The evening world. Newspaper, May 30, 1913, Page 8

er aft ita . ao thie ze te > a eee + Fordham sent Me tea trom Meat Ratate Dealer Trtea tq | Ailes reaching te nowt Beard Meving Trolley. Josep R. puwell seventy reare| ant Two Bre indred a: and | @ real estate dealer Ie InGirlhood omanhood ‘Motherhood - ee ae CAEAL ESTATE AT AUCTION. | REAL ESTATE AT AUCTION. ‘We will execute bids fer intending purchasers at the Morris Park Auction Sale authorized by the State of New York Banking Department ‘On May Sist and succeeding days cian ee ne een ee. Pease & Elliman, 340 Madison Ave., New York L. J. PHILLIPS & CO. 158 Broadway, New York City, | In 1910, through the failure of the Carnegie Trust Company and the Northern reg of New York, the: Banking Department as uidator of these institutions came int amount the soousilies of the Se oniee which ‘waed the Morris Park Race racl-. ta “ The Department has agreed to the sale of this property at an absolutel tected sal rd help pay the creditors of these failed institutions. vy y unpro' auction sale in order to This Department realizes that a lar tract of this kind, consis f 3019 lots, cannot be sold t public private sale without a great sacrifice of values.” pice eee If, however, such sale is made at public auction, properly advertised, the public, instead of speculators : ‘ with large capital, will have the opportunity to make money from such sacrifice o sm This opportunity has been explained to the public largely through advertisements and press'‘announcements. | A letter from this Department has been published giving a description of this magnificent property and call- | Will accept orders te buy lots at the Morris Park Auction Sale + Seana eM authorised by the State of New. York Sauktas iy a On May 3ist and succeeding days. ing the attention of the public to it. pve ths Eerste! oem taithins tas tei cali 40 es building up of the Bronx and the a rire and marked increase in the value of its real estate. ‘J. Romaine Brown Co. 105 West 0th Street, New York City hoe Perk Auction Sale (erate ot Hie York bening Department On May Sist and Succeeding Days Co tion sales authorized by the City of New York have been quoted, sh th ‘ the | ou property was sold and the present largely i increased values. ole ae oe It has been smoke how small amounts of money invested at previous sales have grown to large amounts b reason of such increased values, the growth of the district in population, and the prebtion OF buildings. | The stead, growth of the City northward from its very beginning, and the cause of such growth, have been AGAL BOTATE FOR SALE— NEW JERSEY, | It has been shown that this property isin the direct line of growth, and, in fect, that such growth has at the | This growth, caused by transit facilities rabouly built and now building,.for th tt | th five | agg fon sha nat pear, have boon edwin and I me pul ding or the past ten years, the past | Everything within the power of the Department has been done to call attention to the sale. Gia While the Department realizes yor ea: the F sige time is not a favorable one to sell such property at auction, | to the low ties, the uncertainty as to tariff , and th | TL atin, pee owing fo tN ™ prions ae CER nue a. pe un a y as to canes and various other causes, | The Department feels that it hes done its full duty in calling the public’s attention to this sale and the | opportunities afforded by it. IT IS HOPED THAT THE PUBLIC WILL APPRECIATE THE MANNER ‘'N WHICH THIS OFFERING | IS MADE AND SO DEMONSTRATE ITS APPRECIATION THAT THE DEPARTMENT WILL | FEEL JUSTIFIED IN OFFERING FOR SALE IN THIS MANNER OTHER PARCELS OF REAL { ESTATE yey BY INSTITUTIONS IN PROCESS OF LIQUIDATION, THUS GIVING TO ALL THE PEOPLE A CHANCE TO SHARE IN THE PROFITS THAT MAY RESULT FROM ‘SUCH A SACRIFICE OF VALUES. ALBANY, N. Y¥. THURSDAY, MAY 29, 1913, Superintendent Banking Nepartment, State of New York. || Sale Begins To-Morrow, 10 A. M. : AND CONTINUES ON SUCCEEDING WEEK DAYS Only 40 Cents | . ae: In the Club House on the Property—Rain or Shine ee — ‘Pett 3019 Separate Lots, « Dwellings and Club House fe Go To-Day and Look at the Property! 70% CAN REMAIN ON MORTGAGE “To Get to Morris Park Race Track, take: The Subway Sige rede) ra es ma et rs te ee ha The Second or Third ‘Avenue “Elevated Railroads Vp Leth Beroee, ty thenoe by New York, West. treliey car te the property. Or via New York, New Haven & Hartferd Railroad. ¥ Coomast, seith. 9 Elevated and bt 148th All C. Bronx Cars Son all ped end | Subway lines at 128th, 135th er Street, Savings Bank Books Taken as Deposit on the oo of Lots. Titles Insured Free by Lawyers’ Title Insurance and Trust Co. Send for Mapes and Particulars to J, Clarence Davies, 140th St. and 24 Ave., New York City’ - Joseph P. Day, 31 Nassam St., New York City Agents and Auctlensers