Housing funds heard in joint committee hearing on banks
Officials from Equitable Life, Williamsburg Savings Bank, Melrose Life, and others testified on how lenders will back housing amid expected federal bond issues. They debated new mortgage money, proposed federal home loan bank measures, and rising building costs with a next hearing set for Monday at City Hall.
MENTIONED IN THIS ARTICLE
Joint Legislative Committee On Housing
City Hall
William A. Day
Equitable Life Assurate Society
Seretary
Treasury Glass
McCay
Charles C. Lockwood
Treasury
Day
Mr. Dey
Loeckwood
Léterio
Janey
Victor A. Leisner
Contealler
Williamsburg Savings Bank
Brooklyn
Walter Stabler
Melrose Life Insurance Company
Lekwood
Cal Tr
United States
Senate
Department of Labor
Eloan Bank
Alfred E. Marling
Chamber of Commerce
Clarence H. Kelsey
James P. Holland
Fabor
Archibald
Marling
Hikins
Horowitz
Opposition to Government Aid for Home Building
A speaker argued that government assistance in any form for home construction would be unnecessary and undesirable, stating opposition to federal or state aid programs. The remarks highlighted a preference for private funding and individual responsibility in housing.
Deny Untermyer charges on housing loan blame
Kingsley of New York Life and Peabody of Mutual Life publicly repudiate Samuel Untermyer’s claim that insurance firms blocked housing finance. They argue life companies mostly hold government bonds, have funded war efforts, and deny conspiring to restrain real estate lending. Other insurers issued letters defending their positions.
MENTIONED IN THIS ARTICLE
Pegeve Untermyer
Darwin P. Kingsley
New York Life Insurance Company
Charles A Peabody
Mutual Life
Nathan Hirsch
Untermyer
New York Life
The
Equitable
Kingsley
Samuel Untermyer
Ife
Wall Street
New York City
Samuel
New York
Mr. Untermyer
Insurance
Belgium
Life
Newark
United States
Townley
Trotzky
Greystone
Peabody
Federal Rail Deficit Hits 58 Million in April
Director General Hines announced a $58,000,000 deficit for April, bringing January–April shortfall to about $250,000,000. He said conditions are too unsettled for a rate increase and promised economy measures while noting wage and materials cost rises.
MENTIONED IN THIS ARTICLE
Washington
Hines
Railroad Administration
A&d
Tooth bite clues expose candy theft by youths
Detectives linked two 14 year old suspects, John Herlihy and Herbert Heins, to a Nut bar theft at William Hamson’s candy factory on East 134th Street. A chocolate bite with a missing upper tooth matched a sampler’s mark, leading to confessions. The boys, charged with juvenile delinquency, were taken to the Bronx Children's Society.
MENTIONED IN THIS ARTICLE
McKarney
Hand
Alexander Avenue
William Hamson
East 134Th Street
133D Street
John Herlihy
Herbert Heins
East 144Th Street
Mcllarney
Ken Heins
McInarney
Bronx Children’s Society
Theatrical Producer Held in Navy Robbery Case
Frank Kay of 540 West Thirty sixth Street was arrested by Detectives Dennison and Fitzgerald on charges of stealing silverware and government property valued at about $20,000 from the naval training station at Pelham Bay Park. He was arraigned before U S Commissioner Samuel M Hitchcock and released on 1090 bail. Two actors Max Cooper and Edward Christianson were named as material witnesses. An Ensign still in naval service is named as a co defendant for aiding and abetting the looting.
MENTIONED IN THIS ARTICLE
Frank Kay
West Thirty-sixth Street
Dennison and Fitzgerald
West Fortyseventh Street
Pelham Bay Park
United States
Samuel M. Hitchcock
Kay
Edwin M. Stanton
Richard P. Olney, Jr
Hitchcock
Max Cooper
Edward Christman
Cass
Ensign
Naval Service
Powder Explosion Triggers Wilkes-Barre Mine Inquiry
Ninety miners dead after five kegs of black powder exploded in Delaware and Hudson No 2 Tunnel. Thirty five hospitalized with several in serious condition as State Mine Department begins inquiry with district inspectors present. Testimony cites trolley wire clearance and potential ignition sources.
MENTIONED IN THIS ARTICLE
Wilkes-Barre
Penn
Aor i
Delaware & Hudson Company
State Mine Department
Joahn MccGroarty
Danil James Kehoe
Four arrested in Albany area robbery case
Patrolman Joseph Curtis arrested an 11 year old boy, Samuel Yornacks of 212 Clinton Street, and three Bronx men Joseph Brill Ira B Casper and Jacob Walkheiser all of 1365 Intervale Avenue facing a joint robbery charge. Casper claimed prior Bank Examiner status and carried a pistol permit from Albany authority.
MENTIONED IN THIS ARTICLE
Albany
Joseph Curtis
Samuel Yornacks
Clinton Street
Joseph Brill
Ira B. Casper
Jacob Walkheiser
Intervale Avenue
Bronx
Curtis
Bergen Urowsky
165Th Street
Yornack
Casper
Also Mentioned on This Page
YS Glass
Equitable Life
Ifuis J. Horowitz
Thorpson-Starrett Company
Mininutes
Federal Rail
NAVY
Pelham
Boston Garter
Philadelphia
I. O. B. Mfg. Company
Sales Office Real Estate Trust Bldg
Park-Taylor
P.T
Palm Beach
Priestley
Park- Taylor
Broadway
Cortlandt St
Broadway Bet
46Th St
149Th St
Bet
Third & Bergen Aves
P. T
Custo
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