The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-16
A GOOD, LIVE BOARD
It's an Invaluable Aid to Real
F. Estate Interests. ..
WHAT OTHER CITIES ARE DOING
The minneapolis Board Is Rapidly
EnIarging Its Sphere of
Usefulness.

During the past month members of the
Minneapolis real estate board have been
Investigating the merits and methods OF
similar associations in other large cities.
With desire to gain ideas for use IN
Minneapolis, all the printed matter issued
by these organizations has been carefully
read. Present plans of the members OF
the executive committee will be supple
mented by the results of methods used
by these boards. The gain to a city
through the activity of a we'll organized
real estate board Is invaluable. Its scope
includes not only the handling Of real
estate, but also anything which directly
or indirectly enhances the value of a
city's property. r..
What St. Louis Has Done.
The St. I6uis Real Estate Exchange
has issued circular to its members call
Ing attention to the legislation which has
been brought about by the organization.
From an inspection of the circular it will
be seen that the influence of such board
is wide The exchange secured the pas
sage of an act aimed at unprincipled ten
ants who, without reason, take gchange
of venue in the justice of peace courts
An increase in the penalty for the theft
of lead pipe was secured by changing IT
ing the damage to the house burglary
instead of petit larceny.
The St. Louis board also secured the
passage Of an ordinance forbidding the
erection Of livery stables on residence
streets without the consent Of property
owners. 1t was directly responsible fol
the new system of street signs and has
been instrumental in introducing the
block patrol system, whereby down-t owr
ri 1ynr c10o NV 11u a n,
pointed agents The exchange was the
first organized business body to indorse
the celebration of the Louisiana Purchase
by worlds fair in 1908.
An Auction Plan.
The St. Louis Real Estate Exchange
held a real estate auction this month. II
was proposed to the members that eacf
should have the privilege Of listing fol
sale three pieces of city real estate at
cost of $3.50 to each member, this tt
cover all expenses such as signs, adver
Using, cataloging and auction fees
The sale was we'll advertised. The mem.
bers were requested to list their mos
salable property. Blank forms Of contract
We're supplied and filed with the secretary
a month previous. The following rule:
governed the sale:
Each piece shall consist of any amount o
real estate that will be put UP for sale at on
cutlery.
| Newspaper and catalogue advertising will b.
as liberal as the funds will permit; one sign
board to be put by the exchange on each piec
| entered
! ANY piece may be withdrawn from sale NJ
| to one hour prior to the time of actual sal
of the property, by notifying the secretary il
writing the entrance fee to be forfeited
The committee reserves the right to rejec
| anrt nj NOT entered in arcnrdance with tn
terms of the enclosed contract.
| Chicago Puts Out Lines.
Notwithstanding it's pre- eminence as
commercial center, Chicago is not salts
| fed. The real estate board is especial,
| interested in increasing the standing 0
| the city industrially. 1t is sending gu
a beautifully gotten up and publishes
brochure on the advantages Of Chicag
commercially Enclosed is pamphlet Of
! Chicago as an Industrial Center" an
| circulars of different agents -describin
auction sales of desirable property.
The book is worthy a place on cente
| table. Iteis work of art from printer
standpoint. Among other engravings on
represents the launching of the stee
freight steamer F. T. Heffelfinger In tn
| yards of the American Shipbuilding com
pany at South Chicago.
! Judicial Sales on 'Change.
In New Orleans the judicial auctio
sales of real estate are held at the rea