davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-12-11
By Frederick P. Fox

President Frederick; For C Co., Inc.
Uncle Sam made the interesting an
nouncement last week that one
twelfth of his manufacturers are in
the City of New York and of the 32,-
626 factories in the greater City, 49,
OIL are in Manhattan. 1t might be
added that in Manhattan practically
All OF the factory and mercantile
houses are now centered in the zone
generally spoken of as the Penn
sylvania-Grand Central" which broadly
speaking, can be described as from
Canal to Fifty-ninth streets and from
river to river. The zoning laws have,
in my opinion, anchored the industric $
OF Manhattan in this section and the
Save New York Movement" has gone
a step further and has marked the
various divisions in this section so
that no conflict of interests is any
longer likely to occur.
working with the great cooperative
movement of manufacturers in the gar
'ment industries, great cooperative
center has been established in the
very heart of the Pennsylvania Grand
Central" district The needle trades
comprise one of the premier industries
OF our nation, and the saving of it to
Manhattan has been no mean accom-
pllshment. Especially is this true in
it's bearing upon real estate values in
all mercantile sections. If for no
other reason. the future of real estate
along Fifth, Madison and Seventh ave-
nues, broadway and Fourth Avenue and
the side streets cannot be questioned.
| believe the operator, the speculative
nuliders or the investor who buys in
sections between these two cross
streets and preferably close to the ave-
nues which | have named will make
money.
Realty Increases in Value
The investor will make more than
the speculator provided he is not
tempted to part with his property for
the first profit that is oered. NV ad-
vice to the investor is to hold on, wait
lew years, yes, ten years, before
considering an overture to part with
property in this section of the CITY.
1t has been my experience that in
vestors are too hasty and often de-
prive themselves of opportunities to
get rich by selling too soon. New York
is growing SO rapidly, every day for
that matter, that one should remember
that the longer a parcel in an active
district is held, the greater will be it's
value. There are many who regret hav-
ing sold property in central district
when they did, because values there
have moved up very sharply in the
last few years.
Compare values on Broadway, be-
tween Thirtyfourth and Forty second
streets, of twenty years ago with those
OF to-day. 1t is hardly believable that
business conditions have improved so
wonderfully in that time as to bring
property values to the levels they oc
cupy to-day. The Manice estate in
1891, | understand, purchased the old
New York Herald" triangle for s44O,
600. To-day 100000 would be re-
quired to take the property 1t is
leased at yearly rental that is yir-
ttually yearly Lfortune. Had the
Nance family accepted some of the
New-York tribune., 1921-12-11
Nesv Revenue act
VIII Help Realty Sales

g INDIVIDUAL owners of real es-
T. tate who have withheld their
property from sale during recent
years because of the large income
tax payable ON the profits in case OF
sale. should read carefully that por-
tion Of the revenue act recently
passed by Congress which cuts down
substantially the tax levied on
profits derived from the sale or ex-
change of capital assets. An indi-
vidual taxpayer whose income is
such that he pays large supertaxes
may nevertheless be required 10 pay
only 1219 per cent upon that portion
of his income which accrues from
profits on the sale of capital assets,
as, for instance, real estate, pro-
viding he has owned the same for at
least two years. This is a distinct
step forward and should result in
bringing into the market many par
cells which otherwise would not be
sold. Another encouragement to the
sale of real estate is the removal Of
the excess profits tag, the repeal of
which becomes effective after jan
uary ! next-that is to say, the re-
lief will apply to the earnings for
the year 1922, the tax for which is
paid in 1923. This repeal of the
excess profits tax will be substan-
tial gain to those companies which
continue to enjoy earnings well over
s per cent on their invested capital
during 1922 and thereafter But
to those companies which are un-
fortunate enough to earn less than
S per cent on their invested capital
this feature OF the new law will
bring no relief. On the other hand
such a corporation will suffer a tax
higher than ever before, as the nor
nal tax has been increased from 10
to 12l@ per cent, and even The ex-
emptior of $4,000 which all the cor
porations have heretofore received
Will be taken away from those COM
panies having 4 net income Of over
$4,000. This increase in taxes
falls upon the companies with the
smallest earnings and it is unjust
that there should have been any
increase placed upon corporations.
The present Administration was
pledged to reduce taxes, not to in
crease them. and the additional
revenue should have been raised by
the imposition cf a sales tax, in
favor of which public opinion was
almost unanimous."-Clark G. Dahl
ly, vice-presideHt of the Alliance
Realty Company.
New-York tribune., 1921-12-11
Of
Beyond Doubt
Business Shows Value of Co.
partnership; Success i'm
the Ell ousing Field
if Conducted Properly
By Frederic Culver

President of Joint -Ownership Con-
struction Company, Inc.
A tenant-ownership apartment is
only a sound investment when in a
building erected by and operated un-
der the management of an efficient and
experienced organization; it also must
be organized under an approval plan
and one that has stood the test Of
time. The organization promoting such
an enterprise must have a thorough
knowledge Of buildings and the value
of properties and must subordinate its
own profits to the interests of the in
vestors. There have been many CO.
operative enterprises turned into ut
ter failure through the greed of the
promoters and the inefficient manage
ment Of the buildings after they have
been taken over by the tenant owners.
What Successful Cooperation Means
Depressing as this statement may
be. it should not deter the investor
from carefully Investigating any tried
out form of joint-ownership, whose
development is undertaken by expert
enced, reputable concerns.
Briefly, the fundamentals which
justify the creation Of any cooperative
First-Experienced judgment should
be displayed in procuring an attractive
site In a ncighborhood where values
are enhancing. Not neighborhood
which is dormant or on the down
grade.
Second-Thc type of building suited
to the site selected should be built.
Third-The building should be de-
signed along conservative lines, with
we'll arranged apartments and all use
less ornamentation, which serves no
purpose, but only adds to the expense,
should be eliminated.
Fourth-Thc profits to be made by
the promoter for all services in the
erecting of the building should be very
moderate.
Tenant ownership apartment enter
prises are bound to live and increase
in number. Well conceived and exc
cutd, their merits are not to be dis
puted, but the ability of the investor
to sell at any time is a very necessary
incident, and this can be satisfactorily
accomplished only when the market
value is given the original investor. In
addition to this, the organization which
has produced any such nterprise must
give the assistance of its selling force
to any patron who desires to dispose
of his holdings.
Subletting an apartment in a we'll
organized, we'll run copartnership
building is simple matter, for ten
ants are willing to pay a premium to
secure an apartment in such a building
They are assured not only of the COM
forts to be derived in a building occu-
pied by the owners themselves, but also
of congenial neighbors.
New-York tribune., 1921-12-11
Pedestrian Tunnel Under
42d Street Is Suggested

Dangers encountered in crossing
Forty-second Street at Vanderbilt Ave
nue., will be eliminated if the sugges
tion of the Forfy-second Street Prop
erty Owners Association is accepted
by the Transit Commission. The asso-
citation asks that tunnel for pedes-
TRANS be erected under Forty second
Street, connecting Grand Central, which
is on the north side of the street,
with the south side of the thorough
fare, at point west of Park Avenue.
Tho tunnel would expediate travel and
helpTthe traffic problem at Vanderbilt
Avenue and Forty-second Street.
New-York tribune., 1921-12-11

on bonds which they have in the last
few years.
II believe the country is entering on
a period of lower interest rates which
will naturally help real estate as we'll
as other investments.
eff gold continues to flow into this
country during the next three months
as it has during the last three months,
we may find the Federal Reserve Sys-
tenn holding 100 per cent gold reserves
aaglnst both deposits and notes com
bned.
"Iherc is little demand for new
credit now because of depressed busi-
ness conditions, but this great reserve
will! have to be put to work, and when
the credits based upon it are released
New-York tribune., 1921-12-11
President of Motor Firm
Buys Long island Estate
Harrison II. Boyce Acquires
l9-Acre Property, With Sew
eraI BUILDINGS. at Jericho

Albert B. Ashforth, Inc, sold for iss ~
Pittsburgh Building Company, John =
Phipps president, nineteen acres. VIZ
Il large remodeled farmhouse and oa..
buildings, at Jericho, L. L., to Harrisoa
H. Boyce, president of the Boyce Mos''
Company, of Long Island City.
This property has been in the pos
session of the Phiops estate for soms
years, and is in the immediate yiclnip
of the estates of Mrs. William K. van
derbilt jr., Judge Ebert H. Gary eng
Middleton S. Burrill.
New-York tribune., 1921-12-11
q. S. Population
Not Equal to
42d st. TraueIers

GTATISTICS compiled by the Tran
~ sit Commission show that the
number of persons who entered the
subways at Forty-second Street dur
ing the last year is 34,0O0,0O0
greater than the population of the
United States. This is one of many
reasons why New York real estate
is the most valuable in the world;
why it is the best investment and
why its worth will always be on the
increase.
The Cordova daily times., 1921-08-29
SHINCLE TAX
 IS DEFENDED
 BY MILL MEN
CBy Associated Press)

WASHINGTON. Aug. 22.-Reports among northwestern lumbermen that an attempt will be made to overturn the import duty of 50 cents per thousand on shingles as carried by the Fordney bill. brought a delega- ton of shingle manufacturers before the senate finance committee today in defense of the schedule.
 Representative Johnson, of Wash ington state. headed a delegation and announced if there is to be a fight i've want to he counted in" in sup port of a duty.
The Cordova daily times., 1921-08-29
INDIA REBELS
 INCREASING IN
 NUMBER
CBy Associated Prcss)

LONDON. Aug 29.-The rebel forces in the Calcutta district of India has increased to 15,OOo and the area of the rebellion has been extended, according to dispatches from Ala. hamba to the Daily Mail.
 A Bombay dispatch to the EX- change Telegraph says all the forests surrounding the Nilamur palace have been laid waste and every Hindu house footed. the rebel leader estab- fishing himself in the palace as ruler.
The Cordova daily times., 1921-08-29
WHISKEY LED
 FOUNDING OF
 BANK ROBBERS
CBy Associated Press)

CHICAGO Aug. 29.-Three robbers yesterday afternoon raided the vaults of Masonic Temple, where more than $1,OOO,O00 worth of securities are said to be stored, but whiskey led to their undoing. Passersby heard the noise and notified the police. The robbers escaped through hale of bull lets. leaving behind two handcuffed watchmen, a half emptied whiskey bottle and a hammer used to open fifteen safe deposit boxes. Later 1t was estimated that they had taken $l00,000 in cash and securities.
The Cordova daily times., 1921-08-29
HARDING PLANS GATHERING TO
 HELPWORKERS
(By Associated Press)

WASHINGTON Aug. 20. - Secre- tary Hoover has announced the presi- dent will call a conference here next month to inquire into the unemploy- ment problem. particularly to volume of needed employment measures, which can be taken in the co-ordinat- cd speeding up or the employment study of economic measures desirable to ameliorate the unemployment situ. ation and give an impulse to the re covery of business and commerce to normal.
The Cordova daily times., 1921-08-29
MINING CONCESSION
 GRANTED BY S0VIETS
By Associated Press)

MOSCOW. Aug. 29.-Soviet Russia has virtually completed the terms of a concession to Leslie Urquhart of London whereby he will be per mitted to operate extensive mining operations In Siberia which he for merly owned, according to Leo Ram. eneff, head of the Russian famine reiief com mtsstos.
The Cordova daily times., 1921-08-29
RAILROAD MEN HAVEROW OVER
 BALLOT FORMS
,ny Associated PrcssJ

CHICAGO, Aug. 29-Union off cials are trying to minimize the break in harmony between the big four brotherhoods and the Switch men's Union of North America over the form of strike ballots mailed to the membership. The switchmen claim the brotherhood form did not state the case fully, so sent out their own ballots.
The Cordova daily times., 1921-08-29
GERMAN CABINET IN
 SERIOUS PREDICAMENT
(By Associated Press)

BERLIN, Aug. 20. - The political conditions in Germany which assumed such a grave aspect will be considered by the cabinet this week, has appeared to set match to the piled up com bustible which has been smoldering for some time. The cabinet is believed to find itself in in serious predica- ment and the attitude of organized labor Is uncertain.
The Cordova daily times., 1921-08-29
Seven Hundred
 Insurgents Killed
,By Associated PressJ

CALCUTTA, Aug. 20. - Nearly 700 members of insurgent bands have been killed in fighting with the Brit ish forces sent to quell the uprising. Several Europeans were also killed, while 70 men of the Leinster regi- ment and 17 native policemen were massacred Bluejackets and marines have been landed.
The Cordova daily times., 1921-08-29
BOMBOUTRACE CHICAGO FAILS
 IN DEATH TOLL,
(By Associated Press)

CHICAGO, Aug 29.-A bomb explo- sion in the Columbia theater shortly after midnight Saturday shook the en- tire business district Several em- ployes of the theater were injured by flying glass The police believe the explosion was the outcome of labor trouble as the theater at the time had been covered with unfair" notices. Damage to the building was slight
The Cordova daily times., 1921-08-29
Gathering Expected
 About September 20
OEy NssOcIOlod FressI

WASHINGTON, Aug, 20. - Plans for President Hardong's national un- employment conference probably will be completed in time to permit it's gathering here by September 19 However it is thought the limit of the membership of the conference will be placed at between 15 and 25, the small number being necessary to order that debating society" and controversial questions may be avoided.
The Cordova daily times., 1921-08-29
Ship Waterlogged Captain Reports
CRy Associated prcss)

ASTORIA. Aug. 29.-Captain West erlund. of the steamer Cordova, has arrived here and he said the Canadian freighter Importer was waterlogged when he left the scene of her dis aster, and that Captain Bissett had come aboard his ship in a rowboat. but declined a tow Two officers and nine men in a lirehoat had been gone five days then. which was last Thursday
The Cordova daily times., 1921-08-29
GIFF PINCHOT
 MUCH PEEYED
 ATFORDOFFER
,Ry Associated rrcss)

WASHINGTON. Aug 29. - Henry Ford's terms for taking over the Muscle Shoals power and nitrate plant was assailed publicly by eff ford Pinchot. who said Ford's offer was equivalent to the interest only of 3.G per cent on the investment and proposed no payment for the water power
 Pinchot also said certain machinery was worth more than the Ford offer and that it took too little account of the production of fertilizer
The Cordova daily times., 1921-08-29
BANKERS IN FAVOR
 OF HIGHER INTEREST
 ON POSTAL SAVINGS
tBy Associated Pressl

WASHINGTON, Aug. 29.-Recom. mendation that the interest rate on postal savings be increased from ? to per cent and that the maxi mum allowed a depositor be raised to S3 per $1,OOO. was agreed upon today by bankers. members of the federal reserve board and other gov ernment officials who joined with the postoffice department to invsti. gate the postal savings policy.
The Cordova daily times., 1921-08-29
SAYS CONGRESS JOINS
 RANKS OF UNEMPLOYED
By Associated Press)

WASHINGTON, Aug. 29.-Chairman White. of the Democratic national committee, stated that congress by taking recess has voluntarily joined the ranks of five million unemployed and that for it's incapacity and inef- ficiency in quitting the job for a month without having passed a single remedial measure. unless it was the agricultural bill. should justify it's supporters in projecting the govern ment into private business"
The Cordova daily times., 1921-08-29
G0MPERS APPEALS FOR LABOR DELEGATES AT
 DISARMAMENT TALK
(By Associated Press)

ATLANTIC CITY, Aug. 29.-Samuel Gompers of the American Federation of Labor. has made public his appeal to labor members of the nations par ticipating in the disarmament confer ence to prevail on their governments to have labor represented upon their delegations.
The Cordova daily times., 1921-08-29
FRISCO TIEUP AT END AFTER
 LONG BATTLE
By Associated Press)

SAN FRANCISCO, Aug 20. - The four months tieup of the building in dustry of this city ended today. when the union craftsmen returned to work on the employers terms of an open shop and a wage cut of 71A per cent. Several thousand men returned to work
The Cordova daily times., 1921-08-29
MURDERER IN OHIO
 PAYS DEATH PENALTY
(By Associated Press)

COLUMBUS. O., Aug. 29.-Frank NJ. Otto, aged 25, was executed to- day at the Ohio penitentiary for his part in the holdup and murder of c. ". Sly and George K Tanner. Cleveland manufacturers. last De- eember. @
The Cordova daily times., 1921-08-29
MISSING SHIPS LUMBERCARCO
 FOUND AFLOAT
CBy Associated Press)

SEATTLE, Aug. % - The Cana dian Winner. which is seeking the steamer Importer six hundred miles off the mouth of the Columbia river wirelessed yesterday that it had found lumber scattered over the surface water which it believed was part of the missing steamers cargo
The Cordova daily times., 1921-08-29
Federation to Keep Out of Controversy
tBy Associated Press)

ATLANTIC CITY, Aug. 29. - The executive council of the American Federation of Labor has decided to take no action on the railway wage reductions. but has announced that it is ready to aid in any way re- quired.
The Cordova daily times., 1921-08-29
NINE ALLEGED . SPINDLE RING
 GRANTED
CBy Associated Press)

CHICAGO, Aug. %. - Charles w. French and eight associates alleged to be involved in a $5O,OO00OO swim dle ring waived examination before the federal commissioner, who bound them over to the grand jury. Frenchs bond was fixed at $l5,000 and the others at $5,OO0 each.
The Cordova daily times., 1921-08-29
REMOVE STUMBLING
 BLOCK TO AMICABLE
 RELATIONS WITH U. s.
By Associated Press)

MEXICO CITY. Aug. 29.-Petro. leum in all it's vexatious phases. em- bracing taxation and alleged prop erty confscstion. will be discussed this week by the Mexican govern ment with a view to removing the stumbling block to a resumption of diplomatic relations with the United States.
The Cordova daily times., 1921-08-29
STATEPOLICE
 HAVE BATTLE
 WITH INVADERS
,By Associated Press,

CHARLESTON, w. Va. Aug. 29. - The state police and deputy sheriffs battled with armed men in the hills around Sharpless, Logan county, early morning. The governors of ice had a report that five men were killed, with the possibility of another battle of a serious nature that night.
The Cordova daily times., 1921-08-29
Referendum Was Held Saturday
tBy Associated Pressl

SAN FRANCISCO, Aug. 29. The building trades referendum on the plan of settling the long controversy was terminated Saturday. Union lead CTS say that there was a heavy vote against the proposition.
The Cordova daily times., 1921-08-29
BOMBS EXPLODED IN
 STREETS OF BELFAST
(By Associated Press)

BELFAST. Aug. 29.-Shooting and bombing occurred in North Queens street here last night. as result of which several people were treated at hospitals for bullet wounds.
The Cordova daily times., 1921-08-29
ALLIES SEND TROOPS
 TO UPPER SILESIA
(By Associated Press)

Aug. 20. - The British, French and Italian ambassadors in formed Germany of the dicision of their governments to send rein. forcemeuts into Upper silesia. Ger many has been asked to make the necessary arrangements for their transport.
The Cordova daily times., 1921-08-29
THREE MEET DEATH
 WHEN PLANE CRASHES
CBy Associated Press)

PHILADELPHIA. Aug. 29.-C. w. Floss, professional aviator and two passengers were killed when the Floss machine crashed to earth near this city
The Cordova daily times., 1921-08-29
BODY OF COMMANDER
 OF DIRIGIBLE FOUND
By Associated Press)

HULL, Aug. 29.-Phe body of Air Commander Maitland of the British flying force has been recovered from the wrek of the dirigible ZR-2.
The Cordova daily times., 1921-08-29
Rich Man Arrested On Fraud Charge
By Associated Press)

CANTON. O.. Aug. %. - Zeebulot >wDavis. wealthy Canton and Cleveland manufactures, was arrested charged with using the mails to defraud in connection with the financial opera tions of Charles French. He was later released on S20O0O bonds.
The Cordova daily times., 1921-08-29
Four More Vessels To Join in Search
,Bv Associated Prcss)

PORTLAND, Aug. 29.-Four ships are being prepared here to SCOUT the Pacific for the missing freighter Canadian Importer The ships will sail abreast and make a thorough search for the stranded vessel
The Cordova daily times., 1921-08-29
ITALIAN TRAIN WRECK
 CAUSES LOSS OF LIFE
tBy Associated Press)

ROME. Aug. 29. - Thirty people were killed and one hundred injured in collision between a passenger and freight train near Magliano, north of Rome.
The Cordova daily times., 1921-08-29
MOROCCO TROUBLE
 TAKES NEW ANGLE
By Associated Prcss)

MADRID, Aug. 20. - Morocco re- ports indicate that trouble occurred among the native Spanish auxiliaries in Elaraish. south of Tangier.
The Cordova daily times., 1921-08-29
PLANE SAVES LIVES
 OF DROWNING PERSONS
(By Associated Press,

HAMPTON BEACH, N. H., Aug. 2s. Inflated auto tubes dropped from 6 low flying plane saved three persons who were struggling in heavy ssrf.
The Cordova daily times., 1921-08-29
Later Report Says Fifty Were Killed
tBy Associated Press)

ROME, Aug. 29.-It is reported that fifty persons were killed and many seriously injured when q passenger train collided with a freight train ten miles from here.
The Cordova daily times., 1921-08-29
AIR ACE SAW BANDITS
 GET AWAY WITH COIN
CBy Associated Prexs)

DETROIT. Aug. 29.-A bandit held up a paymaster of the Rickenbacher Motor Company. and escaped with s6.- 500. Eddie Rickenbacher. from ad- joining offices, saw the bandit make his getaway.
The Cordova daily times., 1921-08-29
ALASKA RESERVES
 IN NEW DIVISION
(By Associated Press)

SAN FRANCISCO, Aug. 29.-Plans approved by the war department provide that the Ninety.sixth division of reserves be formed of Washing ton, Oregon and Alaska, with head quarters at Portland.
The Cordova daily times., 1921-08-29
HUNGARY TREATY TO
 BE SIGNED TONIGHT
tDy Associated Pressl

BUDAPEST, Aug. 29.-The Hun. garian- United States peace treaty will be signed here this evening.
The Cordova daily times., 1921-08-29
IRISH CABINET DOES
 NOT HOLD SESSION
(By Associated Press)

DUBLIN. Aug. 2s. No formal meeting of the Irish Republican cab met was held today.
The Cordova daily times., 1921-08-29
FISH QUOTATIONS

SEATTLA Aug. ss.-Haiibut toc; chicken hAhbut sa.