‘- Saturday, May 3, 1919 CAPE MAY STAR AND WAVE Page Three

\ifTe (058 / | B ST 3 het] You will, of course, subscribe liberally and}, thus help your Government to pay its War debts. |. b v Pe o Ce SAD as o i The notes mature JJ Code: |M E74 Or are redeemable at the option of the Gov- e ernment on June 15th or December 15th, 1922, at |I par and interest. f We shall be glad to receive your stibscription k of any of the following plans. h 50 weekly instalments, i ) O cor P sa C Cad full Ll CS@ Li 0 At the time of subscription 10% September 9, 1919 July 15th, 1919 10% October 7th, 1919 Augast 12th, 1919 20% November 1ith, 1919 *(with scerzed interest on deferred instalments) Subscribe today. Help bring the boys home. h Cape May County will go over the top if you! do your patriotic duty. a Security Trust Company| Cv oM F \ a o 3s He Hp a

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Lol ») 5 B Wo 43 hOUSE FURNISHINGS AT FACTORY PRICES TERMS CASH 194-06 Jackson Street, Cape May.

BLUE PRINT PRNCILS, best grade CO., CAPE MAY N. 3. FOR SALE-QUARTER — Horé®, Wagner Motor. For sale for want of use. Apply A. D. Reeves, Merchants National Bank Building. Petition Forms for City Comminon on sale at Star and wave Station | ery Department.

NY — HOMES NEEDED HE GREAT SHORTAGES | opr HOMES IN CAPE MAY corxty I8 ATTRACTING THE ATTE. TION OF INVESTORS, BUIL. DERS AND SUPPLY MEX Tw edhibl representatives of buildng and loan associations, from alnast .c xection of | the . United tates, in a recent conference in Warhigton, formulated the following stateent on building conditions: "In normal times, under normal conions, it required the building: of bout 600,000 homes per year.to suply the normal growth of the country nd replace the lossers occasioned by e and other destructive agencies. or the past two years, owing to "At this time there is a shortage f homes in America of nearly a milrork feasible. "The demobilization of the military d naval forces now in progress, and e release of workmen from the shipwilding and munition plants and other ‘ar industrics, furnishes the supply { labor, the lack of which has hamse of material and | transportation hich so largely contributed to block afreen for home-building loans. WHAT OF PRICES? The general thought is that the rice of materials is too high and our nak priainediprsen, beaasid uni On the other hand, building materials have increased 109 per cent. . Beguized vicious spiral-first, increased price of materials, and then increased price of labor. When the armistice was signed and a lot of people threw newspapers out of their windows, no fundamental change took place which would alter the economic tendencies, the inertia of thee Pigg naturally persist until decreased _ consumption wi PrwbSh bad times, or increased production with attendant cheapening of commodities. CONSTRUCTIVE POINTS When building stops in a communtty, that community begins to run down at the heels in the bousting of ite exidents and business. ‘There is a real estate scrap heap. The building industry at the begin. ning of war, though unorganized then, ‘produced. modern, fire-proof, hygleaic buildings at leas cost than the men who produced the old fashioned city buildings of 20 years ago-this in face of changes chi in value of dollar, Pope" fists and industries are dependent on vials for trades. . Some oi Pion Price cement, ce copper, tin, glass, lumber, . gravel tile, lime, mails off, paint, plaster, P8 30 sand, steel, stone, terra. cotta: #10¢ oin Some . need ois tng i industry | 1s . qulckest id mast easily moved in a given lo7 to employ Tabor — It needs no t, no locativts 10 large capital to moma

The construction industry-- | (1) Gives increased value to land; ‘ (2) Creates taxable property and | bases of credit; (8) In essential to all other activ. | One-sizth of the labor of the county is in building lines and earns $2,000,000 per day. This labor requires $1, 000,000 per day for fod. piacsiiige Ruartyrelil | Thrift results in saving. — Saving Money which we have naved during the war by deferring building did not increase our national wealth, but is a deferred charge on the Nation. . It in part of our war debt, which must be paid now that the war is over. Without closet cooperation, radical changes brought by war will inflict great hardship on unskilled labor dur ng transition period, Cooperation will stabilize building activity during reconstruction, There can be no waste greater than that of idle labor, Idieness in lmbor cost the Nation in products of industry and expense in maintaining. idle laborers and dependents. J. D. Rockefeller, Jr., says: "Industry, efficiency, and initiative, wherever they are found, should be encouraged and adequately rewarded sand dullness indifference, and restriction of production should be discountennnced, . The most potent measure in brin,in= about industrint harmony and prosperity is dequate representation of the parties [In interest." RSeerctary Wilson: says tion of work olly for the q

giving employment to somebody is so much waste. The Government does not owe every man a living, but does owe him the opportunity to earn a living." There is a great shortage in build ings. The number of cuble feet per capita has been decreasing for seven years. Increases in rents reflects shortage in supply of buildings. The building industry is composed of several hundred trades; involves vant variety of material; uses skill of architects, engineers, and contractors; must have cooperation of finance; includes real-estate intrests and . loan agencies. Although public works . may — temporarily absorb labor and material. the ultimate economic basis . for normal conditions must rest on private construction, Increase of rents rmines the cost of living generally-food, clothing, etc.and is cumulative. Shortage of buildings increases rents. "Thrift Turns Savings Into a Home." Thrift not only saves intelligently but it puts savings to work; not only does it save a dollar but it puta that dollar whera it will thrive, where it can earn and labor for the welfare and comfort of its owner. On account of suspended building operations during the war the United States now needs almost a. million homes. That means rents are high. If you don‘t own a home you must pay tribute to the hard nocossitics which have brought about scarcity of homes. Unless home building gets under way immediately, whon our millions of soldiers return to civil life and when our thousands of war workers who have been living in Govemment buildings get back to where th .y must have apartments and houses, rents are going to be higher. Thrift of, the inteligent will put d A e c ent. expenses may be escaped.. Pres ent savings to work that future rental expenses may bo . c Prosont vings invested now in a home will emancipate your pocketbook from the demands of the rent collector, Be intelligently thrifty. BUILD NOW IN CAP: MAY COUNTY.

"LETS ALL BTOP WORRYING AND GET TO WORK -Chamber of Commerce Bulletin. " Prices will never return to the old pre-War level. Business men whe holding . stock prices are chasing a attitude, and ye ve been. insign reason is that we are on our new: high-price level, which will be found stubborn‘ reality. | Busineas men are e _ mi o the one who finds out the l acts, and acts accordingly." By Prof. Iiving Fisher, ¥ale Univer» sity. "Prices are not coming down im America. ‘The manufacturer who is halting on the theory that the bottom is going to drop out of raw materil vil find the bottom out of hin busl« ness before it is out of raw ronterial. Mai rg aoshank "Hl is waiting un can purchase cheaper ear Fer have his store closed by the al hoods and no way to get cheaper upon his shelves. The man who has denied | himaelf-atinted himself during the period of the war-and who in now husbanding his resources upon the theory that prices ure going to take a tumble, may succeed in washing his shirt to shreds before he cam buy a cheaper one." pra Pionfbinnionied pl s Cl shall, — "Prices of material and labor will not be lowered for a long time," is t opinion of Clarence W. King, a prom inent architect, in an addres before the Shreveport Rotary Club, . Hin api nion is eclioed by all who have made a careful study of conditions, The United States Department of Labor has started an "Own Your Own Home" campaign. | Many cities have organized local associations, promoting buildings of all kinds, and spending real money to make it a success. ---meas ___ Typewriter Supplies at Stat and Wave Stationery Department. . Keytone Phone 80. Ieiatommventsroarmemmnent FOR QUICK RESULTS PLACE AN AD WiTH U8

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