Building Associations Financed 450000 New Homes Last Year
Washington 1925 report by International Labor News Service notes that 12,000 building and loan associations with eight and a half million members and nearly $5 billion in assets loaned about $1.6 billion for home purchase or construction, financing an estimated 450,000 American homes last year. Clinton James says wartime housing shortage eased but not fully met, associations cannot fully meet loan demand. building activity involves 11,000,000 workers in construction, 22 percent of all labor. Associations offer liberal dividends on savings and low-cost home loans, serving nearly one million members. Saving and building decisions come from families of small means after renting several years. loans do not require renewals if payments are met, and many borrowers become investors after loan payoff.
MENTIONED IN THIS ARTICLE
International Labor News Service
Washington, D. C
Building and Loan Associations
United States
Clinton James
United States League of Building and Loan Associations
James
Labor
James J. Davis
Building Association
Save
Building and Loan
Street Car Case Upheld Over Congress Stop Rule
The District of Columbia Court of Appeals ruled a local street car firm violated a 1905 federal law requiring closed fronts for motormen. The company kept aging cars with open sides, prompting congressional protests and a belated prosecution. The appeals court affirmed the conviction, unless the case goes to the U S Supreme Court.
MENTIONED IN THIS ARTICLE
Washington
Court of Appeals
District of Columbia
Congress
Public Utilities Commission
Supreme Court of the United States
Condemn Device Used to Cut Corporate Taxes
Senator Norris cites four Pittsburgh banks involved with Mellon interests that cut income taxes by consolidated returns, adding that the returns were secret and only revealed by the Couzens committee investigation. He accuses the publisher of the Saturday Evening Post of offsetting profits from the Post against losses at the Philadelphia Public Ledger to dodge taxes.
MENTIONED IN THIS ARTICLE
Washington
Consolidated
Norris
Nebraska
Pittsburgh
Couzens
Consolidated Returns
Saturday Evening Post
Philadelphia Public Ledger
Stop-Watch Plan Rejected in Navy Appropriation Fight
Washington report notes the house defeated a stop-watch provision in the navy appropriation bill after efforts by Representative Blanton. Texas congressman faced a futile stand as lawmakers rejected universal timekeeping and premium systems tied to the Taylor plan. Letts argued the proposals aimed at speeding production show insufficient concern for workers.
MENTIONED IN THIS ARTICLE
Blanton
Washington
House
Texas
Letts
Green suspends Railway Clerks union from AFL
President Green announces the suspension of the Brotherhood of Railway Clerks from the American Federation of Labor in line with the last convention's decision. Clerks must yield control of chauffeurs and teamsters to the Brotherhood of Teamsters, a policy debated for months. President Tobin defends the Teamsters charter and its broad jurisdiction, urging unity across trades. Green expresses regret over the discord in labor's highest court of appeal.
MENTIONED IN THIS ARTICLE
Washington
A. F. of L
Green
Brotherhood of Railway Clerks
American Federation of Labor
Brotherhood of Teamsters
Our International
Express Company
State Labor Federation to Convene in Houston
Officers of the Texas State Federation of Labor issue a call for the annual convention to be held in Houston starting Monday, April 19. The event gathers union officers and delegates to set policy, discuss labor progress, and plan activity for the coming year.
MENTIONED IN THIS ARTICLE
Houston
Texas
Texas State Federation of Labor
Food Trust Vision for Millennium Plan to Aid Children
International Labor News Service reports William B. Ward of Ward Bread unveils a plan for a billion-dollar food trust to tithe profits to philanthropy and provide bread and essentials to families. The article notes past non-union Ward plants, labor policy shifts, and projected national impact from such a trust.
MENTIONED IN THIS ARTICLE
International Labor News Service
New York City
Bread Trust
The
Food Trust
William B. Ward
Ward Bread Company
Congress
Young Ward
Philanthropies
Ward
Ward Food Products Company
New York
Postal unions urge government run insurance for postal workers
Washington. Postal workers union leaders told a House committee that government should not act as a recruiting agency for a private life insurer. They argued a post office monopoly on group insurance would grant the company leverage over other life policies for postal staff. They urged government operation of insurance if it enters the field, with greater priority on night work and speed-up elimination, which would extend clerical longevity by four to five years, over modest insurance cost cuts.
MENTIONED IN THIS ARTICLE
Washington
Postal Workers’ Unions
House
Postmaster General
Gainor
Collins
Flaherty
Unionista
Portland carpenters union signs three year contract
The carpenters' district council in Portland has signed a three year agreement with builders and contractors. A wage rate of nine dollars per day will take effect February fifteenth. Either party may open the scale at the end of each calendar year.
MENTIONED IN THIS ARTICLE
Portland
Ore
Carpenters’ District Council
Labor Dispute Ends at Cincinnati Brewery Agreement
The Pabst corporation and the International Union of United Brewery Flour Cereal and Soft Drink Workers reach a settlement. Operations will proceed under strictly union conditions, ending the lengthy dispute in Cincinnati.
MENTIONED IN THIS ARTICLE
Cincinnati
Pabst Corporation
International Union of United Brewery, Flour
Relief Plan of Bricklayers Provides Generous Benefits For 2,776 Men and Women
Washington reports that 2,776 Bricklayers Masons and Plasterers union members receive weekly relief benefits as of December 31. Of these, 676 are widows 2,013 are old age beneficiaries and 77 receive disability payments. Each beneficiary gets seven dollars weekly totaling about nineteen thousand four hundred thirty two dollars weekly.
MENTIONED IN THIS ARTICLE
International Labor News Service
Washington, D. C
Aluminum Taxes Cut With Treasury Aid
Washington reports that since Andrew Mellon became treasury secretary the aluminum trust has saved $2.5 million in taxes. A special senate committee chaired by Senator Couzens cites secrecy of earnings and disbursements and says the company deducted over $15 million as amortization, a deduction deemed grossly excessive.
MENTIONED IN THIS ARTICLE
Washington
Andrew Mellon
Treasury
Aluminum Trust
Mellon
Treasury Department
Senate
Internal Revenue Bureau
Couzens
Michigan
Also Mentioned on This Page
Capitol City
Railway Clerks’ Union
George Young
George Junior
Gee
Warbles Millennium
Bricklayers, Masons and Plasterers’ International Union
Relief Department
Canada
New York State
Pennsylvania
Axminster Rugs
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