New-York tribune., 1911-10-25

The estate of John II. Shuts, the wen
known horseman. in Westchester' ~ j.
and Connecticut was sold at auction o.!
ros.nb p. Day in the Nesey street sales
room, Yesterday for s14O50o to Herbert A.
sherman. acting for Max Marx. The prop
ertv comprises a o45-acre tract with ouiIu-
,rrs ard a Nne home The first bid received
was Sl25.0o.
The unusual1eature came after MT Sher-
man offered his bid for $4,000. At this
iunc,uro Of the sale Mr.. Shuts VINO gre"
more nervous as he saw the property sup
ring away from his grasp for so small
sum faced the audience. and. addressihs
Mr. sherman. said III give you so" 20
Withdraw your bid
~ the urico the property sold for the
rate pcr acre is little more than SV"' 'he
lowest recorded FOR choice property III
Westchester County in some years Inc
improvements on the property. accorulhs
10 Mr. Shuts. cost upward OF slSo'o" anu
he said that only few days ago ne was
offered Sl75.n00 at private sale. but "ouIu
not accept the bid: first because the prop
ertv had been advertised To be aucuoned'
and. secondly. he believed that the auction
sale would yield him higher hgure.
The property adjoins the estates OF
Marion story. Richard Croker. jr., William
n Catlin. Hobart Parks, Dom Baroer'
and has a mile track on which Mr. Shuts
exercised his string Of thorouGhhreds. Mr..
sherman said that the property has virtu-
allv been presented 10 the purchaser. as
n believed II was fully worth SooNN. The
ner nurchaser. who is a large operator In
realty. owns considerable property IN TINS
section. he having purchased l5o acres from
.he heirs Of the late a T. Stewart and
80 acres from the Henry Hilton estate.
Cleren, y Smith has sold 10 William
C;uecolz the northwest corner Of Aqueduct
avenue and West 17sth street. The Bronx
q plot aox7l s5x75x21oj feet, comprising
about 800 square feet and the northeast
corner Of Andrews avenue and l76th street
q plot anxsl s7x25,,i iooN33 52Xso feet compris-
ing about $50 SQUARE feet who gave IN
part payment No 4is4 Park avenue. a four
story tririe fat house on lot o5xl4o feet.
Plans have been filed for the erection of
2 two-story lodge for the Academy OF the
Sacred Heart. Of which the Rev. Mother
Moran is the Mother Superior. This build
ing will I've located on the east side 81
Convent avenue between 15oth and 135th
streets. about opposite l23d street. 1t will
have frontage Of 274 feet and depth of
234 feet. with a facade of local rubhle'
and according 10 the estimate Of the archl-
teot, + ". Rim. will cost S.5N.
In view Of tho reported increase in the
ludgtt. which. on the authority Of Con-
troller Prendersast. is in the neiEhborhooh
o. o rtr cent. tho Real Estate Board OF
Brokers has entered A protest against the
extraordinary rise which they believe
messages 2 pcr cent tax rate on the cN-
traordinary increase IN values made by TIE
present Tax Department a year ago
The board believes that nothing more
preiudicial to the city or its future couiT
be devised than the present unWarranted
increase in expenses All things point
toward a needed reduction in expenses; the
economic situation. the tax pressure on real
estate. from which II Is at present stasger-
Ing. and the lamentaole want Of economy
exhibited in all the bureaus speak more
loudly then words for reduction in eX-
ponses IN the budget to point below that
az the budget Of the last year.
A committee consisting OF Messrs Ward
he Seding and Tredwell will present the
boards views in person to the Mayor.
Seth Spra que Terry. as plaintiff in fore
closure suit Affecting a new twelve story
store and loft building at Nos. ia and III
East 18th street. adjoining the southwest
corner Of Irving Place. secured the prop
erty for s}lo.G4o Joseph p. Day sold II for
the account Of the Second Manhattan ONCE
Building Company, subject - mortgages <
eregatirg t2G7 800