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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 $12Ȥ00. 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
@FedFRASER