New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-31

Al 10 o'clock this morning the largest
single auction sale Of real estate ever
nroiected in this city COR this country az
Gar as can be Learn Nd) will be begun ~
tho old Morris Park racecourse ciuo-
house in The Bronx, continuing every
dav until the entire parcel OF sos iots Is
sold. ii.
The prop, rty lies on the southerly 500
Of The Bronx and Pelham Parkway Jus'
east Of Bron.. Park and the Geological
Garden. and IS anything but SUBURBAN
,rsct DEVELOPMENT from both directions
having approached right up TO its Dor
'ders.
Transit facilities are good. The Morris
park station OF the New York, West
chester < Boston Railroad is situated on
the propertv itself. The schedule Of this
line provides for q train every ten MN
utes. which enables passengers 10 rea'"
the East Side elevated roads "l'"i'
eleven minutes The lSOth street stHtioh
OF the subway is also easily acceslOle'
IN fact. the elevated and underground
lines bring tie section in close 'ou-h
with the heart Of the city. on the sout"-
ern end OF the property is located sta
tion OF the New York, New haven
Hartford Railroad, also COMMUNICATING
with the elevated lines Numerous tnouey
lines reach the district.
Improvement work on the old and FOR
merly popular racecourse has peen Cal
ried to an advanced point, and the Narl-
ous streets avenues, etc, all coihpa'
favorably with those Of any other hen
cless residential district. II is announced
that All the streets will be coded TO the
city. and II is practically certain that the
opening of the tract Will bring improve
ments not already made.
The development OF the city In nortiS
easterly direction has been retarded 10
large extent by the status quo OF this
property. II has lain idle since 1904 when
the racetrack closed, being involved IN
tho assets Of the defunct Carnegie Trust
C-npany and the Northern Bank OF Ne"
York Through the operation OF INC new
banking law that makes the BANKING De
partment Of the state lQuidators OF al
suspended state institutions. the state
OF New York Banking Department WIN
che approval OF both the State SupeTih-
teudent Of Banking and the New YORK
Supreme Court. is now TO put this proper
Is under the auctioneer's hammer
Back OF the ingenious advertising that
has heralded this sale. and OF the negoua-
lions which have made II possible is j.
Clarence Davies. one OF the largest ana
hest known OF New York realty operators.
He has figured the upbuilding or Inc
Bronx In a conspicuous way. handling
INN
velopments IN that borough. He has been
identified with the real estate Hello since
1850 conducting a big volume Of business
a. all times and being especially prom
tuent I'm connection with appraisals' etc
Mr. Davies Is q native New Yorker ne
was born in the metropolis on November
q 1857. the son OF David and Maria phil
Inns Davies AS boy he attended the
grammar schools and later the college, OF
the CITY OF New York. He Immediately
entered the real estate field. and has been
continuously engaged in that line ever
since He IS a former president OF the
New York state Real Estate Association
and the Association OF Bronx Real Estate
BROKERS. and has figured in numerous
movements having civic progress and
participated in the organization OF the
North Side Board OF Trade, and is for-
ner chairman OF the real estate commit
tee and for many terms on the executive
committee OF that body.
He is IN the directorate Of various banks
and large corporations. Among these arc
the Twenty-third Ward Bank. Lawyers
Westchester Title and Mortgage Com
pany. etc. He IS trustee Of the North SIDE
savings Bank and was long the treasurer
OF the Real Estate Board Of Brokers
Associated with Mr. Davies in this un-
dertaling is Joseph =. Day the real es-
tate auctioneer. who has probably dis
posed OF more property AT public sale
than any other one man. He has lent
valuable assistance and yeoman service IN
carrying the enterprise 10 its present
highly suspicious outlook.
In speaking of the sale yesterday, MT.
Davies AID Mr.. Day both voiced the opin-
ion that - dispose Of so many lots within
few DAYS at time which they termed
the end of the dullest spring season the
real estate market has known IN years