davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-05-11

vitality interested in maintaining values
and encouraging the holding of real
estate. On the contrary, it is their
consistent policy to do so, and they have
lost money only when they have in
dulged that policy too far.
The margin between the mortgage.
especially the second mortgage (and by
lar the great majority of the fore
closures Mr.. II. complains of were fore
closures of second mortgages), and the
full value Of the property is often so
narrow that the owner is frequently
tempted "to sell it to the mortgage
This he does by milking the prop
erty'-i. e., collecting the rents up 10
the last possibility, the while neglecting
or refusing the payment of interest.
taxes, public service charges, etc, until
such time as the mortgage wakes up
to what is going on, and for sclf-pro-
lection proceeds with his only recourse.
foreclosure. Almost invariably he
finds that he has delayed too long; that
ne is "stung' with property costing
him more than it is worth, even to the
victim" of this cruel foreclosure.
Foreclosure Invited
An analysis of all the foreclosure
proceedings since 1907, the date at
which, according to Mr.. Hirshfield, the
institutions began to discredit the hold
ing of real estate, will show that at
least nine-tenths of them have been of
the class described.
Mr.. Hirshfelds secead cause of the
housing shortage" is not less disin-
genuous than his first Certain "dol-
lar-a-year profteers and the officials
who, by reason of the war, were placed
in high, important positions, either
were interested too much in other d-
rections" (can he possibly mean the
Dem mocratic administration at Washing
ton?) or by reason of inexperence
did not foresee what was apparent to
many of US, namely, the coming short
age of housing facilities which was
bound to follow the constant increase
of population in industrial centres. For
had they foresecn that or had thew
paid any attention to it, they would
not have cut off all supplies from the
building trades, and would have per
mltted reasonable amount of build
ing to go on. l venture to state that
had they pursued the latter policy the
people of the City of New York and
of other large industrial centres would
New-York tribune., 1919-05-11

any space on the market for rent That
which will come on the market through
the expiration of leases during the next
few months is so limited that it will
have little bearing on the demand in
the downtown section and will be con-
sumed as rapidly as it appears on the
market. Every real estate broker op-
Grating in business property holds
commissions from large and small CON
Germs for space which cannot be had
on leasing terms. These concerns will
eventually come to the conclusion
reached by others that there is only
one solution, and that is to buy.
Buying Movement Has Spread
The buying movement has spread all
over the city, 1t started in the export.
ing and importing districts along the
lower East River waterfront. About
the first of the year it developed in
the Wall Street district, and since then
it has spread north into the Fifth
Avenue zone. The space problem up
town probably is not as acute as down
town because of the greater possibili-
ties for intensive and extensive dcvel-
opment there than downtown.
Above the Battery Manhattan is a
half mile wide and at Fulton Street it
New-York tribune., 1919-05-11
Confident That New
York WillBe Great
Commercial Cen
tire of the World
Many Concerns
Now Seek Perma-
nent Locations

The commercial integrity of a city
could not be given a finer compliment
than that bestowed on New York BY
large and small business interests in
the last six months. Unconsciously,
they have displayed to the entire
world unquestonable confidence in the
present high business position of their
city and have expressed a certainty
that it will develop to new high trade
levels as a result of the great war.
Business concerns have been buying
real estate, not for speculation or be-
cause ;he realty market is in the throes
of a boom, but because permanency of
location is desired and regarded as a
commercial necessity.
Not for many years has the business
man held as prominent a place in the
realty field. His investments since
the first of the year are without pre-
ccdent and the buying is based on the
most substantial foundation that could
be desired, confidence in New York
and it's business future which to every
business man looms larger than ever
before.
Business Looks Before 1t Leaps
III must be borne IN mind that the
business man is a calculating gentle
man who invests his money for the
business advantage and the financial
profit that it will bring him. He is
creature in whom the material side
IS more highly developed than the SEN
timental. He has invested in New
York real estate because such invest
ment means an advantage to him. He
has made up his mind that New York.
although one of the greatest cities in
the world, is on the high road to
greater things, and that it will not be
long before concerns in every part of
the country will find it business adj
vantage, or even a necessity, to have
headquarters in New York
The movement toward New York is
IN progress already. The New York
dailies contain trade propaganda for
foreign parts directed from headquar-
ters here. Before the war Cuba and
Argentina and other countries did not
think it worth while to place before
The eyes of New York their investment
advantages. New York then was not
an international financial centre. 1t
was great money centre, to be sure,
and many projects, even for foreign
New-York tribune., 1919-05-11
By John L. Parish
Secretary Title Insurance Under
acriters OF NeaU York

aCriters OF NeaU Yorb,
In the presence of such an emergency
as New York City is confronted with
at this time in the deficiency of hous-
ing accomm odations for the people
who want to live here, every particle
of criticism that can help toward the
meeting of that emergency and the
solution Of its problems should be well
come.
1t is all the more harmful and en-
barrassing at such a time to have such
screed, such tumble of misrepre-
sentation and alien propaganda, appear
as contribution to the discussion, as
that which appeared in some of the
papers last Sunday under the name of
Commissioner of Accounts Hirshfield
of New York City"
Hirshfield Disregarded Facts
Mr.. Hirshfield knows so much about
the general subject that it is unfor-
tunate he did not know little more.
for then he would not have written
what he did, unless he did not and does
not care for the facts, and wished
merely to gain favor (and votes) among
the unfortunate victims of the lack
of housing, and so drew upon an evil
imagination for his iacts
IL is, for instance, gross exaggera-
tion OF the facts that 1.-THE title com
New-York tribune., 1919-05-11
Realty Drive Goes
Over the Top
With $9,OO0,OOO
Alfred E. Markings Division
Makes New Record by
Getting $3,OOO,OOO Over
Its Quota of S6,OOO,0OO

Alfred E. Marling, chairman of the
Real Estate Division of the Victorv
Loan drive, estimated last night the
total subscription for the division at
S9,000,000. He said that it would not
be possible to get anything like a def
mite total until Monday, as many sub
scriptions obtained during the day
would not arrive at headquarters until
then. "From information that l have I
estimate $9,0000O0 as the total for the
realty drive" he said
At noon, when the last total was
taken, the figures were SS,657,S00.
Since then more than $4,000, the
amount needed to make the total
$9,OO0,000, has been received. During
the forenoon $512,7O0 was added to the
drive.
Courtlandt F. Bishop added 100000
TO his former contribution to the
brokers' drive. The Corn Exchange
Bank sent in a subscription of $780,
600, covering it's real estate in New
York, and the State Bank subscribed a
similar amount through Elisha Sniffen.
The Gotham National Bank also
backed the brokers' drive with $50
600 subscription. William Trotter,
president of the Harlem Savings Bank,
gave the Harlem team a substitution
for $4,000; the M. Fleischmann Com
pany added $4,000 to the drive;
Charles S. Lyons, of L. J. Phillips &
Co., who subscribed several days ago,
helped to bridge the gap yesterday
with an extra subscription of $1,000
William R. Walker gave $4,000;
George Rosenfeld, $4,000; Willard S
Burrough, $4,000, and the American
Sugar Refinery Company, $25, 900, which
Is one-half of l per cent of the
assessed vafue of it's property here.
Brooklyn, which is known to have a
Pig total to report. was still to be
heard from last night
II the total is over $9,OOOO 900. as Mr.
Marllng is confident, the brokers will
not only have secured their quota but
oo per cent more than they were asked
to get. They were originally asked
Tor S5,00O,000. They did so we'll at thn
outset that the Liberty Loan committee
raised the quota to $4,000, 600. At the
time Mr.. Marling told the committee
that ne was sure that real estate would
DO all expected of it, and it has. he
TOOK pleasure to remind the committee
last night when he gave his estimate
OF what his divisions total would be
New-York tribune., 1919-05-11
Fine Hotel Planned for Restricted
ke'u Gardens; VIII Cost $500, 900 10 Build

David II. Knott, Sheriff OF New York,
and has brothers, proprietors Of num-
Der Of family hotels in the city, have
turned their attention to the suburbs
Tor the first time and are to have a
hotel at Kew Gardens, in the Borough
OF Queens. The building will be one
OF the best Of it's kind in this part of
the country. Although definite cost
hgures are not available at this time,
me estimates made by the Fred f.
french Company, which has the build
ing contract, indicate that the project.
,sl wlth the land, will cost over 100000.
inc building will be erected for the
nhot, BROS. by an investing corpora
ton which has been formed for the
New-York tribune., 1919-05-11

purpose. This corporation has pur-
chased a plot of $4,000 square feet,
fronting on the Queens Boulevard,
Union Turnpike and Kew Gardens
Road, from the Kew Gardens Corpora
ton as site for the hotel, which will
be the first building of this type to he
erected in this restricted residence
ineighborhood. Ground already is
broken for the foundation.
The structure will be colonial in de-
sign, of brick, four stories high, To
carry out the Colonial idea the building
VIII be built toward the rear of the site.
facing on Queens Boulevard, with the
intervening space laid out in conven-
tional paths and lawn. There will be
2lZ patrons rooms in the building.
The hotel Is to be operated for
FAMILY use. as are the others conducted
New-York tribune., 1919-05-11
Hirshfield Charges Against
Real Estate Refuted
Statements Made by Commissioner of Accounts
Said 10 Be Misleading - Accused of Play
ing for Public Favor in Attacking Owners

panies, the real estate, bond and mort
gage companies, the savings banks. the
il1e insurance companies and all the
other institutions which make it a
business to lend money on real es
tate, after the panic in 1907, instead
OF assisting real estate owners and
helping to maintain real estate values.
discouraged the holding of real estate
by insisting upon part payments of the
mortgages which they held on real es-
tate, with the result that foreclosures
were many, and with the exception of
few cases the purchasers at such
foreclosure sales were the plaintiffs in
the actions
Stretched Resources to Help Realty
The facts are that the number of fore
closures in the period referred to would
have been many times greater if the
institutions Commissioner Hirshfield so
stigmatizes had not stretched their re-
sources to the utmost in aiding bor-
rowers to meet their maturing oblipa-
tions.
1T was only where owners had lost
faith in their own properties and would
make no effort toward meeting their
obllgatlons, but practically abandoned
them to the mortgages, that the mort
cages were foreclosed. In practically
every such instance the owner could
have had his or her property back by
paying what was due upon it-could
even now, if the property has not been
sold to third parties. Much of it has
been sold and at loss, to the fore
closing company. Sympathy for the
borrowers under these conditions is at
the least, misplaced.
Only an ignoramus would assume that
lenders on mortgage were and are not
New-York tribune., 1919-05-11

accommodations in internationalized
New York, the great trade and moneyed
centre of the world, as it is coming
to be.
Old Centres to Be Changed
Exigencies will force the intensive
development of property east of Will
lam Street and perhaps west of Broad
way and north of Fulton Street. The
heart of it all, however, will be the
triangle in which already are grouped
the big American and foreign financial
and trade interests.
Purchase of the Empire Building on
Broadway by the United States Steel
Corporation for S5,OO0,0OO in cash was
perhaps the most momentous instance
of the activity of business men in the
realty market. The action of the steel
corporation may be accepted as recog-
milton of the absolute necessity for
large business houses to have homes
in New York, and such homes, too, as
cannot be taken from them at the end
of a leasing agreement. Perhaps the
insecurity of such occupancy might
have had something to do With the steel
corporation purchase.
1t occupies large SOace in the Fm-
New-York tribune., 1919-05-11

pire Building and if possession had
been continued under renting plan
the company would have had to pay a
rental that would have been inordin-
ately large.
Just before the steel company bought
the Empire Building the Canadian Bank
Of Commerce, which has been a tenant
in the Post Building at Exchange Place
and Hanover Street since 1872, pur-
chased the property which was in the
market, and might have fallen into the
hands of an owner who desired the
banks premises.
Crowding Fifth Avenue
The spread of the buying movement
to other sections is most noticeable in
the Fifth Avenue district. The Guar
anty Trust Company found the onlv
solution of its space problem was the
purchase of a building through which
it could expand as needs required. The
trust company occupied leased quar-
ters in the Postal Life Building, at the
southeast corner of Fifth Avenue and
Forty-third Street. With great busi
ness in sight, the company made every
effort to increase it's space in the
building. 1t took premises in the
New-York tribune., 1919-05-11
A ctivity Which
Started i'm Love,
Section Now Visit
the Fifth Ayenn.
District and Grad,
ually ads
Throughout Civ

hold these until an eight-story bn;,,
ing at and 8 East Forty-fourth Ssssa, Sss,
is completed for its use. The conssss msssss
bought the realty about two .sIa mossta
ago a +ha and s;a has ordered the improvement
plans to use almost entirely for sa n !
business. wi rs
There is a story that the New w.,
Trust Company has the Hermsus'ss su's
pelrlchs 1;ftl corner at Fifth Avenue ssS sS
which will give it the privileess sAs !
purchase. This, of course, is ss ess,'s .
The full details of the arranssmss. sss'p
which the trust company has made ~
the corner have never come to ia. IL /.
rms IS the first uptown branch estss sen
pany and means nothing less than Vva' va
ognition by the officials of the eynss sss'
sion of commercial New York and fss. ~.
certainty that larger business is ahsss saS
New-York tribune., 1919-05-11

by the Knott Bros. 1t will contain
all the features of the best New York
hotels. Tennis courts are to be pro
vlded, while near by are several we'll
known golf courses and the facilities
1or recreation offered by the Kew Gar
dens Country Club.
The hotel will be operated by the
Knott Bros. under lease made with
the investing corporation. This lease
was closed yesterday and is for TWEEN
ty- one years.
The Fred F. French Company, which
designed the building, has been Sc
iected as architects, engineers and con-
structors because of it's connection
with high class suburban and urban
operations.
William A White & Sons arranged
the financing of the project.
New-York tribune., 1919-05-11
Dula Building $4,000
House at New Rochelle

K. B. Dula, vice president of the
American Tobacco Company, is HAVING
u $4,000 residence constructed at
Soundview Avenue and Ridge Way,
New Rochelle. The house is 1o5 feet
long and will be one Of the finest in
that section Of Westchester.
Mr.. Duia is planning other costlv
houses on his property.
Thomas Simpson is planning to erect
a nome Tor his son, Thomas, at Sterl-
Will be started at once
New-York tribune., 1919-05-11
Operators Purchase Old
Buildings i'm Broad Strea

The Alliance Realty Company, Ws.
ter 7. Rosen, president, has purchased
from the estate of John G. McCullough
and Frederick B. Jennings the properly
at 43 to II Broad Street, a plot 6sx
140. The property is now occupied by
four-story buildings. The plot is situ-
ated little to the north of the prop
erty recently purchased by the Sea-
board National Bank, at the northeast
corner Of Beaver and Broad streets.
New-York tribune., 1919-05-11
Langdon Harris Plans
Costly Mill Neck improvement

Thomas II. Todd has sold for Frank
Z. Jennings, of Mill Neck, Long Island
to Langdon Harris, of this citv. nine
acres of land at Mill Neck. Mr.. Harris
IS having plans prepared to build .
Sl0O,OOO residence on this nronertu
New-York tribune., 1919-05-11
House at BrigIhtwaters Sold

Badgley & Brewster have sold for
the G. l.: Lawrence Corporation cot
ttage on Windsor Avenue, Brightwaters
Long Island, to Eugene V. Brewster
New-York tribune., 1919-05-11

1t contains ten rooms and three
baths, with modern improvements and
unusual conveniences; open fireplaces
New-York tribune., 1919-05-11
Greenwich Village House Sold

Van Vliet g. Place have sold for
William fl. Sage the four-story build
ing at 541 Hudson Street, on lot
16.6x50.
New-York tribune., 1919-05-11
Brooklyn Realty Firm Expands

buring Swan have taken over tb.
real estate business of Robert A
Wright, at 254 Tompkins Ayenue'
Brooklyn. 'o"uo'
New-York tribune., 1919-05-11
Buys Staten Island Cottage

Cornelius G. Kolff has sold for ths
Narrows Improvement Company
through ". J. Smith, the new brict
and frame dwelling on Hope Avenue,
Fort Wadsworth, Staten Island, to r.
Goubert
New-York tribune., 1919-05-11

and several porches. The house Is %
a plot 80x200 feet. 1t is near the hotel
and Country Club.
New-York tribune., 1919-05-11
Segerin A. Breeding, of This City, Buys
attractive D,Uelling at Gedpey Form

The Gedney Farm Company has sold
to Severin A. Breeding. of this CITY. an
attractive Colonial dwelling located on
LlttleJohn Place, Gedney Farm.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-04-11
ANOTHER
LOUISA CASE
1T PROVES THAT THERE'S A WAY
OUT FOR MANY SUFFERING
LOUISA FOLKS.

Just another report of case in
Louisa. Another typical case. Kid
ney ailments relieved in Louisa with
Doan's Kidney Pills.
]. B. Peters. prop. hardware store,
Lock Ave, says: Il was in constant
misery whether walking, sitting or
bending over. on account of my back.
When attempted to rise after sitting
down. my back felt weak and sharp
pains shot through my kidneys. Rheu-
matte pains seemed to be all over my
body. but particularly in my knees.
hips and joints. The kidney secre-
tons were irregular in passage and
highly colored. / was languid, dis
couraged and run down in health.
Doan's Kidney Pills did me a lot of
good and after taking four boxes.
which purchased at Louisa Drug Co. g
Store. felt as If | had a new pair of
kidneys. All the pains were removed"
Statement given June 2S. 1909.
On December l. 1916, Mr.. Peters
said: although have very little
trouble with my kidneys now find 1t
necessary to take Doan's Kidney Pills
once in awhile. / always got the same
good results"
soc. at all dealers Foster Milburn
Co, Mfgrs., Buffalo, N. Y.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-04-11
GRIFFITH CREEK.

Don c. Belcher. who for more than
a year has held a responsible position
with the Ashland Coal & Iron Co., has
resigned and returned home.
NJ T. Preece is selling out and pre-
pairing to move to Centralia, Wash.
Mrs. Tremble Chapman. of Donithon,
called on her parents, Mr.. and Mrs.
Richard Belcher Thursday and Friday.
Little Kelly Brown, convalescent
from two operations for disease OF
the bone, is getting along fine under
the skilIful treatment of DR.. W. w,
Wray.
John Brown, of the Marines, called
on Lon Brown and family one day last
week While on his way to France his
ship was sunk by u-hoat and after
spending three and one-half days In
an open boat he landed on the north
Irish coast,
Andy Belcher, of Blankenship, was
on our creek Saturday,
A small son of Scott Thompson is
quite sick this week.
Mrs. Rex Vaughan returned Monday
from Ashland She has been visiting
there and at Catlettsburg for the past
week.
Richard Belcher Sr, spent the week
end with his son, Newton Belcher, C.
& o. track foreman at East Point
Farmers are so busy just now that
there is but little news OF social ma
ture to report. MUTT.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-04-11

Hayes Sunday.
Mrs. Jay Moore was shopping at
cordell Saturday.
Vessie Jordan, of Ellen, passed down
our creek Saturday enroute to Louisa.
c. C. Hayes made trip to Bussey-
Vile last week.
Charley Carey motored down our
creek Sunday
Ray Wilson entertained quite a
number of young folks Sunday.
Ruth Justice. Luther Moore, Bas-
com Moore and Milt Moore were Sun
day dinner guests of Stella, Minnie and
Lewis Moore.
Lee Hayes. of Adams, spent Sunday
with MIR. and Mrs. Att Ball.
Mrs. Oscar Short and son Arnold.
spent Thursday last with Mr.. and Mrs.
Fred Short
Vess Jordan Sr. of Ellen, was on our
creek Saturday in search for seed
sweet potatoes,
j. d. Ball made trip to Louisa
last week.
Mr.. and Mrs. Fred Wellman attend
ed church at this place Saturday night.
Estin Hayes and Lewis Moore made
business trip to Ledocio Saturday.
MRS. GRUMPY
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-04-11
MILL CREEK

The farmers are expecting fine crops
this year.
Rev. VIM farrell, who was seriously
Ill, is some better.
The revival at Wilson chapel closed
last Sunday night. The meeting was
great success.
Pvt Fred Parsons returned home
from France about a month ago. He
was gassed and had small wound in
one hand. He says that the Yanks
gave the Huns more than they were
looking for.
The Board of Education of Lincoln
district let a contract to build new
graded school just below M. l.. Bran
ham. M
Mrs. w. M. Hunt. of Wayne. was
visiting her father Saturday and Sum
day.
!. G. Thompson has completed his
new house. His house was burned
last August.
II. w. Thompson and family are
moving to Wayne this week. They are
good neighbors and everybody Is sorry
to see them go.
e. Perry, who recently moved to his
farm commonly known as the Ozian
Wilson place, is seriously i'll.
James Spence. Of Genoa, moved to
Manuel Belcher's place few weeks
ago.
Mrs. VIM. Peters. who has been very
sick, is almost well.
There is a revival going on at Green
brier schoolhouse. Benton Rigg Is
conducting the services. =
j. l.. Jarrel was visiting relatives
here fro couple Of days.
Zea Thompson, who is teaching at
Saltpeter, has week or so yet. David
Parsons has rented his place. He will
move there soon.
Globe Napier and family, Of Ports
mouth were visiting his father-in-law
p. II. Noe, few days ago
Miss Nolas Thompson. who Is teach
ing at Cinderella, w. Va. was visiting
her parents. Mr., and Mrs. Marion
Thompson recently.
Miss Sexton. Of Sunnyside, was Wis
iting her sister. Mrs. Della Parsons
this week.
Ernest ]. Rigg, who was visiting his
parents Of this place. has returned to
Conway, Pa. where he resumed his