davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-02-13
w. E. HARMON CAFES
INTO CRYSTAL BALL
Says Prosperity Depends on
Overthrowing Rent Laws and
Breaking Illegal Combines.
ny WILLIAM r. HARMON.

From the point of view of real estate
the year 1920 came in with bells on not
a cloud appeared on the horizon. The
building record Of 1919 heralded an even
greater building movement for 1920. For
tho first time In ten yeass rents were
on a level that made investment in real
estate attractive and owners of property
anticipated the wiping out of the deficit
OF past years.
Tt was true housing accommodations
were 100 per cent. occupied, but the de-
nland was the result of prosperity and
the feeling that people could afford to
expand their living quarters. AS is
always the case under similar circum-
stances there was some profiteering. but
most of II was because people were able
10 pay liberal rents and bid against
each other for accoulno odations.
Than came the series of rent laws
that were passed in Albany, which not
only stopped investment buying, but put
a quietuS on all building. The demand
for private houses ceased and many
builders went bankrupt.
The outlook for 1921 depends entirely
upon two factors. One ia the attitude
of the courts with respect to the con-
OF INC ICCenl rent ldNo,
the other Is the success OF the factors
ct work In breaking up the combina-
tons of material men and labor organi-
zations. If the courts should determine
that under the police powers OF the
State the operation Of the law of supply
and demand should cease to function
the real estate business in 1921 will be
a duplicate of the last months OF 1920.
II the rotten combination among ma
terial men is not destroyed 1t will be
impossible to build houses at any price
for which the public will stand II. on
the other hand, free competition again
prevails in the labor and material mar
ket and private property once moro Is
vested in the control OF It's owners we
can look forward to the most wonderful
market and building movement that New
York has ever seen.
Ultimately the dam behind which de-
mand is piling UP will be swept away,
but whether that will come in 1921 or
1923 is a matter no one can determine
In advance. 1t Is enough to know that
the longer the natural laws are pre-
vented from acting freely. the greater
will be the suffering of the people.
The New York herald., 1921-02-13
ny L. RAY HOWE,

Vice-PreSideftt, Queensboro Corporation.
There are three types of buildings
which consume most of the material and
employ most Of the labor in the building
industry in New York city-office build
ings, factories and living accommoda-
tions. both single and multi-family.
The postwar boom has caused an I'M
mense number of factories and office
buildings TO be started in Greater New
York. a few Of which have been finished
and many more of which are in course Of
construction. Since the inception of this
enterprise the industrial depression
throughout the country set in and the
demand for office and factory buildings
has fallen off to such degree that II
looks very much as though there would
be an oversupply OF factory and Office
buildings in New York which would
take two or three years to absorb.
The situation with regard to living ac-
commodations, however, is very different,
due in part TO the rent laws and in part
TO the postwar scramble for such ma
terial and labor as was available, in
which the office and factory builder
could afford to pay more than the resi-
Dental house builder for the available
supply.
There Is, therefore, a shortage In liv
ing accommodations in New York. par
ticularly in houses of moderate cost and
in apartments at medium rentals. Over
crowding, discomfort and unhealthful
conditions have resulted and the whole
situation is in a state Of unstable
equilibrium.
The public has been fed with the in
formation. most of which comes from
irresponsible sources. that the cost of
building will be very much less in the
near future. and ii has been deluded by
this hope into putting up with the pres
ent annoyance and inconvenience, hoping
to procure quarters in these newer and
presumably cheaper buildings. This at
titude on the part of the public has in
jured the few builders who have put up
houses and who are unable to sell them
because of the lack of public confidence
in the stability of present prices. These
few houses, therefore, not finding mar
ket have caused builders TO withdraw
The New York herald., 1921-02-13
PREDICTS POPULATION
OF II, 100000 IN 1850

New York city will have a population
OF II. .Oco. 900 in 1860. according to predlc-
ton made by Walter I. Willis, secre-
tary OF the Greensboro Chamber of
Commerce, in an address last week at
tho Kiwanis Club luncheon in the
Hotel McAlpin. or this number. Mr..
Willis said. Queens would furnish
100000. The speaker based his assump-
ton on the fact that as Queens has 81
percent. of the total area of the city. ac-
cordlnS TO It's present rate of growth
it should I'm twenty-nine years contribute
at least q per cent. of the total city
population.
Mr.. Wills ascrlbed the marvellous
growth Of the city TO the gift of nature
In the shape of an unmatched harbor,
the building and operation OF the Erie
Canal and later of the barge canal, the
use of steel and concrete In building and
the Inauguration OF transit. The recent
extension of horizontal lines into Brook
lyn. and especially Queens, the speaker
said, would make possible heretofore un-
dreamed OF growth in business and pop
ulation.
The New York herald., 1921-02-13
NEWARK TRANSACTIONS.

Tho United States Tire Company
leased through Louis schlesinger. Inc.
the building at 800 aud 3i1 Central ave-
nue. through to IS jay street. for sales
f0tcn purposes. Cross e. Brown OF this
city represented the lessees.
Commercial Casualty Insurance Com
pany has purchased through Felst &
Felst the !. H. Ballentne homestead. at
4i-45 Washington street, and will later
Improve the site with a ten story office
building for its own occupancy. The
property Is opposite Washington Park.
The buyers will use the present structure
for offices.
Felst g. Feist rented n store on South
Canal street for the National Drug Com
pany 20 r. T. Macdonald and John
Macoffer: also the Hotel Belvidere, at
500 and 90t Broad street, 10 Joseph
Garvin OF Tuxedo Park. ". Y, for the
s. Leschlzner Realty Company.
The New York herald., 1921-02-13
TOO MANY OFFICES.
TOO FEW DWELLINGS
Home Seekers Still Go Begging While
Builders Produce Excess of Factory
And Business Structures.

from the field with a determination to
stay out of building until the public de-
mand for living accommodations revives.
1t may be well to analyze for a mo-
ment this question of cheaper building
in the immediate future. Continued
high prices of coal in the face of a great
decline in many other fundamental COM
modities makes il extremely unlikely
there Will be very much of a decline In
the price OF a large number Of building
materials in which coal is a large ele-.
ment Of cost such as lime. cement. &c.
The lumber market has suffered a
temporary collapse because of COM
plete cessation of demand due to the
ovorspeculation of the postwar boom In
this material A permanent factor In
the Increase of the cost of tais material,
however. has been introduced in the
new freight rates. which fall with par
ticular severity upon all bulky and heavy
materials, such as lumber.
The skilled trades. which constitute
the major part of the labor engaged In
the construction of buildings. are very
much undermanned In New York city
many OF the unions having fewer men,
bers than they had ten or fifteen years
ago. There has been a tendency toward
increased efficiency since the falling off
In building. but the question of how long
this efficiency would be maintained II
building were to resume Is. to say the
least. very uncertain factor.
Perhaps some of the most serious de-
terents to increased volume of build
ings are high interest rates and a dis
proportion between the amount loaned
upon a building and its present cost of
production, which requires a builder to
invest a substantial amount of his own
capital In the construction of buildings.
The effect Of this is to limit the possible
building to a relatively small number of
people who have sufficient funds to make
up the difference between the small
loans and the high cost These builders
are not going TO put their money into
rental propositions under the present
rent laws. particularly in view of the
fact that If the situation is not relieved
the rent laws are likely to be continued
In effect for further period. They can
only be induced to build If they can sell
their houses at least without loss.
The New York herald., 1921-02-13
ATTACK PROVISIONS OF
LAWS TO FIGHT RATS
Realtors Object to Cost of
Waterfront Alterations.

The building laws and regulations
committee of the Real Estate Board OF
New York met last week and considered
n number of matters of Importance to
taxpayers that are scheduled for hear
ings before the Board of Standards and
Appeals. Among these were certain
amendmentsrto plumbing rules designed
to make construction somewhat cheaper
without materially affecting the stand
ard of construction. These rules were
approved. with the exception Of certain
provisions applying TO plumbing in the
suburban areas within the city limits.
The committee gave serious considera-
ton to the proposal for "ratproofins''
buildings within 500 feet of the water
front and for protecting windows and
other openings with wire screens. Both
these proposals are introduced on the as
sumption that they will protect the citi-
zens from the bubonic plague. IL would
entail an enormous amount of expense
on property owners along the entire
water front OF the city of New York.
The committee believes that. aside
from the expense. the means suggested
would not accomplish the desired results.
but on the contrary would have a ten
dency to spread the menace, as the rats
would be forced into the innermost parts
of the city instead of keeping TO The
water front. The committee believes
that the municipal authorities ought 70
provide some other means Of attacking
the rat plague by giving special atten-
ton to docks and ships. This proposal
will come for hearing before the Board
of Standards and Appeals on January 20.
The committee approves certain pro-
posed definitions relating to public
garages, gas selling and service stations
and repair shops and in relation TO the
In cfal l1ot 0f cprfaip Of QfIofral
windows. The committee will hold
meeting soon TO discuss certain orders of
the Fire Commissioner in relation to fire
shutters and other pending measures.
The New York herald., 1921-02-13
SAYS BUILDING REVIVAL
DEPENDS ON INDUSTRY
S. w. Straus Finds individual
Thrift Also Necessary.

TT Is becoming continually more ap-
parent" says S. w. Straus OF S. w.
Straus & Co., that private business
industry. augmented by practices of
thrift upon the part OF the public. will
prove one OF the chief factors In maxi
ing possible active building conditions
during the 1891 season. Forces and
agencies that have built up our great
American cities are still In existence
and will again function normally as
general conditions reach normality. At
the present time business seems to be
mending rapidly and a spirit OF optim-
ism Is manfesting itself. Conditions are
beginning to brighten UP. AS this i'm
provement grows II will be found that
a reawakening of building activities will
come with great force.
THE people OF this country have to n
great extent settled down to a realiza-
ton OF the fact that they must work
and save and spend with prudence In
short. they are finding that stabilized
conditions can be brought about only.
through the general application of the
principles of thrift. While everything
possible within the range OF wisdom
and fairness should be done by legisla-
tive bodies to stimulate building II must
be borne In mind that certain duties
and responsibilities rest upon private
interests and the public In general. II
will be better for the industry In tho
long run II the present shortage Is
eliminated through normal processes
than II artificial and experimental rem
cdies are applied.
''It is we'll TO bear in mind the rapid
growth along substantial lines Of the
great cities and towns OF this nation,
and that the principles and policies
which have been the underlying cause
OF this remarkable attainment, chal-
lcuzins tho admiration of the whole
world. will again be brought into force
with tho restoration OF general normal
conditions.
"Tho need OF Individual THRIFT Is espe-
ciallv brought out by the building sta
tlstlcs OF the past year. which are Just
now being completed These show n
great comparative loss iu residential
construction, and II Is apparent that an
active era OF home construction IS es-
sentiaI The actual amount Of rcsden-
tlal space contracted for IN 1922 was
sughtlv mere than half as much as The
amount contracted for In 1919. New
construction last year was, according to
latest available statistics, . per cent
Iess than in 1919. one-third OF our build
ing activities In 1919 were devoted TO
residential buildings. while the proper
tion In 1870 was about one-fifth OF the
total.
The New York herald., 1921-02-13
New Jersey League Entertained.

At the regular monthly meeting OF
the New Jersey Real Estate League
held in Newark on Tuesday. January
25. the board OF governors and officers
OF the league we're guests OF the Board
wood at a luncheon in the Washington
restaurant. From there they motored
to Morristown. where the regular busi-
ness meeting was held In the evening
George w. Morse OF Boonton. gov
ernor OF Morris county. was the host
at "A dinner given the league at Days
restaurant Following this with the
aid of the league members, Morris
county formed q tentative board
The New York herald., 1921-02-13
WOULD FORCE REALTY
MEN TO HIRE LAWYERS

The Real Estate Board has notified
proves his second attempt to get a bill
through the Legislature which in effect
would prohibit any one but a lawyer
from drawing any document connected
with the sale. transfer or lien upon any
property. real or personal
The Real Estate Board points out that
this bill, which applies to cities only.
would make It difficult for real estate
brokers and all realty owners and op-
orators who have no lawyer connected
with their establishments to do many
OF the things they are Obliged to do in
the ordinary course Of their business.
Another bill which does not meet the
approval Of the board Is that by As
semblyman Donohue. which seeks to
amend the charter Of New York city so
as 10 prohibit the demolition OF buildings
used principally for dwellings, except
upon tho written permission Of the
Board OF Standards and Appeals. The
measure would also provide that no
building shall be constructed or struc-
turally changed for any purpose other
than for dwelling purposes except by
permission Of the Board Of Appeals.
Tho Real Estate Board does approve
Of Asscmblyman Lolninger's bin which
would confer upon the Board OF stand
ards and Appeals authority to review
orders and determinations OF the Tcnc-
ment House Commissioner. with power
IN tho disposition Of such appeals. to
vary or modify provisions OF tile teuc-
ment house law TO the Same purpose
and extent as tho board Is now empow-
cred to vary tho labor law, the build
ing code and the firo prevention pro-
visions OF the charter and the code Of
ord nann
The New York herald., 1921-02-13
QUEENS HAS HIGH RATING.
stands Third Among cities In Per
Capita Building Valuation.

The Borough OF Queens stands third
among the cities OF the country in the
per capita value OF new building con
struction and eighth in the total value
Of that construction. according 10 sta
tistics just tabuated by the Greensboro
Chamber OF Commerce.
The two leading cities which mako
better showing than Queens arc; Los
Angeles, Cal. total construction, s6O.-
023.600: population, 575.4s0: per capita,
'fi0i, and Cleveland. Ohio. total construc-
ton. S65.s25ico; population, 796,S56; per
capita. $3.50.
The New York herald., 1921-02-13
BUSINESS OPPORTUNITIES.

II you or your son wants distinctly gen
tlemen's" vocation. simple and free from
tant department OF a well known publishing
business can be bought on favorable terms.
This department has large profits In spite
OF most unfavorable war conditions and Is
susceptible of great development. The rock
bottom price Is book value OF about sos 900.
plus $50, 900 for publishing rights, trade
marks and extremely valuable good will; net
profits of $4,000 annually can be earned at
once. Some of the best known men In the
literary and business world will testify to
this uniquely favorable opportunity, to con-
tinue for life an internationally known sue
cess which is being sold for sound reasons.
which will be explained only to real BUYERS.
not brokers or information seekers. Write
and II you letter merits. an appointment VIII
be arranged. r 1858 Herald. Herald 50.
The New York herald., 1921-02-13
$1,000. 600 Loan on New 20. Bldg.

The American Bond and Mortgage
Company OF Chicago. W. ]. Moore preel-
ldent. has made first mortgage build
ing and permanent loan OF 100000 to
The $3.50 varick Street Corporation. ].
r. Armstrong president. on $3.50 varicls
street. through TO 81. Johns lane. for
the erection OF a five story modern
flreproof structure TO be used as
United statcs Post Office. The deal was
The New York herald., 1921-02-13
BUSINESS OPPORTUNITIES.
FOR SALE.
OPPORTUNITY OF A LIFETIME.

Sash and Blind Mill with Machinery.
Fully Equipped.
Property 150x20O.
Brick mill. story. frame office
buildings and double garage.
wonderful opportunity 20 obtain a
profitable. paying proposition for the
price OF buildings and machinery. This
company has a reputation OF 60 years
In business without a failure; good
will and name OF company go TO pur-
chaser: excellent bank references:
rated" Located In New Jersey,
within 100 II. siding on Ere Railroad
and only 10 minutes froyI the Wee
hawken Ferry.
II wanted. present owner would re-
main with purchaser at a nominal
figure for year or more.
Address Y 634 Herald. Herald So.
The New York herald., 1921-02-13
BUSINESS OPPORTUNITIES.

PRACTICAL placer miner orfers for
sale 60 per cent. interest In placer
ground favoraoiy located In the
equipment; estimated over ons million
yards average value So: cost OF ex-
traction so cents; SIC, 900 viii Start
production in two months: $40. 900
additonai Tor complete installation:
titles perfeot;y workable all year
around; highest references given ana
required. o 404 Herald. Herald So.
The New York herald., 1921-02-13

A MANUFACTURING concern estab-
lished for over 15 years and known
throughout the country in It's field.
Owing to the retiring OF one of its MEM
bers there is an opening for high class
preferably young man with business
ability and vision who can make an in
vestment of $4,000 to $4,000. The In
vestment may not be necessary until
party has become associated with the
concern and found that II Is mutually
satisfactory. Please give all particulars
possible. Same will be treated conf
dentialy. 633 Herald.
The New York herald., 1921-02-13

CAPITALIsTs.-Agricultural bank
or wishes to obtain support for
plans TO assist farm tenants to be-
come owners OF their farms; mod
crate investment desired for pre-
iiminary work. Ga Herald.
The New York herald., 1921-02-13
WANTED

WANTED,
a thoroughiy experienced man on auto cleo
tricaI equipment; one CAPABLE of taking
charge OF a department, or who has capital
TO run a business OF this kind In our build
ing. Apply TO WILLARD SERVICE STA
TloN. 1893 Ellison ST.. Paterson. N. J.
The New York herald., 1921-02-13
APARTMENTS WANTED.
Unfurnished.


AFARTMENT'-Thrc rooms, kitchen and
bath wanted by Christian adults; S30-s35.
Siuyvcsant or Bedford section. Decatur 4i43
rOUR or five rooms. bath, between Goth
spth and Park and 80. $50. X 33s Herald
Herald sq.
WANTED.
Unfurnishcd. q Or light room apartment,
housekeeping. between Washington su. and
t9th st. cast or west; well located. L cts
Herald. Herald So
WANTED-ro sublct. six room uufur-
nished apartment or small house for five
iiy. p soi Herald. Herald sa. So '''' '
The New York herald., 1921-02-13
BUSINESS OPPORTUNITIES.
GOLD MINING PROPERTY.
SALE AT PUBLIC AUCTION.

o<ALG Al fGDLiO <AOO4AOA<s
Pursuant to resolutions OF the Stockholders
and directors, the entire property. real and
personal. OF Eskimo Gold Dredging Com
3any. a Delaware corporation. Will Be sold
az public auction flor cash TO the bighsst
bidder on March g. 1921. at ~ o'clock A. n.
Room 1862. No. 200 Jtl av.. New YorK. N. z.
The properly was operated during the year
1910 and. after normal repairs, will be In
condition for operation during the 1921 sea-
SON. II includes patented mining ground.
mining claims, electrically equipped dredge,
power plant and transmission line. tools.
buildings. machinery and cquiynsosii. suppIes.
DC Drillings already made show gold In the
ground aheA> ii the dredge sufficient.
cordin> 70 the managers recent annual re-
port, to make substantial profit for the
coming year.
Details Of the property and terms ana
conditions OF sale may be had on applica-
ton to the company at address given above.
ESKIMO GOLD DREDGING COMPANY,
200 Fifth Avenue.
New York. ~. Y.
The New York herald., 1921-02-13

HOE CORPORATION. engineers and manu-
facturers OF small and medium sized spe-
cial machines; our engineers will assist In
design and development of machines IL do
sired we make our own castings. both
bronze and gray iron: have expert machin-
lists and tooimakers. forge. pattern depart.
ment. sheet iron department. japan ana
Poughkeepsie. N. Y.
CORPORATION CONNECTED WITH
STEAMSHIP BUSINESS REQUIRES A
BRANCH MANAGER; PREFERENCE
GIVEN TO A CAPTAIN OR CHIEF EN-
GINEER: MUST BE ABLE TO TAKE
$1,000 81, 900 STOCK; ONLY MEN WITH
EXECUTIVE ABILITY NEED APPLY.
] 625 HERALD. $50 B'WAY.
WILL sacrifice half interest in estab-
plenty Of business In hand; located near
New York city In growing section Of New
Jersey; good reasons for selling. only
$4,000 for quick turnover; no triflers;
only financially responsible persons need
apply. Y 5s5 Herald. Herald SO.
FEED. COAL and LUMBER business for
sale in good town of $500; on main line
r. r.. grain handled by machinery: coal
pockets. lumber yard and store houses. In
good collections; will sell at invoice. every
thin, included. for about S25, 900: quick ac-
tio,f. 630 Herald. Herald SO.
ESTABLISHED INDUSTRIAL BUSINESS
seeking capital for expansion. or
desirous of selling. communicate with
RAYMOND S. FROST CO..
SUCCESSORS TO ROBERTS-FROST CO..
sos FIFTH Av. MURRAY HILL 1851.
The New York herald., 1921-02-13

BUSINESS MEM Do you want money to ex-
pand your business? Have the banks cut
down your line of credit? II so. create a
BOND issue; back your credit with your own
assets; get money from the public: informa-
ton free. NATIONAL ORGANIZATION CO..
1913 w. Madison. Chicago.
The New York herald., 1921-02-13

A we'll known and successful stock selling
agency desires to secure an issue ofvstock
to float through It's clients direct; an old
established house. with best bank and COM
mercal references; money must be for ex-
pansion OF the business. SUCCESSFUL, box
1913 Herald. Fulton ST.
The New York herald., 1921-02-13
BROAD BUSINESS MAN,

with executive ability. as officer of New York
corporation, automobile specially; experience
absolutely essential; investment not neces-
sary. z 3s3 Herald. Herald SO.
The New York herald., 1921-02-13

WANTED. $4,000. guaranteed TO pay
10 per cent. annually, and the
amount viii be returned In one or two
years. p SAG Herald, Herald so.
The New York herald., 1921-02-13

OPPORTUNITY to acquire for s15 900 cash
an active interest In well established
toilet article manufacturing business MAX
Ing nationally known creams, perfumes. sc.
Established clientele, investment secured.
Owner wishes 20 retire. Address w. II. S.,
room col. 100 Liberty ST., city.
The New York herald., 1921-02-13

FOR Sale-Gold mine. located In best gold
mining district of Arizona: SIX claims with
good showing: little work will show UP rich
vein: sell on very reasonable terms. X 337
Herald, Herald so.
The New York herald., 1921-02-13
GOING TO FRANCE.

Do you want a capable man TO take charge
OF your business affairs in Paris-buying or
selling? Have five years experience with
French: best references; only estabiisheo
houses considered. 32s Herald. Herald sQ