New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-01
HOPE TO SOLVE
NEGRO PROBLEM
Owners Rallying to Sup
port of Harlem'S Com
mittee of Thirty.
EXPECT INCREASE
OF REAL VALUES
Corporation To Be Formed to
Obtain Objects Sought as
Quickly as Possible.


The committee of thirty well known
property owners OF Harlem which was
formed not long ago to launch the Prop
erty owners Improvement Corporation
has already enlisted the hearty support
Of many of the biggest owners Of real
estate in the district Upon the success
of this undertaking depends the upbuild-
ing of Harlem into most attractive
home. hotel and retail trade section.
1t is the negro problem there which has
caused a stupendous shrinkasc Of real
estate values. and il is hoped that the So
luton Of that problem will result IN Dig
enhancement Of values and building
transformation that will be satisfactory
TO the old property owners OF the district
The committee Of thirty meets every
Tuesday at the Harlem Board OF COM
nnerce II is composed of Ransom u.
Wilcox, chairman and Frank 5. Bann,s-
ter, Louis f. Bernhols. Harry Berhon'
the Rev Robert Is. Clark, Harry -.
Cochrane Edward j. Bowling, Samuel j.
Downes. Thomas &. Edmonds. Charles II.
Fuller. John A. Goodwin, James NJ HOT
ton. Never Jarmulowsky. E. Won der
Horst Koch, Robert Levers, John II.
Ioos. the Rev. II. J. Mcmillan, Adeloert
s Nichols. Thomas OReilly, George
Schaefer John II. Sculy. Thomas +.
Scully, Frank ~ Shaw. William y.
Shelton. George W. Short. Dr. j. Gard
ucr Smith, Martin Ungrich, Samuel wal
oil nd L
Yelling.
The committee of thirty says: The OBJ
iect of the Property owners improve
ment CORPORATION is TO improve and ad-
vance the interests of property owners
and their tenants in general
'''The work Of the corporation VIII be
i'm the district bounded by ll0.h street on
the south and the Harlem River on the
north. Park avenue on the cast, ana
Morningside. St Nicholas and Bradhurst
avenues on the west. The capital will be
$4,000. to oe issued in shares of PAR
value of S. each. owners are expected To
take stock on the basis of one-halt OF
per cent on the assessed values OF their
real estate for 1914, as provided for IN
subscription agreement. 1t is also ex-
pectod that other business interests Will
lend assistance to this movement
THE management Of this corporation
will be in the hands of the stockholders,
who will elect their own directors, and
they will have full control of all funds.
The movement has the support OF many
owners. the real estate brokers and local
organizations, who will assist in every
way possible.
The proposed plan is as follows, VIZ.
TO arrange with the property owners TO
rent their properties TO white tenants.
This could be done section by section
thereby not causing an over-supply of va
can't apartments and houses at any one
time The united energetic efforts of al
will facilitate the procuring of new ten
ants. To assist owners who are unable
financially to do the necessary renovatinS
TO their properties on a proper business
basis, as follows, viz: Make a mortgage
loan for the purpose or take lease OF
the property. The corporation 10 lend It's
assistance in arranging new and the eX'
tension of old mortgages for owners who
will cooperate.
TO cooperate in organizing move
ment for the improvement of the social
conditions of the negroes with the FOL
lowing objects, viz: To create proper
environment in the vicinity OF 18th street
and I,enox avenue. for the purpose Of
making the section attractive. TO prevent
1awlessness and vice, stimulate the cor
struction Of modern buildings that VII
be best suited for their requirements. and
aid in promoting the welfare OF the ne
groes generally.
II is believed that by showing good faitl
in this matter the cooperation OF the
negro leaders will be obtained. Every
known difficulty has been considerd, and
WAYS and means OF surmounting such
have been provided.
This movement has received the en-
dorsernent of many OF the large instiru'
tons that make mortgage loans, who
believe that il is practical and feasible
and merits the support Of every owner
with the mortgage market in such condi-
ton that owners could not procure or con-
tlnue mortgages. IL would be disastrous
TO the interests OF any owner TO work
against the movement. The success OF
this plan will re-estaolish confidence In
Harlem real estate. cure the mortgage
situation and enhance values, thereby
beneftting every one.
"'rhe active cooperation OF owners
merchants. mortgage holders and Other
interests for mutual benefit will insure
success Up 10 this time You have snf'
fered by reason OF shrnkage In the value
Of your real estate, and further loss !:
staring you in the face unless definite
concerted action is taken at once. Youi
. support Is OF the utmost Importance u
NJ YOU. II you value your investment I'm
Il mediate action is imperative 1t will be &c
your interest TO sign agreement herewith
inclosed and return 90 Frank A. Shaw
chairman Of subscription committee