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The sun. [volume] (New York [N.Y.]) 1916-1920, March 03, 1918, Image 11

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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.

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