Columbia University Libraries Digital Collections: The Real Estate Record

Please note: this text may be incomplete. For more information about this OCR, view About OCR text.

REAL ESTATE D B UILDERS D^-oMlI]®© Vol. CII. NEW YORK, OCTOBER 5, 1918 No. 14 Real Estate Flags Flying From Many Buildings Honor Eml)lem Shows Subscriptions Through Realty Division of Liberty Loan One-Half of One Per Cent. of Assessed Value LIBERTY BONDS form the i)ri(l,oe that spans the and suggested that as a compliment to Mr. Marling, space between patriotism and real estate," said who celebrates his sixtieth birthday to-day, the mem- .A.lfred E. Marling, chairman of the Real Estate bers pledge themselves to raise $10,000,000. Division of the Liberty Loan Committee, to his workers The United States Realty and Improvement Com- yesterday afternoon when they assembled, as they do pany, the largest holder of real property in the United each day, at the rooms of the Real Estate Board, 217 .States, if not in the world, has subscribed to this Fourth Broadway, to make their daily reports. Liberty Loan its full quota, through the Real Estate "The real estate owner already has the patriotism Division, as prescribed by the Liberty Loan Commit- and the rcal estate, and the bonds provide the means tee—that is half of one per cent. on the asssesed valu'a- by which the owner may show his patriotism." tion of its improved property. Chairman Marling has estimated that if the quota of In front of the Trinity, U. S. Realty, Whitehall, Flat- the division, $5,000,000 is to be reached, $270,000 of ĩron, Mercantile, and Everett Buildings, the New York bonds must be sold every day of the drive. Hippodrome, Plaza Hotel, Breslin Hotel, 67-69 Wall Mr. Marling said yesterday, "This drive is not con- Strcet, Federal Sugar building, and the company's fined to large property owners, but applies equally to numerous other properties may be seen the flag of the every person who owns a square foot of New York Real Estate Division which proclaims that these build- City real estate. I expect every owner to show his ings are as it were sanctified and 100 per cent. patriotic interest in real estate to the extent that the honor Laurence McGuire, president of the company, and emblem shall be displayed from every property in the v/ho incidentally suggested the plan that half of one city." per cent. of the assessed valuation of the property be A hmchcon was tendered the members of the several established as a quota, in speaking of the subscription teams at the board rooms yesterday afternoon. Li the of the Realty Company, said: absence of Chairman Marling who was attending an- "The directors of the company voted unanimously other meeting, Chairman Simon of the Steering Com- to subscribe through the Real Estate Division the mittee presided until the arrival of Mr. Marling. amount required to meet the company's quota. and in Mr. Marling asked President McGuire of the Real doiiig this it was in no sensc considered a duty, the Estate Board to speak, and Mr. McGuire said: "As Board believing it to be a privilege to subscribe fully president of the board I am disappointed that the to this loan. The company and its subsidiary, the members haven't taken hold in a firmer way, and it George A. Fulier Company, and other subsidiary com- will be thc cause of deep regret if the members of the panies, have subscribed to this loan over $700,000, and board do not show their appreciation of the special did so gladly and willingly." privilege granted by the Liberty Loan Committee, the Li speaking of the work of the Committce of the right to ofĩer a special honor emblem. Real Estate Division, Mr. McGuire said that every "I ask every member of the board to get five sub- owner of real estate in the City of New York must scriptions, and any man who fails to get five comes realize that he has a duty to perform at this time, not pretty near being in the slacker class. To the team only in subscribing for Liberty Bonds, but to put his turning in the greatest amount of subscriptions on subscription through the Real Estate Division in order Monday next I will give a bo.x at the Hippodrome and í^'i'it its chairman and other members of the committee the Real Estate flag will be placed over the box." ^vho are working day and night with him will be suc- A request from the committee in charge of the Altar cessful in not only reaching the prescribed quota of of Liberty, for the services of a real estate auctioneer $5,000,000, but in doubliug the quota, and it will be a at the altar every afternoon during the drive, was re- disappointment to Mr. McGuire if the Real Estate ferred to Mr. McGuire, who assigned Joseph P. Day Division reports less than $10,000.000. for this afternoon and promised to have an auctioneer Th^ individual quota plan, half of one per cent. of in attendance evcry day during the drive. the assessed valuation is not burdensome, particularly The subscriptions each day were as follows: '^ ""^ rcalizes that the bonds can he bought on install- September 28...................... $l08 600 '"'"* payments, and if during the next week the build- Septeinber 30 . . 45 300 '"Sfs, especially those of lower Broadway, are not deco- October 1 ......................... 167^000 rated with the quota emblems of the Real Estate Di- Octobcr 2 ......................... .345,000 vision, Mr. McGuire will be very much disappointed. October 3 ......................... 362,750 Mr. McGuire says that owners of real estate must ^ ^^^*" ......................... 4J»,000 realize it is impossible for members of the committee Total up to noon vestcrdav.........$2,087,700 ^" *-'''" "" ^^^^^ .'''"^ ''''^7 .°"^' ''."''' P^Perty owners .'^hould send their subscriptions either by mail or by Mr. Sinuin announced that the quota of the Real calling personally at the Rcai Estate Board, No. 217 Estate division has been doubled and is now $5,000,000 Droadway.