is quite probable that If the Government took over all the Washington real estate it would Immediately follow its own example in the recent raising of railroad 1 eight and passenger rates. During the Summer of 1917 a general program of Government preperednssa was adopted, and Indications were evident that the population would rapidly Increase toward the Fall. Houses and apartments were rapidly filling at the old rent schedule. Leases were renewed In October at the same rates, notwithstanding- the heavy demand for accommodations.

During the Winter months owners realised that they were Incurring a financial loss on account of the heavy Increase in the cost of fuel, supplies, tabor and materials, and everything needed for the maintenance of real estate. It has been the practice in the past for scents and owners to permit lessees to sublet to persons of good standing when the lessee was compelled to leave the city or for other legitimate reasons. After Oct. 1. 1917.

thousands of Americans offered their services to the Gov ernment, nen they reached the na- tlonal capital they found the houstag MQOAineiaUoM xaUat UtaUed, These STRENGTHENED rate, the effect on the real estate situation In the older section of the city waa electrifying. Lower Fifth Aveau. among other districts, began early te feel this new and favorable condition, and although It had lor.g been known aa the headquarters centre of a notable-group of religious, philanthropic and educational organisations. It began to at- dealing In laoea, embroideries, veiling and specialty lines, small ware, umbrellas and numerous kindred trades. The demand was chiefly for ssecMlive office apace, and large areas the buildings along Fifth Avenue, from Fourteenth to Twenty-third Ftreet, have 7 v.

v. "Ulu" mercnania wua large business Interests In this location In-I ne. ik Eschangs Building, at the south weet corner of Fifth Avenue and Seventeenth Street, covering a frontage of 93 feet on Fifth Avenue and 175 feet on West Keventeenth Street, which a. soil tt-tii siore. 1 and mall order establlahmenU through- out the United States, and whose execu- tlve offices are now at 350 Iiroadway.

They have taken this space for a ten-year period at a rental which will ap proximate $300,000 for the term, and will use It for executive and buying office. The brokers it the deal were William C. Walker'a Sons. The property la owned by Walter C. Noyee and Alfred E.

Marling, as receivers of the American Real Estate Company. C. W. Kress of S. H.

Kress A when asked to explain ths move of the firm to the Fifth Avenue section, ex- uiure 01, un utw wnuuu, nu iwuiim iu htu- tagea Jrom the standpoint of ths firm's reoulrements. He said: "The res son for moving our of flees mortgage, has not deemed It necessary to extend Federal credit for Its protection, as It has to other conservative papers more susceptible ts change of conditions. Many people, too. excused, their levies upon their mortgage Investments because they wanted te reinvest In Liberty bonds. This again Is what the tvern-ment dkl not want them to do since It a as robbing Peter to pay Paul.

It not only denied the borrower the prlvilega of putting his own savings Into Liberty bonds but. a hat a as worse. Impaired, and In many cases actually destroyed, the borrower' a efficiency aa a wealth producer and war worker. While the mortgage may continue te stand up and maintain Its sturdy reptt-tatl-m of nlwayr yielding psr. It la safe to assume that If It should Vend all other securities will break.

Numerous suggestions have been made for relieving the tension on mortgages with or without Federal aid. One la the extension of the Farm Loan Hoard's activities It Include cities Another Is the crrar.ltAtlon of a State mortgage bank through which the State would guarantee Investments and par-i tk-lpate In the prc-flts. but a fair trvatrnent of the mortgage in relation to other Investments would obviate any for extreme measures. It Is the belief of etudeots of flnaaee that. In times like these, to Insure safety and profitable return ef other securities.

Investors generally should be nr.ade acquainted with the Importance af their fidelity to the mortgage market. newcomers approached occupant a of fur- nlahed and unfumlhd houses and aparuneata with attractive offers. This resulted In many leasees ruble at liberal figures to Justify them In vacating and moving Iwbere. Thia developed a condition at led profiteer-Ing. from whkn the ownra have rel.

Ixed but Utile benefit financially, but were ubjectd to unwarranted erul-ciam. The lessees realised the profit la uiiy 3 per cent. 01 all cvw In the Iioue tf Kci rc.ftntalv.s by th.e Hon. Ben Johnson of Kentucky a bill. H.

IC CUH. lo I revert extortion, te taxes on certain Incomes In the District of Columbia, and for ntner purpose. Ihla measure provided fsr a tax of loo tr cant, of the Income derived from real estate In the District of Columbia si see Dec SI. 1311. la exceaa of 10 per cent.

Increase In rentals aliowad above ths amount unturnlsbed property waa pre-tSuring Krpt. fcJ. lulO. This appUsd to btn rtaldrct and nonroaldant owner, ship. If the property waa buRt and rented after St-pt.

the rental wae calculated on a basla cf 10 per cent, groaa on the value. No allowance as tuade for heat, arvlces. and supplies, usually furnished by hotels, apartments. Ac. Any excess rental chsrges made for the owner, l-v, or sub-ti nant.

plus the I penalty, would become a aupertsr Un on the real estate, and the same would be aaseaaed and collected as taxes oa aald real estate. Double of any excise rental charge could bs collected by the occupant from the person receiving name or bla agent, and the right to ricover did not eiplr until five yeara aftT the termination ef the lease. In spite of the vigorous pro. tests of the Real Kstate ilroaere' Association of Washington at a public hear-Ing before the House I 1 strict Committee, the hill waa finally passed by the Houee. March 12.

IwlH. amended, hi, ever, by eliminating the retroactive fea-turea. and allowance waa mad for l.ght. heat, and a vice when supplied the tenant. pleaded for a rent administrator, with Board of Appeal, with nllmlt4 power to regulate rental.

Thia waa Ignored by the of Representative. There remained In the bill, however, the most objectionable section, that the excess n-ntst and penalty thereon, whether received by the owner. tnant, or letv. hscontft-a a superior Pa on the property from whl. the Income is derived.

Thia created an unrest among trustees of estates and ef mil claasca eX bufld.iBXs, eajtcialir Uwae Investlratlon for the month of Feb-lheiel rsstm lass the rale I t. ettl a a.a.m T1 fs 7 rusry. shows that the owaers re-I such susrtera sn tb day of Ls- Li ft VT 7- a ta i i.i celved an aggreRat rental of less than Cembei. Wl te st fa- r.s.,s a- 2 per cent, over the amount received in. This l.gtslaUon wsjld ester the Tl -a U.s.

ess rss -V lrwll September. 1P1. for the asms Untied States and was inland rM'sa4s res ye.Ca. tn a a.aas rs Tt tit iu-1lt Surely this not prof Ite.rmg. and the tect dlr sr ef tne I .....4 V- 'M 7s 1-4 1.

va IW. 1 1 ia Vs fact I rentals are now lower than la 8fli se any smrtoy. sfn.sr. sr mt- ssas.4 Km, IV. lata, ay tas VI.

1 1 1-12 to 1914. before a general reduction flcUl connected with Its navalTantli-arr o-a 1 1 Was forced titton owr.era. lor elvtl rw-a Ns 1. t- ft .1 1 St.w On Jan. 2.

ItUS. there waa Introduced 1 as laborer. amt.ev. sm -Ifs aat mt ii 1. -a REAL ESTATE BY NEW ACQUISITIONS! from Broadway aal ImuH r4 Ftrih AmM and ftMMMih rw ks4 tsrly bf IV.

g.aeal th nstervn Iwraltaev. Its added traastt facilities CMinsrUsg silk practically aU pans tha tiy by i.e. fac. ewbwey. and elei at4 re4a, a4 tha- pporinitl whb-ls a evetral Ur.

tlon al are afford te a firm a-'e-'i- as mur aa iiiim. la ay with of people eat transact bvsine H. Anther tmnwtsal ra.Ut. that that alM werai4 In4r tH hlM ths 4 ff SMf tv I. mt Inereasew bislas Jemaa-ta.

asvl Ik trt KaI IkMa .1 the aama gewraj iMtcherh4 1 many rsncenw wim wnom neas. i mv aratM rfVlejr In tha future of FlTJi Areas, th.u wtnity as only ee. arrssat of lu a ceaalblllty. but alea awisM I f-l lat 1 its rarest tuul eata wharh ha.e bn Its bslUlna wta ly slJtk It has larked sllaia Important trantvattto J.t llrg reeeM charges In fbe that stability recent years. Another rlod refWllr nnrr oomoo i.

ira u-im rr larce t- In the Pratrtas ftunding. at lid an otrnsaa ir esse, twiker In. ants in tne Karhaeas at 114 nrth Alt.lM. St.trh house H. 11.

Krea are berg Importers and eassri.te tf laces Follmer. tlogg a Co. 4aler. nrth A.n.. fw Use iKts ei L.mu.

I t. ftiU I ri A i f. i iLJU by the Corn Exchasg liank. The pr kimH Ja. IMl rj era brsnrh of the bank ai tS- utl.

se-vraff Mai Was lsesss la west corner of Firth Ar.u and Mr vl-4' vit a iwmn oinw, tui in. aeM a4Jtiie. JsKsms i Mr.rft.c I ai space necessitate a tKarg. and lbs r-tH ev. T-f r- at.

fs 1 "1 Me a. aw -entire corner store and bi In r.rad..r 4-s A 1 I TT1aV a I rr-sbyterlan Itulldlng wts t.a ta- traced e-4 tenure are l-ir I A 4 all t.TTT, Coders IZfrXJ'Z'Z 1 r.f aM a f.e n. 1" T.nu rractlcally all the bull st Tk Si I Tfth Avense In Iks -H-; Ll ara.a V. SJll a- have rstved ths b-eW. I.

-r. -s -ee wk. 1 r.MM ss an SLUMP IN MORTGAGE MARKKV. especially In ths eeltr of tatg anortces-as when ssttir4 n4 si-calling Ihsm est of taeatne avew meet-gage loans. act medlarlee bet purcraere and mortgage bsfresere.

and whs g-uarantee the latttinwnit, state that they are doing a-'l la power to relieve the aituetles. they th.rtsslvee are set caUl ty inortgaa-vs. and that tfc.y are ao.tlag lo Impreee cpss their sen la.esisee ths bieiness and ef standing by the asseuae Veer daring ths war. Hrlefly. ths reasons advanced by these whs claim that ths ensetgage mar he.

should bs sapseutlf arstsetsl at tat time are chiefly: First, that all flea tin rasKal M't absorbed, there la rracttral'r as asw wmm r-m fee ths enesuraseswent sf aMs ah.p. butidlag. and bss'-r sra4, that durte tas w.e nM. there I. psirlstt.

a.M ky IS btng ths premier sx-srii aaea st) a3 sthsra tnsr or tsae sss4 f-r thu vitality. 11 I. la mrtiaa t.al rr- -Tty ns rws ira.i-i It.M.iks all aieslth --r If ths Una a. iss vw root of sor financial and sr.nssnie ay- t.ra hla blew esailJ ssa f.ai a m. f.

1 SDOt I has Ihs Bwliu. lass. TV. srsueni eestrsriios sf Mm rsarw, tmpslrmsnt bualnsas, aa4 fUr. nuuna a.

sersruMS etiis as Wefts scrupled for irnwiino4itl.i rnrtl.f lal Utrirj ccwtunssetlsee- They fU eSua-es asrv iwkm Is vacate reUtee lUa manufacturing sr ether lr-ir dulnt ahtps. od. fust, unsxiftlisn. eulpmsnt. clethtne.

pNU. mr ary sthsr artel sr thin west by ths Osv emmsnt In any caperJtr Osrtrv the Utence and cf ths r-n war with Oerpiany. Visialor sf IM act shall m. li lt) ef trj Isiw.nw and puntbsd br a fine ntt sd K. tthis hill La new psatira- In tss nnats Members ef ths ani and 1 1 suae were folly IS l--creaasd rental b.ln rhag.d la ths numersis ssc'lsna lb try where are located It.

miM'l-m plnntn. aMpyarda, e.a'oninenta, as4 other sr-tltlites Cne.gr. smen have rn of ths need for I tlon to cover Ih naUen fltlrg like meaaur K. .1 sretA or enacted In this reunify. nM wsr flt that Confift.

should and listen belsre ea'abtlshlr-a ewch a prertnt. Member nf Conxre.a asm aaalwua recrlet rywasr and iKey are detrmlnd not te Ut It meas as4 war la ths naUoetsl racial, s.sr wairlt th.y have exclusive Juratir Von. d. cert cltlaen has any dsfease far pronteer. yet there Is war 10 rsex-a that elea without Inyetins ins laasaak Tbe bam must not be burned sewn 10 a 111 ae rat.

Oftn un warrant ad rsenplslnts are made ts member sf Cor.gr.aa, whs ps csed to draft r.al eatat leg'sUM 'h. out rrvahlac aa rfrurt Is lavsatlgais lbs owners' ul mt ine (as. Lrglalallsn of any kind nnd rentals stmW af real snate in any bsttm-m or ir c-ui iry I tmvm Ift.ftlu in. HtftWSMai Sf Lva I locality. Real eatate acw l) r1--ral In-atrumentalltl vr tne all tl couatry them ant MHtrH? svl4 -t Cft-m-nu In las large lews a1 rltlea Tbsy rfreest sat.

esaatal than aar adsr rles sf bsstnssa sr yew faaalonal mn aad -e Kat reason tK-v ny an Influears fee gas eserywhave la trda bres.4 free land. Xa ttaae be assert ha4 baft same bj raw evir r-sl iai ts as sbre4 to' 4 4 -m 1 1 the rtak Invelves frem ewefc drastM a. Zt ss vw. sneeers, r. a a wurmt ns si u.M On Ja II Ul.

ths -n. Iss s4 aStntes U. tm JJ of rs TTT, -JT dlee of the Mate sf Kaabi.ia w. Vs m-L-yi, I fts-. trsdaesd in tae a-ssle Rl.l a Iimn.

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