Evening star., 1932-06-18
REALTY GATHERING
WILL HEAR DAVIS
Senator, Friend of Home
Loan Banks Bill, on Cin-
cinnati Program.

James j. Davis, Senator from Penn
sylvania and former Secretary OF La
Dor. who champions the proposed Fed
eral system of home loan banks, pro-
vided by the bill now before Congress,
will address the National Association
of Real Estate Boards when 1t meets
in Cincinnati June 29-July l for its
twenty-fifth annual convention. He
will take the mortgage bank bill as
his topic.
Senator Davis address is scheduled
for Friday morning, July !, the clos
ing general session of the convention.
Leonard P. Reaume, past president
Of the association. will talk at the
general session June 80 on THE Real
Estate Business of the Future" George
D. Robertson, Beverly Hills. member
of the associations Executive Commit.
tee. will analyze THE Job Ahead"
His talk is scheduled for the July l
general session. Mr.. Robertson is a
past vice president of the National As
sociation and past president Of the
Los Angeles Realty Board.
Present Realty Problems
A communication from Harland H.
Allen. Chicago economist. says: Every
passing day adds something to my
conviction that the present problems
closely with the problems Of business
welfare in general than they have ever
been before. I think it is true that.
with a few exceptions. real estate is
making more progress toward working
out its salvation than are the other
industries. In that sense it is leading
the way to recovery.
In brief business recovery waits
upon these four accomplishments. Tax
modernization, readluStment of costs
tand pHces>. reduction Of debt bur
den, completion of reorganization and
deflation.
I'm no quarter has such conspicuous
progress been made by real estate as
and debt burden. A study Of re-
organized properties and those in
process Of reorganization shows that
the percentage decrease in fixed capi-
tai cost has been. so generous in the
ma jority of reorganizations that they,
in particular. will be able to set the
pace in making adjustment to new
conditions and in facilitating recovery"
Reviewing 1929 crop of rackets in
the real estate field is one of the mat
ters which will bring together in Gin
cinnati next week State officials in
charge of the administration Of real
estate license laws. now in force in
81 States and Canadian provinces.
License Law officials.
The National Association of License
Law Officials in accordance with its
custom, will hold its own annual meet
ing in connection with the annual
convention in Cincinnati of the Ma
tional Association of Real Estate
Boards. The license commissioners
will hold their sessions all day June %.
Restitution to injured parties, as
brought about by action Of the State
License Boards in conjunction with
fraud or business misconduct. Will be
discussed at the opening session. A. c.
| MacNulty chief of the division of
| licenses, New York, will open this
subject.
Judicial decisions affecting real es-
! tate license legislation will be reviewed
! by Joseph p Smith, California State
real estate commissioner. j. w. Jacoby.
chairman of the Ohio Board of Real
Estate Examiners. and Theresa F.
Wrenn, secretary Of the North Caro-
lima Real Estate Commission. will lead
discussion.
John N. Harkins of the New Jersey
! commission will analyZe the technique
| used in that State in investigation OF
complaints.
A. D. Fraser, Cleveland, will address
the mortgage and finance division Of
the National Association Of Real Es-
tate Boards at its coming annual con-
vention on small loan mortgage poll
cies
A. G. Jennings Evanston. Ill. will
be a speaker on the property manage
ment division program. He will talk
on property management divisions in
local real estate boards. Louis Weber.
Lansing. Mich. executive secretary Of
the Michigan Real Estate Association.
will lead a discussion in the States
, Council Of the association on indi-
yidual memberships in State real es-
tate associations and in the national
association.