The sun., 1908-11-13
no Big SHOV PLACE LEFT
IF THEGARDEN rs SOLD TWILL
PRESUMABLY BE TORN DOWN.

Managers Say mat while II Has ureught
Much Money int the City Taxes
on II Have Been Doubled and u
Has Been Otherwise OiEiciaiiy vexed.
THE directors have decided to sell
and get out said James G, Young. treas
urer Of the Madison Square Garden Com
pany, yesterday. "For years the scheme
has been q losing venture, and many Of
those who have been In II do not care to
60 or any longer. At the same time
they are not going to cell the Garden at
sacrifice. The. property is worth a
certain amount of money and they want
what IL 10 worth. II 10 centrally located
and covers O whole block and should
be very desirable piece OF property.
what will happen when the building
ID gone as far as the big exhibitions are
concerned I don't know. The attrac-
tions that have appeared in Madison
Square Garden have brought millions
OF dollars into the city. Mr.. Boldt OF
the Waldorf Astoria told me some time
ago that the Horss Show and the auto
mobile show were worth many thousands
Of dollars to him and that during those
two weeks he had to put on thirty-fve
extra head walters and an army OF ordi-
nary walters. During the automobile show
last year hotel men told me il was i'm
possible to get rooms In the hotels In this
city. 1t seems a shame that New York
cannot support a building OF this kind
which brings such an amount Of money
into the city. " Madison Square Gar
Ia bia ,.tn ths, 1F.lxy It m
city In the world without big exhibi-
tion hall.
-One great trouble has been the amount
OF taxes we have to pay, and IL seems as
If something might be done 90 relieve the
building Of taxation IN order that the
property might pay some slight return
to those who promoted the scheme when
II is realized what benefit it is to the city
and to those who trade in the city
Charles Schroeder, who Is the manager
Of the big building and Of the theatre,
said: Theatrical men generally are
ton at the Madison Square Garden.
People come from out Of town 10 visit
the various exhibitions, but at least one
or two nights In those weeks they will
visit theatres and 1t is the same with the
stores, with the hotels and with every
thing else. know Of no scheme on foot
to erect another building. and II Madison
Square Garden goes there will he no place
to hold even a moderate sized show,
because the Grand Central Palace is also
to be torn down."
II. H. Hollister. treasurer Of the Horse
Show Association and a director Of the
Garden Company, was one OF the original
promoters Of the scheme to erect the
present building. He and a few others
purchased the land for 81 600 600, which,
when the building was erected, they
turned over TO the oomrany, taking a
certain amount Of stock. which has never
paid cent. Mr. Hollister said:
THE idea Of ceiling Madison Square
property has been in the market, but We
have never tried to push it. Now with
the revival Of business we think 1t good
time TO sell. What will hapT en- TO the
shows can't imagine. Since the Garden
has been erected The taxes have almost
doubled, and then we are subjected to
all sorts Of petty annoyances from the
city Government that make things very
troublesome. For instance, they re-
fused this week TO allow US to put run
way over the sidewalk at the Fourth ave-
nue. end. 80 that the horses. carriages
and coaches can be got into the Garden
easily. and make us take them In through
small door on the Twenty-seventh
street side. It seems to me that a building
OF this kind should be supported in some
way by the city. but how that can be done
Is not for me to say. Other big cities,
narticularH those in Europe. have big
exhibition halls, which In some cases are
erected bv the local government and To
some instances are sunported by the
mpnicioalities in which they stand