davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-02-23
REALTY MEN DISCUSS
FUTURE OF SECTIONS
Students of Market Conditions Say
Many Opportunities Await
Bargain Hunters

In tho great activity which charac-
terizes the real estate market. experts
agree that there are many opportunities
fors ubstantial profit. but concerning
locations or districts which hold tho
greatest promise. opinions are divided.
A high percentage of the buying has
been by operators and their activities
have been scattered. Operators. who
are successful, do not try, however. TO
purchase at the lowest market price and
hold for the highest price. In many
deals they take comparatively small
margins of profit.
Trading is not All speculative. A
great many purchases have been made
for permanent occupancy and a large
number of leases have been made on
an oWP ershia.sSasis. s.a
Considerations which mako invest
ment in real estate attractive at this
time are present low valuations on I'M
improved land, increased rents, larger
return on investments in apartment
houses, demand for permanent head
quarters and offices in the centres OF
finance, insurance and importing and
trade
man OF Pease & Gilman and Frederick
Brown see in Manhattan real estate
bargains waiting TO be snapped up.
Charles F. Noyes OF tho Charles r.
Noyes Company. 90 William street, de-
clares that downtown property holds
the greatest promise for investors.
IT particularly favor Broadway. that
district around Canal, west of Broad
way" says Mr.. Noyes. 81 also believe
in the section east of William street and
south of Fulton. in and about Burlins
slip. Wall Street, Maiden lane and Old
slip. 1t Is in the last district that many
prominent shipping houses. importers
and exporters, including tobacco mer-
chants-and drug and chemical houses.
have made purchases"
Lawrence Il. Gilman OF Pease q ELI.
man, says Madison avenue between
Forty-second street and Sixtieth street
Is a district of promise.
1.-The widening of the street." says Mr.
Gilman, sis something which the city
has promised to do, and the widening
will have the most beneficial effect
That Improvement will make Madison
avenue much more attractive to this
business concerns which have heretofore
been able to consider only Fifth avenue
The difference in valuations placed upor
property in Fifth and Madison avenue,
Is out OF proportion when the advantage.
OF Madison avenue are considered.
| AT the prices held on the properties
In those thoropghfares to-day Madison
The sun., 1919-02-23
MORTGAGE LENDERS
FACE NEW PROBLEMS
Material and Labor Costs May Drop
and Cause Depreciation in Value
of Newly Built Houses

the investment. There are three parties
TO building operation-the lender, the
material man and tho workman. The
owner may feel surprised at his exclu-
sion from the calculation. but unfortu-
nately he represents the margin" in the
transaction. His gain or loss comes
later. The interest of the other parties
arises Immediately.
Under existing conditions the ordinary
lender, whether individual or corpora
ton. finds himself with ample funds for
real estate investment, but Is attracted
toward property already const ructed.
The question naturally arises. why prop
ty'already built should be more attrac-
tive than that in contemplation. The
answer lies in the fact that one sale
makes house second hand, other sales
show less depreciation. In the phrase
fcf the 'srreet," "tre&yad 0ewe<s~ all eat"
on an old house. both with respect to its
structural qualities as we'll as to the
character of the neghborhood. Further
more, old houses are selling at far be-
low the cost of duplication in many in-
stances, and loans may be consequently
smaller in percentage.
Formerly We figured building loans az
almost as high proportions as ordinary
loans OF course, there was the FIRST
sharp depreciation to be expected, but
THIS was discounted beforehand. Now
| the situa,ion Is different.
When any building operation IL begun
the lender must invest in II as It pro-
ceeds. A half finished house is a much
poorer investment for half the money
than finished house is for all of II. To
guard against failure to complete, oc-
casioned by iluctuation of material costs
| or labor price changes, the contractor
| must either estimate literally TO protect
himself against these possibilities (and
| the owner must assume this Increase
not the lender) or else by close calcula-
| ton the contractor makes the lender a
party TO a speculation.
During the period Immediately preced-
ing the cessation OF building operations
we had frequent examples of such in
stances. where increasing costs upset the
contractors estimates. rendered him un-
able to complete the operation, and the
lenders had TO step in and in an advance
ing market finish the building. Now the
| situation Is I'm q measure reversed Are
We to have a gradual drop IN material
prices? If so, in what degree? Ere
labor costs 10 remain substantially fixed.
advance or decrease? How much in the
| latter cases? The first evidence OF an
accurate answer to these questions will
go far toward determining the lenders
policy.
In only one way can the mortga geo
contribute TO the relief OF the situation,
as see 1t. He must advance bis funds
The sun., 1919-02-23

renewal privileges of an additional
twenty years on the basis of per cent.
OF the gross proceeds derived from the
rental OF hangers.
The exploitation of air service here
was planned several months ago. The
field was carefully inspected with the
viewpoint of selecting a suitable landing
place. The final decision rested be-
tween Fort Washington Point and q
site on the Jersey side.
Passengers will be landed at a whale
back float, or floats. anchored at Gov
ernors Island or the different yacht
clubs. The Columbia Yacht Club has
signified that 1t is willing to build a
landing place at Eighty-slxth street and
North River. The flying boat will then
proceed to the service station. A whale
back float can be built for $3.50.
Mr.. Uppercu and his associates con-
fidently predict that coastwise passen-
ger service will develop. individuals
will start hydroplane passenger trans
portation lines. New York will become
the terminal for all coastwise passen-
ger and freight service Bases will be
established elsewhere and the movement
will extend over the entire country.
Mr.. Uppercu and his associates do not
entertain any idea of establishing pas
senger service themselves, but they will
build the garages for housing the Nv
ing boats and encourage in every pos
sible manner any effort to popularize
the use OF the service stations. Atlantic
City--lsiR hangar faSutSssnty~ flying
boats, and IT is said the dying Boat will
make the trip from New York to At
lantlc City in one hour and fifteen min
utes. The flying boat has range
of speed of from fifty to ninety miles
an hour.
Dock Commissioner Murray Hubert
to whom Mr. Uppercu made his applica-
ton, Is In favor of the project. His
only objection is tho possible interior
ence with river traffic II landings are
made on the river. He suggested the
use of Staten Island, as a site for the
hangers, but the island is not deemed
suitable because of its distance from
New York City and inadequate trans
portation facilities. Mr.. Hubert is
now in Cuba. but he has signifled his
willingness to cooperate
The sun., 1919-02-23
POPULARITY OF THE HOME BUYING MOVEMENT MAKES
THE DISCUSSION OF INTERIOR DECORATIONS TIN1EL
The Exterior of a
House Introduces
a Man to His
Neighbors IT he
Interior Recon-
mends Him TOLLS
Friends

Never since pioneer days. when a man
acquired without recourse to real
estate brokers or title companies. has the
home owning instinct been stronger than
at present. For q time II lay dormant
under the magic spell woven about II
by the wonders of apartment house de-
velopment. but the idea OF living In
tiers has lost much OF its charm and has
come to be regarded as a matter of
necessity for those who must live in the
city.
No one thing can be held entirely re-
sponsible for the revival OF the home
owning desire. 1t merely followed the
natural laws of reaction. Home buying
and home designing campaigns such as
THE Sun conducted In recent years
gave impetus to the movement, and the
Governments. well directed efforts to
house Industrial workers during the war
broadened the scope Of Its popularity.
Now high class architects have turned
their attention more seriously to country
home designing and suburban develop
nent companies are laying greater stress
on the Importance of beauty in the
quantity production OF standardized
homes. With all this concentration on
home building and home buying, the
time has arrived for a more generalized
discussion of interior decoration, for
altar one has made his selection of a
place In which to live. the next most
important step Is to make 1t a place
at to live in.
The exterior OF house introduces a
man to his neighbors. but tho interior
recommends him to his visitors. Home
decorating therefore should 20 hand in
hand with home buying. and in order to
emphasize the relationship between the
TWO THE SUN plans to publish in ~,
real estate section, from time to time
articles on making the home beautiful
from within. These articles will embody
the opinions of experts who have
mastered the principles OF color. form
ana harmony in their application to
Interior decoration. =.
Three Underlying Principles.
In discussion of interior effects Il
oincuit to say which particular room
commands precedence. The entrance
haiI, however, suggests itself as the log.
.eal starting point. for 1t Is there that
the visitor gains his first impression
OF the home. In the entrance hall. az in
all other parts of the house, decorative
kchemes must be carried out with three
underlying considerations in mind
hrst. the architecture Of the room; sec
ond, the personality Of the owner. and
third. the purpose of the chamber it.
self
Due attention to the first consideration
VIII prevent one from falling into the
common error of trying to fit up the
ordinary room In the ordinary ready
made house with decorations of all one
period A person might cram such a
room full of Jacobean or Louis XIV.
furniture and still the effect would not
be Jacobean or Louis XIV, because the
room itself Is nondescript To preserve
unity of period the room must be built
for that purpose. In the average room.
therefore, II is better that the scheme
The sun., 1919-02-23

The prediction in the Real Estate
Section OF THE SUN last Sunday that
the day is not far distant when New
Workers will commute via aeroplanes
and hydroplanes, and that real estate
development will be facilitated by that
, modern means Of transportation, is
borne out by an application for a per-
nit 10 lease land and establish a base
Tor flying boats at Fort Washington
Point The application. which is before
the Board of Aldermen. was made by
1nglis NJ. Uppercu. president and prin-
eipal owner of the Aeromarine, or Plane
and Motor Company. which Is a sub
division OF the Detroit Cadillac Motor
Car Company. with headquarters at
Broadway and Sixty-third street
Mr.. Uppercu 4haSr been r anufacturing
planes for the Government at KeyTaa4s
y j., where he produced several million
Collars worth of aeroplanes and hydro
planes 1t is understood that other
manufacturers Of planes are associated
with him in his idea of developing land
Ing places for flying boats One OF
those landing places will be on Nam
haitian Island. others will be estab-
pshed on the Atlantic Coast, and, in
planes on all inland waters of this ma
ZION as we'll as at its seaports.
Behind the movement is the idea OF
popularizing the use of flying craft
IN the near at hand development OF
ny'ng for commercial use. and for pas
senger transportation, the hydroplane,
or flying boat. Is to take an aggressive
hid over the aeroplane in passenger
carrying. Hydroplaning has been fos-
"red and developed at Florida resorts
and some enterprising aviators are MAX
Ing commercial success OF II at At
hntlc City.
Mr.. Uppercu. in his application for
easing privileges at Fort Washington
Point, points out that tho improvement
which will follow will add to the beauty
and attractiveness of the point ana
oeneht all property in the vicinity.
Ehe Point is now surrounded by Fort
washington Park. itself a feature which
sppeals 10 urban residents. Develop
nent OF residential properties is reason
ABLY certain to follow any Improvement
N transportation facilities. such as the
ue'eloDment of the flying boat-as a pas
se5sdr car :, held TO DO.
Mr, uppercu. and others whose inter-
ssts IN the development OF air craft for
passenger service are Identical with his.
ae''re 70 obtain the right to use Fort
Washington Point as a base for the
housing and the care of hydroplanes
s"d Tor the training OF aviators. The
point Is at 1s1st street west. Here n
= clear waterfront OF some 1000 feet
N extent at one of the widest parts Of
The sun., 1919-02-23
irst in Series of.
Articles Embody-.
ing Ideas of Au-I.
thOritieS in the
Field Of Artistic
Home Making and
Designing
trance door. That was the irceptior
or the modern vestibule.
Entrance Hall subdivfded.


Entrance Hall subdivfded.
As time went on the big entrance hall.
sometimes a two-storied ahair, was
divided into suardroom and saion.
Finally II became practically what u
is to-day, a means Of access to the liv-
ing room and the other principal cham
bers Of the house.
The severe beauty Of the English
entrance hall lends itself admirably 10
the more elaborate American country
house. This Is demonstrated In the
accompanying group of pictures showing
the entrance halls in three houses OF W.
dor design. 1t must be rememoered'
however, that such decorative scheme
Is only possible where the design II;
consistently followed in the erection OF
the home.
In the hall of tho Stuart Duncan
house at Newport, r l.. designed py
John Russell Pope, the walls are OF
stone and the woodwork Of oak, panelled
in linen fold. A remarkably con.
! structed metal door connects the halt
with the vestibule. Here as in the other;
two examples shown. the furniture
carries out the unity of the motive, ana
| Is such as would be found In an English
house Of the period. !.
| The entrance hall In the home OF
! George Arents, Jr., at Rye, n. Y, de-
| signed by Lewis Colt Albro, Is an un-
usually spacious apartment. The walls
J are OF travetine stone and the wainscot"
| Ing Of oak. Note the carved stone fire.
place and the old English cradle, USED
as a woodbox, beside 1t.
The delightful picturesqueness of the
pre- Elizabethan house Is shown to best
advantage in the little hail. in the
home of George Marshall Allen at Nor
ristown. N. j.. with Its pavement OF
irregular fagstones and It's woodwork
| of rough hewn oak. This hall, one
might say. is in reality a glorified
vestibule through which one catches an
enticing glimpse Of the great hail at
the right. 1t Is furnished with extreme
simplicity, without even rug on the
floor
On Lower Level Than Main Hall.
In tho arrangement and decoration OF
this room the architect, Charles I.
Berg, has managed to convey sense
OF comfort without exposing too much
of the intimacy Of the home to the
casual visitor. Two steps lead up to the
great hall with its lofty timbered and
whitewashed ceilings. opening through
two stories and one-half, with a gallery
at the second floor lever joining the
guests quarters with the family living
quarters.
An outstanding feature In all OF the
three entrance halls illustrated above u
the roughly modelled plaster ceiling
which conveys a decided touch of
virility. These ceilings are all modelled
by hand in the symmetrical design COM
mon to the period. The interior decorat-
ing work in all three of the houses was
done by the architects who designed
them.
In future issue THE Sun will pub
; lish another article on entrance halls OF
less expensive design.
The sun., 1919-02-23
WOULD LEASE SPACE
FOR AIR TERMINALS
Company Project Will Pave Way to
Establishment of Hydroaeroplane
Doccepner Service
Passenger Service

the North River. There is suitable
beach front and favorite curve in
the shore line.
Plans which have been prepared. pro-
vide for a number OF hangers or gar
ages. corresponding to boat houses. each
hangar to be fifty square feet to house
an Individual flying boat. The wings
of the flying boat spread 39 feet, while
the boat has a depth OF 23 feet, fore TO
aft. 1t is estimated that each hangar.
or house, will cost from $4,000 to $4,000
A hangar will be rented by the month
the rental to include certain service
station incidentals. 1t is predicted that
within the year. seventy-hve flying boats
will use the hangers and the service
station. Compartments will be rented
1, American manufacturers of flying
kAoats and owners aRSsn6i~s who 49,,
to commute.
The location is one OF the most de-
slrable that has come under the no.
tice of Mr.. Uppercu and his associates.
Henry Amerman. who has Offices in the
Woolworth building. is acting as attor-
ney for Mr.. Uppercu and other manu-
facturers who arc interested In the
project
1--WE are anxious to make some ar
rangement for this site" says MT.
Amerman. "The venture Is an expert
ment ana Will require CO1blueIdplo
money for improvements. buildings and
other equipment. but my clients be-
lieve their plan is a good one. We
desire the right to make alterations
and repairs as may be necessary to
erect or replace buildings and equip
| ment to meet our needs.
1.-THE institution which We propose
will be instrumental In increasing ferry
traffic between New York and New
| Jersey. 1t Is the opinion of the officials
Of the Dyckman Street Ferry Company
that increased traffic due to our de-
velopment would justify them in con-
Quoting a year round ferry service,
much to the convenience OF the residents
of that locality on both the New York
and New Jersey sides of the river.
Before the war, the operators OF
| twenty-five privately owned aeroplanes
were DESTROYS OF committing by hydro
plane, but were unable to do so on ac-
count OF the absence of such service
station or flying boat garage .as we
propose to establish. landing stations
are now being established on various
waterways leading to New York, and
| such service stations as we have out
lined will be necessary in the different
| locations"
| Under the agreeIpent proposed by Mr..
Amerman's clients. they will rent from
the city a certain space on Fort WASH
ington Point for twenty years, the term
| 70 begin In the immediate future. with
The sun., 1919-02-23
DEAL IN 5TH AVENUE SECTION

James S. Wright has purchased the
four story and brownstone dwelling at 8
East Forty-eighth street, opposite the
Goelet family mansion. The property,
which was recently damaged by fire,
was formerly the home of Willis 8.
Hawk, who operated the Hotel Lorraine.
The dwelling was partly remodelled some
time ago to provide quarters for ''The
Little Shop" but the owner will make
further alterations 10 meet the demands
of trade 1t was held at $225, 900.
Douglas l.. Gilman & Co. were the
brokers in the transaction.
The sun., 1919-02-23

avenue has the ratio OF one to that of
four or five for Fifth avenue In other
words An interior lot in Madison ave-
nue. may be held at 100000. while an
interior lot In Fifth avenue is held at
$500 900. The corner valuations are in
similar proportion.
THE improvement of Madison avenue
will be followed by removals of shops
and stores to that thoroughfare. The
second street and Sixtieth street lies in
the development OF business, and on the
the development OF business ana on the
oasis or present comparative valuations
investors VIII have opportunities TO
realize very substantial prohtS
The next section which seems to me
10 hold great PROMISE and one IN when
we believe values are going to increase
s4secif;!y< " frs~oRe. Is tho d!tcct Sc
tween SeVenty-ninth street ana Ninety
sixth street ana Lexington ara flith
avenues That opinion Is Influenced by
the opening or the Lexington avenue
subway IL Is possible to reach that
section In less time than II takes TO go
10 PARK avenue ana t1tty-seventh street
To get to tho latter point II Is necessary
10 change from the express to the local
at Forty-second street Eighty-sixth
street ana Lexington avenue Is an eX-
press station, which Is an advantage in
transportation. We think that the In
fiuence OF the Improvement has not been
feit as yet as builders have not been
The sun., 1919-02-23
SELL LENOx HALL.

Alexander Selkin and Joseph II.
Schwartz sold In an all cash transact
ton for the Mason Realty Company
(Max Natanson) the property known as
Lenox Hall. six story elevator apart
ment house, on plot 10ox9o, at 1ol-105
West ll2th street. The house contains
thirty-one apartments and was held at
S275,000
The sun., 1919-02-23
SELLS $aoo,oooA APARTMENT.

Douglas l.. Gilman & 60. and y. A,
Berwin & Co. have sold Tor David bows
TO S. Morrill, Banner the nine story brick
apartment house at l22 East Eighty
second street. 7JXl02.2. This pronerty
has heen held by Mr.. Bows Mt S3s0 900.
and WAS sold to him by Douglas Gilman
4 go. in 1913.
New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-12-03
DECEMBER TBRMIOF
COURT NEXT WEEK
;, =, 4ssi.; tFa ~ ~ :i5EEfli -.
FoRTY-EIGHT CASES AWAIT
ING THE ACTION OF JUDGE
AND JURY.
VIDIAN B. WYE CASE TO At
TRACT ATTENTION IN
CRIMINAL COURT.

Forty-eight civil and two. criminal
cases are awaiting action during the
December term Of the district court
which convenes at the Courthouse
next Monday, at il a. m. Thirteen Of
the civil cases have been carried over
from the spring term, while thirty-five
of the cases are new.
Of the. two criminal cases the one of
the State of Minnesota VS.. Vidian B..
WYE Of st. Paul and Ed Cutting of
Sleepy Eye undoubtedly will attract
most attention. The other one has
been brought by the City Of New Ulnn
VS.. Frank Kretseh Ii
Vldian B. Wye, former special agent
of the state food administration was
placed under 81 900 bond in September
to appear before the Brown County
jury. He was indicated by the Grand
Jury during its May term in connection
with his activities against alleged wheat
hoarders during the war The indict-
ment returned against him charges him
with extortion it being claimed by many
farmers OF this county that he forced
them to pay his and Ed. Cuttings auto
mobile expenses.
New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-12-03
CHRIST MAS SEAL
SALE Is ON NOW.
RED CROSS ANNUAL CAMPAIGN
TO FIGHT TUBERCULOSIS
STARTED MONDAY.
Loss OF LIFE THROUGH WHITE
PLAGUE IS OVER 100000
ANNUALLY.

There is an appalling waste of life
every year of 100000 Americans who die
of tuberculosis. In !. Minnesota the an
nual death rate from this disease is
$500. Moreover, because the loss of
life occurs almost entirely in the ranks
of the young adult population, health
authorities the world over have come
to consider the control Of tuberculosis
as still the most pressing health problem
confronting them.
The disease is largely preyentable
and durable. But it takes money to
furnish medical care, good food and
teach those susceptible to the plagl e
how to care for themselves. Many
need hospital care.
For several years the Red Cross
Society has held Christmas Seal Sales
to raise these funds. The general public
is familiar with the plan but needs to be
reminded Of its necessity The campaign
starts Monday, December 1st, and con-
tinues to December 10th. This year a
special effort will be made to interest the
school children in the work, December
So and being set for the drive in; the
schools.
Buy Red Gross Christmas Seals use
them on your letters and your Christmas
packages. On letters place the stamps
on the backs Of the envelopes, Buy as
many stamps as You can Use and few
more. Help save the young men and
young women to lives Of usefulness.
New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-12-03
NEW BANK AT CAMBRIA.

u . = E -
A new bank was opened at Cambria
on Monday, December l. This financial
institution is located in an entirely
new and up-to-date building, the name
chosen is Cambria State Bank Its
officers are D. w. Harris, pres; F. III.
Krook, New Ulm, vice pres: and W. j.
Gareis, cashier. Mr.. Carols at one
time was connected with the Brown
County Bank of New Ulm ,.@
Business developments at Cambria
apparently point to bright and pros
porous future No less than seven new
buildings were put up and finished dur
ing this season and three more buildings
are in the course Of construction.