New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-06
ODD DEALINGS IN REALTY.
EEvEN OF THE SHAKER LEASES kE-
GENTLY TRANSFERRED.
MR. VALENTINES AUTHORITY TO ACT foi' ''H
COMMUNITY APPARENTLY not AcKNo"L-
EDGED - DISAGREEMENT WITH HIS
r.r1lOw-rRUsTEE LAT

COMMUNITY APPARENTLY NOl ANN''
EDGED DISAGREEMENT WITH HIS
r-rrLOw-TRUsTEE-THE LAT
TIERS CHARGES.
pobe,t Valentine the octogenarian trustee OF
the Shakers of New-Lebanon mas zee" H'''"7
rid ~ the leases OF real estate he made III 'h's
city in behalf Of that community last may "''N
,,rsv,ous,v. Within three weeks he has trans
ferred seven Of these leases the most important
y, them being made nominally to one saul u
Samuels who in turn has handed them aons ~
,yha. is called the Otis Realty Company an
o.oo,,zat,on which does not appear by name IN
the city directory.
LIST OF THE TRANSFERS
Tho ,eases transferred by Mr.. Valentine to Saul
g. Sanuels and by him conveyed 10 'iie O'''
po.,,y Comnany. are those of the Hotel Graham
Mt the southwest corner OF Madiso"-a'e' anu
I,,.htv.nin,h-st.. from August l. 1896 to Deem
her l. 1909. $1,000 the Hotel Baimor@' OH ''.e
.os. eide Of Lenox-ave between One-hundred-
and thirteenth and One-hundred-ahu-lou i ao
s,s from August l. 1896, to April l, 1897. $1,000;
tho EVELYN apartment house. at the nor'h"es'
corner OF Columbus-ave and Seventy-eshth-s'
>ror, August |. 1896 to September |, 1910 "vaiu-
able considerations" the Niagara apartment
-. 90 tho Northwest corner Of Park-ave and
E,gbtv-seventh-st, from August l. 1876 10 April
, 100, "valuabe considerations" and Nos. l39
20 147 West Eighty-second-st- from August l.
1905 N April l. 1906 valuable consideration.
NJ Valentine also made the following transfers
~ ,eases. Nos. SOD and S24 Broadway. southwest
.orrer NJ Twelfth-st Rooms and s. to henry
Nou Eve years from August l. 1896 NO. 81
Eighty seventh-st north side, about 10 feet west
Of Park-ave. fourth floor. TO Fannie Horowit1
LIP years from September l. 1896.
The story Of Mr. Valentines lease of the FLOR
enoe Building. at Second-ave. and First-st.' on
q basis of : per cent on 100000. was told IN Inc
Tribune at the time. early in May. The owner Oh
tho building was Theodore c. Gross. an lh-
porter of wines and liquors. at NO % west
Houston-st In an interview at the time MT
Gross gave a glowing account or MT. Naieh'ine
and of his shrewdness in real estate matters
MR. GATEs's CRITICISMS.
A few DAYS later the story came out that Ben
@onin Gates the other Of the two co-trustees OF
the Shaker Community was angered and grieved
over Mr. Valentines leases. Mr.. Valentine lad
claim to full authority to make the leases Tor thv
chokers whose real estate wealth and other
financial resources were incidentally declared to
no f,,,ly x4OOOOOOO Mr. Gates denied this al
legged authority. He went further. and his ailega-
ton was Published that Mr.. Valentine had been
duped thee he had been made the tool Of a com
bination q real estate sharpers and that his Sig
nature to &c leases valueless anyway with
out the signature Of Mr.. Gates, the co-trustee
Mr. Gates asserted that all the leases would have
to be set aside as void in consequence
The lease Of the Evelyn. a fine apartment
house. dated from May l. 1t belongs to the Au-
chincloss estate. Mr. Auchincloss was Informed
fy Mr. Gates that the lease had no binding
power with the Shakers. since Mr.. Valentine had
no authority to act.
Randolph Guggenheimer. Of the law firm OF
Guggenheimer, Untermyer & Marshall. leased
the Hotel Graham TO Mr. Valentine supposing
him to have power to act for the Shakers Theo-
dore c. Gross. when he leased the Florence build
ing to Mr.. Valentine. said that he mad satisheo
himself that Mr. Valentine had authority to act.
since either one Of the trustees could act IN
leasing real estate. he asserted. when the an
nual rental did not exceed $4,000
SEARCH FOR SAUL q. SAMUELS.
Saul G. Samuels is put down in the city al
rectory as being a real estate dealer. having an
Office at No 80 Nassau-st.. the American Tract
Society Building and living at No. 90 East One
hundred and seventeenth Mr.. Samuels has
occupied Room No. 934 on the ninth floor in that
br,ldine A notice dated September | is pinned
on the door commanding Mr. Samuels TO appear
In the Second judicial Court. in Grand-st. at w
A. m September !. to show cause why ne shouid
not deliver up the premises. The janitor OF the
building said yesterday that Mr. Samuels hao
occupied the room for some nine fnohths' pu.
had never had his name on the door. he nau iio'
hen AT the building the jantor said, for two
weeks 49,, pa,,,oro,
Mr. Samuels was found al the Hotel Balmorai
Yesterday In reply 10 questions. he salo' ne
tronsfers Of property recently made 10 me by
Robert Valentine w>re in the ordinary course OF
business Was Mr.. Valentine pun uhue so an al >
pressure by the Shakers to assign the leases
Not that know of. The fact is. he mace a ms >
take when he thought he could run hotel; ne
was too old and did not understand the business
% arranged TO take those leases off his hands
THE OTIS REALTY COMPANY
"whv did you transfer them to the Otis
Realty Company" Mr. Samuels was asked
"Ivsu" he replied IL took the leases only
.o,,raI,v IN order to transfer them 10 the com
pany." -ao..a - .,e comnanv?"
"rhe treasurer is Theodore c. Gross. VINO
owns the Florence Building; the president Is
naniel c. Otis a retired real estate man
where is the cornpany's office?
AT No. S53 Broadway ,.,,. ,hsr.,.
Has he anything to do with the company
He is the real estate agent TOT t1oro,,,,, n
"Is ne the husband OF Fannie Horo"lE' -
vhom Mr.. Valentine transferred ms tease VI 'ne
East Eighty-seventh-st property
81 really don't know VINO she Is
MANAGEMENT OF THE BALMoKAl"
NJ sanuels said that the Otis Realty Com
nanv was now running the Balinoral. "heh
the proprietor Of the Balmoral was asked TOT
Yesterday by The Tribune reporter. ne was re-
ferred to Mr. Samues. The Valentine transfers
through Saul G. Samues to the GUS heai'S
Company. are made in the Individual name oi
Robert Valentine. Mr. Samuels declared yes
terday that when the leases OF the properties
were taken BY Mr.. Valentine, the ageo 0ha tis