THE MICHIGAN DAILY PAGE SEVE ROO . R RE LT SHO IC 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. t f 3 r a C > . f. .I I' , ~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. 1 i t I 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 -s wi rnpon ie Fey Ha irba ty b lope' R. merl ad o Spec rtis )ntes st, )ciat iminJ tate sta Com ade ie la tern ftern ark ram. Was on h; osal nd iz are ngto sits he W For :eith set' oon ew eren ach Wa n in te v he b el. ed t 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