davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
LOAN CHANNELS
HINDER PROGRESS
Little Aid for the Bay
Ridge Apartment
Builders.

Philip J. Reilly, we'll known resi-
dent of the Bay Ridge section, says that
building expansion in Bay Ridge has
been retarded by the attitude of many
big lending concerns, which continue 70
show a marked preference for one and
two family houses in the region, ana
have given little encouragement to
those who are erecting or seeking TO
put up large apartment houses.
1.-THE few large apartment houses
that have been built in Bay Ridge have
been a success" says Mr.. Reilly, "and
that fact and the unmistakable need OF
the area for many more similar houses
ought to convince the money lenders
that the day has come for erecting on
a big scale many apartment houses
here.
"The st. James and the Royal apart
ment houses, erected by Steiner Broth
ers, who are numbered among the most
progressive and largest builders in the
district, are the type of houses that
find ready tenants in this part of Brook
Ign. Those houses are in 68th st. be-
tween Third and Fourth avs, and con-
tain sixteen families each. They were
erected about two years ago. The
suites rent month at from 81 up for
each room. Another high class house
built about two years ago is the st.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
100000 9Th AV. RENTAL
A. G. Spalding & Co. Lease
Six Story Building.

The sporting goods firm Of A. G.
Spalding d Co., which upon being un-
housed from its 42d 81. stand in 1912
10 make room for the new store of
Stern Brothers. and established on
Fifth av., being the first concern OF
its kind to locate there, has made ar
rangements TO move 70 a more perma-
nent location.
Through Clark T. Chambers the firm
has leased for a period of twenty-one
wears from Esther Reinheimer, repre-
scented by William K. Ross, as attorney,
the six story building at 523 Fifth av.,
which. with the Temple Emanuel and
the Hartman National Bank, occupies
the block front between 43d and 44th
SITS.
The lease calls for a rental during
the term spproximating 100000, and
the lessee has arranged to make extern
sive alterations, including a new front,
upon taking possession on February !,
1916. The building, which is now prin-
cipally occupied by the Hayden Com
pany. furniture makers, and six other
tenants. was built about ten years ago
by Boehm & Coon, and sold upon COM
pletion to the present owners.
The property at 500 Fifth av. was
leased in March. 1912. by the Spald-
ing firm for the uneXpired term Of
Henri Bendel, for whom Michael
Dreicer built a seven story structure in
57th ST.. Just west of Fifth av. Bendel
was paying $4,000 per annum for $40
when Spalding took his lease over at a
rental Of $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
SITUATED IN AN
HISTORIC PLACE
Modern Apartments Now
Occupy Famous Kings
land Mansion Site.

Among the locations that figured con-
spicuously in the Revolutionary days
none probably is more interesting than
the site now occupied by the Loyal
apartments, at Riverside Drive and
l6lst ST., and the Romano, at River
side Drive and l60th ST. II was near
this spot that the gallant Colonel
Knowlton, of the Continental Army, fel
in that memorable retreat of the Ameri-
can forces following the battle OF Har-
lem Heights.
Early in the nineteenth century, Am
brose Kingsland, then Mayor OF the
city, selected this commanding knoll
overlooking the Hudson River and the
frowning Palisades as a place for his
country home. This mansion, which
was one of the city's landmarks and
show places for over one hundred years
had to at last give way for the erection
of these large apartments. These build
ings represent the last word of struct-
ures of their kind. The Loyal contains
suites of from four to seven rooms and
bath, with two baths in all six and
seven room apartments. There are two
entrances, one on the Drive and the
other on 6lst st. The building is
equipped with two elevators.
The Romano contains from four to
eight rooms; there are two baths in all
six, seven and eight room apartments.
Like the Loyal, the inclosed floor plan
shows evidences that all rooms are both
symmetrical and spacious, arranged ad-
vantageously and provided with ample
number of closets. II has also two en-
frances, one on Goth st. and the other on
the Drive, and two elevators.
The houses are in a location easy and
quickly reached from all sections of the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
HEARING
EXITS IN STREETS
William Street Plan To Be
Discussed on Next
Wednesday.

Through the efforts of Borough
President Marks a public hearing on
the matter of sidewalk entrances and
exits has been arranged with the Pub
lie Service Commission at II o'clock
Wednesday. June %, at the hearing
room of the commission, Room 80,
Tribune Building.
Borough President Marks is opposed
to the placing of entrances and exits
on William and Nassau streets. This
matter was also taken up some time
ago by the Real Estate Board with the
Public Service Commission and the
boards position placed before the com
mission. Maurice Deutsch, a subway
engineer with many clients, will pre-
sent eight different plans for over
coming the difficulty.
The William ST. subway, now in
course of construction, is one OF the
most important routes. It will be the
most easterly Of the four downtown
lines, present and proposed, and will
serve a large area east OF William 81.
The subway plans show proposed en-
frances and exits six feet SIX inches
on these crowded sidewalks, which are
only nine TO ten feet in width. On
account OF the HdilbN tNAo' NbiANN
of ground, etc, only two stations Will
be placed on this route, one at Wall ST.
and one at Fulton st. AT Fulton st.
station entrances and exits will be on
the easterly side of the street only.
From 5000 70 1000 persons pass on
these n..rrow sidewalks in given hour
morning and night.
The Real Estate Board has placed IT.
self on record. through its committee
on railroads and transportation, against
the proposed plan. 1t believes that the
necessary easements should be con
demned for this purpose. In Boston
subway entrances are put on private
property where similar conditions eX-
list. The organization is also urging
that its members and property owners
on and about William and Nassau SITS,
write to the Public Service Commission
and attend the public hearing on
Wednesday. so that the commission may
be thoroughly convinced of the public
feeling against the proposed plan for
obstructing the sidewalks on these
streets
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
Ianv Bio Opportunities for Buyers in the East Brom
$4,000 Perth Amboy Sale

ported plans is the construction OF
9 union station for all of the railroads
entering the city. The location OF TINS
station, which has not been announced
hut which probably will be in the yicin-
ity Of New Brunswick av. and Wash
ington ST., il it is built, will no doubt
tend 70 increase realty values in it's
oighborhood is, along the thor
oughfares mentioned above ana prop
ably on State St, which is now second
only to Smith st. as business thor
oughfare.
And, by the way, property on state
st. will bear watching right now. IL
is street of steady progress, when
recently has been augmented by the
formation Of an improvement associa,,
tion composed Of property owners and
merchants who are taking steps to
boom their thoroughfare rapidly A
new white way is among the improve
ments contemplated, and others are
sure TO follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
Modern Hotel Will Prob
ably Be Erected on
the Site.
By HUGH LYNCH.
Secretary Perth Amboy Board Of Trade.

One Of the biggest realty deals in
the history of the city was recently
made in Perth Amboy, y. j., when inc
blot at the southwest corner of Smith
Il. and Madison av. was sold for APP
oroyjuatclv $4,000. The tract ls
somewhat more than 100 feet square.
and was bought by Emanuel Levy oil
New York. II is reported that eventu-
ally modern hotel. with stores on the
ground floor. will be erected on the
plot IT,.
The price paid for this ground gives
y fair idea Of the value Of property on
Perth Amboy's principal street There
g. little over 100 feet frontage on
Smith st.. and the corner OF Madison
~. is Judged by many TO be the second
nest corner in the city. As TINS prop
ertv brought nearly $500 front FOOT
estimates Of 81 900 a front foot that
have been made on property nearer
the corner of Smith and State SITS, the
princinal street intersection in the city,
seen, to be not far out OF the way.
The announcement that the city may
soon have modern hotel has been
received with much enthusiasm, as a
first class hosiery is much needed. Al
the present time the site just purchased
is an ideal one for a hotel and 1t prob
ably will be for some years to come
Il Is about three minutes walk from
the Union Station of the Pennsylvania
Jersey Central and Long Branch rail
roads and only about ten minutes from
the Lehigh Valley station, the local
Train PENNSYLVANIA station and the
Staten Island ferry. Estimates that
have been received on previous occa-
sious bv the Board of Trade on the
cost Of a hotel on the proposed loca-
ton approximate S150,000, so that II
the hosiery is built along the lines
contemplated the ground and building
probably will comprise the most val
urble property in the city and one that
will have a fine chance TO increase IN
value.
Another factor of recent interest in
Tho DEVELOPMENT of Perth Amboy is the
hearings that have been held by the
state Board Of Public Utilities Com
nissiorers in connection with the re-
moval of grade crossings along the
lines of the Pennsylvania and Jersey
Central railroads. The result OF these
hearings has been renewed hope that
there will be some definite action
toward the separation of the grades
in the not too distant future. This
Improvement, while it may have det-
rinsental effect on some small sections
Of the city. cannot help to be OF great
benefit to the community as whole.
Inst what effect the whole scheme will
have on realty values is problematical
because all of the plans of engineers of
the city and the railroads have not been
made public. However, it IS practically
certain that grade crossing removal
will omen I'D some new business ant
residential sections. Among the re-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
Some Uptown Operations.

OLINVILLE AV. Alphonse Dom
court, as guardian of Walter Don
court, sold the lot 25x100 on the west
side of Olinville av., 75 feet south of
Magenta ST., to Serima Mascia for
$500.
UNIVERSITY AV.-0Reilly & Dahn
have sold for client 2210 University
avenue, a one family dwelling, on plot
42xlOO. The purchaser gave in part
payment 46S West 18th ST., frame
dwelling, on lot 25x99.1l. Edward o.
A. Gokner is the owner of record OF
the latter parcel.
WEEKS AV.-The Sherman Com
pany, represented by Weschler & Kohn,
attorneys, has. sold to Adelstein & ~
rutine the plot, s4x95, at the south
west corner of Weeks av. and l73d st.
A. H. Levy was the broker. The buy
ers will improve the site with 0
story apartment house similar to the
structure at Garrison and Hunts Point
avs, recently built by them. 1t will
contain accommodation for seven fam
lilies on each floor, arranged with three.
four and five room suites. As part OF
the deal the Sherman Company will
furnish the building loan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
Picture taken on the opening day Field Club Mlba Long Island

opinion Of the State Controller when
treats Of this matter is as follows
"The inheritance tax law of this state
has always made the Surrogate the tax
ing officer. And when the amendments
10 sections 230, 240 and 2il OF the taN
law BY CHAPTER 500 of the laws OF I9lI
are read in connection with the other
sections of this law, II Is apparent, ana
this department contends, that IN TAX
ing ali contingent remainders where
the decedent died subsequent 10 Jul!
rs, 1911. il is the duty of the appraiser
n first determine the value of the con
tirgent remainders and the tax at the
highest possible rate, and Immediately
thereafter determine the value OF the
remainders and the tax 10 which they
would be liable if the remainders had
vested IN possession and enjoyment Oh
the date Of appraisal. 8,
"Tbe taxing order should contain
similar provisions, and then the Con
troller and the representatives OF the
estate can easily determine the amer
ence 10 be held by the Controller ana
the income therefrom paid to the eA-
ecutors or trustees. OtherWlse Ihe
Surrogate would determine the tax on
the remainders at the highest rate, ana
the Controller would nave 10 uC'ei n.y.
the tax which would be due had the
romai7ders vested on the day OF APP
praisal, which would be an anomaly no
one would contend was contemplated
bv the Legislature, because this statue
has always made the Surrogate. the tax
ing officer of all estates transferred IN
trust or otherwise. l am therefore OF
the opinion that the statute in its pres IS
emf form requires and fully justities
the appraiser in determining the va !Se
of all contingent remainders at the
highest rate and also their value II
they had vested on the date OF aP,
praisal; and section 23i' OF 'he '"N ID"
first paragraph, provides; &c.,
From such report OF appraisal !:
the Surrogate shall forthwith, as OF
course, determine the cash value Of al
estates and the amount Of tax to when
the same are liable
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
Advisory Council Directs
Attention to Recent
Amendment.
COURTS OPINION
ON ENTERTAINERS
State Controllers Decision as
TO Who Is Taxing
Officer.

The law recently enacted by the
legislature establishing new tax com
mission provides for separation OF the
assessment and collection OF the cor
poration tax. This stipulation is one OF
The principal features OF that amend
ment 10 the tax law, and Is regarded as
q distinct advance in the method OF
collecting state taxes, for II removes
from the power of the official who col
lects and holds the corporation tax the
privilege Of stating the amount OF tax
due
In the light Of this amendment it is
advisable that property owners should
be cognizant of the recent opinion SUD
mitted by the State Controller to the
Advisory Council of Real Estate Inter
ests relative % the determination ana
collection Of the inheritance tax. Under
the laws of 1899 a statute was enacted
which provided that when property was
transferred in trust. or the interest OF
any one inherlting property was de-
pcndent upon the fulhlment OF GER
tain condition or contingency that taH
should be imposed upon the transfer
81 tho highest rate possible under the
law Since that date all contingent re
rsinders have been taxed at the high
EST rate which would be possible on th'
bappening of the event provided Tor
and the tax was thus paid into the STATE
treasury. In 1910 the tax law wa
amended by providing that there should
be graded rate Of inheritance tax, anC
also making the tax and rates apply u
each individual transfer instead OF Il
the whole estate Of the decedent. In th'
case Of immediate relatives there wa
an exemption of $4,000. Above tn!
amount there were graduated rates toI
direct descendants. as follows: One PEI
cent I'D to $4,000; per cent up 4
$250,O00; 3 per cent up TO Sl,VOO'Ooo
and / per cent over Sl,OOO,OOO.
In cases of requests or devise 10 col
laterals the rates extended as high a.
s per cent. Under recently declde'
case in the Court of Appeals the ques
ZION arose as to whether il was posi-
bic 10 determine the amount OF eacf
Individual transfer to an heir at thu
time Of the death of the decedent, o.
when the devisee actually came lnt'
The possession and enjoyment OF nj
estate. The Court Of Appeals held ina
both the law of 1899 and the amend
ment Of 1910 were operative, and tina
therefore the value of any propert!
that would 20 TO an heir upon the nap
pening Of a certain event could be de
termiued ~ the time of the death o
the decedent at the highest possible
rate. Naturally, there were certain IN
stances where persons would lnherl
property for their lifetime and upol
their death the property would go u
another.
1t would therefore be inequitabl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
THE BUILDERS OF TO-DAY
Their Materials Assembled Far
from Construction Site.

In old DAYS great buildings were
made of materials close at hand. The
Parthenon was less than twenty miles
from the marble quarries on Penteli-
Gus. and many Athenian temples were
built of stone dug almost in the door
ward. The cathedrals of the Seine
Valley were built of Caen limestone,
those OF the upper Rhine of local sand
stone. There were exceptions to this
rule: grarite for facing the Pyramids
was brought 400 miles down the Nile
more than forty centuries ago; but
even then the great body Of these
structures was of Mokattan limestone
ouarried within a radius of ten miles
claims a writer in THE Chicago Jour
nal"
Nowadays the stuff of which a build
ING is composed depends on the pleas
ure of the architects and the whlms
and financial abilities of the builders
Egyptian granite and Italian marble
have been carried in vast quantities
to Petrograd. The still unfinished Ca
thedral of St. John the Divine in New
York already has drawn on most OF
the world for materials, and probably
will levy on the rest. The great Lin
coin Memorial now going I'd at Wash
ington is merely assembled there. The
marble is dug, shaped. fitted and the
pieces numbered at the Quarries IN
Colorado. 1000 miles away, on the
other side of the continental DIVIDE
and 5000 feet above sea level.
There were difficulties about the old
plan. to be sure. but it helped to de-
velop local schools of architecture;
The modern way tends to reduce all
great structures TO a certain samenesS'
both OF materials and workmanship.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
Clay ". HOLMES.

various devices suggested BY ms's
facturers and others. He said ne y
mort of the subcommittee woala "
be ready until October or NoSenn.
A letter was received from the !nl1s
Association, calling the owners sVts
ton of spending money for ssiesy, -
vice and then to learn that tne sai. y,
device did not answer the purposs :"
which il was installed. 80,
The association is opposed 70 ~
law compelling locks on hydraulics, y
sorting that there is no device broas,
forward which will answer the purpon
Mr.. Glass in answer 10 a question y.
that so far there is no law eompsiaI 1,
the use Of locks in New YORK, ous IN, l
likely 10 be included in the new 0uH'
ing code when adopted. n,
On the matter Of sub-me'els
Bancroft stated that a commh'ss !.
the association and a committee OF u,
Real Estate Board attended neA.,
of the Public Service Commissioa'
which arguments were presented by .
Moses, of the Isolated Plant Mas ~.
The Public Service Commission
posed to any form Of suo-me,e.s, -.
Bancroft declared. and that all ,.s
puments presented by the assoeiSss,y -,
eommittee seemed 20 have no en.SI
Mr. Lieb. of the Edison Company, ' -,
that his company was going 70 81. !.
sinh. meters and his company ssses,
extension Of time until July !
the ruling went into erect; ~, "a,
Mr.. Bancroft was Of the oeiiel
the hearing would result IN ensns
nubl;c rates. allowing all eiasse' =,
psers the same ratio Of reduction. =.
small consumer, the ASSOCIATION -,
nnnnces gets from Is TO 20 per -.
reduction and the middle rsW :,
sumer receives no reduction, wa. n
larger consumer gets ~ per ''
II was suggested in cases whe's ~,
nil; ~ a tenant amounted 20 - ~
"a month il would pay the are .s,.
10 rent a meter for So a year ~. II.
niv the tenant. Meters are 500 s,,t,
each il was said, for the usss .is an
ment size of FIVE amperes' '"
gestion met with favor .,ooo,s
Mr.. Bancroft reported the pr ~.
change in the telephone rates ~ A
machines to take effect on JUL a.r,os.
Committee composed Of Messrs De. De-. .
Van DUNE and voorhis were n'A
take up the matter. ..ryss; n
Attention was called to Ies. ~, n.
the Fire Prevention Bureau io ... n AL
stallation of valves on gas, sos,sir'
water pipes outside Of houses ~ thrs
ing fifteen rooms or occupied "
or more families. n, $50
After several conferences w I ,,,ss
citation announces. the gas IIs :. tAsir
heating companies will instsi' - = ysl,s
own expense these valves. A.. a. = ,ess -
on water pipes the association on ssis,,
use OF these shut-of valves 4. ~ elpid
mines min claiming that water ~; y IL.
IN case of Are. II is reQS" ~ tAsif
owners c% install water valves rs, No, ~
own expense, as the Guy , rs parpsss
aside an appropriation, ,t tor M Il As.
In regard to the recurrence. .Osis..ss
valves " on water pipes the '''''
says:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
ADOPT new IDEA
FOR SHOWROOMS
Extensive Alterations for
the Theodore B. Starr
JeWelry Shop.

An interesting and extensive altera-
ton is to be carried out by Theodore b.
Starr, Inc, the Fifth av, jewellers, 1t
is particularly notable because II IN
dictates certain changes in the methods
Of conducting a business OF this cnar,
acter. The old idea of displaying all
the wares at once has disappeared.
Formerly when a person entered
iaweIrv store he looked down a vista
~ show case filled to overlooking with
gems and jewelry of all descriptions.
The largest and most important jewel
lers considered that il was necessary TO
show the largest and most important
stock. The two sons of Theodore b.
Starr, with due consideration, have de-
cided 10 abandon this idea. According
TO Louis Starr, a large stock of jewels
displaved at one time does not really
impress the buyer.
Hazard & Erskine, architects, are
going to divide the present shop into
one large room on Fifth av., and four
or five smaller ones in the rear. These
rooms are to be decorated in a most
careful manner, to be carried out IN
the Louis XVI style, tinted IN the
most delicate shades of French gray
and ivory and furnished with furniture
of the period, which is to be specially
designed by the architects. -,
The old department store erect Will
be eliminated. An atmosphere more
closely approaching we'll designed
drawing room is to be attained, GER
tain comfort is absolutely necessary,
and the old idea of market place FOR
jewelry is to be abandoned.
A. r. Smiles, who has lately become
associated with this firm, has been for
a number of years employed by a
prominent jewelry concern in Paris.
Theodore B. Starr started in the
jewelry business in 1862, at % John st.
In 1877 he moved to Madison Square,
and in 1911 his sons incorp grated the
business and moved to Fifth av. and
47th st.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-20
Home of George Morrow Maba the Sound Long Island

Rose. at 74th st. and Sixth az. The
rentals there are about 81 a room up.
Lying between the big business
thoroughfares Of that section Is Fourth
av., along which runs the subway 70
S6th e. That Is the ideal site for
apartment houses Of the large type. or
course, there are many other suitable
places in the district for the putting
up of the best kind of apartment house
with sill conveniences, except elevators;
There is an abundance of vacant lana
IN Fourth ay. for the immediate carry
ing out of such apartment house pro-
jects. Why, at the terminal station az
seth st. long stretches Of vacant land
are on all sides. am heartily in favor
of having the subway extended 70
1O6th st. and the Narrows,, so that an
residents of the Fort Hamilton section
can share in the largest possible oene-
fits accruing from the operation OF the
dual subway system"