Evening star., 1924-06-06
EXTEND D. C. PARKS
SOON, REALTORS ASK
Early Purchase of New Tracts Es.
sential to Beauty of City,
Convention Resolves.
MANY NEW LAWS SOUGHT
Tax Revision Asked-Officer In
stalled-Meeting Ends.

Washington, tie Capital City, has
gained for itself a strong place in
the hearts and mind of the realtors,
the influential property dealers of
the country, who are attending the
seventeenth annual convention of the
National Association of Real Estate
Boards, which has been in session
here for four days, and which ended
with a business meeting at Keiths
today.
This organization, represented by
men of influence in the country, after
having been shown the National Cap
having experienced difficulties of hav-
ing problems settled in Congress, to-
day adopted resolutions favoring leg
islation by Congress providing for
the best scientific enlargement of the
plan for the City of Washington and
the extension of it's parks"
Delegates had heard in speeches in
the convention how lack of fore
sight in development had cost cities
millions of dollars, and many of them
saw that unless Congress promptly
provides a scientific plan for develop
ment for the National Capital, and
allows the city to develop unguided
because of failure to act, at some
later date it will cost Washington
and the people of the country mill
lions to attempt to beautify their
city.
Washington Public Thanked.
SO strongly has Washington and its
needs, and how it must depend on
the congressman sent here by the
realtors and their fellow citizens in
their home districts for aid, been
pointed out by members of the Wash
ington Real Estate Board that there
is u feeling that its effect will be felt
as soon as the realtors get back home
and begin pushing for aid for the
Capital City.
The resolution on Washington said
that the National Association "favors
legislation by Congress providing for
the best scientific enlargement of the
plan for the city of Washington and
the extension of its parks, so as to
preserve the natural scenery and al
low for future development Of the
city in way that will maintain and
enhance it's beauty, and it urges the
early passage of said legislation lest
the present rapid growth of the city,
in the absence of such a plan, makes
it's later adoption impractical or i'm
possible"
The convention, in another resolu-
ton, expressed to the Washington
real estate board, to the press and
the people of Washington it's appre-
citation and gratitude for the hospi-
tality shown to those who have at
tended the convention.
Tax-Exempt Securities Hit.
Another resolution extended the
Coolidge for his reception. one reso-
luton reiterated the adherence of
the association to national tax reduc-
ton along the lines of the Mellon
plan and expressed it as the sense of
the association that the nation should
lead on with real tax reduction pro-
gram as an example to all states and
municipalities -
another resolution expressed disap-
pointment at the failure of Congress-
70 pass the resolution necessary to
submit to the states the question of
ending the practice of issuinp ta1
exempt securities, 1.-The continuance of
winch Will undermine our properitv -
II SAID that the association stands
hrmly on the principle that no classes
empted. NC CA
In income tax legislation, canitaI
gains and losses should be eliminated
SAID another resolution, because sIcb
gains In the true sense are not income
and because in practice the allowance
Of the deduction of capital losses hss
resulted in a loss of tax revenue If
should have received.
Omcers Elected.
Other resolutions adopted included:
urging Improvement of railroad prop
erty through cities; commending its
educational committee and urging con-
stituent members to obtain the in
stallation in educational institutions
of courses in realty; recommending
that constituent boards use the
utmost vigilance in maintaining and
enforcing the associations code of
ethics; urging the value of using the
term ''realtor" and taking steps to
acquaint the public with the mean
ing of the term; vote OF thanks to
those who have delivered papers and
addresses at the convention; noting
the pleasure and pride in the grow
ing power and influence of state and
provincial associations, and congratu-
lating the Canadian boards upon their
active and helpful part in the asso-
ciation's work and assuring them
that all Of the realtors in the United
States OF America sincerely appreciate
lConIspuea on Page 4. Column 81