Los Angeles herald., 1910-05-19

small investors has been firmly maintained,
and two corporations advertising on lib
eral scale were investigated by a committee
| of this board with the result that in the
| one instance the officers of the corporation
disclaimed any intention of misrepresenta-
| ton, and promised to withdraw such OF
their advertising matter as was deprecated a
by the committee Shortly afterwards and
it is believed as result of the boards IN
vestigation this company was reorsanlzeo
and is understood to be now operating IN
a satisfactory manner. The other instance,
that of the American Forestration company
will be doubtless recalled by you rms
concern, which advertised most eXtraoroi-
narily and preposterously, closed Its onlces
and went out OF business within few days
after exposure of its real standing.
SOCIAL MEETINGS
Among the more social meetings of our
members may be mentioned the outing at
Redondo at the close of last summer. and
the dinner at the Angelus at which Presi-
dent Mott of the State Realty federation
was the principal guest, and after which the
members attended the performance at the
Orpheum These meetings are undoubtedly
beneficial to the interests of the board and
aided in the maintenance of harmonious re-
lations between the members.
The New York Board of Brokers has
recognized our organization by the election
of your president as an associate MEMBER
and our board has elected Joseph Z. Day
I president of the New York board. as a re-
ciprocal compliment. This membership Will
be transferred annually TO succeeding presl-
dents of both boards. J
a few weeks ago your president was con-
fronted by the necessity for immediate
decision as to the attitude to be adopted
toward the rival claims of San Francisco
and San Diego for government ald IN tn the
| holding of the Panama canal opening cele-
| bration. A meeting of the governing COM
mittee was hastily called. a majority re-
spending, and by unanimous vote 1t was de-
cided to participate in the conference at
Santa Barbara, which resulted ultimately IN
settling the question amcably and appar-
entity in a manner that is for the best inter
| ests of the state at large as Wen as OF
| both cities directly concerned. Since return
| ing from my visit to Washington l can
| positively state that San Diego is uniting
| with the entire state in helping San Fran
cisco to carry out its plans Both houses OF
| congress and the president consider that
! city the logical place for the exposition ana
at the right time their support VIII be given
| while the whole state will aid San Diego to
| hold a large exhibition showing the re-
| sources of the southwest.
TENEMENT HOUSES
| 1t is sometimes necessary to take mega
| tive stand and the governing committee SO
| considered 1t with regard to propositions TO
| amend the Burnett tenement house act,
| and also to amend a local ordinance deal
| ing with restrictions on certain business and
| certain classes OF buildings III cohheclloh
with fire risks"
Another matter upon which we have
| lust entered is likely to prove of decided
| utllty-this is the preparation of a cara
| index Of all real estate men and land agents
and sellers in the city. We have prepared
| blank form which will be mailed within a
day or two 10 all members of this board
as we'll as other real estate men. together
with a request for the blanks to be hlled
| in, giving us information as to name OF
firm or corporation. nature of business
(agent dealer or selling own property
character of property offered (business' resi-
dence, suburban). tracts owned. agent for
what tracts. what references are offered to
strangers, advice to purchasers as to de-
post in escrow with responsible trust com
pany willingness to answer any complaints
that may be made to the realty board con-
cerning transactions etc.
The weekly reports council proceed
ngs have been continued and prove of
much value to many of our members.
The boards finances are in satisfactory
condition and the outlook for its future Is
most assuring.