New-York tribune. [volume], June 13, 1915, Page 3, Image 35

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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REAL ESTATE AND
FINANCIAL.
IXem ?tor?i JMiwne
REAL ESTATR AND
FINANCIAL.
r?.RT
x vi\ PAGES.
SUNDAY, ?TUNE la. 1015.
P\RT V. SIX PAGO.
O?fand
**->
[Bimm^ims
fslSlSSlS^
Al I hirri and Ovinpton .Avenues.
All Aboard for Brooklyn
By Way of 4th Ave. Subway
Operation Arranged to Begin Saturday Next with New
All-Steel Cara Purchased for Dual System Use?
One Foot Wider and Sixteen Feet Longer
Than Those on the Interborough Line
?Cost of Construction.
ici?-.
:ated
? i eom
not n ef
[e at
sattl
? ? ?
?
?
'?
?
Y ' i -
for du??!
ar?
They an
i
*?n *? he ru.-h h?
ti-ru-h hours,
ely, m the
?
n p???r- <-.
MV can It hours tl an in
? ? ?
-
?
>????7."* -. or
. ? ? load :
,.r..lt
gainst
?J ?<?* ?-,? -. and a half
ears.
, tei Manhat
l**?p ml tendii
through
?
BrojC'.
'
?? ? '
? -t. north under
M. i
re appro?'
' i
? ' '
? Flntbu-h av.
Th? Fo irth at - ubway trunl
road,
i s h m ?
???hland Place.
? .. ?bout
the four ti
*. ???, the Sea
I -1 -
?
Hamilton.
?
face eai - running to
! be exchanged. In
. Beach connr?
\?hen COB?
?
Itttu '.? ? .?ar-.fj fW)
? ?\ and (?ravmend
no? under eon
? ill connect ?? il I
rhe other
up be a connect ?? Brighton
fran?
?
?BtSioo t?l the sabwsy from i'ulton,
it., near A .--.**?
Brigh
-?
? ?
? ted over th' *:- i
Beach line.
Fourth av. ?ubv
;th st.. Non Utrecht
. .
York and operated undei leaae
?
i ompany a-. ;
?
in ar
av, subway nn<!
Model apartments at Seventy-first Street and Ridge Boulevard.
State Loan Associations
Report Gain of $4,000,000
League for Home Savings Never So Strong or Pros?
perous, the Total Assets of Its Members Aggre?
gating $68.500.000?Many New Mort?
gages Written and Withdrawals in
Year Promptly Met.
, "Our league registers the hich water
mark of prosperity. Notwithstanding
the unsettled conditions, our institu?
tion show an increase of $4.000,000."
These remarks were made in the
' eour-ae of an address by Martin S.
Cohen, retiring president of the New
York State League of Savings and
Loan Associations, at it? twenty-eighth
annual convention at the Young Men's
Christian Association Hall at Port I
Jenis, N. Y., on Thursday.
Frank Ljrbolt, Mayor of Port Jervis,
i delivered an addrer-s of welcome, which
1 ,.-4 side of Fourth Avenue, from Ninth to Tenth Street. In Fifth Avenue. Looking South from Forty-fifth Street.
Upper centre picture?In Seventv-hfth Street, near Ridee Boulevard. Lower centre picture?At Sunset Park at Forty-first Street and Seventh Avenue. Big building u new Public School 169.
bo operated ?n connection with it. The
Ion Reach R
? milarl)
operated in com Ml the city
?
. 'mm the
!
m i - -
May, If08, I
?
? -.ihr i . I I'll,'
begu
1909, i I
?
raet pries
?
am B
?
and the Tidewat? r Bu I
and Thomaa B. Mr
lion ut tho
subway from 4'...-. I were
? :
s;on it. Septembei Ifi, 1912, to ,;' Deg
non < ? work
o/ot lei it. two a?
running froi
..? . and tin ? ? '?' ion fi oi
?
l
"-'.-' "5
i decorating I ??' the
?
? id m
i- Fourth A i
have a coioi scheint
of ita owi ?" dif- .
.
The - and
? -o, and ? ' in a
<i > pa rat?
b) the i 'ions
'
to foe
The Fourth A ?
a'ed with the Bohrd of Ra|
Railroad 'or-imi*
I Its was
the Board of Estimate and !
tionntent .'
? rized
Continue ?1 on vf s
PRENDERGAST WILL
SPEAK AT MEET1N?
Will Talk on Port an<
Terminal Facilities at
Queens Chamber.
i ,,? ? Hei Prendergasl will
? e Chamber of Comme
? . ' i ' ,. . ?
"1'i.rt and Terminal Facilities." Th?
stand
? th?- Board of Estim?t?
waterfroi ?
i.t tlie rit?,. 1 lock ? ommii
\. i Smith and Borough
oil) ?ill also i
? he chamber at this me<
? ill be in charge
? h ich F. I '.
Thorn? .nan. This committee
; t.. be very active in the com
i ng ng e x t e n s i ?
'? mile- of ?rater?
?? ens, \mong the In ;
'. urged are th?
folio?
three barge
terminal? in Queeni bj 'he con
receiving and
ng facilities tor the grea'
\-ill b<" handled
?? foi the manufacturer?
? gh.
? un of the marginal
freight Long I ind Cit?
? ! . similar io that
I ooklyn.
The dredging ol t'reek to a
.its of
he brougl I I I
the <i -ones situated on this
stream, thus saving the grm
pence of lightering freight
To have the city of New York ac
on.re title to the land between the es-?
tabi.ibed bulkhead lit Flushing Creek,
SUBWAY CELEBRATION PROGRAMME JUNE 19.
Marathon rare will start from the Brooklyn side of the Manhattan Bridge
alone ibe subway route to Sixtieth Street, morning.
Free athletic meet for aehoolbojra, at Second Naval Battalion Armory,
foot "I Fiftj ?i'i'in-1 Mreet. 10 a. m
Special train bearing cltj officials and member-? of the Public Service
Conmieaioi ?ill lea\<- the Municipal Build'ns. Manhattan, over the Fourth
Avenue subway to ( oney l-lainl. 1 p. m.
Luncheon at the Kidge ( luh to official? of the city, Public Sen ice f'om
ni!"-->ion and Brooklyn Rapid Tranait. At the luncheon, moving pictures ?ill
be sh?i?n of the progress in building the Fourth Avenue subway from the
time it ?as first launched. Prominent speakers, among them Bird S. ( oler,
?ill address the gathering.
< hildren's parade and exorcises, in ?hich 10,000 voungsters are expected
to take'part, will start in front of the Bay Ridge High School, at .1 p. m.
There will be a parade of Boy ?-?outs, high Bekool hoys and girls and hands,
drum and tife corps. The parade will he followed by the singing of patri?
otic song?.?the raiding of the American fing and a ?alute by the entire as?
semblage of ? hildren. \ddre->?e-> will he made by citi/ens and officials. The
prire es-say on "Ra\ Ridge, the Fourth \?."nue Subway and It? Future," will
he recited hy mean* of twenty-fne phonograph-), ?el in motion ?imultane
ously by an electric battery.
??"d al?r> to s"c-ire an appropriation
fr-i?i the Tnited State? government for'
?Iredcmg n channel further inland to
accommodate the growing cor-1
at that pon'
To woi,, with the Brnokh n SSSOcis
in obtaining improvements in Ja
maics ;
Th- chamber ha- recently become
affliated tnrough member-hip in th?*
Chamber of lommerre of I
and I G ">. Tho-r-a?. president,
has ben ippoi I ted national councillor
to repi' ? ? Queen? Borough At the
meeting a refeiendum of the na
??'.?iil chamber on the subject ?-if "The
nng of the Merrhsr' Marine"!
?rill be considered.
New Tenants for Dwellings.
The Houghton Comp?n> leased for
Ella W. Jackson, through J. Metcslie '
Thomas, the dwelling 1*7 West 91st it.
t,i Anna Rogers.
The Daroai Company leased dwell
. ' Mary Wal-h a' Id Van Neat !"
re jreare; \'\\ West n-n ?t to
? Hof mann; M Barrow it. to Mr?
De Voy. and 128 and 121 Wttt Hth st.
to Stephen i
I ' eased the dwell?
ing? at 620 and f-12 West IMtl
i ? .-e & Rlliman have rented for
J->hn T Terry to a client for occu
the four story and basement
: ?on av. and the four
?vnd ba?ement house a' \~
:?i\ it. b? ? .loseph T Low.
Joseph. P Day has been appointed the
exclusive sales agent of ?he I'nited
Piece Pve Works plant at Nyack. N Y
The plant has 100,00?) ?quare feet of
floor space.
SEEK HOME RULE
FOR WESTCHESTER
High Official Favors Uni?
form Laws and Local
Legislation.
The Westehester County Plan Com-1
n fubmitted a report to the
Board of Supervisor.? last week, in
which suggestions are made for a home '
? ? lot: and which ?rill be tub- !
? to the Constitutional Conven?
tion.
The repoi ' led b] Henry R, .
Barn- in; F'an irl P. Have?.
Edwii '?'? h ?ke of Mount ? ? I
non, Ma m '" St ' K'l. I
fonner Senator ?' Mayhew Wain*
'
lin.
The report makes ?uggirstion frtr a
measure ?hirh will Stop st"
and advoc Hoption of
uniform law? to permit a larger de?
gr?? of separate and local legislation
for Weetchester ?'ounty.
Senator Wainvenght told the super
- that there ?as a broad interest
throughout the state on the que*tion
re efficient county government, to
increase the economy and also for more
concentration in county laws.
The supervis??
? s and direc'ed that the leg-sla
issist the comir.
in urging the Constitutional Conven?
tion to arrange for the change in the
las *
Long Island Leases.
John F Seotl lublel for H. Hobart!
Fcrter the Winant cottage at Lawrence
F?-arh. Long Island, to Miss F.ulalie Van ?
Ltr.nep.
L'Ecluse. Was!.burn ?I- Co. leased for
0. vT Anthony his residence at Plan-1
deme, Long Island, to W. G Demarest.
was responded to by Walter Rriggs, of
Sehenectadjr. John J. Hopper, Register
of No., York I ounty, rond a paper, on
"The Torren.-. System of Land and
T.tlo Registration." Charlea O'C.Hen
"?' Nef ?- oik; Webb I', ( uoper.
. . Walter Seott, of <lr
Thoma? F. Larkin and Thomas J.
Skuae, " Brooklyn, diacuaaed "Shall
Premiumi He Aboliahed bj
< hn-topher Gr
?poke a- a <'ontrolling
Factor in th? of Loan?,"
and Arthur M. Hani, of the Sage FotM
? r ,. v?; r.. on "Cri dit ' Ilioil.l
and Their Relation to Savinfl and Loan
Assoi itioi On 'he question of
"The Land Bitrk of the State o?' New
York; ft- Organization and Progn
Edwin F. How ell. of New York; *'
I Duraek, of Brooklyn: R- <<. Pi
iverneur, and John J. Hillon
were the speakers. "The N'l
inffl and L' .
plained bj ?' w
Fincu-, of the first F rmei \
? rev i lie. Archibald 9T. Mc?
Ewen, secretary.
A (tinner was held on the ever
the leeond day a' the Hotel Mitchell.
Klmer E, Stan ton, of the !
I napi r OB "Some Kle
mei ? * ? '. ? ' ocia
tion," and < harle- ? Zol'.er. of Rochei
Man ami ?
and I."an Association.? The commit?
tee* on resfilutions anr finance and the
treasurer'? reporta wet.
Hi i peeeh, In part, follows:
"Since oui- lait convention at Hu'
falo American monied institution?
have been put to the test, and the
success with vrhich they have withstood
trtaa and -tram marks a turning
?? financial i lie na?
tion. Purmg this penod of : nancial
'?anco the ?avin?s and loa-i
s ? continued
in the even tenor of their way. When
other Inst ifii-o,| m ?oan monev
our aoi ' . mort
caces on homes Withdrawal? wer?
prompt!-, me' without delay or obier
tion. There wttt no run-? on saving?
and loan associa'ioni. ana our member!
showed their abiding faith in us by I
depositing their savings in our c?-.rTers.
"The total assets of the associations
in New York State aggregi.:
000, a better jho?vin(r than ever
in our history, the local SSI
with but few exceptions, show;
creases.
"It is not an idle prophecv to sav
that within the nex'
Kmnire .State ??ill assume the p<
in the buildinsr and loan ?r?
in other' en?
deavor. The mistakes and misfortunes
of the pa?t teach us a leaf
Tho abuse- that o
rions have been chare- h d ??
appeared; :
tions tha* ?till H -eins
comnoUed by stal
the nei'-' order of co id I
"The Sew York laws governing ?av?
in?s and loan associations ara modelj
.??h;ch are beintr copied by n'her states,
a? th?- ? the b?s* thou rhts of
the active men in the movement The
necessary re ? inrarentlv
?ur'ail .?err.?- of I
.?eeni an at > I Most
of th.' mied
them
"Ambas ?ador 'i
dent ..[" la- ?
??hen
? - .i*- S tat ren
.
Bank
of the
ganizcil with a pa
I" t>, '.? 'V. ?1 .?
one ?avine? and loan i
field
t'narieo then ? . what
might be called p
i ami defln it the low?
est interest rate pr?t ling in ?he.
money market. T ? f .tsf
bunds has been floa-e.i o:
basis a? tho?e of th-' Cil Votk.
"At *he outbreak ol I pean
war in August the financial situation
? be ?'hole world .rbed,
?a? difficult f?i '
i ' .
?:b!e dnnger of a sudden ?-all for funis,
1 appointed n COI Rg of
former
: Judge l '.i ? ark, ? no,
with myself, advised ?trinton?
dei * R The
beratiom of this eom
v? ?. mad?
?vhich the - B inks
? and loan ..
ciatio:. -'.ne that
???ilow, if they deenn
sary, the example of the savings hsnks
bv taking advantage of the >:.vy day
I :le thi? letter was Ii
nature of ? ?
that a situai I -?rise
which would require prompt ietion.
?
a bulletin to I I 'her
affiliated ?vith the league or ,not, ap
'.ns. and .<
some time c,i;le.l fur .. ' any
association might requ
appeal for . :ous
?ate.
However, no contingency aro?e which
lem?
as withdrawals were normal.
enforce
iif our asacN si take
? .ige of the - ..?.-.
indent of Bank ? All w ithd
?
'
of our iii
memb?-' that
no other financial orf
During the yei ?.mg
rd npo:> to ad
Rgie asso
.
.?har?? of building rind loan as
' ? OSS ts pro v.-nip
tion ??? i
*<>cia
While w.' ?tideav
-'. procure omplete exem]
from all :<?\ation in th? ' was
felt that, a? tie ?nreal '" the
la? expires by ! M he cur*
rear, tne burden could be easily
?ii I have *ent
to eighty-two a? oc
affiliated with the league. 1' e
to these letter?, rtgt M
have joined."
In his address Reglet?
?he advgr Ti>r*
Und
i, and the New
York l