The record. [volume] (St. Maries, Idaho) 1913-1918, 1913-12-19

for which given value Is required /
IN" is the uncertain quantity which /
the mathematicians call a variant"
and "a" %" and sc" are the known |
quantities which can readily be ascer-
tanned by referring to the real estate
records on file I'm New York city
In a word. when the rich man solves |
1t he knows exactly how much a box |
at the opera costs to own outright in |
fee simple. he and his heirs and as
signs forever. if he has the value Of
IN"
The correct answer has only been
reached FIVE times in thirty years
Strangely enough. too. this right result
each time is never the same. Each
solution. where M has been properly
found before the lucky solver begins
on his problem. gives higher figures
than the one before
Today the correct answer is $4,000,
the price for which one Of the coveted
boxes was recently sold.
The symbol ''N' means, in a word.
the approval Of the board Of directors
Of the Metropolitan Opera. If you
can possibly get it and have the $780,
600 lying idle to boot then you can
become the proud possessor Of a box
at the opera-the one and greatest de-
sideratum Of those who would have
impeccable social prestige in New
York. which means everywhere. It
also means that boxes in the golden
horseshoe" are the costliest OF any
opera house In the world The right to
have your six places at every perform
ance Of the opera is a mere adjunct
to the ownership. 1t is the fact that
you. personally. own the box which is
the acme of the whole transaction. 1t
means that your social standing is Al,
dawless, unimpeachable, unassailable.
wholly perfectl
Now let us get right down to figures
and solve our problem Of the opera
box. We must assume, of course, that
we have an" figured down to a nicely
that is. we have the unqualified APP
prevail Of tie directors Of the opera.
the hardest quantity OF all to obtain.
Our known quantities are a matter
OF record and easy to obtain to the last
penny We find then, as follows: Our
"a" is the value of the building; our
3 "b" is the value Of the land; our 'c' is
the mortgage upon the property as a
whole. And the divisor. 30. is the
number Of boxes in the parterre at
the opera, of which there can be just
thirty-fve, no more and no less.
+ So. we can now substitute figures
for our algebraic symbols or letters
and work out the problem by simple
arithmetic. The building is figured at
81. 100000 and the land at S3.5OO0O0
Besides this, there IS an equity in a
: loft building where scenery Is stored,
which is figured at 100000. You have
just as much share in the dingy loft
as you have in your brilliant red and
gold box at the Metropolitan Opera
a House. SO the total real estate value
A is S4.60OOOO From this you must sub
tract the mortgage. which is $1,000 OOO
u Our result. then. is 100000. Now,
divide this by 80. We get S1O2. S57
Y That is the cost price Of a box at the
opera. The balance is the sellers
profit.
y Look to this fact-the remaining or
}. iginal box holders Of thirty years ago
have quadrupled their money. They
u Clipped in $4,000 apiece then. and
II now their individual holdings are S12O,
A 600 each and growing every season.
Death alone ever parts an owner from
his box, and then it stays in the fam
fly nine times out Of ten Why?
Simplest thing in the world-because
3 the box is sure Of a handsome income
every year. A man could live in style
from what his box at the opera would
bring him If he had to.
It Monday is the gala night Of the weeH
II at the opera. A choice bOx-and they
IA are all choice except that some are
choicer than the rest for ocular Of
n auditory purposes-can be rented ou
IL at a moments notice for $1,000 for JUS
8 the twenty-four Monday night perform
o ances. There are 100 nights and mat
B. tnees Of operative performances &
week for twenty three regular week.
and an extra week. SO ninety-six per
formances are still left after you have
- taken in your $1,000. Sell your Ticket
dirt cheap for these. say 500 for the sil
70 seatings. and you have $4,000 more. o.
$4,000 income in all. Throw or tn
5000 for commissions and you have
net income OF $4,000 from your tick
= cts, or $1,000 a month. - New Yorl
% World
common Weakness.
,e An Interesting light is thrown on the
I purely human side Of the late Edward
A VII OF England by a story told Of bis
= inability to resist the temptation to
= appropriate a particularly good anec-
dOte.
y Some one told a delightful story tc
D one Of his majesty's young nieces
o 'That is capital" she said. Il must
3 tell II to the king.
20 'No," she instantly added, 4 won't
IS for II you tell uncle a good story h'
10 forgets In a day or two that Il wal
v told to him and goes about repeating
& to every one as his own"