New-York tribune., 1912-01-16
MADISON SQUARE
GARDEN TO STAY
Official Announcement Made
That "Guaranteed RentaI'
Has Been Accepted.
WILL AMOUNT TO s275,OOO
Many Associations and a Circus
Combine to Keep Big Show
Place from Being Raced
Part to Come Down.

Diana. whose beautiful figure has won
,the admiration Of many hundred thou
sand persons, will continue To occupy d
lofty pinnacle overlooking Madison
Square Park for many years more. But
she will he little further east vf the
park.
This fact became Known yesterda y
when it was officially reported that SOME
! Of the largest and most popular associa
( tions which have held each year a show
under the roof where Diana draws her
bow had together with Ringing Broth
ers' Circus virtually guaranteed to pay
annually big sum for easing the Gar
den for their purposes. II will he suffi
cient 10 maintain 1t in first class order
and To assure good return TO the own
ing company on fits Investment.
II was said last night that this guar
antee would he about <2T3.OO each year
and there would he enough open dates to
make IT almost a certainty that the total
rent roll of this famous landmark would
be considerably more than S4UO.OOO.
Moreover the guarantee is 10 be on
era duated scale each year the increase
being in proportion 10 the larger tax and
other charges. Among the associations
which devised this plan OF preserving
Madison Square Garden for many years
are the horse, automobile, poultry, &C.
m.ut. SPORTSMAN, and many other well
known prd powerful organizations. which
would have been seriously Handicapped
In their efforts 20 amuse and instruct the
public v the Garden were razed
q. Louis Boisscvain. president or the
company which owns the building went
10 Europe some weeks ago In the hope OF
getting financial assistance TO carry OUT
the original plans OF his corporation 10
put up on the Madison avenue block the
record breaking loft structures. He rs
due to arrive in this city tomorrow. lie
Is expected 20 accept the proposition OF
guaranteed rental and this ne can
Immediately do. as the leases for space
IN the propos,d lofts would be binding
only " the +. & d. Company decided 10
put In effect its original plans,
Peirels. Buhler e. Co. and l.. F. Dom
mericn e. CO. two firms which were re-
Gently said TO have agreed 10 take large
space in the proposed buildings. VIII
have homes in structures TO be erected
OF. Fourth avenue near the Garden. The
details OF the buildings OF which they
will be Icssees we're made public yester-
day. Several other big mercantile
houses which were also to he tenants OF
the lofts to replace the Garden decided
about a month ago upon other modern
quarters for their exclusive use. They
apparently heard OF the idea to put the
Garden in the guaranteed rental class
~ buildings. and feeling positive that 1t
would end the project TO tear down the
Garden took time by the forelock and
chose other sites for their homes.
The f.. & D. Company was Incorporated
last June with a capital OF 100000, with
Mr. Boissevaln us president, George G.
Comstock, vce-presdent, Leslie Il.
Palmer secretary, and 4. Ball jr. di-
rector Il Is composed Of large num-
her Of bankers and several real cstat lie
men.
Leslie r. Palmer appeared To be conf
dent last night that there was no further
need for the public to worry about the
Gardens being torn down. He added
that the guaranteed rental proposition
was already responsible for holding IN
abeyance the original plans TO build.