Indianapolis Times, Indianapolis, Marion County, 14 March 1941 — Page 31
FRIDAY, MARCH 14, 1941
LOANS TO HOME
BUILDERS RISE
January Volume Sets Record High of 80 Millions For B. & L. Concerns.
CHICAGO, March 14. January volume of home loans bv savings. bh ulding and loan ass iations of the United States showed a subRtantial 1'e 8 S¢ ot he precening for he consecutive time According 0 % 1 it o¢ St <Q Savings and Loan Leaoue years $80.412000 of loans Yecorag |} igh for an Januar the fizures were 3 1 This figure ic =a sle the volume of five vears aco and 20.1 per cent greate: last vear The volume for each Type A siriink rand Construction Q 10 Repair and modernization 24 000 Home purchase )7 809.000 Wy Refinancine 13 45.000 Other purposes 8 340.1 00 £30 440 000
SOW EVERITT'’S LAWN SE ED
Free of noxious weeds i £1.00 10 Ibs, S300 ih > Ss <2 38
BERTH A7ER
Shady mix
Dont Apologize MODERNIZE!
“WE FINANCE ¥ LERNIZATION
REPAIRS
f
Ki
ITE TE CIRCLE EN
venue MpirnaPoUS, thbiRnR
SATISFAC
Install Balsam-Woo
for one year. If you are
tages of Balsat-Wool—if it ha
given you will be refunde BURNET - BINF
1401 W. 30th STREET
B \LSAM-WOOL SE:
| gr i the { nation { cordings
} Other mortgagees
TION GUARAN
| Sealed Insulation in yout not entirely satisfied with s not helped you seve fue
one ¢ home greater year around comfort=—your m y
d—plus the cost of
ORD LUMBER CO.
From an Eyesore to an Asset
Even a house which has been condemned as unfit for habitation can be turned into a comfortable,
home as Railroadmen’s Federal Savings & Loan Association did with this structure. before reconditioning was a neighborhood evesore.
house, left,
After modernization, right,
The rear of the the home's
attractiveness caused considerable reconditioning and painting by owners of ‘neighboring property.
HOME FINANCING Good Plants, Planned With up 17 PER CENT Care, Add to Joys of Home
io January Total Drops 6%
From December, Federal Board Reports.
WASHINGTON, Home financing in per above that 1040 of
cent economists Loan Bank
They added
Home ' nal decline December January. A total with an 640000 were t during
nares wit
to
reas Januar to $262 December, 1940, 115.907 mortgages, $326.624.000. Savings and loan still the leading up, and did almost
as
The by this
urban types January year Jan. Savings and loan associations Insurance companies
# Banks and trust com-
panies Mutual savings banks Individuals
attic.
application.
March Januar for the Board there of 6 per
of 109.689 home mo: aggregate value recorded
h 95.861 mortgages a 683.000 in Jam tot als amounting
SOC home oneJanuary home financi mort of and ij vear ago were as follows: 1911
TR.977.000 12,931,000 . 53.801.000 414,154,000
TEED
Use it the advan- | and
14
was
nortegages of in This mon ary,
iations
gage
lenders
Jan,
21.1
£1.005.000
TA-LBOT 3315
{LED INSULATION
Let us
heal
Allow
82nd St Indianapolis-
FREE
have most of the Wwe help
ds. (titul groun
our exp
“the right
il This " the Proper Season
to Select Your
SHADE TREES
good v
v ou plan
erts 10 plant in
oi clang SPIT (11 |
EAGLE CREEK
NURSERY CO. «rree PHONE *
and Lafavette Road (Road 52) Address: PHONE SERVICE: F r——_ ov T- OF. TOWN PE OPLE VISIT ov 'R NU RSERY
CO unty 2361
avietics. for more
n : you © advise "
New Augusta, Ind,
in acta
WA-2
—"
2420
y was 17 January, Federal reported a cent from
$307 .~ urban int1940. were to
are morteage third of 1g in the rein January a
“It takes a heap of plantin’ to make a house a home.” Eddie Guest didn't say it that way, but the parody makes sense to home builders. Prospective builders should pay serious attention to landscaping.
| they savy.
1910
SR9 996 A000 STL T1000 27,891.0600 189. 100 66.312.000 10.320.000 18.0226 000
| title,
security
gated, such ac whether or not any, | easements or rights-of-way have] been granted which, for instance,
Most people, when ordering shrubs and trees, make the mistake of try-
ing for their final effect too soon. They forget that shrubs and trees grow. They plan the greenery so
that it will harmonize at once with the lines of the house, and then are surprised in four or five years to find that the live trimming nas com
pletely changed its contours One method of avoiding this ' landscape architects say, is to use compact-growing plants, Yews, Japanese hollies, mountain laurel and dwarf English boxwood are a
few varieties that will stick within reasonable boundaries. Small and medium-sized trees are preferable to large ones, for the smaller tree is younger, growing. The size and type of house also is important in planning the living frame. It is obvious that a profuse arrangement of shaggy, rough shrubbery and hardy trees is out of place when it is found in the midst of formal lawns and clipped boxwonds. When planning landscaping, home builders should make a rough sketch of the permanent effect desired. Then, in conferring with the landccaper. the necessary
LEGAL INTERES VITAL TO BUYER
Many Often Forget to See That They're Protected In Transaction.
forgotten most immy lega protect
often is a are may I
A question most by buvers of homes portant one--“"What interests and how them?” Before purchasing a property which has been found acceptable from a standpoint of residential possibilities and investment value, the owner should be asked about his property title. If the transaction should be a complicated one, the services of an attorney be secured.
It may be that the owner holds it! That means he owns|
in fee simple. it outright. Or he may say that his interest is a leasehold one. "he buyer then should inquire if the lease is renewable at the option of the lessee, and, if it is not, how much longer the lease has to run. All of these different kinds of tenure have a bearing on clarity of Some mean much to a buyer, some little, as for instance, if the owner holds a lease for 99 vears and it is renewable. This is for all practical purposes outright ownership. The buver need have no further concern,
The buver should also obtain an|
abstract, which is a brief summary of facts, a certificate of title, or a policy of title insurance. If the property is to serve as for a mortgage loan, the institution making the loan will request some such evidence of good title, Other aspects should be investi-
might permit an adjoining property to have a thoroughfare or allow publie utility companies to lay pipes through or run lines upon the property. The seller should be required to establish the boundaries and check the description of the property.
more vigorous and faster
changes may’
| synthetic mineral
should
be made on paper, rather than vears later when it means uprooting much of the planted greenery.
Naturally much depends upon the
difference in houses and settings, |
but there are a few general rules which may be followed. The first is to frame the house and lawn as much as possible—do not clog. Plant
so that the house becomes the cen- | to a total of $100.,000,000,
ter of the picture and keep the lawn open with shrubs and trees in
irregular borders and clumps on the side. Plant in masses or groups wherever possible and avoid scattering and mixing individuals of different species Don't plant too close together.
I'he proper way is to place the most important plants in the group far enough apart so they can keep on growing. If the spaces between seem too open, and you are impatient for an immediate effect, you can
fill in the vacancies with temporary |
material,
is necessary to produce a natural
flowing line from ground to house,
to soften the lines of the building and to screen objectionable features. t is better to spend more money on hardy types of plants that are sure to thrive. They should be obtained from good nurseries where [they have gotten a good start. Most | attention should be given them while thev are still voung, and their | vitality should be protected with lgood soil, food, water and cultivation.
STRENGTH ADDED TO ASPHALT SHINGLES
ecent improvements to asphalt i to color processing have added vears to the life of an asphalt shing le By adding asphal 1t tougl ened. asphalt
certain minerals to has been tempered and More of this tougher has been forced into the
| felt base of the shingle through the
development of new machinery, and colors, baked on to the granules which comprise the top surface of the shingle, are now brighter and more dirt-resist-ant.
ry as i
hile |
Tu rr
4) % FHA LOANS UP TO 00%, Conventional Leans te 85%. UNITED MORTGAGE CO, INC, 315 LEMCKE BLDG. LI. 3478.
Be sure to previde
up-to-date arrangements so that telephone wiring can be concealed in your new or remodeled home. A simple, inexpensive conduit inside the wall carries all necessary wires for your present and future telephone needs. For details and assistance, cail the telephone company and ask for “Architects’ end Builders’
Service.”
INDIANA BELL TELEPHONE COMPANY
Home Ownership
Unlike Payments
Mortgage Loan Is—in Part—a Financial Addition to Your Personal Estate,
Oelonial Mortgage Loans Are Available Without “Red Tape”
COLO
Cutting the Cost of Housing Is accomplished through
of Rent — Each Monthly Payment Made on Your Home
Investigate Colonial's Various Home Loan Plans Coms In Today for Free Consultation About YOUR Homa
SAVINGS §& LOAR ASSOCIATION
SOUTH ILL. BT,
- Member Federal Savings and Loan Insurance Corps
ET
4
NIAL
Oldest Loan Brokers In the Btate
The CHI
LOANS
CAG
146 E. WASHINGTON ST.
A on Everything!
Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete.
JEWELRY CO, Ine.
————
THE INDIANAPOLIS TIMES
Some planting at the foundation
"hampered,
PAGE 31
NEW LAW URGED 700 Volumes on Home
Now in Thompson Alcove
T0 AID HOUSING
FHA Amendment Favored To Stimulate Building Of Defense Homes.
A new field of private activity in defense housing would be opened under the proposed new Title VI which would be added to the National Housing Act (FHA) by a bill now before Congress.
According to Philip W. Kniskern,
Philadelphia, president of the Na- | Estate |
Real legislation FHA in-
tional Association of Boards, the proposed would set up a fund for surance of mortgages for defense | housing which would be separate from the insurance funds that back up ordinary FHA home mortgages.
The measure would authorize {mortgage insurance of loans to builders up to 90 per cent of the
appraised value where the principal obligation ranges from $4000 on a single family dwelling to $10500 on a four-family apartment building.
Only Owner Eligible Now
Insurance of this kind is now available only when the dwelling is to be owner-occupied. The builder under the new law could offer the structure either for rent or for sale. This special insurance is limited and would expire of July 1, 1942. So far as defense housing can be supplied through private effort rather than through direct Government building, it can be created with closer relationship to the normal urban development pattern and
automatically
as
hence with less adverse effect on other existing housing; it will have greater salvage value, and it can employ normal construction machinery, Mr. Kniskern believes, Want Title T Continued The Association is urging that Title I insurance on loans for construction of small homes be con-
tinued for another year. If the time is not extended, this tvpe of loan insurance will expire July 1, 1941, Since ability of a property to qualify tor this insurance is an important element of its salability, the Association feels that all existing homes would be unnecessarily depreciated by the expiration of this law, New construction would also be the Association out, since for most purchases of a new home there is involved first the sale of a previously owned home.
ERNSTING Construction Co.
Brick, Stone, Concrete Construction— Tuckpointing—Damp Proofing Residence and Commercial 4210 N. CARITOL Hl
[AND
points §
“I think the home should possess
such artistic qualities as will have appealing beauty. Its attractiveness measures, to some extent, its influence. To be beautiful it need not be expensive, but beauty of line and harmony of color can be only by study and understanding.” Eleven years ago, Charles N. Thompson, Indianapolis attorney, said that in presenting the Public Library with a perpetual endowment of $25,000 to establish a collection of the finest books on the American home as a memorial to his wife, Mrs. Julia Conner Thompson. Mr. Thompson supplemented this with a contribution for the immediate purchase of books. Today the Julia Conner Thompson Collection is one of the best in the nation. Seven hundred volumes have been elected for it &t the Central Library. The collection includes information on the planning, designing and decorating of the small home; period architecture; interior decoration with furniture; rugs and drapery; landscaping of private grounds; flower gardening and the domestic crafts
A few of the titles in the collection [ee
are. “Practical Book of Furnishing the Small House and Apartment,” by Holloway “Furniture for row,” by Simons. “Decorative Draperies holstery,” by Thorne, “Modern Interiors,” “New Interior Decoration,” by 'odd and Mortimer, “European and American Carpets and Rugs.” by Faraday. “Lighting Fixtures from the Middle Ages to the Middle of the Nineteenth Century,” by Benesch. “Practical Book of Chinaware,” Eberlein & Ramsdell. “Landscaping the Home Grounds,” by Ramsey “(Gardens Houses,” by “Colour Garden,”
Today and Tomorand Up-
by Hoffman.
hy
for Small Jekyll and for
Country Weaver, the Flower
Schemes Jekyll,
ZA
House Print
by
CTY WHITER!
VR LE LE LH [1:13 209 W. Washington St. © (URL)
GEO. J. EGENOLF
MACHINIST 1815 W, South LI-6212
achieved |
“Giardens of Celebrities and Cele-
brated Gardens in and Around Lon-
don,”
by Macgregor, Whiie most of the books in the I'hompson Collection are reference
works, many of the titles are dupli-
cated
!
y terial which may
and ome use
may be borrowed for
THWARTING TERMITES Before constructiem, move and burn all tree outs, old boards, logs or other ma-
furnish food and termites.
HOXSIER
starting re-
shelter to
~FENCE—|
Factory, Lawn, Farm, Estate
stumps,
ROOF TEST IS SIMPLE
To locate a leak in the roof in dry weather, a garden hose ean be played on the approximate location,
ST E— Beautify
YOUR HOME BUY
“Custom Built”
ACE
of
The Better Kind
® free estimates f.h.a. terms
Mfg. and Installed by
ACE
Blind Company
STATE-WIDE SERVICE Ray C. Roberts, Owner Free Estimates—Easy Terms To . Call HU-8361—Night, HU-666s | | 86 Virginia. PR-030 a ——————————— Power Lawn Mowers Winkler Automatic Stokers Hand Lawn Mowers
¢. KE - io
Repairing 43 S. Delaware St.
GRIENER (COMPANY PARK, CEMETERY, GOLF COURSE, LAWN EQUIPMENT, GRASS SEED and FERTILIZER Sharpening, Parts, Indianapolis
Wholesale and Retail
Garden Tractors
MA-4538
AS LITTLE § AS THIS—
25
CAAA
Divided Sinks,
Xe E. Ohio St.
a HOME of vour avn "1000 2% 4250
You can buy a home now with an F. H. A. insured: loan with ) as little as 109, down and low monthly payments just like rent. Come in and let us show you how you can own your home
"2d
WE HAVE FOUR UNDER CONSTRUCTION FOR SALE
AND 7 MORE TO START SOON SEE THEM! 1900 BLOCK N. BOSART Iiving Room, 2 Bedrooms, Bath, Kitchen, Dining Room or Dining Space, Full Basement, Laundry, Garage, Hot Air Heat, New
Celotex Insulation,
BUY NOW AND MOVE IN THIS SPRING DURING THE PAST YEAR WE BUILT AND SOLD 30 HOUSES
GEORGE Q. Le
Is within your grasp!
Per MONTH BUYS YOU A HOME!
Door Chimes,
Hy)
Yes, it's a fact,
lot of gas.
See the
1215 N. Meridian 720 N. Meridian
951 N. Méridian
1035 N. Meridian 1133 N. Meridian 1302 N. Meridian 24th and Meridian 57 W. 38th St. 961 N.
Meridian
3759 N. Illinois
Dealers In
Ace Motors, Inc. Roy Wilmeth Co.
C. H. Wallerich Co., Lat (N. E. Cor. Meridian and St.
Johnson Chevrolet Inland Motors, Inc. Hickman Olds, Inc. Hoosier Cadillac Community Buick Hoster-Hiser, Inc.
Knippenberg Motors, Ine.
winter prices are still available, but not for long. The next week or two will see the beginning of rising prices, so why wait-—buy NOW and save the difference-—it will buy you a
North Side Chevrolet
AND to Get More Fun This Spring BUY NOW While Winter Prices Are Still Effective
A visit to the used car stores and lots will really Hundreds, ves thousands of await not only look great but they
give you a thrill. bright, shiny cars they and perform perfectly.
Real Values Offered By These Reliable Today's TIMES
Want
36 E. 63d
Joe)
400 N.
2444 W.
324 N.
’
East Side Chevrolet 5436 E. Washington
Frank Hatfield Co.
623-25 N. Capitol Ave.
Washington Auto Sales Capitol Ave.
West Side Motor Sales 2419 W. Washington
Essig Motor Sales 16th St.
Abels Auto Co 1030 N. Meridian
Northside Motors, Inc. 2017 Central Ave.
McGinty Sales
Delaware
Meridian Loan Co., | 820 N. Meridian
30th &
ne.
Monarch Motors 1040 N.
Superior Chevrolet 544 E. Washington
Harry A. Sharp
443 Virginia Ave,
Fred Williams Jr.
850 N. Meridian
Jones & Maley, Inc.
2421 E. “Washington
Meridian Pontiac, Inc. 840 N. Meridian
Howard Holcomb Pontiac 3209 E. Washington
C. 0. Warnock Co. 819 E. Washington Gates Motors 3327 N. Illinois
Rodocker Motors, Inc. 2606 W.
Propst Motor Sales Lot Ohio and East Streets
JER
inspection. And run quietly NOW and SAVE.
your
Buy
Ads
Meridian
Central Sales Co.
Michigan