New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-01
LEADING REALTY OPERATORS.

There are concerns whose names IN
time come 10 be accepted as synonyhes
for the lines in which their business
not infrequently represents the major
mart Where this is cheerfully accepted
bv the trade IL is thus TO be accouhteu
FOR: 1t il the personality OF their man
agements. their readiness 10 alu su "
Cling competitors--their recognition, III
other words, of the obligations OF theiI
common humanity. The great hrm or
lanes n Glennon < co. is mobile
Illustration Not because OF lts hc-
knowledged pre-eminence, OF It's haVlns
the largest rental list in all the South.
of its vast mortgage loan business. Oh
the many big realty deals intrusted 10
IL and of the volume OF investments OF
which ii is the faithful steward, aoes II
receive the trades ungrudging SURFACES,
as well as those of the owner, tenant
and investor. 1t is because OF the re-
gard for Major James *. Glennon, the
dean OF the real estate fraternity
here of the respect In which Is held MS
unusual skill and Judgment and ms pro,
found knowledge OF realty values ana
of the grateful recognition OF the ever
ready helping hand To which 80 many
are Indebted Tor business success, or Tor
the ACQUISITION of the wherewlthal 10
keep the wolf from the door.
Nor has Major GlennonS service 10
Mobile been confined 10 the realty opera
tons that have been prime factor IN
its growth. lie has been largely instru-
mental In the building up OF one of It's
soundest fiduciary institutions. the Peo-
pies Bank. of which he has been a d.
rector ever since 1884. Then its stock
was so, to-day IL is $50.
To the unnitiated the above might APP
pear fulsome, but TO any one who has
been i'm reasonably close touch with this
business community II VIII be recog-
nized az simple truth. And IL explains
to newspaper readers the frequency with
which Major Glennons views are quoteu.
Few write OF Mobile who do not find 1t
necessary TO present them. As real es-
tate operators are in the van OF town
builders, he Is necessarily a remarkable
figure who may be said TO have cap
tanned their ranks for more than forty
years
Starting as a bookkeeper in 1871 with
Price Williams & Son. Ma jor Glennon so
quickly made his value felt by that then)
big real estate concern that in less than
two years it's name and style was Will
Jams 81 Glennop. After the seniors
death Major Glennon purchased the VIII
iamss interest. A few years later he took
into the firm three gentlemen-Walter g.
Horn and John +. and James II. Glennon,
his two sons. who had enjoyed the adj
vantage OF his tutorship. This in itself
sufficiently attests the quality OF their
equipment for a business handling of in
terests so vast and varied. How vast
and varied let the record tell
James *. Glennon 4 Co. has been Gnd
isl the agent for many OF the railroads
whose lines enter Mobile. and has bought
for them most OF their river frontage.
" has carried for many years FOR IT'S
Mobllian clientele between 100000 and
10000 IN mortgage loans. (Major Glen
non says that In the forty-Odd years he
has had one less-S100, But then. he
never takes second mortgages. and. a
conservative. he takes those paying a
moderate rate of interest, but safe be-
yond peradventure. rather than the cap
parently) juicy ones. Consequence: he
has never had to foreclose a mortgage
The firm has 200 10 800 pieces OF prop
erty for rent: OF these Il has the exclusive
management. looking after rents. repairs.
assessments. taxes and insurance. In
deed. II Is the owners factor" In the
fullest sense. Some Of these are non
resident: In fact. these Cfor whom II buys
and sells as welD are scattered from
Maine Ia California.-One alone owns
go pieces OF property here.
II is common knowledge that Major
Glennon knows the actual mot the APP
proximate, but the actual market value
OF every piece OF property here. That.
possibly. is because he concentrates
dealing (and having. for over forty
years, dealp only in Mobile realty. So
when he suggests "a bargain 1t Is safe
10 chance its purchase.
Among. other attractive investments.
Major Glennon is Offering a sash and
blind factory. with very large grounds.
track. In the city limits. for sale at
$4,000. the original cost OF which was
over 100000.
Vast Realty Interests.
A striking example OF the dawning rec
ignition by progressive business men
here Of the economic truth that city
and It's contiguous territory are inter-
dependent. their futures inseparable. IL
to be found in the recent establishment
Of the Clark Butler Realty Company. Inc.
corporation the active forces in which
have been until now engaged In what
time honored tradition has considered
two entirely different businesses.
Mr.. b. NJ. Clark. its president. has
heretofore confined his activities to the
buying and selling ad to the COLOMBIA
tion of farm landa in which line ne