4 minute read
OPEN FORTIM
California Lumber Merchant
108 West 6th Street
Los Angeles, California
Gentlemen:
It appears that now is the time to make a campaign throughout California, and other States, to have the building material dealers and lumber yards write to the Joint Committee on Internal Revenue Taxation, attention of Colin F. Stam, Chief of Staff, at 1011 House Office Bldg., Washingtpn 25, D. C., to get the "Smith Bill," known as H. R. 451, out of committee and presented to this next session of Congress.
This Bill, as you know, would add a new sub-section to Sec. 6323 of the Internal Revenue Taxation Code of 1954 to include "mechanic's lienors," so that the section will read, as amended, "Such lien of the Government, however, is not valid as against any mortgagee, pledgee, purchaser, judgment creditor, or mechanic's lienor; until notice of the lien has been filed by the Government"; and the sub-section would also provide that such lien-"shall be deemed effective as of the date of the commencement of the work of improvement of the property by the lienor."
We seem to have been able to get approval of the House & Home Fihance Agency, but it ii now in the hands of the Joint Committee on Internal Revenue Taxation, and it is being considered by same. Letters to that Committee, and to all Congressmen, will be of great assistance.
This is a serious threat to materialmen of California. and other States as well, because the Supreme Court of the United States has held that, under the present law, the Government can file a tax lien and it goes ahead of anv mechanic's lien, even though the mechaiic's lien has beeir already placed of record, unless the mechanic's lien has been followed through to Judgment before filing of the Government tax lien. So, a material dealer could furnish materials and then might have to file a lien and, still,rthe Government could come along at any time and file a tax lien, and it would be against any property of the purchaser, ahead of the mechanic's lien.
It is not equitable, and a mechanic's lienor should be entitled to the same protection against such tax liens as is now afforded to mortgagees, pledgees, purchasers, and judgment creditors.
Very trulv yours.
Hayward Lumber T Tttivestment Company
Leo E. Hubbard Secretary
Edword
Frye Joins
Gordon-McrcBeoth
Gordon-MacBeath Hardwood o Prompt delivery by our trucks
Co. announces the appointment of Edward J. Frye (lef[) as sales consultant. Previous to joining the company he was associateii with Carr, Adams & Collier Co. as a merchandising consultant.
Prior to that, he served as regional manager for Gibbs Board Tile Co., Chicago, and has also held executive pbsts with Johns- Manville, Marsh Wall Products, and U.S. Gypsum Co.
In his new position with Gordon-MacBeath, Frye will be givins instruction in the merchandis- inginstructionint ing of Bilt-Well cabinets, windows and door doors, with special emphasis on kitchen layout and design. He will also be available to help train dealer personnel and conduct meetings with architects and contractors.
Large diversifted stocks of foreign and domestic hardwoods -our yard.
Immediate service on "will calls"-
Complete milling facilities
New, modern dry kilns
Centrally located o Competitively priced
lmportqnt Progress Reported in Federol Housing for Elderly
An olficial of the Housing ancl Home Finance Agency rep<irts that significant progress has been achieved under the 1956 Federal statute designecl to help provide suitable housing for thc nation's grorving nttmbers o{ elderly persons. He said that plar.rs for private and public projects thirt have been or are being developed rvith Federal stlpPort r.vould provide accomodations for nearly 25,000 nten and \\'omen 65 arrd older.
The progress report was given by Il. Itvcrctt Ashley 3rcl, directoi of Statistical Reports and Developtrrent of the federal government's overall housing agency, at a one-dav session of the Nerv York State Joint Legislativc Conrmittee on Problems of the Aging.
Enumerating accomplishments under the Housing Act
Mqnufaclurers
of 1956, Ashley said financing of rental housing projects Ior the elderly has been {acilitatecl through_a special mortgage insurance program of the Federal Housing Administration, and public lol'-rent housir-rg has been made more readily available to olcler persons through the Public Housing Aclministration. Statistics are not available for activity under a thircl provision of the legislation-helping senior citizens finance the purchase of homes suitecl to their physical and economic capabilities.
Ashley relrorted "widespread interest in almost every state" bv non-orofit sponsors in FHA-insured rental housiug for the eldcrly. FHA has appror.ecl applications for lnortgage insurance processing on 17 projects in 14 states, on ten of rvhich commitments have alre;tdy been issued. Valued at more than $20,000,000, these projects rvill house nearlv 2.300 elderlv Dersons. FHA also h:rs more than 110 othei projects in various pre-application stages u'hich envision up to 18,000 tenants in the 65 ancl older category.
All the states except Maine. New Hampshire. Vermont, ldlrho, \\-yoming, Montana and Mississippi lrre represented either by an approved application or a project in the preapplication stage, Ashley said.
In public lou'-rent housing, the HIIFA olficial reported, thc-c are cither uurler constructicln or to bc built some 62 projects which rvill have 4,610 units set aside for the elcleriy.
Uncler the 1956 Act, acceptance in public housing acc()mmodations of older persons, single as 'lvell as in families, has been facilitated. Ashley estimated that at least 5,200 elderly tenants have been aclmitted to existing public housing units u'ho prer-iouslv u'ould not have been eligible.
Correcfion:
The gentleman on the right in the above photo was incorrectly identilied as Emanuel Fritz on Page 48 of the January I issue. lle is, as most industry people would ir.nrnediately recognize, of course, Ben S. Allen-long iclentified with the redrvood inclustry of California, ancl shown here with Philip T. Farns- fhe Dependoble
Wholesoler
IMPORTED AND DOMESTIC HARDWOODS
DOUGLAS FIR PLYWOOD
PONDEROSA PINE
DOUGLAS FIR
SUGAR PINE
WHITE FIR
HEMLOCK
REDWOOD
SPRUCE
CEDAR
