The New York herald., 1922-05-25
PERSONAL AND IMPERSONAL.


phrase In the parlance of the real estate
of the fact that 1t represents a romantic
form of gambling 1t means that the
owner of bit of property and the man
whom he has delegated to place 1t on
the block have staked their chances OF
financial success on the whimslcalities
of the weather god.
The future may see. however. the
elimination of this hazard In the game
of knocking down portions of the
earth's surface to the highest bidder
M. Morgenthau, Jr., head Of the real
estate company that bears his name
has hit upon method of minimizing
the risk He has induced the Hartford
Fire Insurance Company to take out
a policy on the clemency of the ele-
ments this coming Saturday. when Mr..
Morgenthau will sell at auction lots in
the country club district. Jamaica.
In sense. of course. this new method
Is merely another and more picturesque
form of gambling, in which the auction
eer runs very little chance. The latter
Is betting with the insurance company
at very favorable odds. If the sun
shines he merely loses his premium and
holds a successful sale. If 1t rains the
insurance company reimburses him In
part for the amount expended in ad-
vertising the sale.
There is no limit to the possibilities
of the insurance system IL 1t once be-
comes intrenched In this new field.
Auctioneers might well follow the ex-
ample of prima donnas and have their
voices insured. some of the more high
strung members of the profession have
even taken out policies on their tenn
peraments.
The William L. Crow Construction
Company. 103 Park avenue. has been
awarded a contract to erect one OF the
last of the chain of libraries which
Andrew Carnegie presented to New
York city. The new building will be
at 1856 Bainbridge avenue, extending
through to. Marion avenue. and was
planned by McKim. Mead & White.
1t will cost $4,000 and will be known
as the Fordham Branch.
DR.. A. NJ Teller, a Manhattan dem
tist. who will be remembered as a star
end Of the Dartmouth football team
of some years ago. has purchased an
apartment in 16i Twenty-second street,
Jackson Heights. DR.. Teller Is chief
supervisor of all of the Red Cross
dental work.
Contract for constructing a new build
ing for st. John the Evangelist Roman
Catholic Church at Twenty-first street
and Fifth avenue. Brooklyn, has been
awarded. according to Browns Letters.
Inc, Construction Reports The building
will be of brick construction. one story
high, 65x140, and will cost approximately
$125.0O0. The contract for the general
construction has been awarded to Ed
mund ID. Broderick.
The contract for alterations to the
Garfield National Bank. at Fifth avenue
and Twenty-third street, has been
awarded. according to Browns Letters
Inc, Construction Reports. Plans and
specifications were prepared by Rem
wick, Aspinwall & Tucker, and the
contract for the general. construction
has been awarded to C. T. Wills, Inc.
The next regular meeting of the
Greater New York Taxpayers Assocla-
tion will be held tonight at o'clock In
the assembly hall Of the association.
26e Grand street.
Henry Brady will offer at auction for
the Commissioners OF the Sinking Fund
OF the City of New York 3Os West
Thlrty-eighth street. The sale will be
held at the Real Estate Exchange, "A
Vesey street, on May 81, 1922, at noon.
The Title Guarantee and Trust Com
pany has loaned ss50.ooo on the cast
side OF West Broadway, Park place
to Murray street. a plot containing over
10000 square feet covered by the twelve
story office building built for tho Dodge
Building Corporation. NJ w. Mix pres
idcnt. The loan was negotiated by
Lawrence. Blake q Jewell who also
procured the building loan last July
from William Henry Barnum G. Co.
for the erection Of the building.
A loan Of $4,000 has been obtained
by the Grubers Holding Corporation
from the Lawyers Mortgage Company
on the five story apartments and
stores, s910xi00. at the southeast cor
ner OF st. Nicholas avenue and 125th
street. The Roanoke Realty Company
which last March sold the property
10 the Grubers Holding Corporation.
allowed an additional loan OF 800. 900
to remain.
J. w. Amey s the buyer OF 3Os West
Seventy fifth street, sold recently.
Marion ~ Hess is the buyer OF 1870
East Seventy-second street. for which
she paid $4,000
David Levin and Frances Iiss are
the buyers of to 10 West Ninety -ei gf tn
street. recently sold.