Show BLUE SKY PROJECTS DIVERT MONEY I FROM HOMES I I. I i Omaha aha Build Builder r D Declares 9 I More Homes N Necessary I t to S Solve lve Problem t 01 OMAHA AHA Neb No Nov 13 Omaha ha habU bU business busi busi- ines i- i ness nes men testifying today today 1 before for tor stites States Sen Senator torl jV WH V H. H Calder 1 of of New NewYork New NewYork NewYork York chairman ot of the senate committee on n reconstruction expressed the opinion pinion that that- housing con conditions conditions' here would Improve Improve im improve Im- Im prove If more money were available for for- torl loans Investment In what he referred to as I blue sk projects ws wes mentioned by V V. Ray flay Gould president of th the Omaha Masten Mas Mas- ter ten Builders' Builders association on as having di diverted diverted di- di vented money from building interests Responding to to this statement Senator Calder asserted that the statement was made to him in Des Moines that Iowans lowans had paid out upwards o of two hundred million dollars to blue sky promoters In the past three or four years None oT the the- witnesses reported any ac actual ac- ac ual hardships because of lack of housIng housing hous hous- ing lag facilities here and Senator Calder declared declared de de- de- de dared Omaha's figures revealed more building operations In proportion to Its population than other large cities The next hearing will be held in DenI Den Den- ver yen I |