Arizona republican., 1913-11-15
STRAY TOPICS FROM LITTLE
 OLD NEW YORK

NEW YORK, Nov. 1c. - Real estate in New York City comes high, but it must be worth the price; if it were not there would be little de- mand for it. The value of real estate in the business section, of lower Man haitian are the wonder of the country and the envy of real estate owners in other cities; but the high prices are not confined to real estate hold ings in lower Manhattan. The other day the twelve-story apartment building on the northeast corner of Fifth Avenue and Eighty first street was purchased by Arthur Curtiss James for about s3,5OO,OOO The building was complied only two years ago and a that time attracted wide attention because of the luXuriousness 1 of its appointments and the high pric- es demanded for it's magnificent suites The prices ranged from s12, 900 to $25,- 900 year.
 The building was designed by Mo Minn, Mead & White and was erected by the Century Holding company Every modern improvement as well as luxury was provided Each apartment has from six to nine servants rooms, and the refrigerating plant is so ar
 
 room in each department. Among the tenants are Senator Elihu Root, who has duplex suite of more than 20 rooms; Murray Guggenheim, who has the largest apartment in the build ing, practically two entire floors. for which he pays more than s25,0OO a year; ex-Governor Levi P. Morton. Mrs Elliot F. Shepard, Robert E. Tod, Henry atZ Henry Rogers Winthrop, Alfred M. Coats. Lloyd Aspinwall, and George R. Fearing
 A novel method of saving taxes as well as the expense of maintaining a building which no longer pays for op-, erating expenses has been devised by the Standard oil company which is an expert in money saving as well as in money-making methods. The company has decided to tear down the Tower building at No 50 Broadway The name Tower Building Is today a misnomer. but when erected 24 years ago, it was the tallest building in lower New York and il was the first structure ever put up of the skeleton steel type. Several years ago a tablet commemorating this fact was placed in the corridor of the building.
 In addition to the Tower Building. which runs through the block to New street, the two smaller buildings ad- joining, also owned by the Standard Oil company, will be torn down. There are no tenants in the latter buildings and the few tenants in the Tower Build- ing have been notified to vacate their quarters by December l. The demoli- tion will begin soon after that date. The Standard oil company does not in tend to build on the plot. but will place them in the market. The height of the Tower Building, which was the first sky scraper in Manhattan, was 129 feet a rather insignificant height compared with the 750 feet of the Woolworth building which now holds the record for height
 The John Street Methodist Episcopal church celebrated it's 147th anniversary the other day and in honor of the event the old church was visited by large crowds of businessmen and others from the financial district on the edge of which the old structure is located. When the church was built it was on the outskirts of the residence district, and surrounded by farms and country estates. Today it occupies a forlOrn