The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-10-09
100000 PAID UP, $500 NOT
ONE ~ HERELI CtPITiI. THE
OTHER usS THE RENI.
IRIer,IAIe IARi and IsulIdinS cooperative
NssScIAIISa'S Lens SlFinS Of Onrrs
s'TiPPed AMI Vacant and Fr~ In.
Nesters and Creditors Come Around

NNSoftatiouS tsoue NNftns ~ oUatfN
stripped and Vacant and a Few In.
NcstOrs and Creditors Come Around
The dozen or 50 stenographsr- th.
half dozen draught smen. tn" three build
ing inspectors and the other smpl lSr,.-
who for the last wear have been employed
by IN. Interstate Land and Building
Cooperative Association on the third
hoor of the Smith-Gray Building az 26i
Broadway found Yesterday morning wh"h
they reported for work that Landlord
Willard T. smith had tackled upon III"
door q notice that the concern had been
diSpo~sess.'d for non-pa ym"ut ~ So"
rent The officer. of The concern haN"
not been around for almost week and
40 It became necessary to tack m" motto"
on the door
few men who had invested m an.
company bonds Joined the group Of
unpaid employees and asked whore Proz'.
dent , Alexander Anderson could b"
found Nome Of the dspo$s"ssed could
tell nor could they give any information
about Nice-PreSidcnt \ Henry Marshall
Vice President D.. J. sherry. who il also
listed az building manager. or ' |.
Gerard, the Companys secretary and
treasurer.
About year ago the company rented
all the long string Of connecting offices
on the Warren street side Of the build
ing and began To- send out folders telling
the details Of their schemes for selling
bonds and for sreS,ting houses on lots
owned bv their prospective clients For
references they gave the American Banker
and G. + Rideal professor VI finance,
= -. D
Rideal. but Columbia has no professor q
finance
When City Marshal Rlau TAGGED up the
disposseSs notice Yesterday a great deal
Of the elaborate rlrnitur" had h""n r"-
moved from the offices and IN" tioors Of
the different rooms w"r" Uttered with
papers Among these were some folder,
that outlined the company manner 81
working
The most imposing bar II th" coin
panvs literature IA regard - ~" -
"ntiilsd Perfection Reached a. Last
There arr, encouraging ~vb-tflc- also
such ~ The New Idle, "a" l.at"~r
Thought Principal Fully Secured lnt"r-
.-st Likewise Profits GuIrInr"'-i TIA"
folder explains
We ar. capitalized a' $40 "s of
this stgD .tssl j. paid mp our bGilt,ng
department; builds houses ~ various
d"sCript ions and prIs'- In Gr"t'rr Ne" /
York when "Np"r' app!hI~il ndl' t'"~
continuous rise IN values ,Iui when .
they dn not outside CIR" st"r N"N Work 7
Tn" building completed. 49, rtk" fret .
NOR Sagr hsaTIuI per cent n'"r"-' /
On the loi and hous" l>u1iiv a. IA" :
rat- Of ~ per cent Sometimes ~ per .
cent
John Brown hi- a 81 Nm lor and want-
- erect thereon . 500 hous.'. John |
Brown pays ~ 81 Ubp down Iu 't~T W. ?
fit up the $50 huu-' tn which ""
IN AXE an av"rag" ~ S'Si W" ',N"
mort gage Il 81 49, at per cen. On house
and lo, We soil thai NOR, gtg" IN" .
transaction thus completed yields ~
81" profit without any elimination q oar f.
urIrIut =! capital
tn" cigar man downstairs lj M" huild-
ing A." Weiss j. IN" II the investors no .
ia" 'pmlsIny.s bond. hu' ms Chi'i boss
- far. ~ SAYS. is 81 worth n uIEt.-~ D
which officers II N" company gH' NrlI" .
passing his agar stand ~ various times
and wh Ch AS" sav- haE" not boon lF"d
- fgr Ap..'- rank hpoN showed ma b" .
had M yasf"d 81 ~ IA" company bonds F.
80 NJ a week
AcArr-.rf..ruau"d, \ ra-.. - nn hung
around the corridors .r 70. .''"rr. .arI
COM .a.n"d thai the uplup,uE nN'~ h|r"
and seven other wuTkW'u sH..h $50 ''i .
work dom. on a hogs. 700 IlatIu-'. here
th" company - sad - have -.I'r' niutd.uR F.
Operations 4 man whp would uur KS"
hi- name sa'd n" r'.pr"-4'rtt'd % IArtv ni
investors which had bought ;. ts" worth
ui ne" bonds
Y. uu.. could 10. found 81 ur ta- ---i
Pr--id.nt Anderson ~uu'. tho beginning
If III. summer A. N. Hotel Alr.r' the
cI-rk sa.d that Anderson ga" Ip h.s
room- then" az th- n-RInntng ~ in'' -,Itr-
'n"T ,rd announced thLr be- Wa- going
ont West liz paid M hotel hIll Iraa--
tIr,.T G.rard dIii hi- furnished room ~
70 W..I TW-u'y-iDurtr street over 60. .
laiZN.- restaurant lat nIghi. according
- Iplap27l
4 "ash.d his check for So Iust h..iur"
h, l..ft CulaIIll -aId last Uighi
ta-.. the CARPENTER. -aid tiIt John
I lars. ~" Waterman 90 th'' h"t-'' ~
FlatbiIsh Wh.F'' 49,. 'Iad b.''u AuTkIug B
Last N..k got check for 81 drawn on
the. Williamsburg Trust COMPANY whirl
marked We funds The number II t's .
company Iuy"ztoI- could NOT h. I.'drN,'d
a. the. officer WEIR. not ~ ih"ir homes
yesterday or last nlRht. bat I""Pl" ahIVl
-.."n.d 10 have "a larg" lit uf clients
There are braucu ufiic"s ~ Pitt-hurg
Buffalo and Paterson
On IN. second door oi % furnished
room houses at 81 West Twenty fifth street
thirteen companies ar. listed ~ u.vrI-
S.trd arr rented Nv ttd"al IA" AMERICAN
Banker whI'h with RId..ii - gwen bN
~" Aud uf'i'' h,'u dl~p"--''--''d y.-i"r-
la, a. q reference 20 'h"uis. = listed with
iadrII- other concerns
I he other rDiuIdNI.- which hty" tH"i' .,
,i'ir.. rent paid IA ~" furnished room
nniI... Nv kid-al are The FIiu"Iry Com.
puuy.- Tn" Bankers Pro- N--"eittiuu.'
! u- A--prit-d Draslattc Pr"-- r."
Buukar- Library. The Music Hall uud
Ih"atr. Review .- IN" Avondil" Press
rh" B"rkshrr..- Fin,uo" Hnd Iun-trur.
Iiuu Company. III" south FArn- +