Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-02-05
AN OR NOT
BRIEF CHATS WITH REAL ESTATE
MEN ON THE QUESTION.
Tho Position Of Both Sides Prescuted-The
Two Factions Very Widely Apart
Question of Discretion.

Should Richmond have real estate
exchange or not? is the question Dispatch
reporter started out to solve yesterday. or
rather to get the real estate men TO solve
for him.
The result was that be is no nearer asolu-
tion now than he was in the beginning.
but the position Of some Of these gentle
men touching the matter will prove inter-
esting to the public.
Tho question has two sides TO il and they
are very broad sides, and the school-boy's
long letter IF" enters largely into it.
The real estate men are about equally di-
vided into Exchangists" and "anti-Ex-
chan9ists."
SIDE no. /.
The ExchangIsts argue that an exchange
would be Of great advantage TO property
owners, and that the sales ont of season
would be very large compared with what
they now are They contend that 1t would
be the means of establishing necessary
code of ethics. would be a meeting-place
for capitalists, and would cause many TO
bid on property who will not attend iso-
lated sales. The same arguments, they
say, can be advanced in its favor that are
advanced in favor of the Corn, the Tobacco.
or any other exchange.
THE AyTI-ExcHANGIsT's POSITION.
The anti-Exchangists say that such an
organization would be of no benefit 10 the
public that the experiment has been trled
twice and has failed, and that the rules do
not provide for an independence OF action
that is perfectly legitimate and OF advan-
tage to both buyer and seller. An exchange
may do, some of them admit, IN now
town where there is a great deal OF specu-
lation on property, but here old methods
are the best.
SOMETHING SADLY NEEDED.
Mr.. S. II. Bowman, of the firm of Bow
man, Boswell & Shuman. said: "A real es-
tate 'change is something we need sadly.
There is not in Virginia town of any size
that has not one. 1t is needed to make
real estate men work in harmony. and pre-
vent property bong put into o halt-dozen
hands for SALE
In answer to the reporters question,
whether he was in favor of real estate
exchange, Mr.. j; l.. Apperson SAID No.
sir" with avery large n.
ALWAYS AN EXCHANGE MAN.
Mr.. ]. Thompson Browns reply was that
he had always been a real estate exchange
man. 1--WE had one at one time" he con-
timed. land it worked splendidly. An
exchange is OF great benefit to property
holders. During the existence Of the ex-
change the experience was that property
sold at larger prices than 1T did on the
grounds. The best prices / ever obtained
for property we're in the case of sales made
in the exchange" =.
Mr.. II. Seldom Taylor expressed himself
as "teetotally opposed to an exchange"
II DIsCIETIoN BE ALLOWED.
Mr.. F. A. Catlin was Of the opinion that
an exchange would be a good idea IN!
order 10 adopt some systematic plan OF
advertising Richmond. and IT," he re-
sumed, "it had broad and liberal rules
that would permit that discretion IN
bringing buyer and seller together which
is perfectly legitimate and obtains IN all
other branches Of business"
Mr. II. II. Gillian, of r. B. Chathn &
Co. said: Real estate exchanges are very
Good things. but there are some features
connected with them which we do.not ap-
prove"
1T IT WOULD SECURE HARMONY.
Mr.. Chewing, OF Chewing d. Rose, was,
he remarked. in favor Of an exchange that
would secure concert of action. Such an
organization could do "A vast deal IN the
way of advertising Richmond.
Mr.. n. W. Bowe said: If real estate
exchange is established with rules so lax
that man can do anything in the world
without violating them, or if any means
can be devised whereby assurance can be
Piyen that the members will abide by the
rules made. then / am ID favor OF an eX-
change Otherwise | am opposed TO It,"