davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-01-23
$500, 600 Loan ON New
Needle Industry Lofts
Columbia Trust Company Ad.
vanccs Money on Two Big
7th Avenue Structures


The Columbia Trust Company has
taken a mortgage of $3,5o0,oOO on the
two new skyscrapcrs erected on Sew
enth Avenue, between Thirty-sixth and
Thirty-eighth streets, by the Garment
Center Realty Company, to house the
needle industry heretofore located in
and adjacent to the retail shopping
district. The southerly building is
twenty-four stories, fronting $50 feet
on the avenue, 1909 feet on Thirty
sixth Street and 225 feet on Thirty
seventh Street, surrounding the York
Hotel. The other building is seven
teen stories, fronting 74.6 feet on Sew
enth Avenue, 275 feet in Thirty-sev-
enth Street. and 1853 feet in Thirty
eighth Street, being separated from the
Hotel Navarro by single parcel on
each side. The mortgage is due Octo-
Der !. 1926. There is a prior lien OF
$1,275,5O0 on the properties.
The "a Wall Street Corporation, rep
resenting j. 4 W. Seligman 4 Co., has
borrowed 100000 from the Central
Union Trust Company on the nine
story structure the bankers recently
purchased from the trust company at
"a Wall Street, 50x117 feet.
The Home Savings Bank, Of Albany
made loan of S115,00O to the Arthur
W. Tams Music Library, Inc, on the
property at 318 and 800 West Forty
sixth Street, 44x1005 feet. It is at 6
per cent, due in 1881
New-York tribune., 1921-01-23
Gives More Land to
Parkway Commission
30 Acres of Fox Meadows. at
Scarsdalc, Donated for
Public Use

Miss Emily O. Butler, of ScarsdaIc.
has donated thirty-two acres more in
Scarsdale to the Bronx Parkway Com
mission for public use in connection
with other property which the COM
mission is developing into a beautiful
parkway, reaching from Bronx Park to
White Plains. 1t is on each side of the
Bronx River.
The property is part of the Fox
Meadow estate, which was the BIRTH
place Of Governor Daniel D. Tompkins,
Of New York.
This is tho third parcel to be given
by Miss Butler to the commission. In
ell she has given sixty-seven acres for
public use.
New-York tribune., 1921-01-23

the finest examples Of Colonial archi-
lecture in America, and the courthouse
buildings in the rear Of it facing on
Chambers Street are valued at ST.
100000
Although he has placed valuation
Of S1O,850,000 on the old postoffice at
the lower end of City Hall Park, he
does not ask Uncle Sam to pay penny
Of taxes on it. There is a tacit un-
dcrstanding between the two gentlemen
on such matters. Then the postoffice
renders the people Of Father Knicker-
bocker's city great service as a med
ium Of national and international in
tercourse, which more than compen-
safes the loss of taxes. Father Knick-
erbocker also does not exact tax on
the old Sub-Treasury, the Assay Office,
the Army Building in Whitehall Street,
the Custom House in Bowling Green,
the Barge Office at the Battery. or the
great forts built to protect the city
in case Of foreign invasion by land or
sea.
About 5,3O4,5oo worth Of real estate
is now laid out in fortfications. A little
less than half Of this sum represents
the value of Governors Island, the
headouarters of The Department of the
New-York tribune., 1921-01-23
4l7,287 Buildings
Were Put Up Last
Year in 1914 Cities
More Structures We're Erect.
ed in 1919; Scarcity of
Money Caused. Fall-Down
OF the 1920 Program

1t IS estimated that Al ,287 buildings
were erected In this country during
1890. The cost Of these structures is
placed at $1,511 ,489 459. Tremendous
though the number and investment
may seem, the year from the stand
point of production was behind that of
1919, during which 4tS,965 buildings
These figures represent the construc-
tion program of 1914 cities of the
United States.
No Money for Building
The American Contractor, in it's re-
view of the building field for the year
just ended, explains:
"The cause for the discontinuance OF
a start which would have meant a
record vas the lack of money for
financing building. This was not due
to the fact that there was not plenty
of money in the country, for there was
there was a great volume of credit
imposed by partial letting down of
portant nations. There was big issue
Of Federal Reserve notes. Liberty
bonds were circulating as cash. We
were pyramiding credit on a fiat basis.
Credit was pyramided until it was top
heavy.
"This money could not be drawn to
construction because the assurance Of
future returns for money invested in
building at the constantly increasing
costs was not great enough. The
channels of money to building were
blocked, and money flowed to attrac-
tive bonds--to anywhere other than
construction. There was. however, ap-
prcciable construction Of some types
throughout the year. Not until late in
1920 did there appear a surplus of
cred, however, that if the men had
shown more efficiency before the grand
break came the surplus would have
made itself apparent sooner.
Builders in Competition
Higher peaks were attained in other
industries than in the building in
dustry. The automobile industry, for
instance, made wild scramble for steel
and other materials, such az plaNe
glass, rubber, etc, and for worSnen.
Building operations bid against all
these industries. Prices asceLded Not
reached and the recession from these
peaks, while more evident in some
commodities than in others, HAS not
been at all precipitous and by many it
ia thought that in the case of building
materials the recession is not com
pleted
With high prices came raise of rental
values, but the equilibrium Of rents and
building costs has not been reached,
particularly In the case of dwellings
Of middle class, where there is limit
to the amount which can be spent by
the occupants for rent.
For these reasons money was not in
vested in building, and 1920 was re-
vorsal of the ascending activity Of 1919.
New-York tribune., 1921-01-23
Local Real Estate Market
:: Is Far From Being Dull
Brokers Report Trading in Old Downtown Busi-
Sections and in Apartment House and
Dwelling Localities on the East and West Sides

The D. P. Harris Hardware Manu-
featuring Company purchased from
Max Marx the five-story building. 25x
100, at 80 Chambers Street, northeast
corner Of Church Street. The Charles
r. Noyes Company was the broker in
the transaction. The Harris company,
which has been located in this section
for twenty-five years, will occupy the
newly acquired building.
George w. Mercer & Son, with Will
liam A. White & Sons, have sold rs
Hudson Street, three-story building,
16.10x73x irregular.
J. Finkelstein & Son sold for Sarah
EehwartS the four-story loft 327
Bowsry to a wholesale paper and twine
concern for occupaAcy.
The Guaranty Trust Company sold
- trustees to the Farsin Realty and
Garage Company the two-story stable
l03 West Fifty-first Street, 25x110.7.
Ca.tano Fasciano cold to Jacob
Fyisdlander the three story building
1oz EAST 11sth Street.
Claridro In Fiftieth ST. Is Sold
The Claridge, a sevcn-story elevator
apartment, at 228 and 230 West Fifti-
eth Street, was bought by the Goldley
Gorporation iL. y. Ioidman ana "A.
Levy. James ], Grove was the broker
Salvatore Soraci bought from Gold
stone & Meyers the six-story modern
tenement, 50x100, at 334 to 338 East
1i4th Street; also bought from Lock
wood & Lockwood the modern six
story house. 25x1o0, 351 East Hath
Street.
Zelda E. Kitay sold to Selma NJ
Krulewitch the fve-stery tenement 20s
West Sixty-frst Street, 25x100.5.
Lena Ostcrwell sold to Yetta Schoer
the four-story tenement 2077 Second
Avenue. southwest corner OF 107th
Street, 25.11x75.
Isaac Teschner sold to Gaetano Ia.
New-York tribune., 1921-01-23

Tho impression must not be per-
sa4tted TO remain that Father Knicker-
booker is a niggardly old fellow just
because he has refused to give his
police as many millions Of dollars as
they asked for, or allowed his school
builders and educators as much money
se they wanted or agreed with the
street cleaners that it will take all the
money they want to keep the city clean
and neat.
II would be the height of injustice
to permit such an impression to 60
unchallengcd, because it would be hard
to find greater liberality than that Of
Father Knickerbocker. The caricature
Of the old gentleman, which shows him
bent in the shoulders, a face beaming
with matured good nature, and kindly
eyes peeuing through gold framed
spectacles, does not misrepresent him,
for he is as benevolent as he is rep
resented to be. He may we'll be termed
great giver, & kindly old city ruler,
for in the last four years he has given
$216,076, ,2t7 and this year he will give
about $65,O00.000. Next year he will
surrender probably more than this
year and will go on through the years
promoting or subsidizing things that
make for the happiness. social better-
ment and moral and physical welfare
OF his people. If 1t was possible to OBJ
tain the records of his many years of
hberality they would show total of
billions of dollars.
Not Always a Giver
What year he started to patronize
the welfare of the dwellers of the CITY
10 not known, but it is known that
there was time when he was not so
broad-minded or liberal in such mat
ters. He could we'll have been accused
OF being niggardly away back in the
Battery, Wall Street, the East and the
North rivers. But censure must be
light, because many time his treas
ury was wellnigh empty, and under
auch circumstances it was absolutely
necessary for him to be hardhearted in
taking and giving. But from the day
hts city became great and af1uent the
old fellow has shown that he was
kindly disposed to helping and foster
ing everything that Is for the good and
happiness of his people.
II he was avaricious Father Knick-
exbocker could have increased his in
year add $65 100000 to it if he so de-
sired.
Judging from the records his gen
erosity has increased steadily. Back in
1917 he gave .$44,273 1886, and his books
this year show that he will forego $780,
100000 more than in 1917.
II Is his legal right to collect
charge, arrived at each year. on every
500 worth Of real estate in his city.
New-York tribune., 1921-01-23

Watts Streets is s2oo,0oo,oo0 worth of
property which does not bring Father
Knickerbocker one cent return. Some
Of the parcels exempted are among
the most valuable land in all New
York, if not the entire world. Trinity
and st. Paul's, two of the famous lower
Broadway churches which are known
probably to every visitor to New York,
are worth $23,200,000.
Old Trinity and the cemetery behind
it are valued at $17,700,OO0. The IA
nous century-old church, Father Knick-
e1bocker says, is worth 100000. There
are many who would place the value
higher. St. Paul's Church and ceme-
terry at Broadway and Fulton Street
are valued at $6,5O0,0O0. The church
building itself, which holds the tomb
OF General Montgomery, the American
leader at the Battle of Quebec, Father
Knickerbocker thinks, is not worth
more than $4,000, but if it was worth
many millions of dollars he would not
demand the payment Of taxes on it.
st. Patrick's Cathedral. which covers
the Fifth Avenue block front between
Fiftieth and Fifty-frst streets over to
Madison Avenue, and the great Cathe-
New-York tribune., 1921-01-23
St. Denis 10 Start Anew
As an Office Building
Well Known Hotel Has Been
Prepared for Trade After
MANY Years Of Idlencss

The feeling of indecision that has
hung over the old ST. Denis, at the cor
ner of Broadway and Eleventh stree
since it ceased to be hotel sewers
years ago, has ended, and the We
known structure will start anew as o.
Office building, the nucleus Of an I'M
proved commercial section. The hotei
has been altered extensively by ta,
ward L. Bernays and others, and VII
open on February ! as the ST. Deh's
Offices.
The exterior of the structure has no,
been affected by the changes, and 4
looks to-day as it did in the days whe y
it was u hotel. with the exception O.
alterations made in the street Moor.
The building is six stories high sno
covers q site fronting 100 feet on
Broadway and 200 feet in Eleventh
Street, Tho property was purchased
last May from the Renwick estats
through Joseph p. Day.
New-York tribune., 1921-01-23
Nassau Street Home of Horace S. Ely & co.
Will Characterize Business Principles of Firm

The new home Of Horace S.. Ely &
Co., which is to be on Nassau Street,
between Liberty Street and Maiden
Lane. opposite the site OF the proposed
great home of the Federal Reserve
Bank, will be building of simple and
diguified exterior In measure it will
characterize, in stone and architecture,
the high business principles which
have been followed by tho firm since
1t became factor in the realty affairs
Of this city sixty eight years ago.
When Clinton e. Russell we're COM
missioned to make over the four story
brownstone front building at 40 Mas.
sau Street, which the Ely firm bought
last summer, their instructions were to
make the building look like business
home. 1t will resemble in a general
way the Fifth Avenue building of the
Farmers Loan and Trust Company at
the southeast corner. Of Fifth Avenue
and Forty-frst Street.
Built Many Years Ago
The old structure was standing on
the Nassau Street block. perhaps. when
Abner l.. Ely started in the realty bust
ness at IS Maiden Lane, northwest
corner Of William Street, in 1868. 1t
was erected to house some of the
rapidly expanding business Of the city.
Well built, it will not be necessary to
remove it entirely to make it fit the
needs Of the Ely firm.
The interior will be removed. but
only the first floor Of the exterior and
the cornice will be carried away. The
space now used by store windows will
be built up with brown stone blocks
Of the same color as the upper facade.
This space will be broken by the en-
trance and window, each Of the same
width. The window will let light into
a private Office which will be shared
by Charles H. Clark and Francis
Guerrllch, members of the corporation.
VIII Use Entire Building
The entire building will be used bv
the firm. The first floor will contain
the general Offices. Alfred E. Marlinx,
president Of the corporation and presi-
dent of the Chamber of Commerce Of
the City Of New York, will have his Of
tce in the rear end Of this floor. The
clerical force will be distributed
through the upper floors. There also
wlll be directors rooms and consultS-
tion rooms on these floors, which will
be reached by an elevator.
In the basement and sub-basement
will be erected vaults for the storage
Of the records of the firm, said to be
among the most valuable in the city.
This will be the sixth home of the
Ely firm in sixty-eight years. From
Maiden Lane and William Street Mr..
Ely moved to 33 Pine Street, then to 22
Pine Street and to 50 Cedar Street.
1t was in 1903 that the present home
Of Horace s. Ely & Co. was erected at
p Liberty Street. extending through
the block to Maiden Lane. This build
Ing, which the firm has sold to the Fed
eral Reserve Bank, is the first building
New-York tribune., 1921-01-23

are, besides Mr.. Marling and Mr.. CLARK,
Frederick A. NJ. Schieffelin, Francis
Guerrlich, Clarence Corney, Charles l.
Adams, William T. Ropes, Alexander B
Lyon and Matthew G. Ely.
Mr. Marling has been member Of
the Ely firm since 1877. In 1894 he
entered into a partnership with Horace
s. Ely, who had succeeded his uncle,
Abner L. Ely, who died in July, 1871.
New-York tribune., 1921-01-23
Nehring Brothers Now Have
, Building All to Themselves

Nehring Brothers have moved into
the new building which they erected at
the northwest corner of ST. Nicholas
Avenue and 1s2d Street Expansion
Of business made it necessary for them
to have larger quarters and they erect
ed Il building for. their own occupancy.
New-York tribune., 1921-01-23
Rent Homes i'm Larchmont

Mrs. G. M. Murdoch and Arthur s.
Hawley leased at Larchmont for Walter
P. Beers his home in Larchmont Woods
to w. A. Weeks; for Mrs. Isabel Ryan
her new Colonial house in Howell Park
to Douglas Murray. and for DR.. James
NJ Kent his property in Woodbinc Ave
nuc to Neville Gordon Hart
New-York tribune., 1921-01-23
New Yorker Gets Summit Home

The Summit Home Land Company
sold to William S. Koithan, of Koithan
& Pryor. engineers of this city, farm
Place, Summit Hill, N. J. The E. L.
Truslow estate has been purchased by
Albert w. Woodward jr. Eugene Jobs
and H. B. Beck Company were the brok-
ere in both deals.
New-York tribune., 1921-01-23
Remaining Assets of Carnegie
Trust Co. To Be Sold al Auction

Henry Brady will sell in the vesey
Street. salesroom on Thursday the re-
naming assets of the old Carnegie
Trust Company for the purpose Of
winding up the affairs Of this institu-
tion, which is in the hands Of the
Superintendent Of BANKS.
New-York tribune., 1921-01-23

dral of ST. John the Divine on Morn
ingside Drive. are the other most val
rick's Cathedral is valued at $4,000
and St. John the Divine at $s.750,OOO
Last year he figured that s203.694,525
was the value Of churches, synagogues,
monasteries, converts, mission and par
ish houses and theological seminaries
within the city limits. Old soldiers
New-York tribune., 1921-01-23

This year the levy is $3.50. If he were
to exercise this right without discrim-
ination or sentiment he would levy on
churches, schools, institutions, asy-
lums, museums and other public and
New-York tribune., 1921-01-23
Get Long Island City Space

William D. Bloodgood d Co., Inc,
with Cross & Brown, leased TO J. Sich-
Ter & Co., the ground floor, containing
over $1,000 square feet, in the building
at Webster, Second and Third Avenues,
Long Island City, for use as an auto
mobile repair shop.
New-York tribune., 1921-01-23

and sailors, men who have given serv-
ice to the country and are now on the
pension rolls, are not asked to pay full
taxes on their homes.
Looking over the books OF the old
fellow, it is interesting to note the
valuations which he has placed on
many we'll known properties in the
lower sections of Manhattan which he
has decided not to levy mon
New-York tribune., 1921-01-23
Homes in Montclair Sold

F. NJ. Crawlcy & Brothers leased the
residence at 40 Harrison Avenue, Mont
clair, N. j., to Carl B. Wynkoop, Of
this city, and for Percy Johnston the
residence on the east side of High
Street to Thomas Fallon jr. also Of
this city.
New-York tribune., 1921-01-23
Sell Houses Owned for rs Years

Feist & Feist sold for the estate of
N. J. Reid to Gaetano de Cora the two
three-family houses, 26x10O each, 44-46
Rowland Street, Newark, n. J. These
houses have been owned by the Reid
family for more thai twenty-six years.
New-York tribune., 1921-01-23
her Knckerbocker Will Give $65000000 Tax Exemptions
This Year Further Comforts and Social Welfare of His
Without Doubt Is Most Liberal of City Rulers; Believes in
Fostering Interests of His Town Dvvelers by Subsi-
Il dies i'm Form of Free Taxes Semi Public Property

would come to him in taxes to be used
for furthering the purposes or aims
Of the exempted.
In the lower section Of Manhattan,
between the Battery and Grand and
New-York tribune., 1921-01-23
Invests in Bronx Plo,

D.. A. Trotta sold for Josephine A.
Bcrtin plot 40x130 on tho north side
Of 172d Street, 90 feet east Of Park
Avenue.
New-York tribune., 1921-01-23
Home for James d. Fav

James D. Fay is the buyer Of the
altered dwelling at 1877 West Seventy
second Street, sold recently by Frank
lin Pettit
New-York tribune., 1921-01-23

than Battery Park, is far more valu-
able. in his estimation, than Battery
Park. 1t is the seat of his government
sand is worth at least $36,000000.
The City Hall itself, regarded as one of
New-York tribune., 1921-01-23
About $2000000000 Worth of Realty Exempt List Old
Trinity and Graveyard Valued at $l7, 100000; Governors
Islands 1913 Acres Worth About Third Than Church

The fine old Treasury Building at
Wall and Nassau streets, he says, is
worth 100000. The land on which it
stands, however. is said to be salable
at $6000,000, at the very least. The
New-York tribune., 1921-01-23

to be used exclusively by real estate
brokers in this city
Alfred E. Marling is president Of the
The Washington herald., 1921-01-17
WASHINGTON BOY
Is TANK PHENOM
G. A. Sinclair, of Navy Team,
Rated as Fastest
220 Man.

ANNAPOLIS. Md. Jan l6.-In G
A. Sinclair, a plebe from the Tech
niCal High School Of Washington.
the Naval Academy undoubtedly has
the fastest 22O-yard swimmer that
has ever represented a college. In a
match against Johns Hopkins here
Yesterday he did the distance in
minutes 20 3-5 seconds. which is
2-5 seconds faster than the best
collegiate figure as it had stood.
The fact that the navy tank is
four inches less than 20 yards broad
will prevent the performance from
standing as a record. but a careful
calculation shows that this def
cheney would cut the time less than
fOur-fifths of a second. SO that Sin
clair is undoubtedly capab Bile OF
doing the distance in more than six
seconds better than the interCol-
leEiate record
Incidentally she Navy will have a
new pool by next year and care will
be taken that they do not lose any
records on account OF faulty con-
struCtiOn. The Naval Academy has
Joined :he intercollegiate swimming
association, but it cannot send its
team to the finals as only those are
admitted who meet the other mem
bers latter's pools. However. they
can enter the individual matches
and several highgrade men will be
sent from Annapolis. Sinclair will
enter the freshmen events.
The Washington herald., 1921-01-17
New Orleans Entries.

First Race-Purse $1,000; maiden
2-year-old colts and geldings; three
furlonEs: Tom Jare, jr., ia: Sundo
ia: Bully Buttons, ia; Happy Bux-
ton, ia: Cornstalk, ia; Stamp, ia;
Daddy Wolf, ia.
second Race-Purse $1,000; maid
On 3-year-Olds; six furlOngs: Sur
mount. ia; Domingo. ia; John Ar
bor, IA: Marjorie NJ. 1O9; Cut Up.
709. Zainer, ia; Sea Cover, ia;
Plato. ia; Lady Frappe, 1Os; Vul-
ranize. IA; LeCarno. ia; Obstinate,
7O9: Dora w, 1O9. Also eligible:
Lusmore. ia; Anne Pet. 1O9
Third Raee-Purse $1,000; claim
ing: 3-year-olds and up; six fur
longs: Sandy H. 1Os; Circulate, ia;
American Rose. 1o4; Tony Sutton,
1O1; Gloom. 1902; Little Maudie. IO4;
Miss Minks. 1O5; First Pullet, lo4;
I,oys. 1O4; Blaise. rs; Kultur. ia;
Tom Roach, 101; Bantry, ia: Glass
toi, 1O9: Lowell, 1O9; Murphy, ia;
Philanderer, 1O5.
Fourth Race-Purse $500; Ar
gonne Purse; 3-year-old; seven
furIongs: Tharon. 1O4; loneliness,
81: Rae. 1OS; Brown Check, 1902; Two
Pair, 1903; Botheration, 1903; FrivoI,
1903; Madeline Lillian. 1O7; United
Verde, 1O9.
Fifth Race-Purse $1,000; Old
Glory Purse; 3-year-olds and up;
mile and one-sixteenth: Frogtown,
1O1; St Tsidore. 1O9; Barry Shan
non. 1O4; Wyoming, 112; Snapdrag-
On I'd, 112.
sixth Race-Purse $1,000; claim
ing: 4-year-olds and up: mile and
Cne-sixteenth: Sandy Mac. 10; Et-
tahe. 112; Deckmate. 112; Spearlene.
1l2; Our Birthday, 110; Specdster.
1l2: Mandarin's Coat, 10: Slmonite,
10: CIaquer. 112; Harry Burgoyne.
1I2: Challenger. 40; Mark West,
10: Col. Lit, 10: Lazy Lou, 1O7;
warsaw. 112: Dahabiah I'd, los.
seventh Raee-Purse $1,000; g.
year-OIds and up; claiming; one
mile and seventy yards: Lorena
Moss. 1902; Betsy. 1O5; Paul ConneI-
Iv 1l5; Pansy Blossom. 100; Bala-
rosa. 1O7; Aurum, 115; Alexander,
112: Roisterer. 100; Repent, IS: DR..
Shafer. 1l2; westerman. IS: Brook
land. 1O7: Lottery, 1O7: Philippe,
1O7: Louise wynne, 90; Magnet
land. 1I2: Orenzo, 10: Crimson
Rambler, IS; Big Idea, 100; Gadling,
los.