The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-02-05
ncrtRaged 8

Of $40, as heretofore Then
If when the note falls due he wants
70 renew IL he will have to pay s43
more instead Of 50, as heretofore. In
addition the borrower Of $4,000 has 10
pay for recording the mortgage about
SIS. Then too. II he borrows through
a real estate agent he has to pay the
agent brokerage of to 11-2 per
cent. on the amount borrowed, accord.
Ing to the time the loan has TO run
However, the agents with the warm
collars did not lay very much stress
on this part Of the complicated transact
ton.
So 1t would seem that when "A fellow
gets hard up and has to borrow say
| $4,000 OH his Gilt-cdgc property Sc
eurity. he has to turn loose about s275
or 1913, II 1t be threeyca loan, be-
fore he can ever finger the proceeds
OF his borrowing proposition, and then
after he has paid q years interest
At or per cent in addition to the
above enumerated preliminary charges
z mighty hole has been made in the
10000 pile.
An oppoaition Combine ,Iooted.
One OF the men wearing an over
! heated collar told me tina. there Is
| serious talk among some OF the agents
OF getting together and organizing and
Company" to do their own title ex-
aiming. Said he: This is nothing
! more than Il combine on the part OF
| the lawyers and the thing TO dc IS to
form an opposition combine, not in a
spirit OF retaliation. but as matter
OF economy in tic interest of our
clients and also to expedite business
ana avoid ycXations delays, for want
you to know that some of the men OF
n IN1r n d
slow way.
Because Of their delay in passing
upon titles business is frcnucntiv
,,iiandlchpped and often borrowers and
Du 80 iose money by these unncces-
sary delays. The agents who negotiate
ne loans also lose money by the law
yScrs' slow way of doing business. 7
s snow OF a ga ease Just this week where
loan OF $1,000 by this very kim, of
nrocrastination on the part or the law
scr examining the title call IT pro
~ fs,.ii,n. but guess in Your line
VI business 1t would be called Iazinesv
ms agent went on 10 say that tho
Proposeh,.ra Abstract and Title ComnanS-
os "a, and sustained by the real
estate agents OF the city could keen :.
Rooh lawyer constantly cmploycd w
IN addition 10 examining titles for tba
agents he could look after the many
go 1870 5ha.tets that he agents have to
aun'ehd WIN III the Hastings Court
ana INC justices courts. such as cor
recting erroneous assessments OF iron
erty, etc, etc. -
ne proposition TO erect a skv-scr.n
tns hptei on the site OF the old Y Ny
H. y. EulidinG, Sixth and Main Streets.
ilas been revived with hright nro.'
peGtS Of early consumma ton.
Wilson Meek has become y real
Ia bY n,,sa t, ana is connected with
~, Inn ,nou Use OF } p. Carneal & SON.
properues. especially building lots, are
aom,sinS Tor the coming Of the grass
ana inc lovely spring days, when Rich
11iHlmpting to the lover Of real home
,s - Wexford Beveridge, an experienced
aime with II. $. Hutzler & Co. is nov
associated with Vaughan & Co,
,,c sn,,e NUMBER OF the small priced
h ,o,a nnn iots sold last week We're bought
small houses for the benefit of NE
oMScr-iignrcd renters. both white and
hho o,n hlcllmond needs more neat
muses. OF this kind
Building operations were ne,er ,,,o..
a ,se az this season of year than
| aheS now are in all paris Of Rich.
Ihis column was closed. a pretty rond
yea that had been hanging IN tba
ffo,'its IN an unsatisfactory condition
.or TWO months or more was brn,,rrbt
10 mai issue yesterday afternnonN
me result was that a splendid niecn
a. !, nd u1ll property changed hands
sales as given above exactly san 06o
~, iei ore the man Of news could reach
ne ONCE Of the agent who engineered
et,,o yea ca , ne mad closed his doors and
Iu.ac 70 me country, hence no particu-
iais can be given at this time.
TWO ARRESTS MADE
Especial to The Timcs-Disnatcb