The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-17
The Crystal Palace.

TO THE EDITOR OF Tax HER sLD
Ny attention has been called editorial article In
the HERALD Of tho 18th uit referring to oegoarions
pending between the American Institute sud myself
receiver for the purchase by the former Of thu cysl
Pslsce property.
Az ihe article In question contains several ina
o~I douot the fact tina, the writer hsssof IA.
been misinformed in regard TO the facts Of the cas
beg leave to correct OF tbs misc ein
co,taiaed and trust you VI give pabicity = ~ same
VIII not buy until the Legislature gives perpetual
OF the gounos upoo which tho unfortunate bui.iiay
stands" The Legislature has N 0~er 10 0csps
tua any Icase nor 90 Understand the America la
situte require any such guarantee. All the iexsi4uvs
ed they ask l., tnat the iayor, Aldermen and 10
ATTY d the city may DO empowered to lease 70 tnAn TO
srvoir square such terms and conoi Ions ADD
nyth Of time 40 the city aataoii may redieat
ana proper.
Under the charter the city cannot e my
ohor property except Ia certain manaer. All that Il
asked by the American Institute Is tina The aunorit
may have the necessary powes cont FRED upon
treat with the Institute upon this subject.
Apa nis Is an answer to the cosos part Of the article
palace at fair price, and ret II the grounds 81 tae
Centrsilsrk selling Resersoir he purpose Of
purchase the Cry tai Palace but II sell
Of Reservoir fqusre fr any such purpose The city
tporities by their act have tar dedicated his pot
Of ground prevent them from selling it for any pr
vate purpose Whatever They II TOR pubM; pur
y station house or convert IT into oos pound but
they cannot dvest themselves of the Fee and suer IL
pass into private han to be used Tor private
alone. Tie city well the Park In city lots
a. 20 sell Reservoir square for such purposes II must
therefore remain unproductbe to tire city, uut re-
qured for pubic purposes. And, seemingly there
can be no objection to permitting ths Crystal
Palace TO remain upon 1t, SO long .. it Is not re-
qufed tor the pubic purposes Of the civ.
Another objection made its purchase by the An.ri
can Institute is that the purchase money twill ply
of two three wealthy Individuals who hold mort
gage ="
II that is the case what difference does II make whs
ther 1t - purchased by the American Institute the
eityY the premises correct then who buys 1t
the bond holders val get ther money, and ths poor
cianic go unpaid y
But tue article is incorrect thi, particular 10 many
Of 1.-THE rich" bonihollers have Voluntarily offered
to take of large per centage the amount their
caims In order - create fund TO pay OF the outside
creditors, and confidently believe # the sale s
sarnma'ed every ''poor mschanic viii get larger per
cenage on his aim than many o. the rich bond
The American Institute To be the only organize
tion that preserve the Crystal Palace t. city aud
make It what 1t deserves to bette most magnificent
pesitory for the mechanic ars this coninen. Oar
city, II Is believed, support polytechnic school
superior 70 any hing projected 10 this Western
hemisphere; the Crystal Palace admirably adapted for
this purpose the American Ins II tney get pos
session Of the BUILDING accomplish this great obj-ct
VIII not the HERALD co.operaie 10 this sudabe uacer
takjngs JOHN II. WHITE, receiver