High Point Enterprise Newspaper Archives Oct 8 1939, Page 7

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High Point Enterprise (Newspaper) - October 8, 1939, High Point, North Carolina Sunday october 8. 1080the High Point Enterprise Piedmont Center of Ich Point North Carolina Page seven Sec. Insured mortgage system influences economic life the Federal housing administration insured mortgage system together with the vast amount of construction it has generated has wielded considerable influence on Hie nation s economic life administrator Stewart Mcdonald declared. For the builder ii furnishes credit on the most favourable terms obtainable and provides a Market for his product or. Mcdonald pointed out and at the name time it has permitted thousands of families to own carefully designed and better built Homes at a Purchase Price find on terms they can afford. A for lending institutions it provides an insured and profitable outlet for credit a or. Mcdonald continued a it assures them of liquidity and a condition much More wholesome than that which prevailed under the practices of the old system of mortgage lending. A if this old system of mortgage lending has been revolutionized let it be added that i More important it has also been humanized. There is now provided a Broad and Safe outlet for loan funds. A the building Industry has Felt keenly the effects of the Sev Jeral billions of dollars of Pri i Mary construction which has been j created through Fua operations to say nothing of the Large amounts spent in modernization. Through the favourable term for refinancing older properties real tors Are afforded a wide Market for this Type of merchandise. These Are direct benefits but the entire nation has Felt the indirect benefits of this huge turnover in the minimum Home sliding doors Aid to space saving sliding doors for bedroom closets not Only Are efficient space savers hut when Well chosen also provide a Fine Wall decoration. They May be installed under the modernization credit plan of Fua. J a at for every room for that hew Home you will want Quality furniture your Home furnishings needs can easily be solved if you come Here. Our Large displays you a wide Choice of of Fine furniture offer styles and designs. Let us give you an estimate on Complete outfits. Easy terms if you desire. Liberal discount for Cash. He a our a Colony court Quot custom in ill living room display also can Supply Wall paper Anil draperies to Obiri Nohr Rose furniture co. Main fire Etc Crowell bldg. Thomasville phone Pill 243 South main Street phone 4332�?High Point new Hercules or. Automatic Oil Burner for use in your Furnace Ani Baa i a a a a i i. A Complete with All controls and factory built Nimbus Tion chamber. $8495 Small flown payment balance on easy term no More ashes. No More shovel. Ins coat. All of the Best for the least Money this new Hercules conversion ii Burner is the finest that years of experience scientific knowledge and in. Ine Erinc Genius ran produce. In extra heavy to assure quiet operation heavier railing Pius balanced mounting eliminate Velbra Tion. Modern design has done away with pulsations in the fire self cleaning fan and improved ignition banish the a a Roar common to old fashioned Burner. Can to interfere with radio reception. Hercules automatic Stoker 20-lb. Rise $149=0 a completed installed with a control a if you re looking for a Long life Stoker with a Low first Cost Low Upkeep Cost simple automatic operation the ability to extract maximum heat from a minimum amount of Coal to provide clean even heat then the Hercules must be your Choice priced As much As 35% lower than other nationally known stokers its negligible maintenance Cost has delighted the More than 30,000 Hercules users ii a. I to 4 Heil ii Quot 11 a a a a it. It. _ a mail this Coupon now a of aus. Roebuck and co i am interested in installing i m new up Millati Ano if. A1 Ino Fol in Man i pit Asi h a f Aoi it representative i All. I understand there 1s no obligation. Name a Iid it kor i at a e Sears Roebuck and co 310-323 North Nln Street phone 3 435 High Point n. C. Full cooperation needed to achieve sound Homes the government has supplied through the medium of the National housing act the mechanism which can promote an enormous amount of sound building at lower financial costs than Ever before seen but this alone does not solve the entire housing problem in the opinion of Federal housing administrator Stewart Mcdonald. A the full solution of the problem Falls upon others working in a sphere outside of our immediate jurisdiction a he declared a these others a he continued a Are state Legislatures local and municipal building and zoning authorities the building Industry labor real estate men Large financial institutions and great Industrial corporations in a word most of the elements upon the j proper coordination of w hich our whole National Economy depends. A without the intelligent inter est understanding and Active participation on the part of All these elements the problem of the construction and financing of adequate shelter in this country which has boasted the highest Standard of living in the world can never be satisfactorily solv Market for electricity in West is huge the potential Market for flee triad outlets in la Western of ate to make electric wiring sgt menu equal to today a need for convenience has been estimated at is.-791.860 outlets. This figure m inadequate wiring was reach Al by electro a1-Industi y re pie. A Tives at a recent meeting on West coast. The this is a of Model of the minimum Home. Reduced to utmost simplicity. The House contains Only living room Kitchen bedroom and hath. Typical of Many Homes in this class this Model differs in the relatively greater amount of space Given the living room. A mortgage of $3,600 on the vome a insured by the Federal housing administration after Cha appraisers assigned the property a valuation of $4,200. Monthly payment of $24.48, excluding taxes and Hazard insurance will amortize the mortgage in 20 years. F look plan traditional style favored by purchasers extreme six it not expected in influence Home buyers taste the average Home buyer will i continue to prefer a House that retains the appearance of a traditional american Home and Little effect will he fall from the sex i tamely futuristic design recent j by displayed in exposition build i Ings according to a Survey of the i architectural tastes of Home owners rce cantly completed by a Pri i sate organization. A the Basic american styles were developed out of the cultural heritage of the Early colonists a it is stated in the report of the Survey a and they represented practical solutions to Many prob Lams presented by the american j climate and the american la lid i scape. These Basic problems have riot changed. Something More j than functionalism is involved in the Purchase of a Home. Homo ownership satisfies a deep rooted emotional the report pointed to definite Mere compliance is not always enough the Mere com minimum Standar i housing admin necessarily result i eligibility for Moi because Kha Offe Lance with the i of the Federal nation does not in a property s Gage insurance tis feel that the combination of a number of Ole menu at the h i great tolerable Standard level does not Lead to a satisfactory in Ort i ago risk. Contr Jhuti ions to practical Home building w Bleb the exposition buildings Utay in a be and declared that a Wnm ont Ilyas people learn of the in Lime con sentences made possible i in in oar i n science there will Dove lot in increasing de Mand Tim it these be. Embodied in tin a Hornet they the in fluence of several vital factors i ii Home styles has Alto uniformity in foreclosure Laws is sought organization expert completion it Iii year been pointed out by Federal housing administrator Stewart Mcdonald who said that a Mere Novelly whether in plan Structure. Or exterior appearance which is unrelated to underlying economic social or climatic factors is not Apt to have a Long duration a similarly he said a Novelty in exterior appearance which is unrelated to logical developments in plan or Structure is Likely to earn the same Xot Bur Home with Tennit ski in Fie on the roof r to it Al this minutes somewhere a disastrous fire May be raging started by a dying spark or Ember. La sour Home is rooted with Kremit Asbestos Cement shingles Vou need never tear this Ever present danger. For eternity Are made of two substances Portland Cement and Asbestos Fibre which Are non inflammable. These two ingredients Are built up in lasers by a special eternity process which insures even distribution of the Asbestos fibres insuring maximum strength and durability. Eternity Are practically indestructible and will give a life time of service. They Are available in several distinctive styles and in a variety of Beautiful colourings. Eternal Are equally adapted for new construction re roofing and sidewall singling. Let us show you samples. We Lunk no charges for securing Ion a for your repairs to it to $2,500 �?�100.00 will Cost you Only $5.tm pkg month for is months a no coat to Borrower. No red tape. No Asbestos Cement delay. No mortgage required. A loan May be secured in addition to existing mortgage shingles Snow lumber co. Established 1880 efforts toward establishment of a simplified uniform mortgage Foi cd loan be Law widely regarded As a constructive Force in stabilizing the Home lending Field is being steadily pushed according to att announcement by Federal housing administrator Stewart i Donald the proposed Law has been in Dei preparation for several years under the auspices of the Central housing committee in Washington while no definite action has been taken by any of the groups sponsoring it proponents of the Law predict that it will lie crystallized into form and started on the Road to general enactment within the next year inc. \ x ions Ink Kislus organizations concerned with shaping Lim Law include the american bar association the National conference of commission err on filiform state lass the i. 8. Building and loan Tongue the investment Bankers association and officials of Federal agencies and private lending institutions interested i mortgage finance. Necessity for simplified and less expensive foreclosure procedure Lias become increasingly evident since the National housing act was amended to permit Cha insurance on Loans ranging up to 90 per cent of appraised values or. Mcdonald said. The Laws of some states make foreclosure proceedings so costly in Point of both time and Money that they Handicap the making or maximum percentage Loans and the reduction of Home buyers Down payments to the minimum established in the act. Front porch is no longer asset one survivor of the a a Days remaining to plague present Day Home owners is the front porch. At one time a wide front porch offered a Vantage Point from which to View the six objectives claimed by Cha establishment of Standard outstanding the National housing act was enacted to perform six major objectives. These ars 1. To increase the Security of Home ownership by making funds available at reasonable rates and on Tenna within the Borrower capacity to pay. This Amici part a single mortgage amortizing completely in a definite period of time in place of other and More hazardous methods of mortgage i financing. In you Rauk 2. To induce lending inst it u ii ions to lend on mortgage Security in the residential Field by of i Felting to them the benefits of the insured mortgage system. 3 to establish standards of Quality with respect to neighbor i hoods construction architecture and other factors contributing to i More satisfactory housing in Ord Jet to encourage improvement in i housing standards and conditions. I improvement in housing stand i aids and conditions will result in j better mortgage Security As w Ell As in benefits to own. I Sti i Latic by i Luing 4. To stimulate Home construe Ilion in localities where housing is needed. Such a program provides employment for wage earners in j building trades and Allied Indus i tries. Parsing teen but now the demand for privacy has led to enclosed patios and rear loggia.-. Architects View the front porch As a thing that tend to hide the House from View and to Darken the Interior. Frequently heavy cornices and deep porch roofs cover interesting architectural features of a Home such As attractive lout windows or doorways. Equally undesirable Are Many Small Corner porches set in a recess where the front and Side Walls meet because they detract front the importance of the front door and destroy the symmetry of the front of the Home. Why so Many Home owners Are financing their Home with us Rod Jap eliminated on Fua Loans by filming your i la a loan with our office tee relieve you of the red tape delay and disappointment and release your Money to your quicker. Better service through our arrangement tit submit Cha aft Plica Tion direct to the til i office eliminating the necessity of waiting for the approved mortgagee office to kiss on the application affords our customers better service int Home Loans. Consider these advantages 1. 4vj interest 5. Convenient service. 2. Loans from 5 to 25 years. 6. Fast service. 3. Confidential service. I. Friendly service. 4. Experience of 15 years. B. A loan to suit you. Lha Loans in Thomasville Anil the suburbs of High Point we invite your inquiries without obligation 160 la. Ii Ushin Glon St. Rhone 4573 it s the Quality in Marietta paint that makes it a Money saving House paint a Jaa j6 a we Ujek duality mint. Save time save Money on Sears applied roofing phone 348ft�?and our experienced roofing Alan xviii Call Mil estimate your obligations. This week s special 35 la. Roll roofing Tate. Surfaced Roll roofing. Complete with Bibb my Nail and i mein 319-323 n. Main St. Phone 3431 High Point n. Complete line of builders5 materials and hardware paint roofing Lime plaster Cement Metal lath nails Rock lath Wall Board Brick hardware because it takes or Marietta paint Marietta goes farther with it tremendous spreading and a covering Power. And above All it the Quality in Marietta that keeps you from having to paint often. Marietta paints sold exclusively at Redwine 208 North main Street hardware company a

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