The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-06-26
BANQUET CLOSES
BIC CONVENTION
Wind-Up Feature of Real Estate
Mems Meeting Is Brilliant Affair
Gifts For Officers

The second annual convention of
the National Association of Real Els
tate exchanges came to n brilliant
close, Friday night, with very elab-
crate banquet in the historic main
dining room Of the Hotel Cadillac,
which has been the scene of many
notable gatherings. Another has now
been added to the list, for the men
gathered around the tables represent
ed most substantial business interests
in all sections Of the country.
There were several little surprises
IN the course OF the evening. Post
master Homer Warren and Mr.. Blood,
of Cleveland, became engaged in a
wordy jangle which seemed very real
at first, but which proved to be mere
~ "a weii-planned burfesque leading up
TO the presentation uf souvenirs to
retiring President A. II. Frederick. of
St. Louis; retiring Secretary w. a.
Greenland, OF Cleveland, and execu-
tive Secretary E. A Halsey, of Chi
cago. Mr.. Fredericks gife was set
of diamond cuff links, while Messrs
Greenlund and Halsey each received
a beautiful stick pin.
Lester L. Wise, president OF the De
troit Real Estate board, presided as
POSTMASTER and kept things moving.
The Rey,v S. S. Marquis delivered the
Invocation
Mayor Breitmeyer. in an impromptu
address declared that the street car
question is going to be settled and
that the real estate men are going to
help settle it.
Il understand you in Cleveland have
a low tax rate" he continued. address
ing the Cleveland delegation. we
have had one here for the past two
years, and the result of II is seen
In our bad streets. You can't keep
up city properly unless you conduct
IT as you would your own business. .
Retiring President Fredericks
thanked the Detrolters for the great
hospitality shown the visitors. declar-
Ing that the members of the local
realty board had more than made good
on their promises.
Joseph L. Day, president of the
New York Real Estate Brokers Ex-
change, said that the only eommedity
in New York city that did not break
in price during the panic was real
estate, and that, while STOCKS and
bonds were being thrown overheard
at great loss by a certain instltu-
ton itG real estate holdings showed a
profit Of from TO to 300 per cent.
w. w, Hannah, of Detrnlt, in very
neat speech, expressed his gratitude
for the honor conferred on him b.
the association in electing his presi-
dent.
Our association has a clearly de-
fined purpose he said we stand
Individually and collectively for tho
bct.erment of the real estate business,
end it is for us to justify the exist.
ence Of our organization Ivy adherlng
TO that purpose and by making this or
ganlzation the recognized voice Of the
real estate interests OF the country
James SChermerhorn. publisher Of
The Times, spoke briefly and Judge
A. j. Murphy taken on Detroit" I'm
cidentally paying pretty compliment
to President Hannah Attorney Clyde
l. Webster spoke eloquently on The
real estate" and L. a. Halsey Of Chit
cago, discussed Possibilities
Harold Jarvis entertained tho real
estate men with several pleasing selec-
tons. Homer Warren and Robert II.
Murray sang The Sword OF Bunker
Hill and the Cadillac orchestra rem.
dered a well-balanced program.