davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1922-01-22
JOURNAL PRAISES
REALTORS FIELD
Title Used to Separate Mem
bers From Non-Ethical
Dealers.

why does the National Associa-
tion Of Real Estate Boards adopt the
word Realtor' to designate its
members" asks the National Real
Estate Journal. Because we have
reached the point in our activities
where We have reason to be proud
of our profession. because our ac-
compllshments entitle US to a title
that. will distinguish US from the
non-ethlcal dealers.
Twenty years ago-and that is a
short time-the average real es-
tate operator was known as a real
estate shark In a score of years
we have established ourselves in
our own and the public's respect. We
have won confidence and friendly
trust, where formerly we were re-
garded with enmity and suspicion.
For this we have to thank our Ma
tional Association, for not only did
IL inaugurate the ethics and ideals
which would lift our calling to the
dignity of a profession, but II found
the means to convince local boards
that the application of these hign
principles was both practicable and
wise. Your National Association
popularized ethical dealing with the
public.
But the advancement that has
been made is slight compared with
the advancement yet to come. We
have touched only the high points
in the possibilities our work holds
in store. No other line of business
ever offered the opportunities for
high service that are ours. The
past has been the dark age Let
US look to the future with a vision
unimpeded by narrow selfishness.
The Realtor Is a public figure; his
obligations are conspicuous.
During the war splendid service
was furnished the government by
our organization in the purchase of
property for housing bureau, the
war department and other federas
divisions. Many of our ablest men
gave their time and best efforts to
enable the government to procure
the most desirable properties at a
fair and reasonable price.
When the war was over and the
housing bureau faced the task OF
turning its properties back into
money, the Realtors again were
asked to serve, and word has Just
now been received from another oe-
partment of the government ask
ing whether our National Associa-
ton can furnish dependable men to
advise the government how best TO
realize on widely scattered proper
ties for which this department has
no further use.
"All Of our boards have recently
nlled in the QUESTIONABLE from the
Secretary of Commerce and are be-
ing enlisted in the housing cam
paign which the department has un-
dertaken.
These activities are mentioned
to show the recognition our Nation
al Association has won. That rec
ognition will rapidly become more
and more nearly universal"
The Washington herald., 1922-01-22

As the servant of business and
trade, the commercial banker can
not but view with grave concern
the enormous and rapidly increas-
ing volume of taX-eNempt securities
in this country. said Mr.. Dunbar,
In addressing the Pennsylvania Real
Estate Association convention at
Pittsburgh.-Nation Real Estate
Journal.
The arterial system OF business
requires constant infusion of
fresh capital without which 1t be-
comes sluggish, and IL long with
held. ceases to function. In these
days. when the whole world Is
slowly convalescing from the
wounds of war, and business is just
beginning TO discard its crutches
and its hospital equipment. We need
the quickening influence of ample
capital and resources and the ini-
tiative and capacity OF the best
business brains of the country.
tax-exemption is to shut of this
flow of capital into business chan
neIs, to deaden business initiative
and to delay the return to normal
conditions in the business world.
Atwood. the financial writer. in a
recent article. points out the folly
of the tax policy of soaking the
rich" and aptly says: While the
super-taX takes away three-quar-
ters of the income of a man engaged
in business or investing In industry.
there Is a wide-open access to the
safe and tempting refuge of tax
exempt government, State and mu-
nicipal bonds"
Conservative estimates place the
volume OF taX-exempt securities at
sixteen billion, with a million dol
lars being added each year DR..
Adams, tax expert in the Treasury
Department. states that the volume
of exempt securities is sufficient for
all wealthy men to invest nearly
their entire fortunes. In the case
of very large incomes, the tempta-
tion of exempt securities Is ire
sistible.
A man with an income of ST.
100000 a year. who pays taxes on
taxable securities yielding "a per
cent, will have no more left than II
he owns a 5% per cent exempt Sc
curity. II he buys a mortgage or
per cent stock. he has left after
paying his taxes only 1 or 2 per
cent. or, II he is in the million
dollar class. he would have to give
up part of his principal.
Can we blame the rich man? He
Is Offered an actual premium to
stop working, worrying and risking
his money, and TO go away and
play" There can be no stigma
upon the man, rich or poor. who
puts his money into exempt secur-
titles. Every dollar of the billions
of exempt securities has been
issued'by the Federal. State or mu-
nicipal governments. and made ex-
empt for the sole purpose of induc-
ing people to purchase them.
1t is of special interest to this
The Washington herald., 1922-01-22
NeID York Holds
Annual Elections

New officers have been elected
by the Utica, westchester and
Troy real estate boards, of New
York. John D. White, former presi.
dent Of the New York State Asso-
citation Of Real Estate Boards, was
elected to serve as president of the
Utica board. Charles A Miller was
named vice president: Herman NJ,
Scheuch, treasurer. and Stanley w.
Jones, secretary. An executive
committee consisting of C. w. Hill,
c. Barton, Wynkoop and Thomas
s. Jackson was appointed.
s. l.. Angel. of Scarsdale, was
chosen to head the Westchester
board. The vice presidents are
Matthew Drummond, New Roch-
ellie; Edwin w. Fiske, Mount YER
non: E. C. Griffin, Larchmont, and
Walter B. Dixon, Tuckahoe. r.
Franklin Hull, Of White Plains,
viii act as secretary. and A. H.
Geedings, Of Briarcliff Manor, az
treasurer.
The Troy real estate board re-
elected all its officers. w. E. Weir
will again serve as president. The
other officers reelected are James
f. Morier, vice president; James
McChesney, treasurer, and Alexan-
der Fairwather, secretary.
The Washington herald., 1922-01-22
FINANCING HOMES
/. IN BALTIMORE IS
BEST, SAYS HURST
System There Allows
Realtors to Sell as Low
AS $500 Cash.

In Baltimore. believe, we hav.
the best reputation for financing
homes of any place in the coun-
try" declares J. ]. Hurst, prominent
broker OF that city.
cit seems to me that we men who
have never taken into consideration
the cost OF financing. that is, large
lost sight of many Of the
elements OF cost OF building. such
as material. labor and many build
ers go on the rocks because of that
question. Take a typical case with
us: We sell a house at $1,000 in
fee. We charge ground rent on
that house. Most people have a Mt
when you mention ground rent or
the payment of rent for ground.
They say, I don't understand II,
and they refuse to try to under
stand It. There is no difference be-
tween ground rent and a bond.
The difference between ground rent
and a bond is that the principal
never becomes due. The ground
rent Is renewable forever. but the
owner of the house-we call IL the
leasehold. has the right to, redeem
that at any time on thirty days
notice after the expiration Of i've
years.
That is the great advantage that
the building and loan associations
have with a first mortgage on the
leasehold: that Is. they cannot be
frozen out That is important We
get on that $1,000 house. $1,000 out
Of the ground rent. $4,000 out of
the building and loan association.
which has first mortgage. and
then we can sell at as low as $500
cash. We do that constantly. Then
we have second mortgage com
panies which are buying our second
MORTGAGES from home buyers.
Therefore. we get. practically. after
a years time. all of our capital
out of Il.
Now. a builder who has to carry
his second mortgages for a period
OF three or four years Will soon
have SO much money tied up that
he will be entirely at the mercy
Of the money sharks. and the man
who is at the mercy of the money
sharks is in a deplorable condi-
tion. The man who cEn keep his
funds liquid and get away from
that danger Is fortunate; and that
is the great trouble. Any of you
can start longtime leases. In Bal
timore we have tied up our build
ing and loan associations with our
real estate board. We have a build
ing and loan section charging a
nominal, small membership fee
We are getting in all of the prin-
cipal associations. We compel them
to be established for three years, 10
have a certain amount OF business
that is assessed and TO pass the
censorship of our board. We pro-
pose to tell our people that we
want them to put their money into
building associations
The Washington herald., 1922-01-22
CAL. REALTORS
COMPEL FOUR
ACENTSTO QUIT
Dishonest Dealers Have
Little Chance Under
States License Act.

Drastic proceedings against real
estate agents who have broken the
California license act are being
taken by the State real estate COM
missioner. Edwin T. Keiser. accord Z
ing TO encouragement by the Cali
fornia Real Estate Association.
Within the past few weeks four
brokers licenses have been revoked
for dishonesty and mdsrepresenta-
tion in real estate matters.
Commissioner Keiser revoked one
Oakland mans license for -delib-
crate dishonesty IN collection OF
rents and for lax business methods
which are a menace 10 the safe
conduct Of the AFFAIRS Of any client
A Los Angeles broker lost HIS
license for acting for more than
one party in a transaction without
knowledge or consent Of ail parties
thereto"
A third license taken away from
the agent was that OF a San Diego
dealer whose methods in a prop
erty deal at San Diego were held
by the commissioner 10 be dishcu-
est. The fourth license revoked
was also that OF a dishonest San
Diego dealer Revocation for dis
honesty in a realty transaction ~
q Berkeley brokers license was up
held by the Superior Court The.
dealer applied TO the California;
State Supreme Court on a question
OF the commissioners Jurisdiction.
and the court upheld the commits
sioner.
The real estate department ~
California" Commissioner Keiser
declared in his statement. grants
every accused dealer a fair and
impartial hearing. and the right 60
be represented by counsel. The
State has authorized the commits
sioner 10 secure justice TO the pub
lie as well as tho broker in real
estate transactions. And this de-
partment Is working along those
lines. The guaranteed California
land law is being enforced 20 the
letter So far as IL Hes In our
power.
The Washington herald., 1922-01-22
Says Realtor Has
Sacred Trust to
Perform in Work

in my judgment the real estate
man has a sacred trust to perform.
He must not be a mere seller of
real estate at the highest prices OBJ
tainable. with neither vision nor
thought of the ultimate use the pur-
chaser intends TO make of the prop
'erty. Rather should he be the man
of broad-gauge vision. working In
friendly cooperation with the other
real estate men for the. permanent
advancement of his community.
Il do not know OF more potent
power for community good and civic
development than the combined
Judgment of the members of a local
oFs State real estate association
Alex Dunbar, N. r. E. ].
The Washington herald., 1922-01-22
Long Beach IqstalIs
Multiple System,

The Long Beach, Cal. realty
board is the first real estate or
ganization in California to install
the multiple listing system. Every
realty listing is now given to all
meml ers of the board.
Tne following division of COM
missions is made Fifty per cent
10 the man who makes the sale, IS
per cent to the man who made the
"rIeihai listing. and per cent to
.ne BOARD committee in charge of
the multiple listing for the main
tenance OF the secretary. and his
office.
The Washington herald., 1922-01-22
7.iNEIa u REKEg3
zEEzs Houses For Sale We
Southeast Bargain-s4,500

On excellent part Of PennsyIvn mia svc-
nue. Is this Groom and tiled hath modern
brick house: has hardwood ncors. porrhes
snd other features.
The Washington herald., 1922-01-22
On Park Road-s7,50O

1900 cash viii take this attractive
red brick house containing g rooms. re-
ception hall and bath on two floors. Also
has sleeping. front and rear porcbes.
laundry, buiit-in Refrigerator. servants
toilet. hot-water heat and electric nFhts.
large closets: In every way a complete
aOme and in excellent condition.
The Washington herald., 1922-01-22
Fontanet Courts Sold.

= e
One of the largest realty sales deals during the
weeks the purchase of Fontanet Courts Fourteenth
Farmont northwest by James L. Karriek from Felix Lake
Among the properties given pat for the Fontane
Courts the Berkshire Sockbdge apartments property
located John Marshall place and c street northwest business
property Eye street northwest Sixth
northwest property at 1882 Wisconsin avenue northwest
located 8Io Twntysixth street northwest and bus
Ninth northwest Ralph Benton broker
the deal estimates deal nearly Sic
The Washington herald., 1922-01-22
Near Union Station
$3.50

$50 cash will take this s-room and
hath house with furnace heat. cellar and
other Interesting features. Inspect Il at
once.
The Washington herald., 1922-01-22
Princeton PIace-Sl0,000

$1,000 cash takes this very interesting
s-room and 2-hath brick house containing
bot-water heat. electricity. front and
rear porches. huiIt-in garage. with heat
and light; finished attic and cold storage
room: moderate monthly payments.
The Washington herald., 1922-01-22
2-Family Flat-s7,500

Near 18th and L sts: weIl-buit brick
building contsining two good apartments:
furnace heat. Renting for SCI 30
month.
The Washington herald., 1922-01-22
Wide Ave-, S. W.-s7,000

Excellent brick house containing l.
rooms on two floors. divided into four
3-room apartments. now renting for
ssss0 a month. $500 cash will handle
this very attractive proposition. 3,
The Washington herald., 1922-01-22
Near Dupont Circle
$4,000

This is a well built thrce-story brick
house containing rooms and . hAtls,
hot-water heat and electric lights; semi
detnched; immediate occupancy.
The Washington herald., 1922-01-22
Otis Place-sl0,5o0

Here is a most desirable semi-detsched
brick house containing s rooms and bath,
furnace, electric lights. sleeping porch.
front aHd rear porches and In very good
condition.
The Washington herald., 1922-01-22
Petworth Section-ss,50 500

BuI brick Groom and hath dwelling.
with sleeping porch. front and rear
porches, hardwood hoors and trimmings.
screened, lsundry. extra toilet. bot-wster
heat. electric light. Food lOt, with room
for garage. s.. .oOo cash.
The Washington herald., 1922-01-22
Close to Lincoln Park
$3.50

Here is weIl-built brick house con-
tanning 10 rooms and bath on two floors.
Located on good corner. In desirable sec
tion; front and rear porches, furnace,
electric lights and other features; terms
IRE attractive.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1922-10-04
HUMAN INTEREST STORIES
BY BRowNLEE Erik
By BRoWNLEE ERIK

that she vas in a hospital in London
and out of money. Probably she
had forgotten about helping him, but
he had not. 81 had the inexpress-
able pleasure of adding to her com
FORT said Mansfield. The bread
she had cast on the water returned
after many days. But there was n
mistake somewhere. She had cast
bread on the water and when she
needed it most, cake was returned,
covered with icing.
Life is like the eehoing hills; it i,
like mirror; it is like the soil Of the
earth. What are you saying to hu.
mainly? What are you doing to the
world? What are you planting =?
Whatever it is. it is coming back to
you some day, or TO your family,
with interest.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1922-10-04

the rock, SCI industroi,sly to work.
After much labor and at the peril
of his life he succeeded in gaining
his point and extracted many gal-
Ions OF wild honey calculated TO have
been stored here many years before.
y visit to this rock was made by the
mountaincer once each succeeding,
year for many years, and this rock
through which the railroad now pass
es has since been known as Bee
Rock.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1922-10-04
Our Own Coin

,ae1ed his farm to his son and his
I.rghter.in-law with the expectation
- being cared for for the balance of
n. DAYS, was being escorted to the
noor louise by his son. He and his
,ire had become n nuisance. On the
INV over, the old man said, "Son, |
.orld like to sit here on this rock
.ri rest and think for little while.
neyer did tell you because was
..bamed of it, but just about fifty
ysars ago led my old father over
nj. same road to the poor house
and he STOPPED TO rest on this very
roek.' The son said, Come on
nav. let's 20 back home"
Have you ever noticed that one
with never contradicts another
truth but that faisehood not only
cop,raiicts truth but contradicts
o,b.r falsehoods; and that some
,re,t truths are universally recog.
nized? For instance, this saying,
aWnb what measure yc mete it shall
hs measured to you again" is alb
.olptely in harmony with the beliefs
of ancient heather philosophers.
They in their imaginations clothed
re,ribution with a spirit and called
her Nemesis whose u"see" hanu
reached out to the ends of the world
and punishcd and rewarded the gull
i ty and the good Tor 'heit uec"s' No'
only mat o"t an i,s'oiS 'ee'''' VIII
facts proving that there Is a re'ripu-
e ton We cannot "''ue's'h"', 'i'S
4 any more than we understands no"
q the earth swings ever around Tue
IS sun, but 1t seems 10 De Il met
:; We actually must pay ior every
s. thing we get ana are paiu lor eY-
N tTyih'ng We no. whether GOOD OF
y evil, and often III own com.
Y Napoleon let mat ms miehty
n poSef was aooYe anu peso"" 'he
q laws oil ne. lie d''or'en Tue oN'y
4 woman VINO ever 'oVe" h'.n ana TOOK
q unto hhls'n younger wiie OF royhi
q blood Up 10 'na' ''me he ''"u Deeh
81 'n''h''D''' nul ai'er may ms srea'
n army N'7 "eicateu ana Prhe.'c"''y
Il AnD'i'laten ny ING cor" "ihu ah'
= SIGNS oil 'Nu9a'"' he o'Rahi@eu "h'
Y Y o'A'f army ana ,ha' was crushed ~
g Na'si'ao' an" N"po'eoh' shorh OF
n as poNe'' was uooh'eu 70 'iNe ana
8 q'g pr'9o"er' "a. iron" ms beloved
" '4''e' ie'er AGAIN TO see ms roya'
NJ NHs o' nus 5oM' W"oih ne ioVeH win
~ aH '' '",'"S',y oi ms INTENSE ia,
W '''' "e 'o''u '".' 10y JUST us wen
sd % 'o'yP'''"' 'oNe" Num- Napoleon
# ',.s''4''' ~ ."s' IN Jaw ol retir
g -'''" "'" 'e,Vi''' ~ tne MISTAKE
lal '', u'''i'''h nus i"''i'iu'
M ''s q H'epP'"s INTO an abyss GOV
81 nv y" ''"eiS'
s 80 n" W 'V'''o'tio''' we Know
Nj '"ptu'e anu PUNISH
IS 'I'' 'eM"'n '"c GOOD nut IL
s ""' u'e uhpu'i'sheu OF
g. ,,' ', ~; I" N"' 'S'' our c"'''ren
N"Y po'''r WIN teii you that
49,, M ,'''' p''"' oees"rS
.,,s 'h '''' pr'ee ior " pa,
l,,"l N"' Tue great ana
~, , XII" W .,''a generation are ~
s$al. f..bnn '"t e""' % Hou-
Iss Tbar. ''''''e's. or pom
S,.n,is,, '"'," o'''e'''' !" 'he pen
sss & mi, H. :" "e''''c 'hici pc
voa,l ' was NOT honest
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1922-10-04

""u WIZ on apanuonlnE his mount
heard n Yankee shout, There's an.
other damned Rcb in hell"
The attack was never renewed and
the Federalists held the position
without further resistance until the
end came at Appamattox in 1865.
Pieces of broken artillery was found
recently near the old battle ground
where traces of the old fort can still
be plainly seen. The Southern rail.
road leading out from Knoxville in
tersects with the L. & n. here and
while these roads We're under way
of construction, the little town of
Cumberland Gap sprang up like
mushroom in the night, but for some
reason, little later. the cntcrprising
spirit OF the sleepy little town was
smothered out by a mighty financial
blight that reduced the village to its
forlorn condition.
One day n few years ago huge
rock weighing more than n hundred
tons, gave way near the top of the
mountain and came tumbling down
the steep incline sweeping every
thing before it in its deceit, and
landed in the little town with a
mighty crash that startled the in
habitants out of their wits. The
villagers thought that the mountains
were about to fall upon them and II
panic was barely avertcd.
On leaving this point we follow
the l.. a. N. in its course through
Powells Valley for a distance of six
ty miles to Big Stone Gap, where
We shall again pause to look at the
natural scenery about us where ma.
ture in all her primeva majesty is
so amply displayed. The Gap is II
deep gorge or cleft where the South
through the mountain, and is the on
from the fertile farming and graz
uonoss sun Ioy lonuo lnIn,ru 81
Fork of Powell's River breaks
ing lands on the south TO the produc-
tive coal fields on the north.
1t is u wild rugged mountain pass.
narrow, rocky with oyerhanginr
cliffs jutting out 10 waters edge, ana
sports luNurant growth of pines,
hemloeks. ivy and rhododendrons.
Ferns and MOSES are seen the year
round here and from early spring to
late autumn the air is sweet will,
the fragrance of wild flowers that
blush and bloom galore through the
Gap. a panorama of wild, grand
mountain scenery, uneXcclled any
where in this country, and already
made famous by the genius OF John
Fox, Ir., in many OF his thrilling mar
rativcs of the mountains, is opened
to us here. And in recent years many
tourists have pitched their tents an
der the purple rim of the Cumbcr-
lands and tarried near the pulsing
heart of the mountains to see It's
rugged grandeur and nhale its ~
hilcrating freshness.
Bee-Roek Tunnel
Resides the broad stone pike two
railroads have burrowcd their way
through this pass over which the hid
den products of the hills is conveyed
to the markets Of the world. Like n
huge snake, the l.. & n. winds its
way along the eastern flank of the
mountain, and in its course through
the Gap, the iron horse forces its
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1922-10-04
Gives Up Honey

This mountain too. differs from
the adjoining mountains. in its for
nation. The rocks and streaks OF
coal are setting edgewise as if
thrown or heaved up from some
strange cause and the prevailing
idea of geologists is, that i'll time,
this mountain has been thrown up
from some unnatural Phenomenon.
Few people live in the jungles of this
mountain because of its ruggedness
and unproductive soil, but in time
game abounded here and the early
settlers of this region did little else
but hunt and trap. 1t was during
these days that some early settler
living near he Gap, discovered col
only of bees living in the cavity Of n
cliff high above the ground, and de-
termined to explore the interior of
The Washington herald., 1922-01-02
PERSONAL.
RtBORITF
rLUSHES. HIGH BLOOD PRESSURE ANp

RTBORITT
FLT SHES. HIGH BLOOD PRESSURE ANp
GAMER
RIBoRITE. tlic venom q ihe s~Ff,auf 9
more snectuAl in any ca~e - -ansrr tLas
all the radium. other palliative. gu csrTr
RI RoRITE docs not promise 10 cure canrsr
but II does remove from tho vrnpus hlapH
tho knoNn element that fe~ds and sustain.
cancer. in proportion ss RUBORITE stead
lily and IN small quantities eut~rs tho ~
ton. lt has tnken twenty year % rultu-r
and prove RUBOMTE. Try 81 heforr 90
after operating. For sslr 81 tho DOEMAN
PHARMACY, 1907 n 81. washinr'on. O.
&. Mailed To any address on receipt ~ 3.
Money order. q. Y. norman.
EUBoRITE. YOUR ONLY SAFETY. MIN.
bers NNI. :. All Druggists. us
WORkINGMEN. ONE CANNOT HEI.p
hut h. impressed by tho quirk VS. fr
which hustlerS look Us up and find tIi.
pOrch-frOnt store wherr new pants arr soid
low s. tu s.. See tho corduroy at 50 e.
Sweaters 81. SliEhtly-used 0verr0sts - ur
Isdies' store. GIG y.
ITSTIIS OLD STAND. 6la n. 81
The Washington herald., 1922-01-02
FINANCIAL.

MONEY FOR cD 1RUsT LOANS o. e
property. G. b. LIKENs. lS44 q % 90
Main 5OST lISs
FIRST TRUST REAL ESTATE NOTES ~
secured On modern re-idsnres IN tho Dl~
trict Of Columbia. drnominatians 500 Hai
upward. LOUIS p. SHOEMAKER lfO- y
Y. ave. NV. c~tablisbed 1876. MSin iigs
FIRE. AUTOMOBILE. PLATE GLASS. Bur.
EIary Insurance. LOUIS r. SHOEMAKER
1907 y. 7. ave. ~. Main ilG6 IEqa.-s
80 Mr. rnot