New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-06-16
THE PROPOSED CRYSTAL PALACE.

ITS sITE-wHEN 1T WILL BE COMPLETED-iN-
TEREsTING DETAILS.
+. McMurly, President Of tho Industrial
Exhibition Company, has addressed letter 10 tne Dec
ors In which he says:
One year ago, this Company was fully oreahizcu' Az
the time it was thought could purchase or lease land
of the City OF New-York but were finally persuaded
that nothing OF that kind could be accomplished hesi-
dents of Staten Island offered about 100 acres OF land
and also offered to subscribe and pay for 100000 worth
OF our stock II we would build there. This offer was
declined owing TO tho lack OF communication In the
Winter between NewYork and Staten Island The site
offered in Brooklyn much nearer to the great mas
of people in NewYor than the Sydenham Palace to the
people OF London, and have no doubt but II we
were tn locate our enterprise In Brooklyn that would
nav our stockholders fully well in New York. The
land there would have been given to US and IL lies aqua
ground than in New-York, our building could be con-
structed in a different manner and at less cost
The different sites negotiated Tor In New-fork arc inc
Higgins property situated the high ground next the
Hudson River ut nehnndredand thirty the
property Located I To
tenthst. and Eighth and Nnthaves, and the property
SSses by h s4G and 3e
bounded by Ninety and Northumberland second
ss and Third and FOurthayes. This property was pc
cuiariy situated and over four months consumed
in getting contract to pfrchaseit; rr
streets and Lexington-ave have not been opened and
even they should be, they could run under our build
in W
on each side about feet from each outer line thus
il were, making natural cellar OF ABOUT "a ieet III
depth. which will be saving OF over threefourths IN
the LAYING the foundation other site beside
giving stores IS by $50 feet and feet nigh before
coming the first floor Of the Exhibition building we
can rent these stores readily for 5000 EACH which would
give annual income OF over and above what
we get should building be located on any other
piece Of ground.
Another advantage of this location is the many ways
OF reaching it, wiz by the Madison Second and Third
ave- Railroads. and the Harlem New York Central. Hud-
son River and the NewHaven Railroads. A water
frontage the East River is only about 900 feet away
When the yiaduct Road is built there will be another
communication 400 feet The steam rail-
roads already have depots on our property o,.,.
most magnificent in the world. From the east and south
east can be Brooklyn the SOUND Long Island, and
the Ocean TO the north the view Is up the East and
Harlem Rivers to Spuyten Duyvil. Yonkers, and the
Palisades OF the Hudson to tine west the view over
looks Central Park and the Hudson into NewJersey
10 the south all the City OF NewYork is spread out
other point the Island can 80 much OF New
York and its surroundings be
The price we pay for the land is regarded
remarkably low. considering the amount purchased III
large advance over what we pay l informed by
eminent real estate that this land will be worth, 10
years from now, least s00OO0 without any improve
ments; and with the kind OF improvements the Indus
trial Exhibition Company intend To place upon IL, the
properly would readily sell for So 100000 give you
with list Of the subscriptions capital stock
returned to us by agents. Quite large sum OF
money been subscribed conditions not necessary
to mention here, but will all become available in time
as go with the work. There seems to be general
ships Which have been made Of six kinds VIZ: For one
month, for three months for twelve months, for life,
The difficulties OF starting such enterprise as this
may be considered as having been overcome To make
the enterprise therefore, from this point Will
require nothing but perseverance and courage. An
offer has been made by responsible persons to erect
our building take their whole In the bonds OF the
Company, first making the foundation. am in
cned to think that more favorable terms can be mao
with other parties who making estimates now Tor
the purpose of submitting an offer.
In January, 1872, we can confidently count on having
the building approaching It's complexion ana III the ran
IL be opened.