The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-01-17
REAL ESTATE MEN
SELECT FUNSTEN
Exchange, at Annual Meeting,
Names First President for
Another Tenn.
PLAN TO EXTEND INFLUENCE
Recommend Admission of Prop
erty Owners on Associate
Mem bership Plan.

The Richmond Real Estate Exchange
recommended last night by unani-
nous vo te TO it's newly elected board OF
d irectors that It adopt a constitutional
amendment which will permit prop erty
owners and other interested persons 20
ally themselves with the exchange on
an associate mem bership basis. 49,.
duced by Hugh A. McCurdy and sec
onded by II S. Hutzler, PROVIDES that
such associate memb ers shall have the
right TO attend meetings Of the sx-
change and enjoy other limited rights
to DE decided by the directors. rhey
are not, however. to enjoy the special
proviieQes of mem bership which are Sc
cured only to full me mbers OF the ex-
change. The associate memoershlp
fee. the resolution provides shall not
President Funsten. Mr.. McCurdy.
Mr.. Hutzler and a member OF othets
expressed the opinioIn 'h all, 'n a;d as he
Real Estate Exchange III ITS Work. ana
will bring about a better UNDERSTAND
ing and more cordial reisttlpn .hn ,a oe7
who act as their buying and selling
agents. The resolution was referred
to the board of directors. who Will re-
port on 1t at the next meeting
Funston Reelected.
The meeting last night revleTeo
elk he months ~ of its life and elected officers
the first president, was reelected WITH
ed ed %ere John e. Easiey. frst vice:
president: H. r. Pollard, Jr.. second
vice. president. and 3. M. Jacobs.
treasurer.
The following were elected members
of the board of managers: o. III. Fun
stem tchairmanl. Leroy b Brown, q; y
Chaplin. John G. Eaeley. w; p; CHM
rison. II. S. Hutzler. 3. j. Jacobs, u. 4.
McCurGy, William e. PizZfni, II. II.
Pollard. Jr.. and William Todd,
The board Of Managers age yv, III Il meet Iest
time elect a secretary. H NJ. Boykin'
the present secretary. will in al pfooa-
6ty t S hoss 6e to see TsT
Two hours of last nights meetlng
were devoted to a family discussion OF
the particular. ills With which the real
estate dealers colony in Richmond IS
afflicted. and a number of the mem oers
went into the fray with glovesof;
| On one topic. however. the exchange
/ the public prints. 1t was the virginia
mortgage tax law. President Funsten
took a shot at 1t in his official report
/ It up to the scorn of every weil,in-
formed man, and a half-dozen other
members followed suit
The exchange agreed without dis
senting voice that the present mort
gage tax law was an obnoxious impedi-
ment to the legitimate real estate ous-
! investment in more favored States, ana
places a premium on dishonest taxa
( ton returns II announced It's inten-
I ton to make an application for modi-
! ncation OF the law at the next session
/ of the Legislature.
Want More Commissions.
1.-The question of commissions on
court sales said President Funston,
( in his report. lis another matter that
we must deal with in the near future
We are now going on the bonds OF COM
D mi
therefor whatever. and are selling
court property at one-half the regular
rate.
Court sales are as important as any
other sales, and are often more difficult
10 make. / see no reason why we should
be forced TO render. in court sales, the
best service in US at deprecated
value. when it is important that in
fants and widows and others VINO are
parties to court proceedings. should
have the greatest protection and best
service posi- BILE
Treasurer Jacobs reported the none
tary affairs OF the exchange to be in first
class condition. and Secretary Boykin
reported an Increased interest in the
work performed by the exchange, The
total mem bership is now forty-eight.