The Sunday herald and weekly national intelligencer., 1891-05-10

which make the former exchange failure
We had stated hours of meeting, but no one,
or scarcely any one, would be present. There
was no concerted action and each one was
looking out for himself. There was lack of
something which would draw crowd to the
rooms, which, by the way, were made as at
tractive and as comfortable as possible. l
must say l should like to see en- exchange
started, for 1t would give an opportunity for
those men in the city who deal in real estate
to become acquainted with one another, and
this in itself would be beneficial thing.''
MIR. WASHINGTON DANENHowER's VIEWS.
Mr.. Washington Danenhower, although
favoring the establishment OF an exchange,
was very doubtful about the ability of the
dealers in this city to form one He acknowl-
edged the success of those in other Cities but
thought the conditions here to be somewhat
different. "Of course" said Mr.. Danen
hover, ''its benefits cannot be denied. 1t
would be the means of saving time, labor,
and trouble, but the failure of former attempts
has somewhat discouraged me. An exchange
would effectually stop the cutting from all
sides by curbstone dealers which all of us are
now subjected to. If an exchange cannot be
established the police can help us in one way by
enforcing the law. Under the District regu-
lations every real estate broker is obliged to
pay an annual license of $50 Most of us are
compelled to obtain this license, but the
'curbstone men, the very factor that Injuries
| us, most always escape without paying
| penny"
| MIR. JOHN A. wAGGAMANs VIEWS
Mr.. John A. Waggaman, when asked what
| he thought of the proposition, said: 'Its
| good idea and is just what is needed in this
city. A former attempt was made to organize
| an exchange here, but it failed from lack of
sufficient interest and an improper manage
| ment. Besides the want is more strongly felt
| now than 1t was at that time. The real estate
| business has increased wonderfully, and there
is growing demand for an organization of
this character. 1t would save great deal of
time by the Capitalization of transfers The
territory which the agents in this city now
have to cover is SO large that many houses are
lost in going from one place to another The
very fact that an exchange will provide a
general place of meeting for real estate men is
| an advantage in itself, for an exchange of
views between men occupied in the same busi-
ness is always benefit to them. It should be
so located as to be convenient to every one"
HEARTILY INDoRsED BY MIR. GIFT.
81 heartily indorse the idea of a real estate
exchange" said Mr.. David l.. Gitt, of 617
| Twelfth street. "It Is not a convenience
merely, but necessity and protection for
the legitimate licensed dealers from the 'vul-
lures of the curb,' who have neither "a local
habitation nor a name.' Last July The SUM-
DAY HERALD published in full my views as
well as others on this subject, and we hoped
same plan would crystalize. At all events
keep up the movement. Your defense of the
younger men and firms is a credit to you. The
question is not so much Can we have 1t as
Can we do without p"
AN AUcTIoNEER's OPINION.
Mr.. Charles G. Sloan, of the firm of Latmer
81 Sloan, auctioneers, was unwilling to ex-
press direct opinion, saying that so much
depended on the conditions and circumstances.
"An exchange" he said, sis at such dis
tance that an opinion made now might DE
changed by circumstances. OF course, If
the sales could be held In our auction-rooms
we would not have the least objection but we
would not want to make our sales in the
rooms of another. This, however, overlooks
the fact that every deed of trust expressly
states that sales shall be made at the place at
which the property is located. l do not see
how this could be changed except by an act
of Congress. II an exchange building was
erected and it became the custom to hold all
the sales at this place it would be an advan-
tsge, and necessarily we would hold our auc-
tions there"
MIR. b. IL. WARNER STRONGLY FAyoRs THE IDEA.
Mr.. b. H. Warner favored the establishment
of an exchange, and said that the real estate
firm which bore his name would be certain to
join such an organization. ''We had one be-
FORE" he continued, shut it failed. With
proper management anything can be sue
cess, and an exchange in this city certainly
can be made so. Its benefits would be the
same as those of any other association-co0p-
eratiye, which means mutual benefits and q
strengthening of power. / am really out OF
active real estate business but | strongly ap-
prove the plan"
WHAT MR.. CHARLES t. HAvENNER SAYS.
Mr. Charles 7. HaVenner said that he
hardly dealt In real estate to such an extent
as to warrant his expressing an opinion. He
could see, however, the benefits which would
accrue from well-organized exchange, such
as those conducted in New York and Phila-
delphia He anticipated but few obstacles II
the proper interest was shown in it and the
right men at the head of il. He was in favor
OF the establishment OF an exchange for the
general advancement of the business, although
} Continued on Eighteenth Psge.I