Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-05
GOV. FLOWER ON LAND
He Tells the Real Estate Men Their
Stock Cannot Be Watered.
FARSIGHTEDNESS Is A FACULTY
Without Which His Auditors Would Be
Obliged to Shut Up Shop.
HENRY GEORGE is ANOTHER SPEAKER


to-day. President Henry s. Hill, of the
Buffalo Real Estate Exchange, called the
Congress to order. Governor Flower, in
the course of his address of welcome, said:
''In all the different lines of business,
yours would seem to be the safest in one
respect at least. There can be overissue in
railroad and other corporate investments
The stock NAV be watered. In man
ufacturing there Is the menace Of
possible overproduction; but in real
estate there is just so much, no more. 1t is
measurable by miles in the far West In
Kansas, Nebraska and the Dakotas it comes
by sections and quarter sections; in Wis
consin, Michigan, Ohio and Georgia by
the acre; in Denver Kansas City and
Atlanta, by city lots; in Chicago by the
foot, and in New York by the inch; but in
every case it is certain ouantity-just SO
wide and so deep, and if you are bright
enough not to get caught by buying prop
erty that lays below the water mark you
can see it all as often as you please.
A Story of a Long Headed Immigrant.
IA successful real estate dealer must
possess the same kind and quality of ability
that is required for any other business.
There Is one faculty absolutely essential
for him to develop to its highest
degree-it is farsightedness I saw
one of these tarsighted men in
Wisconsin few years ago. He told me
that 40 years before he left Milwaukee with
his four sons and the rest of his family. He
was a civil engineer ana went to pre-empt
some land. After travelling 200 miles he
said to his sons: 'We will stick our poles
here. You see, boys, little notch in the
mountains, and if there is ever railroad
built in this section, it will surely come
through here"
"For 40 years he titled his GAO acres, and
the morning 1 conversed with him. He was
on the first passenger train that had ever
passed that way. The station was Baraboo.
Wis, and it was named after him. Was it
any wonder that Chicago became the
metropolis of the West? You and believe,
and the greatest and wisest of the earth
endorse our opinion, that our Government
is better and grander than any of the other
countries have named.
Real Estate Mems Place in Politics.
''It is we'll for business, not only in real
estate, but in other avocations, to organize
in their own way for their business advance
ment and to meet together to learn better
methods, leaving the old beaten paths and
finding safer and more economical lines OF
effort along the road to success.
"But men who are so alert and so ener-
getic in their business pursuits are the ones
whose influence is needed and should be
constantly exerted in the affairs of Govern
ment, holding public officials to a strict
accountability for their acts and en-
couraging them in all efforts to maintain
the right and preserve our Govern
ment in its purity and strength as it
la1 H. fo&h af fha Do
public. You will find that time devoted to
such effort will be we'll spent and the re-
ward will come ip the knowledge that the
money spent by business men will insure
the perpetuity of our benefcent system for
all time, and continue the American people |
as an example and the leader forever among |
the nations of the earth.
President WE'LL, of the National Asso- |
citation, introduced Colonel Henry T. |
Turner, of Chicago, to make the associa- |
ton 9 response to the addresses of welcome. |
T. Wright, of Nashville, founder of the |
National Real Estate Association, present |
ing to President WE'LL a gavel cut from one |
Of the logs hewn by General jackson in |
1904 and used in erecting his cabin home,
and which still stands near Nashville.
Uniform State Laws Are Wanted.
President Weill's annual address re-
viewed the work accomplished since the |
Nashville meeting and spoke of the i'm
portance of the association to the realty in |
terests of the country. He recommended |
the passage of uniform laws on real estate |
by the several States He recommended that |
3 special committee be appointed whose duty |
it shall be to make thorough investigation |
Of the laws of the different States relating
to this subject, and to formulate such meas |
ures as in heirjudgment could be adopted to
advantage in every State and Territory in
the Union. Such committee should, in part,
be composed of the best legal talent of the
He also urged the association to take up |
the question of better country roads. Other
important subjects to consider were higher
office buildings in cities, 99-year ground
leases, the Torrens system of registering
land titles and title insurance. He also
called attention to the great loss of property
by fire in the United States and
the best measures to stop this wasteful
depletion of the Nations wealth
Since the last meeting, boards and ex-
,hanges have been organized in Louisville,
Columbus, Cleveland, Minneapolis, ST.
Paul and Superior
In conclusion the President said: 'Tt is
Dur duty to drive from the business all
hose unprincipled operators who bring
odium on the entire profession by their |
questionable transactions"
Henry George was the principal speaker
1t the evening session.
He laid great stress upon the fact that it
Is hard to tax personal property, chiefly be-
,ause 1t 10 hard to find who owns it. "The
upon personal property cannot
be collected from men of wealth" said he.
1T is not collected and never will be col
oofA 10 nff IN foir lv