New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-26

ing of the board of governors on the second
Tuesday in May
Would you not sell to the university cheaper
than to spectators" ?"
The Society Of the New-York Hospital is a
charitable institution that spends large sums
every year in charity. but it's governors would
not be justified in giving away any of its prop
erty to another institution. however deserving
that institution might be-"
REPORT OF A RECENT OFFER.
Mr. Bliss was not willing to say how much
he thought the property of the society south of
the library should sell for There was a report
that the society recently had an offer OF S2.5oo-
OOO for that property and the block west of
Broadway between One-hundred-and-s sixteenth
and One hundred and nineteenth sts., which the
society also owns but Mr.. Bliss could not con-
firm that rumor.
Sheppard Candy, the former president of the
society, said last evening that he had heard of
negotiations for the purchase of the property
south of the library but ne did not know the
details He thought the two city blocks We're
valued at about $2,0OO,OUO. the property having
increased greatly in value since the university
placed near 1t.
John b. Pine. secretary of the board of trus-
tees of Columbia University said that there
doubt of the necessity for future in
of the university grounds. THE uni
versity bought all the property 1t could afford
to buy for site ten years ago, he continued,
but it needs the property south of the library
for athletic field and for more dormitories In
the future. The university should have the
property for architectural reasons as well. 1t
should be enabled some time to crown Morning
side Heights with additional beautiful struct-
ures. 1t would be pity to have the effect
spoiled by the erection OF rows of apartment
houses on the property south of the library
OFFERED FOR LESS THAN 100000
Maximilian Morgenthau president of the Hud
NJ hS
One -hundred-and third-st. told Tribune
porter that his brother Henry, president of the
Central Realty Company. had gone to Hot
Springs, Va for a rest and he did not know
of a sale of the Morningside Heights prop
erty being undertaken in his brothers alb
sence- Mr. Morgenthau added that the New
York Hospital property had been offered
to himself BY broker for less than s.
100000 in January. and he had conferred
with his brother about it. They had considered
the price too high. decided not To into it. and
had not since given any thought to the subject.
Mr.. 'Morgenthau thought the Central Realty
Company would not undertake the deal in his
brothers absence. as he was the real estate
man in the company.
AT the installation of Or. Nicholas Murray
Butler as president of Columbia University a
week ago there exhibited the liveliest in
est in the institutions affairs and many of
the prominent men who were present at the
ceremonies expressed the hope that the univer-
sitv would be able to get more room and have
an athletic field of its At that time it
is said, there was formed a plan to seek aid i'll
securing option on the two city blocks south
of the library. The property is unencumbered
by buildings and has been held by the Society
of the New-York Hospital for years. The So
ciety has been willing to sell the property at
any time il is said, but Ii not until three
months ago that it was offered for sale. Since
it became known that the society trying
to sell the property. friends of Columbia Uni
versity have been anxious lest the property
should pass into the hands of real estate spec
ulators and be cut up into building lots