Newspaper Page Text
THE SUN, SUNDAY, OCTOBER 4, 1914.
REAL ESTATE MARKET
NEWS AND COMMENT
Building on 37th St. Near Sixth Av.
Passes to New Interest Brooklyn
Home Buying Continues
Y.T.3T TltlUTV-SKVHNTH HTItKKT
j, Arthur Fischer has sold for Francis
C,i'l''i a e'lcnt 63 Wtst Thlrly-sev-,,i
h -iMi t. .i four story building, on
:u' i x ' k '"' '''' east of the north
,,it i ' in " of SlMh nwmie.
TIMKIM. I IIHIIOKI.V.V AfTIVM,
rhi .Heo Winding Company hns sold to
J'olnt Hrunch, Woodmcrc, U 1., to II. 13
WAR TAX AND REAL ESTATE.
CIiiiiikcs Asked In Tito Vrtty Isluiia
f tbr .Mi'murf,
The provision of tlio national war tax
bill which afftct rral estate came In for
much consideration ut tlin meeting last
week of the Law nnd Legislative Commit-
BEAVER GREEK A MENACE.
.Inntnlcn I'olUn Wmit II Ileum ed
Wonlil Cost I IIO.OOO In Do II.
Ono of tho 1110.1t ImiiortHiit building
development In tho Horough of Queen
In In the Heacr Creek fcotlon. lying
Houth of tho former village of Jamaica.
In former yc.us Henvcr Creek, limning
through this section, wits I'oiisldernl one
of Its chief charm, hut n conception
of population has caused It to become
k menace to the health and a decided
discomfort. A ilcmaml hail been made
upon the boroiiKh otllclali by several of
the civic organizations of that section
that Immediate action to rrni"dy tills
condition be taken Ileal estate operators
In this district have Joined with the civic
organizations In this demand.
I'ubllc Works Commissioner .lames A.
Dayton linn estimated It will ccst mors
than SJ 00.000 to do the wotk that has
been asked. The Commissioner says that
a request hat been foi warded to the
Hoard of Intimate for 1111 Irsue of p.cl.il
revenue bonds to do the wot I; In ad
dition t.i this an estimate has In en
Last Chapter in Fall of Old Department Store
Zone Recorded Last Week by Arnold, Constable
Alfn 1 I' Hi'"' TV"iity-llrt avenue,
.i tl M.ieum I '.irk section, a one fum
ilw'l.t'if nut to llenrgo II. .Inekson
ii4i ' tourih rtrr"t, u one family
"W.nll -wie has sold for.!. Oodln!i';:0t V" A'1"0ry 0ouncU ?f ltt-" i:tute i p, me budget Ml.loh Is now being
il' I Oil Ilia Wl'St Slllf Or KOUr- I ............... mih,nii.u H.in 1 ll k.imk "I men lie '1 en
to 1110 Mcnato Finance, (Mmmlttftc changes m Keeping ine erc-n in p-oper eon .1. on.
In the. tax on conveyance? and tho. tax ' r,M f,,,l"t ' '"-" 'ide ro tlie if
i. ninniMi.1.. m,,i ....... ..t .! 'h revenue bouJ me denied, some ini
1. mortgages nnd cot e-yances of r"i , rovcIm.t(1 , , ,., ,,, ,t j,,.
ratutt-, tm unocr 1110 iuw. ims 0111
tnntli ! ' " f'1'1 south of Forty-scv.
tni, -in it to 11 I'.llltt.i; for -Miss K.
IMtmr i-i . 4.AIO0. on the smith slds of
IVti H't'i "H t, 500 fret east of Flf
Until .'Vii e for imiirovement ; for 1'.
1! !(:... tl" two family b-lrk homo nt
jl'.i KtfK-'Idtd strict, to ,1. Harris: for
0 1' pi '. tin l.r.i'k house at 1 1 57 Fifty
foMrta st"e. to 1'. I.oneuan, and for .1,
M i-.r.o Si.'l1'1 on the wrst side of HIx
Jf.i'i.i.i mi'tui-. "'i fiit south of Klfty
f ,1 1,1, 11 J rrrediniin, for Invest-
Ti'i tune and stores nt rH to !l!3
Vri''i"t v""ie, on plot SOxlOO, hsVf
t.ti snH I l.v llros. to a client of
hun.'je. W fh.
B. A Koi ter has sold the dwelllns at
l KnwwWn street for Joel tl. Charles
t Morr s I'.osi n.
Minn: itmt.mvooii ri..TS soi.n.
i'vles 11 tax of one dollar ier thousanJ
on tho consideration or valuo of tlio prop
erty conveyed. Under that law this was
held to mean that tho amount of stamps
was required to represent tho entlro value
of the property. Including tho amount
represented by martgnices, and that It was
not to ho measured by the itmuunl of
emilty or Interest com eyed.
The commute- iolntcd out that this uns
not c'ltiUablc, tor all that Is olthar con
veyed or paid for Is tho equity over and
nbove mortRSco Indebtedness. The corn
mlttco has viiKxeJted u chuinn so that
tho umnunt of tho tax will bo meitsurid
by the conildeiatlon which actually passes
Dotwccn the parties nnd tho thine con-
t f 1. m v
r-rr;'tl ' '
.'latl.ewB Company has (Old I voyeri.
III the IliilK'WOOd Section The srenml rlmniro uiretn! wns rti.
MiM'ros, bar hall Rroimd tlva to the tax on niortCHKes. which is.
In form, similar to tne tax on morlKases
In the 1S5S law The r.tto flftoen cents
on oicli one thousand dollars of innrtRaKe,
over and above tho first one thousand
dollars. The committee believes that. If
there mtiet b.) a tax on mortvuxes, that
In addition to taxlni; inortftai;es when
ms.de, nnd first trnnsfer or renewal there
on. It Is Improper to also tax other subse
quent nssltrnmi nts or reMwals Inasmuch
as other -taxes upon Indebtedness fall upon
1 Uraf. corner of l'litnum
'.ie ,1 venues, on tot 2'iXlOQ,
1 n. riihnrd ' TI'l'Lv IMS,
"O M.Tii.'.m street, on plats
,r 1 1 ."00 inch, nnd to Hobcrt
is:i0 M.-dlson street, on plot
r J 11 ',00
st'.i.i.s r.i.MiiriiHT 11111 si:j.
Puff ,v Hi 'n Company has sold for
Jokn - n to Cent for occupsncy 1 IS
Fm.'im st Klmhurst. two three if.ory
fri"' ilive ncs on plot 40x100.
JIMI V-si-.T I'AIIK IIOMCSITC.
1. r 'ur V nshburn A Company have
:i p'nt t'OxiOrt on the south side of
Orchard sfe-t Manhasct I'ark. 1... I., to
11 1' Ilr.ni' 1 who will Improve the slto
with a b: " k dwelling.
t,Ki:vtrn 11011:1. nin.n.
Tie i k wool Hotel at Uikewood.
V J. ene f the laruist In the Jersey
,,i,t, rr, has Wh sold by Kathan
Ktne to Nithiin and Mollle Jacobs. It
t said fxt nsle alterations will b made
nth mam HUM umr ny ne new uwn.ia.
Thr I'te wis bu'lt nbout twenty-thrM
n-! In rerent years the resort has
no trwdi' mo"-., and about two years nco
t nns nut up nt nuetlon nnd Mild for
m rnn The buyer, however, fat'ed to
'ri'T nu: 'm contract, so another dfal
tn' niUequently started and resulted 111
v. r f.r ,t sale.
TR!i: TKI It'TII ST, HOT'Si:.
W,'! .mi While & Hon have leed for
clf S Kitziimii hr rtsliUnce lit 13 Kast
?Ari.n.nti street to Chnrles llrown for a
t.mi of iwcnty-olie earj at n rental aq-'-up
-ver 1100,00.) At an early date
",1r Hi.iwn will after the bulldlnR 'x
ei .'v .! busliui'i purposes from plans
y r, A & II llochm.
WORK FOR ALLIED INTERESTS.
trlet can bo made.
NIiikIp Tnx OppioiKlou mid Protec
tive Action to lie III I'leld,
That the Allied Heal Kstato Interests
nro not Rolnc out of business but that
they aro on tho other hand about to ex
tend their field of activity, was the sub
stance of a statement made esterday by
Allan Koblr.son, president of the nrvanl
zatlon. Ho said that experience of tho
past year shown that tho astticlatlon Is
needed for the proper protection of real
"Broken are well taken rare of by the
Ileal Estate. Hoard." Mr. Hoblnsou Mated,
"and tho Culled Heal Kstnto Owners Af
toclatlon has done yeoman's work for Its
members, but the members comprlted
within tho Allied Heal Estate. Interests
r.nvo no one to properly represent them,
and at a rneetlnn of the board of directors
held recently It was unanimously decided
' that the association should not oiuy con-
tlnue It nctlve protests airalnst single tax
lcKl.ution. but should aim resume Its
pi neral protective work which had been
left largely during- the past year to other
REASONS FOR MONEY SCARCITY.
BritM's IMMII'IJKTY I.i:.Si:H. j rC b). nnnU for lle.ervr
llrown ompanj im Cuml (lie f'hWt Truulilr.
UPTCW APARTJIENT PLMS.
Tmu n Slnrj Utilises oil KIOIIi
sireel. fine 11 1 Hie Drive,
On the nnrthe"st cormr of Riverside
1-Ive and l'lOt'.i s:ieit sit storv npvrt
ment house Is to be ene'ed for the Mai
vln onstruitloii Conitunv, J lenry 1'rled
man president. It will have a f.teade of
brick and terra cot la. with a frontace of
117 feet on the ln-he hv 1.".;.: feet on
the street. There t"1 he nccinmo.intlons
for jorty-elKht families Harold 1,. Younir.
the architect, has estimated the rot at
I'lans have a'o been 111. d by Harold
T. Tounir for the en:istri:. 'un of
storv npartnimt hons.. mi the north side
of ICOth tr'"t. uj.tl feet nnith of Kort
Washlmtton av. nuo. for the Hudson View
t"o:!struetlon Compiny. Henry Friedman
president. It will have a frontape o' 110
f.'et and a depth of Ml T, fft and will Invo
accommodations for forty-two families.
The cost has been estimated nt $123,000.
iiii 11. 11 j r h 11 7 i,ji in. js i r iirmmm i r t i mm l , srii.kiMasLHi rmamnarvM in i i
MrtiGir or vcw v lllrar. i.r ! -Mgt III
WAR HURTS NEWARK BUILDERS.
MiivlrtK I'letiire (Iperntlcins Hip Only
Ones .Vol Arfected,
Newark, N. .1 , Oct. 3. Superintendent
of Uulldlnirs William I'. O'Rotirke ssu( d
104 bulldllifr pormltn durlnr; Setiteniber,
representing an nutlav of about j:30,(,0O.
This 1 lets than half tho amount of
money provided for hulldlnir work In Sep
tember, mis. when the Hotal cost nffftre
gated SrAI,3:r,. It Is also below the i.st
of bulldlmr vork durlnir the month oft
AUKU3t, wn'.cn totals clo.u to i3,soo.ooo.
Mr. Rourko said tho permit of tho l'ub-1 . . .
tic Service ltnllway Company for tho ncw When Arnold, Constable- S: Co. move
Ji.fioO.OOO terminal was urnnted In An-1 next Hcptember to the new bulldlmr that
tust. Ho nttrlbuti'd the inactivity durlnir WodericU V. Vanderbllt In to oroct on
natnisii.uur 10 too ouinc w oi ine manioi,
brounht on, he said, through scarcity of
money resultlni: from tlae Kurupean war.
MovinB picture tliedt.n form the only
class of structuro not .iffecteil. As a
matter of fact such operations have In
creased. Nevor.il movie home nro now
In course of erection In different p irts
of tho city, white estlmntrs are now being
received at the oITIce of William V.. Uh
man. archltea. for the erection of an
addition to the recently cmiplcled picture
theati" nt B3 Oransn htreet.
ttolomnn AnsbBch. the 1 wner. spend
511,000 on the extension, which will mean
tire r.Sxir, and will fc-lw i ... the -.ti e a
renting c.ipacltv of ubiit l.oon.
'ft i 1 tluor at 29-31 Went lhirt-
VH, .,.. , ,; m. liermoiit & ; i Condlt.on In the mortsraKe market
it ,rt door nt 1311-11 Hro.idway to 1 Htendlly improved and trny now be
'olumhas c.rcl PrlntlnK Cgmiuny. and to be api.ro.ichlns s. normal conditio
cr .1 "o-i term the store 111 n, 1 . ...
avenu.. i.orthe.st comer of Kitty-third
tret', to I.. H. Costlkyan Co.
John V. Weiss has 1-iKed for A. Attic
Lury the im.ldlns at 519 Ninth avenue.
adJolntr.! the corner of Thirty-ninth
tree, to J icoh Sch'.ff. for eleven year
nd the store nt 1317 and 134'J Ronton
roid. to K UowentJiitl & Son, for two
y- , ,
The nuroM iVunpany hrfi leased tor
tin years 413 Woht Thlrteentli street, a
three story nnd basement business biilld
irx to C J Sullivan, who is to exten
ilrdv alter tho premises for a cafe nnd
rwtauran: The nuirreKate Rress rental
fn- .he t..rm - I1I lie nllOUt $20,000.
nw.ng, Hacon ei Henry have leased a
fioor in 401 1'ourth avenue to the Camp
Xlre (!,rl of America, space In 345 Fifth
venue to the I'lcture Paster Publicity
fomrany. space In IS Kant Forty-first
ttrcet to tho Terpeione Company, and
spa's In the Archlt.vtects MulMinK. 101
rirk nenue. to the Ward Motor Vehicle
M. ft I,, lless have leased the fourth
luft n' 11!-:.' i:at Twenty-fifth street,
runninu t iriuieh to and Includlm; 140-58
East T ntv.slxih street, containing a
floor ana 10.000 square feet, to the
Illustrated l'ustal Card and Novelty Com
pany, fjr ,i term or cnrs, at an nKRre
te rental of , nO.OOfl.
cit iioct.s nK.vnin,
T'- er f. Co. have- lens d fur Walter
C Halo ti Annlo Robinson, the three
wery hmwrntono dwelling nt 125 West
Slani-oii H ibbs have lented the three
id on-h ilf torv dwi lllnir at 304 West
KiRthi-tn rd s'reet for e'harlcH H. Hays
"i Orii'.n H Moon, and 303 Went Ninety
third sire t n four story twenty foot
owe ! , tnr Alice Williams to II. Muller.
The Hi.uifht .n Company has rented the
fo'ir t'ir.- ,md basement riwe'lllnit at 308
Wet K-it .s.xth street for Julius H.
.Vrn.m- to N MicJi.iels.
The I., h.h ii,,kir Company has lensod
'"" a term nf jc.ir for Chnunc.ey I'. Mc
Kmeh" ( ie t'iree stoiy brick and stone
iw. .. hi- i -,;s W.st lT.lth street to Mrs.
Kay feiop i.e. Vhn will occupy the hnii-e.
ni:riN(, i,o.i ihi.imi iioukji.
' I K Hifjtt has rented for Or. J.
I'm't .Mt.orne his houec on Ilniwers
th'h time of the year, according to M.
MorKcnthau, Jr Tivn factors nre still In
the way nf a completo resumption of busi
ness. The savlnirs banks nre out of the
market b.-cnunn they fear the IiIrIi rates
obtainable In tlrrt cUtis bond Investments
may cause their depositors to withdraw
The liisuranci. companies nre entirely
out of the market because they feel It nec
essary to build up their reserves nKOiiwt
possibln borrowlmrs by their policyholders
In acrordanco with the terms of thu poli
cies. Cntll theso two factors am removed,
Mr. Morircnthnu said, we could hardly ex-
ncet an nasv money market. Alcanwnue,
the selllnic or tne new c-iy sioen mm
bonds on practically a 5 per cent, basis
Is certain to brim: back Into tho morttraK
market n larne portion of the funds which
warn withdrawn for possinio inveBimem
In these necurltles on a fi per cent basis.
tin; (in.r;i: rmt s:tn sthiii'.t,
Tie two and three Mory exprehs ware
house ut 553 to .'.57 West Tw. nty-thlrd
street and r.4i; to f.50 Wet Twenty-fourth
street Is to be nnde e.ver into a rrariKe for
the Auto Car Company of idmore. 1M ,
ut an estimated eot of $20.00n I'.ml C.
Hunter is tbr jrchltret.
TO BEAUTIF OUEENS STREETS
BUILDING SMALL DWELLINGS.
II rook I. in llnllders Clod I' liny for
o Other 4'ln of WurU.
I'lans for slxty-fo'ir new liuildir.Ks, to
cost $150,000, nee tiled in ll'ook'Mi last
week. Most of the plans call fer am ill
dwelling, a feature of Initldtnit operatiena
In Hrookln for sevc-i! wei ks. Of the
sixty-four new bu.ldli.its tiled forty-four
are small dwellings nnd Hix are Hats.
Tho six tenements, which will cost
S30.000 each, will be four storiia mull.
Four nro to he erected on the northeast
corner of Miller nnd Helmnnt avenues, on
n plot 2U0 by 100 feel, hj Max Nevflelil,
nnd two will be built on the west fddn of
Hatrett street, 100 feet noith of Sutter
nvenuc, on a plot 100 1 100 feet, liy
Meyer Hoffman. The t-lx 1 'illdlncs will
have accommodations for more than 100
The southeast corner of Thirteenth ave
nue and Thlrty-eifchth strict is to bo
lmprov.il b the N. & S. Realty Company
with live three story stores and ilwi llltiKS
at a totil cuit of $27,500. and on tho
northwest corner of Thirteenth avenue
ii ml Forty-fourth Hreet Morris IVemtock
will erect live similar buildlnss lit a cost
Thirteen two storv dwelllnirs will be
elected on the south side of Seventy
seventh street west of Sixth nveniie, by
the Floila Realty Company at a cost of
$3!,000. R Kmifmnn will spend $3,000
for six small dwellings to occupy a slto
on the north side of Surf aienue. west of
West Th'id street. Coney Islnml.
More than $70,onn will l.e spent fur In
ilustilil development. The IVter Cooper
(llu factory, which was itabliB.ied in
WIHUmsIiurK back in US2, was recently
absorbed by the c,ulf Iteilulior Comrnny
of I'lttshiirB nnd plans have icn (lied
fer the erection of n new brick Mnr.iKu
warehouse, 100 liy r,0 feet, to riMt $15,000
itlid a smnll building for similar purposes
to etui $rt,000. They will lie built on the
southwest coiner of Uanliier and Maspeth
nvenues. On the north s'.do of I'ltkln
east of Snedlkef avenue, tho
Ite-nlty Company will spend
tho slto of bin home ut Fifth nvenue and
Knrtleth street, not a department store
will remain on Hro.iilw.iy between Four
teenth nnd Twenty-third street, for
nearly half u century tho recounted
hldi class BhoppInK centre, of Now York
city. NutliltiK will remain to rocnll tho
Imnortiinco of these blicks which held
the liulldliiKH of retail iihops wIiobo repu
tntlonM were known the world round.
The building In which were tended tho
wants of millions of people, both rich
and poor, will bo altered so much Hint
only former tenants will be able to rec
ognize them. The wide expanses, which
held fnbrlrs brought here for New York
ers.' tiso from nil corners f the world
nnd nt Krcat expens.- will w partitioned
Into so many jmall compnrtmentB for
the uso of rnvfiittdiopM and wmall manii
facturers In every lino of business. This
Is not n prophecy but a truth, for th
end of the district Is scon already In the
chntiKvs that followed the removal of
Lord & Tuylor, Vnntlno & Co.. Stern
HroK., McCrccry nnd others. It Is thos
chmiKiH iih much as unythlnK oIbo that
hastened the removal of tho Arnold
Constublo linn, for It wan a question
how lonir even old patrons of this store
would bo willlnB to come downtown Into
a district tlint afforded them nono of
tho pleasures ef an nfternoon shopping
.So Arnold-Constable, hnd to follow the.
crowd, as tho taiylnR kocs, nnd movo to
Fifth nvenue, whrro many of tholr
neighbors novo nono In tlio last ferw
years. It Is tho same old story over
npaln. Downtown, lower Broadway and
Grand street were depopulated years nco
for sections further uptown, nnd this
section In turn was descrtrd for llroad
way north of Union Square, which now
Is loft behind for Fifth nvenuo uecauso
the movement of imputation Is ever
northward. It does not seem jiosslblo
that many of the leading department
stores now on Fifth nvenuo wore nt ono
tlmo In tho centre of what Is now con
sidered thti slums of tho city, tho battle
field of Banisters, nut It is true.
Lord & Tnylor wero In Cnthnrlno
tots .fi-raeti-si-r: -to jb-si -is-e.p3Tlce.t3.tsy tci-z-vz.
bui 3-zoi ThTG . cy y y
KrlnpInB It were streets on which lived . to do with the location of shops The
many of tho leading centry of the town
Tho a. nilng of trade Into Cathaiino
street. Into their home districts, started
families to seek moro secluded places
to live. There were no such places to
tho south, for It was years since trade
had claimed the lower prcclwts of the
city for Its use. So the movement was
to tho north. When this movement hnd
reached such a perrelvnblo stato ns to
nftect tho business of the shops of
Catharine street there was a chantto In
Catharine street. Lord & Taylor opened
a pl.iro In 1852 nt Grand and Forsytho
About 1S27 Aaron Arnold, tho founder
shopping centre nniaincd downtown for
many years. Grand street then hold
the same positii n in the city that Fifth
avenue holds to-day. Like Fifth ave
nue. It was one of the few Mrcots where
wealth nnd Kreatnes wore always on
exhibition, and, nccordlUR to stories, It
win) this that led to tho mimlnB ol the
thoroughfare Grand street.
The next move of the shopping centre
wa a long ono. Hy getting beyond the
residential sections of tho city shop
keepers roasbned that it would bo many
years before another nlungo la loca
tion would be necessary. Ho they begun
Inciting on Jtroadway between Union
of tho present Arnedd-Constablo Ilrm, . and Madison squares, which was con
street near Madison street, nnd on tho
same street, but nearer tho river or at
tho head of Cherry Hill, was Hrooku
Rros., ono of the city's leading clothing
houses. OnthnrinH street then was tho
shopping centre of this hustling town.
I'nrW Deportment llenil In
Trees to House Owners.
Reautlfylng the streets and nvenues of
Jueens and at the sanio time increasing
tho revenues of tho Pnifc Department In
hat liovdUEh nre expected to follow the
Aorklng out of a plan which hps Just
ocen announced by l'ark Commlnloinr
John U. Wcler of that borou(th.
Tho plan Is to sell to all applicants
trees nt a cost of $5 ench to be planted
In front of their property nnd then to
lend the assistance of tho expert tree
planters of tho dnpirtment to plant tho
trees nnd irlvn them the neccsary care
to hifciirn their growth.
At Foret I'nrl: in Queens Is an exten
sive nursery where trues of all varieties
haio been nurtured. Special attention
has buim given to those varieties that
aro uteful In street and park adornment.
It has been tho custom of the department
horetoforo to give trees to those who ap
plied, but then It was n'ccunry for tho re
cipient to engngo the services of a nur
seryman to plant them. Many times this
wais not possible and the Inexperlincu of. avenue
th nronerty owner In treo planting often llewcy
resulted in tho death of the young tree. I $32,000 for a four slo-y loft bulldlnat nnd
The money received for the trees will , Samuel (lather will erect n three noiy
be placed III tho general park fund of In-iok shop on the south side of Melrose
the borough to help rnrry out Immprovc- strei, e-sst of Hamburg avenue, nt a
ments, cost of $ir.,000.
opened a small store at tho corner of
Canal and Orchard streets. Other big
stores came north nnd located, if not
on Grand stre-et, In that general neigh
borhood, for It fringed tho residential
Bcctlon of tlio town of thoso days. Lord
d Tayor established a place later at
the corner of Grand and Hrondway,
figuring that the movement of resi
dences would bo to tho west Instead of
north. Broadway was the promenade
of tho town, which, too, had something
sldcrod far up town lit anteoclluni times.
Lord & Taylor located at llroadway and
Twentieth street, nnd it Is about forty
four yen is since the Arnold-Constable
llrm tojk the corner of Rroadw.iy and.
Ninotoe-nth street for Its plueo of buM
ness. Though Lord a Tuylor and others
established In tho new centre, tho old
places In Onnid and Canal nnd Rroad
w.iy were continued, and it Is not more
than twelve years since tho Inst of theso
was abandoned, So for well on lo half
n centurv the blacks biluua
leeiith nnd Twenty-third street, TlroiI
wiiy u'nJ Sixth nvenue, liavo boon tho
home of some of tho largest and llnest
depattment stores In the world. How
many millions of dollars huvo passed
over the counters of theso stores In a
year, not to speak of all tho years that
they wero there, would startle tho mine
of even the man who Is used to handling
big sums of money. A year's business
In the oid district Would go far In
llnntielng the great strugglo now on In
Kttrvpc A dozen years ngo no one was
rash enough to thiifk that this district
of Ilii" buildings and stores would ever
be, anything hut what -It wns, tho most
Valuable re.al estate zone in tho city,
the zenith of eery store keeper's am
bition. It II Miuy & Co. wero the first to
desert the old district. They left Four
teenth street for Greeley Square, an un
warranted ihnuge many thought at the
i time, a move which business men whin.
I pered would lv the ruin of the llrm.
nut the .Mary firm raw the turn in tne
tide lorg before It arrived nnd planned
to bo out of tho old section when It
came Henjnmlu Altman, however, was
the llrst to move to Fifth avenue. This
move was considered even moro rash
than Mocy's. for tho reason thut Fifth
avenue wn a residential thoroughfare
and not suited for retail trade. Mr.
Altman saw tho future Fifth nvonuo
ns a bustling business street and h
did not hesitate to nay so and backed
, up his convictions by purchasing tho
i block on the east side of tho avenue
from Thirty-fourth to Thirty-fifth
ftreet us a site for his store.
He paid more money for tho property
than had ever been paid before for a
store building site-. Mr. Altman said
tha' it might bo some years In coming,
but Fifth avenue was the next shop
ping centre of New York. Altman had
no need of leaving Sixth nvenue at the)
time In did, for ho was doing u tiemen
dous trade. Mr. Altman paid many
millions for n site on Fifth avenue.
Kvery one can hee to-day that this
shrewd business man knew what he wus
doiiK for Fifth nvenuu to-day is not
only, the greatest shopping strict In
New York, but Is j.ald to lead all others
In the world.
Tin Altmnn store is assessed tills year
at $11, 450.000, which Is only a few mlll
Irn shot of the valuation placed on the
Gr.ai.d Central Station, the most nlu
nble structure In tho city, according to
the Tax Department. McCreery's were
the next lo leave for the new shopping
centre They lo.oitod on Thirty-fourth
street, in ir Fiftli avenue. After that
i w.i o.ie Hrr.i after another- S.ern
llro.. Lord Taylor. Vantlne, and now
Ainoltl-Conxlalile. of the big stores that
used M be near the Twenty-third streel
What the move from the old district
i the new means In dollars Is hard to
measure. The tax books, which are about
the only means nvalluble for oven ap
proximating the loss to one district and
the gain to unother by the shifting of
the department store district, show that
property allies this year In the old dis
trict are $3,000,000 less than last, year,
while the new district hns Increased
$13,000,000. The loss of value In tho last
half dozen years In Hio old zone Is enor
mous. The Increase In the new zone
Is ellrectly duo to 'big department stores
locating there. Hnd Altmnn. Lord
Taylor, McCrccry, Glmbtls, Mucy's,
Saks, Stern llros. and others located
elsewhere there would not hnvo been so
much building In That district.
Dwellings are cither coming down to
malte way for business buildings or ore
bidng altered for trade purposes. Whnt
tho big .itores liave meant to the now
zono may be gained by the fact that the
city values these establishments at $31 -(178,000..
The Altman ntnro heads the
list as the most value. It is assessed
this year at $1 1,150,000; Lord & Taylor
is next, with a valuation nf $7,730,000
GlinbelH, $7,000,000; Mney's, $6,800,000.
McCroery, $3.S0O,000, Saks, $3,000,000
Arnold-tVmstable, $2,530,000; Ronwit.
Teller ,t Co., $2,050,000; Franklin
Simon & Co., $1,318,000, and Vantlne
HOME BUILDING IN QUEENS.
nntldrrs Aelvr In Man? heetloaa
The cost of building operations !n
Queens last week was $2?7.O00, which Is
equal to tho operations for the same
period of 1313. In the applications pre
sented to tli building bureau were 6J
In the Wogdlmven and Hldowood sec
tions there nro to bo erected many stores
nnd tenements. The T. R. Construction
Company will erect three story buildings
with stores on the gtound floor and
apartments nbove on Rldgcwood avenue,
west of Ferry street, Woodhaven. Joseph
Mecrroso will commence nil Important
development on Forest avenue, south of
Madison street, IlidKCWOOti, in ine erec
tion of stores and tenements, and In the
Jamaica section Daniel Orege Will erect
two story brick stores and tenomcnts on
Henry street, near South street. F.ach
is to cost $0,000.
The American Hard Rubber Company
of Collego Point, which several weeks
ago took out the first permits for dwell
ings to be erected for the occupancy of
the company's employees, has taken out
permits for additional dwellings. They
will be nlso rnr tne occupancy or tneir
employees. These dwellings will be two
stories, of btlek, and will cost $4,000
each. They will be on Third avenue,
west of Fifth street.
O. Mlllnn will commence tho erection
of n number nf one atory frame bun
galowN on Undine avenue, south of the
boulevard. Rockawny Reach, at a cost of
$600 each. This Is the third bumralow
development to bo started In tho Rock
aways this month.
REALTY MEN SHOW CITY
HOW TO SAVE EXPENSES
Make Siip'ffestions for Ueducinp;
Some Snliiries ami Elim
Italian Villa at White Plains Sold to Brooklyn
Man---Formerly a Barn in Fine Development's Path
li ;i i .'la of W'l!lti-i! N'ell Smith
ti -t W'li'e I"- u , nt the 0.1K
ii'i. :e, list week, SeV
. -i i l.i. SciuMalo Hstates
. Li. M'n,- wh.'h was prictlcally
" mile' protect the northerly
i ib. one of their choice
,' i.,..nPj The employed Will-I
mi.i'i to reiniKii I the structure, ,
I jm'Hi be'iiine so attached to the I
' -.i Ii" pirchnKcd tl prior lo Its I
Hi eliminated the objections
1 1 conlilcnible 'line nnd
i 'i -Ling out his own ideas,
' ' ivi-e u distinctively foreign III
'm. v illi the red ll'lteil tile char
' or Italian, Spanish, Mexican
I'f'irn.aii uiehtteetiire ll has n
t r .en nc.d fountain and c om-
1 ' nn unusually linn view of to sur
f'Ui ''ne country. A deep fence sin
r'Ut. la ii, ouiiiiiiMiliiiT In an old gate (
'HV ThprA 1 u umiltMif Mini lie III the
feid, nnd nil around tho lesldences lire
Urturctriiie cednrs of Lebanon, Thu home
Is 011 OnO-thlrd Of an ncre or groiin j, , nun llie purcnasei HI iiraur . nriitun i ine imnna'c inr 11 I'CIIUH nniu -
has n gar.igo and hns been hold at II?,- of HrooUljn, who ha-- been occupying buying It.
ll ' l
If the Hoard of Kstlmato and Ap
portionment acts on tho puggestlons of
the Heal Estate Hoard of New York in
maklw? up the budget for next year
thero will 1k a gonulno saving to tax
payers, for tho Heal Kstnto Hoard has
gone through tho various city olllce.i
most minutely and has demonstrated to
tho Hoard of Kstlmato that thero nre
many places where considerable BavlngB
can be made. ThoFO suggestions nre
being Incorporated in reports made to
a sub-oommitteo of tho Hoard of Kstl
mato which Is holding dally hearings
on the de-mands of department heads for
funds for the next year.
In Its demnnds for less llbernl appro
nriatlons for departmental salaries tho
Heal Kstate Hoard has based most of
Its claims on rompirlsons with salaries
paid to men in commercial houses. It
htm been found, for instance, that thero
arc great numbers of clerks In all do
partmenlti w,ho receive salaries of $2,000
and upward who do work no more dim.
cult than that for which clerks in com
mercial houses ore paid lower salarlea.
The report of the Ileal Kstato Hoard
Indicates that tho city Is greatly ovcr
suppltcd with such employees.
Complaint b made against tho County
Clerk's office thnt It closes generally at
2 o'clock nnd at lli on Saturdays. Tho
board suggests that If tho methods In
vnguo In the Comptroller's ofllco and
many o'.her city departments whereby
employees are liept teadly at work
front 'J to 5 wero applied to county
olllces there could euslly bo it reduc
tion of 30 per cent. In tho number of
All couiny clorks except the County
Clerk of Itlchmnnd Hsk for a counsel,
Tho realty boards nys this must bo
n purely honorary olllte, und tho imlnrhH
paid ore u clear waste of public money.
The County Clerk should bo competent
to perform the duties of his oilier with
out outside iidvlco when It Is remem
bered that he receives from $3,000 n
year in Klchmnnd, where ho Ihih no
counsel, to Jlu.ooo n year In Manhattan
The Heal KHtatn Hoard has made a
kick against the salary of the attendant
to the Appellate Division of tho Su
preme Court, who besides receiving
Jl.fOO in eslary works live days a
week unci grots ahout threo months
vacation. Tltay say a policeman after
sover.al years receives only $1,100 and
he does not have the cinch Job the
court attendant has. Tho board also
objects to a crier and assistant crier to
tho court, claiming that the presiding
Judge can be his own crier In tho In
terest of economy. Objection also is
made to the salaried paid Supreme
Court library employees, and tho board
wants to know why there should be
court librarians nnyhow, when each
Judge Is given a personal clerk to do
Coroners the Ileal Kstato Hoard
wants abolished anil asks tho Hoard of
Kstlmato to have the Legislature
scratch them off the rlty payroll. Dis
trict Attorneys' olllces In nil boroughs
are places where the Ileal Kstate Hoard
would prune. Cnmplnint Is made against
the growing number of assistants nnd
deputies at nl.trles rnnging from $-,00C
to $S,000, It Is said that prices pnlcT
them are entirely out of proportion t(
the valuo of their services In man;
Tne budget commlttre of the Hoard
of estimate Is asked to look closely at
the demand of the Street Cleaning De
partment to see thnt drivers who re
ceive $17.30 do not get more and that
costly experiment In street cleaning
are not tried nt a time when economy
Is essential. Of the Law Department
the same criticism is matt as of most
other departments, that tlio city pays
more for services than Is paid for sim
ilar fervlees In e-omnicrelnl life. Com
plalrjt Is made of tho large number of
assistants nnd tho budget committee H
nsked to have tho Corporation Counsel
show tho need of them.
"While tho Heal Kstate Hoard chal
lenges the Surrogates' Courts on the
high salaries paid to most employees
for purely routine work. It makes spe
cial mention of tho ofllce of chief clerk
In tho Surrogate's ofllco In Hrooklyn,
which curries a salary of $?,000 a year
with It TIiIb U ono Job at a sulary
thut tne real estate people cannot fee
nt all, nnd they wRnt to know why a
Hurrofciito's clerk should receive such
nn amount when the Secretary of State
lit Now York gets only $il,000, as docs
tho State Treiifiirer and the Comptroller
of tho Currctu y Chief clerks In the
Department of Stato nt Washington
Ijiw Department, Treanury Department
nnd Department of Agriculture rccelvo
$3,000, 1,000, 11,000 nnd $3,000 respec
tively, and many Onvernnrs of States
take down $3,500 or even less a year
These nro only u few of the places
wlicro the Ileal Kstnto Hoard wants
tho city fathers to use tho pruning
knife, They aro bupy every day show
ing tho budget committee plenty more
Jobs thnt they think could ho dispensed
with without hurting the clty'H husl
iipsb, or at lenit tho salaries could t
REALTY CONVENTION HERE.
I'p-Mntc Itenltj .Men to Hold Tin
New York rlt is to have its first real
estate convention on tho lGth and lTth nt
the Hotel Astor. Members of the Heal
Kstntu Association of the Slnto of New
York to the number of 200 will e'oiiie to
the metropolis from such up-State cities
ns Huffnlo, Albany, Hochester, Syracuse,
t'tlca, Watertown and Ogdeiishurg und
with the real estate nu n of New York cltv
will get toyettvr in whnt should be one of
the mtst Important gatherings of real
estntn men ever held.
The New Vork Heal K-tate Hoard and
the Merchants Afsoclahon of New York
city Ii.imi already signified their Intention
of coop' rating with tho local membcis In
New York cltv of the New York State
lleol Kstato Asjoelntloi to make the con
entlnii the moHt notable ono In tho his
tory of the organization.
Thu (list day's session will be devoted
to registration, the reading of reports o"
various committee and discissions ol
topics of luteiest to the teal estate men ol
New York city. Chief among these la tht
proposed bill for the licensing of real
fl.it" lookeis throughout tho State.
Dn the second day of the convention
papers will bo read on technical subjects
and In the eienlng the convention will end
with the nnniial 1niniiet.
1'iisldciit Sliallcross of the National
Association of Heal FMato Kxchanges, tho
preside til of the Boston Ileal Kstate T
change. President Mcllulre nf the New
York Heal Kstato Hoard nml represents
tlvis of the Merchants Association and
the city government are oxpe-cted to bn
among tho speakers.
LIQUOR MEN MAY GET CHURCH.
II I at lor I nloii I'reili) lerliin nt l.ex.
Aii, nml Ntltli SI, .Vliiy He Accepted.
The First Union Preshyterlan Church,
nt the northwest corner of Lexington ave
nue and IClKhty-slxth Btreet, which Is for
sile, may be acquired by onu of the big
brewing companies as a site for a hotel
nnd cafe. An express station Is to bo at
that corner on the Lexington nvenue sub
way and from closo study of conditions
along tho line the br wery compniles
hnvo concluded that the site of Union
Church will be tho best on the route.
For thnt reason hU offers have been
mnde for the edillce. which slnco tunnel,
ling under the nvenue began has not
been any too safe. A year ngo cracks i ere
noticed In the tower and aubway build
ers hnd to Mop irk until they wero re
paired. Tho church will not bo sold -llnunr
men If trnsonablo offers from
others nro obtained,
TO WINTKK IN Till". Ctir.VTHY.
From the repnru received of tho In
creased number of families. Intending to
Rive up their city Iiousoh nnd lite nt
Hilghtw ill -s nil the year It Is to le
Judged thut this wlntir the colony will
fully double last winter's icsldtnts In
number. This Is In line with tho economy
people seem to Iki alert to Just now bv
krpplng their country houtea open Instead
of their city homes.