El Paso herald. (El Paso, Tex.) 1901-1931, 1913-06-07

elEoLlLlE TO al LufESLlEaL-DA. which
has just been completed here.
Never in history and nowhere in the
world has a square foot OF land been
worth as much as II IS today IN the
nsart Of the financial district Search
or the leading foreign cities OF the
world shows that outside of New YORK.
the highest value placed on parcel
Of real estate large enough TO hold q
fuu sized building is about $3.50 q
square foot New York has q dozen
or more plots which even in such a
DUH market as is the present one
would command that figure and more
In fact, q sale was made not many
months ago in which the property
figured at just a few cents more than
5000 q square foot. The corner Of
Broadway and Wall street brought
S556-65 a square foot when IL was sold
In the big cities of the old world the
highest values seems to belong 10 2
property in Rome Here is where Q
value of $3.50 is to be found, and
strange TO relate the plot is not used
for an immense income producing
building, but includes the property Of
the German embassy, which holds the
Embassy building and its expensive
gardens Berlin has a property which
sold recently for $50 a square loot
and thereby esta blished a new high
value for real estate in that city. In
Paris the most valuable land is placed
at $3.50 a square foot Altogether Wall
in no danger of losing their title to
being the highest in the world.
Parades Prove Expensive.
That New York street parades are
extremely expensive luZuries is q fact
which is being emphasized now that
the opening Of the parade season is At
hand. AS an example Of what II costs
the city to exhibit TO the public its
employees is cited the recent parade
in which presentation Of various
departments took part. Occupying half
a day il has been carefully figured
out that this parade cost the taxpayers
This parade. made up chiefly OF
members Of the police, fire and street
cleaning department, TO the number
of 11,S49 was about six and One-hal1
miles long, so that its cost was just
about $4,000 mile The half days
wages OF men in line account for S24,-
654-T5- The cost OF the Heats and
Of banners that described clear
ly the particular work Of the de-
partments,' as the official announce
menr phrased II, was approximately
$4,000. Making allowance for the
time that mayor GaynOr and various
other city officials spent in the re-
viewing stand before the public IL
brary. the whole cost Of the afternoon
comes close TO $4,000. But the show
was apparently regarded as being
worth the money affording to any
one who watched 1T from beginning to
end an understanding OF the city IS
machinery that he could get In no
other way Altogether there were 53o
vehicles in the parade and the floats
among them were the last word IN
that kind Of advertisement As this
is only one Of the many parades 10
travel Fifth avenue between spring
and fail, IL is cOnserVauVely estl-
mated that the cost Of all of them,
municipal and otherwise, is close TO
Sl0O0.o00 a year.
Old st. Johns Is Doomed.
One Of New YOrk's Oldest church
buildings, famous in the history OF
the city, is apparently doomed Oh
st. Johns, one Of the buildings Of the
great Trinity corporation, built los
years ago. il is now announced must
shortly give way TO make room FOR
subway extensions and street widen
lnEs. With IL VIII go one more Of the
rapidly vanishing land marks famous
when what is now the center Of the
city was looked upon as being out In
the country.
When this famous chapel was erect
ed In 1907 1t cost the enormous sum
for those days OF S1,772S33 and Occu-
pied a part Of the vast acreage known
as Kings Farm on the lower west
side Of the island, which was granted
10 Trinity some 206 years ago by
queen Anne This great grant with
nearly a mile Of frontage on the Huo-
son, now worth hundreds of millions
Of dollars. was then looked upon As
being practically FalueleSS- q waste
tract which hunters used in spring and
fall and skaters in the winter
For more than 100 years the doomed
St Johns has held its own in this city
Of change once fine homes were
grouped about it and fashionable folk
passed beneath its stately pOrticO, but
that was long ago Once its doors
looked forth upon Jealousy guarded
green park that was the pride or the
chapel. but there came q day when the
park gave way TO an ugly freight de
pot. Gone with the park are the fine
homes and today the splendid splre OF
ST Johns rises amid warehouses and
tenements. One ancient rite Of S.
Johns has remained unchanged In all
the recent departures From THAI
chapel Of Trinity is continued the
Ileake Dole Of Bread. This quaint in
stfturiOn was provided for In the VIII
Of John Leake, who made beQuesr
arranging for the gift every Saturday
morning Of 81 lOaves Of bread ia. the
pOOr folk Of the parish
Exhibition Of Art Fakes.
With the announcement that the
great Morgan art collection is TO be
on exhibition here next year comes an
ether In some ways even more start Z
ling to the artistic world, proposing
for this city a permanent exhibition
Of art fakes. The purpose OF such an
exhibition viii be purely educational. I
for the protection Of American buyers I
Of works Of art against the clever /
fOrgeries and limitations Of old masters I
which are purchased here In great :
quantities and sold 10 the confident I
collectors who cannot understand that I
such paintings are so faithfully copied .
and counterfeited that they can be de- I
ceiVed-
As q matter Of fact the expenditures /
of Americans on such Counterfeits are I
estimated TO run far Into the millions I
every year. and to keep on a prosper l
Gus footing abroad an industry OF the 4
most questionable character.
Killing Park Squirrels.
That Central park, IN addition 10 its |
other attractions, provides a profit 4
able il illict hunting ground for GER. I
tain of the city's residents, has been I
brought TO light here by the rapid I.
decrease in the number of squirrels 4
which for many years have inhabited /
The park
Investigation looking to the cause Z
Of the decrease in the squirrel poDulG- ]
ton has revealed the fact that certain /
persons have been making a regular /
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