New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-09
Confer with Real Estate
Interests on Proposed
City Plan.
CONTROL OF LOANS
NAY BECOME FACTOR
commissions Maps in Hands of
BOARD of Estimate, and Early
Action Is Expected.

NIB ,rra,, who will exercise eN-
.,re control over future building
..,iors through the loaning OF
80 met with the Advisory Council
,5e Real Estate Interests in the
r.ri,sble Life Assurance Building,
,oo ROADWAY. yesterday afternoon to
.,.rss the steering Of New York tow
80 definite city plan. They unani-
~o.,ly approved the proposed zone
-..en Of the Commission on Build
7. Distriets and Restrictions. They
,,5orsed Individually the Save New
v,-to campaign promulgated By cit
'.,,, in the shopping district.
cvrus C. Miller chairman Of the
.,s,utive committee Of the council
presided.
All Boroughs Covered.
Edward n. Ba.sett. chairman OF the
..-miss.on and former Public Service
2ommissIorer. explained how three
,.srs for each borough had been pre-
,sref one pertaining 20 building
ss.cbt another 90 building area, and d
A,rd 10 building character. tenta-
..rl report go the Board Of Estimate
,,srld be published within q few days,
although I do not look for imme-
date action on the question: said Mr.
Yas,ett. 81 believe that the zone plan
I'm be settled within six months. 4
fsv. pessimists look for d delay Of sew
na years.
Details Of the borough maps were
srplained by George b. Ford. consultant
20 The comm issIon and an expert on city
rlmninc. Ire outlined the general aims
q the rct.str.ct.ng plan 20 restrict the
main tnor0uchtares for business and
anobiect0Dat.e manufacturing. Other
streets vii. Dee kept for residential pur-
noses. Large areas along the water
fronts and the railroads have been des-
,grated as unrestricted Mr. Ford eX-
sibited maps 90 illustrate the commits
sion's recommendation as TO restric-
lions Of building height, varying with
tie width of the streets, and court
yards. varying with the height and
character Of the buildings.
Banker Supports Plan.
John J. Pulleyn. controller Of the
migrants Industrial Savings Bank,
suggested that q meeting Of bank Off
Gals be held 20 study this city plan
ning problem Money lenders have
indeed been % q chastened spirit since
The Generalization Of real estate" he
coid 81 er.... ~.r an rrc4f+u+fcr - u .
has something like 700 600 invested
10 New York, and ] can say that We ap-
prove Of this zone plan. We have al
says studied the question Of getting
outlets for our money. Whenever IL is
spparent that building Will be q mis-
% in its environment we say that we
90 no. care 10 undertake that charac-
isr o. a loan. We are interested di-
Hetly in - movement Of the com
nittee to save the shopping zone from
Industrial invasion.
q an one OF the men who believe
thoroughly 90 New York. Probably We
1A. never see real estate values as
Lgn as they were once no matter
saetner this zone plan goes through
o. not. Bat there is 10 reason to
eeEbt that the time viii soon come
Faen & mortgage loan will be as desiT-
u.s an inye .mcnt as ever By city
Naming We viii correct the evils that
eight interfere with future invest
nsnts"
Sees Danger in Delay.
Chairman j. IT, Burton Of the Save
AsW YORK" citizens committee said
nat he was afraid that the zone COM
heSons plan would not become d law
'oon enough t0 protect the shopping
liiiiet The movement started by de-
larnent stores, property owners, no.
yes and bank, in the retail trade dis
met was intended 10 supplement the
"sis o. and assIet the commission.
u The members Of the zone commits
non sno OF the Board OF Estimate will
Aeolse thls plan as individuals then It
.iA be Practically as binding as if 1t
zee 3 law, Ar. Burton added.
Lagar a. Iredwell, real estate bro
Isi, SAID TIA, 10 was useless TO provide
restrictions in the Murray Hill district
%ah Of Fi-y-uinth Street, because
BY
Would Extend Shopping Zone.
restrictions starting az Thirty-third
eIesi would not keep the garment
soi1ers OIL Fifth Avenue in the lunch
sosi' George Chapman, manager Of the
ii1n Avenue Building, said. lie ad-
'oesied extending the shopping zone
y 4Wenty-th.rd Street, including the
es'ncI between Fourth and Sixth ave-
lges
favorable comment on the zone plan
vas made by @. T. Mortimer, Of the
equitable Life Building: Henry A.
s'asneS' presieu Of the Bowery Saw
~ Bank Louis Y. Bright, president
ne Lawyers Title Insurance and
IT'S Company, and J. vs.. Cleveland,
Parry.
Ihairman Baesett said that he would
~ 70 have the Save New York"
rv!eei Incorporated in the forthcom-
,,.t report o. tho commission provided
els no. conflict with the plan 20 re-
s'''et the city as a whole.