St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-14
PpOhibitioniStS Hold q County
Convention and Elect
State Delegates.
Republican Aldermen in the
Way Of the Mueh-Needed
City Hospital.
Democratic Officials Secure q
Lump Of Money for the
County.

ton has tor an object the putting on a
more reliable basis for the buyer, the
seller and the agent, of the real estate
| business of the city. 1t is somewhat
exclusive in its makeup. Every man
who hangs out a Shingle and announces
himself as real estate dealer will not
be admitted to membership. AS 1t
stands now. the organization embraces
the strongest real estate men in Mime
apOliS as the following list of names
will show:
E. S. Corser G. G. Boshart, j. C. Seeley. A.
| F. Kelley, f. c. NickelS, W. A Barnes. +. q.
! Jones, James McMullen, George X. MINI
mons C. Lowell, J. w. Louderdnle, K. c.
Haywood p. y. Mccarthy, j. f. Merritt G..
A. j. Marsh. A. d. caves. II. l.. Moore. j. g Ridg-
way.J. y. " alters William McCrory. ". ). King
Fred Z. Barney. j. L. Barnes, Thomas
! Lowry. George A. Bracket, $ c. Gale. Cyrus
! W. Wells, j. A. WClverton, j. b. Tobour, Ed
mnnd G. Walton. Ezra Farnsworth Jr., J. A.
| HlllIker. W. l.. Bodger. James Elwell, +. ID.
! Mcmillan. George II. Miller, Frank b. Lewis.
j. GoldSturg, j. c Young, Charles Robin
son, j. X. Thorpe, a. j. Boardman, Charles
| R. Chute
A constitution and bylaws, explicit in
| their provisions, were adopted. The six
standing committees elected at each an
nual meeting of the board are impOr-
tant. The committees are designated as
! follows:
An executive committee. consisting of
three members; a committee of arbitration.
| consisting of three members; committee on
! membership, consisting Of five members; q
| legislative committee, consisting OF five
| memters; q call board committee, consisting
of five members and valuation committee,
| consisting of five members, and press COM
mittee, consisting of three members.
All these committees have important
duties to perform. The duties of the
i executive committee are the same as in
other organizations of similar character.
! The arbitration committees duties are
| explained in the name of the committee.
| The committee OH valuation shall give
written valuations of property in the
| city of Minneapolis, Hennepin county,
Mimi, on application in writing, such
application To be addressed to the sec
rotary of this board, by him TO be re-
ferred to the chairman of the valuation
committe. No certificate of valuation
shall be issued except it be signed by at
least three members of the committee,
as acting members.
The fees for such valuations shall be
as follows:
On all amountC 10 to $4,000, SIS; on
amounts from $4,000 to S25, 600, $50; on
amounts from S25, GOO to $4,000, $50; on
amounts from $50, 600 to SIS, 600, $40; on
amounts from SIS, 900 to 500, 0C0, $50. and
| Oh all amounts above 100000, 25 cents
| per thousand on each additional thou
| sand. These valuations apply to all
| property within the city limits of Min
/ neapOliS. Outside these limits proper
! additional charge will be made. To all
members a discount of so per cent Of
| the above ices shall be allowed.
! The valuations shall be made out in
duplicate. one copy going to the appli-
cant and one being filed with the board.
The call board committee shall have
! charge OF the daily call and manage the
! auction sales.
The following is the commission
schedule of charges for making sales:
| On sale of $1,000 or less. . - per cent
| On sale for $4,000 orle less, on the
first $1,000. OBSERVATION-DISCLOSURES per cent
| On excess over Sl.0W. ........... Ia per ceut
! On sale exceeding $1,000, and
not exceeding SO. 2I2 per cent
| On sale in excess of S30.00O, and
not more than 100000. on first
$4,000. .2I2 per cent
On the excess to $780, 900 ........2 per cent
| On excess above 100000. ....1 per cent
| On sales OF farms and lands sold
at 800 per acre or less. per cent
A similar schedule governs the rental
branch of. the business.
active members shall receive prOp-
erty for sale only as exclusive agents,
and all property so listed shall be re-
listed with the secretary of the board
within one week if requested by the
owner of The property"
This section needs explanation. All
| property listed with active members
must, within one week, be listed with
the board, if the owner desires it, and
the secretary must each week issue a
confidential circular containing de-
scription of the listed property and the
names of the exclusive agents. This
practically lists property with the whole
| board, and does away with the Objec-
| tiOnable feature of irOn-clad exclusive
listing. Here is another provision:
| Every statement made by one member to
| another in the course OF any negotiation.
| shall be made strictly in good faith. and be
true TO The best of his knowledge and be-
! lief. and any member who shall willfully and
/ knowingly deceive or mislead another, touch
| ing any matter or thing relating to any bar
| gain or negotiation between the parties.
shall be liable to expulsion from the board.
I'm case where any person not a member
| of the board shall, in any negotiation
or bargain in which member is party, be
| guilty of any flagraht breach of good faith
| toward such member, the committee on arbi
tratIOn shall, on complaint of such member.
! and OH being satisfied as to the fact oil such
breach of faith, record in a book, to tie kept
J for that purpose. the name of such person.
| which book, properly indeXed. shall be kept
for the private use of members of the
| board
At the meeting yesterday the follow
ing officers and committees were
! elected:
President, f. s. Corser; vice president P
! D. Mcmillan: executive committee W. A
Barnes j. R. Thorpe and J. A Ridgway.
Arbitration CommiItee-E. Farnsworth Jr.
A. J. Boardman, j. A. Wolverton.
Membership Committee-Willia McCrory,
j. A. Hilliker, F. c. Nickels, Il. Lynn Moore,
| c. A. j. Marsh.
Legislation Committee-A J. Boardman,
Charles R. Chute, Charles Robinson, j. 7.
| Elwell.
Call Board Committee-James Mcmillan,
G. G. Boshart. j. E. Merritt, j. B. Tabour F.
E. Barney.
Valuation Commi:tee-E. s. Corser. S. c.
Gale, Austin f. Kelley, j. C. Seeley, r. c..
Haywood.
The election of a secretary, treasurer
and press committee was deferred until
next week.
The board will have two classes of
members. active and associate. The
active members will be the real estate
men. In the associate membership list
it is proposed to enroll the financial men
of the city, the bankers and such. They
are wanted in connection with the pro-
Vision for valuation committee. The
zeal estate men feel that the city has
been suffering from differentiation of
property. This is an evil which the
board will try to correct. 1t is argued
that Eastern men, possible investors,
usually write to some banker to get a
valuation on piece of property. That
man may ask some one about that partlc-
ular property, and he may not. Anyhow,
his reply is likely to place the valu-
alton at such a low figure he will be
safe from the charge of over-estimating.
He may. in seeking to be on the safe
side, place it SO low that an advan-
tagcous transaction In mortgage or prop
terry, advantageous to both parties, will
fall through. The board wants ali the
financial men of the city as associate
members, so that they Will refer all
such applications for valuations to the
| hoard Il ha valuation aOrr1roitraa hoe