New-York tribune., 1921-12-25
Tribune's Ne,
Home NearC;;,
"Crossroadi
Two Blocks From ia i
Where Millions Of p.|
Come Daily; Theater. Y
Terminals for Neighhs'

sections in the world. Story s.s
gossip have carried the repu.,,
Forty-second Street as the mo.s :.
spot in New York life to n.o.,
corner Of this and other COM coz = IS
Literally speaking every one xmas E
has heard Of Forty second strs..
Broadway. The Tribune, as b.s B
announced, has acquired the lar,.
a. 2l9 to 229 West Fortieth s,s.., &
the site for a business home
Some time in the early sosi,. 4
buildings on the land. several sv. a
fats of the commonplace TYNE sa &
taken possession of by wrecke,, E
weeks later the old-timers will /. E
Of the way and foundation hui, B
will then come on the scene n :. II
preparations Tor the building y. E
Will be erected there for The -
Early IN 1923 tho nov struc.u,. B
plant Of 1..e Tribune will b. rsss. II
another lc7~ period Of service IA IS
readers. Is
The uptown location was s...
after long investigation and stud, Il
many neighborhoods It was fon,a Il
be ideal for morning nexspan.r i
cause it is at the hub Of trans;, :.
within the city and to par,s how.
The wonderful growth Of the citv Il.
The Tribune established on wbs, =.
formerly appropriately named "N,,,
paper Row" has reduced the yslu, Il
the old section from the standpo;u, Il
a morning publication. When I'll
Tribune located a. Nassau and snru.
streets New York was almost enti,s.
within few blocks Of its doors. n
any rate. this was true so far a. M.
ulation was concerned. Forty.sefss;
( Street and Broadway at that time enr
. manded little attention. for there ",
nothing that indicated that II voo,
ever hold a business nositiou on 1
level with Wall Street, Broad Sirss
Newspaper Row ana other 1ocst;o-
close to tht headquarters of The Tin
une.
Population Spread Afar
IN the last decade or two neonL
have been swarming to the east su
west, as we'll as TO the north In.
proved transit and promised .ravejn
facilities induced people to 90 beyon(
! the East and the North rivers, as thos.
sands oI families were forced out d
the old locations by the great pressBn
Of trade in the older sections. This
/ pressure has revolutionized real estsis
values and the uses to which property
has been put in the old district.
Newspaper Row to-day is decided,
an office building section. Space tbeEf
is too valuable for manufacturing p
poses. Competition for it is 50 gr~
that many tenants who came there "
The Tribune and ether Of the Ne
York papers actually have been drive
to other parts Of the city. Wa
Street is greater business dstn,
than it has ever been The narrow lttl
street that is the center of the bankin,
and stock brokerage business of Ne'
York and the hanking streets have no
sufficient space for the needs Of tn
bankers and stock dealers of New Yors
For ten years Wall Street" has bee
spreading out to the north. The es
Establishment or the Federal Reser
Bank on Nassau Street at Maiden Ian
has stretched wall Street" fartas
north than any one ever dreamed. Al
though the Semifedcral bank buildn
is still in the minor stages of constru'
tion colony Of financial institution
is now gathering around the hole Ou
of which the Sl5,000,00o banking strut
ture viii rise.
New spapcr Row Memory
Attached to WAL Street" are man
other businesses. Corporation lawye.
for instance. find it necessary to
close to their banker and broker el
ents. Attached to law are other bus
nesscs or professions which must
accommodated convenient 10 the inte
csts which they serve. This spread
business on business has override
the lower cnd Of Manhattan. drive
out the printers, leather makers, an
other factory Interests which for mar
years were distinctly part of the lo'
er business district OF New lor
Newspaper Row has been hit hard
this gradual development. When II
Tribune goes there viii be only ts
papers left on News paper Row,
Park Row betweea Broadway and u
Brooklyn Bridge was known for MAJ
years. The " orid and the New fo
Commercial. which is using the form
plant of the New York Press in u
Potter Building at Park Row and Bee
man Street. are the only papers
sides The Tribune or the Row. Inc
papers and their plants are now su
rounded by the Offices Of executives
some of the leading concerns OF u
country. In the Tribune bulioI'
there are lawyers, bankers and intern
tional concerns of VIDE reputs'lo
They want TO be close TO the moa'
market of the world. -,
For several years the owners OF 4
Tribune have felt that the premis,
occupied by their paper were pso
needed by the businesses which nc
dominate the old Row. The spre'
Of population also determined tne
ccsslty of surrcndering the old corn
whlch has been associated with p'1n
ing and The Tribune for eighty yea
At the Crossroads
The new location is two short oio.
from Broadway and Forty-seco'
Street, which may be termed the cros w
roads OF New York. Every town na.
four corners, and Forty-second our
ana Broadway is New iork's. IL ls
focal point of transit, both urban =
suburban; it is the center OF the sie'
est hotel and theater section IN
world. Americas finest shops are
Gated there. SO many banks are ''s s
that it is called Little Wall Stree''
Several of the leading railroads
the country terminate in the area; =,
is tie fastest growing locality ID =
York, and in past years has neen
only district which has provided rsss
knickerbocker with a substsntlai .
crease in taxes. 1t is one OF tne :
d;eYr,c+S whore the cify tax eApt'