THE OMAHA SUNDAY BEE: NOVEMBER 26, 1918.
Plan and Operation of the Bankers Realty Investment Company
8 E
lOfficers of the Bankers Real
Investment Company
concern In the city big enough, and
with sufficient capital and organiza
tion to undertake them and carry
them through to a successful finish.
Demand Is Big.
"The business demand of the west
has grown ahead of the real growth of
the territory." says President Elvad,
of the Bankers' Realty Investment
Company. "Business buildings ar
more In demand in the west tc
than at any time in the history of .
country. Eastern cities built nil.
the times; western cities did net And
suddenly we have awakened and
found ourselves behind the times, not
In the demand, but in the supply, of
buildings of this class. That is why
the west Is building so frantically; it
is trying to catch ud with, to overtake.
the demand. The demand is actually
forcing the construction; big builders
have got to get busy."
The Bankers Realty Investment
Company was organized Just in time to
get in on this great wave of bis
things in the building line. Its or-1
ganlzatlon was such that it could take
advantage of the opportunity. Its
methods were of the new school. It
bad no past to outgrow and no officers
ana employes to be "unlearned.
In few other lines of business has
there been such a great and long
standing demand for more up-to-date
and efficient, more convenient and eco
nomical business methods, as that
which the buying public all over the
United States is making of those en
gaged in the business of building. In
probably no other line of business is a
buyer expected to make a finanoial
outlay of such large proportions as
when he undertakes to construct a
building.
(Continued on Page 6-Socl.ty Bectlop.)
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W&V? CA( l rwi&T) " Ittg liiBIsg ib Ell;,
Electrical Wiring
Done by
Johnston Electric Co.
1207 Harney Street
CARL GLOE
ARCHITECTURAL SCULPTOR
Interior and Exterior Decorations
Modeling and Staff Work
2418 South 16th Street.
Telephone Tyler 1437.
We Furnished All the
HARDWARE
Locks, Knobs, Etc.
Also
Tile Floors
For the Blackstone Hotel
BY T. H PORTER.
' Omaha's big rest building company:
: Bankers' Realty Investment company,
architect and general contractors.
Capital, $1,000,000; assets, over $1,500,
000. Four and a half years ago the Bank
er'' Realty Investment company
started business In Omaha In a small
Way. Today tola oompany haa under
construction and Is yng plans of
buildings, the sum total of approximate
aost of which will be M.000,000.
Included in this are the Big Omaha
Blackstone, the 1200.000 Bt Regis at
Thirty-eeventh and Jones streets, a
targe hotel building and an apartment
house out In the state which are now
being erected; and besides plans are
being made by Its architects for a
11.000,000 hotel to be bunt In Kansas
City and for many other building
projects In Kansas, Missouri, Nebras
ka and Iowa.
"Our policy has been Mo things,"
says President Peter Elvad. "We do ao
talking In advance of action. "We act
and let the others do the talking."
When the Bankers' Realty Invest
ment people announced an eight-story
half-a-mllllon-doUar family hotel at
Thirty-sixth and ; Farnam streets,
everybody laughed. -
It will never materialise," they
said.
: But work was started within less
than ten days after the first Intima
tion was given the pubUe that a
troject of that kind was underway.
In fict, before a single announcement
of tbelr plans was made, the Bankers'
Realty Investment people, acting as
agents for: the Blackstone Holding
Company, had' purchased ground,
drawn the plans, purchased the ma
terial and were ready for actual work
to begin. Then they told the public,
in a modest way. what they Intended
doing. And they have kept their word.
It, places the bonds and the stock,
purchases the lots, draws the plans,
buys the material, constructs the
building, and turns It over to Its own
ers, complete in every respect and de
tail. The Bankers' Realty has one In
variable rule from which It has not
They did the things they said they I deviated one Jot since It was organ-
would do.
atarts In Small Way.
The Bankers Realty started in a
small way. But they were doing busi
ness before anyone outside the com
pany knew that a concern of that
name was In existence. 'There were
no glaring announcements In the news
papers. The first thing Omaha build
ing and real estate men knew of the
company was when It opened an of
fice and started building houses. It
waa actually doing business before a
single outsider was Invited to Invest
In the company,
Ita class of business was small
buildings and frame houses, $2,000
residences; $5,000 business houses,
and things of that kind.
Today, the Bankers Realty will
touch no building that Is to cost less
than $30,000, exclusive of the lot upon
which It stands. The company has
prospered to such an extent that If Ve
proposition does not Involve at leaA
$30,000 It Is too small tor the concern
to set its financiers, planners, engi
neers, architects, buyers and builders
working on It
Th Bankers Realty Investment
Company takes a proposition for
Its clients from the start; finances
WE are pleased to announce
that the high standard of ex
cellence we attained in the heating -of
the Blackstone Hotel will
be Maintained.
Standard Plumbing anci
Heating" Company
. High-Class Plumbing: and Heating; Engineer
1405 Jackson Street Douglas 3998
lied; no building Is begun until the
tunus to .complete It are In sight.
"With all the immense volume of
buildings we now have under way,"
says Mr. Elvad, "we could pay cash
for every cent's worth tomorrow, If
we were called upon td do so." -Paying
Cash Helps.
"As a fact, we do pay cash for all
materials cash on delivery. We want
the benefit of every fraction of a cent
of discount to be obtained by paying
cash. That's one way we make divi
dends for our stockholders."
The Bankers Realtv Investment
Company has stockholders who de
mand their dividends 7 ner cent one
and they get them, too. Many of
tnem reinvest these dividends, but
they can make any use of them they
wish to. While the company la prin
cipally owned by Omaha and Nebraska
people, there Is a certain amount of
Chicago and eastern money Invested
in Its stock. But the company Is
financed, planned, owned and operated
oy Nebraska people by "home folks.
It Is not a foreign corporation by any
means. Its profits all come light back
to Nebraska for reinvestment except
that portion which goes to the "out of
the state" stockholders. And even
this money is usually sent right back
for reinvestment The company la
essentially a "home" concern.
The prosperity of the Bankers
Realty has come because of the actual
demand for the class of service the
company has to offer. There Is a
Blackstone or a St, Regis to be built.
Few Individuals can finance a i repo
sition as large as either of these build
ings. And yet there was the demand
for a great family hotel In Omaha, and
for an apartment house of the class of
the 8L Regis. ,
- The Bankers' Realty was the only
Boilers
Smoke Stacks
Phone Douglas 1403
DrakeWilliams
Mount Co.
23rd and Hickory and U. P. R. R.
Oxyactylene
Welding ,
Stand Pipes
Tanks
ITOMBO(GEMS
& SONS CO. eZJLVl 1515 HARNEY ST
Alan t.h Hard warn fnr tit a .
Woodmen Building, Pontenelle Hotel, Rose Building, World-Herald Building,
j ma.ua, uiuui rjiuuange ana uasue notei.
Tha Blackstone, Omaha. Nebr.
Banker! Raaltr Invaslment Company. Designera
, and Building Contractors.
Kawanea Smokeless Boilers and Kawanaa Garbage
Burnera Installed.
Smokeless Boilers
Cut Heating Costs
You can't burn any coal so perfectly
that none of it is wasted. But you can
reduce that Joss to practically nothing
by burning bituminous coal in a Kewanee
Smokeless Boiler.'
Years of experience have
demonstrated to heating
experts that most heating
boilers burn less than 60
of their fuel the balance of
it being wasted up the stack.
And it is that wasted fuel
that makes boilers smoke.
Compared to this ordinary
boiler efficiency of 60 is a proven
efficiency of from 73 to 81 with
a Kewanee Smokeless Boiler;
which means a Kewanee gets from
21 to 33 more heat from a ton
of coal than ordinary boilers.
If you are now using a boiler
of the ordinary type and burning
100 tons of coal a yeari, a
Kewanee Smokeless will neat the
same building with from 70 to 80
tons of the same coal. And with
coal worth $3.25 (an average cost
of soft coal) the saving of from
20 to 30 tons means an actual
saving of from $65.00 to $97.50
every year. That saving will soon
pay for. your heating plant and
then be paying you a yearly profit.
Our booklet "Cutting Coal Costs"
fives some facts and figures showing
ow the smokeless burning of soft coal
will cut your heating costs. A copy
will go to vou upon request.
Kewanee 5?iler Cany
KEWANEE. ILLINOIS
Steal H.iliai Bailers, Wales
Heatrng Carkafa Banen
Ckicata, New Trt, St. Leah
Kansas City, Mis