davidaulloa/AmericanStories huggingface dataset:
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-12-21
GRACE HARTER MYSTlFIES
HELEN RALSTROM
Chapter %

Grace Harter had a habit of calling
Walter up at the studio, telling him
she had arranged dinner or a pic
mic, and chatting with him over the
phone.
Z expect he could murder me for
doing it." she told me, but I do it for
his good
What do you mean?" | asked. We
were sitting in my room, chatting
invariably tried to keep Grace out of
the way when she called Mrs. Page
seemed to dislike her so intensely.
1T might break up little love MAX
ing between him and that handsome
model of his. l had to laugh today,
she answered the telephone. Said
Walter had stepped out, asked who it
was, said she would deliver any mes
sage.
''Wen?"
l wouldn't leave my name, but asked
her if she would kindly tell Mr.. Page
that the lady he was to motor with
that afternoon found it impossible to
go; that | would let him know why
later You should have heard the way
she tried to find out who l was. The
change in her voice was funny, when
| wouldn't tell her. 1t had been like
honey, then it changed to vinegar,
pretty sharp vinegar at that"
What in the world did you do that
for? | don't see your object"
Then you're stupid! / wanted to
make her jealous, and / succeeded.
Then her tone changed: THAT girl is
dangerous, Doreen. Don't be a fool
and shut your eyes to it. Fight her
with her own weapons, commences !
She doesn't understand anything bet.
ter"
Il am not so sure about that" l re.
piled thinking of how she had looked
at the roadhouse when / kept my
poise.
Il don't mean to under-rate her, but
she is cunning, not clever
What was Grace driving at? Was
she still a bit in love with Walter and
hated Helen because of that? Or was
she really my friend, and did she
mean to help me?
I'm not afraid of her. You see
am old fashioned enough to believe
my husband loves me; to have faith il
him." l finally said.
=. Faith in a husband is all right
with certain reservations, she re
turned, but artists! They are artists
first, husbands afterwards. And Wal
ter is unusually temperamental, ever
for an artist, worshipper of beauty
of the human form divine. And thai
girl is wonderfully lovely! No one
could deny that"
"Oh, We of little faith" quoted, de
4 termined not to let her see she hao
upset me, although she had anc
aroused anew my jealousy of Helen
q have known Walter longer thar
you have, my dear Doreen, and l an
older. eep your eyes shut if you like
then come and weep on my bosom anc
hear me say I told you SOL" she
spoke facetiously, but l realized tina
perhaps she was more in earnest thar
appeared. In spite of myself | re
sented her reference to her acquaint
ance with Walter; the inference tha
she knew him better than | did, his
wife
Did you telephone the studio to
day?" Walter asked when he came IN
mo why?"
Nothing, only I stepped out for
moment and someone left message
but left no name. Probably someon
who wanted a picture" he evaded
Didn't Helen tell you who 1t was
l was rather enjoying his look OF De
wilderment Grace had surely lei
him guessing.
Il told you once that whoever
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-12-21
Chapters From a Woman Life
BY Jane Phelps

was called refused to leave any name -
he answered impatiently.
WAS it man or a woman?"
"A woman Helen said"
Perhaps she knew who it WASP"
mo, she had no reason to keep it
from me if she did"
said no more but all through din
ner Walter was absent minded. !
could scarcely repress a smile Al
though l rather resented his keeping
secret the message. But perhaps
Helen had not given it to him as
Grace had left it; or perhaps-she
had objected.
When l thought of the latter, l also
thought she might have quarreled with
Walter because of it. This was far
from comforting thought, because he
plainly showed his anxiety to know
more of the person who telephoned
Tomorrow-Helen Resents Grace
Harter.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-12-21

to King Albert by Ras Taffari, regent
of Abyssinia. Among the gifts were
also many shields and sabres, one of
the chields formerly belonging TO EN-
peror Menelik and used by him at the
battle Of Adowa. Similar gifts were
sent from Abyssinia to the late EN-
peror Nicholas of Russia, when he rec
egnlzed Abyssinian independence.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-12-21
Gold Mounted Harness
Gift to King Albert
CBv Assoc1ated Press

CBv associated Press)
BRUSSELS, Dec. PA number of
costly gifts, including a set of harness
mounted in gold and enriched with
precious stones, have been presented
The New York herald., 1922-01-08

A year or so ago many men In close
touch with urban and suburban realty
conditions were predicting a sensational
drop in the value of suburban real estate.
These predictions we're not only made
by the man who had q general knowl-
edge of real estate but also by bankers.
lawyers and title company officials To-
day many of these mon admit freely
that the year 1921 has been a revelation
to them.
This changed attitude has been due
largely to the maintenance of values
and the demand In Westchester county
and also to the fact that there has de-
veloped greater appreciation of the in
creased desire OF the average New York
business man to have his family enjoy
the advantages of country life In the
open. With regard to Westchester
county especially this means a sharp In
crease and a permanent residential pop
ulation, which In turn means additional
houses, new land subdivisions, more
sales and the Standardization OF values.
From my own observations I maintain
that under the existing conditions It is
absurd to anticipate any material price
reductions in the case of either land or
houses.
In order accurately TO analyze the
existing values we must go back TO 1914.
when suburban real estate. not only in
Westchester but elsewhere, was being
sold at prices far below its actual cost.
These prices. instead OF being increased
during the war. like other commodities,
were. in certain instances. actually lower
than during and prior TO 1914.
Now. three years since Armistice Day,
the question Is: Have these prices in
creased and TO what extent?
At the close Of the war many families
moved to New York. where already there
wac most serious housing shortage.
The New York herald., 1922-01-08
MORTGAGE FIELD IS
NOW MORE FERTILE
Money Supply Greater Than at
Any Time in Past Seven
Years, Says Expert.
BY EDWIN c. BENEDICT,

OF the Charles r. Noyeo Co
In the past few months there has been
marked change IN mortgage condi-
tons. A larger number OF institutions
have been considering loans than for any
time within the past seven years. While.
generally speaking. the source OF supply
for large loans is very limited. many OF
the institutions. which ordinarily make
leans of moderate size. have been In
funds for general mortgage investments.
This condition Is due to the increased
market price OF other investment securi-
ties, resulting in a proportionateiy lower
net income return. Owing to this fact
investment funds are turning TO mort
gage loans at the higher interest rates
which they carry.
During the long period in which bond
investments available for savings bank,
'ife insurance companies and trust
funds. generally were obtainable at from
"a per cent to z per cent net return
and for a period of from twenty TO
fifty years. IL was obviously poor judg-
rnent to place money in real estate mort
cages which would mature In three 20
five years In q probable lower interest
market necessitating reinvestrnent OF the
funds at lower interest rate. For some
time during the seven year period Just
ending many institutions uatriotically
and unselfishly made short term mort
gage loans at per cent interest In
order TO protect real estate owners and
by so doing missed a splendid oppor-
tunity. which rarely comes, 70 purchase
securities that would not mature for r.
long term, and which paid a higher rate
than per cent. AS an example. there
vas an opportunity about year or
more ago, when a savings bank or
life insurance company. could have
have bought the premier security Of the
World. the United States Liberties.
Third AZ at 81 per cent. net. which IL
rot payable until 1928.
The situation has now changed and
the mortgage. az an investment, has
again taken its old position as competi-
tor in the ivestment field. II Is not
likely. however. until n still further re-
private or estate funds will be available
In any considerable volume. although
some Of the important title companies are
making large loans 20 cover the enor-
mously increased demands in their bond
sales. hs q result Of their past expert
euccs lenders are still very conservative
IN their appraisals and are disposed 20
be cXacting in their requirements or coll
lateral bonds. amortization, &c, although
there IN a noticeable siackening In their
demands.
This year starts out with good prom
Use. In the opinion OF many there Is not
likely 10 be any marked reduction n
interest rates for some time 20 come
The belief of important industrial and
railroad people Ia that business generally
will show a large increase during the
year. with the consequent increased de-
mand for money. which Is quite likely
20 keep interest rates high for long
period On the other hand, II the tX-
pectod business resumption does not take
place We are likely to see a modification
In interest rates.
The New York herald., 1922-01-08
No Place for Calamity
HOwler in Westchester
By CHAUNCEY b. GRIFFEN.

Apartments In the city at that time were
at a premium. This forced many Of the
old and new families of New York to
turn to the suburbs In their search for
homes. Then there were those who
bought in the suburbs. not because they
were compelled TO. but because they
wished to. AS a result of all this activ-
ity the suburban market became firm
and prices naturally advanced. But.
while suburban real estate prices ad-
vanced possibly as much as 40 per cent.
on the average. 1t must be borne In
mind that other commodities advanced
100 to 800 per cent.
Despite this sharp contrast In price
advancements the calamity crier In
realty circles insists that realty values
must be reduced 100 per cent. before the
point OF normally Is reached. even
though the average increase IN the
suburban sections has not been more
than 40 per cent. This same man. who
does not hesitate to pay at least 100 per
cent. more than In 1914 for the necessi-
ties and luxuries of life, Is going TO be a
loser IL he defers buying a home until
prices have reached the levels he so
freely predicts.
And so 1t is with building. The time
to build Is now, before labor gets in its
fine work In 1922, when expect TO see
certain classes of labor necessary 10
home building at a premium. We had
n fairly low building market in June and
Tuly OF this year, but many prospective
home builders missed this opportunity
because OF their anticipation of lower
prices. II is not easy now TO obtain the
services of ekilled mechanics of the right
kind. How much more difficult. there
fore. Will IL be TO hire these men when
tho spring OF 1922 brings out the home
buiidets?
The New York herald., 1922-01-08
BUILDING VILLAGE IN JAMAICA.
whole Colony OF Tax Exempt
Homes Going Up at BnisIey's Lake.

Houses made while you walt. firura-
lively speaking. are being produced IN
he Baisley's Lake section OF Jamai u
by an old time builder and rcaltor
Harris Nevin. assisted by his son. who
has temporarily abandoned his law buei-
ness 70 aid IN the development and pri-
rlarily 10 regain his health by outdoor
work.
some twenty houses with four 10 six
rooms OF ample dimensions with atti-s
for storage or extra rooms as tho
owner may determine. arc under way.
foundations for twenty others n
ready A now foundation Is bein' laid
every day with the view 20 having as
many as possible ready before tax cX-
omntion expires next April
There are SCI lots in the development
adiacent 10 the lake and publp paris.
These lots were held for many ycats
by syndicate Of politicians. who
hoped that the city would take thom
ever for extension OF the park MI
Nevin bought them from the syudicai
few months ago and started the pres
cnt development
The New York herald., 1922-01-08

builder can dispose of his finished prod
uct because OF the two elements: hlgn
rents and exemption from rent laws
8. Heavily decreased cost Of produc-
ton under the peak figures OF 1890.
s. Increased Efficiency of Labor-For
several years prior to 1921 labor efii-
cheney was at its lowest ebb, caused ana
forced by vicious unionism. Honest
upright mechanics were forced by
threats, intimidation and fines to re-
strict their production to one-half their
fair ability.
The foreGoing are the real reasons
responsible for new tenement construc-
ton. Tax exemption of itself has not
resulted. nor could it result, In he
driving Of an additional nail or the lay
ing of an additional brick over what
would have ensued in the regular course
Of events. 1t was merely an unmerited
coincidence that the passage of the or
dinance coincided with the time whSn
all conditions had worked together for
a decided resumption Of tenement build
ing.
Tax exemption Is rankly unjust and
vicious in the extreme. It robs Peter
to pay Paul, and Paul is the bold laddie
buck who doesn't need the dough filched
from needy Peter. Its uselessness is as
obvious as its harm. 1t was prophesied
to the Board of Estimate that every
building erected. which would have been
built regardless of tax exemption,
would be claimed as direct result OF
the measure. and the skids thereby
creased for a wholesale plunge into the
morass Of single tax
This forecast has been amply full
filled and the man in the street, neces-
sarily totally ignorant Of cause and ef-
feet, has been led to believe that tax ex-
emption has procured housing.
Caw, Caw OF Single Tax Crow.
The deafening cav. cav, cav" Of the
single tax crows has had its effect on
the public mind. and the fact that tax
exemption was opposed by realty own
ers was seized upon as clearest evidence
OF its virtues. The fact that building
was progressing all over the country
without tax exemption or other artfi-
cial stimulant has not seen the light
of day.
II is unfortunate that the extra bur-
dens Of taxes and rents of non-exempt
property imposed by tax exemption
must be borne by those least able to
bear them. 1t is equally unfortunate
that the officials of our great city proved
to be the only "come-on" TO invest In
the single tax gold brick and (tell 1t
not in Gath. lest the Philistines In other
cities rejoice). they have We'd, one with
another. in claiming credit for being the
victims OF the Hungry Joes of single tax.
As Solomon says: "A fool is wise in his
own conceit." and as Bobbe Burns
sings: "Oh, wad some pooer the giftie
gle us, tae see oorsels as ithers see u.s."
The New York herald., 1922-01-08
SkYSCRAPERS HAVE
RISEN ON THE CIRCLE
59fh Street and BroadDay
CreW Nightly in 1921.
ny HENRY NJ. BIRDsEYE.

Tho last year has seen the develop
ment of a new business center in and
around Columbus Circle. The growth
OF this section is largely due 10 the gen.
eral trend OF business up town and the
unusual trend OF transportation facili-
ties at this point. The Circle is only
a short ride from the Penn Station. Is
accessible TO the rapidly growing upper
West Side, and appeals strongly to those
who dislike long Journey TO and from
business.
In 1921 four new ofilce buildings were
erected on or in the vicinity OF Column
bus Circle, namely the Gotham National
Bank Building. Fisk Building, Bosch
Building and the Excelsior Bank Build
ing. The first OF these to be completed
and rented was the twentyfour story
Gotham Bank Building. of which the
main and second floors are used exclu-
sively for the banks quarters. while the
eight top floors are used by the Colum-
hia Graphophone Company for its ex-
ecutivc Offices and recording studios.
Shortly after the completion OF the
Gotham Building the stately Fisk Build
rg. on West Fifty-seventh street and
Broadway, occupying the block front
was ready for occupancy. This Will
house the New York offices OF the Fisk
Tire and Rubber Company. as well as
many we'll known makes of automobiles
IN the ground floor stores.
The Bosch Building. a concrete struc-
ture on West Sixtieth street, Is the home
of the famous Bosch magnetic. The
latest addition 10 the Circle district Is
the new home of the Excelsior Savings
Bank. on West Fifty-seventh street
which is now nearing completion. Due
to the Hub" as IL is frequently termed.
being located IN the heart of the auto
mobile district IL was generally thought
that these new buildings would he ten
anted exclusively by concerns affiliated
with the motor Industry The last years
developments have dIsproved this theory,
az all types OF business have found Il
advs ntageous TO be represented In this
section. due TO the northward trend OF
trade.
The Circle has become one OF New
Ycrk's foremost business centers, ground
values arc rapidly increasing and sew
eral new buildings Will soon he erected.
- thc many aitrsctiors IN This vi"iritv
Al Jolsons iypular new theater has
been added. anj = number of new apart
ments have been constructed on Central
Park South. The circle has, indeed.
come into It's r,gh;ful heritage.
The New York herald., 1922-01-08
MCNTCLATR BUILDING TO
BE DEPARTMENT STORE

y. NJ. Crawley & Bros have sold the
four story commercial building on the
north side OF Bloomfield avenue. Mont.
clair. known as the Madison Building
TO Ellis =. Earle. Tie building has a
frontage of so feet on Bloomfield ave-
nue. G5 feet on Glcnridge avenue. and
is the only office building In Montcisir
equipped with elevators, flreproof stair
cases. &c. Mr.. Earle gave In part pay
ment a tract OF land on Sunset and Mt.
Prospect avenues. The transaction In
wolves an expenditure " $4,000. II
Is the intention of tho new owner %
convert the building into a high class
specialized department store.
The New York herald., 1922-01-08
MUCH BUILDING IN MoNTCLAIR

+. ". Crawlev 4 Bros of Montcla'-
y. J.. report an active season for tho
'ost current year. stotistics ehowinc
hat iN private houses have been erected
turing the year or are IN course OF con-
s'ruction at the present f.1c. In addi-
ton 10 the private resiinucs there have
roen permits issued for nine business
Nuildngs. including three t'catcr and
feice buildings and ono church
Tho estimated t0tl' cost % building
~ all kinds. not inciudir~ alterations.
'o- 1901 approximate s. or or' The me
firm estimates tho total amount NJ sales
or turnover in Montclair ct s9,ao,co.
The New York herald., 1922-01-08
OF JACKSON
HEIGHTS SAYS 1T DID
E. A. MacDougall Presents Figures to
Back Up His Argunent---Declares
More Benefit Will Accrue if
Law Is Extended Until
November, 1922
By f. A. MacDOUGALL,
President Queensboro Corporation,

York as an
49,
From that date December 10
"a
Of the
The New York herald., 1922-01-08
Plan Apnrtment House.

The Marcus Buda Construction Com
pany which recently purchased the plot
1887. on the west side of Morris ave-
rue. 20 feet north Of isith street, will
improve the site with five story apart
ment building 10 cost s25o,oeo.
The New York herald., 1922-01-08
DIDNOTDRIVE SINGLE
NAIL. SAYS OPERATOR
Sheer Coincidence That Construction
Wave Started After Ordinance Was
Passed High Rental Incomes and
Influx of Mortgage Money
Really Turned Trick
Nv WILLIAM ID. FITZPATRICK.

tendency to disregard natural laws ana "
supposious millennium by VICIOUS
exemption ordnance
increasingly advertised by single
OF the resunpuon
This action Gotham not followed by the was"
resumed those cities without any
The New York herald., 1922-01-08
Wei Fed Up on subieases.

III conditions down Wall Street way
seem so very bad why aren't the re-
newals and new leases coming along
faster. especially In view OF those acres
and acres OF bargain subleases about
which we hear so much? The building
managers and brokers specializing IN
office renting know the reason, and one
never hears them talk Of general bust
ness depression" They tell you OF
tenants who insist that rentals must
come down OF landlords who will not
cut below what they have decided by
careful study TO be a fair value for
their space and OF subleascs that are
by no means so numerous or such great
bargains ns have been reported. In fact.
the brokers are pretty well fed up on
the suitcase proposition. for there was
no pot OF gold at the end OF this rain
bow--only heap OF lemons, and most
Of these were squeezed dry.
Some OF these subleases were 5000
spaces. but the term was too short and
the landlords demanded the regular
building rate for renewal. Some had
long terms to run but the space was
dark, wasteful or the buildings or the
main thoroughfares Some were good
as TO physical ADVANTAGES and location
but the price wasn't at all cheap. Some
were partitioned into multitudes OF
cubbyhole private off ces and some were
practically open sraco, ard the pros"oc-
tive bargain hunting tenants wouldn't
spend their money In making the ncc-
essary alterations 10 fit the space for
their needs And so II Is that tNo bar
rain hunters or the autumn and winter
are either stlll hunting or renewing
their present leases fo- rev terms m
May I. 1922. Tho really good sub'eascs
were snapped UP quickly not because
the rentals were ridlculouslv chca~. but
because the spaces were worth while.
Renewing IL Just Getting started.
II the tenants will not pay what tts
landlords feel they must get. what Is
~oinr to happcn1 Nothing very alarm
'u- as far as this renting season Is con-
'orned. for all signs point 10 meetine
minds on the subject Of office rentals
lovn town. The real serious business
Continued on Page Three.
The New York herald., 1922-01-08
LIGHT RENEWALS OF
LEASES IN WALL ST.
Reasons Are Many and Varied ;
Business Depression Is Gus
tomary Excuse.
By CARL A. LEAsENFELD.

The renewal OF existing leases and
OF new contracts for new quarters. from
May J.. 1929, has been comparatively
light down in the financial district and
many and varied reasons and theories
have been advanced to account Tor this
condition.
First and foremost. we hear that
tenants are not renewing or making
leases for new quarters because Of gen
eral business depression" and having
ing the last months, l am almost con-
vinced that there must be something In
1t. Despite this. however. there are Just
as many. II not more. Rolls Royce and
other special bodied foreign cars parked
on Thames. Pine and Broad streets as
In the height OF the war profit days.
The Christmas and New Year bonuses
were. according to all reports, quite
satisfactory. anA the Bankers, Lawyers
and Downtown clubs are still filling
their tables to the iimi, OF membership
The fancy fruit stands are still selling
apples at 10 and Is cents apiece and
randied fruits at 81 q pound TO the
clerks and typists whose custom makes
rental OF from $40 TO y35 a square
foot nothing unusual for a corridor stand
In big Office building.
The bond statesmen are all sleek. smii-
ing and wondrously groomed. and /
know OF quite a few New York stock
Exchange firms who have materially In
creased the size OF their quarters. One
big, independent steel company has re-
Gently signed a new lease for 10000
square feet OF space. more than double
the amount formerly used by them. !
suppose we are I'm the throes OF a gen
oral business depression" but we don't
actually see as much Of II below Fulton
street as In some other districts.
The New York herald., 1922-01-08

approximate.
The increase of accommodations pro.
vided as shown by plans filed with the
approximate value in 1921. as compared
with 1920
The New York herald., 1922-01-08

P!ans filed for residential buildings In
new York city from January 1, 1921,
to December "a. 1921. and correspond.
ing period OF 1920:
The New York herald., 1922-01-08

FROM a report OF a survey made by
Ine BuiIding Employers Association on
december 10. 1921. It appears that new
ouiIoirss under construction on that
aate would accommodate 25.e5S FAM
neS. which represented less than one
'lat OF the accommodations for which
plans were filed In 1921.