Evening journal., 1892-10-04
and IS THE THEME.
he Condition of Real Estate
Discussed at Buffalo.
iOwBR MAKES AN ADDRESS.

w York's Governor Speaks of the Ad-
Santages of Land as an Investment.
President Weil Reads His Annual Re
Consideration of the Great An
lual Waste From Fire Urged.
IBy Telegraph to the Evening Journal
BUFFALO, Oct. 4-The second annual
ngress of real estate dealers was called
order by President We'll, of Mil
aukee. After prayer by Rev. DIR.
lbbell and an address of welcome by
ayor Bishops, Governor Flower was in
oduced and spoke as follows:
Of all lines Of business yours would seem to
the safest. in one respect, at least. There
n DO no Overissues. In railroad and other
rporate Investments, the stock may be
ttered in manufacturing there Is the
snacc Of possible OverprOductiOn; but in
al estate, there is just 80 mu' h, no more, no
is. In Arizona, Montana, Indian Territory
d so on, It Is measurable only by miles, in
ashington. Nebraska, kanses and the Da-
tas il comes in sections and quarter sec
ms. In Wisconsin. Michigan, Ohio and
sOrgia by the acre; in Denver, Kansas City
ID Atlanta by city lots; in Chicago by the
OF and in New York by the inch. But in
cry case IL Is "a EtIAhlu AuHnAlA9 duu II you
careful enough TO got caught buying prop
ty that lies below the water marx, you
n see il all as often as you please.
The governor said that while it was
ecessary for the real estate dealer to
'lssess all the abilities essential to sue
SIS in business, he must also have the
Guilty of far-sightedness developed to
fullest degree. Continuing he said
Was It any wonder that Chicago became
@ great metropolis of the West when the de-
,lopment Of the prairies must bring the
reals to the lakes on their way 10 markety
as It any wonder that st. Louis and Kansas
ty were built upon the banks Of these great
ghways Of cOmmerce-the Missi sippi and
ia Missouri? Was IL any wonder that
uluth. with its three thousand miles of
rtile lands behind it and their products
eking an eastern market, made such aston
hing strides to its place among the great
tiesf After the discovery of coal. limestone
nd iron, was IL wonder that Birmingham
as builded in dayy What wonder that in
lis, the third city in population in our great
ate, situated at the foot Of the greatest
lain Of deep water inland navigation in the
orld on the lakes which furnish the cheapest
eight route from all the West with the Erie
lnal and numerous railroads TO transport il
the ocean, the long-visioned real estate
callers invite You from all over this union TO
his great lake city TO see for yourselves its
iany and peculiar advantages
The governor concluded as follows:
1t is well for business men, not only in real
state. but in other vOcatiOns, to organize for
leir own business advancement, and to meet
)gether to learn better methods But men
fhO are so alert and so energetic in their
usiness pursuits are the ones whose influence
needed and should be constantly eXerted in
he affairs of government. Time devoted TO
uch efforts viii be well spent and the re-
iard will come in the knowledge that the
ontinued performance Of such duty by
atriotic business men will ensure the per
etuity of our beneficient system for all time.
nd continue the American people as an eX-
mple and leader forever among the nations
I the earth.
Colonel Henry Turner, of Chicago, re-
ponded in a neat speech and the con-
,ress was declared formally opened.
President Well then delivered his annual
address,.
He reviewed the work done since the
asst meeting. In regard to the move
nent to secure from the legislatures OF
he different states a uniform law, to bs
n force and effect throughout tn,
United States, governing the execution
md acknowledgment Of transfers o.
realty, he said that the Association woulC
not ask for the passage of law tina
would rebound to the interests Of rea
estate men to the detriment Of an,
person or class, and he suggested that
special committee be appointed to inves
tigate the subject and to formulate tn
proper measure.
He spoke of the need Of real estat
men considering the great annual fir
waste in this country with view O
adopting measures to decrease it, urge,
to the formation of board of contro
and the appointment Of a committee t
revise the constitution of the association
After appointing the usual committee
the convention took recess until 2 p. II