Newspaper Page Text
BIG OFFICE BUILDINGS,
What It Costs to Run Them and
What Rental They Bring
The Mills Building The Best P.y
ing Structure in New
The Big Pulitzer Structure, Highest in
the World of Its Klnd-A Pro
[Written for Tau HELENA INDEPNsDENT.i
HE INCOME FROM 140 OFFICE
buildings in New York city, compris
ing, of course, all of the largest and a
considerable number, if not all, of the
downtown buildings constructed solely for
office purposes, is said to be from $8,000,000
to $10,000.000 annually."
. With this statement one of the leading
real estate men of New York introduced his
remarks to me on the subject of incomes of
"When a capitalist starts out to put up
an immense office structure he is going to
figure to secure at least five per cent. on his
investment," he continued. "With this in
view he buys his land'as near to the office
seeking community as possible, and then
puts up a building which will net him at
least $2 a square foot of occupied room per
year, and if possible as high as $3 and $4.
There are few places in New York city where
the rental income of any building is as
high as this latter figure. At the corner of
Wall and Broad streets, along Wall street
and within a radius of a block or -two of
that section, it is generally believed that
the income is a high as $4 a foot. In fact,
the bulk of the income from office build
ings on Broadway does not equal the in
come of the comparatively few big build
ings on Wall and Broad streets."
Real estate men credit the Mills building
with making more money 'for its owner
TEE EQUITABLE BUILDGKO ON BROADWAY.
than any single structure in the sity', not
excepting the Equitable building, with its
840 rooms. The net income from the Mills
building is placed at $150,000 a year, while
the total structure, with the land upon
which it stands, cost something like
$2,500,000. This means a net income
on the capital invested of six per
cent. It is in this building that ex-Presi
dent Grover Cleveland occupies a suite of
rooms for which he pays something like
$3,000 a year. The offices occupied by
William M. Ivins bring still more than
that, while ex-Secretary Whitney and Dan
Lamont pay $4,000 on the fourth floor of
that building for a very small suite of
The largest office building in the country
is, of course, the Equitable, on Broadway.
It covers an area of nearly an acre and the
central tower rises to a height of 172 feet
from the ground. The building occupies
an entire block with the exception of the
Nassau street corners. It has a frontage
on Broadway of 167 feet, 224 on Cedar, 224
on Pine, and forty-six and one-half on
The actual cost of construction has never
been given out, but it was close to $2,0C0,
000. The income to the Equitable Life In
surance company, above and beyond all ex
penses, is said to be in the neighlborhood of
$300,000. Conservative real estate men
figure that this is perhaps four per cent on
the present valuation of the building and
Next to the Mills building, in point of in
come from investment, comes that owned
by Madame Boreel, just opposite the Equit
able, on Broadway. The land was bought
when values were low, and the building was
put up during the panic of 1873 and 1874,
when material was at the lowest point in
the history of the building trade of the last
thirty years. The income of $30,000 a year
keeps its owner in spending money during
her stay aborad.
The effort to put up a building in which
the rental price is under $2 a foot of actual
space occupied has almost invariably met
with failure. Such well known real estate
men as E. A. Cruikshank and Horace S.
Ely say that it is simply impossible to run
an office building, with success financially,
unless the rental is $1.50 per foot for every
Efforts are, of course, made to get at this
desideratum by building as high into the
air as the law allows. With this end in
view the twenty-six story building, which is
r,Býý P e P ý , co
'I' ` r1 . ~n n n n
Fri nn ý!
THE PROPOSED TWENTY-SIX STORIY 13UILDING
AT TIHE FOOT OF BIOAIDWAY.
to go uno on lower Broadway, facing Battery
place, and fronting also on G(eenwich
street, hais been designed by Architect
Dinkelberg. It is to be the largest business
building in the world and will also take
first rank among the tall structures of
both continents. From the top of
the twenty-story main structure a great
tower will lift its copper dome to an alti
tude of tiN) feet above the street level.
There will be over 1.0) offices on the
twenty.six floors, all of which will be open
to light and air. The tower is to be a use
ful adjunct, for it will contain offices on
six floors. The total cost of the building
will be $4,000,000.
It is believed that the income of the
building will be $300,000, while the ex
penses of running it are estimated at 220.
000 annually, outslde of taxes nd insur
A.t present the highest office buillding in
oxistence is the P'ulitzer structure, whlcll
rises 075 feet above the level of the street.
The total number of roms in the building
is 230, of which seventy-nine are ooaupied
by the World and the remainder are let for
business purposes. ' It is said that the gross
income,- exclusive of the World department,
is $174,000 a year.
Ais .ng the latest buildincs to Ao up is
that, of the Jersey Central on ldiberty street,
w\hibhois said to have anl inbome of close to
$75,000 a year. Then there is the new of
tico building on the corner of Broad and
N. J. CENT'RAL RAILROAD OFFICE BIUII.iNG.
Beaver streets, owned by Mrs. John A.
I1o:ris, which is said to have a net income
of over $50,000. The Edison building, on
Broad street, is another one of the new of
fice buildings to go up in the search for
Real estate men place the incomes of the
Mechanics' Bank building, corner of Wil
liams and Wall streets; of the Central
Trust, on Hanover street. of the United
States Trust company, on Wall street, and
of the Cotton Exchange, at all the way
from $50.000 to $100,000 annually.
Temple court is one of the most success
ful office buildings in the United States. It
is s+id to come next to the Equitable and
Mills buildings in the gross income, al
though actual figures havenever been given
It will interest the public to know what it
costs to run a building like the Equitable,
the Mills, the Potter, the Times, the Tri
bune, the World, or Temple Court. It will
be remembered, perhaps, that ex-Alderman
Cleary, when on the stand during the
boodle trial, announced that his income
as janitor of the Equitable building was
over $7,000 a year. In other words, Mr.
Cleary, who is still the janitor, is given
a fixed sum for running the help in the
building and makes, or rather made, as
much as he could out of the arrangement.
The salary of the engineer in the Equitable
building is said to be something like $2,000
a year. Under him are two assistants and
three firemen. There are ten elevators in
the building and the cost of running these
is placed at $5,000 a year. The water bill in
the Equitable is understood to average over
$1,000 a year, while the consumption of
coal, which, of course, covers the
lighting expense, is over 2 000 tons per year
Thus figuring up these heavy expenses, to
gether with the ordinary help in the build
ing. such as scrub women and sweepers.
overseers, etc., and the total expense will
be found to be not short of $20,000 it year.
In the Aldrich buildings, on Broadway,
the expenses are placed at about $12,000 for
THE EDISON BUILDING.
each of the structures. In Aldrich Court
there are 273 rooms and in the corner building
230. The water bill for these buildings last
year was $450, while the consumption of
coal was about 800 tons.
The next excursion for California, which
have become so popular via the Union Pa
cific system, will leave Helena Monday,
hound trip tickets, good going sixty day s
with final limit six months, will be sold as
San Francisco, $75; Los Angeles, $88;
The above rates apply for tickets going and
returning same route. Choice of routes re
turning will be given at low rates.
The Union P'acific is the shortest and
much quicker route, and by far the most
preferable in winter.
Sleeping ear reservations may be secured
I through, and full information obtained by
calling on or addressing
H. 0. W I soN,
Freight and Passenger Agent,
No. 28 North Main St., Helena, Mont.
Excursion Rates to California.
On the 15th of each mouth the Northern
Pacific railroad will sell round trip tickets
to California points as follows:
Helena to San Francisco and return, go
ing via Portland and returning same way,
To San Francisco, going via Portland
and returning via Ogden and Silver Bow,
To Los Angeles, going and returning via
Portland, entering Ban Francisco in one
direction either going or returning, $.9.
To Los Angeles, going via Portland and
San Francisco and returning same route,
To Los Angeles, going via Portland and
San Francisco and returning via Sacra
mento and Ogden, $h.l.50.
Tickets will be limited for sixty days for
going passage, with return at any time
within the final limit of six months.
A. D. ElkAaI, (eun. Agt., Helena. Mont.
CHAs. S. Fr(i, G. P. & T. A., St. Paul, Minn.
Master of human destiny am I,
Fame, love and fortune on oay footsteps
Cities and fields I walk. I penetrate
Deserts and seas remote, and passing by
Hovel and mart and palace, soon or late
1 knock unbidden once at every gate.
If sleeping, wake: if ful:tiea rise before
1 turn away. It is the hour of state
And they who followmo reach every state
Mortals desire, and conquer every foe
Bave death; but those who doubt or heei
Condemned to failure, penury and woe
Seek me in vain and uselessly implore;
I answer not, and I ieturn no more.
.INo. J. INOAl.s.
But fail ye not in this respect.
Seize every opportunity to travel
r Over the Chicago, Milwaukee & St. Pant
' This is the advice of
Ga (FO. I. I.rAFFOIRD.
General Passenger Agent, Chicago, Ill.
Are You SuRering
From back ache. lunlammation of the blad
der, driek dust deposit or stone in the blad
e der, or in fact any derangement of the
a kidneys or urinary organs? If thus afflicted
do not lose time and waste money on worth
n less liniments and worse plasters, but strike
g at the seat of the dioseas at once by using
the greatestof all known remedies, the cel
e ebrated Oregon Kidney Tea. Pleasant to
take, purely vegetable. SBtisfaction every
Heitna's Leading Business Houses.
THE NEW YORK DRY GOODS 8TORLl
Main and Statostreta ,
S Latest Goods From the Fast.
Biook Unsurpased in the Northwest.
Costomes From Paris.
Every Department Complete in All Details.
Dealers in Dry Goods, Carpets and Fine FancO
FOWLF.' CAbHI STORE.
Broadway. Opposite Independent Omice
The Leading Millinery, Notion and Fancy Dr2
Goods Store in the Ciry.
CROCKERY AND CRINA.
F. J. EDWARDS.
19 South Main Street.
Dealer in Fine China Crockery and Glasware.
Silverware, Tinware, Lampse et.
Main Street, foot of Broadway.
Coats, Jackets, Capes, Mafif.
Gentlemen's Fine Furnishing Goods.
THE GUARDIAN ASSURANCE CoMPANY,
L. F. Lacroix, Agent.
Capital paid in, $5,000,0oer 300000
Assets over 523.000.000.
PAPER HANGERS AND DECORATORS.
O J. IHOLMES.
22 North Main Street.
Practical Interior Decorator in Fresco and Wall
Leading Dealer in Paper Hangings and Room
Monldings, Store. Office and House Window
Shades, Curtain Poles,. etc.
J. L. SMITH.
Ofice at J. Feldberg's Stoe.
And at the Depot.
SADDLE AND HARNESS MAKERS.
Stock Saddles, Stockmen's Equipments,
Harness of Every Description. eta.
17 North Main Street, Helena, Montans.
LEG AL BLANKS.
CRAIG & DAVIDSON.
Postoffice Box 777.
Complete line Legal Blanks of every description
CHICAGO 11ON WORKS.
Meno Unziokor. Western Representative.
4 North Main Street.
Builders of General Mining and Milling
C. B. LEBKICIIER.
Herald Building, Broadway.
Blank Books made to order.
Eooku Ruled and Printed.
EDWARD C. IRUSSELL
I lttaburgh Blook.
Social Attention Paid to Patent Businoes.
PIRODUCE AND FRESil FRUITS.
IINDBAY & CO.
20 and 22 Edwards Street.
Wholesale and Retail Fraite and Produe.
SALADE & Ill"l'PR.L)DIE'/IL,
Practical C(uon f.rctioners.
1 Sounth Main Mtroet, Helena.
Make ohoice high grade goods only.
Orders for ('akoy, Ic('rearn and Fruit tle, re
ceivo our rlost prompt attention.
III'..lSER., AND l ;iAS FTI'TEIR..
D JNOGIIjUE & McCAI:'TIIY.
at Park Avenue.
I'hlmbtro andl (as Fitters.
Sanitary Work a npncialty.
Jobbing Promptly Attondtod to.
f. L. MII,Ii,.
ouraorymran and L.andscnDo Gardenr.
Ilotel I'ark Nureory.
ARTHUR P. oURTIN.
The Leading Furniture RHousen Montene.
Furniture, Car . ll Ppr, House Fur
te i5itg tieoode.
Music Department complete in every detail
JR. SANFOBD. -
Furniture. Carpets, Shade., Lace and Chenille
C B. JACQUEMIN & Co.
Leading Jewelers and Silversmiths
Dealers in Diamondc',Montann 8Sappires, Gar.
nets and Other Precious Stones.
Cut Glass, Crystal and Solid Silverware, Pianos,
Clocks. Bronzes, Art Goode. Vases.
HELENA JEWELRY CO.
Power Block. Sixth Avenue.
Fine Watches. Jewelry and Silverware.
Jewelry Manufacturing and Watch Repairing
COAL AND WOOD.
SAND COULEE COAL COMPANY.
E. C. Perret, Agent.
Lump Coal, $5.25" Nut, $3.50 per ton by car and
o in email quantities; extra stove
coall $7 er ton.
Telephone 101. Uptown Office in Motor Block,
HIELENA LUMBER COMPANY.
Agent for Galt Coal.
The Best Fuel in the Market.
Cit Office, Boom 8, Thompson Blook.
H. B. PALMER,
Dealer in Investment Securities.
Monqy to Loan.
Purchasee County. School and Municipal Bonds
and Warrants. Commercial Paper and
10 Edwards St.. Merchants National Bank Bldg.
BOOTS AND SHOES.
124 South Main Street. opposite foot of Wood
Street, in Ieople's Loan Office.
Boot and Shoe Maker.
Repairs Neatly Made.
NEW ENGLAND SHOE STORK
11 South Main Street.
Full lines Men's. Ladies' and Children's Goode.
MINING AND FARM MIACHINERY.
T. C. POWER & CO..
Main Street and Helena Avenue
jobbers and Dealers in Mining and Farm
6team Boilers. Pumps and Hoists, Wire Hoisting
Rope, Quartz, Lumbar and.larm Wagons.
Brown's Patent and Mane Bob S!edr
GUN AND LOCKSMITHS.
CHARBLES T. MORRLLL,
Practical Gun and Locksmith.
Manufacturer. of and Dealer in Guns, Rifles and
All kinds of Sporting Goods.'
Silver. nicLle and gold plating and oxidizing.
(Guns made to order and ropraire:l. Safe work,
lock work and key fitting. All kinds of repair
ing promptly done. 17 North Main street.
Helena. Mont., opposite Grand Central Hotel.
The Bon Ton Tailor.
Fine line of Gents' Furnishing Goods.. Suits
Made to order.
Business Suits. $0 up. Pants. $a up. Dress
Suits. 17t up. Dress Pants. $11 up.
All work guaranteci and catisfaction assured.
107 8. Main st., International lHotel Building.
... .......-- .---' -"7-_ --.-"-"
REIBOLD & CO.
Staple and Fancy Grocers.
And Dealers in Hay and Grain.
No. 15 Bridge Street
Telephone No. 1093.,
A. B. GATES GROCERY CO.
Bole Hlelena Agents for
Richmond Creamery Battes.
BACH, CORY & CO.
Sixth Avenue and Main Streets.
Wholesale and (Retail Grocers.
The Largret and liest Stock Carried in the
Fine Cigars and Candles.
MARES &o FISHER.
110 Broadway. liolana, Montana
Choice outs of Fresh Mogt+. L'rd and Sausage
alwaya yrn hand.
TL. MA1T11RWI .
Wholesale and Bae .and UDalrs in Fresh eatt
Lard am1 NnoagO.
40:5 North Park.
BRIOADIWAY 11 ATI' MAK 111 I.
John J. Back. IProrirtor.
WVolesale and lIlc tnilooldor in Irmrh Moats.
Poultry. kIat, ond (Jinu .
T I'eli~pbune Io'
FIRST NATIONAL BANK.
surplus and Pp ti, $ a00.0,
United State Depoaltorr.
S. T. Hanser; President,. W. . h, ashier.
, . W. Knlght. Cashier.
TZ'. I. Klseauohnidt. Amairstst Cshier.
T. H. Kl G 1o .ll. wond Aslstanu t Cashier.
SECOND NATIONAL BANK
Paid Up Capital, S7LOO0
Surplus and Profits. 25,000.
E. D. Edgerton. President.
C. K. Cole Vise President.
Geo. ii. Child. Casehier.
Joseph N. Kenok. Aes't Cashier.
THE AMERICAN NATIONAL BANK.
T. . Power, President.
A. J. tSeligman, Vice President.
A. C. Johnson. Cashier.
George F. Cope, Ass't Cashier
Interest Allowed on Time Deposits.
THE THOMAS CRUSE SAVINGS BANK.
Pain In Capital, $100,000.
Thee. Crus, President.
Frank K. Cross. Vice President
Wm. J. Cook, Aes't Treas. and Seo'y.
Wm. J. Sweeney, Treasurer.
Four Per Cent. Interest on Saving3 Deposits.
CompoundedJuly and January.
MONTANA NATIONAL BANK.
Capital Paid ln, $500.000.
Surplus and Profits, 51200,00.
United Statee Depository.
C. A. Broadwater, President.
L G. Phelps. Vice President.
10. L. MoCulloh, Cashier.
A. L. Smith. Assistant Cashier.
MERCHANTS NATIONAL BANK.
Paid Up Capital, $50,000.
Surplus and Profits, $00,000.
United States Depository.
L. IL Herehfield, President.
A. J. Davidson. Vice President.
Aaron Hershfield, Cashier.
WHOLESALE AND RETAIL LIQUORS.
Wholesale and Retail Dealers in
Straight Kentucky Whiskies.
Imported and Domsatio Wines, Liquoors, Cigar
No. 15 North -'a- ":reet. eclona. Iontaua.
SWISE & GOODKIND.
Seventh Avenue and Main Street,
Wholeesale Dealers in Wine., Liquors and Cigars
THE BRISTOL. -
Corner S, Main and State Streets.,
Gas, Electric Light, Steam Heat and Elevator
Street Cars To and From All Depots Every
Finlay Urquhart, Prop.
T HE COSMOPOLITAN.
Rooms 50c. 75c and $1. "Meals 25c.
Sample RoomB for Commercial Travelers.
H. C. Eurgard. Proprietor.
511 and 513 North Main Street.
European Hotel and Restaurant. Booms, 50H.
75c, $1, $1.25 and $1.50 per day.
Regular meiale 2..C.
Regular meal hours: Breakfast, 6 to 9 a. m.
dinner. 11:30 a. m. to2 p. m.: copper. 5:30 to 10 p.
m. Meals cooked to order at, all hours. Spocial
rates by week or month. Modern conveniences.
D. A. McDonald. proprietor.
MINERAL SPRINGS HOTEL.
Marcus Lissner. Proprietor.
First Class in Every Respect.
Ra'e3 $2 Per Day and Upwards
The Celebrated Mineral Spring Water Used
W INDSOR HOUSE.
411-417 North Main Street.
European and American Pians.
Rales $1.25 to $5.00 Per Day.
A. P. Gincherean, Proprietor.
HELENA BOTTLIN G WORKS,
827-329 Water Street.
Merritt & Co., Proprietors.
Manufacturers and Wholesale Dealers in Soda
Water, Root Beer, Ginger Ale, Seltzer Water.
Orders by mail receive prompt attention.
THE BEE HIVE,
Sol. Genzerer & Co,
5 North Main Street.
Fancy Articles of every decrilption. The larg
est and most comnplete I)oepartment
Store in illena. .A
CAPITAL CITY MUSIC CO.
(D. B. Howe. V. B. Howe.)
Exclusive Music House.
822 Ninth avenue.
VAL BLATZ lRIEWING CO..
Wholesale Dealers in Milwaukee
Miller & Co., I'roprletor.
Office 65 South Main Street.
Brewers and bottlers of first quality Beer.
Shipped to all railroad points in Montana.
CLOTHIIERB AND GENTS' FURNIBHSERB.
GANS & KLEIN.
Broadway and Main Street.
Finest Store Best Goods and Largest Stook ia
Clothing for oMai Boa ao-d Oh odren. t.
Faionatble Joreign NoveltuM
lise Floors Full of New Goods.
LOE. & B O'
85 . Main Street.
Clothing, Boots and Shoes, Hats and Furnishinl
Goods, Blankets and Quilts.
The Only Cash Clothing Store in Helena.
REED, CRAIG & SMITH CO.
Dealers In Fine Neokwear, Hosiery, Underwear.
Mufflers. Traveling Cases, Eta.
Fine Shirts Made to Order.
TqHE BOSTON CLOTHING COMPANY
28-25 South Main Btre:t.
Fine Clothing and Gentlomen's Furnishing
Etook Large and Adapted to Every Need.
Wh lesale and Retail Dealer In
Road) .ade Clothing and Gentg' Furnishing
Cut Sate Railroad Ticket Office.
55 South Main Street, Helena, Mont.
Tickets Bought, Sold and Exchanged.
Member Guarantee Ticket Brokers' Association.
PEOPLES LUAN OFFICE.
124 Sooth Main Street.
Money Advanced on All Personal Property.
Unredeemedl 'ledge, Consisting of Clothing,
Watches. Diamonds. (,une, Pistol, Etc.
P. O. Box 535, Helena, Montana.
UNCLE SAM'S LOAN OFFICE CO.
Corner Main and Wall Streets.
(Old First iational Bank Building.)
Money Loaned at I ow late of Interest on All
iinda of Collateral.
$10,000 in Unredeemed Pledges For Sala
Railroad Tickets PIovght and Sold.
MONTANA MARBLE WORKS.
Lower Main Street.
O. F. Smith, Proprietor.
Manufacturer of American and Italian Marble
Cemetery work c.:cuted in the neatest style.
CRUTCHER & GARLAND.
(T. E. Crutcher, 11. C. Garland)
Attorneys at Law.
BIooms 7 and 8, Bailey Blook.
Mininv, corporation and real estal O law sDeolal.
See. Will practice in all the state courts, in the
United States supremo court and before all the
lepartmeuts is Washlngt.on city. iln connectlio
with Hun. A. I. t arhnad. late attorney general.
ASIIHBUIIN K. BARIIBIOUR.
Attorney and Counsellor at IA~
Masonic Temple, Holena. Mont.
Attorney and Counsellor at Law.
Will practico in all courts of record In the
state. Office in Gold Block. Helena, Mont.
8IZER & KEERL,
Civil and Mining Engineers.
f. n. DUeaty Mineral S-uveyors. Mineral pat.
ents securcd. Roosm 12-13. Atlas Building, Heol
DR. M. ROCKM.AN.
Physiacan. Surgeon, Accoueher, Oonllat, Anrist.
Member of San Francisco Medical Society,
also Neva:da s tte i Medical Society. Office oa
.ain street. ocar Steiumelz Jewelry StBore.
THE RENOWNED ENGLISH REMEDY
INFALLIBLE CURE FOR
BRAIN TROUBLE AND
No mstttr from what cause. Contains no min
erae. Price $1. Wholesale and retail druggisti
suoply the, demand,.
lDepoitor: for the United States and Canada:
1'3 ,at. iTlrtirethl street. Now York.
T're Spctiii cnn be aent by mail sealed on re
ceipt of money.
AI K. RESCTT,
g -~Dealer i.
* HIELENA. - QI
NOTICE TO CO-OWNE1B--IELENA LEWI5
1 od .1arke' county M N , Mota, n .7,1 189t.
'10 lls \\iblv, or to wlhom it may oonwern:
You are hereby nolified that I lhave expendeduo
thlouand nine hundred (8I.90) dollars, in labor
and improvt en nt upon the west. fifty fnet of
No. 3 Wrs. and the uet fifty feot of No. 4 West.
on the Mclntyra lode in Owyhee minimng district.
Lewis and Clarke county. Montana, (said parosli
of (round beoing bontuddl to the ast by lot :8
"C ~adl on the woot, by 8 "D", UJnited Hitates
patents on satd Melntyre lode) it order to hold
raid p:emise, nnder the provielons of section
21214, revised statntes of the Unitedl Staturl. boinw
the amount retquiret to hold tihe same for the
years. 1813, 1814. 187i. 1878. 1877, 1878, 1870. 1tO,
188:, lbS 1888, 18'31, 18,5, 188. 1t97, 1888. 188,.
1 l. 1801.
And if within ninety days after this notice by
publication, you fail or refoO to contribute your
proportion of such expauditrn as a co-owner,
ltour interest in said claim will be tihe property
of the subscriber nunder section .1I1.
Date of tirst publication Nov. 7. 1891.