The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-05
DEALERS IN REAL ESTATE
Governor Flower Addresses the Second
Congress of the National Association.
Recommendation of Pres dent Weil-The
SiDgle-Tax Theory Advocated by Henry
George at an Evening Meeting.

BUFFALO. Oct 4.-The second congress of
tho National Real-estate Association met
here to-day. Governor Flower addressed
the delegates He said, In part:
OF all the different lines OF business yours
would seem to be the safest, in one respect at
least. There can be no overissue. In railroad
aud other corporate investments the stock may
be watered In manufacturing there is the men-
ace OF possible overproduction. but in reel estate
there Is Just SO much; no more and no less. In
Indian Territory and Montana ii Is measured by
miles; in Washington, Kansas and Nebraska and
the DakOtas by sections ana quarter sections: in
Wisconsin. Michigan. Ohio and Georgia by the
acre; in Denver, Kansas City and Atlanta by city
lots; at Chicago by the foot. and at New York by
the inch; but in every case IL is a certain guam
tity. just 40 wide and just so deep. and If you
are bright enough not TO get caught by buying
property that lies below the watermark you can
see II all as often as you please.
While the successful real-estate dealer must
possess the same kind and quality OF ability that
is required for any other business. there is one
faculty which 1t Is absolutely essential for him
TO develop to its highest degree-it Is far-sight-
edness. saw one of these sar-Sighted men in
Wisconsin q few years ago. He told me that
forty years before he left Milwaukee with his
civil engineer, and went West to pre-empt some
land. After travelling two hundred miles he said
to his sons: I've will stick our poles here. You
see, boye, q little notch In the mountains over
there and If there is ever q railroad built in this
section il will surely come through here" For
forty years he titled his $40 acres. and the morn
senger train that had ever passed that way. The
station was Baraboo. Wis.,, and 1t was named
after him. Was 1t any wonder that Chicago be-
came the metropolis OF the Westl
applauded. Mayor Bishop next delivered
an address of welcome. and was followed
by Judge Edward w. Hatch. COL Henry
i. Turner, of CHICAGO. responded To the ad-
dresses of welcome. Thomas L. Wright, of
Nashville, founder of the National Real
estate Association. presented to President
We'll. through Mr.. Mooney. OF Buffalo, a
gavel cut from one of the logs hewn by Gen.
Jackson in 1904 and used in erecting his cab
in home. and which still stands near Nash
willie.
President WeiPs annual address reviewed
the work accomplished since the Nash
vile meeting. and epoke of the Importance
of the association to the realty interests of
of uniform laws by the several States bear
ing on real estate. On this point he said:
I'VE shall not act for the passage of any
law that will rebound to tho interests of
real-estate men to the detriment of any per-
son or class. We Will simply ask for the
passage of laws governing the varied real
estate interests of the Nation. in the uni
formity of which all are equally inter-
ested." He recommended further that a
special committee be appointed whose
duty 1t shall be to make q thorough in
vestigation of the laws of the differ
ent States. relating to this subject, and
to formulate such measures, as. in
their judgment. could be adopted TO ad-
the Union. He also urged tho association
to take no the question of better country
roads. Other important subjects to con-
slider were high office buildings in large
cities, nlnety.nine year ground leases. the
Terrens ay stem or registering land titles
and insurance. He also called attention to
the great loss of property annually by fire
in the United States and the best measures
to stop this wasteful depletion of the
Nations wealth. In conclusion the Presi-
dent said: lit is our duty to expose and
drive from the business all unprincipled
operators who BRING discredit and odium
on the entire profession by their question
able transactiOns'
Several thousand real-estate men from
all parts of the country assembled at Music
Hall tonight to hear the expoundinR of
the sinale-tax theory by Henry George.
The meeting was called to order shortly
after o'clock by PresidenG We'll, of the
National Association, who introduced
speaker told q number of stories which
he turned in clever manner to illustrate
n number OF points in regard TO taxation.
tie laid great stress on the fact that 1t is
hard1 to tax personal property. chiefly be-
canse IL Is hard to find who owns 1t. The
assessment upon personal property cannot
be collected from men of wealth." said he.
1T Is not collected. and never will he col
lected. 1t il utterly impossible to fairly
collect it," He advocated tho single tax
as the only proper mode of taxation.
He condemned the present system of taxa
tion, which operates as tax or line on
every builder of a house which goes TO
beautify city. The better the house the
greater the tine. he said. In concluding
his remarks ho said the single is the only
fair, eqnal and equitable system of taxa
tion. At the close of his remarks Mr..
George gave an opportunity TO those who
desired to ask questions. Many avaiied
themselves of the privilege. aud an inter-
estiDg discussion ensued.