Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1922-01-21
Short Talks Heard
By Realtors Board
In Weekly Meeting

In Weekly Meeting
Amarillo realtors Ia their weekly
luncheon meeting In the Amarillo
Hotel Friday noon after tuusac'ing
their regular routine business heard
several short talks The program was
under the management OF John Cfudr
ington and JOY Harris. and the first
speaker introduced. after the meeting
was turned over 10 the gentlemen
named hy President John y Gilyu
was l.. A Wells. Mr. Wells made tn
statement that he came into the real
estate game after having given . good
Is portion OF his life 10 other lines Of
business and therefore had missed
many OF the experiences common o.
those who have spent their lives In
this profession.
Essentials ~ Success
Three essentials were pointed ont az
r'cessaiy for successful realtor;
snicsnHnship. knowledge ~ values and
strict honesty
IN the opinion of the speaker only
dependable methods with honesty OF
service and true values viii bring - a
ronlior lasting and stable business
with clientele thar is devoted and IN.
during Mr. Wells said that Amarillo
II destined TO make great city, but
that u VIII h. ncccssary Tor the real
tors In spirit Of loyalty 10 ehe city.
o. Themselves and ultimately 10 their
clients 10 see that values are not un.
duly Inflated and that dependable
methods ana fair dealings be- practiCed
scrupulously
The proposed railroad 10 tho north
was one OF the imperative necessities
mentioned by Mr.. Wells for Amarillo.
He expressed the belief that road
will be- built out from Fort Worth
through the South Plains country.
touching at either Plainview or I.ub.
book and that Amarillo must not b.
asleep with reference 10 the impor.
lance Of increased transportation
~ conclusion. Mr. Wells said "OnR
four square realtors will win. Crooked
practices have claimed their victims by
Tho hundreds Of thousands. and the law
OF compensations in kind has not been
/ revoked"
Great Boom Predicted.
IL. a. Barnum was introduced and
asked 10 speak on "OH Field Evporl.
ences Mr. Rarnum In the outset on.
i dorScd the statements ~ Mr.. Wells as
10 honesty and fair dealings. and gave
his own experiences in The real estate
business In British Columbia
1T is not correct 20 say N we ever
get oil IN this territory Tor we have
il already Tho fell b. me higees, in
America and We believe that ID viii
prove 20 be the greatest bon the world
in this connection would direct at.
ientlon TO the followi0p facts No we'll
has been drilled on The structure with
out striking gas. No well has been
drilled on the structure below the gas
without striking oil
1t is estimated and ! believe con
seryatiVely, that the drilling of This
, field will require thirty years. and this
4 means boom Tor Amarillo covering
THIS entire time But am not real
. tor Tor ] have talked thought and lived
| nut oil, ever since coming 10 ANA
| riilo' eNud, oil the very thought of
I 81 is with me always. You are in.
| clined to ask me when We will have
| this development and ! will say TO YOU
| that az the closest estimate II will be-
| trom Few hours 90 few months
| bui' 1t IS here and that too. In i'm.
mcnse quantities"
He said that Amarillo will make a
town IN spite OF herself. and that fac.
| tories viii press In FOR the sake OF tho
| heap fuel that Is here In such album
| dance. According To Mr. Barnum IA.
| present developed gas flow Is zoo 600
| 200 cubic feet daily. and out of this
| Amarillo Is using about 100 900 OOO
, cubic feet per month. II was given as
the conviction OF the speaker that If
no OIL should be- developed here IA,
, immense gas flow will make OF this a
great city for manufacturing enter.
prises already have their plans fc,.n.
ING TO locate here. Some ~ the pre,,
manufacturers who have been hero
said Mr. Barnum. estimate tho 40,
OF this field at thirty years while tho
average life OF a field Is five venrs %
We also said that the gas in this fold
nigh In heat units and will incre,s.
with u.s.
Iglsr Values Dangerous.
Tho last s'"aker on the program ,,,s
Zoe pone. who spoke OF the upd,,ly
inflated Wlucs Of Iowa Illinois In
diana and other great farming hods
Vie told Of recent conversation win
man who is thoroughly in touch with
y conditions in those states n was 10
! clared that prices are 80 high i'm ths
territory mentioned that interest and
other overhead cannot possibly n,
earned on the land The result h spt
tering' losses and discouragemcnt 70,
All attempting To farm the lands In ,hs
areas named. II was given as IN.
opinion OF some who are posted on mr.,
vailing conditions. that the lima.
priced from $500 70 81 O0o per acre vii
have 10 DE turned hack FOR def,,re.l
payments TO satisfy mortgages thu.
tntailing enormous losses "a tho p,or,',
These statements were given with an
expression Of the hope that the rc,l,o,.
may not allow themselves to h. swcn,
OF their feet ny the oil boom. and sci
land ~ such prices that IL will becorn.
liability % the purchaser and nor =,
asset.
II Mcssrs odom and Durham wer-