The Lake County times., 1907-12-19
SHIP CANAL IS URGED
Issue of $2O,OO0,o0O Bonds
is Favored by Chicago
Realty Board.

Chicago, Dec. 1a-At the annual
meeting of the real estate board yes
terday the resolution previously re
ported by the public service commit
tee urging waterway to the gulf was
adopted.
The original resolution favored with
out reserve a constitutional amend
ment for $2o00oo00 issue Of bonds
for this project. 1t was amended. how
ever, by the drainage committee Of the
board, to which it was referred at n
recent meeting, to the effect that the
waterway should be by the way of the
Chicago river
Another resolution, embodied in the
report of the sanitary district commit
tee, submitted by E A Halsey and di-
rected against the drainage board. was
adopted also. This was that the real
estate board call on the sanitary dis
trict to widen, deepen. and clear the
distractions from the south branch of
the river, so as to make II comply with
the law.
New Officers Are Inducted.
Most of the meeting was taken up
with the reports of the retiring Off
GERS and heads of committees and the
induction of the new officers of the
board. as the meeting followed the
annual election.
As no opposition was in the field the
regular ticket received all the votes
cast. The new officers are as follows:
President-Edwin f. Getcheu.
Vice president-Bertram NJ. winston
Secretary-Roy B. Tabor
Treasurer-Adolph F. Kramer.
Director-Albert II. Wetten
Members of valuation committee
w. d. Kerfoot and Charles o. Goss.
Retiring President Judd spoke of
the encouraging outlook for real es-
tate and called attention to the fact
that the financial panic of 1884 was
followed by a great revival in real es-
tate and predicted that the present con-
ditions in Chicago are unusually favor
able and that with the advent of easier
money, certain to come in few
months, many investors will turn from
stocks and bonds to real estate He
also urged a continuation of the cam
paign for real estate corporations and
expressed the belief that the time will
come when they will exist here as in
many other states.
National Association Planned.
A communication was received from
the st. Louis real estate exchange sug-
gesting the formation of a national
real estate association, including all
the large cities of the country Meet
! ings would be held once a year for
the exchange of ideas. Action on this
suggestion will probably be taken by
the Chicago board at it's next meeting
| in January.
George L. Warner. chairman of the
special assessment committee, in his
report stated that the administration
of the special assessment law by the
present city administration was meet
| ing with general approval. He also
believed that the board should insist
on the city's paying half the cost OF
repaving streets, and that through tht
new wheel tax 1t would be able to dc
this. He asserted that real estate wa:
bearing more than it's share of the
burden of taxation.
Some discussion arose over a part O
the report submitted by the rules an(
regulations committee, submitted By
Eugene A. Bournique, providing for {
change in the bylaws by which a
per cent commission should obtain il
connection with the leasing of resi-
dence properties, the same as in bust
ness properties. A motion to lay i
on the table was defeated, and the re
port was adopted.
It was announced in connection will
the annual banquet of the board tina
a United States senator, the governo
1P CT 70 &C a
the head Of an important department
of the national government, and a for
mer lieutenant governor of an eastern
state had accepted invitations to speak
|