The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-11

stood by him. They organised the West
Side Trust Company. a company OF
small capital, which at the time at
tracted little attention. But IL was the
little organization that was to bring
back Beacon Hin TO it's former position.
az the living place OF some of the best
people In Boston.
TIL company bought up houses on the
Hill and restricted them to dwelling pur-
poses. Their first purchase was a cor
ner, only a block from their base. The
house was remodelled, the good points
retained and others restored. Much at
tention was given to the exterior of the
building. When finished II was placed
OIL the market for rent. The response
was remarkable. The house was rented
soon after 1t was finished. and at rates
that brought a remarkable income. when
the cost OF the alteration was considered.
The increased return and the improved
appearance of the house excited interest
OF other owners in the block.
In a short time this block had been
reclaimed. Encouraged In this way the
company bought a corner In another d.
r%ection, and the same method was tried.
with the same gratifying result Then
Goldman & Street pushed their reclaim
Ing outposts further into the stun zone.
and the influence created worked back
toward the section reclaimed. After ten
years OF this Beacon Hill. except a small
piece near the boundary between the
original Stun district. has been re-
claimed. Beacon Hill of to-day Is even
superior. II Is said, to the Beacon Hill
OF q quarter OF a century ago. II IL
better In that values there are much
higher than they ever were and rentals
have kept pace with face values. The
old time quaintness of the section has
been restored.
kItaral h.,.x. -.lI.H - -. -
New York for $500 a year bring 5000
in Boston according to Walter Benedict,
who is trying TO bring about the same
results In Greenwich Village that were
accomplished in Beacon Hill. which Is
similar in many ways to the former
Yankee ward Of New York city. But tho
Yankee ward as such Is nearly extinct.
There Is only a small section of 1t which
still reflects in a measure the simple
beauty and refinement of this old terri
tory. This section. Is In the east end of
the village. roughly south OF Fourteenth
street TO Washington street and west
from Fifth avenue to Hudson Park and
Greenwich avenue.
The motley crowd OF foreigners who
have swamped the blocks around this
rough triangle have not yet entered this
area. They have crowded the line here
and there, but not in numbers sufficient
TO notice.
The Yankees hav gone up town. to
New Jersey. Brooklyn. Westchester and
other places. The fine old types OF former
residents now are TO he found elsewhere.
They will tell YOU that there was never
a place like old Greenwich Village and
that they would return to IL II old condi-
tons could be restored. Mr.. Benedict is
going TO restore the old district in about
the same manner that Cadman a. Sweet
restored Beacon Hill.
Outposts are to he established. Bene-
dict has had scouts through the district
mapping 1t and plotting the strategical
positions for outpost stations. The work
is to he launched in earnest as soon as
Mr.. Benedict returns from u summer
trip, \ company Is to he organized in
which several men of means will be in
terested. The company will buy houses
through the triangular area mentioned
above and will employ good architects to
alter them. Thu alterations will be gov
erned by the history and past reputation
OF Greenwich Village, which even to-day
Is the quaintest section of the city.
Enwrapped "a II IL with its crooked
streets, commercial developers have
passed over. leaving a lot OF old time
buildings standing even though their for
mer beauty has been marred by foreign
invasion. The architects will follow the
Colonial style and white doors, silver
Knockers. flower boxes and the like. The
alteration will not be very costly in any
case. vet will he attractive. With one or
two done over houses in n block other
owners will take notice and do some
thing similar out OF pride and from
economic reasons.
A number of Greenwich houses have
already been altered and the increases
In rents that have been paid are expected
TO bring owners in the village to see the
possibilities Of keeping their property
In good condition and out of the hands
of foreigners, The house Mt i3 West
Ninth street up to last year rented for
S2'2o" "A year, a fairly good rental. II
was sold in October and the new owner.
probably at the urging Of friends, altered
II at a cost OF a few thousand dollar re-