New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-24
BANKERS VIEW
LOTS in BRONX
Their Interest Attracted in
Former PearSall Estate
Tract.
WILL BE SOLD AT
AUCTION SATURDAY
Holdings Comprise 400 Parcels
Fronting on Pelham Parkway
and WilliamSbridge Road.

Thursday of last week was bankers
6ev In The Bronx. Representatives Ok
hanks trust, life insurance and title com
nanies as also other institutions mat
either loan or might become interested IN
leaning money In The Bronx. made the
trim under the auspices OF the North Side
Board OF Trade.
When the touring capitalists and repre-
sentatives of realty capital reached the
Pelham Parkway and Williamsbriose
Road. their interest was attracted most
strongly by the appearance OF a huge
sign that announced the unreserved saie
on Memorial Day, Saturday, May 30, al
auction Of the 400 lots contained In the
one time Pearsall estate tract with
frontage Of about 1000 feet on the south
side of the Parkway and Of about 100 feet
In the east side OF Williamsbridge Road
through J. Clarence Davies and Joseph
p. Day, agents and auctioneers.
Directly opposite the lots in Pelham
Parkway the bankers were shown one OF
the express stations in the line OF the
New York, Westminster & Boston Rail-
road as we'll as the exclusive holdings OF
the Aston, Gould, Stern and Spencer fam
lilies, adjoining and extending far to the
east in the north side Of the parkway.
The fact that these lots must, each and
every one. be sold on Memorial Day to
meet the capital demands OF the heirs OF
the members OF the original group OF M
teen buyers In 1906, ten of whom have
died, is attracting widespread attention.
Inquiries led TO explanation that the ex-
press train service from the Pelham
Parkway station of the New York, West
chester & Boston Railway was operated
under a ten-minute Roadway. at cent
fare. and that the time Of travel was
thirty-one minutes to l2d st. or forty-five
minutes 10 City Hail.
Also that the New York. westchester &
Boston Railway and the New York, New
Haven g. Hartford Railroad will connect
with the New York Connecting Railroad,
which will constitute a direct connection
by way OF the connecting bridge with
Astoria, Long Island City and practically
every residential and industrial centre In
Queens. The Morris Park av. trolley car.
connecting with the subway, the Second
and Third av. elevated roads, runs to VIII
liamsbridge Road, TO a point about sVo
leet distant lIOIl the Il edi san boNNi W
cupying eight minutes 10 make the run
to the subway station at nth st. The
Parkway station of the White Plains av.
extension of the present subway will be
a trife more than one-half mile, or seven
minutes walk, west Of the property.
II is expected that this extension will
be completed within q year, which will
provide rapid transit rank ct scent
fare, that will penetrate all parts Of the
city.
The property is also accessible in seven
minutes walk TO White Plains Road, in
which IS operated trolley line TO the
Parkway. This route also makes the
time of travel to the Nth st. station of
the subway about seven or eight min
utes. From the Westchester Square sta
ton of the New York, New Haven &
Hartford Raj. Dad, just south OF the prop
erty, the run to the Harlem River sta
ton. there connecting with the Second
and Third av. elevated roads, is fourteen
minutes
All these routes, with their connections,
will give the property TO be sold direct
access to all the principal business and
amusement centres OF the city at Ave
cent rate Of fare, when the subway is
completed.