, 1874-03-27
LOCAL MISCELLANY.


REAL ESTATE EXCHANGE.
About LIZ real estate brokers assembled yes
teri}ny AFTERNOON at Room 10, Boone Block, cor
ner OF LaSalle and Madison atreots, for tho pur-
poso Of taking measures to organize Real Es-
into Exchange, similar to tho cue existing in
Now York City.
THOSE PRESENT.
Among tile most prominent real estate dealers
presont at tho meeting were Tho following: Col.
George H. Clark, O. r. Sullivan, John ": Chr
riugton, T. Evans, ]. II: Marshall. z; A. Brown,
r. II: oyiatt. W. A: Buffers. William lanu-
8. Waud, 4. ). Cooper, J. O. Welch, r. 7.
blanchard, ". J. Onal,an, g. A. Chambers, J. ".
Doyden, D. r. Culver, D. ". Thomas, tarhin
yenks, j. i. Roberts, ], z: Burchell J; p.WLito,
oo %1% rioat aoS Il l. i honoeo ee' honry EvefHa ]
William II. Baker, Thomas D. Snyder, @. s.
Hubbard. Jr., II: A. Davis, A. and L. 8: Pierce,
u. L. Pease, William B. Palmer, ]. A. Jackson,
9,eorgo w. 1ssed FRED L: Eaka " n .; Il; korfqot'
Reed, Jr., s. 'Dolamater, L. A. Ohnco, ii. N.
Lord, d. f. IIoad, and John N. Wallace.
The meeting was called to order BY A1r. ". II.
Hansbrough, who nominated
COL. GEORGE \. CLARK
as Chairman. Dir. Clark, boing. unanimously
elected, said 1t was tho object Of tho meeting to
organize Heal Estate Board, to represent
the real estate interest Of the city,
Exchange, and other like organizations.
lie thought that tho City Of Chicago, with its
$50 600, 600 Of real estate saleR per annurn, and
a06 or 500 brokois, should hnye somo sort OF Or
ganization whereby the honest and respectable
dealers could protect themselves from swindlers
aud sharpars, and thus dignity the profession Of
real ostate broker. 1twas necessary for them to
lave central place Of meeting where they could
come together and Interchange property. As 1t
was, dealers seldom met and but few knew cach
ts,,ts kmH&
could transact more business between each other
in an hour than they could now in dny. One
real estate dealer might DO operating
on the South Side, another 1'a.9r on, on tue he
regard to the values IN each Division. They could
alao regulate auction sa!ea. 10 get up an AUG
tion salo It cost now from. 940o to $780, but it q
number joinod together thoy could have their
Tho combined influence Of so many Influential
| brokers would give renewed interost to the roa
! catate business. And if tho Board should be or
| ganized be hoped enough interest would be taken
III on motpen nstap IT, w. !. onahan was elected
| Secretary.
| COMMITTEE on ORGANIZATION.
The Chair stated TINT the first step in order
would be the election Of Committee on organi
| cation.
On motion, the following were appointed
james H. Rcos, T. A. Dfagg, J. q. Wolcl, Col
G. Il. Clark, and William Hanabrough.
The Chair thought 1t *ould not bo practicable
to eject a permanent organization at this meot
ing. II they intended to have an organization
like tue ono in New York, they would haye tt
elect one Prosident, three Vlce-Preaidents ont
8ecrotary, one Treasurer, an Executive Com
mittee. and Board Of Administration. Th,
latter committee waH for the purpaHe of settling
tedious and expensive lawsuits ase avoided
These officers could not hc allod until after tb1
adoption Of constitution and bY-laws.
On motion Of Mr. stodman, it was resolved
after lie report Of tho Committee Oh Organi2a
tlon.
an INQUIRY.
Mr, Holmes wanted to know whether this As
eociation would he merely q society Of brokers
Il the genera general corporation lsws 81 ths State. ~
l1r. 6tedman moved that this matter be take
under consideration by tho Committee.
Mr. Holmes moved TINT tlis organization b
organized with Wow Of having 1t incorporate
blr. John n. Wallace thought such actio
| would be premature they should wait until Afte
tue report Of thu Committee.
Mr. Etedman offered an amendment that th
matter be referred to the COMMITTEE on organ
Zatiou, which was adopted.
Mr, Cole moynl that whom the meeting ii
, iourn it be until onB week from date at tho San
i place. Some one said that they should nnd q
J other place Of meeting. as th,s ono had no scat
The proptlotors Of the Grand m raeltlo wo.4a giaa
of tnsstinR again % soon as poBs!ole. Ihoy wei
on the eve Of lively real estate buBuloaH, al
, tho ball should be kept rolling: o.
Mr. Hanabrough offered to furnish luu oAat
copied. The meeting then adjourned until OF
week from date, to meet again at the eamo plac
y whom the Committee on Organization will repo1
t ind constitution aud by-laws DO adopted.