The Sunday herald and weekly national intelligencer., 1891-05-10
WANT AN EXCHANGE.
[Continued from Seventeenth PaGe.l


not interested in it actively to very great
extent.
1T OUGHT TO BE A SUCCESS.
Mr.. Edward T. Kiser, wahose office is in the
Atlantic building, said: 1.-The scheme is
good one," s'and If we can get majority of
the real estate dealers in town to go into it
there is no doubt but what it will be success.
The only trouble, / fear, will be with the
auctioneers, for il is doubtful If they will COM
bine with the real estate dealers in such an
enterprise. However, the scheme is young
yet, and the future may develop the enter
prise to the satisfaction of ALL"
HILL q JOHNSON FAVOR THE EXCHANGE.
Mr.. Hill, of the firm of Hill & johnson,
said: 1--WE are in favor of a real estate ex-
change IL it is formed and conducted on a
proper basis, such as the exchange in New
York City. We think it will be benefit to
the real estate brokers and make property
more saleable. We will do all in our power
to assist in organizing such an exchange"
MIR. j. l.. HEIsKELL's HEARTY ENDORSEMENT.
"a real estate exchange" said MIR. j. l..
Heiskell, Of Heiskell & McLeran, "is the very
thing that is needed. Because an attempt to
establish an exchange some years ago failed,
that is no reason why one could not be a sue
cess now. The conditions have changed.
There are twice as many men engaged in the
business, and the amount of property now
speculated in is many times as extensive. In
order to be successful its scope must be Of
the broadest character. Let the membership
be paid one and restricted with certain con-
ditions, but let every one who is reputable
join, If he SO desires. The building itself
must be a creditable one in appearance, so
that it will be something more than mere
meeting place for gossipers. The benefits
would be the same as those effected by any
other exchange. Universal rates of commits
sion on sales and loans would be established,
the business would be more systematized,
and the members of the exchange
would become acquainted with one another
so that their business relations would be
more pleasant. The advantage of having the
auction sales under cover at a stated time is
quite apparent. Larger crowds would be
present and the propcrty-owner would be bene-
flied by the increase in offers due to COM
petition. Splendid property has been sold for
a song simply because agents cannot be
ubiquitous. The objection that the law does
not permit auctions except in front of the
premises, if it is SO, could be obviated by an
act of Congress. There can be no doubts
about the benefits and advantages, and hope
to see an exchange organized in the near
future.n
AN EXCHANGE WOULD BENEFIT OWNERS.
Mr.. William A. Easterday, of Easterday &
Haldeman, said: II have not given the project
much thought, but with real estate exchange
firmly established on n substantial hasis thara
can be no doubt that it would be benefit to
the business and make sales more profitable to
the owners 1t should be organized on a broad
scope as regards membership, and no reputa-
bic dealers should be kept out''
Mr.. r. o. Hoffman was unwilling to make
hasty judgment and seemed rather to prefer
to await developments. He was not very san
guine that an attempt to establish an exchange
would be successful, owing to the failure of
former movements of this character.