TTIE OMAITA' SUNDAY BEE: SEPTEMBER 18, 1010.
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DUNDEE
is an incorporated village, hav
ing its own government, and is
not in Omaha, but joins it on the
west.
It is reached by the West Far-nam-Dundee
car line every eight
minutes from 6 A. M. until after,
midnight.
The time by street car, from the business
district,. is about twenty minutes.
It is reached by paved street.
It has city water, sewer, gas and electric
light
It has uniform shade trees, and miles of
cement walks. '
It has a fine school, a church, a drug and
grocery store and meat market.
It is reached by passing'through Omaha's
best residence district.
West is the only "way in which Omaha's best
residence district can extend in the future as
in the past
HappyHollow
Situated in
DUNDEE
on the south side of Underwood
Avenue, and between Fifty-Sec
ond street and the Happy Hollow
Club.
The old method of laying out
in squares regardless of t6po
raphy has been abandoned in this
addition, and the property is so
divided as to conform to the roll
ing land, thus avoiding ugly or un
sightly cuts or fills.
Cement walks, park curb and gutter, sewers
and water mains, are in and paid for.
No business houses, flats or apartments arc
permitted.
A substantial building restriction assures its
future as a high-class, exclusive residence dis
FAIRACRES
adjoins Dundee on the west, af
fording a view of the surrounding
country to the north, to the east,
south and west.
, Its winding roadways, boule
vards and parks, all. graded, and
trees and shrubbery set out, make
it one of Omaha's most beautiful
suburbs.
Storm water; sewers have been
installed.
There are already several sub
stantial houses built ranging in
cost from $6,000 to $30,000, and
more are being planned.
Following! the Uine of Omaha's
best reidnce growth in the past
the exclusive residence district is
gradually : moving west toward
Fairacres.
Prices Reasonable. Terms of Payment Easy. Liberal Discount for Cash.
H
&
C 0 MP
Y
REAL ESTATE ACTIVITIES
Exchange is One of the Great Forces
of the Business.
WOEKS FOR THE GOOD .OF AIX
Stand. M Ilaaln.a. Orcunliatli
nltk a lll.h Standard Ktalra
and Alma to Prrarrve Har
mon? on All ftldra.
On. of the atrong armi of the builnea
body of Omaha la the Heal Km t ate ex
change. Thla organisation fills a peculiar place
Among th. varluua coherent aienclei that
operate In municipal and commercial af
fair. Th. men and firms composing lta
membership are in an Independent ponltlon
compared to those In purely commercial
line.. Thla aaa proven In the case of the
agitation for the terminal tax on railroad
property, aa an Instance.
Naturally shippers could not be called
Into an open fiifht to change rallroud tax
ation, or to Increase the same, or to engage
In personal conflict with railroad officials
before the state legislature. Dealing with
th. railroads directly every day wholesalers
and retailers would have an obvious reason
for hesitating to undertake such a task as
th. Real Estate exchange did undertake
and carry to suocesa. At loast- the ex
change carried the big end of the fliihi
from the start to the finish and received
th. credit therefor.
When It was Incorporated October 30,
18(16, th. Omaha Real Estate exchange had
a membership of sixty-one men and firms.
Today It has a list of seventy-eight estab
lished agencies. Many of those who signed
the original article, of Incorporation are
till doing business, while some fee- have
died and some others have gone out of
business.
From the first th. exchange has stood as
a business organisation, and Its member
ship claim that In no other organisation In
bualneaa life la a higher standard of ethics
maintained. Almost everything savoring of
unfair tactics or unbusinesslike competi
tion has been eliminated. Knocking of one
gent by another, or unkind reflections on
a competitor have been reduced to a mini
num. according to th. statements cf some
of th. most active and Itfluentlal of the
men engaged In handling Otnaha property
and Nebraska lands.
Ifeeat In Stat.
Activities of th. members of th. Omaha
xebange ar. not by any means confined
to Omaha, but cover th. whole western
auntry to some degree. The Payne In
vestment company, as an example, ha
beea a powerful agency In th. selling of
western Nebraska lands and the placing of
aeet'wa on th. same. Actual settlers, b. It
v
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Ar. 1.;:
F. D. WE AD.
rrenldent Real Estate Exchange.
noted, who have become Identified with the
solid interests of the localities In which
they have been placed. Of course a con
siderable amount of land has been sold to
speculators, but that is as Hue of the city
property as of farm lands. The O'Keefe
Keal Estate company and other firms have
also been engaged heavily 1 1 the movement
of farm lands, and thousands of acres have
been sold to individuals who had confi
dence In Nebraska and adjoining states as
a good place to plant their Idle money.
In another department of the business.
on the loaning end. many Omaha firms
have placed money to vast aggregates.
Perhaps the leader In this line In the whole
western territory Is the Peters Trust com
pany, which Is credited with loans out
standing at present to the amount of S9.
ftO.OUO. This money haa been put to work
for eastern companies and Individual and
In late years a good deal of It for western
Clients with such good judgment that the
measure of success has oeen flattering.
The great benefit to this section of the
country generally can hardly be estimated.
Land excursions have been engineered by
Omaha real estate dealer that have re
sulted In adding to the population of Ne
braska and adjoining states a most de
sirable element of ciUsenshlp. Hard work
was required, and a large expenditure of
money for advertising, for special trains
and Innumerable Incidentals; but the engi
neers of th promotion department have
had oa.afldence In their proposition and
have Imparted their confidence and en
thusiasm to the prospective buyers. These
latter have been drawn from .very part of
the United qtates and th. speechmaklng
that haa been done by the sellers to the
buyers would, If spread on tb. printed
page, rival even the prolific Congrenalonal j
Record.
Ilrlnv 111 ew Money.
Aside from the mere fact of Investment
and the bringing of new money, new people
and new energy nto the various localities,
so largely vacant a few years ago, the ef
forts of the real estate men engaged had
the larger effect of calling attention to the
great possibilities of much Idle land that
had little or no value unless actue workers
could be placed on It to break and culti
vate. The results hav. Justified the claims
of the men who were often sometimes
slightingly alluded to a Vboomcrs.' They
boomed with good effect, and the buyers
they landed have never had cause to re
gret that the land men found them and
talked money out of their pockets Into the
channels of active farm business. The
failures were InflnltiMlmal compared with
the successes. Etn many who bought for
speculation held on as permanent Investors,
much to their profit.
Home enthusiastic real estate men claim
their craft has made Omaha. While the
truth of this claim need not be granted.
It Is nevertheless true that they have
helped very materially in making Omaha
what It Is today. They looked over the ter
ritory, saw that It waa good, that here one
of the great urban centers of the United
States was bound to develop, and with this
belief fixed in their minds they laid their
plans, went ahead with their own cap
ital very often, and got results.
Today many a neighborhood is beautiful
because some discerning, thoughtful real
estate man saw the beauty under the
weeds and the forbidding roughne.ss of con
tour. Many a vacant tract of the old (lays
Is decorated with groups of handsome resi
dences. Much that was wortuless, seem
ingly, has been made of value, a. id to an
amount hardly dreamed of by the men who
platted, built, advertised and sold, or held
on to see their early faith Justified.
Mory of burch Sale.
There Is history embodied In the records
of every real estate office in Omaha, and
arming themselves these experts in property
talk over notable instances of real nerve
and daring In the play of alert mentality
with animate possibilities, riucli a case,
for Illustration, was the deal by which W.
T. Graham acquired control of the sit. on
which the First Christian church stood at
Nineteenth and Farnam.
Fred Wead had sold the property to the
church for I IS, 000 at a time when it seemed
th. location would b. undisturbed by the
Intrusion of business for mayhap a gen
eration. Graham went around one day and
wanted to talk purchase. He was put off,
but went back. Several repulcea did not
discourage him; but back he went again,
until finally lie reached the point of offer
ing ttf.uoo and some incidental Inducements
necessary to the uninterrupted continuance
of th. work of th. church.
A good many there were who thought
Mr. Graham had blundered, but he felt
otherwise. Bvent Justified his Judgment,
and the price he realised on th. property
4
J
I
H. A. Tl-'KKY.
Sec'y-Treasurer Real Eptate Exchange.
later fully r-patd him for the nerve and
prescience exercised in carrying out his
own notion of how the cat would Jump at
that particular point. Today a handsome
businesB block covers the site, and sur
rounding property has reaped the benefit
of Graham's foresight.
,nr Addition.
Some new additions and many subdivi
sions of old additions have come onto the
map through the pushing faith and hurtling
salesmanship of members of the Omaha
Real Estate exchange. Most of these are
In the city limits, but some are Just on the
edge, growing assets that are very sure, a
little later on, to be put in the count for
Greater Omaha. It has rot been the prac
tice, of late years at least, to merely lay
out an addition, sell lots and let It slumber
as just a name on the map of the city.
Effort haa been put forth, rather, to en
courage the buying of property for home
building, ad with marked success. In a
majority of caaes a rule haa been Incor
poiated In contract or deeds that houses
of a specified minimum cost must be built,
and on a fixed building line. Purchasers
and, builders have found that such condi
tions are an Incentive to spirited people
to go ahead on a scale they might other
wise never have attempted.
Instances almost numberless will occur
to any reader who ha lived In Omaha
for even a few year wherein some enter
prising mn or firm engaged In the real
state business has used hi own money
or that of friends to erect houaea, lay
walks, plant tree, ecus grass to grow
and generally changed the landscape for
the better. Then the man of enterprise has
searched for. buyers, here or elsewhere;
said th. sleepy people owning property In
the neighborhood hav. one day awakened
to the fact that they had something which
deserved much better treatment than they
had been giving It; and they hav. sought
to keep In the swim by rebuilding, perhaps,
or by replacing old shacks with modern
homes that wculd harmonize with the Im
proved surroundings. In this business, aa
in every other, good example haa a ponl
tlvo effect In creating more good. .
Interest Outside Capital.
From another angle, too, the real estate
agents of Omuha have won the right .to
be well thought of In the community, even
granting that they have some human
weaknesses that stick out like knobs on
a smooth surface. They have Interested
outside capital, not only to Invest in
Omaha, but to Improve, at times, perhaps,
ahead of the demand. Figuring out to
their own tatlsfaction that a profitable
prospect existed, their faith- has litcn
strong enough to move alleged "light
wads" to loosen - up, A few experiences
showing th. solid basis for the real estate
man's faith, the follow-up has been cer
tain, until some Investors who entered in
doubt have remained In confidence, with
purses open to make other dreams come
true.
Not only In buying and Belling, not only
In prospecting and promoting, but in the
smaller details of their work, like renting,
loaning, trading, the real estate men are
live agitators who build rather than de
stroy. They handle money for clients'' as
readily and as safely as they handle their
own. They collect rents, make repairs and
In general take from the shoulders of many
an owner and investor the cares that In
fest the day and the - worries that ktien
rich folks awake at night. Some are ex
clusive sellers for clients, some buy, and
sell on their own account; soma devote
about all of their attention to rental and
care of property; some handle loons almost
exclusively, others as a mere Incident of
their general trade. Rut they are all busy,
all spenders, all circulators of the coin tif
the realm, which they aim to keep moving
without casing. Yet the rich man among
them la the exception.
.Men Above lb. A vera. e.
Pointing to a recent group photograph In
his office, President Wead of the Real Es
tate exchange said; "Taking them . as a
bunch, the average wealth will prubabl)
be Sjbout 110.000. Looking at them, you
will aee that they are men above the aver
age In education. Intelligence and ability,
and It may seem a -trifle strange 'they
should be rated so low. The fact Is ex
plained by the peculiar relation they hold
to the commur.lty, wherein money is not
ao much a service, wealth hot so much
an object aa an honest success following
conscientious work. The real estate man is
an ugent. In reality, for his client and the
community, and the measure of Ma useful
ness oanr.ot well be set. If h. make money.
It I not laid by. but goe to work. That
1 hi gospel, necessarily, because he would
be out of place .entirely where anything
stands still."
Every man in the exchange believes the
Glover Realty Syndicate
1219-22 City Nat 'I Bank BIdg.
Douglas 3063
If You Want Good Values Investigate.
These Offerings
12.100 On N. " 1 !t ri Boulevard, a neat cottage, S rooms "and bath, renting for 120 a
month. Makes good home or Invest ment. . Near JAke St. . i
12,600 Sal 8. With, a good H-room house, modern but heat, and good location "Can
make very EASY TERMS, or will rent for tlb. -
$3,350 CATHKDRAI, PlrtTRK'T, a very good 7-room all modern home; paving paid;
nice east front lot with shade
f3.fi00 RIGHT NOW Will hue 3K1H Charles St.. a- very good 8-room all modern home.
well built and location all ri-ht; large lot and paving paid; nice shade. I'rlr.
Just reduced from H.KI0 and It ought to sell Monday at this flirur.
14.0.10 REM1S PARK, on Myrtle Ave., a very good li-room hnue. all modern, Just
half a Mock to car I ne south front, on paved street.
K.C00 HANHCOM PARK DISTRICT, a uood -room all modern home on Marcy St ;
large rooms., excellent arraneement. fireplace, oak floors, paving paid In full;
handv to two car lines. EASY TERMS,
lo.noo CREIQHTON 1HT ADD., on the Uoulevard. a 7-room modern home; quarter
rawed oak finish, hot water heat, east front.
SS.lKO WEHT FARNAM DISTRICT: 7 rooms, with hot water heat, oak flnlnh. good
location, paved street, one block of Farnam . car line, and VERY. EA8Y
TERMS.
$",t0fl I il'NUKE, the new house at fcOOl Capitol Ave ; good rooms, very well ar-
ratmed. oak finish; location good. EASY TERMS. t ,
cr. 200-Dl'NDEE. on California St.; bu!!t this spring for a home by day labor,, an
8-room all modern home; has hall, library, parlor, dining room and kitchen
first floor, and four bed rooms and bath on second; large attic; good rase-
ment; furnace that nost t?i0. .Requires 11,900 cash and !M a month.
15 2"i0 4HTH AND DOUGLAS; note the new houses, and especially the muiu.""
4!'TH AND KUl.Gl.A; note ine new nouses, anu espocimuj mo -
style one; haa hot water heat, larue living room with brick fireplace, h'mM
cell ngs. tinted walls, three good bed rooms and ; plenty of closets. f.Ax
ri'CCO HOUSE right next door; very attractive inside and out;
'dining room. laro living room arrangement, best of hot w",'r
besides Ruud Instantaneous gas heater, gravity coal cnuie.
TERMS.
$6,KO-C,ETH THE STT'
has nor a it otr
hentlni? BVHtem.
auto garage, etc. an nanuie m nu.i ith lrfrre
We have two good bargains In HEMIS PARK properly. W.nuu and -'' ,ln wre
lots: A No. 1 propert'es; numbers on request.
For Information today about any of these properties.
ney 2t".4.
phone Harney 2'WJ and Har-
GLOVER REALTY SYNDICATE.
weekly meetings which have long been a
feature, with' a luncheon, have been the one
best bet the organisation has made. It
has mellowed the stress of hard trading,
has made the men acquainted, kept them
friendly and clean In their relations, und
to this cause, mainly If not entirely, Is
attributed t)ie very satisfactory code of
ethics that governs the local real estate
dealeis.
From the beginning, the exchange has
been very liberal In. Its requli emeiits ot
prospective members. This policy has been
found good, In the main; but the exchange
la now considering a rule to acctipt no new
mom hers unless the person or firm has
given proof of an Intention to In- per ma-'
neiitly engiiged in real estate dealing. A
year In t)m business will probably be fixed
as the lime for provii.g responsibility and
desirability,' although there be tin's who
think a three years' probation would be
better. "Wild ratting" Is to be discouraged
even mure strenuously In the future thuii
It has been In the past.
The piesent officers of the exchange aru
F. D. Vtad, president; C. C. George, vice
president; E. M. Ulster, treasurer; H. A.
Tuke-y, secretary; executive committee,.
W. U Kelby, 8. P. Bostwlck. Byron R.
Hastings.
Here is what a real estate man
said:
'The Bee is paying me. Continue my-ad.
JNO. D. BAKER, Waldon, Ark."