New-York tribune., 1912-04-07
committees that supported It disappeared
Ike mist Of the morning.

committees that supported 1t disappeared
like mist Of tho morning.
Francis r. Ward, who was for some years
president Of the Real Estate Board of
Brokers. told this story In an address about
the ethics Of the real estate business.
Some years ago ! met in streetcar
professor Of the School OF Mines of Colum-
bia University He said 10 me: I was just
thinking as to what was the essential OF
success. am OF the opinion that 1t is the
ability 10 dfferentiate between the essen
tal and unessential and then TO act ac-
cordlngly' The man who casts aside the
unessential things I'm the road to the goal
of success in the realty field Will find the
road very much shortened
John II. Halock suggested some years
ago that condemnation proceedings bc di-
vorced from politics and that n commission
of representative business and realty men
be chosen with power to begin, hear and
determine all condemnation proceedings af-
fecting property in this city
He also suggested that the law providing
for the commission be so framed that the
for handling condemnation proceedings af-
fecting one or more parcels in the district
in which the district commission had its
headquarters.
The majority OF property owners would
Ike TO sec such a law In effect
There are not many real estate brokers
who know how 10 write a fire insurance
policy. Many. however. think they are ex-
perts about such matters until client Of
theirs learns after his property has been
damaged by fire that he was only partly
insured. III buildings are to be insured.
says r. o. Haubod." care should bc taken
TO issue the policy I'm the name of the per-
sons I'm whom title is vested. that provision
Is made that should the building stand
upon ground held In any other way than
fee simple the policy will not be voided
by that fact
'If the premises he or become vacant for
a period Of more than ten days the con-
tingency must be met"
The value Of corner parcels is often illus
trated in a novel way
The original home of p. +. Barnum stood
on the site of the ST. Paul Building, at
Ann street and Broadway II was sold TO
THE New York Herald" which occupied
II up to 1895. In that year it was bought
by the late n. o. Havemeyer. While MI
Havemeyer was having the old building
that stood on the spot torn down a man
visited the Office OF Edward l.. King the
corner property specialist and said he
wanted to put "A sign on It,
Mr.. King told him the privilege of put
ting a sign on the building could be had
for $500.
In a few days the following sign an
peared on the building: "Don't BE Woozy:
Chew the Gum That's Round" The sign
attracted widespread attention and the
men who put it up Cohen Bros. & Klee.
in year made fortune and retired.
THE brokerage field is becoming one of
specialties.' said Lawrence b. Gilman I'm
an address to one OF the first realty
classes II advise any young man who f.
going into the realty business to special
iZe
"A man who has been brought up I'm n
certain section OF the city has a better
knowledge of the changes that have taken
place there than a broker who is a resi-
dent OF another section. but who decides
TO engage In business I'm that district.
1T is absolutely necessary for a broker
to have thorough knowledge of values.
and person who tries to have perfect
idea of all properties offered to him for
sale Is handicapped in seeking to become
successful because he aims TO do too much"
THE looks and finish Of an apartment
eh he
Davis. but efficiency and economy of the