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Edwards, New York, N. Y.; Warren C. Eberele, of Spear & Company, New York, N. Y.; Frank S. Bache, of G. Richard Davis & Company, New York, N. Y.; Argyll R. Parsons and Lawrence B. Cummings, of Douglas L. Eliman & Company, Inc., New York, N. Y.; Andrew N. Nielsen and Oscar A. Prall, of the American Real Estate Company in Receivership; Julius H. B. Fogg, of Louis K. Liggett Company; Frederick M. Corse, Vice-President, The New York Life Insurance Company, New York, N. Y.

Special thanks are due Irving E. Macumber, President of The Macumber Brothers Company, Toledo, Ohio, and Chairman of the Publication Council of the National Association of Real Estate Boards, and H. U. Nelson, Executive Secretary of the National Association of Real Estate Boards, Chicago, Ill., for the many important suggestions they made, without which it would have been much more difficult to bring out the finished work. Special thanks are due also to the National Real Estate Journal, the National Association of Real Estate Boards, System, and The Record and Guide; to Joseph W. Brister, Assistant Secretary, United States Fidelity and Guaranty Company, Baltimore, Md., who gave us permission to use the material in Chapter VI from the book, "Some Principles and Problems of Real Estate Valuation," by Alfred Duncan Bernard, whose friend and business associate he was. We further thank H. P. Ellis, of the H. P. Ellis Company, Denver, Colo., for furnishing valuable information. Acknowledgment is made to Charles G. Wheeler, of Topsham, Maine, and to Helen M. Snyder, of Caldwell, N. J., for invaluable assistance in editing and preparing the manuscript; to Vechten Waring, of Vechten Waring Company, New York, N. Y., who was ever ready with helpful suggestions on many questions which arose during the preparation of this book; to Douglas L. Elliman, New York, N. Y., for the helpful ideas on its plan and scope; to Dean A. W. Taylor and Dean Frank H. Sommer, New York University; to James C. Bonbright, Associate Professor, School of Business, New York, N. Y., for valuable suggestions; to Percival White, Research Engineer, New York, N. Y., for assistance in every phase of the work.

Acknowledgment is made to the West Side Branch of the Y. M. C. A., New York, N. Y., for various ideas which have come to the editors from the work done in their real estate classes during the last several years, and which helped in the preparation of this volume.

NEW YORK, N. Y.

February, 1925.

BLAKE SNYDER.

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