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Frances PerkinsFrances Perkins
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extent I was successful, on other grounds. I know I was with Kirkus. He told me afterwards that what I had said turned cut to be true. I said that actually if they would invest the money necessary - the bankers by quiet ways indicated that money could be had at a reasonable rate of interest - it would pay good returns. The Metropolitan Life Insurance Company and the Equitable Life Assurance Society, which are great providers of money particularly for real estate, were in our corner. The president of the Metropolitan, who was senior warden of St. Mary the Virgin Church and a good Christian, and Lee Frankel, who was then vice president of the Metropolitan, helped us. Thomas I. Parkinson hadn't come into the Equitable at that time. He came in just a little after that - very soon after that. But there were two or three men in the Equitable who took the right idea about it.

The life insurance companies didn't have very much to do with buildings, but they lent money on buildings. They began to see that they could impose certain standards on the buildings they lent money to. Without passing a resolution it got to be known that they would be interested in the improvement of these old buildings.

I predicted to Kirkus, and to all of these real estate





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