We want to thank our partners for making tonight possible. Completely surrounded by a network of steel scaffolding on the washington monument. Recently was overhauled to preserve its beauty and to correct the results of years of exposure to all kinds of weather. This was the nations number one repair job. Uncle sam. The way in preserving the value and beauty of our national landmarks. They wouldnt have to be veritable human fliers as they labored 500 feet in the air at the peak of the worlds highest repair job. And here it stands in all its renewed glory, an architectural gem in the nations capital. Robert holgate, first Vice President of the immigrant Industrial Savings Bank of new york city, speaks on remodeling business property. The emigrant Industrial Savings Bank became the owner of a six story store and Office Building fronting on broadway 22nd street and fifth avenue, new yorks the ground floor was originally laid out into one small store and one large store. It was decided to remodel this large store, cutting it up into four smaller one. All of these alterations are not yet entirely complete. All of the boss have been restored before remodeling the entire space yielded a yearly rental of about 50 800 from the two tenants who occupied the space. Today, with this new layout, the yearly rentals averaged over 11,500, approximately twice the old saying the remodeling work costs slightly over 17,000. The rents will therefore pay the cost of the improvement in about three years. Moreover, the income will be safer for the bank will now have five tenants. Instead of two, and the modernized layout will be very much more rentable than the obsolete one, which would replace. Every woman would like to modernize her living room, but too often she puts it off because she thinks she cant afford it. Few people realize that a room can be completely redecorated at a very moderate cost. Heres the room that was furnished in 1920. Lets see what can be done to bring it up to date. First, you move the furniture, then replace this unattractive mantels with a simple ready built. What for the center fixture which comes down, we substitute basically. Thats the lamp. Now is to redecorating first to paint the woodwork, then paper the wall. We now have a face. Its a modern room, clean, bright and cheerful bookshelves with a window seat between a building. They are convenient, decorative and charming in redressing the windows we use casement curtains and venetian blinds. They are smart and practical, freely admitting light and air on the floor, plain the cleaning might do wonders for the old one if the design is good. And finally, the furniture is modernized. The slipcover, a few new occasional pieces, lamps and accessories and the room is complete. Not much has been seen yet. Theres a vast difference between the room of 1920 and that of 1935. These bars lighted fire letters and figured out a way to prevent fires like this by doing a little spare time canvasing they are examining houses for fire hazards and explaining how they may be eliminated from the housing act. Fireman Harry Thompson showed some of the fire hazards eliminated by the campaign. This piece of rusty stovepipe was a deadly manner. The safety of a building was endangered by the spray. Electric wiring. And here are loose bricks and a chimney was a possible source of fire. Fire chief kennedy comments on the plan. We find that almost 5 of all fires occur in buildings that need repairs to correct this, we are calling on Property Owners at examining their premises and advising them of fire hazards. We explain how they can take advantage of the National Housing act to correct this condition. So far the plan has been very successful. Homeowners are bringing songs, theyre singing new plastering, plumbing, cement, work, wiring, heating, bricklaying and painting new work going on all over the country as the remodeling Program Sponsored by uncle sam hits its most right, here are some of the results of the First Six Months activities. 248 million of new business have been created, every dollar of it protecting and improving the investment value of homes and building. In industry already has pledged over 550 million for planned and equipment improvement for 1945. Over 750,000 men are now employed on better housing jobs, with thousands more directly benefiting another line of work. If the total expenditures of the federal Housing Administration were charged against this first stage of the development, it would mean an expenditure of only 2. 32 of government funds. Well, provided each of these family homes with a paying job and renewed self respect. Property owners everywhere are making needed repairs or desirable alterations in residential, farm, building and business property. Some are using their own funds for these purposes. Others are borrowing the necessary money under the broad and liberal provisions of the National Housing act, the president s objective of a new nation of pioneer homes, improved buildings, employment of men and stimulation of trade is rapidly being realized. Every hamlet village, town and city can be made a happier and more Prosperous Community by following the president s leadership