Modern cities : progress of the awakening for their betterment here and in Europe / by Horatio M. Pollock and William S. Morgan.

  • Horatio Milo Pollock
Date:
1913
Catalogue details

Licence: In copyright

Credit: Modern cities : progress of the awakening for their betterment here and in Europe / by Horatio M. Pollock and William S. Morgan. Source: Wellcome Collection.

    74/476 (page 48)
    taxes of new tenements for two years. It also provided for the formation of a corporation to undertake the building of model tenements as a philanthropic enterprise. The directors of this municipal tenement building corporation are appointed by the municipal council and serve without salary. The funds to be used in building the tenements are loaned to the cor- poration by the city, under an arrangement whereby the money is to be returned to the city in fifty years. The directors provide for the building, maintenance and renting of the tene- ments. From the income received they pay the city 3 per cent interest on the amount loaned and make small annual payments on the prin- cipal. Senator Franchetti, one of the leading states- men of Italy, is president of the municipal com- pany and is unselfishly devoting much of his time to promoting its interests. The company has already built several groups of tenements and the scheme is proving successful both from a social and financial standpoint. The genius of Rome’s new tenements, how- ever, is Engineer Edoardo Talamo, Superin- tendent of the Institute of Good Homes, a building corporation that has recently con- structed a large number of tenements. Talamo is a man of unusual ability and has made a thorough study of housing conditions. His [48]