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FINANCIAL AND CLASSIFIED Ito $01$ &ritw?ie REAL ESTATE FINANCIAL AND CLASSiFIE PART IV. EIGHT PAGES. NEW YORK, SUNDAY, MAY :,. ii>U. PART IV CIGHT PAGES. PICTURESQUE w? RESIDENTIAL PARK NEV JERSEY \&7 -Sa* ?JL' OF ML LAKES PARS Within Three Years Over 200 Houses Have Been Built on Tract. ACRE COLONY FOR ULTURED PERSONS I Pia and Resource! I toss of Projectors. " ? ? pn - tiitii. ? I i In tl ? of 1 - i . N" .1 . " ? ?? ! II ' ". thla . ml In lowing >e.n- ' ?action lasd under t BCt I ranlnenl lands apa i ? ? ? ot? mlent of build? n to develop the proper! Twenty-flve hoasea were ?-tarted that ciihout a customer in ?-iKlit- Thla ? . to BOOM degree the confl-1 I had le tin ???ture of Itlful section of Ni S !- BJ Ko effort v.a^ made to | the b'frlnning of 1811, when the ? epartment had compli ?I also a ?ratai m st. m ? I IBS was Bold i ieil at , Lakes in December, 181 >lnce then the d?jvelopment has prog -fully la-day Uk ps an ow r -t Of WlllCll R?e C" . I 1 ? r, 1811, IBS state and county ? 1 th? main boulevard. uatlceB Ama it<. * ' lea waa ? through the . paralleling the Morris County . onipanv's line. The road was B state and county highway. I formt s Of the most beau ?,-?? ? i . i ?da connecting See Park with New York. h " ? s- of 1911 a: rangements were fcafle wit] th? l.ackawanna Railroad. Corrj. ? ? ? , .- .? ; <,n ?if a tie?, Sea ? <?,! the following yasr. This Bttlng Minutos to one C? |SM - koms parks In three years' time a vast lasa OSd int.. a . i;, it- two lakes?. ? . wat. rwajr, r.es -.i.-ti'i?* rus raosi I r plat? BUI a ?ti. ti:- ?r vvirnl Bmall | \ .-- ! ? ???-.. ....... are to i" olag ooua ?/all? gS rilen BSd lake?-, wltbtS lefs . ? New York, equals the Berkf.ru!? M BSBChnsstta It also . taarl ? la a every pis thla property wa# I ? a trying ont , c- ?H UaMM plans Is an Index of tho en y? : I e ami m/ f H ?I. HspgOOd, projector " ? Hmst ? ? ? ?? anil opportunities for ??ment of i ? ? country lit a. - . . ,. . . m? p.irk ?i.'v. loi tun an hf.come '"''?i'" iv-ry pur.ha.ytr Is given the' ?? guarantee thai the ? ?ial envlronm?n< ol the premises will satisfactory u? all re*d?*tents, "i ; buyers are a?s ned thai SB4 tl i In Mountain Lakes they need undergo i IgB ? I Ol llif ir : -ial an iiiriclingb. T'irrc are tvvo lino lake.-, contrail'- 1 ' atad in lit Lsk? R< "i i Pa? the larger about esa sad miles long and a!>o.it tbree?quai a ii,i ? one-quarter of h mile loag, Both i i . By ?i a Indlng ' ? netlsn wsterwai They anil the other lakes of thifl Bllburba cxtramsalty afford all thi nsosl wati ?porta, such aa Bailing, awimising, fisl ing In sumnn r. and aksttng ????-?'? 'Mini tobogganing In winter. Thus a I of aft. Lake? i ? the ? antages <,f a, water resort with th cbarmi of an island i>iaee which ir walking, driving and sutomobilinj The social side of Mt. Lakes Is not on of Its least attractions. A Beautiful nan club house la im? Mai era I ' by th Ml Lakes ? lub, <>f which all resident. m? members The club bouse is to hav billiard rooms, bowling alleys, rano< room for the accommodation ?>f iron forty to tifty ? anoea. Th? tennis and other outila By wise phu Ins, hsv? ? e: ? directly In Mountain Lakea Park nlently n.ar to all h? mea, anc churches Bad msiketa are. nesr-by, ai New York torea dellvei at Ml lake; Btlsl I'ark. I'nlike the uv ? ? . ; ark la nnthiiiK unnatural Ht M1 i.;.kes and th? COBl ' " ? ft" timbei from ttorse --it. i, l.as I aid out o : ? ; ? ' . . owned b) ? ? .... foundry aand deposita ..||. ?. evelled I road*, resulting In a ! iK sout-c- of . ? ??> tin ommunity. Tha - a tlmbi r which < t fn ojdA bcane i v"lc| t0 ,,ie t-scka? wanna oosl Baissa tor Bboriag Of tunneU. Qusntltiea o? rock os the property was sold i > roa making of roads for Ml Lakea R ? dential Park, the di miles In ? steal 11 ? < taa^sserii ? force of Ml '????? ? I ai I by tie abate uaaVsr ?-outrait, to Bas? tl atsta boulevard which winds us ? . i Mt i??k..- That - ? - ' ??'?? of i rofii to ti;?- park swai n As it owns its water BttPPl) .-.?.-. m. the arged l i ta baa another ?our?.- of rev?ase is the park. .M.-r?ov. r, the !.a'kau .i.:..i Kail ' ' ? n station for the .vit Pokes h aid ?i >f ' ? '?'?! Uly .? ' atad In the park. view ot all this a purchaser of a ! in Ml Lakes Residential Pari. r. ' i.-.-. ton the bnpro-i amants Mailed, and Which usually have te nuured li th? selling prise of a properties Furthermore, the buy? " S N.-u Yorker .1- ? ?? i t,, ' .1 . a \v ?:. ;>" only natural I he should B*l? t a i-nr,' that will u all the advantages to whlcb hs bas - accustomed With naturaJ country char Such a combination I* rare, a' : s It i- found the tocaUty where It e\ is in brisk demand. In a home at I ?-ikes Residential Park bU these vantages ar? combined. This residential park which about in natural giaialeur has had added t? all the rtaaded Improvetneats and c? veniences to mak- it habitable, with? in any way impairing its aaathatic m it it- I lact, that homes at lit lal Kt-Hientlal Park are lo be had at fn ..?i p.-r cent lesa than for StBSll high-class property as near to the ell All houses are built 1"v the compati; own b'.iilditiK for?a, and Um Band, sto and other matar?ais tot foui.dations ai chlmn or i' ? i ran isas building mat-'iinls are purchased In ve large Quantities, and consequently mo h lower pries Is paid than if bong! in small lots rilllllBBSIS at Bit, lake? Residentl Park r? eeiVS guaranteed titles, plac< ?antes of New Jersey, and a warrant Brat : .-? a ant The Nss ?ork office of the Ml l.ak? atial i'ark sis least i M ' ? ? i fun partlculara Bhrw rtj may be had. _-? FINE ESTATE AT AUCTIOfl Property of Late Reese Car penter Will Be Sold . .-? .- itui da ? Msj II at 11:88. In from ?? ?"ourt Houas In VI hire Plalai Bryan 1. Kennclly win ..?n at ? foraclosurs i - ? -' ? ???. IB1 a? re.. Ihalla ' N"rth Whits piain ? This ? Vista i. ? < ?? .?f the '' irpenter Tliis . one of the ?.it'll hill? of .... . . .... .18 Bupertn? , .it: lag? : U COW !.vt:-. g .ins'-, v.ir|..'?- outbuild? ings, etc. ? STANCH ADVOCATES OF'FREE PORT HERt Proposition Has Arousec Interest of Owners of Waterfront Sites. By VVII.IAKI) mp MFSShNOER f?f all municipal improvements, Sea fork's port devetopmeat acra appears iiiost impera'.-.. \? tills time a etronj effort Is being made before the federa authorities at Washington by rival corn rive New York of tin lightcrus?? servi'? now provided by th? New Jersey railroads Th- proposition to rstn'i - ? la Mas Tort Harbor bss, form natelv. aroused trie li tan t of t ? owners Sterfronl properti' a, railroads ami steaniblup .uni; antes- ( ? .. bonded ware? house interest?, Importers and expoit.-r? and manufa? tarera, whose product Is? ? I for aSBMMI tiade term "free port'' Is often ml- in? derotood. The tree port district, as pro? pasad tor New York, would "'iiii'iift one or two hundred as i - BOOM advo I ?eat?, possibly one "r two thtraaand with piers and terminal facilities, where carrying csigOt ,iporte?l permitted to die? bargi these cargoes without a qxtction or detention and without payment of . :. toaas dutJea :.?'?? sipori ? or manufa' ? r?OelVln| - >>xla. Within the area of the free port dis? trict - WOUld be ftee from ln troii, i.i: iff duty, The goods OOuM thus In rntl) handled, : '-J, a.-5'..-t- . ? liansshlpment to Booth Araari a or Ca ? '. i i ? l ist ? i or any other I an port SrlthOUt an'- ? tlon or delays from the osions* authori? ties H ,t such goods sa srers not trans ferelgi orts ? to other pets . trv. but entered the I nlted States h?'Vond tl ? ? ....... duties The four t.it.damtr.t .1 requirements of B free ? ort district BI Hew York should be. ?? vie'j me ?ate- depth and ad-*? ?r?ate pier .?ni de k facilities and ter ? dons, arl g with I I and pier?. T!.:r?i-An adjacent labor market for the manufacturing industries. FOurtb- A tuffltrlent area of model ttel prtesd land The establishing of free port ? ' New Vork harbor has been M I ?t-;ed by ? larg? number of prominc! business men and lias been advocated b government officials, heslie M. Shaw, ?* Secretar?- of the Treaair ll ! cl I . . ated severa! years ago the creation o 1 onde?! zon-s for export, and recom mendeii their aetabMahtnent at Atteatl .:r.d Qulf -?aporta m the United Austin l orbin. a? far na?-k as MM, whll then president of the LtMUJ Island Rail road, advocated the eetabiiehmenl ?if ; free port district at McstSOk Point The Merchants' Assortait en of N?-v York baa ahown < deep IsteasBl in thli subject, and has recently publlahed th? report of an expert win was retained bj the aaaociation to Investigate the fe. ports or Kurope It also recently r?tame?. an engineer to make ?i stud: i I th- phy m ial tecilltleo of th' harhoi hi col ? With th.- iTOpo?ed free port distr. this report is not v ?t published. While lavestigsting commercial and In? dustrial conditions abroad during I reai i : ?;?;?? .1 **pecial vtait to the prm ripa'. seaport.? of both Northern ami southern t.^p.pe where rr.;e port districts tatet aad such districts hive mai almost universal favor. I found that the :ailioad? w-er'? not oppored to BSeh free port districts, and I believe that tue rai toad?, here would not oppoas the ? reation of free port districts at seaports of the United States, because I believe the opin? ion to be th,?. such cUatrtcta would tend to increase the total volume of bus a few- paisana she ???? - an roper facial attention to th' is ibje -t from a purelv th...-.'ti'-al ?Uln! joint ha . le?! to feel that free tri is In :, ? it bass i ' '?'?? bul aeulta large!;, 'rom careless: th?* use of the term "ft and the term ? fre* r> rt district. ' i :????. port? have existed in ButOpt - th? sixteenth ?enturv. and hav ?Treated ?.r ahollehed from time to time as reauli ??? -? ai a, ra tlona and i ?.al changes. Although there are ' ?[ dls tf la th.' 1 :. tad .States, the aovern | ment lias don?- a ?treat deal m : ? tiesa to en o.ia^f comrr.er.-e an. I In? dustry i tf.? asss? prtaclpta which ren I ders a free port district desirable Thus th? rnii??i States permits Canadian tersa? ra to hiring their r;ral:i across th? horde Into th?- 1 ? 'ed State? to be Bl*S*asd free of ens? - thirty days la al ? ? ihe | as which um? permitted to t- BSBdJad on this aide of the border Thus, thts pnvi | lege helps to develop the milling industry ? ?he border 'usT as a similar prtv lege would entourage trade and induitr ? B V orh II ?? free pr~ Ishtd Also, the United States a! lows cattle, horse- and aheap to be drive from the I'nited BtatSS BCrOOS the bord' ' i for gr.izlnf. and ,an b brought back any time w'thln six month without the payment of The government has recognized th for the extension of bonde warehouse facilities, and for a numb* ? >-ai | has permitted bonded manu fact urlng WsrshlWSSS. w'here importe? msy be manufactured and le-ex ported without the payment of duty. an. goods maj be transferred from a bonde? lad manufactutrlni warehouse without I ment of duty but 'Lis la I under Ft: ? Is hot! ce--tiy .-?td Inconvenient. Thi - ais., provides "that ths works of manu ? raged h smelting and re . or both, of orea -rieta!. may, upon the giving o' bonds. 't?e|tln| ssrehouses' " The goyemment also ai pre??nt allow: imported material, wrdeh is bonded to b< uaad shipbuilding, and ah other ar D Btting or equipping, as we'. aa In ??onstr; tton. are free from duty yj . er, li permita the eatahllshmssl oi free ?1 -? .neid-rabie arm for UM storage of imhSf and other '.vilk; or for livestock, which ma, be kept within inclosures without thl - . and In auch ?as?! stipula- ' areas sha'! ?ed with a fei les? than twelve feet In h-lgiu It ? ? ? ? ? .-?? . s from public warehouses and ? .?-.?-.? : dut> to ves??;, of wai in ports of the United BtaU ? : manar luring .->-!.? ' " bat the last tanrf a t ex; -Its -he man .'?' i ftom import?iti I :?, bonded Lng ?*at ft eve' tbOUgll tl.-:ar? mtv be for do? mett: ? ? >-: . ' sit si pros ?-? ?r-rslnating <i ny of 10 par csnl id ram as ?j ettr ? ? ? ?? ?at rtsd good, sntering tiin ' -?ta'e ': BUMS terri tor-. If ths seeds ?re not a product of I a Thus I I a varie! >f prov 'slo ? ui bust? ? I urts for a gr?.at many J88IB OVER 1,000 LOTS IN BROOKLYN SOLD Parcels in East New York Section Purchased for $675,000. SPECULATORS AND BUILDERS BUYERS Property Along the Line of the I iberty Ave. Elevated Rail road Extension. One of ?he largest r*.\. Batata lia usai BB Of -.h.? vea?- :.. *llUBkhHI feos, p?a?-* vesterday. When I I Bsyes, a broker Of this oit- ciojfd eontrsaXa foe the sals of LBBS h>ts near tha ? la the i-'a?r New Toril -?ertle-i fe mor? thai MJB.0SB ' uyeri. Hundreda of new buildlsga will be rt ted within the nev? fen months i'or the Bmbo Land Cempa ?? ata Uberty, J?n*< lotw-.'en RBB S went Is IV 1 .... represent? a Manl I h-:y? | ??--..? he resold In bulk or is plot Thhl i? the first '.nr*~ p :r basa made by him fn Brooklyn One stSSk, ?untalnina fifty -eight lots, was resold to tie Toster hannon '."ompany, of Philadelphia. This companv filed plans on April 28 for the construction at thirty-rlne threa stir- double tenement house* and storea tine builders have obtained an op? tion on two adjoining blocks. They In? tend ta imp?o e the?,e with two story horch-front brick one-family houses, simi? lar t?? 1 Ml of th?- .iinii type built by them !n the Kensington section of Idn'adelphla For the Pltkln Ruby Company, Ml lot? ?-i-.t for JS8.00T? ?o T. ! I[stUSSS, a Bronx operator, who has made a specialty of buying for speculation alors: the new transportation routes. The property lies on joth sides of Glenmore and Pltkln ave? , between T/lherty ave and the Brooklyn BQSB?Set F^or ti.e Hancraft LaBad '..'o.-piir.i'lon eighty-five bita WSBM1 for $4* HI to r, J Sttcklev. of I The lots are on the south tide of I.; ?rt BVa at HaSSOB and Amber .,?? . directly In front <?f the Hudson st station of the hlbertv an- 1. extension, now In course of consti ictlop Fo- rhe ?'halmers tStBtt fh,r"-twi iou in Ruby st. at IBS ?orner of ?I!? ave went for B*MBB to the John 1 phy B-lldlr.g Company, of Newark, N J This compan?. intends to build a ? ' two stor. SSB ISBlHj brt-k houses, to ?ell for $4 300 each Tl an sales wets made in coi.a. of the I.lbertv B*M e.evated rail?? ? tension and the aspfSBB Btri*sea to be ill | meurs of third tra?-i<lnir IBM ?BB ent Psttsi " braad - g as expre?? ?erv'-e to ManhSttSS la tWSBty m'rutes. ?-.??? $10,000,000 FOR FACTORIES One New Plant in Queens Will Employ 2,000 Persons Th?r-> Bit BBS ? Borough ? -' resentina an ISVI -iproxlrrst' $ 10 These f ????; UM ?111 ??? . - ,- i ? . ? ? ; ? .? ? ag the Tsr? n?- for the . ? the National Carbon ?"..m pan; of ? The cost trill b?* ll.SN.M4 II IS evperied that th? lnt will be ready for orr-ip.i ruary, ltd ? - butkting will be ?QQxV ? f??l e'ght >,l'ii;fi high, and ? /?rl entirely of reinforced ? ?roof Tue H 101 ? ? ml ' . - ? li.e?, ? ? . ?lion I 8''-e emploi IS . N peinons, moat of them akUled laborera.