Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1915-09-25
FORECLOSURE SUIT
IS BEGUN AGAINST
J OLD TEL. BUILDING
Prudential Takes1Action to Pro-
tect Loan Made TO Century
Realty Company.
LOUIS SCHLESINGER is
PRESIDENT OF FIRM
Default in Interest on 100000
and In Payment of City
Taxes Alleged.

Papers were served today In fore
closure proceedings begun by the
Prudential Insurance Company
against the Century Realty Company
because OF payment of interest
and taxes on a mortgage covering the
old Telephone building at 156-15S Mar
ket street, near Broad street. The
mortgage, made five years ago is for
S300,0
The Century Realty Company IS
repr ssented In this city by Louis
Schl esinger, ono of the best known
real estate dealers in the metropoli-
tan district. He has been for years
. large operator in ventral Newark
properties and hi sholdings are eXten-
sive. He also has operated in New
York as we'll as in the Newark sub
nrbs. He las been factor for years
in the local and real estate market
and has a suite of offices at 81 Clinton
street with L. Schlesinger, Inc
The bill of complaint filed by the
Prudential Is signed by Edward Duff
field, general solicitor for the com
pany.
Declined to Talk.
Mr.. Schlesinger was seen at his Of
fice today and referred all inquiries
to his counsel, Louis Hood He de-
clined to DISCUSS the legal proceedings
In any manner himself
Mr.. Hood said that he did not know
that he represented either Mr.. Schles-
Singer or the company in the matter.
He added that Mr.. Schlesinger had
discussed the case with him inform
ally, but that he had no positive
knowledge of the conditions sur
rounding the bringing of the suit.
The Century Realty Company is
Eiven in the city directory as having
offices at 81 Clinton street. The Of
ficers are: Louis Schlesinger, presi-
dent; Alexander l.. Schlesinger, vice.
president and treasurer, and Frank
3. Heller, secretary. The stated capi-
tai of the company is 100000.
The lower floors of the building in
suit are occupied by William Rogge
as a cafe and restaurant. AS ten
ant, he was served today with a
notice of t,ae beginning of the suit.
The 1elephone building was erected
about fifteen years ago Sv N. y. a
N. J. Telephone Company which later
oi1tgrew the structure and built again
on Washington street Since that
time the old Telephone building has
changed hands several times.
Native of Newark.
Mr.. Schlesinger is a native of this
city and has long record for ability
and capacity. lie is rated as one of
the men who helped a great deal to
develop Newark and Its suburbs.
In 1887 he was appointed by Mayor
Joseph e. Haynes as q clerk on the
Newark Aqueduct Board, which posi-
tion he held until 1890. He resigned to
20 into the real estate and insurance
business with the late eX-Sheriff
william f. Brown. After a ten-year
partnership with Mr.. Brown he went
into business for himself.
In 1904 he organized the Union
Building Company with Norris Rach-
lin and the late Lesser Lehman,
which company erected the Union
/ building and the Essex building. This
Acompany also purchased the Farley
land Treacy tract lying north of Clin-
ton avenue and west of Seymour ave-
nue., containing $40 city lots, and
through the energy of Mr.. Schlesinger
rs Vice-president transformed this un-
slightly tract into one of the best resi-
Dental sections in the city.
In 1911 the business was incorpor-
ated under the name of Louis Schles-
niger mo, of which Mr.. Schlesinger
was the president and Louis Kamm,
+ VICE president. Il sl6 ldlleT SOIlt
months ago retired from the firm.
These two men also controlled the
Century Realty Company, which for
a time included in its holdings the
Century building and 1.-THE Broder-
son." a larso apartment house at
High street and Brentnall place.
Mr.. Sehlesinger is q director of the
Hebrew Orphan Asylum and a mem
Der Of the Progress Club, Northern
Lodge No. %. f. and A. M, charter
member of Salaam Temple, Mystic
Shrine, New Jersey Historical So
ciety, the Board of Trade, South Or
ange Field Club, and the Mountain
Ridge Country Club, of West Or
ange.
Mr.. Schlesinger was married on
October s, 1890, to Sophie, daughter OF
Joseph and Fanny Levy. They have
two children, Alexander l.. and Joel
l.. The former is associated with his
father in business.