davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Why the Port of New York
Is Among Worlds Greatest
Has Greater Water Frontage Than Several of the
Largest Ports in Europe Together; Facilities
Are Lacking Here, Net 1t Predomnates

shipments, know that when their goods
are sent TO New York they Will move
to their destination with greater celer-
ity than via any other tdewater
point. If they miss one vessel another
will probably sail to the same destina-
ton within a few days. Whereas at
other American ports goods might be
held a matter of weeks or even a
month or more before being forwarded
Imagine the interest charge on capital
invested in commodities thus DELAYED
to say nothing OF the Inconvenience
caused sellers and buyers by such
delays
Ports of Unbalanced Traffic
1t follows, therefore, that the pru-
dent ship owner or charterer is careful
to see that his vessels ply between
ports that are able to furnish attractive
cargo in and out. Some notably
on the Gulf and Southern Atlantic
are in position to furnish vast quaint
lies of export "full cargo freight" such
as cotton, wheat and oil, but attract
very little import or return cargo. The
export cargo must therefore be sufi-
GENTLY attractive under such circum-
stances to vessel operators to justify
the possibility of a return trip empty
or sin ballast"
The commerce of such a port is un-
balanced. Galveston is noteworthy
example. While her export freight in
1913 totaled S194,OOOO0o. her import
freight amounted to only $15,5OO 600
The commerce Of New Orleans is much
the same. likewise Mobile, Savannah
and Norfolk. In the Northern ports
this unbalanced traffic is less pro-
nounced.
With the Fort of New York condi-
tions are different. The ability of this
port to furnish cargo IN and out has
given to it a position Of prominence,
with the result that steamship com
panies from all parts of the globe main
tain regular sailings to New York, de-
spite higher port charges and possibly
inferior terminal facilities. Her So
cial, industrial and commercial SUI
periority not only make possible the
most frequent sailines and the best
freight service to all parts of the
world, but an even greater superiority
of passenger service. This might be
said to be in accordance with the words
from the Good Book. unto him that
hath shall be given" The very fact
that the port offers such overwhelming
advantages Is in itself the best protec-
ton that she shall b able TO maintain
her prestige
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Midtown Loft
Buying Feature
OF Days Trading
<
Brown Sells in 18th Street.
Hensle Buys in 18Th
Street and Calewski Takes
a Parcel in 2O.h Street

Byrne Bowman have resold for
Frederick Brown to the Wheichnann-
Harte Realty Company, Victor Wheich
mann, president, 10 West Seventeenth
Street, a twelve-story loft building on
psot 3ox92. In part payment Mr..
Wheichmann gave plot of lots at
Bayswater, Far Rockaway, valued at
$50, 600. This is the second twelve
story loft building purchased by Mr..
Wheichmann from Frederick Brown
through Byrne & Bowman, the first
being West Twentieth Street, which
he has since resold.
Byrne & Bowman have also sold to Is
West 18th, Inc, Chas. Hensle, pres
ident the nine-story loft and store
building at II and IA West Eighteenth
Street, on plot 53x92, for Herman
Woog.
Goth St. Loft Buyer
The eight-story loft building, on plot
40x92, at So and SO East Twentieth
Street has been purchased by Charles
Galewski from the estate of Olga
Wirthaus John Fl. Leddy negotiated
the sale
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Pessinlistic View Has Almost
Vanished From Loan Market
Great Buying and Renting Movement Has none
'i"cn 10 heV've Interest in Mortgage Invest
ment; No Loss to Big Mortgage Holders

lt without penalty for income or othsr
TAX, Whlie the city owner under present
cohditons Is barred entirely from this
source or supply and is driven TO in
suOut'ons such as savings banks or life
insurance companies which cannot Of
ford to make the loan at a low rat. If
interest while the market is so full Of
lifst class bonds returning materially
higher rates '"''S
Money Conditions Improving
" nile the financial market Ia tn n
eons,iaeraoie extent upset by after-wsr
CONDITIONS. am of the opinion that
me general situation for mortgage
lenders Is gong to improve continually.
ana II NE proposed legislation is sue
cessfu!ly carried through there is No
reason why mortgages should not Ia
viewed with favor by individual as wall
as otner lenders, as they have been In
me past, tor they have certainly stood
inc test OF time much better than anv
other class Of investment.
Interesting Comparison
IN statement which made several
years ago pointed out the exact
amount of money that was invested nv
a certain number of savings banks In
New York City in bonds, also in mort
cages, and the cost of the propertv
which they had taken under foreclo-
sure, and made comparison with the
pond investments of the same institn-
tions, showing that, even If the total
amount which they held in foreclosed
property was entirely lost, their mort-
gage investment still stood ahead cf
their bond Investment. Soon after thfs
the situation changed and the institu-
tlons largely increased their holdings
IN foreciosed properties
Premier Investment
am glad to say that. pen.r.,,x
these properties have been sold. n
many cases at a very considerable al
vance over cost, and I believe to.6sv
mat the institution that can show A.
actuai loss from this source IS ths e.
cept'on to the rule. know Of on.
case where bank foreclosed a rron.r
~ at cost TO It Of about sion don
afterward sold for over $4,000 Th;s
instance Is not typical, however. al.
though 1t IS by no means the only cas-.
as know Of many others where the
property has been disposed OF at q suns
stantlai advance over cost
A mortgage investment csrsfu,lx
made on New York real estate toN ~
stands. - hsrstofors, the rremisr
vsssmens Sos sursty and PetuxN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
By Frederick P. Fox

President Of Frederick Fou G. Co..
Inc.
:. Upsets in the sporting and financial
lines have not been the only tones of
interest during the last year, for it.
has only been during the last twelve
months that the offering Of real es-
tate to ones friends was not consid-
cred IN the nature Of an insult.
A tradition that has been broken in
real estate trading lies outside Of the
relationship among brokers.
Four brokerage concerns who have
been recognized leaders in the various
mlgrations of the garment trade. COW
crlng period Of the last two decades,
were 30 thoroughly interested in the
nnal settlement of the manufacturers
and so thoroughly in sympathy with
the spirit Of the merchants and house
holders who were alarmed by the in
Ilux OF the garment workers into the
ruth Avenue retail section that thew
laid aside all spirit of competition and
trace antagonism and formed gentle
mems agreement to work as a unit in
the Development of a particular section
of the city so that the garment trades
could be properly housed and the
enormous growth of the industry could
be provided for.
Plan Industrial City
In conference with the leaders of
the various trades COMPOSING the oar
mcnt industry. section Of Seventh
Avenue from Twenty third to Thirty
eighth Street was finally agreed upon
as the ideal portion of the city provid-
ing the necessary requirements of ac-
buyers market represented by the
great hotels and convenient to impor-
tant railroad terminals, such as the
Pennsylvania and Grand Central, and
within easy distance of shipping points
and postal facilities
The associated brokers, He'll g. Stern.
Frederick Fox g. Co.. Spear & Co.. and
Zoltan Friedman, proceeded to collect
the necessary plottage from individual
owners and to interest investors and
builders who would be willing to pro-
vide floor space to meet the demand
OF the prospective tenants. This was
done by securing a number of different
sites on Seventh Avenue below the
Pennsylvania Terminal, two of which
are the block fronts, Twenty ghth to
Twcnty-ninth Street, on the easterly
SIDE OF the avenue, and the block front,
Thirtieth to Thirty-first Street, on the
westerly side of the avenue.
Two twenty-story buildings Of the
very latest type Of commercial construc-
ton are in progress of erection on
these blocks and will furnish floor space
with unusual light facilities, having
two corner frontages as we'll as the
setback required under the new zon-
ing law. and in addition these build
lngs Will have unusual facilities for
shipping, which is expected to solve the
problem OF the manufacturer whose
business requires more than the ordi-
nary amount of shipping space.
Four Buildings Planned
Above Thirty fourth Street, on the
westerly side of the avenue, the CO.
operative organization of manufacture
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
l70 East Side Dwellings
Sold Since September

The magnitude of home buying
activity in this borough may be APP
preciated by the fact that since Sep
TENDER /, when folks started to turn
from country to city life, 179 dwell
lngs east and south of Central Park
have been sold. At least twenty of
these houses sold for more than
100000 each. 1t is estimated that
two houses on an average have been
sold every business day between the
first day of September and the sixth
day of this month. The dwelling
house market is essentially invest
ment, and is due chiefly to the great
shortage of apartment accommodate
tions of the best type. When folks
found that suites were not to be had
they had no alternative but buy
dwellings il they entertained the de-
sire to live in New York. The
changed order Of things is regarded
by real estate men as a blessing in
disguise since it has forced folks out
OF the renters class who could we'll
afford to be owners. The buying was
practically on a cash basis 1t is
estimated that many millions of dol
lars have been invested in homes in
the fine East Side dwelling section
this year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28

specialist IN Water Front Realty
There is no danger of going long
on piers in this port" said the head Of
one OF the largest steamship companies
recently to the writer. This epitomized
III single sentence was comprehen-
SlVe estimate Of the port by a far
ssghted, well informed business man.
lfee from political bias and party
prejudice.
We are told that the water frontage
OF greater New York totals 57S miles.
rhd that the water frontage in the area
A,own as the Port OF New York" to
'ais III miles. To impress upon US the
ssIenineance Of these figures we are in
-ormed that the water fronts of Ant
werp, Amsterdam, Rotterdam, Ham
Sure' Liverpool and London combined
York.
a startling comparison indeed, and
wen calculated to cause the loyal Knick-
erbockerite to swell with pride. There
70 uanger, however. that we deceive
ourselves into thinking that the geo
Siaphlcal prominence of the Port Of
Ne" York is the measure of it's COM
raeiee as compared with the commerce
"" combined ports above mentioned,
mere the comparison fails.
True 1t is that approximately SO per
s.nl or the water borne commerce in
. sso out Of the United States passes
through the Port of New York This
80, 80 the obvious result of many con-
.r'outlng factors. New York is the
nNsntlc terminus OF eight great rail
,Vdo systems, bearing to and from its
ss"ofes more tonnage of diversified
rae'ght than any other group of rail
,oaas IN the world Freight seeks the
poI' which is not only within its
n na.ura traffic radius and equipped
Jun the best terminal facilities but
sue one that also offers the greatest
~. lumber Of regular sailings to foreign
rnu coastwise ports While other
porls may attract considerable ex-
poit cargo freight" they do not at
h"c' spending return cargo,
s "ence comparatively few regular
Why Firms Are Coming Here
In addition to the large tonnage
yormaliy seeking the Port of New
aork' many manufacturers and ship
re.s located outside its natural traffic
iasolus, with a freight differential and
Aes"'er port charges against their
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
By Edwin c. Benedict
OF Charles +. Noyes Company

N'$fft
The resumption of real estate buy
ing IN New York City is proving q
boomerang to the pessimistic views
taken by mortgage investors as re-
Gently as two or three years ago. Not
Wlthstandlng the fact that income from
mortgage investments is not Tax ex
empt, and first class bonds. even gov
efnment bonds, are selling practically
at per cent or higher basis, there
nave been more inquiries in the past
re" months for mortgage applications
by lenders than at any time since
the resumption of activity after The
panic of 1907
The source of supply for mortgage
money has been reduced to point
where practically the only lenders are
those investing institutions whose in
come is exempt from Federal income
tax. Trust companies acting as trus-
tees, estates and individual lenders
are with few exceptions making no
loans. Life insurance companies and
savings banks, which for the past few
years have been investing in govern
ment securities, are generally in the
market, and there seems to be M
limit to their funds. They are. how
ever, selecting their security with
great caution. and in order 70 pass
muster the security offered must quail
fy very highly
In most instances the lenders re-
quire amortization payments VARYING
in amount according TO the character
OF security, but generally based on ap
proxlmately 2 per cent per annur
In view of the splendid renting Sit
uatlon this Is not so much of a hard
ship as it was feared it might be sew
eral years ago when the proposition to
amortlze mortgages began to be in
sisted upon. 1t is to be hoped that the
contemplated legislation exernpting in
come on mortgages up to a certain
amount will be successful.
Cheaper Money for the Farmer
1t seems unreasonable that farmer
N Orange County can borrow money
at lower rate and on better terms
than a property owner in New York
City. Nevertheless, this is the case
the reason being that the government
through its land bank system aids the
farmer in getting a conservative loan
on his property, then practically guar
anteeing payment Of principal and in
terest and permitting 40 investor TO
purcnsss the mortgage ~ . portion ct
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Buy Riverside Drive Corner
Builders Plan to Erect Apart
ment on Site at 147th Street

Palermo Bros. (Joseph Palermo
president and treasurer) have Dur.
chased the northeast corner Of River
side Drive and 147th Street, a plot BOX
100, and plan improving it Immediate
ly with an apartment house consisting
of small suites.
They have now also under construc-
ton thirteen-story apartment house
at the northeast corner Of West End
Avenue and 103d Street, and have Just
completed the apartment house at the
south corner Of Riverside Drive and
146th Street.
w. w. Babcock, Of tho DUFF a Brown
Company. nsgotiatsd tho saie Of che
Riverside Drive property
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
MOntcIair Home for Baker

Harold A. Baker, broker of this city,
has pure hascd from Mrs. H. H. Wilcox,
the residence at 8 Westover Road,
along the western slope of the noun
tainside and near the Montclalr Hotel,
MontcIair, ~ J.
The residence is one Of the most
attractive in town and contains ten
rooms. three bathrooms. palm room,
acre Of ground, we'll handicapped. The
Frank Hughes Taylor Company was the
broker.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-02-12
Would Have Government Ac-
CURE Roads and Operate On
Proft-Sharing Basis.
83;R:Ec;T7EERHOODS 3;: {; MAKE ]
DRASTIC SUGGESTION;
Railroads to Be Purchased at
sssssg
Fair Valuation and Operated
By One Big Company.

Washington, Feb. RAILROAD la
':i' interest today proposed govern
Int ownership and private operation
:. ane large corporation. comparatively
G@ased and sharing profits with en-
10: eos as their solution OF the rail-
"a problem, in testifying before the
."a1te interstate commerce commit
e en- behalf OF the four leading
:s.~mea's brotherhoods and other
= .lov@e< organizations. Glenn E.
'l1;l OF Chicago recommended that
ae sovernmen. acquire all railroad
,ro2erty 1T a price fairly represent
u- Of the physical valuation, for this
,,.rpose.
It was argued that thu plan pro-
lcs cheaper financing and would
.i-e stability of income to: security
3u-rers. promote efficiency OF opera
an through sharing profits, remove
,.i!~oad operation from partisan poll
5cs. compose conflicts between federal
Rate authorities, keep rates at mini
IN, eliminate complication in rate
chcGules and provide the means of
!, ak ;ng communities bene4lting by ex-
,-,,e.ons pay for them. The corpora
on would also be subject to regula-
on by the interstate commerce COM
. saicn.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-02-12

Columbia. Feb. S.-A meeting is
l7e,4iey called q lal:c prope:, and ef-
tcet.ve measures TO limit the acreage
.nG production OF cotton in this State.
The low price for cotton which We
NOW have makes it indispensable that
action be taken TO definitely and sub
atant:aiiy limit the acreage for anoth-
q. ear This is deemed important
10th as it affects the large amount
Il cotton in the hands CT the farm
crS aad the merchants as we'll as the
price which may likely be Obtained
fu,. the crop to re raised this year.
= a large crop is planted forIthe
co1cine year in the cotton growing
oelt with promise Of a fair Eie:d it IS
certain that the pricc fo1 the c:';a
planted viii hnavil::- ane,,:;s:c 81; ;sll.
iiiSe'y Eiel3 4 1r.ee 5c,ov: rs cost -.
,,re.s:isc:io... 4 = c."ta.n that un!cs@
there i, :! !;<.sssy !.,duct:n:l ot the cot
to.: :.c:-,.:..-,, ~; $50 .: ',le fertilizer
t:leIn can 20 10 hopc IS sta:oilizine
The pr;na O.: cotton '"1sola but on the
co,2,.::r,, -!1era would be every reason
~ ~! s,N''!! u! -! me III lA'S
,.:-ie1, -! tie growing crop.
Il should :.,Ci,irc 10 argument to
3e!aolst1a;n tha; 8 moderate crop o.
.ea c.l;llioa ha!ns for the year 1919
VIII bring more money than q crop OF
fifteen r3illioD bales. tn. cotton trade
ne aatura!ly is and VIII De advised >of
the acreage planted ard If it seems
a,-:dont that there is to be q large
crop the price Of cotton get unso!d
NAY be Adversely affected. It ought
II 20 and is to the interest not alone
OF t!,a producer but TO the financ:a!
in12stria! and commercial interest Of
.:ic couth as we'll as Of the nation TO
crevent such a decline Of the Soutlls
GREAT staple rs that would ,neGn
Bankruptcy TO the producer and
stagaat;on OF its business.
There is and has ;oeen . heavy de-
.aand for food products Of al sorts
and conside cradle d;vers:fcatior cc
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-02-12
Reduce Acreage
Urges Harris
>ays Contest Will Determine II.
deneadence Of Cotton Farmer.

Columbia, Feb. S.-Commissioner;
!.arris is keeping watch over ev-
~ increment IN the fight upon the,
~.:cn Of cotton. He has been very;
rurh interested in a report that some,
,f the cotton mills had given the re-
uirAd advance notice that they in
md to curtail their, production and!
@-:,l suspend two days out Of the!
vees
'"--aey will be forced to do this, i
I'D Commissioner Harris, because;
;5ev have not the cotton to spin.
., have just received a telegram|
rom Fred W. Davis. commissioner
{ Agriculture of Texas, stating that.
.ud:e w a Ramsey, agent Of the;
eGe.al reserve beard, has mad aAesseg.ess..; g.es.;
ror q mass meeting to be held att
.fal'as on February II for the pur-j
e<.se Of reducing the cotton acreage;
aticalIy, as it is Of vital impor-i
-.rco.
The spinning and speculating
.u;l,; IS determined that the South
nall not have a voice in the pricingI
i cotton. TIE surcst way to settles
SIS question. now and for all time!
: 20 reduce the ccreage to famine
:urn'v:: this will teach them that wef
- Tot so thick headed as they;
.:.i,?'; ana that the South can be de-s
.a:.aad on to conduct her business ins
business wav-not only in holding
." cotton. but in reducing thea
zero" Ge and fertilizer.
"I have been in communication with
-.,s=ral lcree firms ard they state that /
:. :n:s date everv year they have
.ela more than 200 carloads Of fer
.iizer and this year. I'D TO date, they
arc sold only TWO carloads. 6
cat the acreage and reduce the
er.i izers These two things will .
:a.h ou~ wou'd-.2e BOSSES a great les
on wan; to say to the farmers:
y, know the remedy and it is up to :
IL TO apply it. If had as sure a
.e:n@dy to cure fit would have to
2:.v~ 1000 clerss and stencsraphers 5
o h#n;;ie my business.
..Ev-c arc preparing; 10 issue a call
or :; State :ncet.aS TO be held here !
y Co'un2i,:a on the 13ta, and hope :
hat there Will be representatives !.
rom ever county in the State. as now &
the tine fnr action-not resolu- Z.
.!o.s This cal! Will be signed by
he governor oc the State and by the
,eads OF several organizations. Mr..
'!arGing. governor Of the federal re-
.erva bo"rd and practically 4 mem
or Of the presidents cabinet, will be
acre that day'. !.
1T seems to me that we are Win s
1i.g the fight The fact that the
Dinners are announcing a curtailing
# production and are laying down
without struggle in some sections
.nd are accepting the eight hours day
l.ows that the formers OF the South
>avc Broken the 'Hindenburg line
'5aGd behind vo:lr guns, and we will
axe the field" +
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-02-12
COTTON ACREAGE MEETING NEE
Situation is Most Serious and State Officials Call
Farmers, Bankers and Business Men to
Confer ON Problems

;..r.:. products Increased acreage o.
,;,,:t! :rvducjs woui6 within reaso2-
-. ,.f,i!tabIe and desirable. 1t IS
,..5:.,>.,ll plated that a. tbs meeting Of
fec$ive steps viii be taken to thor
cughly organize the entire State for
the purpose OF reduction OF acreage
and fertilizer It IS believed that
this movement 2ircad!- taken III ce:-
tain sections VIII spread over the en-
tire state and that it is and should be
possible to 50 limit acreage as to as
s:,re a moderate crop.
II IS OF the utmost Importance that
there should oe a further representa-
.icn Of all agricultural financial and
commercial interests IT Inc meeting
hereby called. Il M be difficult to
.aake the meetirc: wholly a delegated
80 but It is ncped that the farmers,
',a2lters and business mon of the stat
sill largely attend Tie meeting VIZ
40 open for s1recst;cns from every ro
SDectahle source and earnest and
prompt action IS indispensable to save
tho State
The press IS REQUESTED 10 give this
UCt'S' d W4tS )UtI.tSAtS anu w ~
operate to make the meeting a sue
cess. The governor Of the state. tila
state department. Of agriculture. tnf.
:fail.aers v-,1ion the bankers and
business men Of the State have Civ
on evidence Of their cooperation
20 c,a.reenc. IS greot and the need
c,.o>l greater. We :.:.2.us; oct IS orc
man
TO :>'cat;ne VIII be held at Colu"l-
bic THURSDAY. February 18th. a. y
O'Clock nocI
:(signeal Gov z. a Cooper.
J. II Claffy.
President State Farmers Union.
=. Harris,
Commissioner OF Agriculture
J. S. Wannanaaker.
President Bankers Association.
j. D. Mot,
President Chanher CT Commerce Of
Columbia
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-02-12
TEIECOIT0N|Il'A " Az
ON IN EARNEST !!
Claimed That Mills Are Shut
ting Down in Order to
Break Market.
FARMERS ARE URGED
TO HOLD FAST
The Fight VIII Be Won if the
Farmers Stick and Reduce
the Acreage.

Columbia, Feb. S.-"The farmers
are beginning to win their fight, said
Commissioner Harris today.
~ az, just in receipt O; authentic
!atorination ti2ai the cotton mills CT
North Carolina have aged 10 curt2:.
Their production, cutting it il half,
II = s ,nears bat o:le ti.ing. 'i2ey are
out Of cotton and are afro-d to go
10 ,he marie, for stocks. | nave
stated heretofore that their easy &c
pIioScc.cr IL the demand foc @n )
aau: cay was .ne-e:y 70 iag.2, the cot
ta,: :aTn4er THIS acton IN North
;'>:ci:.la helps 20 prove It.
- also have official Information thai
:Le sale of fertilizer n South Carolina
* hut - per cc.t CT normal. This
s;.oy& that the f1rmers ere sticking.
J aprea! 70 everv count: to send q
strong delegation 20 the n:ectinGc
;l,re next Thursday called by Govern
or Cooper myself ard others. Let rs
10 something final then