Word: holcing
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...houses, but Ellerslie Avenue's brick rows are more typical. The section chosen for the experiment comprises about 1,600 homes in 50 blocks, is bounded on one side by swank Guilford, on the other by Baltimore's Municipal Stadium. In cooperation with the Baltimore Housing Authority, HOLC will make a survey to find out "what is necessary to fortify and secure residential values . . . and provide a pattern which can be applied to communities throughout the country." Cost of the survey will be $25,000, of which WPA has been asked to put up $14,152 in wages...
...survey will involve appraisals of every house as to present value and cost of needed repairs. HOLC figures that financing such repairs would make its mortgages more secure, give mortgage companies more scope for investment, reward the city with sounder tax values, besides assisting the building industry, raising the local standard of living. Boasts HOLC's Maryland Director Herbert L. Grymes of his reconditioning division: "For every dollar we have spent in improvements, the properties have gained $2.44. . . ." Last week the U. S. Government also did the following for and to U. S. Business...
...labels.) This proposal angered both regular party organizations because it meant depriving one of them of a place on the ballot. The Republican organization put up Milwaukee Manufacturer Julius Heil. Democratic chieftains and the State New Deal machine got behind young Jerome Fox, who resigned his job as an HOLC attorney to make the race as a Roosevelt man. Coalitionist Henry, no New Dealer and deeming the Republican nomination better than the Democratic, thereupon called on his Democratic supporters to vote for him in the Republican primary...
Last week, Widow Sadie Monssen, 50, had not been forgotten by other agencies of her Government. From the Veterans' Administration she has been getting a $30-a-month widow's pension. From WPA her daughter has had $24 a week relief pay. From HOLC she received a notice that her home in Brooklyn would be foreclosed because she could not raise more than $35 of the $65.56 due monthly on her loans and owed $967 back interest...
...them about Republican Vice Presidential Nominee Frank Knox's declaration that no insurance policy is safe today (TIME, Sept. 21). Taking the cue, they announced as they emerged that life insurance company assets were up $3,000,000,000 since 1933, called attention to the fact that FCA, HOLC and RFC had bailed insurance" companies out of some $523,000,000 of troublesome assets, declared U. S. life insurance policies "the safest of all possible securities." Later when newshawks asked him if the conference was, in effect, a retort to GOPartisan Knox, the President replied: "Res ipsa loquitur...