The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-04-08
New York Subway Com
PAW Prevents Dam
age Suits.
BUYS PARK AVENUE HOUSES
Sentiment as Well as Actual Losses Con-
sideTed-The Utmost LibeTality Shown.
No Beating Down" and No Haggling
Over the Prices Asked.

NEW YORK, April S-ThroUgh August
Belmont & Co. financial agents of the
Subway Construction Company. full set
Element has been made with the owners
Of property in Park Avenue whose homes
were destroyed by the cavern" OF March
p, when the front of several handsome
residences on the east side of the avenue
slid into the rapid transit tunnel
The settlement involved cash payments
aggregating 81. OO0. 600 and the purchase Of
q whole block Of buildings.
Details OF the transaction, which is
without precedent in the history Of rapid
transit, are lacking. but it is known that
an entire block OF dwellings has been pur-
chased by representative OF Belmont &
Co. AMI that the price paid for each plot
more than compensated the owner for &C
tual losses resulting from the cavern.
Prevents Damage Suits
The property owners we're approached
separately. and the terms offered we're so
liberal that all were constrained to sell
As a result, suits against John B. Nc
Donald. the tunnel contractor: Ire ShaIer.
the subcontraetor, and others. have been
abandoned The committee of safety, or
ganized after the accident. will probably
adjourn indefinitely.
Nine houses were purchased by Mr.. Bel
mont's agent before a final agreement with
The residents of Park Avenue was reached.
The property owners acted in concert. and
we're informed promptly OF the negotia-
tons III progress. witt the result that ex-
cePuonally good prices were OBJ aimed.
only one member Of the committee OBJ
1ected 90 the terms offered by the agent
OF the subway Construction Company He
demanded for his home sum several
thousand dollars in excess of the valua-
tiOn placed upon il by the appraisers
After j conference yesterday an agree
ment was reached. and the owner Of the
property AFFIXED his signature 70 tho deed
No Effort to "Beat Down"
In seeking settlement no attempt was
made by the representatives Of Belmont
& Co. to beat down" those who had suf-
fereed from the tunnel blasting. On the
contrary. the utmost liberaIity was shown.
The price paid for the property on the
east side OF the avenue between Thirty
seventh and Thirty-eighth Streets, ranged
between 1850 and $500 a front foot,
the upset figure being approximately
5000. In addition il is understood that
Mrs. Annie IL Crawford. who conducted
a boarding house at 90 and 65 Park
Avenue. in the old Coils P. Huntington
residence. has been indemniied for the
losses she sustained in being compelled
TO move.
The property purchased by the Subway
Construction Company includes the late
home Of Arson ". Pond. at ~ Park
Avenue. which is az the northeast corner
OF Thiriy-seventh Street: No d, occU-
pied BY r. H Flagler. No So, occupied by
Mrs Wiiiets; 40 .. occupied by Hall
Park Mccullough; No. 81. occupied by
John j. Murphy, No. 80, occupied by Fred
erick w DevOe; Nc. 81. occupied By D.
Leroy Dresser. and Nos. S. AID 6. Occu-
pied by Mrs Crawford, and owned, il is
said, by Charles T. Barney.
Paid the Cash.
at is due to the rapid transit agents. b"
said John J. Murphy, at his new home.
Al Lexington Avenue. last night. Ito say
that they have done everything possible
10 satisfy the property owners in Park
Avenue who were eyirted from their
homes on March q. There was no bag
Cling over prices, and in each instance
cash was paid as soon as the deed was
SlsneQ- ne negotiations were not con-
Quoted directly by Belmont & Co, but by
a person representing that firm. Senti-
mental as well as actual damage was
taken into account. ana the terms Of
1ered were extremely liberal The front
age Of the block measured 200 feet. and
the price paid was about s., 900 a front
foot. Ia other words. the agent Of Bel
mont Co. paid out 5000. 900 in cash.
As soon as 1 sold my house at 81 Park
Avenue I offered nv resignation as a
member OF the committee OF safety, but
a. WAS laid on the fable