Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-11-28
7 REALTY MEN
2 ARCHITECTS
APPRAISERS
Named by Board of
Works to Fix Plaza
Block Valuations.
SERVICE is FREE
Body to Meet Wednes-
day to Outline
Work.

Seven real estate experts and two
architects were named by the board
of public works today to appraise the
property in the block bounded by Me-
ridian, Pennsylvania, North and
Michigan streets, which the city will
take over for war memorial plaza
purposes.
The real estate men, all of whom are
0embers Of the Indianapolis Real Estate
Board are: Joseph J. Schmidt, Of Smidt
& Smith, president Of the real estate
board; James S. Kruse. president Of J.
S. Kruse Realty Company; John r.
Welch president Of John R. Welch &
Sons, Inc; Herbert E. Fieber of Fleber
& Reilly; Harry L. Robbins, SOC LOm-
bard building; William A Young, re-
tired, formerly with the Fletcher Savings
and Trust Company, and William T
Rasmussen, county inheritance tax ap-
praiser.
The architects are Robert f. Daggett
and J. Emmett Hail, president Of the
Hall Construction Company.
CONBIITTEENTEN
To SERVE FREE.
All Of these men viii serve without pay,
the Real Estate Board having agreed
some time ago that any of its members
named to assist in tine plaza project
should not take remuneration.
Technically the appraisal board Will
consist only OF the seven real estate men
Their signatures only viii appear upon
the official appraisals. The two archt-
tects were appointed to act in an ad-
vfsory capacity because of their expert
knowledge Of the value Of buil I'm IS. Tres
fdent AIark II. Miller Of the board Of pub
lie works. said. For all practical pUr-
poses. however, all nine Of the men named
will be considered as appraisers. They
will meet TO choose a chairman and out
line their method Of procedure in the Of
fees Of the indianapolis Real Estate
Board in the Lemcke building at 10
O'Clock Wednesday morning. Mr. kruse
has been mentioned for chairman.
The board Of works. Mayor Charles W.
Jewett and Corporation Counsel Samuel
Ashbv. spent the better part Of two days
in investigating a list Of prospective ap-
AEaisers before making the selections, Mr..
&ilIer said. Two factors were consid-
cred: first the freedom OF The prospect
from pecunIRry or other personal inter
est in any Of the property 10 be sp-
praised and second 70 make sure that
the prospect was qualified by expert
ence and reputation for integrity.
CONFIDENCE IN
MEN SELECTED.
I'VE had to ascertain these facts first
By our own investigation and secondly
By calling in the men and verifying our
findings from their records said Mr.
Miller. I'VE beIievA we have succeeded
in naming a set Of excellent men"
The board Of works has given the ap-
prsisers no instructions. but It Is IN
derstood they Will be asked to have their
work completed before Dec. p. when
the advertising periods on intent TO sell
bonds and for bids for the 81 100000 bond
issue the city expects to sell in order
&c pay for the property, VIII expire. The
law provides that the board Of works
can not pay more for any property to
be taken than the value fixed by the ap-
praisers. Property owners can accept
the amount Of the appraisal or reject it.
II they reject it, the board of works must
resort to condemnation proceedings.
1--WE do not anticipate any controversy
over the Valuations" said the board Of
works president ''It was to avoid CON
troversies that we exercised such care in
selecting the appraisers. We wanted to
get men Of such standing and experience
that their appraisals would be considered
SO fair that both property owners and
citizens would be convinced that the
proper figure had been arrived at. We
want all property owners to receive all
that their property is worth, but at the
same time we do not want the city to
pay more than it IS worth"
Mayor Jewett said he believes the ap-
Gaisers selected are the best men OBJ
tainable.