New-York tribune., 1900-07-19
BERKELEY OVAL'S FUTURE.
IT WILL PROBABLY BE A GIFT TO NEW
YORK UNIVERSITY
nrc1s1oN DEPENDS ON FRANK J. GOULD.
WHO IS EXPECTED HOME FROM
EUROPE IN AUGUST

Berkeley oval is to become a part of New
York University. which is adjacent to 1t. unless
,ouae unforeseen obstacle presents itself within
the next few weeks. The property was pur-
chased Tuesday at q foreclosure sale by
william F Havemeyer. Frank J. Gould and D.
E Miller, Mr.. Gould's local representative It
Fas announced at the time that these three men
Tere simply acting as a committee for second
r-ortgage hondhoders. and that the chief end
m view was TO satisfy the Manhattan Life In
r,rance Company, the holder Of first mortgage
II S125000 The amount paid for the property
Gas $4,000.
Il was learned yesterday, however from an
onicial closely identified with the Gould and
Favemeyer interests that the purchase OF the
Berkeley Oval has practically secured II 10
New-york University. For some time the secur-
lng Of Berkeley Oval for athletic purposes has
been theme Of earnest discussion in the coun-
cl OF the university. This agitation has re-
suited from the fact that Ohio Field the pres
snt athletic ground, has been encroached upon
10 q great extent by the erection Of new build
Irgs and the projection OF others.
other members Of the council also argued that
even Il the present needs OF the institution did
not demand Berkeley Oval, the growth Of the
university would inevitably demand a new and
larger athletic ground within few years and
Iators had stepped in and cut it up into city
lots. These last arguments were especially
strengthened by the efforts of the former owner
John S. White. TO interest this class OF buyers
IN purchasing the property.
Accordingly, when the opportunity was pre-
Eented by the foreclosure sale of Tuesday, Mr.
Eaveneyer and MI Gould who are both mem
bers Of the university council bid in the prop
srty Although it was said that they only rep
resented second mortgage bondhoders, 1t was
definitely learned yesterday that Mr.. Gould and
Mr. HavemeyeT themselves own all except
small margin Of the bonds. 1t was learned
further that the next step will be to satisfy
lhese minor bondholders, when the property can
he turned over as a gift in whole or in part
70 the university.
Nr. Gould is IN Europe, and is not expected
home until August %. Charles A. Gardner his
attorney, and also a member Of the university
council said TO a Tribune reporter yesterday,
when asked about the purchase:
1t is not yet time to discuss the subject. I
fnly know that there has been considerable dis
russi0n among those interested in the institu-
ton about getting possession Of Berkeley Field
Nothing can be definitely stated, however until
Mr.. GOulds homecoming"
William H. Bogert, counsel for Mr.. Have
"AI that can say has already been published
In the newspapers. There will be no new de-
Felopments for some time"
M. Havemeyer himself declined to speak in
regard 10 the sale
Berkeley oval consists in all of nearly ten
Rcres Of land. comprising IA city lots, and
several buildings. It IS in g picturesque part
Df Norris Heights, bounded by BuTnside-ave
y One-hundred- and-seventy -fifth-st. on the
north. Adueduct-ave. on the east and on the
t0uth and west by the estate Of Mrs. Hugh y.
ramp. The grounds Of the university are few
hundred feet 10 the north, and on the other side