BUILDING: Borders v. Builders

Financed by popular subscription under Government blessing, Britain's 1,000-odd building societies, today with assets totaling £750,000,000, build and sell houses, taking mortgages from purchasers for up to 90% of the cost of each house. Since they played a big part in the building boom which jerked England out of Depression, they have been held up as something for the U. S. to imitate. They have also been mopped up in court—by enterprising Elsy Florence Eva Borders, sharp-nosed, bright-eyed wife of a London cabby.

In March 1934, Mrs. Borders and her husband, Jim, bought a house on Coney-hall Estate, twelve miles...

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