Honor Inventor For Visual Education
; Aid and Setting Safety Film Standard
AV<;ir.dor F. Victor, the “father of the 1«» millimeter industry." is
shown with his first Ifi mm motion putuie projector (right) brought,
out in lWo, and the 15)44 product, at. ceremonies coinmemm atirig the
2i d birthday or the “coming of ugc” of the industry.
{) A VKNP()RT, IOW A- Alex
ander !•. Victor, widely known
inventor, who designed and pro
duced the first 16 millimeter
*U)n - theatrical motion picture
projectors and cameras, and
thereby opened new vistas in
education, culture, business p»>
motion and entertainment, was
honored here for his contribu
tions to the progress of visual
education at a dinner commemo
rating the 21st birthday, or the
"coming of age," of the 16 mil
limeter industry.
Tribute was also paid to Mr.
Victor for his successful strug
gle to set up a new standard of
film, narrower than the theatri
cal size, and made from non
inflammable material to protect
the public against the hazards
of fire
Speakers representing the gov
ernment, education and the in
P WOKING
AHEAD
GEORGE 1 BENSON
nfdoHtiXonK/mf College
Searcy. JekaMtao
MORTGAGE MONEY
National Resources Planning,
Board, in a booklet by Miles Co- ;
lean, predicted last January that j
residential building the United ;
States would approximate a mil- '
lion new dwellings each year for
ten years after the war. There
was an “if” in the forecast: If the
price could be held down to an
average of about $4,000. Well,
dustry participated in the «.*.■< m
memoration ceremonies
Twenty-one years ago, Mr.
Victor designed and produced
the first, Id millimeter projectors
and cameras in the world. Sev
ernl years prior to that time, he
became aroused !>y tragedies in
school houses and other places
caused by fires from highly in-»
flammable film, and started his
agitation for a new standard.
He won a long fight against
forces opposed to a change, and
Id mm film was brought out by
the Eastman Kodak Co. simul
taneously with Victor’s project
ors and cameras.
The inventor organized the
Victor Animatograph Corpora
tion here, back in 1910 ami fa
thered many inventions and re
finements that helped the mo
tion picture■ industry reach it3
present major status.
ten million $4,000 unite represent
40 biilion dollars, which is a lot
of money
The vision of a million people
planking down $4,00(1 each for a
house in a single year Is a pipe
dream. People able to make such
cash outlays have houses already.
These new houses w.U be sold on
credit. Buyers will sign install
ment notes. Debts will be pro
tected by mortgages in the hands
of life insurance companies, loan
associations and certain kinds cf
banks. Uncle Sam may insure
the mortgages.
UNFIT TO REPEAT
There is an old bromide about
history repealing itself but some
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history is not good enough to re
peat. We told recently why 9.5
per cent of government-issued
mortgages defaulted and cost the
national treasury more than $500
apiece. If that should be repeated
m ten million homes to start
building soon afier the war, gov
ernment’s loss alone would shoot
well above half a billion, and
that’s the small part.
Suppose 9 per cent of ten ml
lion new, post-war homes are lost
by foreclosure; that would be
900,000 homes. Hopeful owners
usually pay 20 per cent down,
which is $000 on a $4,000 house.
Few buyers, living in such r.
house a year, could escape a loss
of $1,000 at least, his profitless
payment for vain hopes would to
tal 900 million dollars. Worst of
all, it would come from frugal,
self-reliant, home-making people.
NEED NOT HAPPEN
The forego ng simple arithme
tic would seem pretty gloomy it'
it absolutely had to happen, but
it does not. I offers an idea of
how much tax money will be
wasted if pre-war methods are
used in financing post-war hous
es. The danger is real. All the
controls affecting the quality of
building today existed during the
boom that followed World War
One. Sorry houses may still be
built and sold on payments.
Installment home-buying is
practical economy. Discounting
notes is sound banking. Govern
ment insurance of loans has been
a blessing; saved many a family
from calamity and many a lend
er from ruin. But shoddy con
struction blights all this. It makes
neither good homes nor good
security for a bank loan. Lending
is the cue, mrotgage money is the
key to better building.
HOUSES WARRANTABLE
Buildings under construction
need competent and impartial
supervision and rating, somewhat
•
as steamships are rated, or as a
business firm’s credit is rated.
This is to protect! lender and bor
rower both against mortgages- far
out of line with a budding’s ac
tual worth. Such an agency
exists, relatively little-used, but
known to leading associations of
architects, engineers and general
contractors.
Few’ money lenders are quali
fied to judge structural fitness.
Many a home buyer never sees
h;s house until its inner defects
are hidden by decroative entice
ments. Yet buyer and banker
both deserve the protection of a
rating that means <1> a home
worth the price in working men’s
money, and (2) security for the
bank that holds the paper. Spec
ulative builders in post-war
America should have to provide
ratings for houses and stand good
for them.
A DIRTY TRICK
ON MOTORISTS
LAKE CHARLES, La.—(AP)—
Autoists here can’t park more
than five hours in the residential
district at night, and can’t park
at all from 1 to 4 a. m. in the
business district.
The city has ceeived a new
street sweeper and is running it
on a 24-hour basis to clean up a
five-months’ layer of dirt col
lected since the old sweeper
broke down. .
India has one:fifth of the
worlds’ population.
RECOGNITION
GIVEN CIVILIAN
WAR WORKERS
HEADQUARTERS. ELEVENTH
AIR FORCE SERVICE COM
MAND — The fast-growing co»-ps
of civilians working for the
Eleventh Air Force in Alaska re
ceived recognition for their con
tribution to the war effort re
cently in a ceremony at. which
208 were awarded emblems for
faithful service.
The group so honored are em
ployees of the Alaska Air Depot
at Elmendorf Field which ser
vices combat and transport plane
and supplies the Eleventh Air
Force in Alaska and the Aleu
tians.
The commanding officer of the
. • * * t ' * • » * '1
Alaska Air Depot, Colonel George
W. Polk, Jr., personally congrat
ulated each employee and told
the group their work in the fast
growing air depot was exem
plary
“In this total war it is now
i well known that victory cannot
be won oy the man in uniform
alone.’’ the colonel said, “and you
only need look about you to see
how many air force technicians,
clerks and engine mechanics you
have released lor the field. You
civilians working for the air
forces at the overseas depots can
feel especially proud.”
The War Department emblems
presented to the civilian employ
ees are sim lar to the overseas
ribbons* awarded to the armed ^
forces and indicate efficient ser
vice in the Asiatic-Pacific theater
of operations.
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HARD DRIVING
AHEAD
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