Newspaper Page Text
SUN, SUNDAY, MARCH 3, 1918.
1 SEEK NATION'S HELP FOR NEW YORK REALTY Condition-. nffectlnf the market for rM'l iMate, hut moro particularly the flainclns of tho market, have recently received tlio attention of several of the he&d.i of IcAdlnif nnd representative In atl'tutlotiH and companion who are con cerned In tliat branch of the business. 6ttr.l nicfttlnse have been held within ,, jiast month and . definite line of action laid out whlcrulhey believe will remove thn moro rertous perils that oerlians the market and tend strongly to rrstoru confldenco and atablllze value. The flmt of these meetings was held In the library room of the lleat Estate Board on January 29. among those fresent being lols V. 11 right, president lawyers Title Insurance nnd Trust Company: 5erald It. Brown, controller of tho Equitable Llfo Aeaurance Society; Hubert A. Clllle, president Germanla. jjf Insur.inco Oointwiiiy! Edward J. DeUIn, iiianager Now Vork Ufc In larancn roinpany; llobert E. Dowllnic, president City Invention Company; Will Urn rolMtiKir. president New York Sav ings Itink, lUi'hard M. llurd, president lawyers Mortgage Company; II. A. KahlfT, president New York Title Com pany; Clarence II, Kelsey, president Title Ottarruitee nnd Trust Company: Alfred i:. Marling, president Horace S. i Ely k Co. , Laurence McGulre. presl- i ient United states Kealty and Improve, went Company und also president of the Real Kstato Hoard of New York; Qeorge T. Mortimer, president Kquttablc Office Building Corporation; Kranklln rcttlt, president of the Itcalty Company of America; John ,T. I'ollcyn, president Emigrant Industrial vSavlngs Bank; Henry A fVheriok, president tlowery Savings l!ank, and Walter Stabler, con troller Metropolitan I.lfo Insurance Company. Alfred 13. Marling was chair man and John I.. IrUh secretary. have obtained also the cooperation of Henry Morgenthau, and acting; partly on hla advice and that of Laurence Mc Oulre, president of the Real Estate Board, have retained the services as attorney and counsel of former Con gressman John J. Pltigerald of Staple ton, Kltxgerald Mahon. Mr. Kltigerald was chairman of the Appropriations Committee of the House In the last Congress, before which the War Finance Corporation bill Is now pending, having been sent over from the Senate a week ago, with a few amendements, tut before tho amend ments advocated by the Marling com mittee could Lo placed before It. Mr. Fitzgerald Is now In Washington on this mission. Those who have studied she problem most deeply and are best acquainted with the underlying conditions of the real estate markets of this nnd every other city of Importance In tho country are most earnest and determined In ad vocacy and support of the war flnanco corporation bill with the amendments Indicated. Most of them think the real estate Interests are greater and of more Importance to the nation In tho success ful prosecution of the war than the In terests first considered In the bill. In this city alone the entire volume of mortgages amounts to something like $8,000,000,000, anil not lew than a fourth of them mature and become due and payable every year. Tho per capita percentage Is probably higher here than elsewhere, but every other community In the country Is affccled In similar manner an New York and needs the protection that would be afforded by theso amendments. Undoubtedly they would have Joined In the demand voiced by the Marling committee of New York's financial Insti tutions If they hud been asked, but there was no time to ask them and there Is but little time left for concerted ac tion In the country. WILL HEAR ASTOR ATTACK ON ZONING APPEAL TO MAYOR FOR SUBWAY EXITS William St. Owners and Business Men Complain of Facilities on New Transit Line. Board of Appeals to Decide Madison Avenu Dispute. The question of whether the restric tion placed on the use of the property on the west side of Madison avenue, be tween East Thirty-fifth and East Thirty sixth streets, belonging to William Wal dorf Astor, Is Just, Is to be argued be fore the Board of Appeals on Tuesday afternoon, March t, In room 919 of tho Munlolpal Building. Tho case Is set down for 2 o'clock. Charles A. I'eabody, attorney, and Peabody, Wilson fc Brown, architects, nro making the appeal on be half of Mr. Astor, who Is seeking per mission to extend n business building Into a realdnnro district. The property affected Is at 11 to IT Esst Thirty-fifth street, t2 to IS East Thirty-sixth street and tho block front from 200 to 214 Madison avenue. Tho property Is ill reclly opposite the Church of the Incar nation, which Is at tho northeast corner of Madloon avenue and J;at Thirty-fifth street, and diagonally across from the residence of J. 1'. Morgan, which Is at the northeast corner of Madison avenue and Thirty-sixth street. Madison ave nue is given over to business for practi cally Its whole length south of Forty second street, with tho exception of five blocks between Thirty-fifth and Fortieth streets, on tho east side, and tho blocks between Thirty-fifth and Thirty-seventh streets and .Thirty-eighth nnd Thirty ninth streets, on the west .side. REALTY MEN RALLY TO NATION'S AID Suburban Builders to Stop Production While U. S. Needs Materials. Suburban home builders have decided that thers shalt be practically no new construction In the suburbs of New York aa lontr as the Government neede ma The national "Own Tour Home" com mittee conducting home owning cam paigns In sixty-six cities throughout the country has been advised of tho action of the local committee with tho probable result that home building throughout the nation will be discouraged except In canes of pressing necessity. Pressing necessity In this connection means help ing tho Government to solvo tho housing problem.. "Suburban real estate men In this sec tion want to do everything In their power to help win the war," said J. W, Doollt tla vesterdav. Mr. Doollttle Is chairman of the local "Own Your Home" commit- . . . . , , i. tee. 1 ney an noi warn 10 .miner wm Government In Its constructive pro gramme nor to profit when to profit means to obstruct. While the 'Own Your Home' campaign RKAf. JjTAT AT AUCTION. BEAT. K STATU AT AUCTION. WILLIAM BEARD BUYS. I'n- Dispute over entrances and exits to i subway, but w are. vitally interested tho William street subway of several ' In enough entrances nnd exits for this years standing litis been taken un by 1 William street subway, and expect to In tho Informal discussion Ihe.'re was ! thc clV u'llorlll " result orjjent ! Pet them. neral agreement that the nnnreee "WW's oy propeny owners nnu oust- ' mm m.n n u m-m cuiii-iusiveiy dotted ftrlngencv was due entirely tn uefs concerns In tho territory to be Proved that eleven entrances on the 2iZh?wtth& .1- "rved by tho new subay rouie. which "roadway route at the John and Fulton according io latest mrormaiion, is soon i " , , V , ... ramllv of that i to be put Into operation. Singular In- ,a ft"' 1 JuL." ' The building, w been available for tho financing of real estate operations was gone, proba bly Into Liberty Loan bond. Building operations, it was felt, could under ex Isdrtg circumstances have no considera tion until the war has been won. But the entire absence of money for Oo refunding of mortgages presented an aspect of the situation that was. In the minds of many, becoming Increasingly disagreeable to contemplate. Under.nor nuU conditions the maturity of a mort gage was an Issue In the ownership of real property not difficult to negotiate ; either the mortgagee extended or re- deed Is the complaint of thee Interests. They are not asking for greater snerd tn finishing thc tube, nor have they any rault to nnd with the construction of the subway itself. Their objection is the great lack of entrances and exits. Only two stations, with comparatively rew entrarcer, tap the route south or William the fact as against Cash ntn! AcreiiK;.' t.ltcii for nions Ilronkljn Home. Tim Hillhurst Apirtmcnts. on the northwest corner of Prospect Park West (Ninth avenue) and Klghth stre.t and opposite the Lafayette Muunment nt tho Ninth street entranco to Prokpeet Park, has been bought by William Beard, a member of tho old Brooklyn family of that name, for an Investment, hlch has frequently been th7VhU h nek I 14-t feet ' " u " "" W.rWnt bouse ., -en JLJn Hr . ... v B I Brooklyn, Is a six story structure, t .00 feet on Broadway. covering a plot 100x97 and containing mwed the mortgage for a further term. Is thrown open to the public. cr ho wa paid off with money realized 1 It Is one of the Important routes In from a new mortgage obtained easily the city's rapid transit plan and will In the market in due course of business. not only serve this borough but The Now all that was changed; there was Bronx, Kings and eventually Queens. It to money for loans on mortgages and a I Is part of the Intrrborougb's system, lirger than usual number of morgagecs The congestion at the Fulton-John Mrcet were refusing to renew or extend and 1 station and the station at Wall street were demanding payment perhaps de-. morning and evening when the subwav siring to put their money Into Liberty Is in operation promises to be tho most bonds, or other Investments. This sit- serious that has ever faced thl citv. uation bore with particular severity on 1 There Is to be no division of the flow ths owner who waa not prepared to pay ' of uptown or downtown traffic enter- XKXV BJlOOKl.rX TIIKATJlK. Thomas W. Lamb, archVccct, Is de signing a two story brick and terra cotta theatre on plot 100x241 to be the Brooklyn Bridge, despite the fact erected nt the northeast corner of Ful that practically 90 per cent, of the thou- I ton street and Itockwell pUc, Hrook sandk' of workers ca.t of Nassau street ' b'n. Tho owner of this projeo:. li the and south of thc old brldce will use I Freel Trust Company. The cofct Is es- this new line of transit as soon as it ' tlmatcd to be in the neighborhood of I22S.000. MA.VIIATTA.V Al.TF.IIATIO.N S. 2D ST, 1C E, in tl r rtory olid hi. ment dwelling E L Waylles, 61 VU at. ouner: H A Jacobs, 320 2th av. Rrchi tert; ent 130.000 thirty-seven apartments consisting of 157 rooms. It Is of stone construction designed In the Italian Renaissance style of architecture. The seller, Rich ard Brldgette, valued the apartment at J350.00O. Mr. Beard gave J100.000 cash and sixteen acres of Jamaica Estates, valued at $ I JO. 000, for the equity 'In the Brooklyn building. An Interesting incl dent Is that the Jamaica property In volved in tho deal whs formerly owned by former Lieutenant-Governor Timothy L. Woodruff. The transaction was ne gotiated by John C. Carroll, represent ing Mr. Brldgette, and Michael Furst, representing Wllllnm Beatd. Joseph T McMahon of Brookljn was the broker. UNFURNISHED APARTMKNT8 TO I.I5T. UNFURNISHED APARTMENTS TO LET. off and who could not get his mortgagee to renew. But it bore al upon thc mortgage nd title companies, which had guaran teed great amounts of mortgages that were outstanding in the hands of their ing the stations, nor separate exits for up or down town traffic. Persons wish ing to travel noith or. south will use the same entrances on the east side of the street, which Is perhaps the nar rowest in this part of the city, having customers and gradually conilnc due. i been laid out ni a time when there And It bore with serious Import upon little to Indfoats the future commercial um pio.-r.ecis or saving banks. In cae greatness of the street, the nit Liberty Loan should be nut nm at a higher rate of Interest than 4 per cent. (It has elno been decided at Wsth'.ngton that this loan Is to pay 4 U ?r cent ) Noie of the committee believed that tho dangers Indicated were Imminent, for with few exceptions most holders o, muuring mortgages had agreed to txtn:-inn of their mortgages on terms n,i,- ctiiamciory io uie. mortgag William street business men nnd own ers point out that on the present uhway there are eleven entrances and exits at the Fulton and John street station. There Is reason to suppose that there will be need for as many at the rulton and John street stations on the William street subway: In fact the Inclination Is that more means of ingress and eitrefs will be neees.ar if the public Is to i have the fntl heneflt of the pew Mihiv:tv. t crs, but the peril wa In prospect and As constructed this rtatlon Ins but thrf'c we prevailing conditio is were tending narrow stairways. 270 PARK AVE. HOUSEKEEPING APARTMENTS '47 io 48 Sis. Park io Madison Jives. Ritz-Carlton Restaur ani :o the undermining of values In ih face of renting conditions that were bet 'er tli.in they had been for at least a rtneration The-n was unanimous agreement that ornethiiig had to bo done to relievo tho tns:on, and soon at that. Two com rritteei were appointed, ono composed of Messrs. Kelsey, Bowling. Fctttt. Schenck and Stabler, to consider mat ters Wore the Legislature at Albany; & other composed of Messrs. Bright. Dv!in, Felslnger. Hurd and Kahler. to ttke up the matter of relief by way of Washington. The later committee had noted tho Introduction In the Senato at Washing ten hv Senator Simmons the day be fore tho incotlntr above referred to of The William street district has de veloped Into one of the mot Important down town. It Is estimated that per cent, of the marine and fire Insurance business of the country Is done there It Is also the centre of the drug In dustry. Good nnd comfortable service Is essential to this district In which a great number of people are employed every day. Thc serlousnesi of thc lnck of entrances and exits was seen three years ago, and the matter was taken up with tho Public .Service Commission in tho hope that It would rcmed tho de fect In the plans before construction work bad reached the station phase of tho undertaking. Since nothing hns been done and tho subway Is rapidly nearlng completion, owners nnd employ ee McAdoo bill to create a J500.000,- 1 In the William street subway zone cao ar Finance Corporation. They found u;io:i Inspection and study that with a few simple amendments this bill splendidly designed to extend the relief deirel to the nIectcd or over looked real estate market. Tim amendments asked for are de igned to authorize the War Finance have formed a committee of i!D0 mem hers representing every Interest, with Rudolph Wlrth of 11 Foiiger.i & Co., chairman, and Charles F. Noyes of tho Charles F. Noyes Company as secretary, to take up the fight for more entrances and exits. An anneal sent by Mr. Wlrth I to Mayor Hylan was turned over by Oorrn-aHo-, ii,,. i' .!,. e acting Mayor timlth to Borouch Presl Its flnai.oai operations besides banks I dent Dowllng. who ha- ordered city aid trust companies savings banks and ! engineers to investigate the compla nt of llie iiuaiu Mreei tuiiniuuvi-. tnor'rage and title companies; and to i-reu as collateral on loans to them 'JM ecuritles as are now lawful In a.i It re. guested. It Is the first step In the ngnt wnicn I'Stments fo- dnes hanks unit trustees i 13 m lo wln ,,,r us w,ml wu "c""u of tat. o' rf)-, nl ,,nrfer H essential." said Mr. Wlrth yesterday. toUl "MV commltteo represents over a thou- & S coverThetuire-' '"....l !. ntr.ts of the situation, and In case of nerser.c provide a source of relief man attempting to cope with the Public W JX , 'r0 . . ."UrTJ .l . I Service Commission. This Question of JvTL "after hai coul1 thr'6" adequate entrance and exit facilities to -0uM lr0Ur,e f War .Lna.nJ"lthe William street subway Is not a new Brir'. ''fB on these points the, one U waB agitated In 1914, 1915 and srlg... rub-committee reported back to 18H Meetings wero called, promises ,v mn committee on February 7. W(.r madei bllt noting done. Now, vie o the whole question was again re-, ,,, Wam street subway Is practically i?'1 uisiUSS,,1 from every view- ccipleted and almost ready for opera point The recommendations of the sub- on but without proper facilities so oonin tlM nere unanimously approved i ,nat it can be used. Our committee and M' H-,gh' and his associates were wm make no recommendation, but has 'Jinnr zed to employ counsel, to send a , ashed Mayor Hylan to order an abso sei'gai.on to Washington ami were dl- lutely Impartial lnvcstfgaiion, and our recte.1 to take all steps necessary In oniy alms arc that the William street teir 'u isment to obtain the amendment I subway nave adequato entrance and exit tf the War F.nance Corporation "bill as i facilities at Fulton-John street, and ;n-ned . that these entrances and exlls bo pro- S i" ' m t 'o committees tho gen-, vlded for before the line Is open to the ith , mil tte- acting through Mr. Mar-i public. nig .i i i',e .'ib.commlttce through Mr. , "Kxeept to see that tho city gets the Brig i - tdifi lfU.n Imnnrtant ktenn h.t nfiwuihli. wervlce. tn ju'e not Inter. t o i'chlcement of Uic end i ested In how the entrances and exits are ii-'v nt tired. They have been ' provided. That duty rests with tho Pub. I' 'iid. me with Senator Caldcr, He Service Commission, tho Board of indertaken to "do his bit." :tlmate and the company operating the to ,ird sr.'ii r in ( r ,weAncir I h i Lzl jVA't -FfN 'sii'tai DEY ST O L FULTON CfTTRANCeS" fRMf STREET L C feom srecET pfiiac jhn . . EiTrV I J ENTRANCES' I I FROM ST SET I f ENTRANCE I 1 1WOOOH ffLDO Entrance and exit facilities at )'' ubway (at left), and new subway v . . John street stations of old AS thc Y o r Csritn jcen ttrv'Archnjy Booma of eminently spa clous proportions (all out rule. Including servants' quarters); exceptionally high ceilings , unusual closet room ; open fireplaces . private foy ers, private laundries. A groat inner Italian Uarden, wider than a city street (that Insures quiet and sun light), with double drive ways to private entrances. peer ot icw k Apartment buildings. 270 Park Avenue offers you a com bination of features for comfort and convenience hitherto unknown and well worthy of your consideration. Unequalled privacy through out. A Rltx-Carlton Ilestaurant In the Park Avenue side. A location In the heart of the city's exclusive residential section. These splendid ad vantages may best be appre ciated by teeing the premises yoiin-elf Our representative is there tor your convenience. 10 to 17 Rooms, 4 to 6 Baths, $5,100 to 515,000 Doualas L.Elliman & Co. Pi III 6lh Si Specialist in Residential Properties. 414 MADISON AVE. Murray Hill 5600 iliii'iiiiliili'iiliiiim shipyards and governmental works. This decision goes far beyond the suggestions of Secretary McAdoo and others con cerned with tho nation's housing prob lem, that building operations be reduced to the point of merely taking care of nor mal growth. Leading action in this matter was taken at a meeting of suburban owners and developers, held at thn Heal Estato Board rooms under the auspices of tho Own Your Homo committee. As a re sult of this decision the "Own Your Home" campaign which was to have been launched this month In New York city, Long Island, Weetchester and New Jer sey has been held In abeyance until such time as tho necessities of thc (Jovern ment are not paramount. terlals and labor for housing men at ! an planned was not Intended In i nny sense to DO n nuiioing cuinpniB", uu, ij-mv, one of education for tho purpose of en couraging peoplo to own their homes, Inculcating thrift, economy nnd better citizenship, the Impression has gone abroad generally that the campaign was for tho purpose of stimulating building operations. This was not the case. But since tho Issue has been confused It was decided to defer our campaign until the Government's requirements of materials and labor have been fully met." The "Own Your Home" committee will lteep In touch with the housing situation, giving the government whatever assist ance It can toward solving Its problems and meanwhile continuing preparations for launching Its campaign at the proper time. WESTCHESTER REAL RSTATR WESTCHESTER HEAT ESTATE. THE GREATEST SALE OF WESTCHESTER PROPERTY EVER KNOWN IS NOW GOING ON To Settle the Estates of Welcome G. & Clara F. Hitchcock, SOLE OWNERS OF THE SCARSDALE ESTATES All of its holdings, chiefly in Scarsdale, are offered at a special bona fide sacrifice sale. Consisting of Houses, Plots and Acreage. $2,000,000 Worthof Property No auction, but auction prices and auction terms. All improvements and splendid electric train service. OffenriRS include 15 charminc homes; choice wooded and hill-top sites: plots adioinins Scarsdale golt course: low-priced bungalow site; two lari-c tracts ripe and ready for subdivision; and public garage at railroad station. fiend for booklet with photon of bou.ei and complete Information. SCARSDALE ESTATES, Robert E. Farley, President. 12 East 44th St., N. Y. C. Depot Sq., White Plains., N. Y. Thone 7770 Mnrrs Ittll. Winn White I'lnlui. j This Is What thc Banks of Westchester County DOLLAR BILLS FOR SILVER HALVES I nr! offering to thrifty Sew Yorhr tvho tranf to own their own hornet. One million doliir' i worth of dudhngi arc beiny offend at jiritafc I ..t. 1. ' 1 L suic umtpy .uuiw. The taiirst terms tm rrrr heard of. Xtnd "r HUiStrated Leaflet cf Griffen, Prince & Ripley's Home Clearance Sale I 18 Eeitt 41s St., A. CV.v. yy.W JKRfEY KKAI. ESTATE FOR SU.E. I NEW 4ERiKY REAL ESTATE FOR BALE PRIVATE HOME, IMPOSING COLONIAL DESIGN, IN FAMOUS M0NTCLAIB-M0RRIST0WN SECTION. SACRIFICE PRICE, $9,500. MORTGAGE, $6,500. $3,000 ON EASY TERMS SECURES TITLE. On U'ftilUtuI corner plot 150 fr hy rim f rnwrcl with Que oM mI, rleeaiit Iswn aiu) irroiiivlv, arintorrallc urTMim1lnir Athl nrlchb't.- only a fow inln ulv' to rnrt'.v. st itlim nf P., I. A V 42 minute cm trMn n N, V C .rcIy for occupancy iiow;fltttwUh rrry nirHern comeniome. Write or 'phone K. L. Ktlhv, Is r.al HJtli M.. .V V. Itft, I'hp bin living nxtnts, .otn ttlHT ttK-l liiths, pool un-1 hllharil rttuin. nil liu?i(iiomtly tlnlshM In par tVlfi flnfr, white nmM anl chewtnut trim; vy con xrnlontly rxttvt 11 to market f, 'hol, rlnirchfs unrt Nrvoral country ilnt near b , i'ven Imivlrfl fit tlt ntlon sVarklliiK. pun .irtlan water mo riaxH. RKAI. KSTATK KOK Mr-tH K!A . ItKM. HSTATK FOK AALK lltKENh. Five Reasons Why Our Buildings Pay 1. Our chief executive really superviae. 2. Our engineering department it highly expert. 3. Our rental department keep our buildings profitably tenanted. 4. We use the foresight in preparing for unusual conditions that kept heat in our buildings during the recent coal shortage. 5. We treat our clients' interests as our own, and work accordingly. We can show you how our service will make your BUSINESS PROPERTY pay. Doutilas L.Elliman Co. at 4.th fet 414 Madison Avenue Mnrry lllll 6(100 Studio Apartments One Hundred Central Park South S. W. Cor. 59th St. & 6th Ave. A new 14-storv fireproof build ing of unustiiilly high character. Centrally located and conven ient to thc leadmn Clubs, Hotels. Theatres. Restaurants. Grand Central and IVnn. Depots, etc. nill famlllm l hfre prmlded for. Hull" of 2 and 3 Rooms and Bath Rents $1,000 up. Latter Suites Easily Antnti North LitU Studios Suitable for Artists Duplex Apartments of 6 Rooms and Baths on the Upper Floors RMtsurant on Main Floor Will Vfxyt .Meals In Apartment If Uealrrd JOHN J. HEARN. President Offices: 1036 6th Ave., Cor. 58th St. I'hone Pltja-9299. IIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIlli 1 21-23 West 58th SI. I E New 12 Story Apartments, 2 and 4 rooms, 1 and 2 baths, 5 I $1100 to $4000 1 Apply on premises or PEASE & ELLIMAN, I jj 340 Madison Avenue - telephone 6W0 Murray mil. E Z mm iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimi BBAIi IHTATa AT ACCTION. i mtnj ii -iw i I'm" i ii i i nnnn ir,in mtfn JERE JOHNSON JR. CO. Real Estate Auctioneers 111 Moctuut 8t . Brooklrn, T.I. Main Itli, 815 Park Ave. S. E. Corner 75th St. Nw 14-ntory itnirturt,, rnntalnlnK numrroun unique features llirounhout. Well Arranged Suites of 6-7-8 ROOMS 3 Bsthst Attrtctive Rentals llepresentathe on irrmls, nr J. ROMAINE BROWN CO. MANAGING AGENT 209 Msdlien Are.. Cor. 4tit t. Telephone Murray Hill MSI. Long Island 16 Minutes from the Heart of Manhattan A finer climate than Man hattan. Better transportation than most of Manhattan. Charm, individuality and agreeable social life. Must you exist in Man hattan or would you live in Kcw Gardens ? There are some new ftfar artlstle, livable welt north a Sunday alternoon trip to see. Edgeworth Smith Sates Manager One West 34lh St., N.Y. Phot. Grt.l.y 5250 Office il Kw CideniStilion Phone Richmond Hill 1713 forest Rills Gardens "A KorwaM Mnv.m.nt In Suburban Dev.lopmmt '" II UlnutP. from t'nn Htailon, IlouaM and Vlll I'lut. for Sal. SAGL FOUNDATION HOMES CO. 47 W. 4th t.. or Komi Mill., U L Bend for Booklet S, Dfegrvoiv Contracting Co., Oiltri to Home Buyers. SEVEN New Houses K.U II 1TII l. lt.dK Unusually writ planned and care, fully constructed in thc Hill Sec tion of Jamaica, Boro of Queens, New Votk City, known si Hillcrest Park Th(.fl HoiiKmi contain from sen riMuifl and onn bath to ton room, and tbrttf tiaths and range In price From $8,000 to $ 1 2,500 on reasonable term s Addrrti. for Photos, runs, etc., DCOXDN CONTHAf TfNG CO. llil.crrjt Office, IIIIMdi" IrtinaiiM. N. Y. r. i III,kKh rt of MuUllrrV Monument Tctepho-ic Jamaica 1033. WESTtllK.HTKK IiEAL ESTATE IIHSINKKS MKN-A11 KNTION!!! Within mlniit'i of JI'tbM ."(ur.i will miirtnc'i beautiful modciri h"mo Hjiemrv brlcli fra-ini', gur.isi-, rooniH, hath, S.OOO BTU.irn feet nf lawn; within 5 mlnuto. walk of andy bathlns braeli, must Iihmj J."00 raah at onve: balnnc verv en.v torim. Jt A, BTKI'IIH.N.SON, 1CI West 34th ft., N. Y. C- llrceley 4115 WONDERFUL BARGAIN CrafUman hou, 6 room, and bath, hi nut'r heat, eleetrlclty, Ba, water, .eweri ;7 mlnutea from 53rd nt. & "th Ave. i laricv srounrt.i prlvlltna of prlvte hathliiK beach: enay term. A. BTKI'IIBNSOS, 1CI Wet 84th Ht.. N. Y C. tlreeley 435 BEAUTIFUL FOREST HILL GARDENS Only IS nilnutaa from llnrald H'liiar.. Attractive home, finely ailuated, H room., .1 bath. perfect condition. II, I KVOKK. 53 Beaver trc.t, N. Y or Phono 6si3 l-'ur-e.t llllla. I.OMi ISLAND HBAt, ESTATE FOB S AI.K OLD COLONIAL FARM HOUSE I room., with lmproejnent, barn, poul trr hoiut, fruit; only 11,100, 1 I, farm. and ahora front, n apeclslty, U. D. OILOEKSLEEVK, 1 WMt Hth St. TO RENT, FURNISHED, In Purchase, Port Chester, Rye and Greenwich. SIUOU tit ALlli:. ti room hou.e; rlirr running ilirouiti proprrt. linn too ACKKH, Dn old houe ; xarase. S.l0 2U Ai'llKM. Ill room hou.e: fine old trre.. SI 000 lit ACRKS. VII room home; Sound lcw. SUOOrio ACHKS. '.' room house; n bath.. I-' ACKKM, VI room house, aeferal hatha: prlc on appllcAllon. BRYAN L. KENNELLY, l5nrnndHU, N. Y.rltj. U3Ui sUiaiv,iclie.ler and 527 5 AV. Naarby Connecticut 1'ropertUa. In.uranc. IIIION.X BKAI. KVfATi: FOR SAI.II. ARE YOU LOOKING for ;i 'afc mvostnwnt that will p;i more thiiii 10' f on amount ip visuil." lf ii. vu' cm show you homo choice income properties .it attractive prices. 1 w'll pay you to investigate. J. CLARENCE DAVIES, 149th Street and Third Avenue. IIKAI, ASI ATIC WANTKI). VANTEU 5 to 21 acre., with modem houae, Weatch.lur County, Ixinir Island nr Connecticut: no broker. Owner foil J full particular, to IHJYKH, hov so Hun oitlc. Executire 31 Ntitau Sf.. N. Y. yhlf m Auetloneor M TeleplMM 744-CwlIuA TRUSTEE'S BANKRUPTCY SALE LORETTA CORPOHATION. BANKRUPT (FORMERLY M. & L. JARMULOWSKY BANK) BY ORDER OF THE U. S. DISTRICT COURT HON. WILLIAM H. WILLIS, REFEREE LOUIS H. STROUSE. ESQ.. TRUSTEE The Loretta Corporation, Bankrupt, was formed to take over the assets of the M. & L. Jarmufowsky Bank subsequent to latter concern being closed by State Banking Department. The Loretta Corporation now has gone into bankruptcy, and the U. S. District Court has ordered me to sell at public auction the parcels listed below. The Bankruptcy Law demands that bankrupt estates be liquidated with all dispatch, hence my instructions to sell this property at auction. The forthcoming sale will, in my opinion, afford many opportunities to secure these properties at ridicu lously low prices, even in spite of present conditions. Inspect and secure all information regarding these properties. Attend ' and pick up some of the bargains at this sale. On Thursday, March 21, 1918, AT 13 O'CLOCK NOON AT TIIF, VEBY NT. EXCHANGE SALESROOM. 11 VKSKY 8T. I 438-40 & 442-4 E. 117th St. Two 0 utory brick tenement, with 3 I htoros; lo 77.sto.0.1l. 95 Suffolk St. 5 story brick building; 23x100. 537 East 12th St. a A story brick hiilldtnc: e.Uo 23il03 3 N. E. Cor. Av. B & 16th St. (KnuHn a 25.1--m Ate. II.) Two 3 story brick buildings, tlto 42K5S. 601 East 16th St. fAdJotntng rnrnor Ate U-) A story brick buHdlnsr; lzo 35x82. 411Eastl00thSt. 0 story brtrk tnrmpnt. 2 atnraa; Hire 37 UllW.ll. 524-6 East 118th St. 0 atory brick tnftmnt. 3 atore', K.ta 4t.Kitcxi tl. 330-2 East 102d St. Two 0 story brick tonemanta, a storta: sl M. 31100. 11. 87-9 East 111th St. 4 story brick tnemimt, 4 stores; size 38.1Hal00.11. 428 East 117th St. 0 story brtrk tenement. 3 storm ; Ue 4Jzloo.ll. 433-5 & 437-9 E. 119th St. To 0 story brick tfnAmeots, 3 stored; sls 7.MIO11 1 1. 25 West 136th St. story lirlok tonnment. 2 storsa; titr 37.ftt')n ti. 30-2 West 137th St. To f) story brick tanomsnts, a stores; slm 7wi.lt. 205 East 126th St. 3 story brick hiilldlnsj; sltn lflrBO It. 211-3-5-7 East 126th St. Four 3 story brick buildings; lm W4tm II. S. E. Cor. Pleasant Ave. & 120th Street. A 0 story brick tenement; tltei 40x100. Block Front on E. S. of 7th Av., bet. 131st and 132d Sts. Improved with h 4 nunr brick thmtre bulUlnj and two .1 story brick buildings on each corner. Stri lW.10tl2.V HERBERT McKENNIS, Eq., Atty., GO Wall St., N. Y. City. MESSRS. BLAU, ZALKIN& COHEN, Esqa., Attya., 170 Broadway MESSRS. LONDON & DAVIS, Eq:, Atty.. 55 Liberty St., N.Y.C. ALEXANDER ROSE. Eq Atty.. 51 Chambers St., N. Y. City. Send for Booklet 2 A n if ir if. ti JlEAl. KMATt. KKAI, E"TATK. It is More Economic to Buy Than to Rent RIVATK hoixso and apartment rents are high antl Rotng higher, l ou can buy a private house to-iay at a price so low that not only is it more economical than renting but it offers an incomparable investment. The market for pmatn houses has never been at such a low ebb. The prices are suro to rise, and your choice lies in the finest residential sections in New York. For example: t't'urs. betueen Sth nnd Kth At' nti,; 20 ft, ,'i MrtA .Vru-rfirjn Jlmc fint' (C'o't tOO.OOO: .'istd ralw (H'hoon) I'rtce; s.nno Siittet, Maduim A I'nrk Arenur; ZO ft.. stuTv titu1 ordet. t.s'ised ii'jc, 147,00(1. Trice: I.IO.OHU ,'rc,ifit. neur MH .Ircnuc; J ft mnlrrn . t.vrurf ralw fTi.noo I'ner. 70.HH tn the Sixties, just rff Fifth Are. unr; 23 ft , ,S alorv, American Hase. firnf. (Antcstd talue, SISU.OOO) I'rhe: tWi.noo l.mt'i lllll. adtotninu ,',th Atenue; :o ft , J, story, Docd order. (Assessed tnliir, iS2,000) Price: tSO.OOfl. I" the SnenlUs, nenr Fifth Arc loir: IT ft . :, torr; i Xwned talue, Cn.Ouu - I'rhc- ti!-0W. A few choice investments in Business or Apartment Properties that show 12r'c to lo returns. Elliman & Co. 414 Madison Avenue Murray Hill 56oo At 48th St. $1.75 on Every $100 of Your Assessed Valuation As a regular annual tax rate on real estate in this city, where realty is assessed at a higher rate than elsewhere, generally, should in our opinion be the maximum limit nt all times. THE BOYLAN bill (Senate int. No. 61) at Albany, makes this the rate throughout New York City. ON TUESDAY next, March 5, at 1 o'clock, there will bp a hearing on this bill at Albany, before the joint SENATE and ASSEMBLY CITIES COMMITTEE. THE NEW YORK BOARD OF TITLE UNDERWRITERS takes this means of recommending to ALL TAX PAYERS in the city that they make their influence felt at Albany, in favor of the BOYLAN BILL. TO the MAN whose house is assesp.-d at $5,000, it meuns A REDUC TION in his TAX BILL of at least $12.50 from present rates. WRITE to your SENATORS and ASSEMBLYMEN before Tuesday, that you want them to vote in favor of this hill as a wise measure of muni cipal economy and an act of justice to yourselves. THE NEW YORK BOARD OF TITLE UNDERWRITERS The Home Titlr Iniurance Comparij The New York Title and Mortgaje Company The Lawjert Title anil Truit Company The Title Guarantee and Trust Company The United Statea Title and Guaranty Company JOHN L. PARISH, Secretary, MO Broadway TO I.KT KOli llL'MNK l'UKrOHKs. 5th Avenue NORTHEAST COR. 40TH ST. SALES ROOMS SHOW ROOMS OFFICES 10.000 quri ft on earn AIo fli'Or CORNER STORE 2"nro. ultta Hmo hA.cnicnl I'lidlpnt light, nc ImlMtns EDWARD J. HOGAN, WiioIhomIi llillMlng. lei 5.VJI llart'U.t. Unusually Attractive LIGHT STORE AND 1st LOFT HII'1 17.000 hUl'AItt: Fl.KT HUH -J, t0 hO. FT. I.N IIAMVMI..M, 140-142 6th Ave., SV.KU tl Til M Ht.fr. A Modern up to c'nto Building. Pasacnftcr and Freirjht Elevators, 100'; Sprinkler Syitem, Loweat Insurance Rates, Fire Laws all fully complied with. Rent Very Low THOMAS J. O'REILLY KoHiitown Oniiv, "l i'lianilirra Nt, TO l.r.T rtIK Itl'MNKSS I'L'ltl'OHK.H. 108 TO 112 WEST thsT... Jn.t Past f ttrimdwiv, W Morv C.i.-p HinMinp Thc lour I'vseiittals of a Oood l Wi. i Are LIGHT LOCATION PRICE SERVICE it'i will ttnl ihH. tiir ,fn ihlsin tiilv hml.Uiu. will mei jour lryutretnt'nt tttar than .iny nilinr li lU.Uurf lu the cllj l:ung. H.icon A Henry. 101 Park Av. Tliunr Murr lllll -2.W). Itrntfns Dttlreim 1'ri'iiils,, 'I'limii llryant A7S1 ABaUTIFULSHOWROOlv. pB ahat 3,oftO Piuar tet in nw mr 'itnMio (nt-r ,t t," Urua Jwny, for Ion t.nit, or Jb U ulon Apply Cro6s & Brown. Agents. nr I'hona bpring JVJi i'LOFTS AT 532 BROADWAY? tchftlu r fur r Apply POSTAL LIFE INSURANCE CO., . or rhoim rna 8.ss iiiiuoKiii or ki(.iumom roH n.wr.. UN UTATHV rV-I,AM) FOB 8AUK 1 Mnu I'nntamii.K nlim roonia, bath. J'it I In mi rtniiv.tiiiit .nnli mi'l out. all new pl'imtiitif;, nt-n fittM rtnnu kathh, (hnlcA i ii i ir. i.'-a'uiiiii Kriin, n'iia arounii rn'l.-c pi. ii 1MU7 rout mo H 5, 000 DO; 'vi. !, 10 tj it. I. purrhaM-r for f 4,000. 2,ii Win. ii An W.kirrldah. M.tur i.i.,i.1 CONMa'THTT BKAI. K8TATE. BALE UH KENT. PAf'rttKIPIN'i iisirtorJInnrv i-onntn plul'". in roHKw pUturt n.ui.. rlf aut.to ill un.i imhrrftl l?n NVnnlwnrlli Hlng Oilier It rii I Uslntt- see vmtie 10.