100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Download this Issue

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

June 28, 1935 - Image 4

Resource type:
Text
Publication:
Michigan Daily, 1935-06-28

Disclaimer: Computer generated plain text may have errors. Read more about this.

THE MICHIGAN DAILY ___
lht Fischer Downs Malloy To Enter Semi-Finals FHA Authorizes Third All-Star Baseball Game
ise t F a y klulu}l 4 Local Banks Moves Into Largest Stadium

To Give Loans
$2,000 May Be Borrowed
For Renovation, Utility
Improvements
Four local banks have been author-
ized by the Federal Housing Admin-
istration to make loans to Ann Arbor
home owners for repairs or improve-
ments under the plan of insurance
provided in the National Housing Act.
These banks are the First National
Bank and Trust Company of Ann Ar-
bor, the State Savings Bank, the
Farmers and Mechanics Bank, and
the Ann Arbor Savings Bank.
Under the terms of the act loans
can be made for any amount up to,
$2,000, and are repayable in equal
monthly installments in from one to
three years. Charges to the borrow-
er cannot exceed for the first year five
dollars per hundred dollars, which
covers interest fees and all other costs.
For the succeeding years the maxi-
mum charge permitted by the Gov-
ernment is slightly less.
Loans can be made not only for the
purpose of painting, decorating, or re-
pairing, but for building additions or
landscaping the yard, and also for
buying equipment, provided it is to be
built in or permanently attached to
the gas, water, or wiring system.
The loans are not made by the Fed-
eral Housing Administration, but by
authorized private financial institu-
tions. However, the borrower must
comply with the requirements laid
down by the Administration.
Under a new amendment loans can
also be made under this plan for
amounts up to $50,000 for the pur-
pose of repairing, improving or pur-
chasing new equipment for apart-
ment, hotels, commercial and indus-
trial properties.
Relatively few people know that
all private detective agencies of the
state must be licensed by the depart-
ment of state. While the law was
passed by the 1927 legislature, the first
person to be prosecuted for doing
business without such a license was
recently convicted in Detroit.

CLEVELAND, June 27 -(OP) - The
major leagues' third annual all-star
ball game, after playing in the two
largest cities in the country, this year
moves. into the nation's largest sta-
dium with the prospect of shattering
all attendance records in the history
of the game in this country.
Walter Davis. commissioner of
Cleveland's giant lake shore munici-
pal stadium, said the advance seat
sale indicates that nearly 100,000
person will tax the capacity of the
colossal structure July 8.
Billy Evans, general manager of
Cleveland's Indians, said that about
$60,000 had been received by mid-
June. He anticipated a sellout of the
reserved seats. The stadium has a
permanent seating capacity of 78,187,
including bleachers. Construction of
a special grand stand in front of the
elevated bleachers, to hold an addi-
tional 10,000, is contemplated, and
the spacious stadium ramps offer
standing room for thousands more,
Davis pointed out.
Total and net receipts for the clas-
sic may exceed those of any game in
history outside of world series con-
tests. Ticket sales for the all-star
game in New York in 1934 totaled
$52,982. After expenses were paid the
net amounted to $44,322.
Expenses incurred by the American
and National leagues, including trav-
eling and hotel bills for players, the
New York ball club, the commission-
er's office, the Baseball Writers' as-
sociation, insurance, installation of
loud speakers and other incidentals,
totaled $8,659.
The game's net receipts go into a
fund for old and indigent players,
under the Association of Professional
Ball Players of America.
Davis said today that the major
league aces participating in the con-
test here will find the field "the finest
on which they have ever performed."
"There's no money in it for us," he
COLONIAL INN
303 N. Division - Phone 8876
Sunday Dinner .. .12:30 - 2:30
Luncheons .......11:30-1:30
Dinners .........5:30 -7:30

-Associated Press Photo.
Johnny Fischer, ace of Michigan's championship golf team, entered
the semi-finals of the National Collegiate meet yesterday, eliminating
the last Wolverine, Woodrow Malloy.

Wkt1s i t CHESTERFIEDS?

Well, I can't tell you much of anything
about what is in Chesterfields
B UT I smoke a good deal, and I noticed that appearance of the cigarette - the paper, d
they said that Chesterfield Cigarettes were white. The package rather appealed to me.
milder and tasted better; so I smoked a package I don't know exactly what it is, but I just
or two and found it to be true. 'em. It's about the only luxury that I enjoy;
I also noticed that the cigarettes were well-filled, think it's all right for me to have a good cigare
seemed to be the right length and the right circum- and I believe Chesterfield is just about the b
ference, and burned uniformly -not up one side
and down the other.
I liked the aroma-very pleasing. I liked the

i, " i

1l ' 11 ~ ill9 qI Q- 1 i _III

Back to Top

© 2020 Regents of the University of Michigan