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WINNETKA TALK October 6, 1928 Armstrong's LINOLEUM INEXPENSIVE MODERN PRACTICAL Laid in the above home by FLOOR-O-LEUM STORES AnIndian Hill Estates Homelocated just southwest of the Indian Hill Golf Course. : You may select from the largest stock of Armstrong's Linoleum north of the loop and we welcome price comparison always Telephone Greenleaf 1941 Our representative will gladly help you select floors of linoleum that will harmonize with your fur- nishings. FLOOR-O-LEUM STORES C. BINGHAM MILLER 1009 DAVIS ST. EVANSTON Zander Names Committee to Look Into Agriculture The National Association of Real Estate Boards has appointed a special committee to make a study of present general conditions surrounding the in- dustry of agriculture. The study looks to a better understanding and greater co-operation between American busi- ness and the farmer. Thomas D. Campbell of Hardin, Montana, has been named chairman of the committee. Mr. Campbell is the head of a farming corporation which operates a Montana farm of 95,000 acres, probably the largest cul- tivated farm in the world. The committee was appointed by Henry G. Zander, Chicago, president of the National Association. Plan Apartment Building for Corner in Evanston Plans are being drawn for an apart- ment building at the southwest cor- ner of Ridge boulevard and Austin street, Evanston. The lot is 78x180. The corner was taken in trade by Theodore I. Williams, who sold the six stores, twelve flats, and nine ga- rages at 6235 North Western avenue, lot 100x150, to Kathryn R. Binder. Knipp & Shapiro were brokers. BUILDING KEEPS LABOR BUSY Labor is generally enjoying its full share of prosperity in the large cities, partly because of the greater use of mechanical power in building high wage rates and the full utilization of natural resources. BUILDING MATERIAL IS FIRM The firm building material market continues. Few price declines occurred. Such as were reported were purely lo- cal, as for example starting materials in Chicago and Los Angeles. New Home Finance Plan Is Revealed by $1,000,000 Loan What is termed by authorities as an entirely new development in home- owning financial pactices, has devel- oped in realty circles. The facts come to light in an announcement that the Home Mortgage con:pany of Dur- ham, N. C. had secured a loan of $1,000,000 from S. W. Straus & Co, giving among other security 300 first mortgages on completed homes in North Carolina. In addition to this group of small mortgages, the trust in- denture stipulates that the borrowing corporation buy a term life insurance policy on the life of each mortgagor or on the life of anyone having an in- surable interest in the mortgage prop- erty. The purpose of this is that if, at any time during the life of the mort- gage, the borrower dies, the mortgage is paid off from proceeds of the insur- ance. It was pointed out yesterday that in various parts of the country, a few real estate concerns selling lots have re- quired that the mortgagor furnish an insurance policy as an additional safe- guard against default in meeting de- ferred payments, but it was said that the placing of mortgages on completed homes in conjunction with the life in- surance feature represents an entirely new departure. James O. Cobb, president of the Home Mortgage company in Durham, is credited with the origination of the plan which not only places additional security under the mortgages but eli- minates the necessity of ever being compelled to bring foreclosure pro- ceedings to deprive a widow or or- phans of their home. All the mortgages covered by the million dollar loan are on completed properties. Do not allow less money per Evanston Showroom, TOMATIC Silent Automatic is one of the most economical of all Automatic Heating Devices. yourself to be fooled by the statement, that by using low price oil you can cut your heating bill. matic will heat your home for Silent Auto- season. Let us explain the reason why. 1620 Sherman Avenue, Greenleaf 700