The Birmingham age-herald., 1918-11-08
JOHNSTON SPEAKS
 { ON ADJUSTMENT 0F PEACE CONDITIONS
Frank E. Butler is Unani- mously Elected President of Birmingham Real
 Estate Exchange

A meeting of the Birmingham Real Estate Exchange, held yesterday at the Southern club, Frank E. Butler was unanimously chosen to head that or ganization during the coming year. MT. Butler is widely known for his az gressiveness and business acumen and his election as President is a recogni- tion of his ability in his chosen field.
 The meeting was one of the best at tended of the entire year, practically every active member of the exchange being present. The principal speaker Forney Johnston, delivered Q very able address on business conditions after
 the war, and declared that America
 would have more difficulty in adjusting it's business to peace than 1t did to war.
 "As soon as hostilities cease, the government loses all power to control prices" said Mir. Johnson, and the op- |portunity for profiteering will become so great that some may be tempted to raise prices to d level unparalleled III history, but here is where the real pa
 trietism of the American people should manifest itself"
 WONDERFUL RESPONSE .There has been a wonderful response by the people of Birmingham and the whole country to the regulations and requests of the war industries board and don't anticipate that business men will take advantage of the unusual con- ditions that always follow peace declar- ations, but the temptation is there, ana the power to regulate commodity prices
 will no longer be vested in the gov |ernment"
 Dr. Newlins, former president o1 Guil :
 ford college, now in the Y. M (. A service, spoke of the necessity of well fare work among the soldiers after the war He stressed the fact that after
 peace is declared our boys in France will not have the same discipline as heretofore and with much leisure time in their hands they will require more attention and entertainment.
 Retiring President Alex c. Montgop- cry made a brief talk in which he ex- pressed his appreciation of the hearty support that had been accorded him during his term in office and pledged his cooperation and best efforts to the incoming administration.
 The president-elect, F. F. Butler. then took over the reins and spoke few words of thanks for the honor con ferred upon him. q deeply appreciate the responsibilities which this office en- tails. but l can assure you that if hard work will accomplish anything 1 Will not be found wanting. I realize thai in attempting to fill MT. Montgomery shoes I have assumed momentuous task and one that must not be con- sidered lightly
 OFFICERS ELECTED The nominating committee, composed of T. H. Motion, J. H. McCary and HI Ferguson, reported as follows: President, Frank E. Butler. First vice president. Fl. K Milner. Second president, NJ. A. Hines. Secretary, Jerome Tucker. Treasurer, A. B. Tanner 1 Executive secretary, R. F. McDa' vid.Jr.
 National committeeman, Hill Fergu. son.
 Three new members of the board ol trustees. w. c. Oliver. T. H. Moltor anI Johi. Leedy.
 Three new members of appraisal com l mittee, A. M. Throckmorton. +. B Towlkes and B. A. Thompson. All were unanimously elected upor motion of Gus A. Pope, sJr. The realtors were kept posted or the progress of the war situation ane the meeting was at fever heat through | out