New-York tribune., 1902-05-14
LAND FOR COLUMBIA.
FRIENDS OF UNIVERSITY SAY PROS
PECTS ARE GOOD.
TO NEGOTIATE FOR SALE OF TWO
BLOCKS ON FAVORABLE TERMS

hOSflIAL SOCIETY EMPOWERS COMMITTEE
TO NEGOTIATE FOR SALE OF TWO
BLOCKS ON FAVORABLE TERMS
Friends of Columbia University said Yesterday
that there was good prospect for securing.
as an extension of the university grounds. the
two city blocks Immediately south of the libra
ry. This property lies between One-hundred-
and-fourteenth and ne-hundred-and-sixteen
sts and Amsterdam-ave. and Broadway. and
belongs to the Society of the New-York Hospital
1t was placed in the market few months ago,
and its market value is said to be near 81 $50
600. The Tribune recently announced that ten
prominent bankers and financiers of the city had
agreed to lend the money for the purchase of the
property, If it could be bought at that figure,
and hold it for eighteen months, with the ex-
pectaton that Columbia University could raise
the money in that time to buy it, The two city
blocks would make room for athletic grounds
and for additional buildings which the univer-
sity will need in the future
1t was ascertained yesterday that the Society
of the New-York Hospital had empowered it's
committee on real estate. of which II. H. Cam
mann is the chairman to negotiate for the sale
or the property, and that members of the com
mlttee were strongly in favor of selling the
property to a syndicate that would hold it for
Columbia University on favorable terms The
negotiations for the sale of the property have
not proceeded tar, but it is believed that before
the board of governors of the Society of the
New-York Hospital holds the June meeting they
will have been concluded.
In 1870 the Society of the New-York Hospi-
tai bought farm at Bloomingdale as a site for
an asylum for insane patients an institution
long known as the Boomingdale Asylum. The
property then extended from the line of the
present Amsterdam-aVe. $ far west as the old
l\lngsbridge Road going at one point nearly to
the riverside Park, and extending also from
One-hundred- land fourteenth to One-hun-
dred- -twentieth-St. When the four city
bia University were sold for S2.OOOOO0 dozen
years ago. the society acquired a farm of larger
dimensions at White Plains anew site for the
asylum Later the society sold the site of Bar
nard College. 1t has the of the original
farm and wants to sell the property which has
been unprOdUctive and expensive for many
years. The property has increased in value
enormously since il was purchased by the soci-
ETY.. BY its sale the society will be able to add
10 the buildings of the asylum at White Plains
already large and costly.
The Society's real estate used for hospital pur-
poses, in addition to the White Plains property
includes the hospital site in Fifteenth-st., ex-
tending through the block to Sixteenth-st.. and
almost covered with large and expensive build
ings. and the site OF the fine branch hospital in
Hudson-st 1t still owns part of the land which
was the original site of the hospital between
Broadway and Church-st. and between Duane
and Worth SITS, and collects ground rent from
that property in the heart of the drygoOds dis
at No. 81 Broadway the south side Of Thorn
asst and No. 3l9 Broadway. the north side
year amounted to S16S,S13 93 ThOmas-st was
cut through the original hospital grounds.
The society still has it's original charter.
granted by George III, in 1711. 1t hangs in
frame in the sOClety's main office and has be-
come almost illegible from age. The society has
dents. with the exception OF Cornelius N Bliss
who was elected last year.