New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-15
TO RENT THE STEWART MANSION.
PRELIMINARY DRAFT OF LEASE APPROVED
BY THE MANHATTAN CLUB GOVERNORS.

The preliminary draft OF the lease Of the stewart
mansion, at Thirty-fourthst. and Fifth-avc. 10 TIC
Manhattan Club submitted TO The Board of GOV
errors Of the club Thursday night, and approved
as to its general terms. 4 number Of minor con
sdcratlons have not vet been settled however, but
the Committee on site is hopeful that all existing
differences may be brushed away by the end Of the
coming week, and that the instrument may then
be formally ratified and signed. This committee
which has conducted all the negotiations. Is composed
Of Frederick r. Coudert, chairman eXJudee leicester
Home Mayor Grants secretary; Commissioner
j. Sergeant Cram, of the Dock Department and
Christopher c. BALDWIN, the chairman Of the
New York County Democracy. II IS evenly divided
between the Democratic factions McNsrs CondeIt
and Baldwin being acknowledged leaders OF the County
Democracy. and NeSsrs Home and Cram prominent
in the councils Of Tammany Hall. When the lease
has been finally approved II will be signed by the
four committeeman named on the part Of the c!ub
and by the proper representatives Of the Stewar;
estate
NJ K. WincheT. OF the firm Of Coudert Brothers
was intrsted with the important duty Of putting the
paper in legal form. He said Yesterday That TIE
draft as II now stands leases the mansion 10 the c"h
for twenty-one YEAR,, with the privilege Of renewal
for another term of the same period. The annau
rental is fixed at $4,000 FOR the first I'VE year
so 800 for the next five years and S4OoOO ioI '"'
remaining eleven years. y renewal "onld mean
$4,000 per year for the second term of twenty ono
wears. All taxes, costs repairs ana lhc H"t' 'tO
IA be paid bv The club This amount, 1t il estimated
Will average not less than $4,000 year TO BE- added
TO the clubs expenses.
The club agrees also to purchase the iuIm'u'e'
carpets and general outfit. The carpets were manu-
featured in Europe expressly for the various rooms
under Mr. stewards order to gct them mp without
regard to cost They are said 10 be the most cN-
pensive ever brought into this country. Inc Iui
niture is OF the same order and was mostly manu-
factured abroad the designs for the contents OF ci'h
anar+mcnt being selected by Mr. stewart himself
Tic nricc spoken Of be paid by the cuO j. F'V"V'
tbouGh Mr. Wincheu said that TINS sum Wa, A"l u.
Ucved 10 cover one half the value ms do,7 h"i'
horeIey neInde any part OF the statuaIy. which 10
one az the finest collections IN the hlted N'il''.
II Is DOssble that the club NAV decdc l" pui'
n,wtion Of H. IL Is believed That H. thc prIie'ti
~ its construction the Stewart mansion has ~ HuP
in fbe civ An interior circular staircase cA'u..-
tom the basement to the top hoor. dld not ~ulI PIT
.,cWart after IL had been completed. u" mao IL d'
Torn ont and rebuilt OF italian marble al cost ~
100000. 49,. -, ,t i.... m Tic
mar, az the club will be guarDtcd hy hNc or tn
If lis weathicst members. NciheF inc num- i,'
Ia indi,idual, have been settled upon inc sun
ra0pircd ~ defrav the extraordinary cAp h-r' VIZ"
,t rI,,h l.. aiout Ia incur. which VIII Include ai7'
r'onv change, in the interior 81 the buldliE I" i"'"'
- c,rfnrm IN the necessities Of cluh Hc, WILL .e
,s,i..d nv issuing bonds Of the corp, '"h'H. ~.
.n.Uc.I rlan has not le4n definitely decided upon u
I'D fhat the certificates Of Indebtedness VIII
nrobsbIy he for 900 each, 10 run twenty Oht
And hearing / l-2 or . per cent l1"'esl. ~
WtncheU Is sauguinc that IN a wecN "J zen u'S' D'
,ranefer ~ the property viii take place