New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-22
REAL ESTATE MEN REJOiCE.
CELEBRATING THE EXCHANGES BIRTHDAY.
GOOD SPEAKING At THEIR DINNER Mt DELI
MONICO'S

III the seventh anniversary VI ~ ''rN
evening with a dinner at Delmonico's' III WIN" ~
,,or,,a,g ~ tho Exchange and many invited guests
,ook mart Tho OCCASION was one OF the most P'c"S'"-
~ the kind in the season drawing to CLOSE i"0
Zeal Estate Exchange. though OF rec'h, o'7''' |
become an important factor In tha' par"'"'' ''o "
hnsincss in the metropolis. which was pfeN'o'H'
ducted without recognized rules ana uluer Wv W.
fuencc Of methods not always accep'aoe !" "'' ',
entered the market A. permanent Investors N''ur'H
,horo T. much nride taken In the suits already d'lNcd
from, tho opernons of this organized body OF tiadts
,
Tho largo dininr-room of Dclmonicos was taxed
to accommodate those who de-iwn 10 o. P'''',,'
Tho BANQUET committee consisted OF Torn" w.
Iuv.tar cbaIr-nnn: George DE +. Barton, CMlF'> :
nrown Isaac Fromme, George H. hc'' "''''"
Crulkshanl and Richard '. llaracu lac r"'" W.,
oI,lortcly decorated, chiefly WITH group OF N"ii'''
coI.rs , number Of the Hays of the Iniie1 Sm'''
were masscd against the wall back OF inc pie'"'"'
cboi- NJ nc main table. and oiher groups WI"
National shields centtcpiec'>' were OF '"' nm
and left Of the chairman's scat. Inc irph' VI '''
orchestra gallery WIS rntrcly covered with hagS WIN
,...on alton ~ the seal of the Exchange a. %
cur.rIcce and the National colrrs fFineed 10; Wh''e
l,cb NJ the table Of honor TIE haral d'cor'''ioh'
were simple. but rich In Their quality
pe,.ant fcatun. of i,c evening was the 'l"Sins
ty a male quartet. 81 tn Lodr' OF Prfi'cdoh' 7'''
i'm Rite consisting e J. II. Mckinley. first tenor
and Hermann Frost. second ba,'. The orchestra o..
,u,,l.d tbc northeast c,msr OF the din1hI hall
itself aud the mule gallery was u-'d
iv .ncctator, Of The scene l"Dw. VI ilc MAN i"ol'
were seated George Il. Read. president "i "c fN
Change: General Wager sWalne seth Low Fn""P
Henry Ducru. william >hzcr smoh ~ H"'H ~
Robert A. Van WycS. jams W. fiF'imon'' joseph ;
Dnlv Henry ". 30 Ltaoor. Horny u choi' inc i'''
william LLOYD, james VI. Nar"um and W. "'U'E''.
other mcmberS OF the banquet '"""'''N0 -
oyer the -iN lower table,.
The menn was an cAcepGonaily beautiful podaci'"
Of the cngravcr's art. In The design thc ourFc'"
pr,yince In connection with real estate hNi bee' %
.crv.d. The va, specimen VI INC Nv
method 81 stcclograph employed 10y the io"c' ~
upnk Note Company. On the left was tripod S"'
mounted With the surveyors transit In sll'' 'lc
,a,,ds farming nm easel AGAINST which was framed
,deturc Of Liberty" holdlns IL her LETT hahu map
~ Manhattan Island and adjacent territory VII '"'
right was "A medallion profile II "h'mhs'"n' ln '''' -
a wreath Of laurel. md diaeo'n'y across Tue io'.
wos the surveyors rod. Tic Inscription c'h-'''ci Va
m. word, IN A variety Of shaded letters. Banquet
m cc,h,ution O, the seventh, unnS crenry Of the orcn
,,- -, che Real F,tnie Exchange ana Aucu Room
Limited, Delmonico's. Thursday evening Apr! IL
Ia. Al go O'Clock 1hc Whole was printed h
four different coorr. ..,
A. q o'clock President Read began his adde's win
4 b,.cf review Of the olrcum' nH''' WHICH u" " U"
,r4 Of the Real EN'ttN IsAhl'hi ~'f ''' '' "
.at.,uctor, conditions which prevailed. In the 'p
..n,o II uniformity in method, prior thereto lie
,iutcd 70 the results effected in tie concentration o
lntorc-t> tho in reduction Of bette Clements anu ''
crdu, clcyniion Of the real estate BUSH 49, to iSc
tone Continuing, hc slid;
LooLinr bach over the last ~'vcn years "r can S'
,ar,, ;1,t which pcrhal- ut the time some 81 49,
'lid u9i - thai tbs Exchange W., it~eif WriNN thc
"a preston OF progressive public OPINION 'IH, ,
MI which we made never could have been cni i',I
iar tbr, moi ben supported by o." moral '.hae "i
The Community, and that the c''It, oi w. - '-
IN protect the public were re-, gn1cd dhI '''''' ~
Nn"ns The result Of oar years work We ma
,hat ,ho action of th> Exchange has eliminated d.
Tire. G.tiuct nens. first. II has attracted o. Ical
c.tair IN interest and confidence on ur i.r' vi u.
public never before known. secondly, II "A, RAJ.
IN" value Of real estate by mailing II mr.
mcrclaniablc comm ditN. im.IN. u u'' lt"u' 49,.
rcnl state business an honorable and rcPuA,.n TX,
fc,ricu During TIE last even year, at pnblc go
private sale. the members ~ M fNch.g. i"lr '''
inward Of six hundred millions 81 ptopcr'y' au" II
.iur;c Instance Oi mi.couduct has been rlv'ttu 10
the Complaint and Affirmation committees ,..,. ,.,,t
our Exchange Is well aware u tho a'h1tnne WIN
which thc courts watch over tc Int rests OF mo-
Whose property IS ,old under JUDICIAL salr~i ,,io
jndecs did H. the honor on Narch 81 l77o to 1r'itne
The al0r Of tho Zeal Estate Exchang ~ ne Ph''
where all LEGAL sale, should be- held II WI. thrn'
by his oder the Interests Of def ndana In such suits
have been admlriJ-y sateeMrled. ., :, "a, 70
april so2 1dcis saes o sy COO been mart q a %h
more careful analysis indicates that the m1cAdown
price Of such property was rgl,cd by hs ,
81 the bidder on our floor S33uooop above we nrN
bid so that the interest, Of PENDANTS. many OF whom
wcr, widows ana children. have been amply protected
Inv the public market which our Exchange affords.
Mr. ,Rend also referred appropriately to the late
Edward H. Ludlow. the first president Of the EX
change and one Of It's most active promoters.
Following Mr. Read, Seth Low responded TO IN
toost THE Oty Of New-Yorh.' he said in part
New.York boasts Of her great commerce; she
might better bonst Of the men VINO vo are competent
10 handle such commerce New. YORK nohStS 90, oi
L.. rtfnpr
men whose industry and sk have made the streets
avenues and park, out Of bay ANA p1 S ANA rock
New-York to-day by mn equal number Of people from
The Dark Continent and who doe mot rGans , 'nal
It's occupation. ! have been at pains &" point ont
or two individual, 10 whom New York IS undIr
unusual obi cations. but the truth would be only half
said unless equal need OF praise were given to the
skilled mechanics aud ;ardy sborGr. VINO hayS done
behold. Truly from every point 0t view, one r.
turns at last to shakcspearc's question: what Is
suppose i have been invited to address the
Exchange this evening IN part bedlnsr Of the
moval TO new aud conspicuous site on the light
OF Dloomingdalc;, | % not FORGET how"ver that
Estate Exchange was formally II rown open for use:
At that time | spoke from The point Of View , OF
that the METROPOLITAN life va, not confined 70 the
corporats limits Of the city OF New York Itself
Ricobiyn afforded to 80 many Of The men who work
IN New-York are Of rs much impotence to Now
I'm the matter OF government the two cities are In
fuct one. they used TO be divided by the river
thcv are now united by bridge. and that brdgr
is the prophet of manesn destiny as truly H.
Sevards purchase Of the territory Of Alaska. But
though | speak to night the president OF uni
yersity rather than the mayor OF Il city. feel
That / may stu speak TO YOU as one engaged In
matters Of great public concern.
need not say much TO You abon our new site other
than this that Columbia appreciates fully the obngl
lion that upon her To make her occupancy or tit
consplcuous place source Of pride as Well rs Of &d
yantage 10 Inc city. am glad 70 have the 3p-
nnrtnnity to LAY here In public what ought u DC
known that the Mayor Of the city, Mr. Grant lent an
his Influence Ia securing the passage Of the Dill wcn
serured te site from intcrsecing streets as soon
rs Columba's purposes were understood by HIM ihe
iJ which senator Plunkiu introduced 10 open street
,bnurh this proposed Site was presented al the ~
stance OF the city authorities In execution o! pan
Of development which had been agreed upon pgore
Columbia thought OF going 10 this new site IL Us
due TO the Mayor and % all concerned TO let II De
und srstood that this policy was reversed out 81