The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-02-05
Fairly Good Week That
Brought Many Bright
Prospects.
MORE ABOUT THE
a WFUL DEED TAX
Richmond to Have an Exchange.
Lawyers Who Examine Titles
/ Spring Surpris e-The
Agents Get Warrn-New
Abstract and Title Com
pany Mooted.

The real estate market Is active
and yet It Is not actice" was the die
metrically contradictory statement OF !.
well known agent yesterday HIS ex.
PLANTATION was that a number OF large
sales and great quantity OF small
ones that lack but one more 3trokc 10
bring them TO completion we're held
back last week by unfavorable wealth.
er conditions and other untowara
causes However. there were any
number OF what may lie called urgen,
inquiries. with renewed evidence OF the
loosGning vi OF tho money market
80 FAR as realty investors and home
makers are concerned and under these
conaltions the agents Nno handle
1achmohd dirt Keep optcniistiu and
repudiate the SUGGESTION tina: business
~ doli. The total sales for the week
OF city and suburban property amount
cd 70 but little more than s125ooo
and consisted almost entirely Of small
transactions, such as vacant lots 10
nome builders and small residences in
various parts OF the city. Irost of the
vacant lots sold for building, purposes
were in the western section 81 ,hc
CITY and the suburbs.
small Sales Order or the Day.
The new arm OF Vaughan & Co
with Offices over Crcnshaw.g store
Eleventh and Main Streets, inadc It's
maiden sales, the sam me being 100
teet on the Boulevard to Z. l3. Hatcher.
ior $1,000, and four small dwellings, non
Iaylor Street TO Bernard Brothers. for
$3.50. +,
Golsan & Nash closed up $50 ooo or
small deals that nave been hanging
on ne string 'or many weeks. These
include sales Of $4,000 worth OF acre
age and farm property In iiunrico ana
Chesterfield counties. lots in West.
hampton on College Terrace and club
lew, houses on East Franklin street
ana Broad street and Hats III South
richmond The mos, OF The agents
made similar sales. no one piece OF
property exceeding ss.o13 III value.
Ilc srea test activity. so far as In
curry and bright prospects or early
sales arc concerned IS noticeable
among the agents who make a special
y of farm lands throughout The State.
and especially within a circle OF sew.
eniy-ive miles around Richmond.
hesc agents are showing properties
every day that the weatiae ,,crmits
an, they are also selling farms 10 beat
ihe band, Their sales OF the pas, week
are not included in the ;otal given
above.
\ Reni Estate Exchange. 4
This paper las long advocated real
estate exchange III this city. where ali
or the auction sales may be pIlllcd off
instead OF on tho ground, thus insur-
ms a transaction at the appointed time
researches Of weather conditions but
IL mas been impossible 10 get the
agents together on This subject some
1avoring an exchange vigorously, 9TH
ers indoraing 1t in a languiA SORT O,
way and others being bitterly upposed
q. ic},
real exchange anyhow The Noon
andson Realty Corporation is going 10
run one on It's own hook. The cX-
chanse will be opened for the first
sales next Friday in the upper room.
no. IS North Eighth Street. over the
corpora 1ion,s Offices The room is be-
Ing handsomely fitted up for the pur-
pose and Will be in charge of j. w.
Lord, an auctioncer of large expert
cnce. On sales days the lectures of
the auctionccr viii begin ar O'CLOCK
IN the afternoon, an hou.. when, all
BUYERS and prospective buyers can get
away from ether business ana 81, on
hand. 1t is understood that at tho
ilrst sales in the exchange next Fri
day afternoon several very attractive
pieces OF property will be put under
the hammer.
About Tint Deed Tax
prominent real estate agent. who
al5 - q ilioueSl man ana would not have
his name called for anything in rea-
son, buttonholtd the man ii news the
other day and discussed IT length and
IN an animated way the lengthy in
terview with Leroy Brown on the
deed tax question. which interview an
peared in this column last Sunday
ana has attracted as much attention
among real estate men and property
owners and buyers ana sellers OF
realty as anything that ever did an
pea! here Said this modes. man:
Brown is dead right. This onerous
tax whiclt Virginia cXacts rom cyery
one of its citizens who has !, deed or
mortgage recorded is infamous No
other state in the Union cXac;e al, ad
valorum tax OH property leeds and
mortgages. II is a burden. and an
\ annoyance from every citizen who
buys farm or town ID. anywhere
in the State.
Drives buyers From virginia.
Il know the fact, as biough, out by
Mr. Brown, that this tax. which no
other state in the Union exacts from
its citizens. has driven men CIT OF the
State who camo here from other State.
to invest in and develop virginia
properties.
"Whilc those l came in contact with
objected, of course. TO ~ tax, their
principal objection to its,-imposition.
and one that seemed to make them
mad with everything in Virginia, was
the publicity that the record Of the
imposition OF such a tax gives to tibet.
private business ! Go hope Tho Timea-
Dispatch. which is Il power in his
State, Will keep hunmernS on this
subject, cditoiial!y ard otherwise, I'M
III the members Off Legislature arc
brought to their senses 10 the end that
they Will come TO the rescue OF tho
~ =.