The sun., 1919-07-13

ings might be held. They proposed to
raise the money for the building and
then turn the site and victory hall
back 10 the city which would get the
benefit of the rental. In this way 1t was
figured the city could get bigger return
than it would on the taxes of a business
building and the site would be marked
by a worth while patriotic monument in
the bargain. Comptroller Craig's ulti-
matum appears TO have knocked that
plan in the head. Most of the property
owners say they will be agreeable to
most any plan of the Board Of Estimate
and Apportionment providing the un-
slightly spot is improved as quickly as
possible
other Changes Likely.
Pershing Square also looks forward
10 several other beneficial changes. tho
most important of which is the extern
sion of the Hudson and Manhattan Rail
ways subway from New Jersey via
Sixth avenue to the Grand Central
Terminal. The Hudson and Manhatan's
franchise option runs out next March
and its officers have given the Forty
second Street Association to understand
that II won't be in position to build
the subway at that time. They point
out. however. that they would he able
ton-about $6,000.000 or $4,000, 900
could he underwrltten. Secretary For
rest is authority for the statement that
this solution OF the matter is not I'M
likely. Former Public Service Commits
sloncr Travis II. Whitney is chairman Of
the associations committe in charge of
this work.
Extending the Greensboro subway
through Forty-second street to Times
nj hs.fo
the East and North River steam liners
at the East and West Forty street
piers respectively, are other projects
which the Forty-second Street Property
Owners and Merchants Association is
undertaking for the prosperity Of their
district.
According to Secretary Forrest. the
new viaduct which lifts the traffic Of
! lark avenue over Forty second street
and diverts 1t around the west side OF
the Grand Central Terminal TO reenter
Park avenue at Forty-ffth street. has
by no means solved the traffic. problem
of Pershing square
scheme To Relieve Congestion.
AT present" says Mr. Forrest. "all
mp and downtown traffic has to pass
over the driveway on the west Tide Of
the terminal, which is not wide enough
at the sharp turns We are trying to
have the uptown traffic sent around the
east side OF the Terminal Building into
Dewey place, but the officers OF the Ter
minsl are inclined to dispute TIE right
of way unless the city gives It's permits
sion to extend their offices through the
entire block from Dewey place to Van
derhilt place. or in other words have
the detour traffic pass under their Of
y fees, 1t Is possible that unless some
amicahlc arrangement Is reached soon
Dewey place may be condemned by the
city for this much needed easter.y VIA
duct extension"
y. T. Thorne, president of the Oceanic
Investing Company. IL the head of the
For,N-second street Property Owners
and Merchants Association. The orgaui-
cation is the youngest and lustiest ar
fair of its kind In Manhattan. II is
working on number Of matters OF
q interest to the midtown section IN con-
! junction with the Fifth Avenue Nssocla-
/ ton. Mr.. Thorne Is giving much time
! and financial support to the work. SEQ
Rotary Forrest, in charge ~ the office
at 50 East Forty-second street. wls for
merry secretary Of IN" Harlem rhlmn"I
Of Commerce