The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-10-03
ACT FOR LIVING AND
IN BEHALF Of DEAD
Real Estate Departments OF Trust
Companies Not . Recent De-
parturc In Their Work
PEOPLE APPRECIATE SERVICE
Have Come to See Advantages In Hay-
ing eil-OrganiDed Insu n I o n.
Handle Rentals, Making Repairs
and Looking After Realty Interests.

The wage-earner who uses the saw
ings Of lifetime to purchase a home
and the rich man who invests ex-
tensively in first mortgages on i'm
proved real estate are~especially liable
to suffer losses because Of the many
opportunities which INSCRIPTIONS
agents might employ by manipulating
abstracts, certificates of title or
through speculation. The records OF
the civil and criminal courts OF this
city reveal many cases where such
frauds have been committed For
public knowledge there are scores
which are never brought to the light
| OF day. 1t Is Just this condition OF
affairs which has induced owners Of
real estate property, investors in real
estate mortgages and the humble
wage-earners to employ the reliable
fand safe services which trust com-
panies OF this and other cities now Of
! Ter. Practically every up-to-date and
successful trust company now con-
ducts, in connection with its trust.
/ banking and other departments a FULL
: Htaktu real GSlHAG Aii
charge of an expert who knows all
about local land values. real estate
! law and has a corps of trained men
at his command
The real estate department OF .
trust company Is not q recent de-
parture in trust company work. But
IT IL only within recent years that
the people who have to do with real
estate affairs have begun TO appreciate
the service It renders. Instead of one
agent passing on important real estate
transactions, the sonndness of loans
made on mortgages or the validity OF
titles and valuation OF property, the
real estate manager In q trust COM
pany has the benefit of advice from
the various executive oficers and the
members Of a board Of directors who
must necessarily be some OF the most
successful and responsible men in the
community. II Is. therefore. natural
tn suppose that. where real estate
property Is conveyed to the care OF
trust companies either as agent for
trustee under will, and administrator
OF estates, there are many advan-
tages over the Individual.
I Trust companies. through their trust
and real estate departments, act not
only for the living but also In behalf
OF the dead. Time and experience
have proven that In all transactions
which require faithful and extended
service the corporate trustee. living
on forever from generation to genera
ltion. exceis the individual. who may
ahscond become III. die or prove In
competent Through the real estate
department. the man who has acquired
n fortune and wishes TO rest upon
the fruits Of HIS labors. may be re-
tlieved of all burdens growing out OF
his real estate holdings. The trust
company attends 10 the collection Oh
rents. to making repairs, to finding
new tenants for vacant houses. to re-
newal OF insurance policies when due,
10 payment OF taxes and interest 70
holders Of mortgage. 1t keeps care
ful accounts showing exact income
and expenditures on every piece OF
property so that at any time the owner
may know IL 1t is profitable or other
wise When the trust company IL ap-
pointed agent and obtains the lease, II
ascertains IL assessments have been
properly made and often secures a
reduction in the appraisement. II
prints lists of houses for rent and has
special opportunities for quick rental
OF vacant houses This applies not
only 10 residential property but also
Ito factory sites, business blocks, stores
etc.
IL Ii follows. almost a. q matter Of
course. where the owner OF real estate
has transferred the care OF his prop
erty to the real estate department oil
a trust company and learns how
economically and faithful all his
wishes are fulfilled. that he makes q
will in which he appoints the trust
comps executor or trustee and ad-
| l--.t to- 49, - ~ Get T. q.
sured, that In the event OF his death
the trust company will continue &c
manager his real estate property Al
we'll as his personal property with the
sare fidelity as IL he were alive, fol
the benefit OF his wife and family
/ Where the trust company Is consulted
n the drawing up OF the VIII, the
rower Is usually given TO the trustee
~ sell real estate or personal propert,
p. It's discretion. 1t is common &C.
currence with trust companies thai
fa-y save estates in their keepins
-r.s sf money by disposing of prop
s;-ty before 4 depreciates In value. II
ss,r., .ssss. site trust officer and the
3,.e.a; estets department manager work
naae - hard They have expert ap
,-ais~rs ~hc know in advances
.sffs,sr vaa. estate Is going to de
Z s..eeigrs. n ere instance, loca
fr,sSt tel" 2s-sty recently SdVeu al
'esls.s s20.a ny selling a business
hlcox belonging to an estate In u
charge sisnaagh tae beneficiarie
were at ;srst orrnsed ~ the sale.
IL conn.<tion with the real estate
ii partrcent there is frequently it'll
department where validity OF title
sre ~crf~a,ss a. lowest cost. It hai
alse tscs.it.ss for securing the bes
-.ssa q s.s~ loans. for~ IN
..-sa:,s>s, either :c- those who want Thu
/; ~ 8. .se,,ur.sv CT tar investment o
srs..t f.9ds ,r their caro-. Because o.
ttae<A ar.1 ,ther features. the rea
: >,s.ts Department 81 the trust com
J r.s, (, cs,atir<yas:rs itneIf moro ant
,,nr- - tsose sfn may have need o
1.-THE sers-sce X renders.
Iscquisition for Edward Crap.
A roopisitton was issued yAsterda.
i .~orn the secretary OF States offic
upon the Governor OF Maryland 70
/ the surrender Of Edward Crap. want
q 40 In Rappa ha mock COUNTY FOR 4