El Paso herald. (El Paso, Tex.) 1901-1931, 1915-11-19
REAL ESTATk
Z BOARD FORMED
Realty Men Form HucleNs
Of Exchange; DISCUSS theN
Price of Farm Lands.

The real estate board. auxiliary 70
the immigration department Of the
chamber of commerce, was formed
Thursday afternoon in the chamber
building as q permanent ASSOCIATION
the nucleus of an FL Paso real estate
exchange to come
The main, object of the real estate
board is to bring about cooperation be-
tween the publicity and immigration
department of the chamber of COM
merce and the local real estate deal
ers in handling prospects coming here
for valley and city land
Officers Are Chosen
The board is composed of the 8 real
estate members OF the chamber. and
elected Thursday afternoon the follow
ing officers to act as board Of gov
first vice president, J. B. Paden; second
vice president. A II. Anderson; third
vice president Dexter AIapeL and sec
rotary. N B. Stevens
The board OF governors is also TO act
as a committee TO draw up cOnsutu-
ton and bylaws for the new organiza-
ton. The publicity and immigration
departments Of the chamber of com
merce are to act as a central office.
1t was voted to adopt a rotary sys-
ten Of turning over prospects. calling
for information on valley and city land
10 members of the board
Claims Land Too High.
The main problem rising TO confront
the newcomer VINO wants 70 EEAAAe HI
the FL Paso valleys, according to James
L. Mari, was the high prices for lands
under the Elephant Butte project Mr.
Narr stated with emphasis that farm
lands were quoted too high to make
them inviting to the man who arrives
here from distant parts.
Publicity commissioner George h.
Clements took exception to this decla-
ration in part, but pointed out that the
short time payment plan made LANDS
3. s. > mHe Of 3" aaa a. b.
He advocated 10 or Is years for pay
ments-
To Have m Exchange.
1t Is proposed eventually 10 develop
the organization into real estate ex-
change. having separate headquarters
and offices Of its own and IN which
membership shall be held by every firm
maintaining offices for the transaction
Of real estate business. One OF the in
itial campaig ns in mind is that OF driv-
ing out the Curbstone brokers who prey
upon the public and legitimate real es-
tate firms alike, to dignity the real eS-
tate business and to establish certain
rules and ethical practices
II is believed that every real estate
firm Of size or Importance in FL PasO
Will shortly be enrolled in the new or
sanitation As soon as a constitution
and bylaws have been adopted. MEM
bership list will be circulated through
out the city
Getting Advice From Elsewhere
Meanwhile letters nave been written
TO the real estate exchanges OF Los
Angeles, Dallas and other cities asking
for helpful information It is hoped to
have the new association in working
order soon On Saturday, Nov p, a
luncheon Of the real estate men will be
held at which further plans viii be
discussed.
we have started out TO form an or
ganiZation Of the real estate men a
number of times" said James L Mari.
but this time we have really formed
one such an organization has been
badly needed and viii, in the end. bene-
fit the investor as much as the real
estate operator. The leading firms of
the city are a unit in favoring the plan
and this time il is certain to succeed