The daily morning journal and courier., 1905-05-16
HILLHOUSE ESTATE SOLD.
IT IS PURCHASED FOR YALE
 UNIVERSITY.

This Very Valuable Property Brings
 About Half Million Doliars-schooI
 of Forestry-A Portion for Park
 No DormitOries for Fifty Years
 Manor House Reserved COnditionalIy.
 The extensive Hillhouse estate, lying in the heart of the city, bounded by Whitney avenue. Sachem, Prospect, and Edwards streets. has been sold to the Yale forestry school, the deal hav- ing been consummated through the John T. Sloan company. James Hill house, one of the executors of the will of Miss Isaphene Hillhouse, reserves the manor house and three acres imme- diately surrounding, with entrance from Prospect street, for his own residential purposes, Yale university holding the prior right of purchase for the reserved tract should Mir. Hillhouse desire to sell it in the future. The price paid, it is stated, is approximately $5OO,OOO.
 Yale officials give out the following statement concerning the purposes for which the property is to be used:
 "The university, as a university, is not the purchaser of the property, as the condition of it's funds does not all low such purchase, but William M. Barnum of New York, Clifford Pinchot of Washington, Lewis Welch, Anson Phelps Stokes, jr., and others interest ed are making the purchase on behalf os the graduates who will present the property to the university.
 The university will set apart sec tion of the property between the man or house and Sachem street, for per- manent park purposes, this park to be maintained at university expense. It is also the intention of the university au- thorities to continue to allow the prop erty to be used by children and others very much as in the past. There is no intention of erecting any buildings in the immediate future, but the property is purchased with special view of meeting the needs of the forest school, and of the botanical garden.
 The movement for the purchase of this property from the executors of
 Miss Hillhouse was started by friends 1 of the university only after it was dis tinctly understood that the city would not purchase the entire property for park purposes, and those interested have effected the purchase with a view 1 to the interests of both the city of New Haven and of the university.
 .It is understood as part of the agree ment with the executors that during I the next fifty years no buildings con- structed or used wholly or mainly for dormitory purposes shall be erected on the premises
 The executors yesterday filed with the city clerk a withdrawal of their petition for the layout of streets
 through the Sachem's wood property.
 The appraised valuation of the. prop l lerty as returned by Burton Mansfield
 and Oliver s. White was s5100O0. It is
 understood that the purchase of the property is in the interest of the uni-
 versity was at a figure not far from s the appraised price.
 I The first step towards the purchase lof the property was taken by the Yale lauthorities about three months ago. A l few weeks later the matter was placed lin the hands of John II. Sloan of the
 John T. Sloan company, and through I this firm the deal was finally brought tc la head last Saturday. In the consum- nation of this transaction the concern =E has closed the largest real estate dea [that has ever been carried out in the city and has sold what in time vii prove to be one of the most attractive
 spots in New England. The Yale off, { Icials who were interested in the affail expressed great pleasure at the manner 5l in which the matter had been handled by the concern.
 j When the plans for the property hay, # been fully carried out the spot vii
 without doubt be one of the most at N tractive in this part of the country l Yale authorities say. The park vii < consist of a botanical garden ant I aboretum in which various shrubs will # be raised It is also stated that tn, sfrest of the property will be used b. a the forestry department for the pur
 pose of raising and experimenting ol I certain species of trees, and also fo ! the purpose of giving the students a < the school practical experience in tn
 care and growth of various sorts o . Etroac