The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-02-05

avenue block, about half way between
Thirty-fourth street and Forty-second
street.
If the negotiation is successful these
merchants will tear down the buildings
that are at present on the site-one of
which is newly erected-and build there
on a building for their retail business
which in size and splendor of architecture
viii not be surpassed by any other in
New York Until within two years
Twenty-third street, from the Flatiron
building to Sixth avenue, Broadway from
Twenty-third street to Eighteenth and
sixth avenue from TWenty-third street to
Eighteenth were the centerS Of the great
retail shopping trade of New York at
least so far as department or dry goods
stores are concerned But this character
has since then changed both swiftly and
greatly Below Twenty-third street the
retail shopping establishments will be SO
directed as to command the trade of the
artisans and those who have to be care
full about the expenditure of their in
come Great lofty buildings are to be
established in that vicinity. The retail
shops whose customers are not on1v peo-
pie of moderate means, but those of great
wealth, are already lining both sides of
Fifth avenue, and are occupying Thirty
fourth street between Herald square and
Fifth avenue. and are also beginning TO
press upon the side streets so greatly
that unless this pressure be relieved the
time is not far distant when the home
and great art gallery and library of J.
PierpOnt Morgan on Madison avenue will
trade.
Money in Plenty.
There seems to be no difficulty about
obtaining all the capital necessary for
these real estate improvements. Including
the New York Central improvements ana
those made by the Pennsylvania railroad
company. the aggregate investment since
1902 of money capital in improved real
property, much of which is for retail
shopping purposes. viii be found within
the next two or three years to have
amounted to as much as half a billion
dollars. Sometimes there is apprehension
that overbuilding is in progress in New
York city and that in this disposition
there turks a danger of decentralization: |
but when it is borne in mind that the
total receipts of the city of New York in
1911, including taxes and other revenues
and also the sale of New York city bonds,
was four hundred and sixty-four million
dollars. then there possibly may be some
understanding of the reasons which have
led to the investment of so much money
in improved real property. These i'm
provements are keeping pace with the |
financial growth of the city.
EncircIing World With a DirigibIe. |
At the recent annual meeting Of the |
Aero Club America in this city at which !
President Taft was present as a guest of /
honor, Melvin Naniman made this predic- |
ton in writing over his own signature:
within five years some man will |
travel around the wirld in a dirigible bal |
loon"
This opinion is shared by every member
of the Aero club and it is also the belief
of the organization that during the com
ing summer there will be, in this vicinity
and in Chicago, demonstrations of the
triumph of the drigible balloon and of its
ability to carry not only the motorman
or aeronaut, but passengers, exactly as
the German dirigible is now daily doing.
There are to be, however, in the coming
summer, considerable affiliations of the
hydraeroplane Robert Collier of this
city has ordered a hydraeroplane, with
intent to put it in daily service at his
summer camp upon the Racquet lake in
the Adirondacks. In the Adirondack re-
gion are many camps which are accesSi-
bic by automobile only by the most indf-
rect routes. With hydraeroplane 1t
would be possible to sail through or over
any one of the lakes and then mount into
the air to any desired height, and by this
means make the circuit OF the camps IN
the Adirondacks in a single afternoo
Almost all of the camps In the
are within a radius OF
fifty miles, but many of them are mac
camps excepting by long detours. Mr..
Collier expects by this means to sail eth
ar upon the water or through the air
with such facility and rapidity that he
loon the camps of the Nanderbilts or the
or OF Mr.. Earle of Ph1ladel-
ollia although he would not be able to do
his in that time by ordinary conveyance.
leaving one of the lakes, he can rise to
;uficient height to pass over Mount
Marcy, the loftiest of the Adirondack ,
-ange. and. then descending, to take to
water again and be at the camp of q |
friend returning to his own camp In
he same way. New Haven, Conn, mas |
organized a hydraeroplane club with IN
ent to utilize the machine on or over
long Island sound. rising or sailing as
ne whin of the weather deems 1t to be
3est and visiting Long Island 1t has al
-eady been made clear that the season OF
90 is to be one of the greatest aero | ,
lautical activity which, this country has
sver known. HOl1LAf>D.