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W i L P O R D L. 6 R A M W - E L L BROKER - REAL ESTATE - L O A N S Los ANGELES, CAL. INSURANCE OGDEN. UTAH March 13t 1945 Honorable Marriner S• Iccles Governor, Federal Reserve Board Washington, D. 0. Dear Marriner: In harmony with your report before the Senate Banking Committee a few days ago and the statements which you made relative to business property inflation, I am taking the liberty of enclosing a copy of a letter which has been addressed to the Price Administrator of your city, which conveys concrete facts and illustrations of the upsets that have occurred in Ogden business property and business concerns. I am sure that you thoroughly appreciate the existent conditions in Ogden and want to congratulate you on your vision relative to the lack of control of business properties* If you desire any additional information, it will be a pleasure for me to furnish same to you. Assuring you that Ogden citizens appreciate the recognition which you have received as a mastermind in finance and with kindest regards and wishing you continued success, I remain Very truly yours, Wilford L. Bramwell WLB/mh March 20, 1945• Mr. niilford L. Bramwell, Bramwell1 s Ggden> Utah* Dear wilford: I just received your letter of the 13th, together T*ith a copy of your letter addressed to Senator Murdock. You misunderstood my statement. The proposal I made didnft cover the matter of rental controls, but v*as a war-time tax on capital gains. For your information 1 am enclosing a copy of the statement I issued on this subject. Rent control on business property, as on residential property, may be desirable. However, it would raise a great many problems of Control and it is rather late in the day now to put it into effect. Legislation would be required. M t h kind regards, Sincerely yours, BRAMWELL'S C O M P L E T E OGDEN, O F F I C E UTAH OUTFITTERS** DIAL 4653 March 13, 1945 Honorable ¿fe« Kurdock Ünitéd St&tas Senate Washington» D. 0* Bear Senato* Murdock; As a business man and a heavy taxpayer of Ogdea» Ütah» I hereby giva you ihn following Informattoa relative lo what I coaelder a very dangerous and far^reaching practice now In vogue by Ih» ua~ sorupulous moa«y~grabbiag landlord® In oar busiaess center* Congress eaaoted law» governing and rtgulatlag reals of residence® owned by widow«» orphan« aad lh# aged, but failed lo pass a law governing basiaese properly rent», and the re sulIs are Ogden is faced wilh the greatest inflation ever known in Ogden. tents have beea doubled on a any preparile« on Washington Afian« and properly values have been skyrocketed beyoad the oapacitiee of «peolaüsed merchant s to pay the rent« assessed, the ohaia «tore organisations are bidding again«! each other and reati are so high thai legitimate business cannot operate, fe are eaolosing our aanouaoemeat of Ä<^uit Business After Tears of Operation** which you will fiad self-explanatory. fe are informed that the Dick 1 » Cafe» our leading e&tiag place was forced out of business by exorbitant rent Increases« f# have been forced to qui I » the landlord never giving us a chance to meet any advance la real» ¿s the new reator» Moatgomery» fard è Öompaayi 1« now only opeaing a mail order departida!» they will expand and I am informed by some of our best busiaess experts» the four aerchaals to the north and south of us will be forced out of business» as the same landlord owns all of these properties. the Overfleld lavestmeat Oompaay is located in Salt kake City. They have been buyers Of property here for some tiste* where same has been sold at sacrifice price« or foroed salet and then their rentals have been advanced to mareasoaable heights. The following is a coaorete example* The building we are now occu~ pying, by paying a big premium to Moatgomery» fard é Company until we can partially ol$«e out our slook» was offered to us in 1940 and 1941 f by Stuart P. Sobbt» attorney for the foha letale» for $12»000» but la April, 1941f was sold to Abe ölasmana for $11»000. Se ia tura traded same lo Overfield for some residtact property. Overfield «lace has «peal oa the building approximately $1000f making a total investment of $12»§00. He has now orowdad us out and leased the building to Montgomery» fard à Company for $300 per month» or $2400 gross annually. BRAMWELL/S " C O M P L E T E OGDEN, OFFICE UTAH OUTF1TTERS" DIAL 4653 itareh 13 1 1045 lonorabla Aba Miarâook, Fagt 3 Badueting frem tfcit a à#prtciatio» of $X36 # 00| ta&ta $R39,32ï inaur&nca $35#00î liability Inaurane* $32*©0{ thare 1s a total oparating ooat of $731.S2. ïhis deduotad from tha groas inooma of $2400 makti a net inooma of $1678*18 ô? iniraatmaat* fithout worry f troubla and irork* ïha rtaldan* fparator r#nt» hâve ba#& fro»*& and tha basi» of his net inooma is 5$ om in*» waatmant and ha muat oomatantly aupervisa ìli» holding or aama would ba ©onf iaoatad* Tha avaraga lifa of * tan dut1 A ?*9ld*&a* building, whan proptrly liiltt is ftfty ytars* J^aimaaa propartit» of «aa« eonttrmotiom hâve a llfa of ofîi hmndrad y**ars o? ovar« fa appaal to yowr oongrasatomai body to oorraot th ia graat avil and injuatioa by anaoting law» that wtll adjmst thia great dlsoftainatlon, Privata and amali ònniumt* If dooi&ad mnlas» Oongrasa ragtil&te» tha unaorupuloua ooiablnatlona and ohaia a torà oluganiaa%ion» t aa thay continually fighi the &oirarnmaut diraotly or indiraotly to promoia thair own talii sh in tararla* I am m&king thi» appaal mt to halp onr»alv»af aa wa art on th» nay out, but to bay« a rightaoua and Juat laglalation to halp tha looal marchant» to maintain tha»®alta» against mnjmft and vieioua praotloe» of landlordt and orgaatsad oompatitora» Ogdan la raputad to have mora oìaain atoraa and tomhlnation of big intaritstt than any othrr ©tty of ita aisa in Am^rioa* In a sity of approximataly 70 f 000 thata is las$ than fifty lafl of tha pionaar marohanta who h ava gi r m thair ail in support of aduoatton* oultnro protaetion and whan thai? hoya and girla and formar amployaa ratmrm froat tha aerriea* thay wlll hawa mo joba lef t for tham «ta thalr bu«inaa»a® hava baan saarifioad and oonfisoat^d by tha paraait* *Combinai Baaiaaaa* tha t ara oontroll^â by big finanolai inatitntiona of the a a a t • Cloaing my b^alnaêt wlll affaot my six sona t who hav© baaa trainad in this bnainsiaf two atênographara and four omtsid# aalaaman# ail now la the aarvlo# f who anfnot thait joba whan thay ratmrn and who ara antltltd to thasu fa thank you in advanoa for any asslatanca yom may t m û M W Im formulati a« lawa that will protaot tha amali oparalot and amali bnai«* naaa againat tha advanea of tha fraat ootopma ttBig »ualaaaaâ# who ae«kt thaï? n&im. ftB/mh Tary trmly youraf S & À K V 3 & 2 * 1 S filford t. Bramwall frop?iator BRAMWELLS I OFFICE SUPPLY F O R C E D O U T OF B U S I N E S S Lease Has Expired! AFTER 32 YEARS OPERATION ON WASHINGTON BOI LEV ARI) Stationery .» and Office Supplies 20 « to 50 Off Desks* ( lhairs, l i Irs and Sundries 20% to 50% Off The Overfield Investment of Salt b k e City have leased the building over our heads to Montgomery Ward and Company, without giving us any consideration. We have tried to huy a building, to buy out leases or rent a building between 23rd and 27th streets on Washington Blvd., but no suitable location in available in Ogden. $2(K(MM> In Book*, Stationery, Of fire Supplies, Gift Items, and Sundries Must Go £.1.000 ¡11 Furiiitiirr :in<l Fixtures iiiu*l In*soI<I b y Drrrmlx'r SI, 1914. N O T H I N G RK- w SERVED — S l u m Cane*, I)ispla\ T<'ihIe*,Shclving a m i Equipment. One Third to One HalfOK SALE STARTS WEDNESDAY 9 A. M. Dec. 27th at Sacrifice Prices SAVE CALL EARLY 2 3 5 4 Wasliinirton Bon le vani MONEY AVOID THE RUSH Ogden, I tali World Glolies Desk Lamps and Home Baskets 509 Off leather Goods and Gift Items 33*3 Off Bildes & Glorinoli Publications to *> Off