New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-07-29
AFFAIRS IN BROOKLYN.
EXPERTS APPRAISE THE INSTITUTE.
THE VALUE OF THE LAND TO BE TAKEN FOR

THE VALUE OF THE LAND TO BE TAKEN FOX
EXTENDING THE BRIDGE STORAGE TRACKS.
The value of the Brooklyn Institute property IT
Washington near Conc oidst. was considered yeser
day nv the supreme Court Commissioners appointed 10
appraise the vanc Of the property to be 'aheh lof
Is purpose OF extending the storage tracks OF tlo
Bridge along Westinghouse. The hearing TOOK placc
in the Office OF The Bridge Trustees at WaShhg'o" anu
Nassau SITS. Commissioners Barnett, Wnceler' anu
Farrell were all present The Institute was represented
by General c. l.. Wneate and the Bridge Trustees py
James Bergen.
General John b. Woodward. president OF the In
stitue was first called. lie said that the Apprc" Ces
Library organized in 1898, and ater"a'u pcoa'io
the Brooklyn Institute. The present Duioihg cost
sab OOO IN 1s3G7 and was added to and improvc1 az
a cost of $4,000 IN 1861. In 1859 new cases auo
other equipments added at cost OF S-'ooo. ''o
upper part OF the building was burned on SepVe'oer
70 1890 The insurance received was Sl-'ooo' fia'''
were prepared for restoring the mlild'hs ana co''
was about to be signed when II was found That 'ne
Bridge would take the property. so motmhg was ooho
The wear before The fir, the Institute had an INCOME
from rentals OF go There were 1900 meinpers oi
the Institute. who paid % year cach' i"e'o W."
large library which circulated oo'oVV No'"S Wv
year before the fire, but the books were now S.o,e.
In the same ycacl.o lectures were delivered ana aS'
year 300. ?,
Professor Franklin W. Hooper, curator OF the III
sttute and one of the directors. said that the bnus
was 81 IL by 1O3 feet The front was solid granite
wall three feet thick with four monolithlc colunhs
% feet high The building contained four stories ana
n basement On the first floor were the library roon
and four lecture rooms The main hail. 40 by oS eet
o6rnped the second and third floors and was 70 ioeo
high 1t rented at $40 $50 a night. on the lo"tu,
floor was a smaller lecture room, seven suoios ioN'e
10 artists. and Office rooms About one-hith OIL '"e
building was destroyed by the fire.
Isaac Selover testified that he had agreed to restore
the building after the fire for $4,000. George -.
Morse an architect valued the building al 9f''ooo
ms IL now stood. The granite front alone was "or.,
s1aO 600 He thought II would cost $4,000 10 put ~
In complete repair. w. b. Tubby VALUED 1t al enOod
taking the building IL stood, and j. g. L ~
placed the figure at So 300. intending pi-'0o' "
make GOOD the damage done by the fire. A., ,o
D. p Darling real estate dealer placer u'c Ealu. .
n, the land at $6O1sl estimating it at $1,000 pont
foot A. b. Davenport valued the property az To,,Uo,dd
Frank Bsrnaby Ezra D. Bushnell ana o' hc; y
closely with these estimates. AZ announcer "o"'"e W
perts for the Bridge Will testify ,., or.nod b,ds
MayOr Chaplin and Controller Jackson opcneu o D,us
for 5000 900 worth Of per cent lT1dGc oohds
day and these were received ana acCepleu re1 TPt
T~ust COMPANY 100000 at par; Kings county urus'
Company, $1,000 nj par.