New-York tribune., 1910-01-30
THE AUCTION LIST
ATTRACTIVE OFFERS.
Oakdale Plot Sale To Be Held
This Week.


Estate Exchange salesroon. Nos. IA and 16
Vesey street. this week contains some
choice improved parcels on Manhattan and
in The Bronx.
At the Brooklyn Exchange there will be
an attractive offering of Oakdale plots.
The Oakdale lots form a part OF the
Peperidge Hall estate. fronting on West
Shore Road and Lincoln Drive and the
Great South Bay. about five minutes walk
from the Oakdale station of the Long ISL
and Railroad Liberal terms will prevail,
80 per cent of the purchase prices being
allowed to remain on mortgage for three
years at per cent. Bryan l.. Kennedy
will be the auctioneer. He will sell the
property for w. K. Aston.
Hidden under the routine form OF fore
closure sale notice is the fact that Joseph
P. Day on February will act as auctioneer
practically for the State of New York and
the United States government, in mort
gage matter which dates back to the
time when John c. Calhoun was in the
Cabinet. The notice, which is issued
by Morris Golland and John G. Pheil.
as commissioners for lending certain
moneys for the United States. of the
county of New York" announces that at
the foreclosure sale there will be sold
parcel known as $40 on the map of Van
Nest Park This property is vacant lot
at Jackson avenue and Garfield street.
within two blocks of Van Nest Park. one
block from the Hunt estate and three blocks
from the proposed New York, Boston &
Westchester Railroad The sum claimed
to be due is in the neighborhood of $3.50
principal and sf6 10 interest.
Mr.. Pheil, when asked about the matter.
said that this was one of the loans made
under law OF 1887 under which the United
States government gave some SIS, 100000 to
the various states to be loaned on home
property and homes only. OF this amount
New York State, by reason of her popula-
ton. was entitled 70 100000. This money
was given to the states to lend. at the sug-
gestion of John c. Calhoun, in the idea
of relieving the financial situation and
saving thousands of home owners. At
that time money was at a very high
rate, and thousands of persons could
not hold their homes unless assisted.
The relief at that time was immediate.
New York State in accepting the loan,
passed a provision as part of the state
finance regulations that made the interest
per cent, payable on the first Tuesday in
October. In the case of default of payment
only twenty-three days, instead of the usual
thirty. were given. and then the title vested
In the loan commissioners. This differing
from ordinary mortgage matters in these
cases. prevented any need for court pro-
ceedings. etc.
The need for these moneys has long
passed. but the United States government
has never moved to collect this fund, al
though recently a Congressman took the
matter up at Washington. The fund was
granted before the days of apartments. and
for long time it was held that it could be
loaned only on private dwelling property.
More recently, however. there have been
decisions that ruled that an apartment is
home.
The interest on the mortgages is rut into
the state and goes into the public schools.
At present the amount which is being lent
in New York County alone is about 100000.
The budget for the week will be as fol-
lows:
TOMORROW.
By Joseph P. Day.
sTH ST. SO. n $. o545 W Of 5th ave, 2sxea IL.
al Wsns s. assSs SS Boyle' ee'"s'e'a ref; amt
due. 50; s4s @ Il; L. taxes. etc. s7sS II; sub to
ON TUESDAY.
BY Herbert A Sherman.
leSTH aL5S ST. $50 $50 s. ltSS 49, # OF Boston rd
agt l King ct al: Black. V & S. attys;
c Flammer. ref; amt due. S2.soo 2S; taxes.
126TH ST, 3o6 and s2s. S. 3s1.s # of I'd
ave-. A. sxo91l; 8 sty tenmt and stores; Met,
Topperan pna M Trust " GO . agt Rosalia Nell ct all
$50. 352 SO; taxes. etc. 1894 67
By Joseph P. Day.
JACKSON AVE. e cor Garfield st. Van Nest
of the state.
ON WEDNESDAY
BY Joseph P. Day.
MONROE ST, 235. s. les # of scammel st.
2o sy96x24xes sty tenn,t; Henry st, 2s7. n
s. 1l5 # W OF Montgomery ST. 25xI0o, stv
asRioos asRms oSh enson s5 2G4 se 30 1so Of 50
ton St: 25xieo sty tenmt and store: East
24iixss sty tenmt nj aaharine ana n,o st.
Essie Rothstein ct al agt Fanny Rothstein e.
al; gloombs5g sses,sg B. attys; Maurice Goodman.
1o5TH ST. 2il and 2ls. 5. 1884 IT e OF 81
ave ave: 40 i9xloo H. sty tenmt and stores Thee
Samuel Btterman atty: NJ ! Rernhstr ee a. az:
ant due. $l5.43o Sc ''''
By Herbert A. sherman.
GOTH ST. soe. s. 90 IT OF West End ave oov
HON. for ana TS,,s sty dwgs: Jennie carkson
a%s Ss ssa o. Sub 'ss to paos a%s
ILSPENARp ST. % and c5 n 75 ., =,
Church 81. soxloo. sy loft and store bldg: o. q
a,,,.a iieIie w = sst ast + Liude: Harold Swain.
a''' '"Suer' ref; amt due sll .oa6 90.
BY Jacob H. Mayors.
HUGHES AVE. 2l2s, s. ba7 o. ., ,s,..
luIxeo lxl6Ixs4. 10, stv hr, d,ys. n ST.
AMI HoWe 1 Masaaiena ssSx, Marx e al; action i: d
sa2 90: taxes. etc. $500; sub 10 nr,nr que. %
~ I9msS idsSs AVE- M 2l2s. s. s94 IT Of IslSt $,
sa same; ns; action .; same atty: same Ts, e s, ast
OF S5. ara o5 v-'0' SUD 10 prior mtg
by solomon de walitearss
lS2D ST. 81 n a Tx .,
WILL sty dwg; Holmes aga Saeob ss. NorS os