New-York tribune., 1912-08-11
Topics Relating TO Buying
and Building Discussed
in Trade Zones.

Outte a few Leading real estdte "e"
think legislation is needed In order u
,essen the delays OF vehicular traffic IN
the metropolis.
Saturday is one of the busiest shipping
dsvs of the week to vast numbers OF
wholesalers in the downtown district. anu
svervtbing possible should be done, say
these real estate experts. to prevent tranic
from being blocked.
Traffic is often tied up" by parades'
The real estate men are I'm favor or tne
enactment of bill which would pro-
hibit the use OF any street south or 9't''
street for parades or anything that would
sertousIy hinder traffic on Saturdays from
a. m. TO q. m
"It may be possible that the Legislature
At its next session." says a member OF the
Corporation Counsels Office. will oe
DISPOSED 10 give consideration to the SUD
tect with view to so amending the Ia" as
to hermit reasonable restrictions by the
police OF the present right of parades 10
use the streets to the exclusion OF others
and the stoppage of the streets tramc.
The only direct power OF regulation or
parades is found in Section l,457 OF the
charter. which requires that six hours
notice shall be given of a parade. upon
which notice II may be lawful for city
police authorities to designate to such
procession or parade how much OF the
street in width II can occupy, with spe-
cial reference to crowded tIoroughfareS
through which such procession may
AociVnutpH tho CnfpT
officer of such procession or parade shan
be responsible that the designation is
obeyed, and 1t shall be the duty of the
police authorities to furnish such escort
az NAV be necessary to protect persons
and property and maintain the public
peace and order.
This regulation or provision is clearly
a recognition OF the prc-existins right OF
parades TO use the streets"
All the common terms, phrases and
words used in the realty world could be
printed in a small volume. They do not
seem 10 number moro than several thou-
sands.
This little vocabulary may partly ex-
plain WHY there is little difference In the
literary form OF a multitude OF articles
shout real estate matters. For instance,
the important local trading is the result
Of the activity OF sellers and buyers,
lessons and Iessees and improvers OF real
property. In other words. the list OF
realty operations in the metropolis Is
principally made up OF sales. leases and
rentals.
Professional buyers and sellers are
called traders. At least, they were unul
Montague Glass put In black and white
IN. familiar expressions OF Vesey Street.
In that famous meeting place OF many
landlords OF New York and their agents
the words real estater" were first heard'
Maybe the person who unkno"ins'y
coined II thought Y was common term
Of the English language. simply because
seller and buyer each have a SUNK ehulhs
,n .er" And trader" too. has similar
ending besides. builder" broker, I'm
prover." renter" taxpayer" man
arer" and a host of other real estate
words.
Therefore. Il seemed natural to say
"r.ai estater" in describing person az
being Identified with the real estate busl-
ness or market. In fact, 1t also meant
thar the man referred to had some years
exnorIcnc. In the local real estate field.
AZ was 10 be expected. that nerve rack
ing word "agenter'' Is occasionally heard
lts meaning is the same as that OIL
agent" and therefore II is useless ad-
a,tion 70 the small yet ample hst OF words
and expressions relating 10 realty.
"Naybe the propensity to have the ma
,o-,,y ., the words heard in the real es-
,a,a market end In er. said Nesey
s,roo, huver the other day. is due TO
.ho ,ac, that after each or our plans mas
,,,r.d v. and ourselves either gamer
or loser. a..
Owners are beginning 10 realize tha'
,bers IA nothing more expensive than an
inexperienced manager Because orohe'
has made a vast fortune I'm finding buyers
Cor rronerty. he has not acquired thereby
a. .c..,arv knowledge to manage Dis
office skyscraper.
brokerage and building management are
,,.o distinct parts or the realty business
,aro.s v Collins has drawn In clever
,oanner In an article in The SATURDAY
Evening Past, word picture Oh ''e up
to-date building manager.
Mr.. Collins says In part rs toilo"S'
housekeeping for n skyscraper com
runity is a big Job. and has brought INTO
existence the skyscraper manager an eN-
ecu,iys with many activities, many prob
lens and much responsibility and miscei-
laneous knowledge.
twenty-five years ago the modest OF
dce building OF the time was usually
operated by a real estate agent as SIDE
issue of his business. The agent appoint
ed a tanitor who ran the elevator nred
the boiler. made repairs. bossed the clean
ing and the tenants. and pieced out his
wages with tips commissions and pick
ings from the waste paper.
Cost Of operation depended on such de-
tails az how close TO the elevator shaft
the architect had put the boiler. If the
latter was convenient so that a shovelful
OF coal could be thrown on the fire be-
tween trips. tenants were warm and fuel
Lu,. hut ~ the elevator WAS at