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lings, wallsa4, ow. as wel;lhoý d Sprii NIÂ YOR OME Per bous ADITypes of Autematlc >H.ofrg EqulPua -OIL BURNIRS- ABC - EAT.KtNG ý-,JOHNSON ABC AUTOMATIC 015. VREl> WATER HEATERS B#&,G MTOM*TIC OIL PIRED' WATER< HEATERS AIR CONDITIONING MJTOMATIC FUEL SAVERS WI4ITING AUTOMATIC COAL STOKERS AU Equlpment 30 DAYS' FREE TRIAL 3 YUÂRS TO PAY A BCCORPORATION Park 0046 Y Y 88<11 NAFI5.U.LUI. Gharacter Loan? There are opportunities under the Federal Housing Administration char- acter b.an which are not well under- stood by the public. These character loans can be .niade up to $2,OOO, and no mortgage is required; simply a note, Nvhich is discounted..at the lo- cal bank at a rate, not to exceed 5 percent per annfum. Witb this: money. repairs, -recondi- ioning and modernizing can be donc.: In addition to that, a, new building can beh erected witb the money. It may be a ga#rage, it May be a barn, or it May be a smiall home. The length of timne allowed on the' character loans is fromn one to five Years. Most -banks are glad to make thém, because the Federafi- Housing 'Ad- ministration guarantees the principal and interest on these boans up to twety-3 per titt of the 1ôans made by an accredited bank. REAL "ESTATE LOANS Applications for conservaf ive first mortgjag. blans are in- vited on w.il locat.d residen- fiai, éarfment and business propertii.s. Proempt service. osumed FIRST MANAGEMENT CORPORATION 10 So. La Sali. St., Chiciago, Telephone Franklin 6900 Loan Correspondent PENN MUTUAL LIFE INSIJRANCE ï COMPANY 0F PHILADELPKIA frakes Lengthy Excursion Tour. The modernizatio dollar cruae 1through niany channels following the. inception of a repair project, With the atten ding, benefits. to business, in- dustry and labor as a whole, E. L. Gilbert, eàstern editor of American. Builder mag,1azine, points out. Says dr,. Gilbert: "The' contractor who getsý the money first, divides it about, equally between-local merchants wbo furnish materials 'and labor.. The :building products mercha ntswho are de alers in lumnber, hardware, paint, electric, wire and' fixtures, plumbing goods,, sand and gravel, cernent and'morta r,, roofing niaterials, brick, glass and other items, deduct a sniall amfount- for their profit. "At the same time these merchants ezoploy cierks, stenographers, truck drivers, bookkeepers, sales people and. miscellaneous workers, ail of whom receive wages, salaries or commissions. In some cases local dealers pass the remaining money along to jobbers or wholesalers who emplov other office, traveling and shipping room workers. The balance of the money eventually reaches thie mianufacturers who employ thousands. of factory bauds, office workers, traveling salesmen and others. The manufactur ers, &f course, must pass part of the money they receive along to operators of timber cam ps, mines, quarries, and other 1 manufacturers who produce such basic productg as steel, iron, gypsum, lime, wood-pulp, etc. "At the> end of its trip through the business world the money speut for home repairs and niodernization,; for instance, will bè, fouud to have brougbt. a bit of cheér and well-be- ing into theé lives« of many,, many thousands of other, people in ail kinds of businesses." Transportation also gets its share CHAMI3ER 0F COMMERCE BUILDING, 518-526 DAVIS ST.p EVANSTON- University 3840 Highland Park 457 'ReideceSpciaiiss *1et t eN enA SA steý" LI N. La Sage. St., Chimago 1571 SLan. Ave-, Evauston Universty2mU For à& Low tis $10 fl U d. veu WInmefIrn 3440 -Gr.eelf 2716 Contractors .iâ- Büilders,