New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-26
Big Structure 10 Replace
Landmark Near Penn
sylvania Station.
OPPOSES PROPOSED
BUILDING ORDINANCE
Charles F. Moves Believes That
Regulations of Measure Are
Most Harmful TO Many.

TIE Hseger warehouse. ar old land
rs-. o. me west SIDE OF Eighth sv
between SD snd saith SITS. disgonslly
oooos.te th. Pennsylvania Railroad
station. IS 10 be taken down in the
near future. and on the site. which is
owned by Archibald d. Russell, =
,uerty-one story ofiee. store and loft
building Rill be erected from plans by
Edward L. Lsrkin.
The property, which is jus; north OF
Inc new postoHies, covers q plot 1916
Feet on On. avenue ard le0 feet or the
al. streets. IRE proposed building,
which is expected 70 be ready for oe'
sypsney on January !, 1915. is esti-
-,.s5 70 cost s2.000,0oO. The site is
valued 81 100000.
Charles Z. Moves IS opposed 20 the
limitation o. building heights as pro-
nosed ,u the ordinance submitted by
no building heights committee. lie
believes that with notifications the
ting or the proposed ordinance can
i.ryelv be removed. but warns property
onners that the regulations IS now
proposed are most harmful TO many.
Nr Moves, In speaking on the subject
Yesterday, said:
"Propcrty owners 90 not realize the
,-portsrce OF this ordinance. II they
I'D thcv would turn out en- masse on
Tbursdsv IN opposition. il IS only be
cause those owning properties not yet
ga az /. D. D. O. -
,iss have become wearied and worn out
,imost 20 z frazzle BY being overregu-
Lied. overtsxed and oversbuSed by city
and state that the seriousness OF this
new menace In its present form is not
fnllv realized. For years its adherents
have bec7 quietly working. skilfully
l.ying their plans and cultiyatlng pub
lie opinion. Those OF aesthetic taste
those OF theory and some OF practical
experience believe that buildings should
b, limited in height.
Il believe in the theory i We could
start as in the beginning, but 70 start
nov with regulations as drastic as
hose proposed would be a calamity
and many innocent owners OF real es-
tat. who have purchased or kept from
Inheritance believing that they owned
Bounded BE- the sky would suher
heavy loss. .,,-
gwen now it might be practicable
10 work out a compromise ordinance
that would be acceptable. Those who
have purchased or who own property
On narrow thoroughfares downtown,
such az Nassau. William and Cortlandt
IS. Maiden Lane. Church. Fulton and
John SITS. Exchange Place. New, PINE
and Liberty SITS, etc, and who nave IN
bsrited their property or paid tor II ~
4. value Of $50 a square foot lSl2o,OOU
,io,l and inward and where the prop
sr,v Is positively worth this tgure,
should not remain quiet ana permit the
,rsctment OF this law without opposl-
ton and under the guise Of Legislation
remit that which they have to be sum-
uarily taken from them.
This purposed legislation may %
Constitutional. but | doubt It, althou6r
eminent counsel are actively worklhs
for lis adoption. These streets IC
which 7 refer are from 80 feet 10 OF
i,,, IN width. Eight or nine stor!
buildings will be permitted by the pro
no,,s legislation, irrespective o
ground value. To me this certain!
ioess Ike confscation, and provlde'
n, eitv - 70 permit any regulator
ordnance 10 be enacted II should pro
,d, That on any block where oefor'
,rsetm,ut property has sold or u
Valued bv competent appraisers as pc
irr worth $50 square foot sl2o,Oo'
lot) that building $50 feet higl
could be erected. or II the valae wa