New-York tribune. [volume], June 13, 1915, Page 4, Image 36

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

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P1*n Rie- Celebration for Steinway Tube Opening
BAY RIDGE NEEDS
MANY APARTMENTS
? \perts Discuss Old and
Present Tendencies in
District.
THEY EXPECT BRISK
DAYS IN THE FALl
Theatre Project Forerunner of
( oniing Greatness of
Place.
--? -r .? -
? ? , of the B*
hat the opera"'"-; of trains
\vrnue subway is as
"W r I "or.d to
I rsoni here
V.o.* &
?if have been an
?*? wants o* scores of
Last New
have come
'(.ere * for homes because of
? he better in our
will take place
rrh Avenue
all ?rant apartments
e -, filled, and
i EONARD H. (.ODDARI).
Member of the Fourth Avenue Subway
( elehration Committee.
therefor? that il a class of building
that ? r d.
"\\ < s boom by next fall
eclipse anything
that ? . ?? ha= ev er had thd
? ne of apartment
rd here at lea-'. rh<
I up indicate ?
t<
? ins with bath.
"A ? r the coming ?treat
?
-
d 'i n rd .L
100 fcet and
the most modern)?
-
? . sueca
porta- airrariv I
m head
I Bureau of K
is the pr? :he corporation
that will carry out this enterprise. A
? ?"jue^tion
?. Seven1
Third Avenue is the 1
Thea*. s motion picture house
a seating capacity of seven hun?
dred people. Two and three times a
day it is filled to capacity.
"The transit centre of the section is
Ray Ridge and Fifth avs. It will be
like the Pth st. thoroughfare of the
i South Brooklyn diatrict. The t
taps Borough Park, Rath Bcaeh. Rcn
sonhurst, 1 ort Hamilton and the Dyker
Heights sections. An agitation wan re?
cently started for the running of a car
line from the ??{?th st. ferry along Sev?
enth av., and such a line would be of
incalculable benefit to many residents
of South Rrooklyn and Ray Ridge.
"While waiting for the opening of
the suhwav Ray Ridge has not been
standing still. The state census being
taken will undoubtedly show that the
area south of 66th st. has increased ?fi
per cent :n population in the last five
yea^s. Now public schools have had to
l>e erec'id to meet the needs of the
larger population At Tint st. and
Sixth av. ?r, new public school has been
opened a month.
"A well known public man who wss
led ?o become interested as a builder
in Bay Ridge because of the attractions
of the place and us future possibilities
ws? Thomas F. Karrell, former ? om
m >?ioner of Juiors of Rrooklyn. He
has erected a splendid apartment house
stores at the southeast corner of
Ba) Ridge and r 'fth av ?
"We UK:?*- all homeseekers and
others who come to this pait of Brook?
lyn in the rear future to spend some
hours in inspecting the various see
lions of the place. Some hours is all
too short a t.rne, but it will be a suf?
ficient- reriod In which the minds of
the visitors can be impressed with the
beauty of the Shore l?riv?, Colonial
Road, Ridge Boulevard, and the numer?
ous broad and well kept home and busi
naaa etree
New Jersey Transaction?.
V 'Ham A. (?ehlhaus bought for de
re'opment sixty tx acres, known as
Hilton Park, a* Atlantic Highland?, N
,L. wi'h a frontage of 1.S41 feet along
tb# Jersey < entrai traction rosd.
Kdmard P. Hamilton ?- < O. rente-l for
Fanny V. M. Johnston nor ie-odenre,
?tabla and grounds at Mounts,
tion, South Orsr.go. N J , to Alberto
Falcon, of this i
S S. Waletrom Cordon & Forman
leased for Miss Margaret T. Ruane the
dwelling on the southeast corner of
John at and K-nckerhoeker av.. Ridge
wood, N J . ? T ? Phillips.
To Build Ice Palace.
The Shuberts announce they ? I ?
gir. early in August the construction of
an ice palace and restaurant b .
140x200 feet, extending from 44th to
46th sts, immediately to the west of
ih< Shubert and Booth theatres. Pie
l.minary plans hsve been piep*red by
a Furopean arc1 itect, and the b .
will be modelled after the Admiral's
Palatz, In Berlin The ?Vature will be
a skating rirk. 60v i _'0 fee*, ,-urrounded
by three or foui balconies.
LEGISLATURE MAY
GET MORE POWE
( ouncil Wants State
Regulate the Building
Height.
AMENDMENTS BFFOR
ALBANY CONVENT10
Attitude Result of a Series
( ^inferences on the
Subject.
A' a ?firs of conferences attrnH
b- Tan' P. < ravath, Psnv.n R. Jam
jr.. and Arthur T. White, of the Ter
House ? ommittee of the N
ties Organisatioi
I Gebhard, Ralph K, Jaco
?man Mill?
Brooklyn Buresu of ? hai
Frank Bailey, Edward.C ?!??? W|
(aider, lohn J. Kuhn. Walt
: Miller ann Fredei
? the Advisory ( ouneil
? ??.is decid
organ!,
nal ?mcndnifr
n il Albany. The
were introduced on Fl
? Ba tor. I
endment provide* for the legf
eights restr;
and reads ns folio??:
"The Legislature shall have power
dimensions
-
by provlelons which ..pp
to ?ucr. ns and villages ne
OT to parts or districts thcici
??mend such limitations fro
"This rower may he exercised direct
be exercised by s
? .
??eme in such manner as ma; be pi
? ided by the Legislature."
gh the charter confei
ity up. rd of Aldi
puss ordinance- \? :th regard to the r
striction of buildings' heigl '
recent act of the Legislature intrusl
ve to the Board i
? re might ?
i ether 01 n?
ii special grants to 'he city
part of the Legi laturc ave coi
nbodic
in the Federal I onstitution, g!
to f-1 ? i equal pr? I
I guaranteeing tl
one ?hall be d< bis propert
righl due proc?s? of
Several case? have already been d?
cided by state ami federal courts rel?
live to this legal question, the
eonapicuoui being those few ca
pealed to the United Stal
Court from the Massachusetts court
et of the Massachusetl I
I ture provided that no building i
I course of construction or to be bui
! facing Copley Square, in Boston, shoul
i exceed 71 height of inn feel
? lated for the payment of damages f<
any loss incurred 10 property a
?ate and federal ? our!
upheld this act under the powi 1 1
nt domain as in aid of a pair
and i il woula ha,
been upheld undct the police power.
Maryland passed an acl
. ng that m a eer
tain restricted liildini
ted to exceed a hr-gb
?
"id that t h i
nal
?
that a* a,; 1
? - ? ' aesl
eta in New Vori
upon thia subject, hlthough the 1
have upheld ordinances which pi
the ere?-- on of a billboard exceedin|
.?:.\ fret -n height, <*?*? within the
power. Upon the gi
health and safety, as well as foi 1
reasons, it would appear th
of buildings' height?
1 ?i York, ? ithin eei tail
sonable limitai
iible. Under these conditions
deemed expedient to offer an amc
: ment to th? I .-ion which
definitely ?auction the exercise oi
' power by grant from the Legislatur*
to our city administrations, th ?
viating any rubsequent difficulties tha
might arise upon cons'.itutiona
grounds.
The second amendment relates pri
marily to toning end districting th<
. 'v for industrial, commercial, residen
\ tial and other purpose?-. This amend
ment reads as follows:
"The Legislature shall have power t<
' limit the u?e and enarac.er of the or
cupancy of buildings In the eitiei
towns and village* of the state by pro
, visions which apply to such cities
' towns and villages generally, or t.
parts and district? therein, end t<
' amend such limitations from t-me t>
[ time. ,
"Ibis power may be exercised directl-,
or may he exercised by autherizin?.
? towna, villages or cities to exercise th?
: same in such manner as may be pro
\ided bg the Legislature."
The final amendment submitted t<
the Constitutional 1. ?invention is ai
foil''
"The Legislature shall have power''
1 authorise the towns, villages and
. of the ?late to take irai property
ingeroua to public health 01
' and to sell or !e;??e the same,
I? such restrictions as may be deome
?o he in the public intere t Proper)
; taken nursuant to this provision
be deemed to be taken for a public use
"If this amendment is adopted the
legislative authority to ,,
?ate property for public purpose?
?hen this property is maintained a? n
I nuisance or as a danger to publi?
health, will be. Such pie
rogativos lave already bee-t e?.
by the Leg ?laturc in condemning un?
sanitary premises for park purpose?
as, for instance, in 'he r?
ion Park end Mulberry
To day ?hile buildings a;e condemned
? the 1 ow? ?
iture, 'm reasoi of public
health or to abate s
?
owner. This amendment perm
to purchase the land, at
? ell 1* upon such terms
? .i?-?ire?, wfa never public ?
10 demands
"In all these amendment.? the righ'?
Of the property owner ore thoroughly
and completely pjoteet-d ?r
; served, under the provisions -
r rderal 1 which .
. prescribes that priv-ite p.
; shall not be taken for publie pu
without just compensation, thereby in
Miring to taxpayers the .
lion of our la? s."
? -?-? _
Plans to Connect Rockaways.
The plan to connect the Hockaways
, with the mainland by mean? .if -,
1 boulevard across Jamaica Boy, recently
j nelly of the ICiough of Queen?.
Ifavoi
throughout the entire easterly ?ech?n
of the City.
Steinway Tube Route To Be Opened June 22
lt. Operation Will Mark the Initial Step in Putting Queens on the Subway Transit Map of the Create
Gty?Business Mm of Queens Have Lon? Waited for This Eventful Day?Tunnel Was Completed
in October. 1907, but for One Reason After Another Operation Was Postponed.
Rv WALTER I. WILLIS.
Secretary Chamber of ( ommop e of the
itornueh ot ?Jiieen?.
Assurances have been piven by Frank
T Hsdley, general manacr-r of the In
, terboreutrh Rapid Transit Company,
; and Edward E. Met all, chairman of the
Publie Service i "? ,nl*1 on
Tues'la; , June 22, the "Queens Subway"
lame which the Queen? bll
interests have giren the '? ay tun?
nel i will be opened for the operation
of shuttle service from 4L'd st. and I.ex
? r'nn av., in Manhattan, to Hunters
? Hv. snd Van Alst st., I/ong Island
? ity.
The operation of this first rapid
? line from Manhattan to Queens
Horouph will he h?! the first step of
many ether t
the borough that arc now under con?
struction, but it mai -! step
t map
? York ? it y. for wit h I
? equal to those of every other
part of the cit\. nothing can hold baek
?
men througl ? Rornuph have
long waited for i
t he construct np of th<
in October, 1907, but for one
?
delayed. Plans are now being prepared
by the Chamber of < ?
Borough of Queens in CO I with
the Public Service Commi
Interboi ough Rapid Ti ai I Con
tting ceren
train ol
The immed
?" the tunnel will he to place Long
Island, particularly, am orough
rapid
Iran?;' V'ork Citj '
diatr fa i thii- he provided for
the transportation of the several thou
? f factory opera! many
bijr induatries located in I
< 'ity adjacent to i he mo?t h ?
nel. In this vicin t; build?
ings estimati I $10,000,.I, and
with in."00 new employe , have been
completed in the i ?
The benof' t of the O] of t ho
Steinway tunnel . moreover,
to every pan o,f the Borough of Queens,
? the presen! Lone Island City ter?
minal ?t Hunters Point av the Lona;
Island Railroad I ? hid a new ,
local station, so thai passengers coming
Mew York i?--. make connections
that point with the electric1
and bo can ied to every
? - ns traversed bv the track
aaoMaMM*sMaamsK9---ma?MaHae>?--?NMama
ROBERT S. DARBEE.
Treasurer Weal End Hoard of Trade
and a member of the Fourth Avenue
Sub?.-*", i , lehration Committee.
of the railroad. The facilities at this
will be sin low in
? on of
Brooklyn,
v- v the Brooklyn connec
ent subway and
i 1. more subway
lan .1! ;i!>'.
uhwa?. During 101 i there
->.ii'!1,000 p., on the Long
Island Railroad entering end I?
the A itai
lamber of Commerce
p w ith 'he Long Island Ra I
-.?i of eatablii h
loc.il se reduced rate of fare
? mouth of the tunnel in
Lone I in Jamaica and other
statiom in 'he Borough of Queens, sim?
ilar to that now in operation on the ,
? n .lamaica '
and Brooklyn.
W th the opening of the Queenshoro
Bridge and the operation of the Lonf
Island Railroad trains to f'ennsylvanii
! t;ition the number of pnssengors en
tering and leaving the old Long Islam
< it, station of the Long Island Rail
io;,,| decreased from 6382,000 in I'M
to 1,471,000 in 1914. With the openini
of the Steinway tunnel and the estah
lishmenf of local train service the Hun
tors Point section will he given a grOB
stimulus m i'- devolopmenl and renev
it? former activities.
The operation of the tunnel at pre?
ent will be to tho station on 43d st
between Third and Lexington av?. A
that point pn-?engors will come to th?
street level by means of an escalato
and bo required to walk a distance ol
some 900 feet through the congoster
traffic at 4'Jd st. to reach the nearest
entrance of the present subway, be
Vanderbilt and Madison av-?
where, with a transfer given them upor
leaving the Steinway tunnel, they ac
entitled to re-enter the subway ami
continue their ride.
To remedy this situation the Queen -
chamber of Commerce, which is inter
l in the utilisation of the tunne
? r-ncy, had a plan pro
pared which would permit tho Steinway
i untie! trains to continue west as far as
Park av., at which point elevators are
?o be constructed directly in front of
the mam entrance Of the (?rand Central
Terminal. Those elevators would brin?
the pa from the Steinway tun?
nel level lo an underground passageway
connecting with the present platform'*
at the ??rand Central subway station.
This would provide an underground
ire, reduce by ?>ftft feet the distance
required for passengers to walk and do
away with the inconvenience of carry?
ing transfers. This construction work
f stai ? "ild bo ready by .lune,
1910, and thui save eighteen to twenty*
of ? , ??? ? -i snce to the
the diagonal sta?
tion winch is now iinder construction
at that point will not be completed, it
i= estimated, In at lea. t two and a half
or thn ? ?iie.
The trip from t'-'d st. aMd Third av. to
.lack-on av.. Long Island City, will not
? ?. over live minute-, oi loss time
than it no? take-; to go from Talk Low
to Borough Hall. Brooklyn. The first
: in Long Island City ?a almost
in front of the Queens Borough Hall.
A further ride of about a minute will
bring to the Hunters Point
tation, the last underground sta?
tion In Queen . from which point a
covered passageway will load to the
Long Island Railroad station, sn that a
quick and convenient connection may
in- made with trams of the latter road,
enabling passengers to reach Jamaica,
MARI CUMING.
Treasurer Citizens* Fourth \?etiue
Subway Celebration Committee.
Flushing and any point east on Long
Island. It is expected thai thi.? station
will prove a very popular and him?
pla''?'.
From *h;s point the railroad goes up
an incline and runs on an elevated
st ru. tun- over the Pennsylvania and
Long Island Bailroad yards, then curves
and run. over Daviei st. ar.'l Ely av.,
Bl .I com i'' ' " ith the other e'.
lines on the big Union Transfer sta?
tion on ??he bridge plasa.
From that point trains ?rill operate
northward a distance of three mue.?
to Aatoria, and eastward over Queens
Boulevard, Greenpoinl a-., and Roo-e
velt av. to Woodside, Elmhurst a
innove ?pe JounaaiiorV
~ =?B/ Arthur T Nicholson! ?-*-*
ROBERT E. FARLEY, head of tho organization that bears his
I name, ia one of the brilliant real o.-tatc developers in the Westchester
| paths. Ht- has changed arre.- and acre of rolling farm land in?
to land dotted with home colonies of the highesl order; he lit
covered many residential placet of perfect suburban grandeur, going
to dry rot because those who were directing their affairs felt positive
'hat the myriads of rural feature of ' ere all that were
ary to bring homeseekers to the ccumc; he ha? relegated th.
tiveness to the paM. ami under his guiding hand hundreds "I* i'
have com? to admire and to re.-ide where onlj one came before. This
potent figure m Westchestei realtj wai 'nom in fort Plain. N. V. He
?vas- graduated as Master of Arts from the Clinton Liberal Institute,
Rutgers < ollepe. and later, with high honors, from the New York Law
School. Here i- a little rhyme that depicts one phase of his realtj
career:
The RoHive/ Hills of Searsdale
? ? il Deli
d them Sparse and Drowsy,
I '. _? The m Very Bright.
? ?/'. '/ to city /?< -.
i t Hither!" and They Came.
? Health and Youthful Happiness,
Ii ai n Priceless Gain!
HENRY W. POLHEMUS, associ?t?- real estate editor o/ "The
! Evening Post," ha? been fifty-two years a member of the staff of that
paper. And Poly, as he is called by hi? friends?and they are many
' times more than the number of tenants in one of the new record-break
i ing skyscrapers?know? Manhattan Island from the angle of the broker,
I building manager, operator, auctioneer, architect and landlord, and as
i many a city chap, transplanted from rural to city life, knows his native
? village. Of his fifty-two year?' service as a newspaper man, most have
' been spent, in gathering real estate news in downtown New York. It is
no exaggeration in saying that Poly can't walk a block south of Chambers
st. without meeting many men with whom he is acquainted who are
carving an enviable name for themselves. Every orto of them is a big
new? produce]', and so when you come to estimate the worth of the .ser?
vice rendered by Poly there can be but one conclusion: "He Is worth his
weight in gold." At a recent gathering this little ?idly about Poly was
written :
Horsecar Bells \Vere Jingling
n? little Old Broad my;
!\erosene and Candle Power
~':ered In the I .-.- , ? Hmr;
llonp Skirts nerc the Proper Style,
I d Honesty, and Not n Pile, Su
It hen Dear Friend Poly Joined "The Post."
KENNETH IVES, one of the foremost specialists in suburban
properties made a mark years ago at lordham University which many
pave thought worthy of trying to excel. He was a student at. the uni?
versity way back in the DO'S, Those woe the- pood old days when
Thomas Augustin Daly, ex-Governor Martin II. Glynn, Laurence Naugh
ton, a' pn enl engaged in putting up a modern flathouse m Mott .-t., and
Alfred Y. Amy. of local realty fame, wire student I there. In spite of
this exceptional exuberance of talent. I.c- won high honor? for his
scholarly ability, (?wing to his retiring disposition, Ives did not herald
: his scholarly feat, far and wide, and because of of the
"boys" whom he u cd to soundly i- pyrotechnics or
m the English clas.? think thai the i forgotten, and if you
ask them how they fated at Fordham. they boastingly exclaim: '"Oh, I
had a very easy time. I did not have to work very hard to _et 90 pel
cent or better."
JOHN H. MURRAY, who ha- been the broker n many purchases
made in Westehester by .lohn I?. Rockefeller, 1, a gr?ai admirer of Rocke?
feller. He sayi thai the oil magnate hat done much more for Tnrrytown
and North Tarrytown than is generally known. He likes to tell lmle
incidents in Rockefeller's life which reveal the democracy of .John !>.,
one of the pet *?' ? g; the following: "Sume years aso I had to go
| ?South for my health, anil I (inked mit th? very place to re? u pe?ate where
.lohn D. was spending a few week . Strange how g ?
! in the same way," he will exclaim, winking at the hearer. Then, con?
i tinuing. he will .?ay: "At the hotel at which we w???? g were some
i *.cry well known theatrical people. n.o.?t of whom were resident-, of \'., ?
?? ehester. They heard that .John D. wai S daily player at the golf links on
; H.?- Inde! grounds, and SOIM of the theatrical folk i | ,, ,!,? \rg in
i Intel Mi. RockaftUtr. they knew I had bought much land fur him, and
therefore approached me to learn if I would lie :-o gracious as to 1:11r
?luco them. I told tlicm I felt certain that Mr. Rockefeller would like
meet sumo home folk, and so we disturbed hitn while golfing. Was 1
displeased? Not at all. Why lie made the theatrical people feel ve?
? iated by telling thew how they had amuseil him by some of the cha
sctera they ha?l portrayed."
CHARLES S. BROWN i one of the descendant of the Brown cli
v.ho have written their name.* in hold letters on the scroll of success
the real estate field of the greater city. He 1- considered in the circl?
o** the leading appraiser! to lie one of the great peers in the appraisir
l'ne.
An owner rushed into one of the hie lending companies, and hreatl
v asked if he could he accommodated with ;i certain loan.
"I wish you would consult an appraiser like Mr. Brown," said tr
manager of the office. "If he says the property will stand such a loa
v.e will gladly give it to you."
"What Brown?" asked the owner.
"Mr. Brown, of Douglas Robinson, Charles S. Brown Company." r?
rlied the manager. Here was a loan involving many thousands, and th
refusal or acceptance of the application depended on his answer. 0
course, in such a case, Mr. Brown did not frame his answer until h
l.ad examined the property on which a new loan was to he placed. Brow
has long been an honored name in the local market. And never so muc
as now. For instance, there is Donald \V. Brown, of Cross & Brown, an
Walter E. Brown and William I. Brown, of W. E. & W. I. Brown, 0
Harlem. Besides, there is the J. Romaine Brown, whom everybody in th
active circle knows. His former partner was A. P. W. Kinnan, presiden
of the Union Dimes Savings Institution. Then there is Gerald R. Browr
controller of the Equitable Assurance Society, who is also one of th
most influential of the Browns of realty fame. Some other well knowi
Browns are Irving Swan Brown, of Madison Ave.; Elliott L. Brown, in J
Romaine Brown's oflice; Elliott C. Brown, of the construction compan;
that bears his name; Alexander Brown, jr., the builder; A. W. Brown, o
I2d st., and besides many other Browns, including:
Nicholas T. Brown, Frederick Brown,
K. Brown, George F. Brown.
We were almo.-t tempted to say that if we had omitted any grea
Browns from our list it was due to our perspective being blurred by th?
shadows cast by the long rank of Browns.
E. OSBORNE SMITH, of Jerome and Burnside avs., is one of th?
great realty seers of Manhattan and The Bronx. This fact also re
minds us that the Smith faction, like the Brown clan, is splendidly rep
resented in the real estate market. Here are some lines lately writter
ahout them :
lv all the great tpheret of the reo! estate world
There't a Smith! There't n Smith!
Some brokers, tome builders, some managers, iooj
Some buyers, tome tellers in zone* o-vi and new,
The Smith* are a hody of men brave and <tror,p;
If you follow their footsteps, sure you ve'.y u ill qo wrong,
Let's see. Besides E. Osborne Smith, of Manhattan and Bronx fame
there are Clement H. Smith, who revels in Tremont activity; Frank E
Smith, who can negotiate deals <?f the Hotel Westminster type just a.
easily a- .-itting down to an enjoyable dinner, and Du Bois Smith, who
forth at the traffic centre of America, Forty-second Street and
Fourth Avenue. Pardon me for adding the street and the avenue 1111m
bers, but there are still some people who do not know where this great
traffic ?entre ig. Then there fire Irving T., H. Iv?s and Havilah M., Fred*
?rick ('. .).. Harry B.. Faune M.. David. Bernard H.. Albeit F., .Jame*
?lay, Fee T.. Malcolm F.. F. M. Marshall. G. Waldo. jr., Gilbert O. and
many others. Reads almost like a page from the city directory.
MICHAEL CASEY, ?he associate real estate editor of "The Sun,"
would rather walk down the dales and over the hills of Westchester on his
?lay off than enjoy the . ?enery of that beautiful suburban section from th?
.a? of a touring car. The reason is, he is one of the city folk who
can in 110 other way apnease their fondness for the well travelled or the
?luiet highways of the nearby country except by a liberal usage of Shanks'
mare. It is a strange ?oir.cidence that scores of other persons who are
either doers or critics in the market are happiest when they are foot
travellers on some winding country road. As a writer and as a
teller, Cesey occupies a front seat in the Fraternity of Real Estate
Scribes. The poet of Yorktown Heights recently wrote this about him:
Ifnt> off to Michail COSSU,
Ile knows Where Perfect Bliis Re
It' [top < t the Hill ??' H 1 '?" ?
And on itts Green Colored I'laine.
OPPORTUNITIES IN
BROOKLYN REALTY
Expert Says Land Along
New Subway Line Can?
not Fail to Improve.
TELLS OF STRENGTH
OF BOROUGH PARK
No Foreclosure Since 1907
Where Lots Are To Be Sold.
Declares Frank Bailey.
Investment opportunities in real ??
?ate are better in Brooklyn than in an.
part of greater New York, according to
Krank Bailey, vice-preaident of the
Title Gu?rante? and Trust Company.
who is considered the leading aotl
in nuch matter*. Mr. Bailey expressed
the opinion yesterday thi4, Brooklyn
properties along lines contiguous to
rapid transit new nearm-* completion.
where itm>t improvement-? are in, and
which are capable of being built on
now cannot, fail to improve largely in
value during the next, few years.
The well known title company ofTi?.
rial made these statements while du
eusainf the advantages of Borousjh
Park, where 2**1 lots are to be sold at
auction on next Tuesday night at tha
Academy of Music, in Brooklyn, by the
.1?re Johnson, Jr., Company. This sale
is held to ' all of the unsold
holdings in !h<- original Borough Paik.
where mor?- fnan two thousand hou -e ,
have beer built and ?old. Thre
hranchrs of the new dual subway -?>*
?em pas* through the property.
"The strength of the Brooklyn mar*
shown," Mr. Bailey ?aid. "by th?
at adjustments in Brooklyn, du?
to depressed buahtoaa conditions are
lar less than they have been in Man
The situation in Brooklyn Is
much sounder.
"New York builders have been accus?
tomed tu placing a certain valu? on a
lot; of adding that value and the eoat
of ? house and of taking two-third* of
the total amount as the amount of the
permanent loan. Their figures do not
always represent the actual value. 11 ?
total was so large that when lending
companies called down 1?) per cent or"
the loan the average builder was
"in Brooklyn conditions were differ
ent. The average loan is only $?.000.
ami when the general adjustment of
values made it necessary to call in 10
per cent all around, Brooklyn owners
were easily able to pay the small
amount and property values were not
sacrificed. In the last year Brooklyn
elf in the best shape and
w has the advantage of being
of boroughs that will
receive the benefit of new transit.
"As for Borough Park, its strength
is shown in the tact that since the
depression of 1907 we have had no
foreclosure?. Now we are making
building loans there, because ?a
are able to rent and to sell. It is our
policy not to aid in building operations
which can neither be rented nor sold.
We look upon Borough Park as a auc
d b4cau.se it la directly af?
fected bv tha new lines of transit and
anee for improvement.
"Such a wide field is now covered
by transit improvement* that I do not
believe any improvement in conditions
can lift all sections effectively at once.
Borough Park has the peculiar advan?
tage of he ng one of the sections of
the city where good transportation i
tn he improved by new transit lines,
are two periods in all develop
inticipation, the other
is realization; at Borough Park we
now have the realisation, while in mo*'
sections where new transit lines will
reach they are still in the anticipa?
tory .-t?te."
THE PUSHCART PROBLEM
Borough President Marks An
nounces Adoption of Plans.
Borough Preaident Marks announced
tha final adoption of plans
foi solving the pushcart problem :n
the Borough of Manhattan. It is pro
to utilize the recently legalized
market under the Manhattan Bridge
for this purpose, and it is intended to
erect one hundred or more model, san?
itary, iro.i and metal stands, with stor?
age space underneath, so constructed
that they can be easily cleaned.
The market under Manhattan Bridge,
said President Marks, is admirably
suited for this purpose, being in the
midst of a densely populated district,
and meets with the approval o" the
Superintendent of Markets and Con?
troller Prendergafct. It is believed that
this beginning at Manhattan Bridge
will solve a problem which has
given the administration considerable
trouble.
REAL ESTATE AT AUCTION.
BEAUTIFUL AND
HEALTHFFUL PLAfl
Subway To Be P0tcnt
Factor in Bay Ridge
Development.
BIG OPERATIONS
IN THE DISTRICT
Erect
Sullivan Planning to
Many Dwelling
Houses.
Samu-i Galittata, the w?|; i-^
I broker of Bay Ridge, gty| thataeh*
' man power can now ?top the jitiLb
ment of Bay Ridge r,n u ?j^j,. "T
; mens?rate with Iti superb loeatioa?^
! other si
"The Bay Ridg* Meti?? ii the ?_..
beautiful pat- . ? Brooklyn, in.??
benlthif>?t u ?I o greater
' Gaiitzka "If ? bound to be *,,. ,
ri*a,t'' *" '??diatV.
change tne Fourth <=v. subway wi'ik,,
: potent fa?-- mi
"Wi are doing -ore building t, _,
I Bay Ri'lgf Motion than elsewh?,^
JEREM?A! J. O'LEARY.
President of the West End Board si
Trade and rha.rman of the Citi.et?
Fourth \?enue Subway ( elebratM
Committee.
Brooklyn, an < th< valuation <?' Bs'
Ridge property i? not within 50 p?t
cent of i be within two yea?
hence. H? r" 'he demand for ubis
proved property is increasing daily, ??4
wise ?peculator? will 4?
well to take a ?lav off to irupec*. Bl*
Ridge.
"John F Sullivan, the man ?dw knit
and sold over 30(1 houses In B
. i? krowr. >? '?'
father of i - ar. subway,' n
pian? ready for nfty-tt?
famii be erected at ?net
"Stecher & Walsh are now co-fitt?
ing a ation on "7th SL*w
th and Fifth avs. Mart
Green & i o. ate building a ?olid bit*?
of husme? St Mth ?t tti
Fifth trick J. Carltyb-?
\ completing a solid block of hovu*??*?
?'-. and Senso
avs., consisting of lit}
houa? . "? ?s1 t tlntt
been - - also ?tar?
ing a business biork on the comer ?"
75th st. an.i 1* ftli av. Sifmund <*?*
berg has in cour?? of constnictMi >
solid business block at Fifth ???
' Oringtofl a?-?
?>imon Abels, who was anoci???
I with the well known firm of Abel? ?
! Gold, has purchased several ?*-V J*_
1 eels ?n the Bay Ridge section. U* ?
j about to start operation. Ex-Cobs.??
I ?ioner Thomas R. Farrell ha? jus* ?a
j pleted live two story builiin|?, -t'*J
stores, at Fifth and Bay Ridgo ????
"The high school for girli. win? *?
! located on 6Sth ?t. and Fourth ??-.J?
the most up-to-date building of it? -??
I in the greater city. We hare no? ?
I course of construction a largo thOW?
1 which will eoal ?Pout Ka'-QM
REAL ESTATE AT AlltlWj
For $50 ?? $100 ?*
YOU
may be able to buy
LOTS IN N. Y. CITY
within a few blocks of the new
SUBWAY STATION
Directly on the Line o? the
City's Grow*
at the sale of the
779 LOTS
of the estates of Bradish Johnson, Inc.,
and of Martin Schrenkeisen,
Westchester Ave., Clason Pt. Rd.. White Plains RA,
and adjacent avenues and streets, to be
SOLD AT PUBLIC AUCTION
no matter what price they bring
TUES, and WED., JUNE 29th and 30th
at the Exchange Salesroom, 14 Vesey Stree*
For parti? tttsrs, apply to , . ?yt.
' 1. Clarence Davie?. !40lh S? V?^
Joseph P. Day, 31 Nassau St, N >^\J