The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1914-01-29

chiefest problem expressed algebraic
ally. *" is the unknown quantity
for which given value Is required
M is the uncertain quantity which
the mathematicians call variant.
and "a" "b'' and &c" are the known
quantities which can readily be ascer
tained by referring to the real estate
records on file in New York city.
In a word. when the rich man solves
1t he knows exactly how much box
! at the opera costs to own outright In
fee simple. he and his heirs and as
signs forever If be has the value of
.'N"
/ 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 IN has been properly
found before the lucky solver begins
on his problem. gives higher figures
than the one before
Today the correct answer IS s120.O 900.
the price for which one Of the coveted
boxes was recently sold
The symbol IN" means. In a word.
the approval OF the board of directors
of the Metropolitan Onera. 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 1t
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.
fiawIess. unimpeachable. unassailable.
wholly perfect,
Now let us get right down TO figures
and solve our problem of the opera
box. We must assume. of course. that
we have "N" figured down TO nicely
that Is. we have the unqualified APP
prevail of the directors of the opera.
the hardest quantity Of all to obtain.
Our known quantities are 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
''b" is the value of the land: our &C. is
the mortgage upon the property as a
whole. And the divisor. 80. Is the
number of boxes in the parterre at
the opera. of which there can be just
thirty-five. no more and no less
So. we can now substitute figures
for our algebraic symbols or letters
and work out the problem by simple |
The building is figured at |
81 100000 and the land at S3.5000OO. |
Besides this there is an equity in |
loft building where scenery Is stored. |
which Is figured at 100000. You have I
just as much a share in the dingy loft /
as you have in your brilliant red and /
gold box at the Metropolitan Opera
House So the total real estate value
is S46OO.0OO. From this you must sub
tract the mortgage. which IS $1,000 600
Our result. then. is S3.600.0o0. Now.
divide this by 81. We get S102.S5T.
That is the cost price of box at the
opera. The balance is the sellers
profit
Look TO this fact-the remaining or
ginal box holders of thirty years ago
clipped in $4,000 apiece then. and
now their individual holdings are $780,
400 each and growing every season.
Death alone ever parts an owner from
his box. and then 1t stays in the fam
ly nine times out Of ten Why?
Simplest thing in the world-because
he box is sure of handsome income
rom what his box at the opera would
BRING him II he had TO.
Monday Is the gala night of the week
It the opera. A choice box-and they
ire all choice except that some are
hoicer than the rest for ocular or
auditory purposes-can be rented out
L Il moments notice for 5000 for just
he twenty -four Monday night perform,
noes There are 100 nights and mat
nees OF operative performances a ;
week for twenty three regular weeks
nd an extra week So ninety-six per '
ormances are still left after you have I
aiken IN your $1,000. Sell your tickets /
irt cheap for these say 500 for the six |
cuttings. and you have $4,000 more. or c
1880 income in all. Throw on the 9
COO for commissions and you have /
et Income OF $4,000 from your tick I
ts. Of $1,000 a month. = New York a
World Z