davidaulloa/AmericanStories huggingface dataset:
The Bridgeport evening farmer., 1917-03-19
Federal Farm Loans
 Will Be at Rate of
 5 Per Cent, Is Rule

Washington. March 19-The farm loan board announced today that the interest rate on all loans made to farmers throughout the country by federal land banks would be per cent.
 A rate of 1-2 per cent, on bonds to be issued by the land banks also was officially announced.
The Bridgeport evening farmer., 1917-03-19
French Pursuing Retreating Army
 on Somme Front

Paris. March 19-The French, close ly following the retiring Germans, re- occupied Guisacrd last night and at several points reached the railroad from Ham to Nesle, the war office an- nounces. Troops were pushed along the national road to St. Quentin.
The Bridgeport evening farmer., 1917-03-19
German Colonies
 Are Occupied By
 Forces of Chinese

Peking. March 19-Chinese troops have occupied without opposition the German concession at Tientsin and Hangow. The Dutch have taken over the German consulates.
The Bridgeport evening farmer., 1917-03-19
Daily Expenditure :. In England Totals
 Six Million Pounds

London. March 19-Replying to a question in the house of commons to- day Andrew Bonar Law, chancellor of the exchequer, said the daily average expenditure of the British government from April 1. 1916. to March 31, 1917, would work out at 5000, 900 pounds.
The Bridgeport evening farmer., 1917-03-19
After All Night Conferences, Federal Mediators Finally Win Over Railway Managers to Con- cede to Demands of Employees, Preventing Tie-Up of All Lines Secretary Lanes Appeal to Patriotism is Effective In Compromise Men Get Back Pay.

New York March 19The railroad strike has been averted
 Yielding to the appeal of President Wilson and facing probability of this countrys entrance to the world roads early today granted the demands of the employees brotherhoods for basic eight hour day. The telegraph today carrying throughout the United States the brotherhood chiefs resembling the orders the tion of the great progressive strike at o'clock tonight
The Bridgeport evening farmer., 1917-03-19
THE WEATHER

Connecticut-Fair and continued cold tonight: Tuesday fair, slightly warmer; northwest winds, diminishing and becoming variable by Tuesday.
The Bridgeport evening farmer., 1917-03-19

Washington, March 19The Adamson eight hour railroad law was held constitutional and valid in all respects today by the supreme court
 decision makes eight hours the standard of days wages for operation of trains and egazes the tentative
The Bridgeport evening farmer., 1917-03-19
ADAMSON EIGHT HOUR LAW CONSTITUTIONAL IN ALL RESPECTS; DECISION COMES AS K. K.
 HEADS MAKE CONCESSIONS AVERTING STRIKE

Supreme Court, by Vote of Five to Four, Upholds Eight-Hour Bill for Railroad Employes = Chief Justice White Renders Decision While Two Dissenting Opinions Are Filed-Major- ity Opinion Holds That Statute Regulates Both Labor and Wages.
The Bridgeport evening farmer., 1917-03-19

doing. He Is married and it is be- Heved debts are responsible for his stealing the money.
The Bridgeport evening farmer., 1917-03-19

(Continued on Page 2.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
FAVORABLE SIGNS
In LOAN WORLD
Lenders Changing Their
Attitude Toward Older
Properties
by EDWIN e. BENEDICT
or the Charles 4. Moves Company

There has been no marked change IN
the real estate mortgage situation for
some weeks. Ordinarily, with a con
dition such as is now presented, VIZ;
With an sbnormally large amount OF
money available for mortgage invest
ments and an unusually moderate de-
mand, lenders would be bidding against
each other. either by Offering TO loan
a larger percentage of value than Is
customary or by accepting lower than
usual rate Of interest. This condition
does not exist at the present time, due
undoubtedly to the lukewarm condition
of investors generally, and particularly
with mortgage investors.
There is very little building going
on in greater New York at the present
time. This is an encouraging situa-
ton. because, with the city constantly
growing at tie rate OF from l5o,VOO 10
200. 0OO year. and with practically no
new construction, all OF the OI-eI
buildings ale gradually renting up at
very advantageous rates. The creates
trouble with the mortgage market ana
the real estate market in general mere
tofore has been that many OF the Older
buildings were without occupants, ana
the.e has been 81 most astonishing
change in this regard because pract-
cally all of the older buildings, par
ticularly those that have been MOD,
ernized, are now rented. 1t is unusual
now to find a building complying with
all OF the requirements OF the various
city and state departments that IS not
quickly rented 20 good advantage. ..
There has been heretofore dlsinci-
nation on the part Of lenders 10 accep'
old properties as security Tor mortgage
loans. This condition Is certainly
changing, because lenders are quick 70
realize that they can get the older
properties on very much PETER basis
than they can get the new ones ana
with any initiation of value Thoroughly
eliminated. Such loans on these oldeT,
buildings represent largely ground
value loans. Most of these older build.
ings are now at the very lowest eDo OF
valuation. Therefore. fairly liberal
loans can be made on perfectly SAFE
basis. especially If in cases where nee
essary a provision IS MADE that por,,
ton Of the money loaned is TO be used
for bringing the buildings up to date
so that they will meet with all Of the
requirements Of the Fire, Factory and
Labor departments.
A mortgage investment covering one
of the older buildings, when based on a
conservative valuation, is, IN my. opin-
ion. more secure than one based on a
newly improved property that never
can in the majority OF cases De worth
as much money as when new. IN otnei
words IN the case ~ the new hu'n'ne
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07

nizing this great wrong to property
owners, appointed a tax commission
composed Of eligible citizens, which de-
liberated nine months, made its report
and then passed into oblivion. These
sporadic movements lead nowhere,
nothing has been or will be done until
some Moses leads the people 70 full
appreciation that there must be
change to save the goose that lays the
golden egg. This tax question is stu
underlined and should be disposed OF.
Bill 10 Aid Money Lenders
Another important measure that was
s.detracked was the bill 20 relieve
second mortgages from the faint OF
usury. This was advocated and in
dorsod widely by prominent real estate
interests, leading financicrs and legis-
lators, but failed in the Senate, due 70
the opposition Of upstate members.
This bill will be vigorously presented
at the next session Of the Legislature
and a strong attempt viii be made %
meet the objections Of the opposing
members.
Real estate has also received an
impetus. due TO a falling OF Of building
operations. Never were there fewer
vacancies and rentals so proportionate-
ly high. Landlords are readily able %
meet their running expenses, and real
estate is now an asset instead OF
liability.
The mortgage situation is good and
money is plentiful for investment on
well-located property a. reasonable
rates of interest. Foreclosure suits
are gradually growing fewer, and the
plethora of money for this class OF
investment has been and will be %
great service to enable the owner 20
protect his property by readjusting his
liabilities
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
State Outlook Is Optimistic

but il will eventually build up in very
substantial way the suburban sections
Of New York. which have been greatly
hindered through sales to SPECTATORS
Who have no intention OF building or
otherwise improving their holdings,
Industrial property IN the western
mart of the state has been particularly
active during the last six months, and
indications are that this class Of prop
erty will be in demand in 1917 The
farm brokers in the central part OF the
state are reporting better business and
better prices, great many sales being
made TO people who are coming into
New York State from the West.
Ready mortgage money and an IN
creased confidence on the part of the
buying public can have but one result,
and 1917 promises to be a very active
wear for the real estate interests OF the
state.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07

is properly termed the axis of pedes-
TRAN and vehicular traffic OF the city
The aggregate traffic on this street rs
comparable only to the great rush
hour movement along Park Row.
Probable Future of Site
"The character Of utilization Of this
plot is limited only by consideration Of
the minimum development consistent
with its inherent value. The chief
uses, however, may be said TO be for q
hotel, an office building. a department
store or possibly combination of two
of the foregoing. Its advantages for
hotel and general business purpose
are patent and cannot be overstated
but there are peculiar advantages for
a department store The contact with
the committing OF suburban trade is
immediate, and part of the basement
might be readily turned into minia-
ture Washington Market Buyers and
sellers TO the trades would naturally
make this a chief point Of intercom-
munication
in excavatinC for the subway. fully
half of the rock excavation for the
basement Of any proposed building was
taken care OF. The subway construction
itself was built TO sustain an adequate
Improvement, so that there viii be no
limitation so Jar as the subway is con
cerned TO any character Of development
that is legally possible.
"A feature that should be very at
tractive TO prospective investors is that
the property will be sold free and clear
Of any incumbrance or cloudy title Of
any kind. subject only to the ease
merit for ST bway purposes. The for
mer occupants of the premises held a
good deal Of the property by leasehold.
"Thc new facilities are elements that
could not be taken into consideration
by the commissioners Of appraisal in
making their award. as these factors
were not in existence at the time title
to the property was taken by the city
on April 30, 1914, and the speculative
elements introduced by them must be
given important consideration in pres
ent day estimates Of the financial pos
sibilities Of this piece Of real estate"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
MAY GET RID OF TANKS
Project to Join Sprinklers with
Catskill System

The Advisory Council of Real EStSVe
Interests is carefully considering the
suggestion emphasized by William n.
Browning that the increased pressure
Of the new Catskill water supply De
used 10 supply sprinklers in buildings
ak stories and less in height IN lower
Nsnbattan. The council adds: Nv ith
but little increase in pressure tne
Croton system can be used for ouiIo =
iros ten stories in height or less, Ou'
there would be large additional eH-
pense for pumping stations. me fiie
Department is now investigating tins
matter most thoroughly, and, 1t rs an,
ticipated. will report fayorably toward
the use Of our water supply for sprlnh- .
Ter purposes. If the sprinkler systems
In many Of our large buildings eoulo De
connected direct with the water mains
in the street, the expense OF ma n'@l' ,
Ing and constructing roof tanks ana
pumping water would be saved 70 prop
ertv owners, an economy moderatel!
estimated by the Merchants Associa,
ton. the pioneers in this movement II
MANY thousands.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
SEEK REVISION
OF TORRENSLAW
Many Amendments to the
Measure introduced at
Albany

Assemblyman N. Msldwln Fertig, Of
Bronx County, has introduced in the
Assembly the bill for the amendment OF
the Torrens law. The bill was among
the first introduced at this session, re-
ceiving Introductory No. 9. A compan-
ion bill in identical language will be in
troduced in the Senate.
"The Fertig bill includes the thres
vital changes recommended by me-"
says Register Hopper, 80 make the eN-
animation Of titles exclusively Official,
to establish public confidence by put
ting the county back OF the assurances
fund. and 10 shorten and simplify the
initial court procedure.
"These amendments will make the
New York law like the law OF Mssss-
chusetts, Illinois and Of other states
where the system has been successful.
The amendments were prepared in
consultation with committees and mem
bers OF the Bar associations, Chamber
of Commerce, Citizens Union. City Club,
Merchants Association, Civil Service
Reform Association, State Civil Service
Commission and others. While all Of
these bodies have not yec taken formal
action, the fact that the amendments
follow the established presidents Of
other states and are in accord with true
Torrens principles has brought the
general approval OF the real estate
world.
THE building and loan associations
of the state have unitedly approved the
amendments, as well as officers and
trustees of many savings banks.
"Assemblyman Fertig, who introduced
the bill in the Assembly, was prominent
last year in the fight for Torrens Law
reform. He has made a study Of tia
Torrens system, and is an able advocate
of true Torrens principles.
"A determined fight will be made for
the passage of the amendments
There have also been introduced in
the Legislature four bills drafted By
Gilbert Ray Halves. as attorney for ths
Torrens Title Insurance Company and
Torrens Land Company, one OF which
amends the practice and procedure un-
der the Torrens land title registration
law, and the other three amend the
banking law and the insurance law. 50
as 10 facilitate the making Of mortgage
loans on Torrens certificates issued By
the state.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
DOWNTOWN STUDIO
FOR BAYARD II. TYLER
Noted Artist to Make a Study of
Lower Manhattan

Charles B. Van Valen has leased Of
fees in 90 William st. to Bayard II.
Tyler for a downtown studio. The
lease is a new departure in realty and
art circles, and marks the entrance OF
artists in the downtown skyscrapers.
Ny Tyler, who is life member Of
the Lotos Club. is a noted artist.
After completing the paintings Of
several prominent business men Mr.
Tyler will make a study Of the lower
Manhattan buildings. II is rumored
that several other noted artists are to
follow his lead in the downtown move
ment, among those mentioned being
HUGO p~uin no fpuou- "1ural nai7'er
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
COMMUTERS ENJOY
WILD DUCK SHOOTING
Sport Keeps Many Persons All
Year at Baldwin Harbor

That wild ducks are a real estate
asset may seem incredulous, but they
are nevertheless, says C. L. c. Dit
mars.
"The winter season finds thousands
Of Wild duck lowering in and near the
water and islands adjacent 10 Baldwin
Harbor. southern Nassau County" he
adds. "and many Of the New York
business men residing at Baldwin
iTarbo~ ir the winter 10 so primarily
for the sport or wild duck hunting.
Jney nut OF 10 small motor boats
through Muburn River to Hampstead
Bsv aad then locate in blinds along
side the islands between Baldwin Har-
Dor and Long Beach, where Wild duck
arc many"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07

The committee on the city plan OF
the Board Of Estimate has before it for
consideration a report Of Robert Ii.
Written, its secretary, on a plan for
the establishment OF setback lines in
connection with the laying out Of
street systems in tho present wholly
undeveloped or suburban residence
sections. The committee is anxious TO
secure the criticism Of tho proposed
plan by land developers and property
owners before taking any action ia
regard to IT. IL Is said that the use
of the setback plan would IN certain
cases very greatly reduce street open
ing and paving costs to be borne by
the property owners, and also reduce
future street widening expense both 10
the owners and to the city.
Mr. Written says in his report IN
part as follows:
New York City has made little use
of method which is coming 70 be
recognized as essential TO good street
planning, namely, the establishment Of
setback lines. The setback line Sc
cures on certain streets a uniform set
back of buildings from the street line;
that Is, the owner is compelled TO leave
"a yard or court across the front of his
lot. lie may use this yard for any
private purpose, but may not build
upon it.
"The advantages of the setback line
are:
"GJ Health, Comfort and Amenity-
I'm private residence section a uni
form set back from the street line in
creases the attractiveness of the sec
ton and adds 20 the health and com
fort of the inhabitants. IL improves
light and air conditions; makes pos
sible putting OF the front lawn shade
and other trees; removes the dwelling
further from the noise, fumes and
dust OF the street.
"Wherc residences are uniformly
set back from the street without the
establishment of a legally binding set
back line, each owner is at the mercy
of his neighbors A voluntary setback
of this kind is often worse than no set
back at all. A single owner by disre-
garding the setback line may ruin the
entire block.
"t2) Economy Of Initial Develop
nt.-Purely local residence streets
having a setback line can be permitted
a narrower width than could otherwise
be allowed. This reduces development
expenses, not only in its economy OF
lard but more markedly in the de-
creased outlay for paving. With a
10-foot setback a standard 60-foot wide
street might be reduced to 40 feet.
This might be adequate for streets
under 500 feet in length if developed
with single family houses. II, later,
the single family houses were replaced
by three or four story apartments. the
street could easily be widened TO 90
feet to meet the increased traffic re-
quirements incident TO the more in
tensivc housing.
Elasticity of Street Design
"l3) Economy Of Ultimate Develop
ment.-The existence of the setback
line will permit the economical widen
ing Of traffic arteries whenever traffic
needs require II introduces measure
of adaptation and elasticity in street
design that is of immense Importance
in view of tho almos: prohibitiye ex-
pense Of widening a street once laid
out and improved.
"The fixing of the setback line now
is the only practical method by which
the widening Of many traffic arteries
can be secured in the future, when
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
Splendid Progress Made in All
Glasses of Property.
BY ALFRED Fl. WAGG,
President Of the Real Estate Associa'
ton, State of New York

'''Aueit OF the hcdl tstdte AsSVN'N'
ton, State of New York
The statewide real estate situation
decidedly optimistic In spite Of the
'T splendid progress has been made
al classes Of property, and under
i'le circumstances. it does not take a
genius 10 predict rising values and a
'''y active market as soon As the war
atmosphere has cleared.
Periods Of unusual activity in Wall
Ieet are inevitably followed by very
+''e periods fc. ,eai estate. People
.'he back TO the only safe investment.
scent developments Boa the stock mar
nave already had the effect of turn
Is considerable sums from purely
F.'l.atlye TO realty investments.
an inquiry among Long Island brok-
i. = i1dlcates that there is a greater de-
ll Tor large estates and country
ls' than az any time since 1905. The
y.osIon generally in suburban New
w mas for the last few years, been
-. bV.Ng complete cnange. FOR
10y the largest percentage Of sales
.us purely speculative. To-day that
,..altlon is completely reversed. The
sIIAge person is buying with the idea
nome building. To-day the specula-
=, t buyers are sticking closely 10
spefly which is being occupied for
,slssi recognizing the fact that prop
~ which viii not stand the close in
NSugsuon Of a homeseeker will not
ready market. 7 am informed
!9a a reliable authority that over so
gent Of the property sold last year
nassau County, Long Island, was sold
Icy 10 home planners, situated so
h. tney can make use OF it immedi-
~ The effect Of this condition has
NJ he elimination Of some undesir-
"tnd poorly financed propositions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07

the depreciation Of the security begins
al once. while in the case Of the older
property the depreciation has already
taken place. and its undermining brings
il up TO date, and it is a building that
can readily compete successfully with
The newer buildings, and at lower
rentals.
When peace comes the ultimate trend
Of money should be toward the lowest
interest rates that we have had Tor
many years, for the reason that there
will be less demand for money for
manufacturing and mercantile pnr-
poses. and for war loans, torelgh
financing. etc. This money VIII IN part
seek investment in the best security
the world offers, viz, New York real
estate mortgages.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
To Be Schulte's lOSth Store

Peace e. Gilman have leased to the
Schultz Cigar Company in the premises
owned by the Peter Doelger brewing
Company. the large store at INC
northeast corner Of Broadway ana s'tn
-. for a long term OF years. On com
pletion Of extensive alterations 10 the
premises the Schultz company Will open
there ito fn9.h store
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
MISCELLANEOUS
NEW JERSEY,

FOR SALE-On Sarasota Bay, Sar-
asota. Fla, the beautiful home and
citrus grove Of the late George Win
ship-to settle the estate For full
particulars address Trust Company
of Georgia, Atlanta, Ga, or J. H.
Lord. Sarasota, Fla.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
For Placing Homes Back From
Street Lines

Suburbs Would Result Better
Efficient City Panning-Wdh
Increased Under the Scheme at Comparatively
and Other Trees Would Border the thorough
Adding the Charms of Outlying Districts
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
wFsTcHEsrER COUNTY.
NEW JERSEY

gR0NXyIIIF WE'LL CONSTRUCTED AND .
raom u11se. ol large p.J1. 40 os Is. "a
rste- heat or-r fr.n.ares. lariuoei hoos. gag.
fre MINUTES from station. 30 minutes Grand ~
tral Price $1,000. s-sy terms Owner. boa So.
H.HIKFlle. n.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-07
COUNTRY PROPERTY

IFr YOUR RENT PAY FOR 'rOUR SONS
Beet financial plan explained b. CountrY Hous
LsEus Va 40 wsa' $50 o. p<p, 'Posns
assN Maf ~
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-10-01

they We're entirely too hard. He was
dreadfully afraid he would be put back
with the boys a year younger than he
was, and yet he couldn't do such diff
cult lessons.
"How ashamed he would be to be
put back! Oh dear, what could he do?
He must simply tell the teacher the
lessons were too hard. But then he
felt sure she would tell him to go back
into a class where they were easier.
''He put his head down on his arms.
The soft autumn breeze was blowing.
1t had been a warm day and two bum
bic bees We're buzzing and talking very
near him. They were having some sort
of a talk about the sweetness of the
honey in the honeysuckle vine.
"Just then he saw his pencil. The
end of it was wrapped up in cotton
wool and gauZe.
"'Gracious pencil, what is the mat
terY asked Gerald.
81 shouldn't think you would ask
me what was the natter said the pen
Gil as it squeaked in a sad little voice.
"'Why notY asked Gerald. But the
moment he had asked the question he
knew the answer.
1.-THE pencil answered him just the
| same. You think I am to do your
work. I will work but | must be guild
| cd and directed. l cannot think. A
pencil is not supposed to think. A boy
is supposed to do that. merely write
down what YOU think is correct, anC
goodness only knows 1 often feel very
badly when I have to write down 81
| sorts of wrong answers.