THE MICHIGAN DAILY PAGE SEVE
ROO . R
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SHO
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MEET TO DICS
M ETOIHOME OWNERSHIP
SEMBLY TO rEAR COLIDGE
AND T011ER STATE,
OFFIIALS
000 DELEGATES WILL
ATHER IN WASHINGTON
ceptions and Tours to Feature
Seventeenth Annual
Conference
Campaign Against Billboards
To Preserve Scenic Beauties
Announcement by the Standard Oil more than half a million signs from
company' recently that all of its bill- Minnesota highways in carrying out a
board advertising throughout Cali- t campaign which was fostered by
fornia would be eliminated where such newspapers, railroads, women's or-
advertising disfigured notable scenic ganizations, and civic bodies. The
routes is an instance of the awakening uresent Minnesota law provides for a
of advertisers to the fact that it is 6 foot right, of way unmarred by
possible to create resentment rather signs.
than good will by billboarding where The view from the highway does
such a practice is disfigurement. not belong alone to the individual who
The Kelly-Springfield Tire company owns the property along the right of
andthe Washburn-Crosby Flour Mill- way. It is a community possession.
ing company hbave signified a willing-i The whole movement to conserve the
ness to join in a movement to keep
disfiguring signs off scenic spots.
The state highway department of
Minnesota is reported to have removed
values of scenic spots and scenic high-
ways is one in which all realtors have
an interest.-National Real Estate
Journal.
Eight separate national conventions
in one; an address by the president
of the United States; other addresses
by a cabinet officer, educators, econo-
mists, agriculturists, and leaders in
various phases of business activity
with emphasis on real estate; recep-
tions and dinners, side trips and auto
tours, a ball, and a visit to the White
House are included in plans for the
seventeenth aanual convention of the
National Association of 1eal ,Estate
Boards. This convention will be held
June 3-6 in Washington, and 4,000
realtors from over the entire country
are expected to attend.
This m~eeting, which Is one of the
most important business gatherings of
the year, will deal with the increas-
ing of nation-wide home ownership,
the responsibility of modern city build-
ers, foresighted direction of city
growth, industrial development in the
nation, and the ways and means by
which investment resources of the
American people can be utilized to
bring about the best results.
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~CITE10BENEFITS OFSPECIALISTS SEEK.
TENANT UOWNERSHIP GOOD LOAN SYSTEM
Editorial In Real Estate Trade Finance Group of National Body
Journal Discusses f To Discuss Means
Question In Washington
HOME OWNING WOULD ASSIST DESIRE TO INCREASE HOME
DEVELOPMENT OF COUNTRY: OWNERSHIP BY MONEY AID
Following the recent "Better Homes Ways and means of making avail-
Week," -many arguments have been able the loan of money through which,
produced regarding the results of iin- home ownership in America may be
ant-owned residences. The following made as nearly universal as possible
Special Meetings
The daily meetings- of the conven-
in will be divided into morning meet-
gs of the full delegate body, and af-
rnoon meetings among the special-
d bodies. The latter include the
okers' division, the Mortgage and
inance division and its Cooperative
'artment section, Home Builders' and
ibdividers division, Property Man-
emert division, Farm Lands division,
dustrial Property division, and the
altor secretary ,division, Each of
ese is a distinct national organi-
tioin and treats of a distinct phase
real estate activity.
Presiden Coolidge will address the
legates Thursday noon, June 5, at
e White House, and-Henry C Wal-
ce, secretary of agriculture, will
eak on "The Future of American
riculture." H. R. 1Ennis, president
the National Association, will de-
er the opening address. John H.
nley, associate editor of the 'New
rk limes, will also speak before the
iening session on "Homne Ownership
d What the Realtor Can Do To In-
ease It."
is an editorial excerpted from the will be the first subject discussed when
"National Real Estate Journal" in con- the real estate mortgage and finance
I nect'ion with the movement: specialists, members of the National
"Home ownership and love of home Association, convene at the national
are far-reaching politically and eco- assembly in June. Modern methods
nomically. Less than half of the Amer- of financing the building of business
ican families own the roof which shel- structures will also be considered.
ters them. Every American family Protection of the investing public
has high 'ideals in the matter of hav- through state licensing of mortgage
ing a comfortable, attractive, modern houses; new methods being developed
home, and while many are apparently by banks and other investment insti-
content with renting, there is no ques- tutions in the handling of first mort-
tion but what the big majority would 1gages; and the practicability of ini-
like to have a home of their own. tiation on the part of realtors to eli-
"A large percentage of homes-minate issuance of real estate bonds
owned rather than-rented-would have by irresponsible companies are otheri
a very pronounced effect in America's subjects slated to receive the atten-
political and social development. Costs tion of this group.
tand financing are the big obstacles to Consideration will also be given toE
a pan of moderate means who would the financing, selling, aid operation
own his own home. Costs, inordinate of co-operative apartment buildings
tprofits, and excessive taxes must be and the results of a two year national
refueds. With suitjable reductions, survey to determine as far as possible
better hots and home ownership the comparative safety and investment
twill be in assured reality rather than i returns of mortgage securities as com-
wia handsome theory. The organized pared with stocls and bonds.
realty interests of America have a pe-
culiar responsibility and the oppor-
tunity here to do some real service a BRIILS WII.K
to American citizenship." h
nrll Tnn PTRTC IIIFOr TAX LMITATION
SAnn Arbor Men WIT TTHE REALTOR DOES
To Visit M eet Whattie realty ealers of-thAF R
Innation, allied under the National
In W jD ashingionIj Assocain of RelEsat
Boards, are doing for the public
Busines AdminirSeveraldelegates are expected to investors:
EilTetLadBsns represent Ann Arbor at the National) They are instituting state,Ii- Wl ra adI
As Profession Associationof Real Estate boards con- cense laws to insure legitimate
!eference in Washington this June. al- dealing.
iNT T1 O E Ethough no definite announcement has They are securing the best pos- VETERAN CITY DEALER TELLS
INS1tRTION N XT ('OTxEA been made. sible land development in Amer- jiOF CHANGES IN LAND
WITHIN NEXT TWO YE ARS Michigan will be well represented, ica. VALUES
for besides other large cities through: They are making easier home .
Real estate treated as a profession out the state, more than 150 Detroit ownership to each citizen. ' DEVELOPMENT DUE TO
instead of as a mere selling proposi- realtors have signed for reservations ! They look ahead to city expan-
tion will be the slogan of that branch oton a special train to the capital for sion, for the interest of the com- REALTOR'S FORESIGHT
of the new School of Business Admi- the conference. munitynity.
istration, according to Prof., Edmund President Coolidge will address the They plan the best adaptation . Town Noted Over Country For Beauty
E. Day, head of the economics depart- delegates during the convention, as of property by virtue of exper- And Desirable Honies
ment and dean of the new school. will H. W. Wallace, secretary of agri- ience. Locations
The school will offer a course in culture, and other noted speakers. Re-;j 'They are working for reduced
realty management in the second year. ceptions and balls, with an afternoon taxes. "It has been my privilege to observe
This course will include courses in 11- tea social hour especially for the They help to build better the various phases of the growth of
nance, property management, selling, ladies, are on the program. 3 homes.
and all of the deeper problems con-' They lend financial assistance our city during tne past 25 years and
nected with the real estate business. to builders. to witness some most remarkable ad-
Will Treat LawIvances in both prices and character
Problems arising from changes in of development during that period,"
land values, and the forecasting there- lcla "n
of will form a large part of the course. 11andord Sette says L. D. Carr, local agen, 'An
The underlying problems of valuations F Arbor. has grown from an ordin-
and appraisals will also find their IIIIP I For Underneating ary village with some natural beauties
place in the curriculum, as will sev- I and a thrivin universit to "a cit
eral other related courses. ! Heavy Protection In Walls 'and Roof Landlords who attempt to conserve whose fame as a place of unusual res-
There will be a combination of Avoids Chill From the fuel supply during cold weather idential advantages has spread
courses on the legal side of this new Draughts i received a costly warning in a recent throughout the country, attracting
profession. Among th'em will be one case in Chicago. The widow of an many people to its friendly environs,
semesterploftrealsestateielaw, andionesof
semester of real estate law, and one of POOR HOUSE CONSTRUCTION apartment tenant who died of pneu- a It has kept pace with the University
S yhelawn sregardseto transfers and WASTES FUEL IN HEATING monia contracted in a cold flat was and furnishes an appropriate setting
conveyances. These courses will be a awarded damages amounting to $10,-! for such an institution.
offered in addition to those more gen- a Insulation of a home against cold 000, the maximum allowed by law, s 'r msiuian.
eral law courses which will be offered ;"and draughts will aid immensely in Careiinnflanepifig
Witnsse fo th plantif tstiied "The fine development of Annr Arbor'
during the first semester. j making suresof comfort, and the Na- that during March and February, 1920, is not an accident, but the result of
Am h Courses tional Real Estate Journal, in a re- the temperature in the flat was fre- foresight upon the part of certain in-
Among the courses that will be of- cent issue contains the following ar- quently near the freezing point, de- dividuals and groups of individuals
fered during the first year in the new ryg
tile on this subject:.! spite complaints. The janitor stated who have shaped the subdivision pol-
school which should prove valuable "One of the biggest helps good ar- that he ldft his situation there be- cies of the city. One tract between
in city planning, typesofe irethose chitectural service gives a home build- cause there was little coal and no Baldwin and Martin was plotted as
inrciylanin, ts of buildings, ier is freedom from draughty rooms; pay forthcoining, and physicians testi- 40-foot lots and partly sold out. .The
depreciation, costs of construction,'rooms where one sits on a chilly Sun- fied that underheating could have been man who did it saw his mistake,
public utilities, and taxation. These day morning with one's feet next the the cause for the tenant's death. bought up those lots, and sold them
of managerial and. accounting coursesradiator, while the draught The jury deliberated only one hour again as 80-foot building sites. Olivia
of mangeia and seems to rustle the morning news in and a half. Lawyers are agreed that B. Hall's second subdivision, original-
Students entering the school nextone's hands and sends unpleasant shiv- the results of this case will establish ly platted as 66-foot lots, were mostly
year need not express any preference sup and down the spine. aprecedent for similar action in the re-subdivided into 80 to 90-foot plots,
as to the particular branch of busi- Most everyone can remember at future. making a fine residential district. The
ness administration in which they least one house of this type. They development of the territory to the
wish to specialize but itis advis are still built; hundreds of them every east of the city is coming in line with
wh to se t t is advise year. The ornate 'gingerbread' effects a l fi OFFIE[ [FFRS study given this section years ago.
that will be most beneftial to imni TOUgerused.The"Before the World War the ownrs
tiduringIis first year. big chilly hall ways have gone, but of over 600 acres came together to
durin hs rst selected to the draughts remain. Houses poorly d4scuss plans for further develop-
-No one has as yet been seete 'odesigned aejNAasucofrtbein
head this particular branch of the burgnI are just as uncomfortable and ,ments, and came to certain agree-
new school and it is not likely that as much coal today as did .their ments. Thus far every owner has
anyone will be appointed until next counterparts of 20 years ago. They Mabel A. Tolford, one of the fore- strictly aderd to the principles tlere
winter. This is possible becau the are still wastrels of America, and they most lady real estate operators in agreed upon: all lots are restricted;
real estate epartment will not begin cost us hundreds of carloads of coal A n Arbor and vicinity, expects that there are no small lots; and for tb'e
to function until the second year of as well as many mornings of dis- a the development and growth of Ann 'most part landscape architects have
the school. At present Professor Day comfort every year. , Arbor, Ypsilanti, and the surround- been employed so as to take advantage
is looking for a man who has had the "The most common causes of ing country will be tremendous in of the lay of the land for fayorable
proper academic training to be able draughty and' cold houses are unin- the next few years. building sites. It now appears certain
to h-andle all of the fundamental prob- sulated walls, no caulking around win- Ann Arbor is destined to become that all that territory between the
lems of the business in addition to the dow frames, lack of beam fills at a city of 40,000 by 1930, according Huron.River and Washtenaw Avenue
more specialized ones. the foundation line, incorrectly placed to Miss Tolford, and the building Road will develope into a beautiful
It will be the aim of the new school radiators, and uninsulated roofs. program. of the University will pro- residential section.
to secure as many real estate operat- "Insulation of walls and roofs means vide facilities for. 20.,000 students.. Big Increases
ors to give lectures as possible. Sev-- placing some heavy insulation be- Moreover, one has but to spend a few "As examples of the steady upward
eral prominent real estate men in the tween or on the studding on all out- hours in the surrounding hills to trend in prices on Ann Arbor real es-
vicinity have already expressed a de- side walls and across the ceiling joists. realize that this city offers beautiful ,tate during the last 2' years, let me
sire to talk to classes in this course. aThis insulation contains thousands of surroundings not to be obtained else- remind some of the "old timers" of
---_ of tiny air holes which make a bar- where. the time when .$10,000 to $12,000 'ere
rier to the passage of heat or cold One of the most beautiful subdi- asked for the better 22-foot store
through walls and roof." visions now open is the Washtenaw buildings on Main Street (then un-
Club View, bordering the Washtenaw paved) and we thought the owners
Country club.. This subdivision is were asking altogether too much.
B1L 'IS19Thighly improved, having concrete Those properties have paid regularly
walks, graveled streets, shade trees, on the investment besides increasing
-IOboulevard lighting system, fire hy- in value by several fold. Lots 56x132
Passing a competency test will be I jM N flfl drants, and transportation to Ann Ar- on Church street south of Hill "went
required for membership in the Michi- bor and Detroit. These improvements a-begging" at $650 to $800 until Dr.
gan Real Estate associaton accordng Louis C Andrews, 512 First Nat'l are now being installed-there will be Schurtz and one or two others wildly
to a plan now being considered by the 'Bank B ld 3064 no waiting, says Miss Tolford. bought and built as far as half a
association. The membership com- a ATnrome Builders Association, he Tolford office as just taken Hock beyond the car line. The last
mittee of the association, at the in- 408 First Nat'l Bank Bldg. 3385 i over the sales of the shtenaw Club sale in that section of a vacant lot
struction of its executive board, is now 0Charles L. Brooks, 215 First Nat'l View subdivision, of which 100 lots was at $4,500 and it would bring $500
drawing up a set of tentative ques- Bank Bldg. 315 have already been sold to prominent' more today.
tions suitable for such a test Ann Arbor, Ypsilanti, and Detroit peo- "The six acre tract on the south side
Movem-nt throughout the national 1- m 1pie. Financial arrangements have o , Hill Street east of Oxford was of-
association to establish standrd:s for G.E.&L. A. Cornell, 301 First Nat'l ( been made for those who desire to fe'ed 25 years ago at $3,600 and no-
admission to the practice of real estate, Bank Bldg. 3227 build. This property is carefully re- body thought that it was wrth the
now recognized as entailing responsi- J. W. Dwyer, 508 First Nat'l Bank stricted, and is located where no oh- price. Now the cheapest lot in that
'bilities to the community comparable Bldg. 1048 noxious surroundings can encroach tract is held at $6,000 for only one
to those of professions such as that; Charles E. Gallup, 206 First Nat'l upon the property. third of an acre. Eighteen years ago
of the engineer or architect, had z n a man paid $3,000 for about sevn
BUff BLld~ 8OU a pi 300 o botsOe
brought with it a movement to malse A. L. Gorton, 3 Wuerth Arcade. 2438 acres including the grove on Fair
definite, by some entrance qualifca- Mrs. Ada Gustine, 716 First Nat'l Bank lu T TSILIYI Oaks and in two or three years began
tion, the standard of real estate boards I d 3F Qru to build him a home in the woods.
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f~ClULlIUI ItCJ iH
i eRHODA Nrrnq
Features Planned fiIIUUII IILLUU
Vlany men, prominent in their in-"
'idual fields, will speak before the "While there is a diversi
nvention. Practically every subject ion as to whether or not
aling with real estate activities will should invite industry, t
nUIinrEAction against increased taxation
was approved in a resolution that re-
cently came before the Michigan Real
E.state Association . The resolution
ty of opin-
Ann Arbor as proposed by G. M. Porter, of Mus-
here is a kegonf and supported by W. H. Kin-
dis
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cussed, and more than 200 speak- unanimous opinion in favor of we0- y, p ,e
ill lead the division discussions. coming newcomers to establish their unanimous approval of the executive
g these will be M. L. Corey, of homes among us," says H. L. Thorn- committee.
deral Farm Loan Board, William ton, manager of the Property Service The proposal reads as follows:
rmnon, leader in New York su- company. "Additional population "Continued study makes more cer-
n development; E. A. MacDou-. stimulates business, makes possible Lain our conclusion of .two years ago'
builder of more than 100 solid more extensive public improvements, that no satisfactory relief from the
locks of apartments under the I increases property values, and benefits lresent disproportionate burden of
rative tenant ownership system; ;the community in many ways. taxation borne by real estate will come-
Howard, former president of the "But larger numbers require more j until there has been placed a consti-
ican Farm Bureau Federation, and better housing facilities which tutional limitation upon the amount
thers. should be acquired without unduly that may be levied against real and
cial features will include an ad- increasing property prices. For some personal property for state purposes.
ing exhibit, a special advertising time the cry has been that local realty The need for relief is unquestioned.
t, a "home town" speech con- has been high beyond reason, that the "Be it resolved, therefore, that we
a luncheon meeting of state as- prices have discouraged home seek- st
ion officers, and a meeting of the ers here; and tmhat something should itt andcmembers of the legislative
istration officers of the real be done to reduce prices to normal to mittee of the leglate
licese awsnow pertiv inrestore the natural flow of population. committee of the Michigan Real Estate
license laws now operative in <etr< h ntr fowo ouai association to work vigorously for the t
tes. "Chief among the items which af- assato o ork visoly forte
~ipletefeet Ann Arbor are th'e unusual ad-; passage of a joint resolution contenm-
mplete preparlations have been aev n natral and aq'ed, whi plating such tax limitation before the
to insure the entertainment of vantages, natural and acquired, which .1925 session of the state
.this city offers to those who Ive here.
aes avToutung t e meetng. an "nd b ' 1 ed furthLibartB.g.4- -
oon tea will be held Tuesday People will always pay for the'extra- And be it resolved further, a - for admission to their own member- Hr & O, EyHis friends
oon, June 3, at thelWardman ordinary, and are glad to do .. wecall upon member boards and in- ship. H F. Roy o s 113 -INC.AEhis friey,
"oo, June 3, atctepa r - "There is no exception in the matter throughouth state The Madison, Wisconsin, board is 1253-Wtheto
hotel, wth an accompanying a1rematr-ivdulebes1heMdion-barWt tirna zy
of homes. Such a situation makes an to assist in a campaign for the success the first organization within the Na- i J. Karl Malcolm, 602 E. Liberty. But it did.
Trips jor Delegates exceptionally large demand coupled of this legistion. tional association to requiruappli- Cooperative ownership of apart-
with a relatively small supply. There cants for admission to pass an en- Pe & B s 506 First Nat'l ments continues to spread, particu- I "And it co
shlngton members of the associa- is but one solution to the problem.I trance examination to demonstrate Bank Bldg. 3091 larly in the east. The cause is the farther and
ave placed their cars at the dis- That is, build more houses and con-' NATIUN S AIF9IT IEprofessional competency.- Potter Allshouse & R chards 601 slow progress of relief in the hous- steadily yea
of the at-of-town delegates, tinue to build the type t at are dis-ISPtt- First Nat'l Bank Bldg. 2072 1 ping problem in crowded districts. not understa
nteresting tours about the city tinctive. Prospective builders should CHIEL IVE191,n rg A itrNRinsey & Helber, 413 E. Liberty. In the section of New York east of only know t
been is'ed trip to wAr- not wait for lower building costs, for EALIOFFERS Central Park, more than 55 large high prices
te is sit they are not in sight."_H_.hr 7 Fs structures have been taken over by of tomorrow
to the Lincoln memorial site and HL.T 4 n8iW''tenant owners during the past few and rather
ashington monument. More than half of the wealth owned BldgN A. Tolford, 712 First Nat'l Bank years at a cost of more than $65,000,- as the natu
PELYDELR LAN SC RE____ TMETS Mabel A oyear72Fis Ntl ak
'enoon sessions will be held in by the people of the United States or tBldg 1516 000, according to reports. 'spreading po
's theatre, within a few hundred existing in the United States is con- Turnbul & Burgess, 106 E. Huron St. "These f
of the White House. All after- mtined in the single item of real prop- "I the Ued State willds thr 2 frwl o"
conllIE EE wiltbelhld at te lI~hSOUR OlSTcity ofAnn
Willard hotel, peheiti gallFon-100
conferences will be held at the tys according to a summary made influence to educate thein-r Whaley Real Estate Co., 310 First tsty olA
,I Nat'l 'Bank Bldg. 1821-F-1!RNT ll C of Ann Arbo
ces to be held within a block of - ~ by the National Association from sta vesting public to the fact that a well _investments
other. \ Michigan realtors may turn tourists tistics of the Bureau of Census. advised real estate investment is safer west part of
shington realtors have arranged for a time this spring if a proposition Tihe total wealth of the country, ex- than government or any other bonds, University Offers TO RISE INCOUNTRY aole advanc
iformal reception and dance for for the organization of a Michigan ! clusive of property owned by the the price of which is controlled by north parts
Isitors Tuesday night, June 3, in Real Estate association caravan now government, is $310,274476,000, by the Wall Street, billions of dollars will Course In Realty espite decreases in many house- for decided
all room of the New Willard ho- under consideration goes through. A census lists of wealth in the 48 states. 1e saved for investment in homes and -hold costs, the nation's rent bill con- have alread
Entertainment will be intersper- I committee appointed by Bert J. Baker, Of this real estate comprises a total real estate development," according to Offering of a correspondence course I tinues to rise, according to a recent -
hroughout the evening's dancing, of Lansing, president of the Wolverine of $174.,23,456,000 including prol- the Northwest Real Estate bulletin. in general real estate forthe benefit ' country-wide survey by the National That 12.6 p
thought him little less
for it seemed incredible
wn would develop there.
Prices Low^
antinues to develop, going
farther, values increasing
r to year. Many people,
rnding the general trend,
hat prices are high. But
f today become low prices
by reason of the steady
rapid increase in values
ral result of growing and
pulation.
acts illustrate :th'e solid
eal estate values in the
Arbor; there is no part
r where sound real estate
cannot be made. The
the city has made remark-
es; the northwest and
are, in my judgment, due
advances. In fact, they
Y begun to take place."'
ier cent of the gross resi-