New-York tribune., 1902-07-13

II more valuable. Her activity in this respect
has frequently attracted considerable attention
IN the real estate market So far as could be
learned yesterday. she has never been seen at
the real estate rooms in the Trinity Building,
No. Ill Broadway, but there is not real estate
in this city whose opinion is worth having
on realty affairs who has not heard Of Mrs.
Clark. Many of them have done business with
the Clark estate, especially in investing money
for the estate in bonds and mortgages. One
OF the leading mortgage brokers said yesterday
10 Tribune reporter that he had had much
dealing with the Clark estate. but he had never
met Mrs. Clark.
Let me tell you a story said a broker. Ito
show you how active Mrs. Clark has been and
is in supervising and directing the business Of
the estate Not long ago I desired TO mortgage
a parcel in the Tenderloin. The property was
valued at about S120,000. and the sum which
wanted was about 100000 The appraisement
OF the property made by agents of the
estate. They appeared TO look favorably on my
application for a lean. The application
turned over TO Mrs. Clark l told, and she
examined the property. While the property
in excellent condition, the street was not
asphalted and looked as though II had been
sorely neglected for years. The request was
denied. 1t was denied for several reasons one
was that the property was in the Tenderloin.
I am told that Mrs. Clark will not permit any
money of the estate to be loaned on bonds and
mortgages on any properties in a district where
disreputable people live"
| Dakota apartment house, at SeYenty-second-st.
| and Central Park West, which is valued at
about S40OOO0O; almost the entire block front
the north side of Seventy-second-st-. between
Central Park West and Columbus-ave; the
greater part of the block front the south side
of Seventy-fourth-st-, between Central Park
West and Columbus-ave.; the greater part of
the block bounded by Eighty-ffth and Eighty
sixth SITS, Central Park West and Columbus
ave; nearly all of the block bounded by Sew
enty-eighth and SeVenty-ninth sts., West End
ave and Broadway. and the block front the
aEf ci OF ms fer6o Dn-nI n
dred-and-eighth and One-hundred- and ninth
sts.
heir of Edward Clark. OF the founders OF
the Singer Manufacturing Company. Edward
Clark left an estate said TO be valued at be-
tween $15,0O0,O00 and S20.000,000 His son. al
though large stockholGer in the Singer Manu-
featuring Company, took no active part In its
management and was not an officer of the
pany. His large real estate interests occupied
his time and most Of these he inherited from
his father. Edward Clark was great believer
in real estate investment despite the fact
that George Clark. also OF Cooperstown. who at
one time was said to own more land than any
other citizen Of the State was really a failure
as property owner, and died practically land
poor about twenty years ago.
he died in 1882. He was the son OF Nathan
Clark. manufacturer of Athens, N. Y, who
years. After his graduation from Williams Col
lege, in 1880, he studied law and in 1888 he
began the practice Of law in Poughkeepsie-
Later he became the law partner of William
L. Dayton. of New-Jersey. Mr.. Clark
tained by Isaac N. Singer, the inventor. to de-
fend patent suits. and in that way he became
interested in the manufacture of the Singer
sewing machines. He formed q partnership
with Mr.. Singer in the business in 1S4S and
three years later he abandoned the general
practice OF law, to devote his time to the bust
ness. A disagreement between the partners in
1863 led TO the formation of the Singer Manu-
featuring Company, and after the death of Mr..
Singer. in 1875 Mr.. Clark became the president
of the company.
Edward Clark built few years before his
death the Dakota apartment house. on the plot
OF ground at Seventy-second-st. and Central
Park West. The size Of this plot is 200 by
204.2 feet. and II cost him about S250000 He
previously had built the Vancorlear and Wyom-
ing apartment houses, at Fifty -sixth-st- and
SeYenth-ave. He owned them at the time OF his
death. His estate also included a number OF
dwellings and lots in that part Of the city west
of Central Park. No. West wenty-second-st.,
which is next to the house Professor Morse
owned and occupied for years; large tracts of
land in the West and in counties in New-Jersey
adjacent TO New-York City.
The estate of Alfred Corning Clark is one of
the principal stockholders of the City and Sub
urban Homes Company. OF which Elgin r. L.
Gould is president. The estate owned large
plot of ground in Sixty-third-st. west of Colum-
bus-ave., and when the company was formed II
turned this plot to 1t and took shares of
the company in payment. On the premises the
company built its first model tenement houses,
and these houses are called the Alfred Corning
Clark buildings.