New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-13
VJLLARDS MADISON Avenue BLOCK.
=. PART OF THE PROPERTY SOLD. But THE WILLARD
MANSION NOT YET DISPOSED Of

/. PART OF THE PROPERTY SOLD, But THE WILLARD
MANSION NOT YET DISPOSED OF.
GOOD deal of interest was excited yesterday
nv the purchase of two unfinished houses Of the Willard
.roperty in Madson-aye., between Fifteth and Fifty
Ora, ats by Harris c. FahnestoeK and Edward ID.
Adams both members of the banking firm OF Winslow,
Ianier a. Co. Mr.. FahnestOck has had his oye the
Eiftv corner for months and made offer
o., n somo time ago. But the trustees OF the property.
william EndicOtt of Boston, and Horace White, at that
&ime declined TO sell unless the entire property, aside
from the Willard mansion itself. taken This fine
niece of real bought by Mr. Willard in the
nalmy days of Oregon Railway and Navigation Com
nsnv when he had become OF the rec
egnzed railway kings OF the country He began to put
nm four large houses. OF which, the OF
he reserved for himself This he finished
almost before he began work the others. and OF 1t lie
made sumptuous home 1t 10 believed that its cost in
ending its interior decorations and its art gallery
amounted 10 nearly half million dollars. Mr.. Willard
WAS man OF luxurious tastes, and he studied to fluid
their perfect qualification In the great mansion he de-
signed his home Its richly decorated library CON
contained many treasures Its drawing full
Of costly furniture and ornaments its halls almost
baronia and gaeryheld many excellent paintings
Mr. Willard completed his own house and lived tn ere
two wears In the meantime work had advanced but
slowly on the other houses The walls roofs, ceilings
and all the masonry were completed when Mr. Viard's
oversees began The tide turned full against him,
ind work was SUSPENDED only to be followed by the
great business calamity which produced the fall of M
Wizard and removal to Berlin. where lie and his wife
are now living The property had all been held In Mrs
Vilards 1t was Intended, indeed, 10 DO her per
manent fortune, but when the crash came she re
fused TO retain either the Willard mansion or any
of the adjoining houses and lots. but turned them
All over TO the trustees who appointed to take
charge of the property for the bene of the Oregon
Railway and Navigation Company Recently the Vii
lizard stocks other securities risen in value and
their appreciation enabled the trustees 10 see an oppor
tnnity TO settle the Indebtedness to the company. his
chief creditor. The offer Of Messrs. FahnestOck n
Adams was accepted. AT an aggregate cost OF
So37 500 the unfinished houses and adjoining lots
were turned the two purchasers 1t Is believed
that they represented as much as $4,000 to MI
Willard The trustees made the real estate TO Mrs.
Willard and the sale effected In her name This
leaves the Willard mansion still In her hands though 1t
aid that a sale could he effected II wanted It,
enough to pay approach To what 1t cost As soon
The one on this corner He proposes to bud houses
the vacant lots sell and mas already received plans
md proposals for the work Mr.. Wizards affairs are
now said to be almost entirely settled.