The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-01-10
LAND men HERE.
Bowman, Banker, FavOrs Immi-
grafton Bureau.
Also Advocates Optional Deed
Trust Law.
FOR BODYBUILDING
Measure Would Help the Loan
Of Money ON Property.
Stubbs Scheduled to Speak at
TOnight's Banquet.
FOR BODYBUILDING

w. w. Bowman, secretary of the
Kansas State Bankers association, in
an address,, 1.-THE Common Interests of
the Bankers and Real Estate Agents.
made this afternoon before the second
annual convention of the Kansas State
Real Estate Mems association, which
began a two days session at the Com
mercial club room this morning, spoke
favorably of the proposed immigration
bureau. He advocated it as a means
of bringing men to the state. And as
means for building up homes after
thew are here he advocated the enact
ment of deed of trust law. benefiting
both borrower and lender. This meas
ure would shorten the time of fore
closing mortgages on properties on
which money is loaned by making the
loan virtually a deed of the real es-
tate from the borrower to the loaner.
However, Mr.. Bowman said that in
Missouri, where such law was in eff
feet, more money at a less rate of
interest could be loaned on compare
lively small value property, while in
Kansas where no such provision has
been made securing of loans was much
more difficult.
"a deed-trust law would be a bene-
fit to the borrower as well as the
lender" said Mr.. Bowman. "It is a
mistake to say that the bankers advo-
cate it as a movement to modify the
collection laws. 1t is for the benefit
of the people. They need it. They
can borrow larger sums for the build
ing of homes upon property of less
value if such a law was in effect here.
AT present in Kansas man
must wait about three years before he
can come into possession of property
after the borrower has fallen into
arrears. Thus it is hard to get money
loaned on property without high rate
of interest.
"Of course, a borrower should have
his choice and the law so worded that
he could neither borrow the money on
the old plan or new one, but the lat
ter way, I believe, would do more to
build up homes.
Thus this law would benefit real
estate men as we'll as bankers and
money lenders. We, the bankers have
much in common with the real estate
men. In fact I can scarcely think OF
two classes of business men who have
more mutual interests than bankers
and real estate people. We are cousins
if not brothers.
F. B. Anger, representing the Ma
tional Real Estate association spoke on
1.-The organization of members and
their value to one another"
Discussions followed.
Much informal discussion of the
proposed immigration bureau was pre-
valent. The sentiment was that some
thing should be done to prevent curb
stone real estate selling without IL
cense. 1t was said that a punitive fine
should be established for such offenses.
Although the Kansas association was
organized only a year ago, nearly 200
members are in attendance today. A
large delegation is here from Wichita.
They are making a strong effort to Sc
cure the next state convention for that
place Governor Stubs is the princi-
pal speaker for the banquet tonight.
The program for this evening and
tomorrow follows:
p m.-Banquet.
Following the banquet address OF
welcome by Governor w. r. Stubbs.
Response to address of welcome-J.
H. Little. Lacrosse.
1.-The Legislation We Need"-PreSi-
dent Charles I. Zirkle.
1.-THE Relation of Railroads to Real
Estate Agents''-C. L. Seagraves, gen
eraI colonization agent A. T. & s. f.
r. r.
r. p. Cross, secretary United States
Land & Irrigation exposition Of Chi
cago. Subject to be selected.
General discussion on any subject
from the floor.
Wednesday, January II, 1911.
$50 a. m.-Assemble at club rooms
for free car ride through the city and
to points of interest in the suburbs.
2 p. m.-"Kansas Yesterday, Today,
and Tomorrow" by Arthur Capper,
puDllSner OF TOpeka DAILY Capital Mail
and Breeze, Missouri Valley Farmer,
and others.
James P. Blake of ST. Louis, treas
urer of the National Real Estate asso-
citation, subject, THE Local Associa-
ton and It's Value to Agents.
$3.50 p. m.-Reports of committees and
discussions for the good Of the associ-
alton.
Election of officers.
Selection of place for next conven-
ton.