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Show The Bankas Bank as a RebuilderIN Rebuilder RebuilderON ON IN place of a 3 per cent loss on an investment in investment investment vestment of $10000 10000 $ a large New NewYork NewYork NewVork York savlnfcs savin&s savins savlnbs & bank is fs now getting 6 6pcr 6per 6per pcr per cent profit on an au investment of of$80,000 of80000 $80,000 80000 $30,000 30000 $ , , , beciuse bcc\use bcc use because ' \ it ft had the cood good ood busi business business busness ! ness judgment to spend $ $40,000 40000 $ , in mod modernizlng modernizing modernizing ernizlng ernizing a group groulJ ot of 40) 40 40 i ) , ear old lene tene lenement tenemeat tenement ment meat houses on the 10\\ 10 lov-er lov er 10er lower \ - er East E'lSt ElSt ' Side Sidewhich Sidewhich which \ ' , hiCh it was \ ft as fOl toiced forced ced to take over on onmortgage onmortgage onmortgage mortgage foreclosure , sa say savs s an article articleIn articlein articlein In the American Amencan Bankers Association AssociationJournal AssociationJournal AssociationJournal Journal A year 01 of two t\\o t o ' \ ago the owncr owner ownerwho , who had al always ways kept up his lils mortgage mortgagepayments mortgagepayments mortgagepayments payments , began to neglect the tile prop property property property erty , it became run down and the ten tenants tenants tenanta ants began to leaeThe leaveThe leave lea\e lea e leaveThe \ The bank remodeled the buildings buildingsI buildingscompletely buildingscompletely I completeh completely ' , , putting in an oil burning burningheating burningheating burningbeating heating plant , . Incinerators and other othermodern othermodern othermodern modern changes , , ' \ with Ith the result the thebuildings thebuildings thebuildings buildings are noentirely now no\\ no notr \ \ entirely rented , and andthere andthere andthere there is (14,000 14000 $14,000 ( $ , a year coming in fn in fnstead instead instead stead of ot several thousand going out At Atthat Atthat Atthat that rate the Improvements will w1ll pay tor for torthemsch forthemselves { orthemselves themsch themselves e1io In three yearsThis yearsThis years yearsThis This same bank has done 15 other otherrenovation otherrenovation otherrenovation renovation Jobs similar to this , and aU all aUhave allhave allhave have proved profitable The bank has hasits hasits baaIts its own architects and Is employing employingseven employingseven employingseven seven painten vaintera painters who are nre kept busy con con- continuously continuously . - tinuously tlnuously . r _ r _ _ - _ . " - " y ya a |