davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-02-12
81 ,25O, 900 LOANED ON
LOFT CANDY PROPERTY

The Title Guarantee and Trust Com
pany has loaned 81, $50, 900 to Loft,
Inc. on it's candy factory at the north
east corner OF Broome street and
Cleveland place, extending to kenmare
street and on the property at the south
west corner of West Broadway ana
Barclay street
on the new two-story garage. 2001O
t12.2. occupying the westerly block
front on avenue A, between Sixtictl
and SiXty-nrst streets. the Albany
Savings Bank has made a loan Uf
$780, 900 10 the r. e. A. Engineering
Corporation for five years at s per
cent
The Empire City Savings Bank hss
loaned TO the Colony CONSTRUCTION
Company 100000 for ave years at =
per cent on the twelve-story business
structure at 63-67 West Thirty-eighth
street, 100x9s.9.
a building loan of 100000 has been
made by Samson Lachman to the Fay
Realty Company on the property f0o.1
xl2a.S on the south side OF 160th street,
1905 feet west of Broadway, for i'm
provement with dve-story apartments.
For the construction OF the eleven
story apartment house. on plot 102.2N
125. at the northeast corner OF Madison
avenue and EiGhty-fourth street, the
1875 Madison Avenue Corporation oh
tained "A building loan OF s62o,000 from
the Metropolitan Life Insurance Com
pany on the property.
The New York herald., 1922-02-12

ton as well. There is no owner so sordid
that he will not prefer good looking
building TO the old dry goods box type
iT he can it for less money"
Mr.. Corbett speaks from the solid
groundwork of personal experience, for
his firm has playei an important part
in the movement that is gradually
Transforming tie industrial sections in
Greater New York and successfully
combating the insidious old theory that
factory district has nothing before it
but hopeless hideosity.
"An attractive'factory building" says
Mr. Corbett. 'fs now clearly recognized
as an asset to the business. 1t is an
effective form of advertising and WILL
am firmly convinced, return dividends in
the form of increased enthusiasm on the
part of the workers. Tie modern manu-
featuring plant with a good exterior and
with ample provision for the welfare
and comfort of employees. as well as
for the manufacture and shipment of
products has proved its superiority over
the old type of factory in dollars and
cents.
"It is not necessary that a modern
factory should look like city hall or
fine arts palace. a factory should look
like a factory, and. indeed. an artistic
crime is conlmltleu Wnen IL looks ike
anything else. The true function of the
architect is not one of deceit but OF
sincere expression. A factory building
is a work of art when it most clearly
expresses the purpose of the structure
and combines architectural dignity to
the greatest extent compatible with
financial limitations and industrial
needs.
"The architect who studies the pur-
pose Of the structure will find means for
the expression OF that purpose. which
lend themselves to improved appearance.
If the architectural trea of the
building as a whole is restricted there
The New York herald., 1922-02-12

Inc, will offer at special sale in the
Real Estate Exchange, eighteen city
lots in that section. The property is
ready for immediate improvement and
is located on Hunts Point. Bryant.
Longfellow and Randall avenues: Faile
and Whitaker streets. Other offerings
include seventy-four acres of country
land on Rocky Hill road, Queens
county. opposite the Oakland Golf Club.
and adjoining the Belleclaire Golf Club
at Bayside.
Mr. Kennedy will also sell 500 West
End avenue. four story dwelling. ok
80; .2io East Forty eighth street. five
story dwelling. 2oxi00; 1911 Crotona ave-
nue., a two, story dwelling. 50xl05: n plot
10oxl0o, at the northeast corner Of
Kepler avenue and 23sth street; q
plot. 50xlO0. on the east side. of Kepler
avenue. 40 feet south of 23sth street in
The Bronx; and the block front COM
prising seventeen city lots on the north
side of Sutter avenue, between Foun-
tain and Crystal avenues. Brooklyn.
The New York herald., 1922-02-12

Memories of the stirring days follow
ing the civil war, when Jay Gould and
Jim" Fisk were running some Of New
York's affairs. such as the gold marke
and grand opera. were awakened las
week when the heirs of Jay Gould sol.
the once famous Grand Opera House
property at the northwest corner OF
Eighth avenue and Twenty-third street.
ft had been in the hands of the Gould
family since 1884. 1t was purchased
by Frederick Brown, one OF the most
astute real estate spectators and OPP
orators i'm the country.
Mr.. Brown, of course. expects to resell
il later on, but what the future has in
store for the site can't be foretold at
this time. There have been rumors that
o big apartment house or hotel. with
stores on the ground floor, might be
erected there. 1t Is quite likely that
an office building will replace the pres
ent structure. which Is leased to an
amusement company producing moving
pictures and vaudeville.
In August, 1869. jay Gould and Fisk,
who was afterward killed by Edward
Stokes in the Broadway Central Hotel,
attempted TO corner the gold market.
Their manipulations eliminated in the
panic known as Black Friday" on Sep
tember "a Of that year. The feeling
against Gould and Fisk ran so high that
the two men were Obliged TO 60 into
hiding in the opera house for several
days.
In 1913 the land was leased by the
owner. Bishop Clement &. Moore. author
OF "The Night Before Christmas" to
George c. Peters and William c. Lent.
who owned the Knickerbocker line OF
stage coaches. which operated out OF
this city. In 1864 Samuel n. Pike. builder
of Pixies Opera House in Cincinnati
bought out the lease and acquired the
fee. He erected the present building.
Il was opened early in 1868 az Pixies
Opera House with performance of III
Trovatore." directed by Max Strakosch.
Gould and Fisk purchased the house in
March. 1869. but Gould soon withdrew
lis name from the enterprise. IL was
Fisk who gave the house its present
name and made IL famous for its spec
t9cular ballet. productions, such as THE
Tempest" produced i'm 1870.
After Fisk's death Jay Gould pur-
chased the entire property and for sew
eral seasons under various managers
such stars as Pauline Lucca and lima
al Murzka made their first appearances
there. Following this the house was
The New York herald., 1922-02-12
JERSEY REALTORS TO
BE HOSTS TO BUILDERS

Realtors IN the Oranges and I'm Maple
ood y. j. are planning TO give a din
ner-to builders IN these communities o.
which a procedure will be discussed
whereby these builders may become
members Of the Board of Realtors. The
idea was talked over at meeting las
week at which the realtors sent a lei
tet Of congratIla,ion TO Thomas A. Ed
ison in honor OF hts seventy-fifth birth
day. The date for the get-togethsr dir
following committee was appointed %
arrange the affair
Frank Bowes. East Orange. chalr-
nan: l.. V. Oakes. Maplewood; Edmund
V. OBrien. South Orange: G. O'Donu-
ghue and Nelson King OF East oraps-.
The campaign TO raise money 20 ad-
vcrtis. she Oranges and Maplefscod -
progressing satisfactorily according ~
Frank II. Taylor OF East Orange. The
merchants arc rallying 20 the cause, 80
they appreciate the mutual advantage
which the advertising viii bring to the
communities.
Committees for the year were an
bcunced rs follows ArbltratIon--F'ran
Bowes. chairman. ]. Charles O'Bren
south Orange; Harry Taylor aud Mel
son King. East Orange. and Arthur
Richards. Ampere Associate Member
ship Committee-Stepheu Miller, East
Orange chairman; L. r, O'Connor ard
Arthur Baker Of East Orange Mem
bcrship Committee--James T. Ransom
East Orange. chairman; l.. V. Oakes
Mapiewood. and George Neck Brick
Church
The New York herald., 1922-02-12

just as presentable as your evening
clothes or afternoon wear"
THAT may all be true enough" re-
sponded the manufacturer with shrug
which failed to conceal the symptoms of
reviving interest, but I frankly can't
quite see this stuff about making fac
tory beautiful. If it is built in strict
accord with the building laws, has four
substantial walls. roof and sufficient
floor space 1t possesses all that / re-
quire.''
WELL" unused the architect, .I won't
bore you by discussing your social obl-
gations--your duty to give your en-
ployees as pleasant working home as
possible or to contribute to the archi-
tectural tone of the city in which you
live. There is one other consideration.
The public is beginning to develop a
shrewd estheticism in matters of this
kind. and it won't be long before it
reaches the conviction that the man
who is incapable of selecting for him
self an honest, well constructed, good
looking home for his manufacturing in
dustry is equally incapable of turning
out honest. well made paper boxes"
The architect won his point, and he
has used the same argument success
The New York herald., 1922-02-12
SPERRY
BUILDINGS,
ECATBUSH
AVENUE
EXTENSION.
BROOKLYN

fully any number of times since then.
Each year he finds his Industrial clients
less and less obdurate on the point or
beauty in factory construction. and 1t
can be added without any attempt at
irony that he finds the task of conver-
sion so much the easier because an ar
tistically built factory costs no more to-
day than an ugly one. and sometimes
less.
Beauty of construction is now rec
ognized as thing entirely divorced
from the cheap distribution of gew-
gaws 1t is dependent. for instance, on
such simple principles as proper VIM
dow spacing and column distribution
which sometimes mean a reduction, more
than an increase in cost. Useless orna-
mentation Is giving way to sincerity
Concealment is no longer regarded as a
virtue. It is now conceded that a dwell
ing should look like a dwelling, fac
tory like factory, and so on through
the various structural classifications. In
architecture as in all other forms of ar
tistic eXpression--as in life itself-hon-
esty of purpose possesses an intrinsic
beauty of its own which cannot be re-
placed by thrills. Listen to what Frank
j. Corbett OF the architectural firm OF
Helme & Corbett has to say on the sub
ject:
"Frils are the smallest part of the
architects real work in any building,
and especially in d factory building.
Frills may mean the cornices. the col
cred tiles the texture brick, the bands
Of ornaments. Or they may mean some
eccentricity that is glaringly out OF
place in a factory building or in any
building. But if the architect has
sense OF arrangement for appearance his
wider knowledge of types of construc-
ton, OF window spacing. economical
spans. column distribution. &c. should
enable him not only to achieve artistic
effect but to save money in construc-
The New York herald., 1922-02-12
Investors Take Over Big
Flat on West End Avenue

part payment 1909 and 1909 Avenue s,
two semi-detached houses. also four
lots on the west side of East Eighth
street 10 feet north of avenue r.
Deal on staten Island.
ATofstt & Schwab Of Tompkinsviile.
S. l.. have sold for the Fort Hill Devel-
opment Company two plots of land on
the northwest corner OF Daniel Low Te.-
race and Fort Hill Circle TO DIR. Robert
L. Krause. who will improve with prl-
vate dwelling.
Active Market mt Long Beach.
The Walsh -Hayhurst Realty Company
of Long Beach sold last week seven lors
on Park street to former United States
Marshal James Powers. who will erect
stores and apartments lots to Joseph de
Orio. to /. Edelman, to John Z. Denis,
TO u. Wanderer. to w. Quashi. to VI.
O'Rourke to Cornelius Morrison, to
Charles Disbrow. to Crawford Smith. TO
w. r.. Fritz. 10 Alvah Nickerson, TO Miss
Rose Flood, 70 II. Heger and to Mrs.
Annie Lynch: also TO DR.. Sylvia Levine
new house at Monroe Boulevard and
Hudson street for an all year residence
Queensborough Deals.
W. +. Drummer sold for the Sarah
Tator estate the former Poggi Hotel
on the corner of t03d street and Wash
ington avenue. Seaside, Rockawav
Beach. TO Paul Poggi. The same broker
sold for the Strauss estate a cottage
OF 1s7th street. Belle Harbor, to James
L. Farrell
The New York herald., 1922-02-12
Britain S Venture in Home
Building Makes Lion Roar
By THE ODD PARAGRAPHER.

England is ready to admit that pa
Its efforts at cooperation in financing
building operations so completely re-
n1oyed private enterprise from the mar
ket that its housing problem is as far
from solution to-day as it was two years
ago when the first Government loan
was made. Summing up the situation
an English building journal says:
The net result of the Governments 8
scheme after very generous period for
trial, is that few thousand houses have
been built. and often indifferently built.
at very high cost, which even IL let at
rents which those for whom they were
intended can I'm many case certainly not
afford to pay, will leave the taxpayer
and ratepayer under a heavy burden
for years to come We have all. during
period of quite unreal prosperity
opened our mouths too wide. and now
we have to face the inevitable result
What is the lesson? A nation cannot
supply free houses any more than it
can supply free clothing outfits. Houses
must be built as a paying business con-
cern. and this Is the fundamental prin-
ciple to be accepted. The only way this
can be done is by utilizing the ordinary
channels of private enterprise which
now freed from the incubus of the III.
nance act, and with, we hope. sam
and reasonable attitude from labor in
immediate prospect, ought to be able
TO tackle the problem in time"
Cottages which were built in South
Lincolnshire, England. under the new
housing scheme, are being rented to
agricultural workers at the rate of sl.25
week. The buildings cost more than
$1,000, exclusive Of the land.
The New York herald., 1922-02-12
Realty Pettifogsers.

Until New York city passes law
that will protect real estate investors
and responsible real estate brokers and
nullify the activities OF the fellow with
no office but the street corner. with no
qualifications except ability to prevari-
cate, and no capital except colossal gall.
the investing public will not give real
estate the attention IL deserves" Thus
did property owner express himself
recently on the need for license law
Tor real estate brokers. The opinion Is
interesting, since II proves that certain
owners recognize the advantage to them
selves In regulating the business of the
broker
The owner in question said he had
met so-called real estate brokers who
Knew absolutely nothing about selling
real estate, who had little or no knowl-
edge Of real estate values. but who can
Nassed sections from door to door to
obtain property listings and mulct un-
suspecting property owners.
What the real estate market needs
most he said in conclusion. 'is legis-
lation that will drive these pettifoggers
out raise the brokerage business to
higher plane and establish higher stand
The New York herald., 1922-02-12
Brooklyn transactions.

Realty Associates sold to a Brooklyn
builder vacant plot i00xS4X irregular on
The east eide OF Hanover place at the
corner OF Grove place between Fulton
and LivinEton streets. II Is not known
what Improvement will be made on this
property which is In the heart OF the
downtown shopping district.
Bulltley & Horton co. sold the south
cast corner OF Fourth avanue and Sixty
ninth street a plot 100x100. for Lee H..
Burton.
William Il. Jones has sold for John
+. Fogarty TO Morard Realty Corpora
ton three lots. each 20xi00 on the east
side of East Twenty-fifth street. 100 feet
north OF Clarendon road.
Henry l.. Nielsen leased for tho Cow
perthwait Company and the Joseph Nc
Mullen Estate the four-story building
at 25O-2j2 Pearl street. 10 Sabel q
Phillips. manufacturers Of picture
frames. The lesseos will move their
studio from 3Os Fulton street to the top
.loor OF this building.
Charles Partridge leased floor 'front.'
ing on Bergen street. az Bedford and
Rogers avenues 60 the Reliable Photo
Laboratory.
William Liss. Inc, sold for the Click
6. Kalt Construction Co. TO I. Green
the northeast corner Of Forty-seventh
street and Sixteenth avenue. consisting
of six new buildings OF stores and
apartments, The purchaser gave IN
The New York herald., 1922-02-12
HUNTS POINT LOTS TO
GO ON AUCTION BOOK

Homeseekers wishing to purchase lots
in the Hunts Point section of The Bronx
before the tax exemption law expires.
will have the opportunity on Wednes-
day. March l. when Bryan l.. Kennedy.
The New York herald., 1922-02-12

IL n wide entrance both from Eighth
avenue and Twenty-third street TO
common lobby. Is six stories IN height
and is built OF marble. A stairway OF
unusual width leads to the balcony.
The stage. one OF the largest in New
York. is eighty feet wide and seventy
feet deep, and the grcenroom IL the
most extensive in the city.
The New York herald., 1922-02-12

Thompson. Nine Januschek. cara
Morris. Robson aud Crane. Nat Good
win and many other celebrities OF the
stage appeared there.
The theatcr has seating capacity
OF 800 and standing room for 1900
mere. In addition to the auditorium IL
has a dress circle, balcony and gallery.
The front building. through which there
The New York herald., 1922-02-12

through a broker who has q definite
business address, and preferably one who
displays the emblem of a real estate
board"
Who Made the Largest Profits
what was the largest individual
profit ever taken out of real estate? This
question probably has been asked a
thoGsand times and undoubtedly has re-
ceived as many different answers-vary-
ing according to the imagination of the
narrator.
Before the advent of surtaxes. excess
profits taxes and the like il is probable
that fairly accurate estimate of the
great fortunes made in real estate spec
ulations might have been obtained To-
day it is different Successful real estate
operators are not boasting of their
profits. knowing how much truth there
is in the proverb, "Silence is Golden"
There is some interest, however. in
rumored profits. For instance. a noted
operator who deals only in very large
properties was reported to have made
"a cold million a couple of years ago
on the resale of a downtown office build
ing
In the Times square and Herald
square sections profits of 100000 and
100000 respectively were said to have
been made on quick turns involving
office structures. Many other stories are
told of speculative ventures in 1919 and
1920 that yielded fortunes running we'll
into six figures
While the truth OF these stories is in
doubt IL is reasonably certain that the
individual profits made during the great
speculative movement in improved prop
critics following the armistice were the
greatest in the history of real estate.
I'm the shadow OF skyscrapcrs.
There Is some agitation in London at
present for the construction OF buildings
200 feet i'm helghth. Certain Londoners,
however, are bitterly opposed TO the
plan, asserting that Il will eventually re-
suit in the same evils of skyscrapers
construction to be found in New York
city.
In connection with the argument
against tall Buildings housing maga-
zine declares. the opponents of these
structures point to the Equitable Build.
Ing as cxemolifying the danger Of such
improvements The Equitable Building,
these opponents claim. casts shadow
at noon on the shortest day OF the year
which completely envelopes an area Of
759 acres, cutting off the sunshine from
one facade of neighboring building
twenty-one stories in height and another
building fourteen stories high. ana
third nineteen stories high. These demon
statisticians have figured out that this
giant office structure casts its shadow
for almost fifth Of mile.
The New York herald., 1922-02-12

factory frankly still be beautiful
architectural standpoint This doctrine of sincerity rapidly winning
field industrial well
the photographs showing three factories designed by
Helmle & Corbett.
The New York herald., 1922-02-12

under many different managers. includ-
ing Joseph III. Tooker, Poole and Dom
nelly. Henry II. Abbey. Augustin DAILY
and T. Henry French. During this pc
riod Tony Pastor. Joseph jefferson,
James O'Neill, Emma Abbott. Richard
Mansfield, Fanny Davenport, Lester
Wallick. Mr. and Mrs. Mckee Rarkin
Edwin Booth, Mary anderson. Denman
The New York herald., 1922-02-12

ards of efficiency and integrity. In the
absence of license law. the sensible
real estate investor will trade only
through a broker who has q definite
business address. and preferably one who
displays the emblem of a real estate
board"
The New York herald., 1922-02-12

Alfred Somborn ana Herbert Jac1ues
Morris sold for the Twelve Hundred
Madison Square Corporation. repre-
sented by Stoddard & Mark, the San
Domingo, a twelve story flreproof apart
ment building, 75x100 at 949 West End
avenue facing Straus Park. The buyer
Is Nathan II. Stone of Stone & Schle-
mer. attorneys, who it is understood rep
resents a syndicate of invetors. The
house is arranged in suites Of five, six
and seven rooms. 1t was erected about
six years ago by Harry Schiff and
stands on the site Of the former Bloom
ingdale church. It was held at $780,
600 and the transaction was closed for
all cash above the existing mortgage.
Joseph p Day and Andrew NJ. Robin
son sold 440 ST. Nicholas avenue, five
story apartment house. 19.9x132x irreg-
ular. TO q woman investor.
John Finck sold 1897 First avenue.
on southwest corner or Eighty-eighth
street a FIVE story tenement. 25x100, for
the Mary +. Larkin estate: 1921 Third
avenue. n four story fiat. for the Giebler
estate; 226 East Seventy-fourth street,
a five story tenement. 25x100, for Lena
Rueseler;: 1914 East Seventy-sixth
street. a four story double fiat, 25x102.
for the estate OF Benjamin s. Strauss;
229 East Eightieth street. n four story
double fiat. 25x100. for Mary Kelly, and
333 East Ninetieth street. five story
double fiat. 25x100. for Arthur Viertel.
Henry Hof sold to Joseph Foden 1886
Second avenue. five story tenement, 20
feet south Of Ninety-fifth street.
Apartment House sales.
Duross Company sold 80 Horatio
street, six story apartment house.
with stores. at the southeast corner OF
Hudson street for Mollie Klang
Froman & Taubert sold 439 East
Eighty-seventh street, a three story fiat,
21.Gx100, 20 Johanna StulSe.
Liebhaber Realty Corporation pur-
chased a ive-story tenement 24,9xi00
at 1874 Attorney street.
Gottlieb Fuchlochcr sold to Samuel
Schulman n four-story store tenement,
25.11xS0 at 1876 Third avenue.
Frederick II. Smith sold to Thomas
I<onney a four-story house, 17.6x99.1t.
at $40 West 1881 street.
Philip Morrison sold to Hyman Har-
l5avy for $4,000 a six-story store tere-
ment. 51x100.5, at 323-327 East Sixty
second street.
John v. Miller sold 10 Albert Hoch-
ster. Julius Ruff. Emile Schuster ana
Otlia Doll the sx-story store tenement.
75x25. AZ 100 'Willett street. southeast
corner of stanton street
The Canal Securities Corporation
bought from the - West 136th street
Corporation q six-story store tenement.
60.10xs3.11x irregular, at 3o2-So4 Mott
street.
IIudson y. Rose Company sold to
Yetta Breskin q four-story tenement,
25xi00.10 az 420 East i15th street.
I'm the Dwelling Market.
" H. Caillard & co. sold for the
The New York herald., 1922-02-12
In the Dwelling Market.

" II. Caillard & Co. sold for the
estate OF John J. oulgicy a four story
residence. f6Xf0c ~ so West Eighty
fourth street. Negotiations are pending
for resale Of the property, which was
Lnld at S2b.OOn.