New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-08
hundreds of Business Men
Indorse Project to
Segregate Lofts.
FACTORY MEN AGREE
TO MOVE DOWNTOWN
o,O,Iem Now Up to Brokers and
property Owners-Mortgage
Loans To Be Urged.

so, n. hundreds Of letters called
,.-h by the civic appeal TO save New
yorL', shopping zone from the inrosds
.nufacturing only one has voiced
.,o.i.ion. That one was anonymous
-,,.o, bv man who shipped of the
,....rhasd on his stationery-so 1t
80, count" J. H. Burton, chairman
:, .bs committee, reported yesterday
-, AZ a luncheon for real estate
.S,,o,s at the Hotel Belmont.
large paper box heapsd high with
,..,.,, indorsing the plan for re-
$3.50 retail trade zone lay In the
..,,,s Of the table. With this evidence
,b.. public OaniOn thus far has crys-
,,n,,ed in favor Of the project, the
.,urrittee authorized the following
statements
This campaign to save New York is
Arss DAYS old. 1t is already apparent
,hst We have accomplished one definite
,,,ul,-the lon building above Thirty
,b,rd Street, between Third and
S.vspth Avenues Is doomed. II there
vsrs plans for erecting five hundred
If. buildings in the proposed zone in
The next few years, it is reasonable to
:-e1ict that not FIVE would be built.
Why Plan VIII Succeed.
WHY First because the banks Will
-, want 70 loan money to enterprises
,,s. are in disfavor. Secondly, manu-
,,.,rrers. who make loft construction
,,oAtable. will hesitate about moving
ty,tber uptown when the preference IN
,,sss Is to be given by large stores to
;s,,ores located outside of the shop
ming zone. Finally, if the bankers have
n. interests Of their clients at heart
they will advise them that II will be
,yslpst their own best interests 20 in
.ss further into the retail district.
az this tremendous check on indus
trial encroaehment has been effected In
three DAYS there is no reason to doubt
that the movement will develop into a
general cooperative campaign to save
New York. By that is meant the bring
ipg OF New York back where 1t used to
b.-the rehabilitation of the lower part
Of the city. where trade and industry
aourished fifteen years ago. Our plans
mean as much 20 Canal Street SIS to
Pitth Avenue, as much TO Mercer
Stree. as 70 Park Avenue.
Problem Up to Property Owners.
Restricting & certain zone against
future encroschment and urging manu-
,scturers now in the restricted area 10
nov. Will not accomplish the purpose
II the campaign. There must be mod
en-, freproof factory buildings erected
below Fourteenth Street If New YORK
bto be saved Ten cloak and suit firms
have Informed Nathaniel ID. Reich.
counsel for the committee, that they
are ready 70 20 back downtown II they
can get satisfactory accommodations.
This offer puts the problem squareiy up
10 brokers and owners interested in idle
property below Fourteenth Street. II
We all pull together values In the SHOP
,ing zone will be permitted TO enhance,
values in the rehabilitsted industrial
isne will advance and the tax rate vii!
drop" =.
Controller William Prendergast mott
fed the committee that he was inter
es,ed in the movement. and that ne
would assist them i'm bringing It TO the
attention Of the Board of Estimate. -.
Herman Bernstein, of THE Day"
ogtined plans TO bring the campaign
70 the attention Of the cloak and SUIT
manufacturers at mass meeting 20 De
addressed By several members OF the
Board Of Estimate and Chairman Bur
ton and Mr. Reich.
Conference TO Discuss Project.
conference OF the ADVISORY Council
o. tie Real Estate Interests will be
bed this afternoon at $3.50 o'clock at
10 Broadway 70 consider the civic
movement in its relation to the Com
Mission on Building District and Re-
sirie,ions Cyrus K. Miller, chairman
the executive committee, will pre-
SIDE, and the plans for redistricting the
City will be explained by Edward NJ.
bassett, chairman Of the commission;
George B. Ford, city planning expert,
and Robert II. Written, secretary.
Other speakers will be George Nc.
Aheny e1-President Of the Board Of
Aldermen; Charles d. Norton, first
Mes-prtsident Of the First National
bsnk; Willard V. King, president OF
ne Columbia Trust Company; Louis
" Bright president OF the Lawyers
lite Insurance and Trust Company;
Richard ". Hurd, president Of the Law
lsis Mortgage Company; John j.
frlsyn. controller Of the Emigrnnt
Industrial Savings Bank; Henry A.
othenek, president Of the Bowery Saw
hss Bank; Harry A. Kshler. president
the New York Title Insurance Com
psry; Otto u. Eidlitz, OF Mare Eidlitz
2 SOM Burt L. Fenner. OF McKim.
Nsad White, and William j. Wiigus'
engineer.
To Urge Loans on Mortgage.
Banking officials will be told that in
'Hlenons which loan on mortgage can
accomplish much good in giving the
W healthier growth IN real estate
az building development
among those who have indorsed the
1ov'ment are Harvey y. Kohn, presi-
Sc,t o. Alfred Benja Washington
t.npany, Lafayette Street and Astor
.,ssas' he N. WILDER Dyer Company
sesi Iventy-third Street; Herman
S.ite, Of 10 Seycnty-fourth Street,
ss.ooflyn; Cfots, Brown e. Co, 39o
s@s@ay; ". Z. Willis & Co, lob
M Avenue; Fcrd Mcumer, Inc, l4I
vest Twentieth street; Ri,eweb
ah1iaeiur.nr Company, Inc, 31I
iIioaossy, Oscar D. 4 Herbert V.
yy'ks 20 West Forty.second Street: II.
Ellsworth. 2lO West Fifty-seventh
IRE Albert Ulmann. Of the Maiden
H.-ns Llliorcsl soclaiy. Dr.. George