New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-17
Some Large Tasks Done by
New Head of United
States r. & !. Co.
His Pet Avocation
Msvoralty Timber Is Plainly
Seen in Various Parts OF
the Local Market
4, ,RTHUR I. NICHOLSON


, long time IVES the announcement
Wednesday that Laurence Nc
md been chosen president and
,.;--sn Of the board of directors OF
L.r,;ted States Realty and Improve
=. Company in place of Wilson ;.
y;.,..r resigned, who was at once
-.a 10 be chief engineer in charge
r,h, subway construction work. Nc
c.;-. Is. great realty man; Kinnear
cr.,. engineer.
Name Rumor says that in this new
- v,Cuire will get salary Of from
.-;nao TO 100000 a year. In many
Iii, Of life it is not possible for any
imam being to earn by constant en-
s..vor plus ability 100000 in bust
.,s, career covering two or more score
rssrs But in realty there are many
- who get $4,000 or more year
straight salary or on commission.
y..n hear the Nesey Street anvil emo
-. shouting: "There amt no sucn
.,-nane your phenomenal plum
-s,tsrs" would name them all II
p so doing l would not be breaking
cadence. have had some Of these
WV IN the $50. 800, 000-a-yesr class
I'll me how much they earned year
,rd. moreover. what was the nature
n the service for which tney were
aid. Many thousands are received
,,ayly by few as fees for giving eN,
,,rt testimony IN condemnation anu
s,ber realty cases OF this class. III IS
Iaveyer. as expert appraisers, expert
managers. or for leasing or selling that
rost Of the fat salaries or large COM
mission plums are paid.
Shortened His Name; Increased HIS
Power
While Mcclure has abbreviated ms
hu,;rcss nanne-he used to sign nm
.sf laurence NJ. d. Mcclure when ne
Va, elected president of the keai
r',,,e Roard of Brokers four years
aro-his ability and fame nave cor
respondingly multiplied. lie was IttIe
krovn outside the real estate EoI!u
when ne took Office as president Vi the
Real Estate Board OF Brokers eSGeP'
nm at the New York Athletc CIup'
vhere his adeptness with the sioHes'
tho regulation sized boxing MUS, "as
ofter a tonic heatedly discussed. some
Ia WeGuire could easily whip any
Of the heavyweight ring champions,
o,hers said it was silly 10 argue that
Wv "a McGuire was true amateur
boyer and he did not box for monetary
lin hut in order to perfect himselI
IN Tie art of self-defence, and IN TINS
way be kept in good physical TRIM
Purveyor of Concentrated Strength
vcGuire may aptly be called a pur-
vavor of concentrated strength, the
,,~s,g,b OF many men brought TO-
ether. then welded nicely and maze
IN move toward its ma0net, us goal
rueb more smoothly and chectlVeiy'
Soon after he became president the
zeal Estate Board of Brokers De
s,ms the Real Estate Board. Brokers
,,e mt the only power in realty; they
az a stellar mower, but there are many
sreb novers. You will find nearly ali
N all these powers in the keal hslaIe
Board -l50 members when McuuIre pc
earne president; to-day 1,5OO mempeis'
Rut this increase in membership does
10. give YOU an adequate idea OF the
vast effectiveness of this organization
the excellency of the service 1t - dolhe,
in support of its cause and scattering
IL measure of benefits over the helds
of ali identified with resl ty interests
eyen on those who belittle Its or ~
uore H.
Word About Leaders
I, The last twenty or more years, the
,oe,l realty fields have had many men
Who have been looked up TO as Ieaue' :. =
Most Of them have been operators VI, ...' a
ls,ce scale They carried out their own
plans in dazzlingly successiul ne.,
ner. Few. however, were WhaS III -.
\, called nublic leaders, for 1t does not
seem reasonable TO call man, wrapper
I'd almost completely IN ms personal ''.
Affairs. a public leader. ny cioaSihe
himself thus he narrows has leadership
10 IS leader Of part anu ny a
whole set Of men; Of a section anu ~
an entire line Of business WIN ~
almost innumersble correlated prahcheo I.
Ever since Mcclure stepped INTO tne
presidents room a. the Real hsIS .e
Board and seated himself IN the pis
chair there, he has been a big puoiic
l.ader: the larger part OF each DAY ne
las devoted himself 70 working IN th'
Interest Of the public. r
Some other great realty leaders OF
Tie present day are Allan Robinson
President Of the City and Suburban
Homes Company; Alfred h. Marling, OF
Horace 5. Ely e. Co.; William IL.
Wheelock, the new controller OF Irlnlty
Church Corporation; Robert +. DOW
Ing. president Of the City Investing
Company; Walter Stabler, controller OF
the Metropolitan Life Insurance Com
p.ny; Representative jefferson NJ
Levy. Henry Morgenthau and Clarence
II. kelsey. president Of the Title Guar
aniee L. Trust Co. George ]. Mortimer
president Of the Equitable Building
corporation. was talking like a real
realty leader Up 20 the time he TOOK
enarge Of running the largest once
building IN the world. Since then nc
has been quiet; he has written few
papers about realty matters. ~
Michael Brsnnigsn would say:
realty leader must talk; he must tell
realty vha, i; should 90. and then make
90 ~ We hope in the stressiui
me, for realty that Mr. Mortimer VIII
ZIP throw some light on the dark
y~esf There b. much mayorslty tim.
~ % BE- found In the realty held, and
would not surprise me % see TINS
sy eve the Chief Executive job 70
we o. the leaders ! have mentioned.