The Sunday herald and weekly national intelligencer., 1890-04-06
A REAL ESTATE EXCHANGE.
VIEWS OF PROMINENT BROKERS AS
TO ITS FEASIBILITY.
How Such an Organization Would Benefit
All Those Interested in Washington
Realty-New Developm ents in A Anacostia-
Hopes of Speedy Annexation.

vantages that such an organization would yield
the brokers. Realizing the difficulties to be
en-, ountered, inclosed the articles to several
prominent brokers and requested their judg-
ment in the matter. The idea met with hearty
concurrence, tempered in some instances by the
fear that the plan would meet obstacles too
great to be overcome. That similar project
met with failure few years ago l am well
aware, but that the need yet exists, and in
greater degree, is unanimously conceded. In
discussing the question in THE HERALD my
greatest hope was to create an active interest
among the brokers on the subject, leaving to
older and wiser heads the control and develop
ment of the plan. If this is accomplished q
general movement on the part of those inter-
ested, concert of action, and energetic pur-
suance of the project will insure its success.
Unanimity is of vital importance. The efforts
of one or dozen men will effect nothing unless
the cause is a common one. give below some
of the letters received in reply to my communi
cation previously referred to:
VIEWS OF MR.. j. u. wIMER.
81 quite agree with you," writes Mr.. Winner,
''as to the benefits of such an organization as a
Real Estate Exchange, but fear after the ex-
perience we have had in endeavoring to effect
such body that your efforts may not be at
tended with altogether satisfactory results. l
would like to see realized such body as would
bring in all that were reputable under such es
tabllshed regulations as would debar those not
in the Exchange from doing real estate busi-
ness, but with the numbers we have here and
the varied character of the participants do not
deem it feasible to accomplish it in a way that
will be permanent and effective"
MIR. JOHN A. PREsCoTT's IDEAS
'!Your communication of the 31st ultimo, ask
ing for an expression Of my views on the subject
of Real Estate Exchange, was duly received.
| have had little or no experience with the subject
matter submitted for my consideration, as when
there actually existed in this city Real Estate
Exchange did no business with or through it,,
preferring to act on my own lines and in my
own way, Independently of individuals or combi
nation of individuals, though l am hearty
believer in cooperation. Perhaps a well-con-
Quoted Real Estate Exchange might simplify
the conduct of the business and tend toward a
closer and better understanding between bro
kers whereby brokers and clients might both
| be benefited. but, as | have said before, this
suggestion is in no degree based on personal
experience. hope you may succeed in your
| purpose to create q favorable feeling in the
community in behalf of the project, and wish
you the reward that should always be given to
el-directed and honest endeavor"
HILL & JOHNSTON.
Mr. Hill, of the above firm, in conversation
with the writer stated that in his opinion such
an organization, properly conducted, would be
of great benefit to the real estate interest
MIR. j. +. DYER.
81 think Real Estate Exchange would be a
good thing for US, not only benefit to our
business, but to the entire District"
JOS. REDFERN & SONS.
"We most heartily indorse your expressions
contained in last Sundays HERALD in regard tC
Real Estate Exchange, and trust you will meet
with all success. The benefits to be derived
| from such an organization in our office are
many. 1t will at least tend to equalze rates and
promote legitimate trade, which alone should
be sufficient guarantee of its prosperity in the
near future"
MIR. l.. l.. JOHNSON, OF j. H. GRAY Il co.
''If all the brokers will unite and extend sup
port to such an organization, its success il
assured. OF its beneficial results, no doubt cal
exist Its greatest good will be its protection
to the legitimate broker"
MIR. CHARLES A. SHIELDS.
IL think the establishment of an EXchang
would be of the greatest benefit to the regu
larly licensed real estate agents, but that the
initiation fee and annual dues should not be a
high as the figures you name, certainly not TO
the first year, so as to induce every broker, 81
far as possible, to become member"
MIR. DAVID L. GIFT.
II am in receipt of your courteous note, ant
beg to suggest that in my opinion your plan /
not only practicable, but entirely free from an
objection. The need for just such an organza
tion as you suggest has long been felt. Th
only wonder to me is that it has not been sug
gested before. 1t would be not only a con
venience but it is necessity. This is wild
field and the real estate market an active one
A place where operators could meet daily woul
save time and labor besides, it is about tim
that we should know who are the operators AM
who are not. Such an association as you sug
gest would rid us of a great many petty an
noyances and protect the legitimate dealer
from the encroachments of the street fakirs."
ACTIVITY IN ANACosTIA.
The California Syndicate are having plat
made of their recently-purchased land on Eas
ern Branch. All of the streets are to conforI
with those of the District The citizens OF thi
suburb are confident that Anacostia will at a
early date be included in Washington, and loo
forward to the annexation with great JOY. .
new road from Forestyille to Suitland, approach
ing the District in a line with Pennsylyani
avenue extended, is contemplated. This woul
save several miles for those who travel betwee
Washington and Marlboro. Mr.. A. e. Randa
will at an early date erect twenty-five cottage
: on Congress Heights for the accommodation
the st. Elizabeth Hospital employees Mr.. G. ]
Smith has completed his subdivision Opposit
! the Orphan Asylum and has disposed of SON
of the lots. Mr.. Appold and Mr.. Mills hay