The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-03-16
TRANSFERRED AS SECURITY
PERCY BEAMISH DEEDS AWAY
VALUABLE REAL ESTATE
FOR A DEBT.
HIS ENTERPRIsING MOVE INVOLVED
HIM WITH NEUsTADTER
BROS.

| A rumor was circulated in the bust
ness quarter yesterday to the effect that
Percy Beamish, the prominent merchant.
had not been successful with his enterprise
in the Columbian building on Market
street, and consequently was involved.
Color was given the story by record in
the real estate transactions of deed by
which Beamish and his wife transferred
valuable property to Jacob H. Neustadter
OF Neustadter Brothers, the wholesale fur
nishing goods merchants.
The deed was made on December 8. 1898,
but was not recorded in the City Hall until
March 13 last. 1t conveyed the following
real estate to Neustadter:
Lot on northeast corner of Van Ness avenue
and Lombard street, 1O9x137:6; lot on
southeast corner of Chestnut street and Van
Ness avenue, 137 :6x109; lot on southeast
street, 1877 :6x123; lot on Taylor street aud
Montgomery avenue, north 56.7H, west 47.115,
southeast 73.7I; lot on southwest corner OF
Point Lobos and Ninth avenues, 32:6x100; lot
on northwest corner of street and Tenth
avenue, JOB :3x120; lot on Twenty-seventh
avenue, 265 south of Point Lobos, 70x120;
of r street, lO0x120; lot on Forty-sev-
enth avenue, 100 S. of r street, rs by 100; lot
on west line of Forty-seyenth avenue, us south
OF r street, 25 by 100: undivided half of lot on
northeast corner of street and Forty-eighth
avenue, so by 1915; undivided half of lot on
east line of Forty-eighth avenue, north of S
street, so by LOT IS; undivided half of lot on
east line of Forty eighth avenue 100 north OF
S street, $50 by 100; undivided half of lot on
west line OF Forty-seventh avenue, 175 north of
S street, rs by 120 all interest in lot on north
west corner OF Silliman and Yale streets, Uni
Yersfty Homestead Association; lot on south
west corner OF street and Thirty-second av-
enue, AIS by 240.
The consideration stated is $40, merely
nominal figure. A real estate expert ap-
praised the property yesterday as worth
approximately close to $4,000
Neustadter stated that the transfer had
little or no significance, and declared that
Beamish is still solvent. Neither OF them
cared to discuss it.
In the latter. part of 1898 Mr.. Beamish
moved from Third and Market streets and
took the big store in the Colum bian build
ing on Market street, near Stockton. He
put in a tremendous stock of goods that
cost much money. Nearly all the stock
was bought from Neustadter Bros, and
very little from Eastern firms. Shortly
after in December, 1893, Beamish trans
ferred all his real property as security
for his Indebtedness to the Neustadters.
He hoped to be able TO get out of debt,
but times were against him and the big
establishment ate up much of the profits
in rent alone. AT last Beamish found him
self in tight place, as mercantile agency
man expressed it yesterday. The Neu-
stadters, though having the greatest faith
in Mr.. Beamish, began pushing him for
their money, with the result that the old
deed was made matter OF record as pre-
cautionary measure.
This will probably leave Mr.. Beamish
with the largest stock of its kind in town
on his hands, without much, if any, debt
upon it. Nor has his high business stand
ing or his solvency been impaired, although
an enterprising move cost him valuable
real estate, representing, no doubt, the ac-
cumulations of prosperous years.