The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

A# WINNETKA WEEKLY TALK, SATURDAY, JULY 5, 1924 NEWS OF INT EREST IN REAL ESTATE AND BUILDING FIELDS R. E. MEN ADOPT BUSINESS CODE Two Important Steps Taken by National Ass'n at Re- cent Convention SHIELDS THE REALTOR Chicago Man Heads Mort- gage, Finance Body More stringent enforcement of busi- ness standards in the field of real estate is provided for in two actions taken by the National Association of Real Estate Boards at its annual con- vention recently concluded at Wash- ington, D. C. The actions, which di- rectly affect the activities of the 507 local member boards of the association in the disciplining of their member- ships, are brought to the attention of the boards in letters sent out from headquarters of the association, Chi- cago, last week. The first provision is the adoption by the association of a revised code of business ethics. Every person en- titled through membership in a consti- tuent board to use the title "Realtor" is pledged to observe this code. The second provision is adoption of an ad- dition to the by-laws of the association insuring that every person who uses the title "Realtor" legitimately within the jurisdiction of any constituent real estate board shall hereafter be a member of that board and subject to its jurisdiction and discipline. Must Adopt Code Every real estate board belonging to the national association must adopt the revised code of business ethics as part of its own rules and regulations, under a provision of the by-laws of the association adopted April 4 of this year. Resolutions passed by the full membership of the association at the recent Washington convention recom- mend to constituent boards the utmost vigilance in maintaining and enforc- ing the code. Any member board neg- lecting or refusing to enforce the code with respect to the business activities of its constituent members may, after due notice and hearing, be expelled by the directors from membership in the association. he provision of the by-laws giving each board jurisdiction over the use of the term "Realtor" in its own ter- ritory is designed to prevent the eva- sion of board discipline by persons who might carry on business in a city distant from that in whose real estate board they held membership. Viola- tions of the board's code would under such circumstances not be so readily detected or so speedily dealt with as under a plan requiring membership to be held in the city where a business office is maintained. To Control Term "Realtor" The by-law provides that every con- stituent real estate board in good standing shall have the right to con- trol the use of the term "Realtor" within its territory, and that no such board shall permit the use of the term by any of its members in connection with an established real estate office maintained within the territory of an- other member board of which he is not a member. Officers of the seven great divisions of the National association of Real Estate Boards were chosen for 1925 at the board's annual convention at Washington, D. C. They will take of- fice January 1. They are as follows: Association Officers Mortgage and Finance Division: Frank Lincoln Johnson, Chicago, chairmen; J. C. Weedon, Washington, D. C, vice chairman. Executive com- mittee, John S. Stalker, Detroit; Earle G. Krumrine, Chicago, and H. L. Rust, jr., Washington, D. C. Home builders and subdividers di- vision: Bert L. Clogston, Ios Ange- les, chairman; I. N. Griscom, Atlantic City, vice chairman; Norman C. Brown, Washington, second vice chair- man. Executive committee, H. A. Brown, Brockton, Mass.; Guy Ellis, Detroit; N. C. Brown, Washington; I Shuler, Omaha, and Raymond Con- nolly, South Orange, N. J. Industrial property division: Har- rison S. Colborn, New York City, chairman: E. Orris Hart, Chicago, vice chairman; Matthew Carey, Flint, Mich. secretary. Executive commit- tee, James B. Fisher, Brooklyn; S. E. Lyons, Toronto; W. I. Brent, Los Angeles. Farm land division: H. H. Rich- ardson, Jacksonville, Fla., chairman; J. E. Miller, Geneva, Ohio, vice chair- man; A. G. Bauder, Cedar Rapids, Towa, secretary. Directors, H. G. Meredith, Winnipeg, Canada; I. C. Fulenwider, Denver and Ben Watkins, Atlanta. Property = management division : Goodwin Gibson, Toronto, chairman; Louis T. Orr, Chicago, vice chairman. Directors: James W. Belanger, Chi- cago; Carlton Schultz, Cleveland; J. W. Pat. Murphy, Dallas, Texas; W. Ross Campbell, Los Angeles; W. H. Gardner, Winnipeg; H. J. Brachman, Detroit; J. G. Morgan, New York City, and-"C. P. Abbott, St. 'Paul. Brokers division: Executive com- mittee: W. B. Leedy, Birmingham; Benjamin B. Heuston, Tacoma, and George S. Horton, Brooklyn. Chairman and secretary of the brok- ers division for 1925 will be chosen at the January meeting of the associ- ation at Dallas, Texas. Realtor secretaries division: J. L. Wallace, Jacksonville, Fla., chairman; F. S. Brunyate, Norfolk, vice chair- man; W. L. Greene, Miami, Fla., sec- retary-treasurer; Executive commit- tee: Thomas S. Ingersoll, Los Ange- les; John A. Petty, Washington, and Pierce Jones, Chicago. Cooperative apartment section of mortgage and finance division: Albert W. Swayne, Chicago, chairman; E. A. MacDougall, New York City, vice chairman; Arthur E. Curtis, Chicago, secretary. A sales managers section, subordi- nate to the brokers division of the national association was formed at the Washington convention. Officers of the section who will organize its work are as follows: H. L. Samuels, Columbus, Ohio, chairman; Roy R. Cox, Birmingham, Alabama, secretary. P. S. Stockholders Get Glowing Company Report Further increase in the large invest- ment in properties by the Public Service Company of Northern Illinois was an- nounced this week by that company in a letter to the 21,000 preferred and common stockholders offering them the opportunity of subscription to a new is- sue of 7 per cent cumulative preferred stock on advantageous terms carrying a valuable subscription right privilege. The announcement states that the company's electric and gas business is growing at such rapid rate, that it ex- pects to spend this year about $10,000- 000 for additional plant and extensions to the already existing properties, valu- ed at more than $70,000,000. Business in 1923 was the largest in the company's history and for the first four months of this year showed a large increase. Because of the limited amount of the new preferred stock, the company states that stockholders must confine their sub- scriptions to one share of new stock for each five shares of preferred of com- mon stock now held. Owners of stock on July 3 will be permitted to subscribe at $100 per share, payable either in cash, in quarterly payments, or on a ten monthly payment plan. The privilege of subscribing ends on August 1. The company's letter to stockholders says: "The company is offering this stock to provide funds for increasing its gen- erating capacity, facilities and equipment to take care of the constantly increasing demands for its service. In 1923 the company enjoyed the largest business in its history, as evidence by increases of $2,302,247 in business and 32,820 in cus- tomers over the previous year." Hawlhorne Roofing Tile 1. Fireproof. 2. Low in cost. 3. Warm in Winter. 4. Cool in Summer. 5. Beautiful in color. 6. Guaranteed to last. ASK FOR QUOTATION Roofing Hawthorne Tile Co. 2136 So. 48th Ave. Desk R-1, Cicero, III. Phones: Lawndale 4510; Cicero 72 OPENS COUNTRY ESTATE TRACT Chicago Syndicate Acquires 300 Acres in Caledonia Township HAS LAKE FRONTAGE Is Located 5 Miles North of Racine A syndicate of Chicago men, repre- sented by Perry Ulrich, have just pur- chased 300 acres in Caledonia town- ship, on Lake Michigan, about five miles north of Racine. The property has about a mile and a half of frontage on the lake with beautiful bluffs, from 75 to 125 feet high. It is just east of Sheridan road, the Chicago and Northwestern rail- road, and the Kenosha & Milwaukee Electric car line. Portions of the tract are beautifully wooded and it is the intention of the purchasers to sell the tract out in parcels. It is surprising that so accessable and beautiful a stretch of shore should have been overlooked by investors de- siring country estates. Practically all of the north shore, between Chicago and the Wisconsin state line has been absorbed. The pur- chase of this tract by this syndicate makes it possible for the public to get shore acres in quantities heretofore unobtainable. Linden Crest Apartments Renting Rapidly, Report The Linden Crest apartments, Fifth street and Linden avenue, are grad- ually nearing completion. At this time, the Wilmette office of the build- ers announces that 18 of the 57 apart- ments have already been rented. "No effort is being made to go out and rent the apartments," it was made known. The building will be ready for occupancy the first part of October. TALIA TANICS (BY Hill & Wheeler-- Wonderful Opportunity to obtain choice acreage just west of Lake Forest, near trans- portation and adjacent to valu- able improved property. Well wooded and rolling. Price $750 per acre. Easy terms. Hill © Wheelerine \¥ 411 Linden Ave. Ph Wilmette 93 > KITA EVERGREENS PERENNIALS SHRUBS--TREES GRADING TRIMMING Weuuuaaaa rrr Winnetka Landscape Co. M. J. Sullivan and Son SEEDING LAWNS Phone Winnetka 1549 FERTILIZER BLACK DIRT MANURE GET OUR ESTIMATE 882 PINE ST. ALLAH LLLL IL LL 1 TIA LL FSSA LILA SSSI LIS SA LIS SIS IL SALAS LA SIA AAA WINNETKA YLLLLSLLLLS LISS SSSS LISS LSS SSL SLL SL SSS IA LL SSIS SSIS SSIS SLI L ILS SSSA SSSI AILS IIS LITS SS SSS SSSA SS SAS SAV 7 Z UL ddd Ld Ld ET 2 2 2 22727 77777777 77707777077, > N. U. President Will Witness Olympic Meet President and Mrs. Walter Dill Scott and sons, John and Sumner, left for Europe Monday, June 30, and will be away for something over two months. President Scott attended the meeting of the executive committee of the board of trustees Monday noon at the Union League club and took the Century Limited at 1:40, Chicago time, for New York City. At this trustees' meeting Mrs. Montgomery Ward appeared for the first time as a member of the board and Dr. Scott desired to be present to extend per- sonal welcome. The Scott party sailed Wednesday morning on the steamer, "Paris" and plan to visit both England and France. President Scott will attend the Olym- pic games for a season and counts on meeting in Paris some of the Olym- pic athletes from Northwestern Uni- versity, including Ralph Breyer, Dick Howell, Bryan Hines and Sybil Bauer. While at the games President Scott will write a special article on the sub- ject for The Daily Northwestern, the university's famous campus news- paper. The Scott family plan to re- turn to Evanston between September 12th and 15th. Read the Want-Ads FLOWER AND Vegetable Plants of all kinds. Driveways and Sidewalks Built and Repaired. Will fix up your whole place in No. 1 condition and care for it during season. Call Winnetka 430 or Glencoe 1095 S. BISETH Landscape Gardener © SN Ee eg North Shore Homes BEAUTIFUL NEW FRAME HOME 5 Rooms--Bath, Hot Water Heat, Grounds 50x140. Rea- sonably priced at $16,000. Terms. VACANT 350x257, 1 block from lake, $5,500. 118x135, east location, $100 per foot. SERVICE TO THE BUYER--TO THE SELLER Walter P. Smith & Co. 332 PARK AVE. Phone Glencoe 410 GLENCOE, ILL. ail LL ELLE LLL LL EEL EEL EL EIS PELE EEE EL DELLE EE EET add LA LL BRL EL EE TL EEE PE EEL ELLE TY Come quick action as a rule. under an exclusive contract. Fountain Square, Evanston Prouty Building, Winnetka When All Others Have Failed When a property owner wishes to sell his real estate, he wants The best way to get results is for him co list his property with a reputable and energetic realtor with an exclusive contract. We, knowing that we are protected in our efforts to sell property, will devote every possible energy for making a sale. We will spend money advertising the property which we would not do if other brokers had the property for sale. for a satisfactory and prompt sale are obviously much greater This system gives quick results without costing the property owner one cent more than the regular sales commission. Why Not Try It? Quinlan & Tyson, Inc. To Us The chances Evanston 2600 Winnetka 2199 == Oia the door. pS Zs "It's a Short Haul 'From the Garbage Can Jo the Dini Table & Ji y Route Flies have no conscience. Eliminate them with a Majestic Underground Garbage Receiver. Out of Sight--Puts your garbage can out of sight--Underground. Odorless--When the lid is closed no odor is emitted. Convenient--Can be installed in a convenient place near your kitchen It is-- Garbage is easily deposited and as easily removed. re ew $ 12g wi size ~ buried Dog Proof --Dogs can't upset your garbage and scatter it about the lawn. Fly Proof--Flies can't get at your garbage--no odor to attract them. Sanitary--Provides the only san- itary means tor storing garbage un- til it is collected by the garbage man. Get the Majestic at your local hardware dealer's. G. C. GUSTAFSON Representing Majestic Co. 6028 Grove Ave. Chicago i |