New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-29

A xsAooo Columbus-ave. deal was reported yester-
sav It was the sale of tie block front on the east
SIDE Of Columbus-ave., from S5th-st to s6th-st for
the city Investing Company, of which Robert e.
I1oEiing is president, by Charles H Easton & Co
This parcel the last remaining unsold plot of
.he Clark estate property, bought some months ago
BY the seller.
The buyers of the block front parcel are Harry s
Eoupt and Robert S. Finney who will erect on the
site six story elevator apartment house with
stores
Edward Hirsh sold yesterday the Palais Royal.
new seven story hreproof apartment house at the
northwest corner OF n3th-st and 7th-ave The
buyer is investor.
The Real Estate Board OF Brokers intends to op-
pose vigorously Senate bill No. $751; which provides
for tax Of one-half Of per cent year on ell
future mortgages, leaving existing mortgages sub
5ect existing local taxation. II hopes 10 get own
and agents OF real property in this city inter-
ested in its work by becoming members Of the
legislation and taxation committee of the board Of
which committee Francis E. Ward is chairman
The board has issued a circular calling attention
70 the work Of the committee and asking owners
and agents OF real estate become members of It
The circular reads in part follows:
This committee has been appointed for the pur-
pose Of securing the united action of real estate
interests in this city in promoting the passage OF
laws beneficial and equitable TO owners of real
estate: in opposing and preventing the enactment
Of legislation detrimental to such interests and the
improper expenditure OF public funds to secure an
I
and diffuse accurate and reliable information re-
latfng TO real estate, and TO promote concerts ed
action by real estate Of this city concern
ing all matters affecting their interests.
In addition 10 the voluntary services OF its Off
GERS and governors. the board purposes to establish
paid bureau for the furtherance of these objects
No Initiation fees required. The annual dues
are $. payable in advance. Recent events have
demonstrated, IN the opinion of the board the
necessity for prompt action. and it is hoped that
the public response to this appeal large sub
scrioership viii result in rendering its ac-
tvtes thoroughly representative the interests of
every taxpayer in this city.
We are opposed to Senate bill No. $751;
Senate bill No. $50 provides for the exemption of
existing mortgages from taxation and the exemp-
ton Of mortgages hereafter recorded upon payment
OF one-half OF per cent recording fee. While
opposed TO any fee tax. shall support this bill
as a compromise measure
BIZ No $40 provides for the exemption from tax
ston OF secured Indebtedness other than mortgages
et.aabracng real estate in the State OF New-Yorl,
aIter payment Of one-halt of l per cent tax.
We shall support IL.
The passage Of Bill No. ST, apart from its in
justice would be a serious hindrance TO the de-
Weeping OF realty. II you realize the gravity of
the measure, we feel confident of your support to
Us in opposing il. -
large fund is necessary TO meet the expenses
OF TINS committee and should be pleased to re-
ceive your subscription"