Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-05-09
REAL ESTATE MEN BUY HOME
Exchange Secures Haney Property from the
Woodmen Circle for Building.
MEMBERS ORGANIZE a STOCK COMPANY
Incorporate with Hundred and Fifty
Thousand Dollars Capital and
Pay Fifty-Three Thous-
and for site,

Following closely the report that the
Woodmen Circle had offered for sale its
lot at the southwest corner of Eighteenth
and Farnam streets comes the announce
ment that a group of real estate men has
secured the property and formed a COM
pany for the purpose OF improving IT by
the erection Of home for the Real Estate
exchange. The formal transfer of the
lot will be made this week.
The real estate men concerned held
meeting Monday and Incorporated as the
Real Estate Exchange Building company,
with a capital stock of $4,000. Thrty-three
real estate men have taken stock, a suffi-
Client number to make the project go, and
as yet only half the members Of the ex-
change have been approached.
The Woodmen Circle property is offered
on easy terms, and will be taken over at
once, after which plans for building will
be considered more in detail Whether the
building will be erected this SUMMER or
not until next spring has not been de-
termined. The general sentiment is for
a s50,OO structure Though the sale Of
stock has so far been limited to real
estate men, and a large number of the
fraternity will have their Offices In the
new building, all floor space which they
do not need will be rented TO men I'm other
business.
Origin of the Company.
The formation Of the company grew out
OF the appointment by the Real Estate ex-
change a few months ago Of a committee
to investigate the adyisability OF a build
ing for the exchange, the general feeling
being that the exchange needed a home
and that the rise in real estate values
was permanent. When the Woodmen Cir
Gle decided not to build, the location was
offered on favorable terms. through Robin
son & Wolf, to f. d. Wead, who took an
option on the property After a hasty
canvass, In which subscriptions were
received from more than tuirty men, the
meeting for Incorporation was held All
realty men who had not been approa ched
will be given an opportunity to subscribe
as soon as they can be seen.
At the meeting Monday nine directors
were elected, as follows: F. d. Wead, c.
@. George, w. L. selby, D. c. Patterson.
c, r. Harrison, w G. IRE, c. L. saun-
ders, J. W Robbins. N. p Dodge, jr.
Following are the names Of the incorpor-
ators:
r. d. wead Harrison & Morton. d. c.
ham, n P. Dodge, IT,, Skinner & Chase.
Robinson e. Wolf George G. Wallace.
George p. Bemis, W L. seiby, Ernest
| Sweet ]. II. Sherwood. Thomas Brennan,
d, V. Sholes, fitzgerald e. Dermody COM
/ pany, ] n Haskell, Benson & Carmichael
s. NJ SadleT & Son, W. r. Homan George
q Co, Payne Investment company, r. C.
| Peters & Co., George l.. Saunders, Thoms
\ A. Creigh, Garvin Bros. Charles n
/ Brown, Herbert III. Neale, Midland Guar
| antee and Trust company, Henry F.
| Wyman, KerT-Shallcross company, NJ j
| Kennard, w. q. IRE.
The price paid for the lot is $4,000 II
was bought by the Woodmen Circle a few
months ago for 10000 The second LOT
/ west sold recently for $4,000, but II wsi
not nearly 50 desirable as this one, which
/ IL a corner lot