Spencer Heath Archive

Item 1301

Carbon of a letter to Adam Schantz III, Ludlow Building, Dayton, Ohio

April 23, 1940

 

Dear Mr. Schantz:

The writer of this letter has prepared two pamphlets under the general title, “Real Estate — How to Raise and Restore its Income and Value.”

The first of these is a very condensed outline of the second in the form of, “Questions for the Consideration of Land Owners,” as its subtitle indicates.

The second is an argument and practical proposal for a magnificent development of the local and, finally, of the national Real Estate Interests as a positive and active business enterprise and organization having the entire rent paying and property-using public for its patrons and purchasers and providing them with essential services at exceedingly small cost of production but of tremendous selling value in a broad market of practically unlimited potential demand.

 

The first pamphlet I am now printing with the intention of circulating it in advance among persons of influence and leadership in the Real Estate organizations and then following it up with the much more extended argument and prospectus of the second pamphlet.

 

I am sending you an unrevised advance copy of the first pamphlet now being printed. I desire your comment on this as a proposed foundation plan for constructive activity looking to the actual creation and restoration of income and values.

The blight of taxation — of political restrictionism on business and employment — on the general welfare — is progressively limiting the use and destroying the demand for real estate, making it unsought for occupancy or use and rendering it economically uninhabitable and of no value. It is my desire to show how, and how easily, by the simple technique of organized Real Estate supplying and selling sorely needed services to its customers, this whole process can be reversed and values continuously enhanced.

If you think the principle I set out and the policy I suggest is worthy of being considered seriously by competent minds I hope for your encouragement in my attempt at publicizing them.

My only interest in these matters is intellectual — like those who make discoveries in mathematics and in the physical sciences. My only motive is the pleasure of suggesting and gaining attention to the immediate profits and enormous possibilities of income and value that lie in the organized administration of Real Estate as the agency of community service and welfare.

I shall be much delighted if I can have you share with me the pleasure and interest that I find in this matter and to have you imagine something of the practical possibilities that lie in the course of action the advantages of which I am trying to point out.

What is your reaction, please?

Very truly yours,

Note — The pamphlet I am now printing will be uniform in style with “Private Property in Land Explained,” two copies of which I enclose herewith for your general reference.