davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1911-11-29

consists Of IN estate OF 800 acres lying
along the Shrewsbury River. Porl3upec
and Pleasure PAYS. adjoining Long branch
and Monmouth Beach. II is .urrounded
by the splendid cottage" palaces
of the wealthy citizens Of New YORK
and New Jersey. To the north * view
of the magnificent grounds and ciuohouae
OF the RumsOn Country Club; to the east
may lee seen the ocean, 10 the west is
green rolling countryside fringed with a
great belt Of woods; and to the south lies
Long Branch like q vast park, The
grounds upon which Portaupec is located
are dry and healthful far enough away
from the ocean to avoid its depressinS
mists. but near enough t. benefit from us
refreshing breeZes. Marshes and malaria
do not exist and mosquitoes are prac-
tically unknown.
In planning the development Of Portau-
pee every one OF its natural advantages
has been taken into careful consideration.
Roads have been laid out like park drives,
graveled and finished with grayeled walks.
A complete electric and telephone syS-
tenn. artesian well, water service and hre
hydrants have been installed. Parks have
been laid out and community piers have
been erected, thus giving the inland owner
the same boating and bathing Facilities "a
the man who has located directly on the
water.
The purchaser Of home in this de-
sirable spot is fully protected by the re-
strictions framed by the company. Bust
ness cannot intrude upon the man VINO
ness houses can be erected at Portaupec-
on-the- Shrewsbury. Neither will there be
any cheap apartments or cheap and un-
slightly houses, for minimum rate Is
placed on the cost of buildings erected.
In every way the property owner is given
an absolute guarantee Of the establish
ment OF a very select neighborhood Sew
eral modern and attractive bungalows
have already been erected by the COM
pany: also handsome clubhouse. model
of rustic architecture and elegant SIM
New-York tribune., 1911-11-29

is we'll known that not many years ago
lots i'm Asbury Park sold for 500 which
to-day are worth 10000. At Atlantic
CITY lots on Pacific avenue have increased
twenty wears. ShreWd business men are
to-day placing thousands I'm seashore real
estate property. and I'm q short time tracts
like Portaupec will be almost priceless
All Improvements on POrtaupec VIII be
completed next spring and an active cam
paign begun. Selling conditions are easy
Ten per cent Of the purchase price is to bs
paid upon signing the agreement, the re-
The bungalow colony IS growing fast
To-day's opportunity and tO-day's prices
may be gone tomorrow.
The company also owns several prop
critics in Northern New Jersey, among
them being n 450-acre tract lying along
the Lehigh Valley Railroad and the Gem
trail Railroad of New Jersey, which is the
intention OF the company 10 open up next
spring as a small farm proposition TINS
property, living along the two railroads. Of
fers exceptional advantage because Of rs
accessibility to New York.
The property Of the company known az
Premium Point Park, situated IN New
Rochelle, is waterfront property, having
a considerable frontage on Echo Bay an
inlet Of Long Island Sound. This prop
erty is developed along high class lines.
having water. sewer. gas and electric
lights installed and macadamized streets.
The property IS res tricted 10 one FAMILY
houses 10 cost not less than $500 The
houses that have already been erected
upon this property have cost from slo,-
600 10 $4,000 and through sales ALREADY
made unquestionably there will be sew
eral houses erected upon this property in
the coming spring.
The Offices Of the New York Central
Realty Company are located In the Mar
bridge Building, No. 1928 Broadway. be-
tween 34th and 35th streets, New York
Any desired information regarding their
properties will be given on application
New-York tribune., 1911-11-29
oa-o,., .uuouNcemeN1s SPECIAL ANNOUNCEMENTS
NEW YORK CENTRAL REALTY COMPANY

bliclty. Bowling alleys. billiard and pool
rooms and tennis courts are attached IN
the clubhouse. and for the convenience
of the lovers OF motor boating large
pier has been constructed from the pier
TO the channel.
Portaupec- on the Shrewsbury is easily
reached in the summer by $50 trains daily
with low communication rates. The lines
OF the Pennsylvania. Central and Jersey
Southern by which POrtaupec is reached
run through q country beautiful beyond
description. and they connect directly with
the handsome steamers Of the famous
Sandy Hook route. II Is also reached by
the Patten Line steamers, and thus both
water and rail transportation facilities
are available. Once arrived at Portaupec,
there are not such beautiful roads for
motoring and driving 10 various interest
ing points I'm the country. North Long
Branch. Monmouth Beach. Low Moor and
Seabriaht can be reached on the north
Southward there stretches the magnificent
ocean Boulevard through the aristocratio
communities Of West End, Hollywood.
peal Beach and Allenhurst. terminating
i'm Asbury Park, with its ocean dips, great
auditorium and new S2,000.000 pier
In the purchase Of a home site, not only
IT'S advantages as = rest and recreational
point must be considered, but also its
value as an investment. IL must be re-
rnemhercd too. that there is no more sea-
shore than we already have. hence what
is left is being taken up very rapidly. II
New-York tribune., 1911-11-29

II is an excellent thing TO have money
1t is more excellent thing to have it safe
IL is most excellent to have II earning ana
at the same time safe.
Many offerings for investment are prof
fered TO the public, but If careful inVesu-
cation were made, and the actual 1acts
probable that half Of them would prove
entirely speculative, 10 say the least, where
the return OF interest would be uncertain
and the security Of the principal quite
questionable.
The remaining half might be found 10
contain more or less merit, but proper
ton of these even would appear to con-
servative judgment as doubtful In regard
II is a fine thing for the country to have
multiplied industries put on a paying basis
tut Il IS pity when well meant dreams
get the hard earned savings of people or
limited means TO be squandered in some
vain endeavor at promotion by some pay
less plan OF a proitless proposition
IL Is very generally conceded that good
real estate is good security; In fact, the be-
lief is SO widely entertained that no argu-
ment Is needed TO produce conviction OF tho
truth. IL is widely known 70 be the rulc
that wherever city is rapidly growing lii
population, business and wealth, real es-
tate in that city Increases in value. TINS
rule has been nowhere better demonstrated
than in New York City, where, according
TO the city tax books, values have Increased
from less than three billions In the year OF
the consolidation of the boroughs to seven
billions, IN n period OF one dozen years.
The city still continues to grow and real
estate values are still on the increase. As
grows the nation so grows the chief city
of the nation. New York City is very far
from It's full growth. This judgment Is sup
ported by universal testimony.
Great fortunes have been made In real
estate In New York City, because OF the
favorable opportunities afforded by its
growth. Fortunes are still being made,
and will continue TO be made, In the same
business for generations 10 come.
One condition is necessary for the accu-
mutation of a fortune in the real estate
business I'm New York City. and that Is
sufficient volume OF money Because OF
this, opportunities in the past have been
chiefly confined 10 moneyed people IT Is
different now. There are successful real
estate companies who. by issuing bonds TO
the people and successfully selling them
secure largo funds for successful operation
Among the successful companies or this
character is the Monaton Realty Investing
1t has acquired extensive
holdings OF valuable properties, and Keeps
adding TO them all the time; has built up
a large patronage and established thriv-
Ing, growing business In comparatively a
short time-about four years and hair
One reason Of this is the commendability
of it's proposition. II deals only In care
fully selected income properties. purchased
fully These properties yield continuous
income and thus have the advantage or
proposition that pays as II goes, with an
for increase IN valuation.
This is a conservative business plan, es-
New-York tribune., 1911-11-29

The man who represents the great mlddie
c;ass OF American citizens Is not generaLy
a romantic individual. He is too busy ana
vet he has his day dreams These mostly
take the same form-a summer nome or
vacation place I'm cool pine forest near
the sea-a place where he and ms Wlie
can find solid comfort and the children
can disport themselves on the beach. A
few years ago those dreams could never
come true. for only millionaire could af-
ford a cottage on the sea coast Now
everything is changed. For modest price
a most desirable building lot may be pug
chased within three minutes walk on the
shore. and all the luxury Of existence hith-
orto possible only TO the rich may be en-
1oyed by the families Of men Of limited re-
sources.
In presenting the Ocean Gate prop
critics for the consideration of people who
New-York tribune., 1911-11-29

The Superintendent of Insurance discuSs-
ing those laws. said:
II Is dif1eult to gainsay the excclieh,, poe zoe
tjcal results OF the insurance laws 0t iy,o az
taken as n whole. The business OF ny ha ~,
surance has been purged OF nue. @ n,,tich bhsi
was undesirable and 70 the saiety maron a,,on
has long been characteristic OF lilsui I'm fSiio
in The large New York companies iieS ~ .-, =,
added a prospect or increasing eIoIiy.ny iy,yS
and of increasing returns TO polcyH atle.a .
which should add to the prestlbe OF 49, 49,
institutions and greatly beneht the eoi'i-
inunity as a whole.
The ownership control Of the Equitable
beaueathed b. the founder to MS son.
James Hazen Hyde, was transferred as +"
consequence of the investigation to ThoHas
=. Ryan. who deposited the stock with
voting trust. of which eX-President CieVe-
land was member, pending what was
called naturalization of the compahy'
! Pierpont Morgan acquired the 'V-
shares OF the total of 1,oO shares "hich
Mr.. Ryan held in December, S"', ana
placed them in a voting trust which IS
composed now of J. Cass Ledyard' George
W Perkins and Judge Morgan j. O'Brien'
New-York tribune., 1911-11-29

The New York Central Realty Company
were among the first to develop reai
estate I'm Westchester County, New YORK.
The original holdings Of the company
were entirely among the lines Of the New
York Central e. Hudson River Railroad
and Il was on account Of this that the
company name was chosen.
Some Of the valuable properties de-
qeloped by the New York Central Realty
Company include those at Elmsford, ana
at Tuckahoe and Westchester Park upon
the Harlem branch OF the New York CEN
trail e Hudson River Railroad; also prop
critics al New Rochelle known as Premium
Point Park and Stephenson Park, upon
the New York. New Haven e. Hartford
Railroad Besides these. the company
owns several other undeveloped which II
ia their intention to develop i'm the near
future
Recently the company has acquired one
of the most attractive properties in the
country. This Is a bungalow tract known
az PortauDec-on-the-S Shrewsbury In loca-
ton. climate and advantages. this Is an
ideal spot Quiet, easily accessible pos,
sessing all the conVeniences Of city, anu
only few minutes removed from AsDury
Park and Long Branch, Portaupec-on-the-
Shrewsbury presents to the man VINO
wants a summer home where he may ger
ocean breezes and shady groves and trees
an unparalleled opportunity.
Portaupec was originally settled py tIe
Portaupec Indians, hence it's name. IL
New-York tribune., 1911-11-29

tablished on a rational basis, hence the
success of its appeal to the people.
Another reason of It's success is the con-
venience Of the investment for people OF
moderate means, giving them an oppor-
tunity TO save and receive per cent com
pound interest on their savings. and
share in the profits Of the business of the
company besides.
Either there can be an accumulation on
the plan OF easy payments for term, the
interest being allowed to remain ana COM
pound. end all, including share in the
profits, 10 be withdrawn at the END OF the
term.
Or there can be investment on a cash
basis Of as low as $40 at a time, the In
terest to be drawn out at the rate or D
per cent. After ten OF these $40 certin-
Gates are procured the company will ex-
change them for q 500 profit-sharing cou-
pom certificate. the interest Oh which Is
paid every six months. Every $40 ex-
changeable certificate is complete invest
nlent in Itself.
The Monaton also conducts the general
line Of real estate business, such as rent
ing leasing, buying and selling, and man
aging Of properties for others. Its equip
ment, experience and skill. obtained by
management Of its own large holdings.
particularly qualities the company for the
management OF property for others.
Its owning property in different sections
OF the great city enables the company 10
be In touch with the various sections, and
therefore is advantaged to have a central
bureau OF information, convenient both for
those who are looking for apartments and
for those who have apartments to rent or
property TO lease.
The company has recently opened a
local branch Office for general real estate
business at No. 549 West Slst street. col
ner OF Audubon avenue and lSlst street
With the increase OF population and the
rapid growth OF business productivity more
people are prepared TO invest money.
Money savers have been graduated from
the savings bank class, and az people be-
come better acquainted with the companies
which own New York City income pro-
ducing property and more familiar with
the convenient and profitable method or
accumulative savings. the more will per
cent be less attractive and the more VIII
Der cent compound be taken up.
Conservative investors desire to know
that the financial standing OF the company
they shall go into shall be certified TO by
reputable. disinterested and competent ac-
cOuntants. They shall desire TO know also
that the valuations placed upon the prop
critics are not inflated. but conservative.
In this respect the Monaton can satisfy
the inquirer by showing the certihcation
of public accountants and the appraise-
ment Of expert public appraisers.
The conservative investor wishes 10
know. too. the margin Of security above
the liability In bonds the company has is
sued. The certificates issued by the Mon
atom Realty Investing Corporation, Times
Building, New York. are protected by the
entire assets of the corporation, including
its capitalization, and thus affording q
gratifying protection to every certificate
Issued
New-York tribune., 1911-11-29

gage. health and such other kinds Of IN
surance as practised to-day were not known
in those DAYS. and now the assets OF com
panies engaged in these lines exceed 500
10000 and the amount Of their outstanding
policies approximate sl0COo,00o00O.
one OF the most important developments
in the insurance business here was the
establishment Of the Insurance Department
OF The state Of New York, in 1860. Pre-
vicusly all "moneyed" corporations-which
term was defined TO include Insurance com
panies-made their annual reports TO the
Controller. but an examination Of certain
fire insurance companies in 1853 disclosed
condition of affairs that led the Legislature
Of 1859 TO take the supervision Of such com
panies out OF the Controllers office and
place II in special department. The wis
dom OF that step never has been disputed
since.
William Barnes. father OF William
Barnes. ir chairman of the Republican
state Committee. was appointed the first
superintendent. The department began by
assuming supervision over 172 fire, fourteen
marine and seventeen life companies. When
the department was fifty years old, last
year. there remained only thirty-eight, one
and ten. respectively, Of the companies do
ing business when it was organized.
Two other great events in the local in
surance world were provided by two big
life companies individually. namely, the
New York Life. about fifteen years ago,
and the Equitable, about six years ago. I'm
beth cases internal disputes leading to pub
lic demonstrations and public activity that
were not without farreaching and lasting
effect on the business
OF the two, the Equitable incident was OF
greater moment. 1t led to an inquiry by
the State Legislature with view to re-
forming abuses that were believed to have
grown up in the management Of insurance
companies. The legislative committee APP
pointed Charles r. Hughes as its counsel.
and his work in that capacity won such
popular favor for him that he was elected
Governor OF the state and reelected for
second term. during which President Taft
appointed him TO fill vacancy in the Su-
rreme Court OF the United States.
Moral Sense Shocked.
That inquiry disclosed conditions that
shocked the moral sense not only Of this
nation, but Of many others for American
insurance companies had an immense for
eien business and everywhere the infer
ence was drawn that II the practices al
legged to have been INDUCED in by officers
OF the company under investigation were
true they might be common with officers
Of other such companies.
The result was Immediately a large fall
ing off I'm the new writings Of domestic life
insurance companies. but this effect OF the
disclosures was soon offset by the reforms
New-York tribune., 1911-11-29

ocean combines with that Of the pines to
form most invigorating and medicinal
climate. The sloping beach assures un-
equalled facilities for fishing and bathing.
Grabbing and sailing are some Of the sports
at hand and the profusion of water fowl
makes it a paradise for the sportsman. Be-
sides these advantages home site here
would possess those of the real country,
lawn shade and pure spring water
Aside from it's recreational advantages
ocean Gate" has unusual value giving
features The farseeing investors are to-
day investing in sea coast property. Real
estate values on. the coast are growing
higher every day and shore properties and
development are the greatest field OF sue
cess. A man may well choose the site ior
his bungalow on the coast and know that
while he Is enjoying his investment 50
hugely, his property is rapidly rising IN
New-York tribune., 1911-11-29
WHEN FANNY ELLsLER DANCED.

A favorite with New York audiences
seventy years ago was Fanny Eiisler' a
dancer. whose fascinatlons were quite as
potent in Europe as in America. During
a single engagement at the Park Theatre
where she danced fifteen nights. the seats
were all taken at each performance, ana
II was generally believed that had the
theatre been twice as large, she would
have filed It,
The receipts were $4,000. OF which
Fanny's share was $4,000. On the strength
OF this success she compelled the managers
I'm Philadelphia to pay her 500 night.
New-York tribune., 1911-11-29

that followed in both the ownership OF the
Equitable and its management. az well as
by the legislation to which the disclosures
gave birth.
That investigation was In 1905 and the
consequent legislation was enacted in 1895
Reports began In 1909 to show that normal
conditions had been practically restored
and that the life insurance business more
over, was being conducted i'm a far more
advantageous way all around than ever
before i'm its history. Saving in expenses
was remarkable. increase in assets was
noteworthy and there was also substan-
tial addition to dividend participauons.
New-York tribune., 1911-11-29

II is intended to develop plan WHEREBY
tho dangers lurking in the public nina In
the control by single individual OF assets
so vast az those possessed by the Equitable
viii be permanently eliminated.
Thus was q new order Of things brought
about in the insurance world here and the
business stands to-day. consequently, on
niober and better plane in every way
than ever before I'm It's history.
New-York tribune., 1911-11-29

are in search Of an attractive home or
vacation site at a minimum price, the
Great Eastern Building Corporation, No.
45 West 34th street, New York, is doing the
public an invaluable service. Easily acces-
sible from New York. and the nearest high
grade watering place I'm a direct line from
Philadelphia. ocean Gate" offers all the
location environments Of the country seats
Of millonaires. 1t Is directly opposite and
in full view OF Island Heights and Money
Island n. J.. with Asbury Park. Belmar
and Point Pleasant for shore neighbors,
and Lakewood and Lakehurst for inland
neighbors.
The advantages of ocean Gate" cannot
be quickly enumerated It is a beautiful
rtne grove park. with beach that is un-
surpassed. The saline atmosphere from the
New-York tribune., 1911-11-29
A STREET IN KISSENA PARK

The above view taken from The Tale of the Camera,
unique publication just from the press showing step by step
the result o four years work in the development of 300 acres
of high rolling land into ideal home secto consisting of
nearly 5000 lots.
In selecting this location and developing it in the highest
degree of the art have realized that the home buyer
the investor must keep constantly in mind accessibility adapt
ability and desabity if he would be insured against future
New-York tribune., 1911-11-29

Are the health and comfort of
your family Of any importance 10
YOU?
Do YOU 60 to business every day?
Do YOU want to live amidst
pleasant surroundings:
Are YOU looking for most prof
table real estate investment:
New-York tribune., 1911-11-29

value and Is becoming his most profitable
asset.
ocean Gate" is easily reached by the
Pennsylvania Railroad and by the Central
Railroad Of New Jersey and is within easy
riding distance from all the noted resorts
throughout New Jersey. With more than
two and a half miles OF shore front, and
every high class feature that could make
a perfect coast subdivision, Ocean Gate
offers the ideal home, vacation or bunga-
low site TO people OF moderate means.
For information and free guest tickets
address
The GRtAT EASTERN BUILDING CORPORATION.
PHILADELPHIA OGicc, New York Office,
Retz Bldg. Monoith Bldg.
New-York tribune., 1911-11-29
The Ocean Marine Business.

The bulk 81 the ocean marine insurance
business I'm New York then was transacted,
ss now. through companies organized in
foreign countries and having branches here
casually fidelity. surety, credit mort
New-York tribune., 1911-11-29
KISSENA PARK
EXCELS IN ALL THESE.

1t is most accessible being but minutes from Herald
Square via L. l. r. r. and 40 minutes by trolley via Queens
Borough Bridge Fare cents
1t is most adaptable in that it thoroughly graded
severed curbed and paved Landscape architects have pro-
duced the most pleasing effects by the planting and grouping
of many thousands of rare trees and shrubs.
1t is most desirable in that lies within the well known
village of Flushing with its beautiful Streets fine churches ex
ceent stores and shops its splendid schools It's Country Cup
Yacht Club and Oakland Golf Club its amusement halls and
theatres.
1t also adons KisSena Lake Park with 100 of Lake.
Wood and Lawns Shaded Walks and Pleasant Drives.
All the foregoing places Kssena Park to the forefront as
a living or an investment proposition.
Houses with foyer halls steam heat hardwood trim and
floors, open nickel pumbng rooms large airy and light for
5000 up. terms.
New-York tribune., 1911-11-29
BELLE HARBOR

has all city Improvements; Catho-
lie and Episcopal churches, club
house and more than $50 handsome