davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-02-13

return TO sanity on the part OF the
people with small sums TO invest Is
working out in favor OF tho mortgage
market, according to the lenders. Men
and women who have been chasing the
bubble OF wildcat investments and sensa-
t,onal interest rates arc recovering their
senses and are beginning TO get their
feet on terra firma again. According TO
ths title companies their weekly reports
show an Increase In the return OF these
Investors 10 the field OF guaranteed mort
cages. They regard these reports as
most encouraging.
A reporter for THE New YORK HERALD
who called yesterday on Clarence II.
Kelsey president OF the Title Guarantee
and Trust Company, found MT. Kelsey
IN a thoroughly optimistic mood. That,
hoyeyer does rot mean that Mr. Kelsey
believes that the housing problem Is set
tied just because the fundamental condl-
ton OF the mortgage market shows Inn
provcrncnt A vast Increase In labor
efficiency and elimination OF artificial
imitation OF material prices must come
about before the lenders can talk busi-
ness with tho rank and file or specuia-
two builders. And until these changes
are effected the builders can III afford
20 take the FISK cspeclaily w the Iuce
OF legislative meddling with the rights
OF property owners. Mr. Kelsey says.
''I have said on previous occasions"
observed Mr. Kelsey. that unless the
small investor could be induced TO buy
mortgages tho situation would be seri-
ous. our reports during the last few
weeks indicate that this type Of investor
Is coming into the market or course
almost ali the business which refer 10
in recent weeks involves finished build
ingg
'Our latest weekly report shows that
tho investor with about $1,000 has taken
certificates here in New York. This
probably means that the bulk Of these
have returned from the speculative In
vestment markets sadder but wiser men
and women. They may have had ex-
perience with oil stocks or with dozen
other specialties. but at any rate they
undoubtedly have, concluded that the
steady accumulation OF savings from
The New York herald., 1921-02-13
Gone to Seed Neig]nborhoods Respond
to the Wand Of Artistic Restorers
Who Turn Ugly Yards Into Bowers
and Old Houses Into New

lapidated districts the hardy pioneers
have established their beautiful homes.
Sour brick and dingy brownstone fronts
have given place to more congenial ia
cades. and whole sectons--several of
them east of the Third avenue L."
once the dead line for polite society
have acquired a grandeur which they
never dreamed of. The regeneration Of
the back yard, until recently the realm
of the ash can and the clothes line, is by
no means the least important feature of
this change in the city's residential
status. The pioneers probably decided
that the view from their front windows
was not particularly inspiring. so they
decided to remedy matters by twisting
their habitats around with the rears
where the fronts ought to be. Presto
Bowers sprang up over night, and beauty
reigned where the garbage and wet wash
once held undisputed sway.
All that has been said so far will
doubtless be regarded by the Manhat-
tanite as applying to projects such as
the Turtle Bay Colony on Forty-eighth
and Forty-nnth streets just east of
Third avenue, the Gerry Gardens ON
The New York herald., 1921-02-13

on the shutters gave to the four old red
brick dwellings, at 20 TO 26 Willow street
an individuality which they never pos
sessed before. The contrast between the
appearance Of their back yards to-day
and before the company took them over
is amply attested in the accompanying
Illustrations. House after house w2s va
Gated and scraped TO the walls and
beams. New floors were laid and new
heating. plumbing and electric lighting
installed. All the Willow street houses
have been sold. One old apartment
house in their neighborhood that had
the good fortune to fall under the pro-
tectorate Of the Heights Company
scarcely knew itself after three months
OF rcmodelling.
In It's efforts to eliminate eyesores in
the neighborhood, the Heights Company
has demonstrated its willingness to
spend money that will bring no direct
return When il found itself unable to
purchase the ugly little wooden house
at "a Middagh street it offered to paint
the property for nothing. The offer was
accepted and the Improvement more
than justified the expenditure.
At present the Heights company is at
work on its latest undertaking in Garden
place. which is a thoroughfare only one
block long extending from Joralemon 10
State street and lying between Hicks
and Henry streets. In this development,
we'll out of the mRlstrom Of traffic,
within easy walking distance of the
subway and we'll protected against
| Industrial or commercial invasion, the
company will follow lines of recon-
struction similar in most respects to
those in the Willow and Middagh streets
project. The work is well on it's way
and the houses, when completed, will be
offered at prices which would be con-
sidered extremely reasonable when COM
pared with Manhattan values. None Of
the houses will be sold for multiple
family or boarding purposes. In the
rear of the houses will be a community
garden.
The Heights company In a sense Is
more than "A business enterprise. 1t is
a neighborhood movement. 1t was or
Ganized In 1919 by citizens OF the section
with a view to protecting residential
properties on the Heights. To-day its
numerous stockholders are practically
all owners Of their own. homes on the
The New York herald., 1921-02-13

t6o,00 square feet, of space It forms
an H." with 1876 feet frontage on Forty
third street and so feet on Forty-iourth
street. Tho floors are concrete. and an
overhead sprinkler system. with other
fireproof features. have been installed.
The feature Of the plant is the self
contained manufacturing facilities that
have been installed. These provide for
the handling of every phase OF candy
making from the receipt OF the raw
materials TO the delivery of the packed
boxes. There are also rest rooms. a
cafeteria and n genuine flrst aid hospital
for tho benefit Of the hundreds Of en-
ployccs.
The New York herald., 1921-02-13

Some latter day photographer has de-
fined An optimist as one who, though
neither a real estate owner nor broker
can still see the bright side of a housing
shortage. Now that definition may be
all we'll and good from the standpoint
OF the satirist or it may be a trifle in
adequate in the eyes of the tenant who
regards his landlord as the inceptor Of
the crime wave. but 1t ought not to be
written into the dictionary until the
architect is consulted, for the architect
looks upon all matters pertaining TO
housing or construction from both the
aesthetic and practical side and can,
therefore, be considered reasonably un-
biassed.
In an artistic sense the architect be-
lieves that the lack OF living accommo-
dations In New York city has, like many
other human misfortunes. turned out
TO be n blessing in disguise. Having hit
tho wealthy as well as the poor, 1t has
sent come of the former scurrying into
sections of the city hitherto uncharted
by society's map makers. In these di-
The New York herald., 1921-02-13
IN THE DARK AGES of lie NE,GH6ORHOOD tie
willow STREET HOUSES LOOKED LIKE THIS FROM
The

ther east than the Brooklyn Bridge. or
further west than the Hudson river
But it is nothing of the sort. 1t is
merely a way of introducing the sup
Elementary statement that other sec
tions of the metropolitan area have
felt the purging influence of the hous-
ing famine
The builder and renovator have done
wonders in some of the old sections of
Brooklyn that were verging on state
of more or less genteel decay. The
doctrine of the Backyard Beauti
ful' is winning its converts in the bor-
ough of homes. The Heights Com
pany. which Is playing an important
part In the restoration OF the Heights
section of Brooklyn, has just issued
circular pointing out to the residents
of the district the economic and artistic
advantages of well kept back yard.
1t reads:
Your house has as many WIN
dows In the rear as 1t has In the
front. What do you see from your
rear windows? Broken and un-
The New York herald., 1921-02-13
Real Estate News.
Notes and GOSSIP

east branch OF the Croton River, to-
gether with nine residences and many
outbuildings. The same brokers resold
the property for the Crandall Realty
Corporation TO the Butler Manufacturing
Company. which will occupy the premises
and manufacture a new gasolene saw
ing device for automobiles.
Fish & Marvin sold for Dr. Z. A. Spies
his house on Elderwood avenue, Pelham
Heights, to Bert Kalmar, the song writer,
and for Mrs. Henrietta Van IIoff her
property on Lafayette drive. Colonial
Ridge, Port Chester. consisting of a
frame house and garage. to William II.
Clark.
Robert u. Farley Organization sold
for the Empire Trust Company a plot at
White Plains. ". z, to Mrs. May r.
Hayden OF Princess Anne. Md.
+. NJ. Crawley & Brothers rented in
Montclair for Clifford d. Harris the
residence at "a Irving street to Rufus
Trimble: for the estate of Mary K BY
ron the residence at 40 Harrison avenue
to G. B. Wynkoop; for Percy Johnston
the residence at los High street to
Thomas Fallon, Jr. for II. c. Spaulding
The residence at 2 Burnside street to J..
w. Finch, and for c. c.. Hartwick the
apartment In 81 South Fullerton avenue
to J. L. Miller.
Simpson Merritt Company sold for
Mrs. Elizabeth Fliedner to Eugene S.
Hand 3S Erwin Park road Montclair,
n. j.. a nine room frame residence,
60x140.
Eugene Jobs-H. +. Beck Company sold
TO Mrs. J. B. Russell for the Morris &
Essex Railroad Company a tract ad-
Joining her property on the boulevard
at Summit. N. ]. The same brokers also
sold for the estate FIVE acres from Sum
nit avenue almost to Morris turnpike.
and TO J. G. Guegan OF this city the
The New York herald., 1921-02-13
REFEREE SALES OFFER
MANY INCOME PARCELS

Joseph p. Day will offer In the Vesey
Street Exchange on February Is the
four story dwelling at so East sixty
first street, 1sx10O.5. On February f6
Mr.. Day will offer 90 and q Second
avenue. a one story theatre building.
5ox75 also on February II 23s and $40
East Fortieth street, four story build
ing. 33.4x9s.e.
Three foreclosure sales will be held
by Mr.. Day on February Is, including
250 West Flfty-first street "a five story
building. 25x10o, situated 100 feet east
OF Eighth avenue: also J East l32d
street. five story building, 3ox99.1l,
situated 2i0 feet east OF Fifth avenue.
The last property TO be offered will DO
the four and one-half story building
The New York herald., 1921-02-13

painted wooden fences? Unpainted
rears of other houses? Fire escapes
covered with rubbish? More rub
bish?
This Is not your fault, as your
back yard Is In good condition.
But perhaps little paint would
improve the rear of your house.
Perhaps an open wire fence would
look better than your present wooden
fence.
Perhaps there are some old barrels
and boxes in your yard which you
have intended to remove for some
time.
DO you realize that IL your back
yard and the back yards of your
immediate neighborhood would i'm
prove that your house would improve
in value from $1,000 to $4,000 in
accordance with the conditions?
IL you wish to rent your house
or part Of 1t do you realize you can
get 20 per cent. more rent II the
rear view is better than 1t is now?
Do you know who owns the prop
erty behind your house and next
door? We can give you their names.
We arc interested in improving
the values Of our own properties and
the properties of every other owner
on Brooklyn Heights.
Let US know IL we can assist you"
In it's restoration OF eleven old houses
on Willow and Middagh streets tn
Heights Company has stressed the i'm
portance of improving back yards. /
has torn down the old unsightly boar'
fences and has put up wire fences II
their place. 1t has planted flowers. tree
and grass and has done everything els'
in Its power to complete the worti
while Illusion that a bit OF the countr,
has been transplanted there. Having
set the example. the company now plan!
an extensive campaign to encourage al
other residents in the Heights section t.
make the rear OF their homes present
able.
In the meantime the company has no
neglected the interiors and the facade:
of the houses they have taken over.
coat of buff paint and touch OF greer
The New York herald., 1921-02-13

Among the manufacturing concerns
which have been borne along on the
crest OF the uptown real estate wave
and have been forced TO compete for n
'pacc In the sun" with the theatres and
hotels in the West Forty-second street
district Is PiIrS Il Tilford. which has
established a steel and brick candy fac
tory at 543, and 55i West Forty-tlIird
street, extehding through to 54s and 554
Forty-fourVh street, between Tenth and
Eleventh avenues
ThS modern structure. designed and
built iby, II. NJ Haven and w. NJ. Crosby
OF Boston. ss seven stories high. and
With its basement f,fNishes about
The New York herald., 1921-02-13
STOCKING MONEY is
BACK IN MORTGAGES
Reports Show Small Investors Are
Returning to Market; Lending
Companies Are Jubilant.

~ rEIETIIER
\A/ committee
w changed
The title companies optimistic
and
10 the ies on
building
worried thm the title companies where they
due and the g
The New York herald., 1921-02-13
New Yorker wins House Prize.

Edgar and Vera Salomonsky Of 36s
Lexington avenue won the first prize for
the best design of small brick house
awarded by the national "Own Your
Home Exposition" movement in COM
petition under the direction of the Amer
lean Institute OF Architects. Twenty
nine prize drawings were selected for
cash prizes by the Judges. covering
graded prizes for first. second and third
designs In wood, brick and concrete
stucco houses OF the four. FIVE and elk
room size. L. Justement OF Washington.
ID. c., won tho first prize for the stucco
and lumber houses. The full set of win
ming designs will be exhibited on March
26 at the Own Your Home Exposition in
Chicago
The New York herald., 1921-02-13

Heights. 1t Is natural that they should
have more than commercial interest
in the welfare of the district. Its presi-
dent is Frank II. Davol, Jr.
But the Heights company is not alone
in its campaign to keep up the residen-
tial tone of the neghborhood. Pracu-
cally all real estate owners and dealers
have seen the business advantage of the
high type of residential development,
and to-day there is not block in the
area which does not show some struc-
The New York herald., 1921-02-13

Sixty-fifth and Sixty-sixth streets, be-
tween Lexington and Third avenues,
and the Sutton Place development
overlooking the East River on avenue
A. between Fifty-seventh and Fifty
ninth streets. This might be con
strued as an. admission of the charge
that Manhattanites as n class suffer
from q myopic disturbance which pre-
vents them from seeing anything fur
The New York herald., 1921-02-13
tural Improvement over the preshortage

tural Improvement over the preshortage
era.
According to Frank S. Murty. man
ager of the Heights Real Estate Agency.
which assemblies the houses for the
Heights company. the development and
general Improvement in tho Heights Sec
Ion has been even more rapid than that
In the Beacon Hill district of Boston.
which has gone down into history as the
first important neighborhood resuscita-
tion of It's kind.
The New York herald., 1921-02-13
Realty Associate. sell Houses.

-Four Of tho recently built houses be-
longing to the Realty Associates In
Brooklyn have becn sold within the last
week. Three OF them were In the de-
vclopment Of forty Colonial style one
family dwellings In the Bay Ridge sec
tion in tho vicinity OF sixth avenue and
Slxty-cighth street The other wss q
two family brick dwelling NJ Rogers
avenue and Sullivan street
The New York herald., 1921-02-13

Following the improvements by the
Gotham Bank and the Fisk Rubber Com
pany in the vicinity of Columbus Circle
It was reported yesterday that William
Randolph Hearst, largest owner of
realty in that section, contemplates
spending in the neighborhood of s3.-
100000 upon a skyscraper which will
rise atop the present two story American
Circle Building. occupying the large
Broadway. Central Park West and
Eixty-hrst street.
The building. OF modern construction,
contains foundations capable of support
fng many additional stories, and Il is Mr..
Iearst's plan to add twenty-five more
floors, making the structure twenty-four
stories in height Plans are now being
prepared by James Green. architect. The
building fronts 3S feet on the Circle.
1854 feet on Broadway. 2s1.s feet on
Central Park West and 195 feet on
Sfxty-first street
Rents Apartment Where Home Was
Douglas l.. Gilman e. Co. leased a
fifteen room apartment in 910 Fifth ave-
nue., northeast corner Seventy-second
street, to Miss Anne Stillman, grand
daughter of the late James Stillman,
president OF tho National City Bank. who
formerly owned the site on which the
apartment house Is erected.
other Deals in Manhattan.
Haggstrom-Calle Company sold for
Rose Mas tho five story apartment
house at ~ West SIxtieth street. adjoin-
ing the st. Paul Hotel. The building
Will be remodeled for the automobile
trade with stores, offices and salesrooms
The brokers have been retained as man.
aging agents.
Theodore Ortmann sold for the estate
OF Marie G. Ranney the old buildings at
156 and 1853 West Thirtieth street. This
property has been in the possession OF
the seller for more than fifty years.
George Meyer has sold 1854 Lexington
avenue. southwest corner of Seventy
fifth street, five story fat and store.
17.2xSo.
Thomas ]. o'Reilly sold for the Emil
grant Industrial Savings Bank the five
story garage 23S East Twentieth street.
22xs2.
The Ave story tenement at So Stanton
street 25.5x75. adjoining Eldridge
street, Is TO be taken over by the 62
stanton Street Corporation. having 7.
Max, Z. Warner and v. ". Cohen as
directors. Edward d. Hiserad holds
title.
In the Dwelling Market.
Everett NJ. Seixas Company sold for
the estate of William x. Osborn the
three story dwelling at 405 East Fifty
seventh street. 17.9x57.2. 10 the Swift
Realty Company. This Is the fourteenth
sale made by this company in the Sutton
square development.
John Peters sold for Eliza Bailey TO
Nosnibor Operating Company 25S West
1920 street. three story dwelling. 11x
100.
Goodwin & Goodwin sold for NJ Gar
finkel the three story dwelling. 16xi00.
at 81 West i13th street.
Robert c-aSsrn ~ reported 10 have
eold tho four story dwelling 4S East
Scveaty-nrth street. 15.6x1022, to
buyer said TO be client OF Pease & Eli
man.
Mrs. II. Winter sold the three story
and basement dwelling 1875 East Seven
ty-eighth street. 1S.6x102.2.
Suburban Transactions.
William Liss. Inc, sold TO the Gran
dali Realty Corporation the plant of the
Borden Condensed Milk Company at
Brewster, ". Y, consisting of fifteen
acres. factory buildings containing 10000
square feet and water power on the
The New York herald., 1921-02-13

"From January 1 70 February We
transacted business OF a similar classi-
hca;ion amounting 70 upward OF SS,-
100000 The week just passed shows
proportionate increase, especially when
the ratio OF the number of Investors TO
the total amount OF business transacted
Is taken into account"
The New York herald., 1921-02-13

guaranteed mortgages at 5h per cent.
Is on the whole much more desirable
than or 10 per cent on certain other
securities. That is as II should be and
II Is what we've been trying to educate
tho public 20 for a long time.
81 think the following table OF sales
Just handed to mo. showing the results
OF our business IN New York and Brook
lyn for the week ending February z.
will speak for itself:
The New York herald., 1921-02-13

home OF John p b. Lynch on South
street, Murray Hills. n. J.
Herman Frankfort sold at Inwood,
L. l.. for John J. Keppler to Vincent
Ferraro a large plot on Jefferson street
TOR Improvement.
II. Goldschmidt sold three story
dwelling and garage on Wyckoff place.
Woodmere. to Alfred A. Herman.
Old Church Site Was n Gift.
The property on which the old First
Presbyterian Church of Montclair. n. j..
stands was given to the church in 1887
by Nathaniel Harrison Baldwin. who
owned and lived on the property ad-
Joining. In announcing the sale of the
church to Commissioner Hinest c.
Hinck in these columns IL was stated
that the Presbyterian Society purchased
the site.
The New York herald., 1921-02-13
Old Church Site Was n Gift.
Offers rs Dwelling. mt Auction.

Twenty-Five new one family dwellings
In the Heights section of Bogota, N. j..
will be sold at auction In the vesey
Street Exchange by Joseph p. Day on
Thursday. March 9. at noon. The houses
will be sold subject to a long term amor
tizlng mortgage. held by the Metropoli-
tan Life Insurance Company. Seventy
per cent. OF the purchase price may re-
main on mortgage at 6 per cent
The New York herald., 1921-02-13
Suburban transactions.

William Liss. Inc, sold to the Gran
dali Realty Corporation the plant OF the
Borden Condensed Milk Company at
Brewster, N. Y, consisting of fifteen
acres. factory buildings containing 10000
square feet and water power on tho
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-05-31
DYING man bLAMES.
FORMER EMPL0YE.
Seyerio Petitio, Shot on Chris
tian Street, Lives Long
Enough to Make Charge
POLICE ARREST SUSPECT

Severio Petitio. master barber. OF
500 South Fifth street. found uncon-
scious from bullet wounds a: Eighth
and Christian streets early today.
rallied before he died and blamed a
former employe for the shooting.
Petitio was found on the sidewalk at
I o'clock this morning by Detective
Capallino, Of the Seventh and Car
pcntcr streets station. He died an hour
later in the Pennsylvania Hospital
after giving a statement to Magistrate
Stevenson.
As q result Of this statement police
arrested Severio Di Phillipo, forty years
old. at his home on Garrett street near
Fifth. Detectives allege the dying man
accused Di Phillipo of the shooting.
Joseph hi Phillipo. cousin OF the
accused man. living at the same address
on Garrett street, was arrested as a
witness.
According to Petitio's dying state
ment. hi Phillipo had been employed by
him until recently. They had an argu
mcnt over the union scale Of wages and
hi Phillipo left the shop.