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March 8, 1929 NILMETTE LIFF 57 improvements 'in and paid for' and the WARNS REAJ.TY BROKERS land thus made -readily habitable." Dr. Albert's address at the evening AGAINST 1933 "BOOM". dinner climaxed a full day of activities ·Regional Planning Association Hears Exposition Plans. Dis. · cuss Civic Problems Warning Regional Planners and real estate men against over subdivision in preparation for the Chicago World's Fair of 1933, Dr. Allen D. Albert, assistant to the president of the Fair, last Tuesday evening, told 400 members and guet.;ts of the Chicago Regional Planning association at their annual meeting iri the Palmer House of the plans for the Centennial Celebration. "Not one single man will have to be imported to carry on the construction work for the World's Fair," declared Dr. Albert, pointing out that the fifty-three months remaining to be utilized permit of planning on a sound basis. "Each unit of the exposition is being planned in detail, to be built on a given r.schedule, so that only labor now resident in the region of Chicago will be needed. This period of over four years, in contrast to the twentyone months ';i. 'n. which the Wortd's Columbian Exposition wa'.; created, wilt permit more beautiful as well as more permanent buildings. Basing his '.Statements on the experiences of the World's Fair of 1893 and other expositions in recent years, Dr. Albert pointed . out that only the normal expansion in population and business need be expected in 1933. Unfortunate Land Boom "Just prior to the World's Columbian Exp0'3ition of 1893," said the speaker, "there occurred a most unfortunate boom in the subdividing and sale of lots in the region of Chicago; unfortunate because, as late as 1928, thirty-five years after, many of these subdivi sions are · .;till vacant, either having r eyerted to farm usc, or remaining unused in the Skokie or other uninhabitable areas. "Such a deplorable \Yasting- of money and effort, diverted from con:;tructive chan nels , must be guarded again1.3 t in 1933. Summarizing th e records of the extensive suhdivi ion of lots in the four counties bordering on Chicago-Kane, Cook. DuPage in Illinois ancH.akc County in Indiana you wilt be astounded to learn that approximately 270,000 more lots were recorded and sold or offered for sale than were abt3orhed in these World's Fair years, and if no more lots ·were platted for nearly twenty-seven years after 1893. or until 1920, there \vould be enough. in number, to accommodate the entire increase in population in these counties \Yithout the adclition of one single lot or subdivision. Thi·.3 prevailed on account of the mistaken idea that there would be a permanent influx of people into the Chi-cago area as a result of the Fair, or because of the clesi're of land subdividers to persuade many lot purchasers that such would be the case ." Would Curb Propaganda Comparing this speculative expan"ion with the Florida boom. Dr. Albert declared that the new boom in expectation of the 1933 Centennial was already gathering momentum, mentioning advertisements that he had observed which referred to the money to be made in real estate, because of the forthcoming event. "Statistical analysis shows," affirmed · Dr. Albert, "that if the experience of other great celebrations is of any value, the region of Chicago need prepare only for the normal population increase of 120,000 annually in the region. Th.us we mU'3t guard against the economtc aspects of a boom, taking land out of cultivation so that it will lie idle and unproductive. . . "The ideal we must strtve for ts a measure of self-restraint on the part of real estate men and an effort to allow only sound development with actual room may be a true and intimate expression of individuality in the real sense of the word. Plumbing fixtures are now ~1anufacTextures in Du Barry rose or Ming for the Regional Planning association, tured in such. delightfully delicate green, Claire de Lune blue or Yinfollowing directly a bri~f business se'ssion at which D. H. Burnham of Wih- tone.; or such nch shades that a bath- . cennes orchid; or if one wishes deeper netka was re-elected president of the 3hades, red with the warmth of old association, Joseph K. Brittain of Chi- term were: B. F. Affleck, Lake Forest; cago treasurer, and Robert Kingery of Rodney H. Brandon, Batavia; D. ]. Burgundy or blue with shadows deep Winnetka secretary. Five vice-presi- Brumley, Flossmoor; William Busse, from ultramarine depths. dent13 wre elected as follows: Frank E. Mt. Prospect; Samuel Insull, Jr., ChiThese same fixtures in all their Ayres, Hinsdale; Anton J. Cermak, cago; Horace G. Lozier, Glen Ellyn; beauty are of great durability. They · Chicago ; George E. Herschman, Crowl} Arthur Montzheimer, Joliet; C. E. Ranmay, if desired, be had in acid rePoint, Ind. ; Fred B. Mathis, Crystal dall, Kenosha, Wisconsin; Mrs. W. H. Lake; and Sheldon Clark, Chicago. Wright, Oak Park, and Henry G. Zan- sisting enamel, a fini·5h defying fruit Directors elected for a three-year der. Chicago. acids to spot or stain. Plumbing Now Offered in Variety of Colora With Lowest Service Charge To Finance YOUR MATURING LOAN YOUR NEW RESIDEI~CE We have unlimited funds available for any stze or type of first mortgage loan or bond issue. REAL ESTATE LOAN DEPARTMENT · FIRST NATIONAL OF WILMETTE Telephone WILMETTE BANK 4000