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REAL ESTATE
AND
(Copyright, 1917, by The Record and Guide Co.)
NEW YORK, OCTOBER 20, 1917
REAL ESTATE BOARD HOLDS ANNUAL ELECTION
Laurence McGuire
President; Thomas
ALFRED V. AMY.
THE annual meeting of the Real
Estate Board of New York for the
election of governors, both in the active
and active-associate classes, was held
last Tuesday at the 3oard Rooms, 217
Broadway.
The active governors elected were
Stephen H. Tyng, Jr., V^alter C. Wyckoff
and Mark Rafalsky. The three gover¬
nors whose terms expired are Edward C.
Cammann, William L. DeBost and
Charles F. Noyes; the six continuing
active governors being Laurence Mc¬
Guire, Alfred V. Amy, Eugene J. Busher,
Charles A. Cone, Thomas P. Graham
and Thomas Hovenden.
In the active-associate class of gov¬
ernors, the six members elected early
in the year when the arrangements
were first made for electing active-as¬
sociate governors were reelected. They
are Richard C. Babbage, Francis S.
Bangs, Leo S. Bing, Robert E. Dowling,
Michael Friedsam and Franklin Pettit.
After the members'meeting the Board
of Governors organized and elected the
following officers: Laurence McGuire,
president; Stephen H. Tyng, Jr., vice-
president ; Thomas P. Graham, secre¬
tary, and Alfred V. Amy, treasurer. Mr.
McGuire and Mr. Amy were re-elected.
This is Mr. McGuire's fifth term as presi¬
dent of the Board. The following com¬
mittees were also elected:
Nominating Committee: David A.
Reelected President; Stephen H. Tyng, Jr., Vice-
P. Graham, Secretary, and Alfred V. Amy, Treasurer
Clarkson. William L. DeBost, Alexander
D. Duff, Frederick D. Kalley and Irving
Ruland.
Auditing Committee: Edgar A. Man¬
ning, Robert R. Rainey and Edwin E.
Zittel.
At the meeting yesterday resolutions
were adopted urging upon the members
of the Board the fullest possible sup¬
port of the Second Liberty Loan. Reso¬
lutions of condolence were also adopted
on the death of Henry W. Polhemus, a
member of the Board and connected
with the New York Evening Post for
more than fifty years.
Following are excerpts from the an¬
nual report of the Board of Governors,
which cover some of the activities of
the organization for the fiscal year end¬
ing September 30, 1917:
*Tn summarizing the year's work it
is impossible to avoid reference to the
march of events, which, in the spring
of this year, ranged this country on the
THOMAS P. GRAHAM.
LAURENCE McGUIRE.
side of those European governments en¬
gaged in the great conflict for the pro¬
tection and perpetuation of democratic
ideals.
"The economic changes created by this
espousal of the cause of democracy, in
the highest sense, have already been
profound and must go deeper. That
these changes have affected business
conditions is perfectly well understood.
Real estate has not been one of the
beneficiaries of these changed condi¬
tions, and may feel still more acutely
the economic pressure as the war pro¬
gresses.
"Nevertheless, it is with satisfaction
that your Board of Governors reverts
to the patriotic outburst that character¬
ized the annual banquet on February 3,
1917 (the date of the breaking of diplo¬
matic relations with Germany) when
the prearranged program gave place to
a spontaneous demonstration of loyalty
to the President, expressed in a tele¬
gram officially conveying the loyalty of
the Real Estate Board, representing the
real estate sentiment of New York City;
and again, to this resolution adopted by
your Board of Governors following the
declaration that a state of war existed:
STEPHEN H. TYNG, JR.
WHEREAS, President Woodrow Wilson
has advised the Congress that a state of war
exists between the Imperial German Gov¬
ernment and the United States of America,
this condition having been forced upon our
Government by the action of the Imperial
Government, and
WHEREAS, The Congress has in response
to this message declared that a state of war
exists and has authorized the President to
prosecute the war with all the powers and
resources at the command of the United
States,
RESOLVED, That the Real Estate Board
of New York, approve, and it does hereby
approve the course taken by the President
and the Congress.
RESOLVED FURTHER, That the Real
Estate Board of New York, fully appre¬
ciating the gravity of the situation and the
responsibility it entails, pledges its un¬
qualified support to the Government, fully
believing that whatever sacrifice the Real
Estate Board or its members may be called
upon to make will be made as a willing
sacrifice in a determining struggle to main¬
tain democratic government against the
ruthless aggression of autocracy.
"In other ways, in so far as it was
able, the Real Estate Board has striven,
with the cooperation of its members, to
give tangible, practical expression to its
patriotism and that of the element rep¬
resenting real estate in this city—by
providing an ambulance for the Red
Cross service at the French front; con¬
ducting a recruiting campaign which
added 329 recruits to the National
Guard; through Liberty Loan contribu¬
tions; in the State industrial canvass;
and in the food planting campaign.
RICHARD 0. CHITTICK.
RGCORD AND GUIDB IS IN ITS FIFTIETH YEAR OF CONTINUOUS PUBLICATION.