New-York tribune., 1911-11-29
SPECIAL ANNOUNCEMENTS.
NEW YORK REAL ESTATE Sc
CURITY COMPANY.
Founded by Oldest Established Realty
Firm in City-offers Secured In
vestment That Pays So Interest.


formation regarding its real estate. Tho
population Of the city then was ssl11l, as
against 5.oNOoo to-day. Broadway ended
a; sd street. and the Bowery at Union
square The avenues were unknown and
country roads succeeded the ends OF
streets The assessed valuation OF the
city's real estate was SlS6.s47,2i6. as against
g7.oa4,1s2.6Ss in 1911 The rate Of taxation
was 5Sc on 800. and the amount raised
business Of the city was s1.S94, 1876. against
Sl7AO79, ,SS5 for 1911. Wall, Pine, William,
Fulton. Broad. Nassau. Liberty and Beck
man streets were the locations OF indi-
yiduals or frnls engaged in the buying and
selling OF real estate. The majority OF
these confined their operations 20 the city
Glow I'D street. the others north Of it.
The Oldest firm was that OF stephen Van
Rensselaer,. one OF the Erandsons Of
Pstruon Van Rensselaer,. established prior
70 1896 The FIRST PATRON or Lord
Van Rensselaer, came 10 this country
shortly after the discovery Of the Hudson
River. in 1909. He settled in what is now
Albany. and began 20 acquire land in that
section Of the state. lie turned over to his
lcIrs about thirty miles square on both
sides OF the river, at. above and below Al
hauy The second PATRON added to the
estate. which in 1871 was valued at SO, OO0.Oo0
and included hundreds OF lots in New York
City Next 10 John Jacob Astor's estate
70 was the wealtliest IL the country. The
present Mcvickar. Gaillard Realty Com
nany. Of No. A. Broadway. is a direct sue
-eSs0r Of the real estate firm organized by
the second PATRON Van Rensselaer,.
There are some interesting records Of
real estate values in 1871. which. compared
with those Of to-day. viii show what is
.r store FOR the investor tomorrow II he
studies the movements Jf New York City's
population and commerce.
In 1871 lots on Fifth avenue. from S5th
90 f0ta street. could be bought for 500
vith 800 paid down. Lots between Central
Park and Harlem River and the North
and East rivers ranged between 500 and
tso0 Up 70 1857 this was the only section
% and around New York where property
had not more than doubled in value. Lots
ou lower Broadway in 1S41 sold for $1,000
A chronicler OF 1855. comparing the posi-
ton OF merchants with that Of real estate
tolders, said.
Where is the property Of the merchants;
where IS the man, or the widow, or the
orphan whose funds were invested in rail
-oad bonds and other kindred securities,
and where are those whose investments
were al + per cent on bond and mortgage
The answer is within the reach Of all
ruin. ruin to thousands Of the former.
while almost perfect security has been the
10y Of the latter" History is repeating
itself to-day I'm New York City. as it's real
estate is suu the best security in the
world
New York City's real estate to-day Is
FIRST on the list Of safe and profitable in
vestments 10 Is not affected by financial
paaics and II IS always enhancing in value.
During the past twenty years the average
annual advance has been nearly Z per
cent. and IN certain favored sections II
has been over 100 per cent
In ISr the man OF small or mOdcr-
ate means had little chance 90 invest
directly DO New York real estate. as IS
evidenced ly the large fortunes handed
doaa. by those who were shrewd enough
20 iuvest In Il when old New York was
Young Within a generation, however. 'he
interest of the small investor has been
considered. and to-day New York City has
mortgage investment companies and COM
ranies issuing bonds secured 10y high class
developed real estate which give the man
o. email or moderate means an opportunity
Tor profit making
Az interesting coincidence ia this regard
ID. that the McNickar. Gaillard Realty Com
uanv Of so 4 Broadway. Manhattan, the
direct successor Of the oldest rea! estate
operator ia New York City was the first
company to inaugurate the system. by the
formation Of th.. New York Real Estate So
curity Company. Of Offering bonds yielding
an annual income OF S per cent and secured
5,' blanket mortgage, given TO trust
oonpauv. as trustee. on improved high
class property 10 New York City. This opens
tlc way To- the rersou Of limited capital to
invest anG receive "a greater than banh
interest with New York real estate as
security
Tho Neu York Real Estate Security
Comudny fellows the system of issuing
bonds secured iy real estate which has
toon successfully carried on in Europe
since 1870 particularly in England, Ger
many. France. italy, Spain, Russia, Hoi-
land sweden and Norway. This system
enables ans person. whether Of small or
largo means. to invest his savings in com
tuauon with large capital, and have them
se.lred by improved real estate. IL Is d
we'll known fact that during periods OF
nn.u.ial unrest real estate IS the last Sc
cur'ty 20 be affected.
The Nsw York Real Estate Security COM
pany. because Of fits trust mortgage feat-
uro for the protection OF the principal ana
.ntera.t cf it, bonds. is the most important
of tse security companies operating IN
Sow York City This company IS al the
present time the owner Of high class I'M
l.u..d inoome-prOducing real estate SIT
r.-cd BOZ tGe best residential ana business
districts Of the Borough Of Manhattan ana
worth 200 tho ueighborhOOd Of $loVVNVVV.
JOS e...tsI stc.'. is S5.9yj.yjt. The per cent
mo.t-alc bonds of the New York Real rs
,.ta Security Company offered for SAFE a'
rar arc secured by q mortgage 10 .
tr..e- .oursnv as trustee for the bona
holder. This mortgage covers all the
rr.port. now owned by the company as
vcI se that hereafter acquired ana al Oh
ta. crrrauv's general assets. These bonds
s-e duo In fifteen years with interest pay
able seui-annUally January ! ana July l.
Tues arc issued in denominations OF $lVv''
So and 500
Th. provisions Of the trust mortgage as
sun. ts the bondholder that the capital
u.es.. by him shall al al times remain