crown CU Home > Libraries Home
[x] Close window

Columbia University Libraries Digital Collections: The Real Estate Record

Use your browser's Print function to print these pages.

Real estate record and builders' guide: v. 32, no. 819: November 24, 1883

Real Estate Record page image for page ldpd_7031128_032_00000476

Text version:

Please note: this text may be incomplete. For more information about this OCR, view About OCR text.
November S4, 1888 The Record and Guide, THE RECORD AND GUIDE. 191 Broadway, N. Y. TERMS: ONE YEiVR. in advance, SIX DOLLARS. Communications should be addressed to C. W. SWEET, 191 Broadway. J, T, LINDSET, Business Manager. NOVEMBER 34, 188S. Now let Governor Cleveland redeem himaelf, which he can do by appointing a District Attorney who will not affiliate with the criminal classes. The management of the department over which Mr, McKi?on has presided has been a scandal to the good name of New York. We want a proaecuting officer who will try the prisoners and try and enforce the law. It is absurd to hold free trade meetings in New Tork. The peo¬ ple to convert are the protectionists in New England and Pennsyl¬ vania. Ae soon as the manufacturers are satisfied that foreign competition is less dangerous than that of the South and West, then will we have a lower scale of duties, but not before, David A, Wells and his associates should hold their meetings in Philadel¬ phia, Pittsburg. Harrisburg, Lowell, Springfield, and other head¬ quarters of the protected industries. We do want a larger market than our own country affords for the sale of our manufac¬ tured goods, and we can never secure this until taxes are taken off of raw material and the scale of duties are liberalized. At a meeting of the directors of one of our leading banks last week, not a single note from a mercantile house was offered for discount. Tbis has not happened before during the nineteen years the bank has heen established. The institution in question has a very large surplus, but, like other banks, it has been reluctant to lend money to merchants. The latter have at last become tired of asking for accommodations, Tbey prefer to borrow of outside bankers, mortgage their houses or limit their business rather than submit to the humiliation of having their paper rejected by the banks in which they have heen in the habit of transacting businesa. The decision of the Supreme Court that the Ninth Avenue Street Car Company has the right to extend their track along Seventy- second street and up Tenth aveuue to the Harlem River has been received with great satisfaction by property holders on the west side of the city. Our singularly maladroit daily press have done all they could for years past to prevent the passage of any legislative enactment that would supply street railway facilities for the west side. But this court decision fills the bill for the present. It makes up-town property valuable because it renders more available every lot on the west side above Seventy-second street. Now we require a cross-town road on Forty-second street. The New York press and Governor Cleveland deprived us of that needed improvemeot last year, but as a great railway corporation—the Buffalo & West Shore —will require this accommodation for their patrons, the Governor will doubtless find good reasons for signing instead of vetoing such a bill next winter. The New Real Estate Exchange. Below will be found a list of tbe geutlemen who havo sub- flcribed for ten shares each of the " Real Estate Exchange and Auc¬ tion Rooms (Limited)." It will be noticed that the names are among tbe very foremost in real estate circles as ownera, agents, brokers, auctioneers and builders. Many of the subscribers, such as Astor, Sherwood, Aspinwall, Cruger, Higgins and Hamilton, represent great estates and families noted for their large landed possessions. Pine street and Trinity building ia especially well rep¬ resented in this list. Over a hundred and fifty namea are yet re¬ quired to complete the needed number, 350, which, when secured, will organize by adopting a constitution, electing officers and secur¬ ing a desirable site for the proposed Exchange. A large number of circulars have heen sent out calling attention to the desirability of membership in this organization. If any one who has a right to become a member has been overlooked, it haa been through inad¬ vertence. Persons deairing to become members should send their names in with a check for a hundred dollars to any of the commit¬ tee or to the United States Trust Co,, corner of Wall and William streeta. None can subscribe for more or less than ten shares, 10 per cent, in cash and the rest when called for after tbe organization ia effected. It ia understood that after the first 250 subscribers are secured, the remaining shares wUlj be held for a much.,highBr figure. The commissionera reserve the right to reject the ap^.''na¬ tion of persona who should not Exchange. Astor, William . , Aspinwall, Lloyd . Andrews, Geo. H., trustee Bellamy, Albert . Bailey, Nathaniel P. Berrian, William . Bogart, A. W,, Jr. Brien, John . Burchell, John J. . Blakely, S. M. Cruger, S. Van Rensselaer Cammann, Herman H. Cruikshank, Edwin A. Croly, David G. . Cudner, Albert M. Carreau, Cyrille . Coates, Howard W. Clinton, A, J. Cruikshank, A. W, Detmold, Cihristian E. , Davidson, Jobn . Degraaf, H. P. . Ely, Horace S, Friedman, Leopold Fink, John W, Fish, Ferdinand . Gantz, George P. . Griswold, John N. A. . Hamilton, Robert Ray Harnett, Richard V. Honig, Isaac , Hinchmau, Benjamiu, Jr. Hays, Jacob Hildburgh, Henry Higgins, Elias S. Jayne, Samuel F. Johnson, Jeremiah, Jr. Jackson, Charles James, D. Willis Krohu, Franz Ludlow, Edward H, . Lawrence, Newbold T. Leviness, J. Edgar Lichtenauer, Joseph M. Lowe, James M. Leaycraft, J. Edgar Lockwood, Calvin B. Lockwood, Frederick F. McMullen, Thomns Magrath, John A. Morrison, E. Myers, Sinclair Muir, James Mordecai, A, L. , Meyer, Siegmund T. O'Brien, Henry S, Phillips, Lcuia J. Read, George R. Richards, Benjamin, Jr. Riker, Nathan W. Robinson, Andrew J. Ryan, William M, Roome'a Son, W. H. . Sherwood, John H. Stevens, Byam K. Scott, George H, Sweet, Chnton W. Sause, Edmond J,, Jr, Smyth, Philips. Taber, Henry M. , Van Siclen, G, W. Von Hesse, Christian WindmuUer, Louis Weyman, C. S. . Westbrook, David B. . Willard, Edward K. . Willard, James S. Winthrop, Robt, Zittel, F. . . . properly belong to a Real Estate 23 West 26th st. 25 East 10th st. 146 Broadway, 5 Pine st, II West SSth St. 261 Broadway, 16 East 18th st. 152 East 65th st. 206 East 66 th st. Fulton St. 4 Pine st. 163 Broadway. 191 Broadway. 325 West SOth St. 2116 5th av. 42 West 34th st. 71 Wall St. 163 Broadway. 237 Broadway. Bowery Nat, Bank. 22 Pine st, 9 Pine st, 343 West 56th st. 149 Broadway. 345 West o8th st. 250 Madisou av. III Broadway. Ill Broadway. 163 Broadway. 13 East 54th st, 43 East 68tb et. 83 and 81 White st. Orange, N, J, 9 Pine at. 1570 Broadway. 40 East 39th st. 53 Beaver st. 3 Pine st, 4 Pine at. 3 Pine St. 36 Broad st. 13 West 123d st. 915 7th av. 189 Broadway. 108 Weet 130th at. 44 Beaver st. 74 Irving place. 13 West 39th st. 923 Madison av. 29 East 18th at. 5 Pine st, 1115 Madison av, 4 Pine st. 3 Piue st, 3 Pine st, 908 Oth av, 116 East 30th st. Great Neck, L. I, Plainfield, N, J, Gth av and 115th st, 33 West 33d st. 8 Pine st. 191 Broadway, 3 Pine et. 343 East 16th st. 141 Pearl St. 99 Nassau st. Albermarle Hotel. 49 West 46th st. 18 West 33d et, 111 Broadway. 73 Broadway. 73 Broadway. Dfexel Building. 1026 Third av. Mr. R. A. Chesebrough now thinks that the promoters of the rival Exchanges should come together. Of course it was not wise to try and start several Real Estato Exchanges at one time, but there seems no other w^ay out of the difliculty now than for the scheme which t o far has had the poorest backing to retire from the field. The Ludlow project has so far been remarkably successful, as will be seen by the list of subscribers, but there are no means of knowing how the rival scheme is getting on, as the list is withheld from the public. The following letter, apropos of one of the rival Real Estate Exchanges, explains itself: Nbw Yobk, November 33, 1883. Editor Recohd and GniDB ; Dbar Sir—I answer your note of this date asking for a list of the sub¬ scribers to the stock of the Real Estate Exchange (Limited). I regret tbat I cannot comply with your request. I do not feel at liberty to do so. Yours truly, Chs. Coddekt, People who think stocks are better to hold than real estate would do well to study tbe moral to be drawn from the sale of the Morgan eatate. After holding the property on Madison avenue. Sixty- ninth and Seventieth streets for ten years, it netted a very hand- JBOme profit. So did the Central Park Weat lots—a more recent