Perth Amboy evening news., 1911-05-27
SETTLEMENT Is
MADE BY CITY
Accept S17,500 fer Taxes
on Old Annes & Lyle Prep
erty, Spa Spring.
]. E. sTRiGKER AGREES
Biz Concern Will Locate on
Tract Employ Large
Number of Men.
Adjustment was made last night

Adjustment was made last night
of taxes claimed by the city on the
old Annes & Lyle property in Spa
Spring, The Board Of Aldermen met
In adjourned session, considered the
subject and decided to make no
change from its original terms OF
settlement, which were to receive
$17,5O0 and cancel all Of the city,s
claim against the land. Joseph r.
Stricken, representing interests wish
ing to develop the property for man
ufacturing purposes, accepted the
terms and said the sum might be paid
over today. He stood willing to post
a deposit, but it was not needed. The
council adopted a resolution agree
ing to accept s17,500 in full settle
ment of taxes on the land, which
were declared to exceed $4,000 and
the authorizing the collector of rev.
enue to receive that amount and con-
ceel all claims from record.
Concerns Name Not Disclosed
Mr. Stricken in bringing the mat
ter before the council last night
read letter from McCarter & Eng
lish, stating a responsible firm wish
ed to locate on the property in ques-
tion as soon as adjustment was
made of the tax lien. That the mat
ter of taking title was held IN abey-
ance pending this adjustment. Mr..
Stricken gave his personal assurance
and that of Mr.. McCarter, that the
proposed new owners would erect a
large plant and employ large num-
Der of men. He declined, except in
case of absolute necessity, to disclose
the name of the contracting parties
for the reason that plans now under
way might be frustrated. Mr..
Stricken was desirous Of securing
better terms of settlement than the
council had at first agreed upon.
The board went into short recess
to consider the matter. Upon their
return a report of the committee on
taxation was rendered, to the effect
that the subject had been investiga-
ted that $17,500 was the amount de-
cided upon after deductions had been
made for personal property, some of
which had been destroyed by fire and
otherwise now claimed to be worth
less
Letter About Big Concern.
The letter from McCarter & Eng
hsh was as follows:
Newark, N. J., May 26th, 1911.
Joseph E. Stricken, Esq,
Counselor at Law,
Perth Amboy, N. J.
Dear Sir:
Referring to the adjustment of
the taxes now outstanding against
Spa Springs property, within the lin
It's of the City of Perth Amboy, we
beg to inform you that client whom
We represent Is contemplating ac-
curing the title to this property,
with view of establishing thereon
an extensive manufacturing plant
which will result In the employment
of large number of men. This
company Is a substantial one, with.
Its capital running into millions of
dollars, owning valuable properties
in various parts of the country, and
employing large numbers of men in
connection Herewith. The acquiring
of the title to this Spa Spring prop
erty largely depends on your secur-
ing a reduction of the taxes now
outstanding against it. We are able
to assure you, however, that II these
taxes are reaeonably adjusted, SO
that the company can obtain possess
sion of the property without incur
ring excessive expense in connection
Herewith, that they will proceed to
erect on this property a large man
ufacturing plant which will employ
large number of men, and we have
no doubt that their interests there
will be such that the taxes hereafter
will be promptly paid.
1t is quite important that the ad-
justment Of the taxes be settled def
nitely and at once, as the matters in
connection with the acquiring of the
title are being held in abeyance,
pending the adjustment OF this mat
ter.
Very truly yours,
M'CARTER & ENGLISH.
History OF Property.
In an effort to recover money loan
ed to the Powers Realty and Con-
struction Company by the Fidelity
Trust Company, of Newark, Chaun-
cey G. Parker, a special master, Of
fered for sale on April 20, at the
court house at New Brunswick, the
land in question. 1t was bought in
by Robert H. McCarter, of McCar-
ter & English, of Newark, for $780,
600. At that time 1t was stated there
were seven parcels of land and some
of them richly underlaid with clay.
j. Edward Addicks, the Delaware gas
magnate and politician, was the head
of corporations which for many
years owned the property. Addicks
acquired 1t about twenty years ago,
buying the old drain pipe factory of
Anness & Lyle, and converting 1t in
to plant valued, with adjoining