St. Paul daily globe., 1889-02-21
REAL ESTATE DEALERS.
An Organization Which May Have an
Important Influence.
THE TORRENS SYSTEM.
Several Matters Of Mutual Interest
Needing Protection Are Considered
and Acted Upon.


At Ii o'clock yesterday morning the
Minnesota Real Estate Dealers associa-
tion held a meeting in the "old ex-
change room'' in the West hotel, to-
gether with number of real estate and
loan men who did not belong to the Or
ganization.
"A. Mccarthy. of Morris. president
of the association, called the meeting
to order, and the call was read setting
forth the cause of the meeting. 1t sug-
gested that the work to be done was to
bring before the present session of the
legislature, more particularly the mat
ter of taxation of real estate mortgages,
with view of obtaining redress as far
as possible; also to request an act to
protect ageEts and dealers in real estate
against being defrauded by unscrupu
lous parties in matters of fees for sell.
ing and caring for real estate. To make
an attempt also to raise money to carry
out the plan.
There was little discussion at the
first as to whether the meeting was a
regular meeting of the association or an
informal meeting which required organi-
zation. 1t was decided to conform to
the order of business of the association,
and the minutes Of a previous meeting
held in St. Paul were read. Then the
constitution and bylaws of the organi-
zatiOn were read for the benefit of the
gentlemen present not memherS. On
the request Of these gentlemen recess
Of twenty minutes was given to allow
them to join the association. After a
general breaking up the meeting was
called to listen to a brief
ioH HISTORY OF THE ASSOCIATION
and an explanation of it's work, by e. A.
Bierce, of Winona. The most I'M
portant advantages derived were to in
crease immigration; to aid each other
and to obtain necessary legislation.
When the gentleman was through
speaking, the association adjourned to
meet at2 O'Clock p. m. Eight gentle
men joined the association. Among the
gentlemen present from abroad at the
morning session were: John A. Hall,
MankatO; Simon Hanson, Renyille: G.
Bierce, Winona; S. K. Arthur Scott.
Long Prairie; II. C. Bull, Cokato; b.
w. Earl, Fergus Falls; N. Kjeldson,
Ada; A. H. Doascher, La Sueur, and p.
A. Mccarthy, Morris.
The afternoon session was called to
order at little past 2 o'clock. and the
attention of the meeting was first called
to the presidents report. After giving
brief history Of q not very prosperous
organization that had meet three times
in the three years that 1t bad existed.
he went into statement Of the wrongs
real estate men were end uring and the
action they should make. Among
SOME OF THE SUGGESTIONS
were, agents should OrganiZe-they
should insist on exclusive agencies
they should exchange their lists reg
ularly, and if one agent makes sale of
property listed with another. the COM
mission should be divided. We should
insist upon uniform rate of commits
sion, at least in each town. Among
number of recommendations were that
all applications for membership be
thoroughly investigated; that the initia-
ton fee be set at $40 and annual dues at
S.. That central office be established
by the association where each member
can send and file lists of his offerings
and wants to be circulated throughout
the country; that brief description of
the state be gotten up containing
list of the members of the association.
These pamphlets were to be a kind of
real estate directory and were to be
widely distributed. AS questions which
he would suggest for discussion were
the matter of taxation of real estate
mortgages. the single tax question, the
transfer of title by registration, the
questions of securing money direct"
and the question of interest
The question on which Mr.. Mccarthy
dweIt most heavily was the way in
(which the railways favored Western
Estates. He read the names of number
kof the leading railways passing through
Minneapolis, and said it was a rule with
them to carry all emigrants on trains
that passed through Minnesota at night,
refusing to carry them on other trains,
thus doing great injustice to Mime
fairness. He advised that the real es-
tate men protest against such an action
on the part of the railroads. j. B. Nc
ARTHUR was called on for discussion of
THE TORRENS SYSTEM
of land transfer by registration. Mr..
Macarthur has explained and re-eX-
planned the system till he understands
it in every particular, and each time he
explains it he seems more confident of
the success of the system and the pro-
iect in Hennepin county.
j. w. E. Darby, a prominent lawyer
of Winnipeg. was present and spoke in
high terms OF the system as used In
Manitoba. He thought that law
would soon be passed requiring the
exclusive use Of the system IN Manitoba.
Mr.. Macarthur made full and satis-
factory answers to all the questions put
to him.
]. N. Barber indorsed the remarks of
Mr. Macarthur, and asked the assOcia-
ton to pass resolution indorsing the
system.
arose and remarked that it reminded
him of the woman suffragist who passed
resolutions on everything that came up.
J. NJ. Bartlett made short speech
tersely stating the opinion of Minneap-
oils real estate men on the system.
.The Minneapolis real estate men,"
said he, "will gain the system and the
st. Paul men who didn't care to take
hold of it with us will fool around over
the transfer of one lot while we trans
fer whole addition" The he arty ap-