New-York tribune., 1907-12-01

~, M.i MAJ I Used for large warehouses ter
,;t,e f1idings and model houses for the busy
,yor- Al 5es docks and term es1min@s 3st may t3e be
bul,t tire rSia6 ground pet,u, It5n,' 5nT i Man
astoria Lisat EeaI and Power company - pan, az
ming 10 60 with part Ct IL properly .sGiI6 l,,e @
great plant at Astoria AoaeI d inGusiitai ia rcnTn
lnoiate than twenty-five tEousan9 Peoplg P9p
rhere is sufficient land tributary to NORM l3e4S 4i
70 nlaAe LIE r6osf Instrument is normally de-
1ioIed ned no shriekny prophet point tie way
1.r the natural and inevitable tendency VI Lilo
The day is distant when the busy lTeigs;sfz
Of the world commerce ana me ;%I Ttaf arsine
vessels will mngle their smoke .t VIII Ltlat IsJ
from the ta chimneys from the factories OF BOY 6o%
borhood They Will wait their turn ior QnIt aG-
ing out in the deep channel near Rkers l@sIan9 Island
ilas Vast piers, 1eoo to l-59 feet in length; with
;iireily 10 the DieThead line absorbing in their
sapacous lnaws IN TURN te WaIa1e ne "a TriTs ~ viii
he loaded OF empted, and the freight viii speed
s.awsrd or al over the United States by various
direct channels of transportaton- IheTe @iIl pg
direct communication with the PennsylXana an9
rifii he Sli7 RaTrarv Raw Railroad Company thus
9e,ip. M the Zey England States the great West
the South by This method, all OF which IS else
where described in detail and illustrated in the
accompany ing maps From this harbor direct
zransportation Will soon be possible TO me ne GIe%l %
building 1Osl-ton barge canal across The state OF
.srs such as those 70 New BEDFORD bridgeport,
10 Portland, NorTak. New Haven, Fall RlVer;
Others will find i to theif convenience in the very
near future to avoid the always danSerqus i1i7i i1t
which may be offered TO them this Locality
10 any point of Manhattan points within the
5ree harbor lighterase zone or transferred q"
waiting cars at the piers ana tn5n HTyc,: VI t.
Tehandling, TO any part of the United states Z!
Al these facts are but feeble outlines 81 The
;5ure f 9s 81 t 1 i4 nf,,rS SIh 5aroT @ % NoTf
Beach Is but parcel there2I: ..no Zt 81 caTrfer "a
IS different from its PTedestned future eltoS -
rnenJ that comment concerning It IS ngaa per lttn1 f
prover7lent Company mas no cots for sale nor does
iable e m nTo6dTfy which II may develop
9ature on the general plan as outlIned aoSepeo %
TIE worlds great builders and -doers Of things
viii relieve It Of the responsibility
= REALTY INVESTMENT CONCERN
4 r,roynir,ent factor in the development of Long
Island City is the Royalton Realty Company, Nos
a. Jackson avenue, the officers Of which are
sn men of good business standing IN Greater
New York. It's directory comprises William II.
Williams IT. (secretary Of the Astoria Veneer
NiIlsa president: E IA Sinsbaugh. -voe-presldef'-
Alexander s. Williams (treasurer of the Astoria
Veneer Mills. treasurer; William Thatcher seore-
fary. Julius Manger (of ] & w MangeI: oahtetSi, ~
.nd Stewart W. EaTnes assistant treasurer ol Ie
j b Clahin Company; . 4 +, ,, ,,,,5,,-
engaged in building up Long Island City-7ith the
aid Of its bondholders whose c9P5a5 II hi 5na dv l
Sageousy handled is evidenced ny inc ISc' ] lIiat a.
They have yielded a net proht OF about $-V'"" III
-ha cOnlpany'S first year
Tie field Of the company's endeavors Is; as sao'
ZION ehe buying and selling OF real estate and the
lending
patron. and win loan him, on mortgage part
tn companvs methods rs set forth in its pros
1ectus will commend themselves TO prospective I'D,
's,eiv to Produoe the greatest results with mini
sIo, 3 ol or Psrces Of land that appeal to the
lectors' better Jd2lnent as g9oq 9t +FJ a.
7he I'VE directors, and always receives the careIul
consideration that board methods afford In p9pqo
lous sections judiCiouS purchases readily ytid -
12 per cent on the money invested and tins pr @
careful 20 follow the trend OF population ana
n issues two classes Of securities. under
which il agrees to pay Per cent per ahhuli
me ,iti ~ ;y,asfor tha sIITpIlls I1rots on a
- share WIN ttle IlttSot me : - cd,,t
--accumulative bond for the investor OF small
which he obtains 8 per cent interest on his say
% n ele cent for The life of the bond-fhrough his
investment, be enters, to AGAIN quote % me % com
mon from the date OF the tirst premium 1t estan3
fishes reserve fund on which he may depend anu
(which protects him from loss III case o. non-pdy-
space will not admit Of detailed description
of the many good points involved IN this class
soTai.r and a. tbe viii fherefore have to be
,I,11o-}f1,ei The, arr irterCbaneeabe after the
interest figured to date OF maturity. in case the
investor IS financially unable to continue his pay
nleHts; they secured by the company as
et real IS, estate % an secepted sCuy la IN ra{ed al Sg
becomes a security asset either as cash, or Its
and instalInent investment which create expense
41ev establish an income: they may be sIrren-
dered AT amv time in fun value. for the purchase
OF properfv from the company OF for cash value;
Guiding interest. or may continue them and they
non-forfeitable after first payment; only ex-
penses being deducted from amount paid on them
HOMES WITH LOVELY. SURROUNDINGS.
With the advent Of large manufacturing estab-
iishnents. which later viii surely locate
sn this district when the transportation facilities
row under way planned shall have been realized
the question Of housing the labor tributary to these
industries is a problem which is important TO
the manufacturer the selection of a factory site
of a home for himself. Under present condi-
45ols there is a great demand for homes both in
cheap tenements and for skilled labor, which want
Is being met by realty operators in various sec
lions Of immediate reach. ForeSeelng this not
only through any local increase, but also on ac-
count Of the urgent demand Tor nome SITES OF re1-
afanhsItap island a large tract a town in itself
known East River Heights, has been created TO
foot frontage the planned East River Park just
above the Astoria ferry, facing the lower end OF
crowds from Manhattan every summer have for
years used this beautiful waterfront and its natu-
4tnaT of trocou1l1e e Leach planted the splendid
beeches which now adorn the park and enbellished
ffe gardens Of the Potters. Hoyts, Juiards, Wool
.sers and Barclays. owners Of the land in those
homes. The natural beauty Of the land lent itself
10 the waters Of Hell Gate the view from passing
boats exceedingly attractive Around natural
springs artificial lakes were made and from uefn
- the river down the slop!ng gardens the water
fen in series of graceful fails Mucn OF the carry
development and the palilStaklllS ~oih oi SIo-
cs,nbe Leach may be utilized, thus saving the
iaIge sums sums "ISa If "u ,ba cy ~ o. TeZy York begins
actual work this natural and much needed play
ground for the people which oveTcIoWded East
side congestion seems TO demand. Back Of this
park or gently soping ground lies East River
city blocks. and its many improvements ready 10
meet the demands Of the future. I1ere one n1os
sie riy.r in plain sight in that part of Manhattan
bas,s- and