TIIK OMAHA SUNDAY HKK: NOVEMBKK 2J,
TIMELY REAL ESTATE GOSSIP
Loam on Property Said to Be a
Little Easier.
CHOI'S MOVING SOME BETTER
Dealer Sar Money Not Hard lo
Vet n MnrdiC it Was a
Few Werke or Month
First Tenant Has
Moved Into the New
1 U.S. National Bank
The general feeling imnnf real estate
men la that money Is a little easier. They
declare It In et least a little easier ti
Bet loans than It was wme weeks ago.
They find It rnnler tn Rt loans on real
rotate than It ' some weeks ago. They
hold that Is a goo I sign.
The banker arcount for It partly by
the statement that crops In the west arj
moving a little better than they did a few
weeks or a month ago. They hold that
while farmers for a time held their wheat
for war prlcea, or at least for a dollar,
are now Retting all of a dollar for It
that they are beginning to let go of It. At j
the same time the corn prop Is about
gathered, and some of It Is beginning to
mova on this market. All this means that
the farmers are getting money of their
own Into their hamls an! putting It Into
circulation. This Is bound to produce a
wholesome effect, they say, when one
considers that many farmers had ac
tually been borrowing money from the
country banks to do business rn, while
they had thousands of bushels of grain
lo their bins to back up their mans, but
refused to sell It because they wanted
better prices.
It will mean that farmers who had
these loana will now pay them up with
the proceeds of the sale of their grain,
tbat tha country banks win In turn meet
their obligations with the city banks,
that the city banks, not being crowded
for money in this way, will stand more
rao to extend loans to the business men
In tha city, and that a general easier con
dition will result. Much of tha apparent
tightness of money, both real estate men
and bankers say, has been due to the
Jong holding of grain this fall for higher
prices.
Real Estate Man's
Creed is Here Given
A real estate man's creed, as con
densed to tabloid form by W. 8. El well
at tha Washington real estate conven
tion In Taeoma a week ago Is as follows:
"An honest service, In an honest Hold,
for an honest fee."
In his address Mr. El well said: v
"I toast the aelf-respectrng real est i to
man as a good and faithful servant of
tha community. Ho marches through
tha wilderness side by sld with tho
Pioneer, and from the time the first stone
Is laid until akysrrapers begin to sml.e
own on a teeming population, h is tha
real missionary of civilisation. And, he
la not only a missionary, but he Is a
home missionary at that. He Is the ad
vocate, tha capitallser. tha publicist for
the town. H. I. everywhere the optlmlnt
fmlr advertiser of them all.
His literature goes out by the ton-an.I
ha asks no subsidy, but pays the hill
"? '!b"crlbe" t0 th ommon hind.
! he do who )''nts a tree,
tea' fTP'Uble "h'de' !U frU,t nJ
Its fine Influence on the landscape!
And what does ha do who makes it
Possible for thousand, of frugal w,!
of the fireside, each beneath his own
vl. ,d fl, tr,T Thus ha capital.
humh,. 7 "d th hopP' of "" tn
humble circumstances and brings about
a community cltl.en.hlp (hat would no
otherwise be possible. Thus I .pen ").
name in capital letter, because hi. nam"
about such transformation."
New Code of Realty
Axiomns is Compiled
t- T - . il1rmon ot Wood. Harmon &
to and of th, rnlted Ctie. n.tJy a"
aoclatlon of New York. I. attracting It
tentlon among real estate men. Mr.
Harmon define, a .ea, lom.. J
aTL !T lf-evllent lru th-t is true
drei" m0BVt- ot of a hun
Tha "near- aaioum read:
lose ,u most r,nui in.K
an Investment ht l,,,r
N'fL th? PProlmat value of
and aibtrat thef .,'. .V,UU by i
taxes multiplied by i Tnd lit Um M
continue ly move In the dl7e."T,m of thl
fashionabf. residential sections Trad!
'"Mon rather than .h'o Veekl
rarely pay moiw than Interest on tha cost
of construction and do not share anrt
the buravn of the land Investment?
. bu"J"1 should b, con-
a ri eted for a tenant without ample sav
curliy for a rental that will pay1 j
cent on the Value of the land, and I per
cet.t on the cost of the Lull, II, i. V
Jjo. -Land increases more rapidly In
value at the center and at.out the perl
57. cU,f"- '1'"tant or de
clining In value In the 'interiuediata seo-
llOliS.
No. 10-Tha factors thst have the
greatest operating power In changing
tea.1 estate values are fashion and trans?
portatlva.
No 11-A lot of land within the S-cent
far- ,ine Is Intrinsically worth at least
more than a lot of land on a W
cent fare .utie.
No. 13-A buyer can afford to pay
nearly to Jr cent more for a corner lot
thaa for one in the Interior of a block
in a retail district, owing not only to
hltrSier rentals, but to stability of oc
cuj.Hnry. Mr. Harmon is known as one of the
reaU.-it addition exploiters In the- country
The C. II. Krnwn Jewelry company Is
the first to occupy rooms In the new
I'nlted Htates National Unnk building.
This company moved Its fixtures and
stock Into its new quarters, at the north
east corner of the new bull ling at Sls
teenth and Fa mam streets, last Friday.
Work on the other srls of the build
ing Is not finished and it mny be some
weeks before any other tenants can oc
cupy their quarters .In the building. Tho
quarters of this Jewelry company Were
finished, however, so thnt tvw thnt tho
company is lorsted, the name even ap
pears on the rindows of the new build
ing. The awning, frames or rnrks to
shade the win lows on the west and
south side of the building have also
been put into place, and the work that
remains to be done on this new building
Is nil Ins'de finishing work. The heating
plant has been in operation for a few
weeks so there Is no difficulty anticipated
now Inaflnlshlng the building on sched
ule! time. The. outside board fence has
come down and the corner looks almost
normal again.
Lincoln Highway
is Covered from
Coast to Coast
The Uneoln Highway crowd that drove
from Omaha to Fremjiit Friday to cover
their apportioned section of tho highway
during the dsy, my tho roads are 'bully."
They found much work being done on the
roads between Omaha una Fremont. Four
cars made the trip from Omaha. Kach
car carried a party headed respectively
by Harry Lawrle. H. W. Jewell, H. U.
Waldron and II. E. Frcdrlckson. George
Wols, ,lHdge county consul, made the
section of tho trip between Fremont and
Bchuyler. Donald McRae of. Counoll
muffs, consul for I'ottnwattamle county,
Iowa, made tha trip across hi. county,
across tha Douglas street - bridge, and
Into Omaha. Complete report of the con
dition of the highway by sections as It
was covered are to ba made to the
headquarter, of. tha Highway associa
tion at Detroit. , .
Dying Mother Asks
Postmaster to Help
Locate Wayward Son
Tha appeal of a dying mother to find
her wayward son before It la too late, Is
contained In a pitiful letter reoelved by
Postmaster John C. Wharton from Mrs,
Margaret Keeley of 612 Sixteenth street,
Denver. Phe says that she is suffering
from tuberculosis and I. trying to keep1
up Ufa and hope by working for her room
and board until her son, Cameron Keener,
can ba located and Induced to return and
comfort her In her last days. She writes:
"Will you help a heart-broken mother
locate her son? I have no support save
him. He ha. always been dear to me,
and my mother love cannot let him go.
That Is all that keeps me alive."
The .on was last heard from at North
riatta. .; v . ,fl'i .
URE IS FORJOME CHANGES
Wants Consolidation of Taxes for
Accommodation of Taxpayers.
ONE-FIFTH VALUATION WRONG
WoaM Also Raise Rate of Interest
a Delinquent Tacea from Tea
to Fifteen Tr feat to
Act mm Penalty.
Appearing' before the Omaha Real Es
tate exchange on Invitation last week,
County and City Treasurer William O.
t're spoke on taxation and some needed
legislation hi taxation and revenue mat
' ters. He pointed out that the county la a
' year and a half behind In Its accounts
! now, so thnt It Is paying Its regular obll
; gallons with warrants Issued against rev
' enue It intends to collect a year and a
half hence, and declared that noma day
: this matter must be brought up to date.
I 'He argued for a consolidation of (axe.
so that a taxpayer might pay all hi.
taxe. at once Instead of having them
strung all through the year In the form
of numerous bills and duns. "The con
solidation of taxes would be a great ac
commodation to the taxpayer," he said.
He suggested legislation to Increase the
rate of Interest on delinquent taxes In
order to make It more Ilka a penalty than
like an Interest rate. He said the preaont
10 per cent was not enough to force tha
delinquents to pay up their taxes, while
he believed 16 per cent would be much
better. He said Illinois had a delinquent
rate of 23 per cent, which wo. automatic
ally Increased each three months until
; by the end of the year It was about 100
per cent.
"naraeals I.etrlalatlon.
He suggested also legislation that would
do away with the one-fifth valuation
j process of levying taxes. "It Is that old
! system," ha said, "that Is tha cause of
j our bonds not being carried In New York,
The New York bank commissioner has
ruled us out on account of this."
When on the subject of delinquent taxes
Mr. Ure ssld Vt per cent of the tax
payer, have paid their 1610 taxes, and
that the other i per cent ara delinquent.
"Now, the fact Is," ha said, "because
that per cent of the taxpayer, ara
delinquent, the rest have to pay a little
more to make up for those who have not
tald.
On thl. point John W. Robbtns was In
clined to argue, for he declared that If
all but 1H per cent had paid their taxes
there was no excuse for raising tha de
linquent Interest rate, as that was as good
Bea Want Ad. Produce Results.
Work on Crcighton"
Working Girls1 Home ;
May Be Smarted Soon
Plans for the construction of tha Crelgh
ton Working Girls' home have been com
pleted and it I. rumored that actual work .
of const ruction will start within a few '
week.. The building, to ba constructed ,
from the bequest by Mr. Crelghton for ;
that purpose, will cost tloO.dOO. It will ba
built near the Central High school, within
easy walking distance of tha business Mo
tion of tha city.
CSS
liliB
J. iauis
safe imm
Heavy Hauling
1212 Farnam
' PH0N8 DOUGLAS 393
wwjisj ; '!.' i iiswiiiiim'ii niiJMiw'HJPii
Doubles Their
Capital
Stock to
$200,000
Secretary of State
has Issued thl. permit to Roma
Builders of Omaha, Nebraska,
Popular demand for tha share,
of thl. company made It necessary
to Increase Ita original lasua of
stock within a period of 4 years.
The Secretary, Mr. Bhlmer, aaya
the demand upon his Company to
build new houses warrant, thl. in
crease. By the time this Issue Is all
taken It I. possible that tha re
ceipts will take care of new build
ing contract..
When thl. condition arrives tha
Company will Issue sharea there
after only to Ita own shareholders.
Tha reason It la said that Home
Builder.' shares ara so much
sought after as an Investment la
tha fact that they earn 7 Inter
eat and participate 1b the builders'
profits whloh gives every ah ara
an annual earning of 10 to
11 and tha further fact that.
This Company does not spec
ulate In building houses to sell. It
builds ' only for those who order
Ml ara prepared to pay back
money furnished them.
Home Builder, aand. oat to Ita
prospective Investors a free book
let called tha "New Way." which
axplaina ita plan fully.
Two More German
SpiesJ)ealt With
(Curri SKndcnre of the Associated Press.)
Rt'AIUNU. KnKl.ind, Nov. lO.-Two
so'.'llers. a lm.e torjioral and a private
In the Hunts regiment of Kluhener'ai
dew army, stationed at fodford, "have j
rwn proved to be Uernisn spies snd have
beva dtult with" ly the military authorl-
v.. . M oi u.-r relating to the
movements uiirf ( ruposed movements of
troi. were found !n their possession.
Store Your Goods Whore They Will Be Safe
Where You Know They Will De Safe
Security
and
Efficient
Service
Always
f r l 4
8J 't-
STORAGE GO.
waT I . Ha
a, ySBft - I I 1 Jl
STORING
The meat mod
ern, the neat
equipped and tha aafest warehouse and
storage structure In the middle west. Fire
proof, rat and mica prpof ; dust proof, and dirt
proof.
MOVING RACKING
rtions u. about prlcea on separate locked rooms. Douglas 41(1.
OMAHA VAN & STORAGE CO.
006-013 South Sixteenth St.
ih S"snt AJ Column- of The Bee Are
Resd Iaily by rVopie In Ucorcb nf 4d
Ttrttsej Oi';rturiitiea
Y i ft
1 1 n f at "V. WTTNiy L I
. si n
REPAIRS
XR
Furnaces, Stoves
(Iy vvatfr frontq
W PROMPT KKRVirK
T. out iionuv
r f U - TV ; r
uiutuia oiuvo Aep&ir wor&s
lSO' DonrUa Street,
raoaa Tflt ao.
We are interested
in the man who owns
his own home
Much of the property placed on the market in re
cent years was acquired a long time ago as a specu
lation by -men who realized that the time would come
when the natural growth of the , city would make
their holdings worth fortunes.
Property under such ownership develops slowly,
however, and in most cases not at all. When these prop
erties are offered for sale, they are bought by a thrifty,
ambitious people who set about to building homes, beau
tifying the grounds and in all ways making the property
a credit to themselves and the city, as well as enhancing
, its market value.
The Omaha Bee is interested in the man who owns
his own home. It is interested in seeing these unde
veloped properties made into comfortable, modern
homes for the sort of people who are making Omaha
one of the most desirable cities in the country to live in.
Most of the properties offered now are worth every
cent the pricep asked and in numerous cases much more.
There are no "inflated values," and yet these prices rep
resent very satisfactory profits to the owners, and in a
few years the buyers will be able to figure their own
profits at comfortable sums.
These conditions can be verified by anyone who
takes the trouble. Omaha real estate is a splendid
investment for the large or small investor alike. It is
made especially easy for the home buyer, who is
offered monthly terms well within his reach.
If you are Interested, there is a large numbser of prop-'
erties offered for sale today and we publish the de
scriptions in the Real Estate columns of the classified
section. When you investigate you will be as enthusi
astic as we are. i
Telephone Tyler 1000
THE
"OMAHA
Everybody Reads Bee Want Ado