New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-28
HAS ASSETS WORTH
ABOUT $l,OOO,OOO
Mutual Realty Corpora
ton One of Largest
N. J. Developers.
WILBUR F. BROWER
HEAD OF COMPANY
Owns Property at Gillette, West
Summit, East Orange
and Newark.

The Mutual Realty Corporation, one
Of the largest owners and developers
Of New Jersey real estate, has moved
its headquarters from the Essex Build
ing, Newark, n. j., TO the seventh floor
OF the Wilson Building, at Broadway
and 33d st. This company has extern
siye holdings at Gillette, Lackawanna
Park, West Summit, East Orange and
Newark, y. j. It's assets amount 10
nearly a million dollars.
The president of the concern is VIII
bur F. Brewer, formerly New York
representative of the international
Shirt Company. The treasurer is
George G.. Teller, president Of the
Crawford, N. j., Board Of Trade, for
merly general manager sf the Nichols
Copper Company, of this city. Among
the directors of the company are
Joseph Atkinson, editor-in-chief of the
Prudential Insurance Company, New
ark, N. j.; n. p. Wedin, Sheriff Of
Hudson County; J. B. r. Smith, for
mer Secretary of State of New Jersey;
J. B. Reilly, president of the La Sale
Realty Company, Newark, n. j.; George
Baright, advertising manager Of the
Prudential Insurance Company, New
ark, n. j.; Charles Jones, of Jones &
Gleason. Newark, n. j., and George
Nreeland, former Mayor of Summit,
n. J.
Among other stockholders in the
company are A. V. Hamburg, presi-
dent Of the Newark Board of Trade;
Samuel Waldron, president of Z. NJ.
Waldron G. Co., Newark, y. j.; Charles
Bradley, vice-presdent Of the Bsllan-
tine Brewing Company, Newark, y.
Tkav,,gg TnnLe zihanf Of fhn
Columbia Pearl Button Works, New
ark. n. j.; +. B. Rubsamen, president
Of the Cedar Cliffs Silk Company, New
New York City, and Joseph J. Smith,
Of Newark, \. j.
The company's principal reason FOR
making this change of Offices is to Sc
cure larger field for its rapidly grow
ing operations. The Mutual Realty
Corporation plans the selling of high
grade properties on q lust like rent"
basis, with no initial payment.
Lackawanna Park, West Summit, y.
j.. is one of the most attractive real
estate developments in the vicinity OF
Summit. In FIVE years it has grown
from a field of daisies and weeds TO a
settlement of fifty families. Nearly a
quarter of a million dollars has been
spent during this time in Lackawanna
Park and vicinity in the construction
of homes. These homes range in value
from $4,000 to $4,000.
A year and q half ago the Mutual
Realty Corporation started another de-
velopment five miles beyond West
Summit, at Gillette, n. j., tract con-
tanning nearly 300 acres, with Lacka-
wanna Railroad station on the prop
erty and mile frontage on the beau
tiful upper Passaic River. Gillette
was then a flag station. Twenty-Five
trains a day stop there now and it can
be reached from New York in an hour.
The Mutual Realty Corporation has
built miles OF streets and installed a
10, 600 allon-a-day water plant, with
a gigantic tank and pipe lines. This
water plant is said to be the largest
private water supply in the State OF
New Jersey. More than $4,000 has
been expended on land Improvements;
Most of the buyers are business and
professional people of this city.