davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-05-29
Must Haze Cash of Your
O'On to Buy o. Home Noau

the attractive advertisements in the
daily papers about how easy it is to
own their own home and after spend
ing many weeks selecting their home
site and going over plans and specifi-
cations for their new little home, to
learn that the great financial organi-
atlGns-~among which, no doubt, one
OF them is the depository of their own
saVngs-will not even advance so per
n"ring completely the value of the
land
Why Such Timidity?
The Long Island Railroad Company
continues to tell US that we will eniov
better service as soon as we build
more homes on Long Island, but how
IN goodness name can this be accom-
pIshed when one deposits his money
in savings bank, which organization
refuses to loan it back for the purpose
of building more homes.
1t may be that the financial interests
IN this district are looking far into
the future, anticipating depreciation
IN the costs of labor, which we are
told at present is the limiting feature
and the highest percentage of cost in
the building of a home. Therefore, we
assume that many trust companies,
savings banks and building and loan So
cletles estimate that a building to cost
at present $1,000 will depreciate in
value perhaps to $4,000 or less during
the life of the first mortgage. Assum-
ing they are correct, it seems to me
that the loaning institutions would be
amply covered against actual loss on
such loans, even though the property
did depreciate in the amount men
toned, although we have in addition
to the actual cost of the building not
taken into consideration the market
value of the land on which the home
is built. Therefore, a loan of $3,5OO
on an $4,000 property, we feel is we'll
protected, even though depreciation of
$1,000 is encountered during the life
of the first mortgage. On such de-
preciatlon the loanng company's mort
gage will still represent good and
safe investment, especially on Long
Island property.
Would Like to Hear From Financiers
] will be very grateful for a reply
from financial source, inasmuch as
have been requested by many home
seekers to place this matter squarely
before your readers with the knowi-
with its large circulation in New York
and Long Island, will undoubtedly
reach the source from which we may
learn why it is not possible to obtain
building loans at present. Many of
your readers will undoubtedly agree
with me that they read daily in large
bold type in every streetcar, news
paper, magazine and no doubt discuss
with their friends many times during
the week how it will be possible to
Gown Their Own Home" 1t will in
deed be interesting to learn. how?
New-York tribune., 1921-05-29
BIG Crowd Attends
Auction of l,O3l
Long Beach Lots
Restrictions Removal Lend
Interest to Sale, Which
Continues Tomorrow:
Includes so Bungalows

The removal of restrictions which
have been in force since 107 as to the
type of house which can be erected at
Long Beach evidently played large
part in drawing an immense crowd to
the auction of 1,031 lots and fifty bun
galows, formerly belonging to the Es-
tates of Long Beach, held on the prem
ises by Joseph P. Day yesterday.
While the sale was still in session
in the evening, Mr.. Day announced that
the auction would be continued at Long
Beach tomorrow, when the remainder
of the unsold lotss and bungalow
would be disposed of.
The restriction removal was brought
about recently by the foreclosure of
a mortgage, which automatically wiped
out the restrictions, making it possible
for buyers of lots at Long Beach to
low, hotel, boarding house, club or
theatre on any lot at this we'll known
seaside resort, regardless of location
and surroundings.
The bidding yesterday showed most
clearly that the public fully understood
the significance of the situation, and
were determined to take advantage
of it,
At 430 p. M, 140 lots sold for a total
of $182,560, an average of $1,304 lot.
Lots on Clark Street, west of Strand
Boulevard sold for $655 each. The east
corner of Clark Street and Lindell Bou-
levard was bought for $4,000. Lots on
Clark Street, between Londell and
Washington Boulevard, sold for $500
each and the northeast corner of Clark
Street and Lafayette Boulevard for
$500 Lots in Walnut Street, between
Washington and Lafayette Boulevard.
sold for 1876 each, and on Clark
Street, between Londell and Washing
ton Boulevard, for $875 each.
The block between Park Street,
Chestnut and Washington Boulevard
and Washington Boulevard brought
81 900 each.
New-York tribune., 1921-05-29
Greatest Era in Staten Islands History Expected to Follow
Linking of Island Other Sections by Underwater Tube
Governor Miller Brings
25 Years of Expectation
TO an End by Practically
Ordering Subway Built

Staten Island is now at the thresh-
old of the greatest period ir it's his
tory. The development ahead is not
to be measured. Imagination even may
not do this section Of greater New York
full justice. 1t has spread out and
developed during the last ten years
remarkably despite discouraging tran
s:S facilities, Staten island has n
population of 125,oo0, many of whom
are commuters, folks who went from
other parts of the city to live IN
Staten Island because of its pic
turesque settings and the fact that
some day the good things which had
been promised many times by Father
Knickerbocker in the last twelve years
would be realized, This trusting
policy was abandoned last year. The
cry went up that the "Gem of the
Bay as the island has been called,
was being treated unfairly in the ap-
portionment of transit service and
civic development. Promises of this
year, last year and other years were
recalled with the result that the pride
of Staten Island WAS hurt by the
limited attention which transit COM
missioners had given to bettering con-
ditions of the disconnected borough
of the greater city. A tunnel connect
ing it with the subway system of the
other boroughs was laid on paper many
years ago, but nothing further than
that was done for Staten Islanders be-
cause city funds could not be spared
from other improvements to do much
more for Staten Island than improve
the ferry service.
More or Less Mandatory
A bill was prepared and introduced
in the recent session of the Legislature
taking the islands transit construction
program out of the hands of the Tran
sit Construction Commissioner and
making it the care of the Board of
Estimate. The Governor signed the
bill, which makes it almost mandatory
for the Board of Estimate to give
Staten Island the subaqueous connec-
tion which it has been living in ex-
pectation for many years.
The measure passed by the Legisla-
tufe and signed by the Governor has
New-York tribune., 1921-05-29
By o. B. Fyfe
General Sales Manager, Brentwood
Realty Company

OeHeF0t Sdte9 manager, BtenfUOOd
Realty Company
| had the pleasure recently of visit
ing and participating in the third an
nual Gown Your Home" exposition held
at the 22d Regiment Armory.
From an instructive and interesting
point of view the exposition was un-
doubtedly highly successful and ap-
preciated by the person or persons who
contemplate getting away from the
congested city and the exorbitant rents
now charged
The exposition was largely adver-
tised in all of the metropolitan papers
and largely attended by those who
want to get away from the city, select
home sites, arrange to build and
eventually own their homes. But will
some one please tell me how this can
be done. | will appreciate information
that will enlighten me as to the source
from which a building loan may be
obtained
Personally l interviewed during the
two weeks of the exposition many per
sons who expressed their desire to
build homes Immediately. providing
satisfactory terms could be arranged,
the cost of the building to be about
$1,000, plot $1,000, total $4,000. The
average purchaser expressed the will
Ingness to make an initial payment of
20 per cent and arrange terms for the
balance of $4,000 to be covered by a
first mortgage of $500 and a second
mortgage of $4,000. The second mort
gage to be paid off like rent in
monthly payments of $50 or $50, in
cluding interest In all my interviews
did not learn of one person being
successful in obtaining any encour-
agement, much lecs a definite promise
from the banking institutions to con-
slider the first mortgage on such a
proposition.
No Money for Building Purposes
We note in the financial columns of
the daily papers advertisements offer
ing mortgage loans, and in this con-
ncction in order to obtain some infor-
nation regarding the situation l per
sonaily called on the managers of nu-
merous savings banks Of Long Island
mortgage loan and trust companies,
as we'll as three building and loan So
cieties chartered under the state
laws Of New York. In each and every
case ] was informed that there was
absolutely no ready cash available for
such loans. Under such conditions it
really seems fallacy to impress an
anxious homeseeker with the idea that
he can without difficulty or delay
build Immediately, but instead he
should be told to so out and first OBJ
tain the money and then arrange to
build
1t must be very discouraging to the
young husband and wife, after reading
New-York tribune., 1921-05-29

knocked aside all the obstacles which
have stood in the way of linking Staten
Island to the other horoughs of the
city by direct train service.
Something must be done toward this
end in two years. Last Thursday the
Mayor and other members of the Board
of Estimate visited Staten Island to
study the problem and other municipal
improvements for the island.
Perhaps 1t Will Be One of These
1t is likely that one of the seven
routes which John H. Delaney, former
Transit Construction Commissioners,
suggested two years ago to the Board of
Estimate and Apportionment for its in
formation will be approved. These
routes would cost from 100000 to
Commissioner Delaney re-
ported. Three of the seven routes be
New-York tribune., 1921-05-29

residential sections and the indus
trial areas as already laid down under
the coming restrictions. At this point
there is close connection with the ex-
lsting rapid transit lines that traverse
Richmond at about the central point
of the entire system. The terminus is
also but a comparatively short distance
from Clifton and the new municipal
pier development at Stapleton.
The tunnel from Sixty y-seventh Street
to Tompkinsville would be 2400 feet
longer than the Ninety-ffth Street
crossing and would cost 100000 more
to construct. 1t would be $500 feet
long, much of which would be within
the anchorage space in the harbor. Be-
cause of the great length of the tubes
ventilation would be problem which,
IN the opinion of the Commissioner
would have to be solved by building
New-York tribune., 1921-05-29
Tunnel to Brooklyn Most
Most Feasible Plan;
Will Cost $5O,OOO,O 600,
Five Years to Complete
artificial islands in the bay to permit
air being pumped into the tunnels.
S1OO. ZOO. 900 Bridge Over Narrows

/
$100,000,000 Bridge Over Narrows
The bridging of the Narrows was
suggested in connection with the ex-
tension of the Fourth Avenue route
down to Fort Hamilton. This scheme
would cost about $100,000,000.
A tunnel directly from Tompkinsville
to the Battery under the shallow water
on the Brooklyn side of the harbor was
another scheme offered for solving the
Staten Island transit problem. This
would be a great engineering under
taking, and the cost would reach at
least $40,000,000 1t would take a
number Of years to build. The other
schemes proposed building within the
New Jersey state line, one plan being
for a tunnel to point back of Bed
lows Island. then across to the Bat
terry, and the other called for viaduct
same point and then by tunnel under
the bay to the Battery.
| The fact that something definite is to
be done has focused attention on Staten
Island. Real estate men are feeling
already the effect of this measure.
Folks who have liked Staten Island,
but would not move there because of
| the inferior transit conditions, are con-
sidering purchases Of property for flu
ture development. Spectators also
are displaying marked interest in
| Staten Island realty.
Values Move Up on News
Land values there have moved so
slowly that it is reasonable to suppose
that every parcel on the island is
worth more now than before the pas
sage of the measure, even though it
will be several years before the transit
route decided upon will be in opera
ton. With the water barriers re-
moved Staten Island will be nothing
more than distant part of Manhattan,
the Bronx, Brooklyn or Queens instead
of an isolated part. The entire island
will be drawn closer in travelling time
to the center of New York, which
means that Richmond property will be
worth more just because it will be
nearer than before to the heart of
things.
The low price of land will attract
speculator builders to Richmond. From
information that comes from the island
they are there looking over the field
for the purpose of knowing where and
what to buy
1t seems that the great day for
Staten Island has arrived.
New-York tribune., 1921-05-29

urged for serious consideration by the
board as being the most feasible from
an engineering as we'll as a legal and
financial standpoint Two of these
routes, which provide for tunnels from
the Shore Road section of Brooklyn to
Staten Island, would cost $4,000, 900
ana $25,000,000, respectively The third
route provided for the extension of the
Fourth Avenue subway to terminus
at Ninety-ffth Street and the shore
front, connecting with line of ferries
to Staten Island. This route would
cost about $6,000,00O.
The tunnels which the Commissioner
urged for serious consideration would
reach from Sixty-seventh Street. Bay
Ridge, to Tompkinsville, and from
Ninety-ffth Street to Rosebank. The
last one would be the cheapest of the
tunnel routes, the cost being S2O,OOO.-
New-York tribune., 1921-05-29

FOR SALE-One OF the bSst dairy farms
III western Connecticut; l26 acres large
house and barns. ali new; running water
IN boht: near Danbury. Conn; price sI2. 500
Write William }. Satteree. Box 81, Dam
bury, Conn.
New-York tribune., 1921-05-29

900 In fact, Commissioner Delaney
reported it was the most attractive Of
the tunnel projects. This route is
similar to one proposed by the Staten
island Chamber Of Commerce in 1908.
Most Feasible Routes
1t provides for the extension of the
Fourth Avenue subway from its term-
nal at Eightysixth Street to Ninety
fifth Street and under the Narrows to
Rosebank. 1t could be in operation in
five years after it was started. The
tunnel between the two shore line
points would be 5000 feet The Com
missioner said in his report: "The
Rosebank terminus would seem to be
the most suitable for the future devel-
opment of the borough From this
point can be most readily extended
transit connections through desirable
New-York tribune., 1921-05-29
Edgar Mills Buys Nine Suites
10 Convert Infn One

Culver & Co. sold suite of eight
apartments in the joint t-ownership
building to be erected by the Joint
Ownership Construction Company. Inc,
at 1856 East Sixty seventh Street, to
Edgar Mills. They will be rearranged
into one large duplex apartment and
will have music room 30x5O, with
nineteen-foot ceiling, with a huilt-in
organ. There will be library 25 X 40.
New-York tribune., 1921-05-29

NORTHPORT-Conve 70 h4rbor ana
village; house, seven rooms spacious
porch. all improvements; high elevation
beautiful water view; price $4,000. 81 500
cash; also house, eight rooms, improve
ments, garage. handy to harbor and vii
lagc. immediate possession: bargain
$500. Harry r. Mott, Northport l.. l.
New-York tribune., 1921-05-29
Baldwin Harbor Building
Sites to Go at Auction
Lots Taken in Foreclosure To
Be Sold at Highest Prices
Ohtatnah1e

Bungalow and home building sites
a Baldwin Harbor, L. L., will be sold
tomorrow on the premises by the Jere
Johnson Jr, Company, auctioneers. The
sales includes a hotel on the water
front
Company has ordered this sale as the
result of recent foreclosure action
The lots arc to be sold on the monthly
payment plan.
New-York tribune., 1921-05-29
Tennessee
COMPI.l

COMPLETE STOCK FARM
One of the Best in White Co.. Tenn. s1fh
acres, s miles county seat, barns 3 ten
ant houses, I dwelling. 110-top silo. 800
acres cleared; watered by 2 wells ponds
and springs. 80 acres clover and grass: So
acres corn; some wheat and oats; balance
in truck; 500 acres timber. Tools stock Of
all kinds. Possession now. Must sell ac-
rnunt failing health Price reasonable.
Write John 3. Rhea, Sparta, Tenn. Route l..
New-York tribune., 1921-05-29

late the development of the very heart
of Elmhurst, where large number of
houses and several new factories have
been erected recently in the section be-
tween Maurice Avenue and the
greensboro subway.
The passing of this large plot into
the hands of many owners will stimu-
late its development more than any
thing else possibly could do.
New-York tribune., 1921-05-29

Elmhurst folks and those who know
the little Queens settlement attach
much Importance to the sale on Satur-
day next of the tract of the Moore
family, which it has owned since 1862.
There are 410 lots in the property,
which is just west of the Elmhurst
station of the Long Island Railroad
The property has about 1850 foot
New-York tribune., 1921-05-29
APARTMENTS TO LEr-FURN1sHEp
Manhattan

STH ST, IL EAST-Washington News;
large bright studio, living room. bed
den, maid service, $3.50, June November
Spring 3049.
New-York tribune., 1921-05-29

frontage on Queens Boulevard and
about S75 feet on Laurel Hill Boule-
ward, in addition to extensive front
ages on Maurice Avenue, the l.. /. R. r.
right of way and adjacent thorough
fares.
The sale of this property will not
only provide a number of building sites
for improvement wAh homes and in
dustrial plants, but will greatly stimu-
New-York tribune., 1921-05-29
Westchester
FnR MANIrEAcr1rRrNG

FOR MANUFACTURING
roadhouse. florist or studio PURPOSES; 81
minutes from Grand Central, y block from
station. on new state road connecting
White Plains and Boston Pest Road; 2
fats. 10 rooms. baths. sleeping porch. /
with a hall. 1900 50. IT., lighted by 3
windows, oxs TT. high metal garage. 10x40
IT.. elevated terrace, $4,000; terms. $4,000
cash, balance long mortgage. MARTIN
JENTER. 1875 South Columbus av., Mt
Vernon. N. Y. Tel Hincrest 3s3s.
New-York tribune., 1921-05-29
TO LET FOR BUSINESS PURPOSES
Manhattan

SPACE to rent in high class ladies' tailor
ing establishment; desirable location:
suitable for dressmaker. furrier or cor
setiere; large work room, beautiful parlor,
fitting rooms; rent moderate B. Green
stein. Cali East 4Sth st. Telephone Muir
ray Hill 1853.
PRIVATE OFFICE. opposite City Hall i'm
mediate possession; telephone privileges.
d 394, Tribune
New-York tribune., 1921-05-29
REAL EsTATE-sALE Or RENT
New York State

New York State
ULSTER COUNTY FRUIT FARM; also
suitsb BILE for dairying; 40 to i30 acres as
desired; fruit. apples, pears, grapes; resi-
dence we'll preserved stone house; situa =
tion cannot be duplicated hot water heat
acetylene gas; telephone Price. 500 600
TO s27 900. as TO acreage. For details ad-
dress owner Jacob Elting, Highland, n. Y,
WOODSTOCK. n. Y.-Restricted neighbor-
hood. in mountains. 1o-room house, all
conveniences. small lake, planted vegeta-
Bile garden, orchard, $1,000, III acres
Rhtnelander 1895. Rosett, 55 E. 7Sth st.
FOUR-ROOM bungalow to rent for sum
mer; five minutes from depot. Box 81
Montrese. SWestchester County, n. Yasgf
CATSKILL MOUNTAIN-Summer cot
ta9es. nice section, $3.50 up Lenhart
Shandaken n. Y.
New-York tribune., 1921-05-29
Sale of EASY Side Corner

Fred Oppenheimer sold for the Met
Nsppolitan Savings Bank of the City of
lew lew York the three three-story brick
~ 1DeuiIdlngs 19 and 81 Lewis Street and
40 broome Street, southeast corner.
New-York tribune., 1921-05-29
Fine Pelham Houses Sold

oieott Egger sold for the Colonial
han corporation two houses in Pei
nam to James w. Myer and to Robert
g. g Myer. These houses were held At
s3saoOQ and s32.ee0.
New-York tribune., 1921-05-29
Florida

FLORIDA, WAUCHULA.
Ten acres. acres planted to and 5
year old orange and grapefruit trees. 2
acres cleared four-room house; price
$3.50 including crops. Hover. zig Broad
way, New York.
New-York tribune., 1921-05-29

FOR SALE - 152 acres opposite Long
Beach, at Oceanside, L. l. ready for
development: frontage on bay also on
city trolley line. Present owner acquired
through foreclosure. Previous owner paid
$4,000 for this propertyA Make an offer.
For map, owner. THOMAS q. KNIGHT,
TitusVille Fla.
New-York tribune., 1921-05-29
Sells Home in Staten Island

;r monatt & Schwab sold for Mrs. Irv-
Ing 81 u. johnson the stucco dwelling
Ste St recently built on Ctaiin Avenue,
Ssap,etoh Heights, S. L., to George w.
New-York tribune., 1921-05-29

OWNER SAILING FOR EUROPE
on June has authorized lnc to sell for
the first halfway reaSOna bleNQffer received
before that date his two adjoining build
ing plots at Philipse Manor on he Hudson
For inspection appointment phone 1877
TarrytoWn. Edward b. Morris, Philipse
Manor n. Y.
New-York tribune., 1921-05-29
REAL ESTATE FOR SALE OR RENT
Manhattan

4STH ST, E.-Private house residential
block restricted neighborhood. suitable
for doctor; price 10000; principals only.
Hershfeld, Hotel Ansonia.
soTH ST, NEAR LEXINGTON AVE
-Four story and basement building for
sale; 25Xl02; principals only. Apply p. A
CAY NOR. SO Maidnn Lane.
New-York tribune., 1921-05-29

RYE-ENCEPTIONAL OPPORTUNITY
TO RENT BEAUTIFUL SUMMER HOME
Extremely low rental from June to &C.
tober I handsomely furnished house. u
rooms and baths, located on knoll in 8
acres of beautifully landscapcd grounds on
Post Road between Rye and Harrison;
garage for cars, gardeners cottage,
chauffeur's quarters $500. For further
particulars telephone Rye lS7-M, or Main
3849, or your own broker.
New-York tribune., 1921-05-29

are two very attrac-
tive homes that will interest you Seven
room semi bungalow on plot 50X120; hot
ton; price for quick Saie. $l6,50o Six
rooms and baths. bungalow on plot 125x
1893; hot water heat; high elevation, with
wonderful view of Sound; price $14 900
Burke Stone, Inc. Post Rd. & Beach ave.
Phone Sa2. ALWAYS open ON SUNDAYS.
New-York tribune., 1921-05-29
n ew Jersey

s12, 2,o0o-7 rooms, tile bath. glassed
sun porch, open fireplace; finest loca-
tion; builder must SELL easy terms;
might rent at $3.50 per month
OTHERS FROM $4,000 TO 100000
Several desirable furnished houses
for rent for the summer.
IF it's for sale or let in Maplewood
we have It," BROWN & co,
S5 Baker st, Maplewood
Phone South Orange 3S
New-York tribune., 1921-05-29
Brooklyn

ARCADIA BUNGALOWS
Sheepshead Bay: seven months, April to No
vember. furnished. $3.50 tour cooms unr,lr-
nished $3.50; private beach; gas, electricity ;
bus service from Brighton line subway sta
ton.
New-York tribune., 1921-05-29
REAL EsTArE--sALE on KENT
3TasssGhusetts

MAFLE LAWN FARM FOE sale; s5 acrss
fertile fields, pastures, woodland, crops7
good buildings; near towns. schools.
churches. Price. 80 500. wesley II. Taylor,
Sheffield Mass.
New-York tribune., 1921-05-29
FARMS FOR SALE
New Jersey

JOIN our community of small farmers and
become independent; semi-co- operative
conditions ideal; no drugery; committing
distance; acres, cottage all improve
ments; $500 up; terms reasonable.
AMERICAN AGRICULTURAL ASSOCIATION.
305 Broadway
New-York tribune., 1921-05-29
Maine

ON cAsCo BAY, MAINE-For sale, SIX
mice from Portland by trolley; COUN-
TRY AND SEASHORE: Groom residences;
garage: half acre land all improvements.
G " CASE, Route {, Portland. Me.
New-York tribune., 1921-05-29
Bronx
Queens

ROOMS and sun parlor. all improve
mentS; tax is exempt; one block north
Road and University av
New-York tribune., 1921-05-29

ACCOUNTANT. auditor. fax specialist de-
sires downtown office privileges: reason
able terms. or win give equivalent in serv-
ice. G 293. Tribune.
New-York tribune., 1921-05-29

ATTRACTIVE small new housc To rent to
small family for July, August and Sep
tenber. j. Il. B.. Box . Sa5. Tribune.
New-York tribune., 1921-05-29
REAL ESTATE WANTED

WANTED, between Third av and the
Park. south of Goth st. unfurnishe d
house, good condition, four master bee-
TO fve years; $4,000; occupancy before OS-
tober l. c. w. Roth. So Wall st, Nsss
York
New-York tribune., 1921-05-29
Westchester

EDFORD-Substantial y Broom house
good plumbing; 81 acses; barns etc
open for offer. Room 1eo5 81 Maiden
Lane.