The evening world. Newspaper, September 13, 1920, Page 9

NEW TAX FIGURES HELP DOWLING IN RENT BILL DRAFT Senator tick: 6 on pad Changes, Including Fair 'Al- lowance for Operating. | Figures vhowing the cost of opera- tion, furnished by landlords asking increases In rentals, and which will be of service in working out the al- towances Senator Edward J, Dowling proposes to make for operating ex- pensey and net income in the bill he is preparing for the special session, have been ‘brought to ight through ‘ors Coommi ttee on Rent ind chia first draft of the f ‘ling has decided on one of whieh is to allow- ance for opera nd an- sthor of which will eliminate the 20{ per cent. addition to the assessed val- | uation of real estate to fix presump- tive values, expenses, were in many cases admittedly be- | low the actual values, but the depu- ties working In the field on the 1920- 1921 yalues, which will be open to in- spection by the public Oct. 1, are ex- pected to show an increase of taxa- ble values amounting to about 20 per cent. This, it ty estimated, will bring up the tax values to somewhere near actual values, Allowing 10 per cent. net on the ac- tual yalue for return on the owner's investment, and a further allowance of perhaps 6 per cent. or, on an estl- nate by Frank Mann, Tenement House Commissioner, 5 per cent. for operating expenses, a presumably fair rental would be 15 per cent. on the assessed value. How thls would work out in com-| parison with owner's figures is shown | in the following Instances, taken from | public records: No. 1038 Hoe Street, Bronx—As- sessed value $35,000. Probable as- sessed value 1921, $42,000; Dowling allowance for expenses, $2,100; Dow- ling’s gross rentals, $6,300. Owner's figures—Value, $40,000. Operating expenses, $2,359; gross rentals, $6,266, Owner demanded raises bringing gross rentals to $7,266. No. 967 Sherman Avenue, Bronx— Assessed value, $40,000, Probable as- sessed value 1921, $48,000; Dowling allowance for expense, $2,400; Dow- ling’s gross rentals, $7,200, Owner's figures — Value, $59,000; expense, $2,952; gross rentals, $10,068. Ren- demanded, $11,250, . 40 West 127 Street, Manhat- tan—Assessed value, $77,000. Probe able assessed value, 1921,* $92,500; Dowling's allowance’ for | expense, $4,625; Dowling’s gross rentals, $13,- 875. Owner's figures—Value, $92500; expense, $9149; gross rental, $16,499. se demanded, not stated, 3 West 118th Stfect, Manhat- $28,000. Prob. » $33,800; . Own- er’ figures—Value, rons ren- tals, $5,357. Increased rentals de- manded, $4,697. Items of expense listed by the own- ers are taxes, water, janitor, agent's commission for renting and’ collect- ing, fire and llability and other in- “Body builder, all health restorer. | Drink Borden's Milk and grow |§ stronger.” Y Written by ns Sao 2 Rhuthera. Beater Bronx, N, Y, ore The elements that go to make up BORDEN’S. MILK. build up bodily strength and _ vigor. Drinkipg a_ generous amount of BORDEN’S MILK each day keeps you in trim and for- tifies your “body against disease and sickness. An increase in the quantity of BORDEN’S MILK you drink means that much more added to your power of resist- ance. Borden's milk New York’s first and finest food. Borden's Milk— New York's First and Fin- est Food This is Prize Rhyme No. 47, Any boy or girl under 14 years can win $5 for each rhyme we can use, 2,891 conveniently located stores ready to serve you in addi- tion to our wagons. Borden’s Farm fit Company, ne. 03 VESEY STREET Phone: Cortlandt 7961 its, Coal and repairs, deo. ‘See trating or depreciation allowance, Mortgage interest, for the purpose lor Med a ee bit are not consid- expense, because {they represent ‘part of the capital In- yestment on which the owner draws 10 per cent. net return, for the busl- Bess ge being a landlord, Inasmuch commissions, offsetting possible haart by various kinds of insurance, are all hazards on the basis of which {t ts claimed landlords are ofl ted to higher return than a per cent., thelr inclusion part sf expense Instead of being msidered as administration is de- batable. Just how the Rowling bill would operate in a particular case may be demonstrated in any of the abov cases. In the Hoe Avenue house, is instance, the tenants were p: $8,266 when ‘the landlord demanded rents totalling $7,200. Instead of con- troversy, which makes hard feelings on both aldes, the tenants would as- certain the assessed value—probably $42,000, On this value the landlord would be entitled to $6,300 a year, an increase of leas than $3 a mofith on the entire butlding, He might claim more on the ground that his ex- penses, $2,859, were more than the 5 per cent, siswed. toder the Dowling bill, He could then go into court and submit his figures under oath, These would show his actual valuation to be $40,000, on w titled to $4,000 @ year net. If he could convince the court his figures on ex- pense were allowable, he would be granted the $2,359 claimed, plus the 000, a total of $6,359, or Just $59 a ear’ more than the Dowling bill would allow as presumptively fair . The 1919-1920 tax values) - >> Lame SS aS a GOOD LANDLORD LIST CONTINUES TO GROW <n One, in Brooklyn, Is Glad to Have One Tenant’s Six Children in the House. Lucky tenants who have good lani- lords continue to report to the Good Landlord Editor on the property own: ers who live-and-let-live, Mra, Fuller, No. 9 Cooper Street, Brooklyn, writes to say that not only has her landlord allowed her to continue At the old rental, but he says her six children are good youngsters and he is sind to have them in his house. The name of this landiord is A. P. LaSauce, | == of the same address. Mrs. Fuller has five rooms and bath and pays $22 a month, Miss’ F. Comerford, another tenant of % Cooper Street, also testl- fled that Mr. LaSauce is a good land- lord. While other landlords in the neigh- borhood are raising their rents ‘‘#eem- ingly without let-up,” A. Horatmann, No. 40 East 82 Stréet, has made one raise of #3, wht-h was’ justified by ctreum- stances, .\.cert BE. Barente, one of his’ tenants, auppliew thia information, and wants The Evening World to print it in the hope Mr. Horstmann’s exagiple will help gnake landlords @ little easter on tenants in the same block. No rent raises have been made by Daniel J. Carroll on the property at North First and Bedford “Avenue, Brooklyn, writes Caroline Montenes, tenant. He makes repairs promptly, without grumbling about high cost of inbor and Materials, ahe says. AT 106 HE LIKES 10 otor.t Almont Every Day Chester -K. Woodford Rides Twenty, Miles, WINSTED, Conn., Sept. 1. —Ches- ter K, Woodford of Avon expects to celebrate his 106th birthday Oct. He is ‘very well,” said his 4 ter-In-Iaw, Mra, Pres¢ott Vroodford, and enjoys motoring ps much as any oné, Almost every pleasant day he takes a twenty-mile ride in/an au- tomobile. He seldom misses a Sun- day churen service. He Intends to vote for Harding and Coolidge in November, being a stangh Republican, SO PURE AND He cant his fire’ vote for Van Buren nd has cast a vote In every Presi- | dential election since. r ‘The ages of Wy five childreh total 363 years, Those comprising the family circle besides the centonarian aro Mins Mary Woodford, eight; Mra, Anna Oberly, 7 : | six; Prescott Woodford, sixty-nine; | Mrs. Harriet McLean, sixty-seven, and Mias Carrie Woodford, sixty-one, All live In the same community fe employees of @ mattress factory In Puebia have struck, this being the Arat walkout of Mexican women workers, FRESH are the little leaves and tender shoots used in —. that a much smaller quantity is necessary to yield an infusion than in ordinary teas. Also | you have that delicious flavor. AT AEOLIAN HALL FOR ONE WEEK Ane N24 Neo 3 caer LSSss i Ne IRESHE Beginning Monday, September 13th A MOST UNUSUAL SA Li - Exchanged Ph aneeiphs Instruments of Leading Makes from $2 Q upward Savings are 20% to 50% on Original Prices HE prices of new phono- graphs are rigidly main- tained. And before the advent of the Aeolian-Vocalion, the exchange business in these instruments was negligible — too small to make Special Sales worth while. Since the Aeolian-Vocalion was put upon the market, however, this condition has changed. The Aeolian-Vocalion, with its notable superiority of tone and appearance, and its néw and fascinating, fea- tures, serves to induce a large volume of exchanges. It is the accumulation of these exchanged instruments which is to be disposed of in the present event. Here are phonographs of leading and standard makes—all in perfect condition and so guaranteed—and Terms as low at all prices, representing radical reductions from their regular cost. Every one of these phonographs has been through the hands of expert Aeolian repairmen and mechanics, and at the price asked for it constitutes an extraordinary bargain. We invite you to Sale. attend this If you have decided on any particular make or style of phono- graph, you will probably find it here. Its price and the terms on which you can purchase it will be far more favorable than you have ever had reason to anticipate. And even though you may not purchase, your visit will be enjoy- able through the opportunity to see and hear the Vocalion—the phono- graph that enables you to play the music yourself. as $4 Monthly THE AEOLIAN COMPANY AEOLIAN HALL, 29 West 42d Street, New York All departments in Aeolian Hall will be open evenings until 9 o'clock during this week Store Hours: 9 A. M. to 5.80 P, M. stern Brothers West 42nd Street (Between 5th and 6th Avenues) West 43rd The Upholstery and Lace Curtain Depts. ANNOUNCE the INITIAL FALL EXHIBITION of this season’s latest productions from the art centres of Europe and leading American sources. Sun-Proof Textiles—plain and fancy weaves of Tapestry, Velour and other decorative Fabrics, meriting your particular attention. A Sale of Unusual Importance will offer 200 pairs Reversible Velour Portieres....at $32.50 French open edge; all the rich, mellow colorings which harmonize with Chinese, Persian or Domestic Rugs. Irish Point Lace Curtains at $7.50 to 12.50 Newly imported assortments in artistic designs and at- tractive colorings. FOURTH Fi R. Presenting for your immediate consideration the most comprehensive assortments of HIGH-GRADE FURNITURE © we have ever assembled ai 7 are an outstanding feature of this extensive displa: Special Prices | from which we have selected the following ras 3 piece gab ea om Living Room Suite (as iustrated); covered in Tapestry or Velour. $600.00 $495 t.lue. Special at . DAY BED FRAMES Finished in your choice of colors ~ without any additional cost: Colonial style. Special $27.50 Ritz style. .... .Special $30.00 Windsor style...Special $37.00 8-piece Overstuffed Suite; covered in Tapestry or Velour. $500 value. Specialat $350.00 Loose Overstuffed Davenport — spring cushions; cover- ed in Denim or Sateen. $125 value. Special at $97.50 10-piece Walnut Dining Room Suite—#518.00 value. $425.00 Mahogany Colonial Four Post Bed Special at Mahogany Room Suites: 4 pieces with full size Bedstead. $400 value. Special at $345.00 5 pieces with twin size Bedstead. #475 value. Special at $415.00 10-piece Walnut or Dining Room Suite— #641 value. Special at $497, 00 Vassar Arm Chairs—Covered in Cretonne. $37.50 value. $25.00 Special at Chaise Longue-—Covered in Cre- tonne. %60.00 Value. Special at Unusually large assortment of Four Post Mahogany Bedstegds; twin and full size. $45.00 to 110.00 High-Grade Assortments of AUTUMN BED COVERINGS .At Especially Attractive Prices Heavy weight of the most reliable qualities at the following special prices: WHITE BLANKETS FANCY PLAID BLANKETS Single and double sizes, New designs and attractive colorings, $9.50, 11.75 to 16.50 pair | $12.50, 15,00 to 19.50 pair COMFORTABLES $4.50, 5.75 and 7.95 each Printed Silkolines in new designs and attractive colorings. MUSLIN SHEETS Single Three-qtr. $1.85 2,20 2.00 2.35 MUSLIN PILLOW CASES 42x36 45x36 50x36 48c. 55c. 65c. 70c. Double 2.40 2.60 Hemmed.... Hemst'd.... Hemmed.... Hemst’d.... es SSS ea ee