VAN SCHAICK TALKS ABOUT MORTGAGES; State Insurance Commissioner Optimistic Regarding the Present Situation. FAITH IN NEW COMMITTEE Says Guarantee Is Good Only So Far as the Guarantor Is Finan- cially Able to Meet Obligations. VAN SCHAICK TALKS ABOUT MORTGAGES
Despite public misconception there is no magic in the word "guarantee," said George S. Van Schaick, Superintendent of Insurance of the State of New York, discussing the mortgage guarantee situation at the annual meeting of the Chamber of Commerce of the State of New York Thursday evening.