The Sun from New York, New York • Page 28

I 1c A lijinBllSHEfHOIBRBADT I JioLDttiVSTOM HOUSE TVKNKD ifflTO A MODEL BANK I 1iI ci rfOOOOOO All Horts of Inter MtlnB1 DovleesTwo Story Sato Ooavded Annor Plate Steam and pleotrlelty Kitchen and Clnbroom The work of remodelling the old Custom jBoueo to make it into a homo If or tho 1lc National City Bank is finished and tho fibank win move in in a week or BO From the outaido those who look up ey go about in tho financial district It havo taken note that an extra row ttrpmotaliM replaced tho old nttlo that onoerdisfigured tho building They may haveobserved too that the building is theroforo tailor than It was But BO edyJUvo tho architects moved to the new granite harmonize In vl THE OLD CUSTOM HOUSE AS REMODELLED FOR THENATIONALITY BANK ieoloV vrith the old that there are not troughcontrast to catch tho eye Uwtill last March that tho National ttyBanb officials gave orders to McKim wftd Vhlto to begin operations Tho transformation or tho old Custom House I baa been efTccted in the intervening time Ktere is little doubt that tho remodelled building is tho largest banking instltu ttOnin tho country in point of size even fMMlIe financial transactions the bank is tbelarifos American banks pjjWfta complete harmony of sober tones raft the oxwrlpr the building Is matched rJJtthe prevailing tone of tho interior ror5Dta suggestion of gingerbread ty the now building Oilt plush oiyi and fancy grilling will be sought in ffv bi Ttioro la nothing but a restful MQBOtona of creamy atone broken here Mathero with a glimpse of bronze and any It took one of tho officers of tho bank jfcywarorBdof about the country I to jljt ideas on bank and other con iiiniclion to devise tho very test plans r1orj the building A result has boon I jr dn countless details the building is i eripr 1b anything else of the kind ior instance for the network of the ji On the main floor qf the bank there employed strands of bronze wire more secure against moths rust or thieves Tho pedestals on which the strong box is set aro colonnaded and mirrors are tobe arranged so that from any side a person looking down may see at once if there is any one beneath tho safe An arrangement of piping will permit of filling tho pit with live steam sufficient to parboil any Intruder unlucky enough to be trapped The sides of tho strong box besides being made of railroad iron and armor plate ore protected furthermore by wire gauze electrified so as to give an Immediate alarm iu cose the safe isitouohod It looks very squat when Boon from the eightythree foot eminence of the dome but viewed from the floor level the safo is monstrous In the safe there is an elevator for specie One door of the safo is to bo used br the day force the other by the night force The business of tho bank Is BO great that it could with difficulty bo handled otherwise than by having two sots workers In the baaeraent port of the safe is a I hook vault where the books of the bank may be kept and scattered about the main floor are smaller safes twentyone in number for the books of departments thus doing awny with the necessity of carry rying certain much used books to the main I safe at the end of each day The aectricitv for the adding machines come through the floor in ducts from the power plant There are frequent inkwell i sinks in closets about the first floor The I may bo detained over night by work are on the top floor and a quiet calm place that should be library and a private room for financiers who dont wont to be In are over to one side Thero is also a largo room for the City Bank Club known as No8 The National City Bank is No8 on tho Clearing House list hence the name This club is imade up of the 400 odd employees of the bank I Running around the outside of the top floor is a high wall that shuts out all view of much except the sky Inside this wall there is a brick walk about 700 feet around giving a healthful place for exercise after roeals or for promenades Down in the basement besides the power plant thero are 594 lookers designed for tho uses of the employees and a time clock for checking purposes The various floors are reached by the employees ployees by means of private elevators I There is another Bot of clevatora for the accommodation of the public The National City Bonk began operations I in 1812 being known then aa the City Bank It subscribed part of the Government war loan of J812 The early prosperity of the bank Is regarded Mooing due to the efforts of Mcrws Taylor who won president from 1850to 1832 The present president James Htlllman lias boon at the head of the banks affairs since 1801 I Mr Stillman brought various other strong interests into the directorate and it now includes such names aa Henry 0 Frick of Pittaburg Cleveland II Dodge of the PhelpaDoage copper uiul brans THE MERCHANTS EXCHANGE IN ITS ORIGINAL SHAPE I Theee strands ore square in the cross lie tion but ore set on edge in order that tho dust may slide off them easily nd furthermore that they may be the more easily cleaned Thero is 110000 feet if this wire in the building The National City Bank might havo rntho Custom Houso building down rter it was acquired some eight years ry and put a skyscraper in its nlace In not doing so It may haM been influenced Jjjj sentiment When tho bank started fOperations in 1812 it wan housed in a build jlug at 62 Wall ntroot whore there was tho ld United States Branch Bank Thus it began ina Government building and it moving froin that Bite only to enter riipon another tenancy in unottiur former Government structure Jwhnps for this reason the shell of the Custom House was retained whon tho roliltect MI to work on the building The attlo that was added in civil war Irtbjes wan razed and directly above tho oM row of Ionia columns was set a row of Jorlnthlan pillars covering the now addition of five stories When the architects were ready to place tbene pillars they wanted to keep the I tttone as nearly like the old pillars in I tint as possible The old pillars wore cut from Qulooy granite but the new columns i bad to be cut at Sprucehead Me and Rockport HOM Six months of weather I Trill make them the same it Is said Inside the old Custom House won gouged out clean Straight up to the ilnme the old fittings were removed and the banks substituted As the building 11 Is now the main floor is cruciform At tea corner there ore mezzanine floors I runningupthreo stories9 Thobak aa 1 baan ri 8g no that on ttja ground low appear only thoca persons WDOM direct concern la with tho public The bookkeeping departments etorago and no on aw quartered on tho various upper floors in the corners That leaves a vast open space high coiled and domed aa tho main room of the bank Entered through two bronco doom they are 20 foot high and weigh 3800 pounds tho largest coot in this country the caget for the workers la directly observable This la beneath tho dome and sot about tho huge oof Tho safe is a marvel of simplicity It IB a strong box miulo in two stories It runs down Into the banomont or rather is built up from that twenty feet high It is twentyfour foot wido and twentytwo feet long There aro two doors one opening to the north tho other to the out Thoy weigh 10 tons aplooe but a pound of etoam pressure will open them when the combinations are not It would be hard to Itnnglno anything tdoautograpb the dictograph and a complete pneumatic tube system are all efficiency parts of the newest devices for office There will bo no bore of roessengei boys clamoring about tho bank Such boys as have business will bo received at a door in tho bent and their communications will be distribute by machine devices In the departments above electric carriers will toko charge of handing things For instance the bank has about 45000 checks a day to look after These will bent to a certain room and distributed from it by electric overhead carriers to the places where they should go This will do away with a get deal of the hustle and hurry of persona moving about and getting in ono ahothera way There will be a complete telegraph and cable equipment in the bank building The bank also will have its ow private telephone system with oventytwo interior telephones A bureau of information on the ground floor will take care of thn wants of those there on business Tho flooring outaido the stonework atoneworkt is of om pre cork Tono of footsteps Is deadened thereby I lathe first time this flooring has be used so extensively in one bull dine us The main floor is lighted by five ohande liers of bronze 12 feet in height These also will serve to light uplthe decoration abut the dome Tore ore twelve panels surrounding the glass At the four points of tho compass there a a aJa ofthe bank The other spa a taken up wit the signs of the eodlao This ell i in the Italian marble that 1 everywhere In the bank and makes a effective contrast dome wit the bronze of the framo of the In keeping wit the quiet tone of the min floor appointments nil the omo in the mezzanine floors are simple The presidents room is a very modest looking place The same is trua of the directors and committee dij rtrs ad commit rooms 4k Tho five floors ave tho dom form a I tAw ftUttw fa tit Aw four oro fOf nattBg purposes The floor above th put oft Mka Teoor and highly interesting For ono thine thero to a kitchen said i klten to bo aa well fitted as any in the city A hi tho Plaza Hotel Horo tho br tat mcala of tho employees and officers Trill mot There 10 a dining room for men which will hold IBTat atim Tho womens dining room ia much smaller rm 1 There dig women employee of tho fowomeI1m p16 Tore Oity Bank A private refriflor 1 Natonal Olt ating plant koepa tho water used throughout tho building cold Along ono sldo of tho well fore the upper part of the building tho top floor there pa bo an open air restaurant foor ther mi in tho summer whore meals may be hod by the banks officers in coolness and peace The culinary department ia the clnr deparont moat interesting thing on tbo floor and next to that cornea tho Janitors guars That fortunate individual will have six fornt idivl w1 IV8 ax Tat rooms and a bath as wall fitted up aa heart oould doalre It will be a pretty expensive suite too who the renting prices of tho rest of the building a proes 0 liken Into consideration Private bedrooms for officers who Interest Harrlman chairman of tho Union Pacific Railroad Cyrus II McCormlck president of tho International Harvester Company Ooorce Perkins of Morgan Co William Rockefeller of the Standard Oil Company and Jab Schlff of Kuhn Cmpy Other directors areFnuicIs Bn Charles 8 Fallchild Joseph draco Edwin 8 Slarston Stephen Pale Jnmec A Pot Taylor Pyno James A Stillman Samuel Sloane John Smuo Slone Sterling Henry A Taylor A Valentine Mosea Taylor and William Diflloano Jn 1001 Frank A Vandodinwho had been Assistant Secretary of the Treasury with Lyman Gage was elected vicepresi dent and he has since taken an active par in the banks management I The capital of the bank wa Increased from loooooo to 110000000 nor 1000 In June 1002 there was a further increase of tho capital from 110000000 IM000000 and of the surplus from 7500000 to 15000000 Among the record figures mode by the bank are some that never have boon neer hvobn equalled by other banks in this country On November 2 of this year the total assets reached 372849000 and the gross deposits 309728000 both American orda In Juno of 1009 the cash reserve rro reached the record figure of 909091000 Aa for the old Custom House it ltd on a sit where in IftVi a house waa first wOt put up In 1T88 a row of private houses on thb alto was converted into offices for lawyer and insurance men Then fol lowed the Merchants Exchange outaido of which at the intersection of Yilliatn ton Wilm and Wall atreeUi the Stock Exchango did business This tfM destroyed in tho great flre of 1835 and another Mer chanta Exchange waa put up The Government bought It put 1M It had housed tho Stock Exchange until 18S4 unt1 In 1881 the old Custom House was sold W81 to the National City Bank for 3295000 Tho improvements cost 2600000 BO that tho naw bank building represent a out iaorof not far from toO li TO EO OSES OF CONCKET SOME POPVLAK ERORS AEOV1 POPLI BllS AOUT TOE VSE OF CEMENT Tnat Mae Really Menollthl II at Present Then Jtl Costly lt Prtelr Advantages Groat ocP Trp tno Public Cenfiaea With Concrete Tell a man on tho street said an en ant youaro thinking of buildup a ono house and his answer will bi something like this Dont be BO foolish Hn aa ugly a eln Why out In Bogottu the have put up bunohee otonct houses for workmen all alike all mud col worken nl aUe ue a ore lmltationsfof granite Or Mother will Bay A friend of mine made his bou of ono Instead ofwood and the flra winter It all peeled off The foot about these two typical an BWCTS that you will ordinarily get paraging concrete la that neither tho mud colored Imitation of granite nor the ho that all peeled off the frt 1 winter Was built of conc th firstbelnga aocalle concrete block house the second a oemon stucco house Il0ue There is no such thing Ma ooncrot block because cd atone la used in tem They aro cement mortar blocks The trouble with thee blolaile deeper than tho fact that the look machine promoters have put themp misouously Into Ignorant and inoompeten I lies In the fundamental foe that in order to mae a block on a mae it ia necessary that the cement and aani be exceedingly dry that la molsteneoTwltl very little water BO that they will be st enough to bo removed from the mould Immediately Good concrete or gcxx cement mortar roust contain 0 very larg percentage of water In order that tho crystallization of the cement may properl take plo As ever ono knows who haa not beei led astray by the careless uso of tho word concrete is a hard stoneliko subatonci compos In varying proportions a It usea may demand of water broken Btom or gravel Band and cement The nearea approach in nature to note is found in tho old pudding atone those round tremendously hard boulders that we find 8 often forming the rugged atom walla of New Englands farms Crack the pudding atone and you mont it is seemingly a mass of pebbloi of varying sice from that of I grain of sand to an inch or eo in diameter all knl together into 8 compact mass by Imo oeinentitioua substance That la natures concrete When concrete ia used for buildlnf construction i Is almost Invariably ro enforced and Itialn tho correct esUmatimf of the and placing of this reenfordni steel that the solenoo of roonforood concrete construction comes in While tho uso of concrete goes fat bock into history that It origin It now th utilization of steel as a roenforcement of concrete is comparatively recent Invention This discovery i credited to a French gardener who conceived ceived the happy Idea of putting 1 wire reenforoement Into his cost cement mortar flower pta in order to prevent them from cracking He found that his experiment twos so enormously successful that ho gave up his work aa a gardener devote himeolf to the study of roon for rt Many of tho first re enforced concrete structures were built from his designs The reason for this reenforcement is easy for a layman to understand when I I is explained that concrete like granite boa enormous corapresalve strength that I to Bay column of concrete will up td hold a very great weight but concrete Is weak In tensile or pulling and bending strength When steel rods are correctly placed and properly embedded In a concrete beam they will take up all the bendIng and shearing Btressej ant the concrete will safely car ull the compression stresses Tha reason why concrete Is an economical building material aside fiqm the fact that it fireproof the steel reonforce meut is as one engineer well expressed It One dollar will buy as much cora presive strength In concrete a two dollars will in steel Thus this combination utilizing the economical concrete to support the com prAwiive loads andthe equally nnonomlesl steel rod withstand the tensile strains produces the cheapest and mot serviceable building material so far discovered reenforced concrete The reason that the building of house in reenf oroed concrete has lagged behind Its application to othei lines of biding lies in tho feet that practically all of the concerns that have entered the reenf oroed concrete construction business have devoted themselves to the construction of factories warehouses Ac because the large masses of material contained In this type of building and the simplicity of Its other details made the formation of an organization capable of such construction 0 much simpler matter than for house construction one equipped constuotlon aln a concrete factory for example practically 7 per cent of the entire coat of the work ia in tho ming and placing of the reenf oroed concrete In tho buildIng I of a house on the other hand the oost of the ooncroto aa compared to the cmp total cost of the house with its plumbing and heating and lighting and Interior ieooratlon rarely exceeds 2 prOnt if the total The concrete engineering firms in the ndustrial field have steadfastly refused xmtracts for house building on account of tho appalling amount of srnU detail In suoh work Take for example the instruction of such a biding a the Du terminal warehouse in Brooklyn One of the largest single items in this Ula lullding aside from the concrete con mst of window frames and Bashes Tho engineer designing them studied the conditions and drew the plan of a window boat suited to meet thera This was In all probability half a days work All that remained for htm to do with regard to tho window order waa to BOnd this plan multiplied 1200 the number of windows In the building to the sash manufacturer mnuf Ur Contrast this half days work which resulted in the placing bCa 16000 or 20000 order wit the placing of the 10 ore for the sash and frame that enter into the construction of the average 20000 boose It Ia aafe to say that the engineer will have to dell from six to ten different sited and ohaped windows to fit such a house and three or four days won be required for the placing of a WO 600 order torer This Illustrationshow a the different type of organization required for Industrial and domeatlo work The misinformation about concrete and iu confusion with cement mortar bloc wall and wooden Interior on struction on the one hand and toe cement mortar atuoco pUatered on a wooden frame on tbe other baa been caused fully much bytbe oremaloua friend of I concrete whoTiiave olaiinsd eVerytiblni tetbeira in which oameofc wtMb tho cartleeencM of tho publlo fn faUui differentiate one from the other II various types of construction which cement for a more or lesa 1m portant pAd that have been oonfuae i tho public mid with real monollthli ooncroto construction aro flvo Fit atuooo on wood lath coveruif a wooden frame This construction it exactly identical with that of ode houco save only that tbe exterior walli 8 late and plastered with a aand and cement mortar Instead of big covered with shingles or clapboards While tbli conutruotion la obviously Into sense fireproof Ithaprvo exceedingly satisfactory and durable hi hot southern countries Aa tbo Btuoco is a very po i pr conductor of heat such houses arocoolei orcler than tho ordinary wooden house and where there la no frost stucco serves proteol the wood and make an exceedingly dun bio construction The Beoond type i of tho same cot Btruction except that metal instead ol wood lath ia used This baa pmcUeaJlj prC1 the same advantages and disadvantage aa tho wood lath except that If wi not swell whon tho wet mortar is applied and then shrink away from the plastei when it dricn out as is often tno with the wood lat but Instead ol this tho metal lath la auDjoot to rust oiThe disadvantage of stucco in northern latitudes where frt fend rapid changes of temperature aro common during the winter isthat moisture get into the stucco and freezes Then the stucco pools off in groat slabs Experts gt agree that the life of a stucco wall in tho latitude of New York when built in thu best possible manner ia from six to twelve years The third typo is of the concrete block construction with a woodenframe This of course ia practically no more fireproof than the stucco house Moreover the blocks which are mot invariably mode in imitation stone aro pitiably crude and poor imitatioma The fact as before stat that the cement has never been allowed to flash and properly to bond the aggregates gether renders tho block tiot only weak but exceedingly porous and unless One goes the extra expense of furring lathing and plastering the Inside of tbe walls of auch a house an umbrella i Indoors becomes an indispensable adjuf ot to Ita inhabitants IndlapnbleildJu The fourth type a house built of terra ootta blocks covering a steel frame and Btuoooed with concrete The atucoo In this case I open some obJect Dln northern latitudes aa It ia inthe case of wooden or metal lath and theresults shown in the Baltimore and San Francisco flros furnish ample evidence tat terra ootta does not in reality fireproof a stool frame The late Edward Atkinson founder of tho factory mutual fire insurance system summed up the reason for the failure of terra ootta after tho Baltimore Are in one sentence The coefficient of expansion under heat of steel and concrete aro practically Identical whereas the expansion of terra ootta is I ou times as rapid as that of steel I necessarily follows therefore that whon subjected to heat the terra cotta covering of steel beams peels off leaving tho steel exposed to the ravages of the flame exp exposed column or girder in a houao its destruction by bending under heat will go far to wreck the entire structure The fifth type is of tho roonforoed concrete wall with a wooden Interior This construction gives a thoroughly good exterior wall gves affords some go manner of fire protection from the outside but notvery much more than dos tho stucco block house The interior is of than that course no more fireproof tht of the ordinary wooden house In the real reenfor concrete house tho columns lx ams floors are all of concrete and the partitions that ara not used to carry any loads may be of terra cotta block or concrete depending upon which wlll be th more economical under tho conditions The walla thegivon Qnditons wals may either be of concrete or of brick or stone a fancy dictates nil being of absolute unburnable construction but the brick or stone is considerably more expensive than the entire concrete building As I luvve already said the building ary lor concrete housed is practically a new Art and as such there have necessarily ben some failures InU oonntructlon tough the Ignorance of theme who have used It No fear need oxlnt on this pint in the prospective owners mind however It ts an absolute fact that no concrete building has ever failed after it was finished The reason for this Is that concrete continues tinues to go stronger for several years after It is made and i gin immensely In strength during ica first sixty daY The forms which support the concrete are removed In from four to seven days and ever failure tot has evef been recorded taken place upon the removal of thee forms I the concrete 1 bl withstand the strain that come upon it when these forms ars removM while it is Btill green and has less than a third of its final strength it Is absolutely certain that nothing can bring such a building down short of an earthquake buiding sor and the earthquake would have to be wore than San Franciscos As to the cst the reenforcod concrete bouse Is today practically as cheap as the wooden house and cheaper than a brick stone or even atc house provide the house in question is not to small The principal reason for its economy lies in the fact that aside from skilled superintendence necessary for the proper mixing of the concrete and the design and placing of the reenforcement all the workmay done by unskilled labor Thee ntato mentn apply to any home costing upward of 15000 Below that pint the expense of the engineering supervision put a burden on the oost and thus offsets the money saved in the labor item sve many methods of treating ho eiterior walls of a concrete hoW hat make it fully as beautiful aa any tht other material The way not to beautify ionorete ia to try to imitate stone with ito imitation is ever beautiful I ia only an imitation The bike factory which la generally eft ai It cornea from tbe for ia of course nota tiling of beauty No money I spent Core xatheno effect In such construction Inthe house however the comparatively sml wall aurf aowi can be treated In many llfferent ways at a exceedingly nmall dllerent wayot Ot each bringing out the true character ofthe concrete and each making a ughly effective structure One of the simplest and best ways of such construction ato scrub out Twith water and wire brush the cpment adhering to tho sand and stone on tho sur faoo a soon as the forma aro removed and while the cement 1 still green this whle gives a Jot interesting and artistic effoot Another and slightly more expensiveW Cy la to bush hammer the hoc thatis to sayto hammer off the greenish layer of laJorof almot pure cement which flows to Ific Bide of the forms aa the concrete is poured This gives 0 jt xturo to the wau much resembling stone the cleft face of the pudding Another construction and procaby the least expensive of all is tbe aooallod dash finish tho house In this case being practically painted wit white cement and sand a soon as tho forms ara removed mov a man has built a concrete house he not only haa an unburnable house but he ban an indestructible house Toro la no maintenance chare Painting patching dtc those bugbears of the pating woodonhouao owners life ace unknown woon Properly made wot concrete never Wot onoretnever PPril only the porous unflashed concrete that forms a good rain conductor drooncr wthatorms rn ductor Neither does concrete crock A crack In a ooncroto building is proof positive that tho engineering design a faulty as thero ia no possibility of properly reenforoed wolf cracking Who la considered that the flra loss of the United States roaches th enormous total of 300000000 It irhardto believe that the home builder will accept anything but unburnable construction aa soon aa ho reallzM that a oonorotA homo wooden can bo secured firetrop at the price of the or woe Jt kew tafto ftmteate TkM ft Yea We i Broke tbe KlfhMfeTere Make something with a ttraw in il aald the hot sport of Longaoro Su ar leanlnghla elbows on tho big onyx Bab I In hla favorite dUpoawry No hl continued after being questioned briey I dont want no oarbonlo into I nor no cherries nor olives nor tansy nor bitten I been taking In new angled till dont know whether Im a ve etablc garden or a pharmacy or a natural gaon poranaturl well I What Im yoarnln for thla mom la Bomothin smoothan sweeten stng thatll trickle through a otraw like tho lntWtlole throug crullers mother used to make Som thin1 old fashioned Jim Jim knew Thats what you might call sona aoothin said the hoi apart aftra I ahort Interval but Id rather havoto atm Jim gave him two straw Dyevcr study pHlosophjr Jim he sid dreamily after he had tp rarity satisfied hlmtelfl and pushed tho glaMhack to bo replenished JNaw eaid Jim We waa juat be ginnlntjoogaphy when graduated 1 alt necessary to8tdyIton Inuell tho hot sport nlyamc ought to know oonatdable of Itbit be dqnt have to study no book Bool onboozo aint tho only things mako ain flT Playln draw poker Ihfla man BO full phlosophy hell spill Goodthing said Jim case loali nil yer money Phlosophy help I apmothen Say exclaimed tho hot lpora i miringly you dont have to havo It i broke off inside You on catch aldo abon aa It gets cloa uptoyour head monll only take notice ho on plok upphlosoplyfasternhecancblps Some tmes It helps tlmcthelP he learns ia talnt no goo klckln no matter what happens I you draw four cards to an aco for a royal fuah only get BOO full you naturally eel sore bit a few swata like thatll getyo ao you wont put up a holier Alls you do is to Bee back am wattr some sucker to make a bet an1 then fgr Ime on whether aao fullit big enougnvt boose on i Ino tissa ir fen that aco ful with a contented mind 1 pick up as my chips as a royal would Looks likely said Jim Then If 0 man I reelly studioua a Ten get all tbo good out of a mol len wnen It cornea hla way hell gc so after a time be wont bo puffed up afer tm 8 speak of count havin piiahed a bluff through a atone wall I If hes a beginner rakes in apt juat by reason o1 bettin hla pile on a par deuocs when theres five players in hed some liable think hes better the average player Mkely heU try i again nth lost end that man be consMflble worao the first Thata where phlosophy 1 save hm 1 he turns to i quick enough Pblophy teaches us Jim llghtnin1 dont mot genly hit the aamo spot two time hani runnin and the Jnlalttl he gt ireye fore he blufis again rohoblun8alin Something inthat observed Jim Yombetyour weeks wages thorpis sxclalroodthe hot sport Theres mora It thanever came out IttuUiwcroefouta i Ita pUftaonhy Showa how It pay to Btick toa thing Say dabetawltl Jeuoea anf then wait Ull YOt pt WJU euol two tJIqOW iyll Couan yJPiJiP IWlrL ivep you OB jay iu vqur 01Gwlntrs hat ol oat farfj oftatfen full oy the time you Alnfc thateomo costly el 1 A1 atl Sdmetimefl admitted the hot sport but Its worth the ejcpese after you get Thats what I say Thb plloSophy of iU la stick to 1 nJi P1opy llll It payB fitteits pfcasobjlfa phlosopher fore he gets hla profit ho lit no Thala whatgives poker a bad nam Tsw aint phIosophicaL The quit losers A phlosopher wont a I08p some safer to quit winner jald Jim Belcher pile ThatVwhere the phl sophy pomes in Reason i out fryour sl Jim I aman quits the gamo when les out injured stands reaaoi loci a done bettor not to played atall jut If he quits when bea ahead there tome encouragement to play again That what you dopa asked Jim Every time said tho hot sport aex jepting sometimes a man gets fooled Mebbehell be ahead a the cards Mebb hel 0 cl be runnin st It looks like hed keepoi irinnin fr a aU8 hell keep right on Chen some plratell hold a measly littli itrolght against his three aoes a fot he knows lies loser The if hes a sure enough pb osopher he wont quit ln hes a loser in hell ult play along till hes broke an Phloaophy dont work hey sid Jim OhyeldO Dont you know that ilttle hymn we used to amg In Sunday ichool If at first you dont win out teep at it Belna ph loeopher the man 8 his idees waa right anfall he mn io is to ply em different next time So he keeps ona next time he quiU rlnner LeastwaysIf ha dont Homebody ilse does a phlosophy shown him ft night just as easy a been him mljhtjufas Look a bore said Jim ia little Im lationtly I wouldnt try no1 more o1 hem old fashioned drink if I was you Pea like youtalk foolish I on do hat much at poker my ownself an not set up for no phlosopher neither xx ks to mo like youd gone broke in the ame last night gmeatnlght the hot sport an thats rhere the phloaophy cornea In hadnt loat the wtuLtryln to puff it some Ida blowed it on somethin ei an not been no better off As i waa I stood a good chance wlnnln out I hod just oa much fun aId ban other way If that aint phloaophy Id lke to know what bhlosophy ia I Contentment fa bettern oonatdable innins oordln to what the phloeo hers says so I come out ahead anyhow say them thing with two trawsl Jim gave It tohlm i BRANCH OFFICES VhJ Daily rmmm Sunday Evenmr I DVBBTIBEBNB icriptiont mcy be left at thtm ofllcuvhtretherafcsaretheaame at tae ctusryed ci main oJee I len inbtertplton tn4 drn tle tfc Wall Street olBoo nro Street a lUre olo OeetcBuia a im nro dwtrarr tbat tnoOKLYN Urtacttoa Sbvtt nr Court Street BOSTON HASS Room Glob nI4 JAR I OI NKWMIK Sofiuatr JW BTMd BUF CJItOAOO ILL 186S1W4 TtltrTO D411 lLllt1 ATtAjmO CITY AlIO OIT NJVTitUT Eat I r1Bjt IAitEf I ftOTKL hSETObPOLE LKASKlt AT 91 0OOO A YE An I Belong to the Coe Estate and linn Been Taken Om United Chrniin for 63 YearsSite Sato to DP the Met Frequented In Theatre ntitrln Therewas an unmistakable root MOM of I tYi the real estate market lost week compared with the week before I many quarters this recession wbiln regarded as more or leas temporary WH I not unexpected Tho first effects of tho liberation of capita withhold before Urn Presidential election havoapparently spent their force the most urgent liquidation has probably for the moat part been haprobblyfor mot pr bn accomplished and tbo closed season for building operations ia at band I altogether likely therefore that the trad ingwill ba of limited proportions during durlnj the next two ninths A good spring buslow go prlngbiln particularly nclrlr I in the way of budding and consequently sin tho way of turning over vacant land is generally expeotod by professional operators but until then the prospect Is for a market of only moderate scope and sP oe volume Preparations for tho spring building campaign usually begin abut tho middle of February when the buying of building sites dtho placing of buildIng loans ore resumedin earnest Thoro seems bo no doubt that con struotion work will be undertaken on 1 large ocalo in tho spring The effect of high tax rato In promoting building la sufficiently well known tot warrant ths I conclusion and a high tax rte is jUt now coupled with low prices for building materials and an unusually wide distribu ton of vacant land among speculative holders Tho capital of these holders whether corporation or private operators is business capital much of it borrowed and has bo kept employed and the only employment open to i in tho absence of any considerable investment demand for lots la that of building A wealthy Investor may be quite willing and able to pay taxes and assessments on vacant 1 pyte adamentoD land out of bis inoomo from productive property but a lard company is not Itl the rrra position If it cannot carry1 on Its original business of retailing lots I Jt ia obliged to Improve Ita holding in order thereby obtain an Income with which to defray corryng 0hrgti eluding pride salaries dividend office rent ko and Perhaps a distinguishing feature of tho realty market in the coming year will bo an extensive transformation of operating companies into investment companies Some of tho biggest and most successful corporations that have bon retailing suburban lot on the In tent plan havo already announced their intention ar of building apartment houses next spring for ret while others will put up two family houses and private dwellings which can be rented if not sold at once Ri quito evident that a corporation which cot a group ofZOO apartment houses at a cost of 4010000 as a leadingv Brooklyn company proposes to do can afford to underbid the average landlord 11 the competition for tnt hetdtl effect of this prospective building by Utd companies may be to depress rents but 1C is believed that in the end the maruot 1 te Ilot1 bo strengthened by the substitution of Investment companies for purelyspeculative I concerns I is building improvement after all that add value to land The brokerage business reported last bs1e reprlat 4 week embraced a few purchases of business premises downtown in Pearl Canal and similar streets and a number of deus in private dwellings The transactions 0 in property of this sort were mostly for the account of intending occupants The bulk the dealing dgOpant lnCnv town lots lat and apartments It cop stated largely of barter and involved very A little ready money a little 0ttlJ dealing uptown i liquidation by private treaty Lending institutions wishing to avoid public foreclosure salei aro where ever possible taking delinquent eve pble tag up luet Prop i cry at private contract and turning it over to professional operators at icost By this procedure the led institutions do not figure publicly in the transactions flro pblcyln tr8cons fOII0r which are known the trade as riendjy Tho daily number of transactions rev 1 ported from broke offices fell off In the OOUTBQ of the week Yesterdays budget was perhaps the least important moda pehap Imprtt ma publio in some weeks It included however I a lease of the Hotel Metropole at Metople Broadway and Fortysecond tot by the Coe estate to the United ChemlsW Company fo sixtythree years at an annual ire of 70000 Tho hotel which is a four story building has a frontage of 613 tee on Broadway 801 fet on Fortysecond street 495 fet on Seventh avenue and wiO fort vu the southerly Has The contains Ci tiDUtlJ feet Tho lease was negotiated sue Bobln son Charles Brown A Co i It is said that the Coe ad theC estate not longs ago declined an otTor of 3000000 od4 a square foot for the property Ihe corf ner is probably tho choicest of its kind irf New York having not only three frontages age two of them on prominent thoroughfares but being in the bet of the theatre district Probably more people pass there diy than any other point In New York1 I 1 not even excepting Twentythird street il and Fifth avenue Private Sales rWENTYBlXTH BTRBETJohn UAn Dcn nelly has sold for Thomas Colton No 107 Est Iventysixth street a nhre entyaxth story and basement dwelllnar on lot Oioxcs The buyer owns Nos 10 10 104JXOS9 ill adjoining and now controls a plof 1021 EIGHTYFIFTH BTBEET ih Wood It Co have sold for Newborff Nol Wet ElghtytUth street a four storru dwelling on lot 20X1017 The buyer will ocoupr the house IMTH 8THEET Ferdinand Jfsgel bos sold lor Mrs Waeobter No ecu West itsth I street 0 three story dwelling on lot lfl8t 5 to Patrick Oallahan for occupancy SIiEVEKTH iBTIlEETMoore Wyckoff have sold for Herman Luning to Geonrs Tomes the four story and basemen dwelling at No 210 East Eleventh street I on lot 188x897 JJ 31GUTYE1C1HTH STREET The JloVie kar Gaillanl Realty Company 11 cput JunO on ttith lst Oooafdnd has sold for Ilarlan Wright th three story and basement dwelling at No Id Wet Eightyeighth slret on lot 108x1008 SEVENTIETH STREETEmlly McKay has sold Mo 22 West Seventieth street a I three ctory dwelling on lot 17x100 70TH 8TREET haw A Co have sold for i Margaret Ellis Noj 8 to 4V Ku 17Bth street to four story double flat I on plot ooxss HEMONT A VENUEClement Smith has tnirohased for 0 Julius Jah bin and 1 HlKtln their Interest in the three story la building at the northwest corner of Tromoat ana asa Ington avenues op plot 2o4Xllot irregular Miscellaneous i FF Proctor bought the Bevnn Iou and CotUgvs Larchmont Manor Tbe property udjolns Mr Proctor refi ence proper avenue which rlookn lanor Park Hone Shoe Harbor and LonB liana Sound The Frank Fisher Company nefotUtfo lie sale of the block front on Itherelda irtve from loath to itotb street for the hillock estate to Mrs Russell Sage Frederick Ittel ra the broker In the ue for the Empire City Woodworkfnc Cam panoC the plot 83i 00 at the norlh comer ol St Moholaa avenuo ant17l1b ulan Henry Kolsora leased for Ground I Ita riles toUornr Iew3iuhe three tory and basement dwelling at No sea est Twentyninth street for a term of I Frederick Fox A Colfave Iwwi fortbe itato of Meyer Guggenheim for a terra of Yeano the entire six su rjand basement utldlng containing 100000 square feet of uic tNoi iD420oOreenastreet Among 1 IB tenant that have rased quarters In I us buUdlaB are Lore Sootf i Jaurtch 1.