The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-02-03
BELMONT BUYS HIGH ISLAND?
A SYNDICATE MAS COT CONTROL
or ITS rs ACRES.

6ame BUYERS That RouEht p Largo tracts
on city Island View Realty Conipan,
Bu,tng Land Aiong Port Chester
Read-John II. Mcdonald Interested
MOUNT VERNON, N. Y, Feb. a. Interest
was added 10 the sale OF more than 81 .OOo.0 oc
worth Of property on City Island to a syndi-
cate said TO be headed by william G. Whit
new. August Belmont, Samuel W, MoMillen,
ex-Park Commissioner and other New
York m~illionaires, when IL was learned
to-day that High Island, between City
Island and Harris Island. has been sold
70 the same purchasers hat have been
securing options on Ian on various parts
of City Island.
High Island was owned by D.. c.. Curtis.
OF Mount Vernon, who received 100000
for IL. Ten per cent. Of the purchase prioe,
5000, was paid down 10 bind tho bargain.
With q check on the Title Guarantee 4 Trust
Company. The check was Endorsed by
Lydia Bsggar. Checks for other property
secured on City Island were signed by
Mrs. Mckenzie" and Mrs. Bliss but It Is
believed that the women's names are being
used only as a blind.
High leland contains eighteen acres and
has valuable deposits of fine building stone,
q large dock and manor house. Rock
from the island was used In building Fort
SCHUYLER and the fort at Willets Point,
and IL 10 said the syndicate will use the
stone in building a clubhouse on High
Island and In the erection OF other buildings
on City Island.
Two large lots on the northern end OF
City Island and facing High Island were
brought at the same time, and II is rumored
that both islands will DO Connected with a
bridge at this point.
High Island was at one time the head
quarters OF a club composed OF Tammany
Hall members and It is now reported that
Tammanyites intend TO build Q big country
clubhouse on City Island and a yacht club
house on High Island. Another report is that
the stone from the latter island will be used
In building an o main power house
for the New York and Port Chester Railroad
Company.
The Realty Company Of New York.
which was Incorporated on Saturday with
q capital Of 81 900 900, and In which some
prominent citizens OF Westchester county
are directors, it Ii understood, has secured
options and contracts on large tracts OF
property along the New York, New haven
md Hartford Railroad, and the proposed
four-track electric road from the Harlem
River 70 Port Chester.
r. F. Nugent Is President Of the new
realty corporation, and Mayor Edwin W.
Fiske Of Mount Vernon. Nice-President.
Among the directors are i. c, Richard
son, Assistant Treasurer Of the Audit Com
psny Of New York. of which August Bel
mont is President.
Mr. Belmont and John B. Mcdonald, II
10 believed here, are the chief hackers of
the new Port Chester railway and their
agents have been buying large tracts OF
property at City Island. where II is pro-
posed a branch line OF the new electric
road will be run. The new realty company,
Il Ia believed, intends to Immediately begin
developing the tracts lying close to the
two railroads on this side OF Westchester
county. John b. Mcdonald, the Rapid
Transit contractor. has engineered several
big realty deals at City Island.
II IL generally believed that August Bel
and John h. Mcdonald. who are TO
operate the New York Rapid Transit Sub
way Company and the new Port Chester
road as a feeder to that system. are hackers
of all the big real estate deals and new
corporations which are seeking choice
on this side OF Westchestsr county
between Harlem and the Connecticut state
line.