The New York herald., 1921-06-10

in the State of New York. 1t is i'm
portant tc the community OF this State
90 see that more substantial part OF
its money Is invested in mortgages on
real property in the State OF New York. =
Shows where Money is Invested.
AS basis for further investigation
of the investments of Insurance COM
oanies MIR. Untermyer had introduced In
evidence series of more than 200
schedules Of the investments and the
revenue derived therefrom by all the
principal life and fire insurance COM
panies doing business within the State.
The tabulations are most comprehensive
in character and were prepared for the
committee by certified public account
ants at q cost OF about $4,000. what
they show will be used later as basis
Tor proposed legislation TO compel prU-
portion of the assets of these companies
TO be invested in bonded mortgages, &c.
Mr.. Untermyer opened his attack upon
the owners of office and loft buildings
by calling Louis b. Daley. renting agent
for the Equitable Office Building Cor
poration Mr.. Daley brought no docu-
ments or data, and after being reminded
that he had been asked to produce them
Mr. Untermyer gave him an hour TO
return for his books and leases and IN
structed him to bring back with him
President Mortimer and II. b. Miller
treasurer of the corporation.
At the end of the hour the three
officials were on hand, but witsout
the leases and with only partial list
of answers to the committees question:
naire. Mr. Daley was on the witness
stand when Mr.. Untermyer asked:
H. 20 tF-xFf ftIr
this committee?"
The witness denied the suggested pur-
pose, but was unable to say how long
it would take him to prepare the intor-
nation the committee demanded. After
some further parley, however, he agreed
TO permit an accountant from the COM
mittee to begin work on his books TO-
day and assist in the preparation OF the
data In the form the committee wants It.
where Rents Are Doubled.
While waiting for Mr.. Mortimer TO
make an appearance Mr.. Untermyer put
into the record long list OF cases OF
advanced rentals in business buildings
where the increase showed 100 per cent.
or more. One of the buildings included
in the survey happened to be AZ Broad
way, in which Mr.. Untermyer himself.
as a trustee for his family, obtained n
half interest only four weeks ago. He
admitted that there had been no change
in rentals since his interest was taken.
but agreed that the advances shown
since 1916 had been pretty stiff In
no cases were the names of the tenants
disclosed in any Of the transactions that
were put into the record. Here are a
few of the more marked increases:
In the Maritime Exchange tenant
who paid S1.140 in 1918 now pays $3.44l.
Another tenant. who paid S22S in 1915.
1884 in 1916. S433 in 1920. pays s740
now.
In the Graf Building. 112 West Twen-
ty-fourth street a tenant who paid
S13,500 in 1913 pays $4,000 now.
In the premises at 70 Madison avenue
tenant paid $3.50 in 1915 and S6,40n
in 1921. Another tenant, paying $4,000
IN 1915, $4,000 in 1916 and 1917, $4,000
in 1920, has been raised to $4,000
In the johnson Building. 1881 Broad
way. a tenant paying $4,000 in 1916 and
$1,000 IN 1913, pays $14.500 now. An
other In the same building, paying
$4,000 in 1916, had the privilege Of
paying $4,000 in 1917 and $4,000 IN
1918. and pays $40. 900 now.
Blair & Co.'S building, 2i Broad
street. tenant having lease at the
rate OF $4,000, from May /. 1924, has
TO pay $4,000. These leases were made
until 1924. Another having lease of
$4,000 until 1924 has the privilege of
paying thereafter at the rate Of 0,000
a year. Still another at $4,000 has a
like privilege at s21,576 and another for
$4,000 has a like privilege at s21.576.
From s1,sOO to $3.e12.
The building at 71-73 Nassau street. n
lease of S1,S00 in 1919 increased to
$4,000 in 1920 and $3,612 in 1921. A
lease Of $3.50 in 1919 increased to
s1.4oo in 1920 and to s2,S12 In 1921.
The Adams Express Building 81
Broadway in 1919, lease of $500 in
crease in 1920 to $1,000. and in 1921 to
s13,500. A lease of $4,000 in 1919 in
creased in 1920 to $2,S5O and in 1921
to $4,000. In 1919 a lease of $4,000 in
creased in 1920 to $4,000. in 1921 to
$4,000.
In 1920 a lease of $4,000 increased
to s11.500-about 10 per cent. A lease
of $4,000 in 1920 increased in 1921 to
$1,000. In 1919 q, lease OF $4,000 in
creased In 1920 to Sc, 900 and to 10000
in 1921. In 1919 a lease of $500 In
creased in 1920 TO ss.4o0 and in 1921
to S13.500. A lease OF $4,000 in 1919 in
creased to s2.s50 in 1920. and to $4,000
IN 1921. A lease of $4,000 in 1920 in
creased to $4,000 in 1921
so East Forty-second Street-New
lease In 1918 at $1,000, new lease in
1920 at $4,000, new lease in 1921 at
S2,S00. Another tenant in the same
building. s4.25O in 1919. $3.50 in 1920.
$4,000 In 1921.
No. 26 Broadway, the Standard Oil
Building, a tenant in 1915 and 1915 paid
$500. $4,000 in 1917. s2,250 in 1918 and
1913, $2e50 In 1890 and 81. 700 in 1921. An
other tenant in the same building paid
$1,000 during his lease from 1915 up to
1920. and the modest sum for 1921 OF
s32.500.
No. 81 Wall street, s11.5O0 in 1917, APP
parently under lease. which ended In
1870 and now leased for 1921 at S27, 800.
No. / West Thlrty-fourth street. $4,000
in 1915 and 1916 5000 in 1911. 5000 in
1918. 5000 in 1913. $500 i'm 1890. but
figures were not given for 1921.
The Bankers Trust Company. IL Wall
street. a lease Of 5000 in 1920 increased
TO $1,000 in 1921. A lease of s1S.500 in
1920 increased to s2s.7oo in 1921.
The Astor Building. at 10 Wall street.
a lease of 1895 in 1919 increased to s,30c
in 1870. The figures for 1921 were not
given. A lease Of $500 In 1919 increased
to $500 in 1920. with the figures for 1921
missing.
Big Jump I'm Jamaica.
So IN. list ran all over the city. One
case. at 375 Fulton street. Jamaica,
showed a jump from $1,000 in 1915 TO
mn tv lVtfhds7 hp OF uhprp