The Brooklyn Daily Eagle from Brooklyn, New York • Page 41

IT" STAMPS FRATERNAL Beooklyn daily Eagle XnC LEGION NOVEL' REAL1 ESTATE" "1 CLASSIFIED SECTION 1 Ml NEW YORK CITY, SUNDAY, JUNE 4, 1933 I TEXTS IN GREATER N. Y. 10 CENTS ELSEWHERE Hi IWnvtorn oP "Rill. Amarirlmorif Piplaar3 hy "Rdplfnvc Attractive Stone Dwellings of Distinctive Architectural Design Mortgage Bill Amended Help Promise Early Passage of New ill Comfort and sturdiness are outstanding features in these two attractive looking homes. They are finely planned with delightful and spacious living rooms, bedrooms and sun rooms and are built on large plots providing for ample lawns and beauty spots.

Each house is distinctive in its architectural design, suggesting comfort and tranquility. The charm and simplicity of the old New England farm house is well illustrated in the upper dwelling. The lower house suggests the English manor type of home. It is built of fieldstone with slate roof and limestone chimneys. The leaded windows of the upper floors add to its picturesque appearance.

3 MA: ti' it 4 I It It; i -4 Long Island Real Estate Board Extends Reference Services f- 1 1 LiuiiimnOBi utr.niwin-niiiniiilMnMWlrii" am 1 If Membership In and services of the Tenants Reference Bureau of the Long Island Real Estate Board are now available to all property owners. Membership in the past has been confined to board members. The change in regulations was made because of the desire to be helpful to all property owners and followed the submission of a report of a committee, headed by Edward A. Dangler of the Property Management Division appointed to make a survey of the situation, according to Edward F. Hosinger, chairman of the Property Management Division.

"There are a number of very compelling reasons why a bureau of this kind Bhould be operated by the Long Island Real Estate Board, which covers the entire borough of Queens In Its activities as well as Amity Harbor Home Colony Starts Season Brown Organization Has Improved Waterfront Property This Spring The new season at Amity Harbor, George J. Brown's waterfront development near Amityvllle, L. will officially opened today. Mr. Brown has spent $500,000 on various improvements at this one project during the past three months.

The main lagoon has been extended. The property is laid out so that dwellings have frontage both on a street and on a lagoon. The development Is six years old. Over 100 cottages have already been erected. Many of them are being used as all-year-round dwellings.

A new water station has been built in the southerly sector of the property, supplying the needs of the newest colony abutting the beach. Fifty employes of the title Guarantee and Trust Company, with their friends, staged their annual outing to Amity Harbor last Saturday. The party lunched at the Amity Harbor Yacht Club house, where Dan Kelleher played host. One of the events of the day was a baseball game in which a good time was had by players and spectators Builders and Realty Firms Encouraged by Recent Deals To Homeowner D. E.

McEvoy Realty Board Witness in Cap ital Commends Change According to D. E. McAvoy, chair man of the Long Island Division of the Home Mortgage Advisory Board, the amenripri Federal Home Mort gage bill is a marked Improvement over the original measure, inrougn pressure of public opinion Interested in salvafflnc American homes from the storm of deflation. It can be passed with certain more liDerai provisions, he believes. He said: "Senator Robert P.

ardent advocate of the home owner, a member of trie committee which reported the bill out In the amended and greatly Improved form, has expressed the opinion that vote might not be reached until next week. The home owner must realize that the $2,000,000,000 emergency relief measure to come up for vote at any moment in the United States Senate was intended to help himv The bill needs only a few changes to make It all that could be desired. How-mver. a stronir nubile ooinlon and liberal administration can make it work so that homes now already foreclosed or In danger of repossession may be salvaged." Mr. McAvoy pointed out improvements influenced by the testimony at these hearings that had been voted by the Senate committee: Inclusion of homes up to $25,000 in value.

The Government may advance cash up to 50 percent of the value of the property If loaning Institutions refuse to accept bonds in conversion. The Government Is planning to restore homes to those who lose them by foreclosure within a limited period. Four-family dwellings are Included, and temporary absence by owner not a. har to heneflts. Home owner may purchase bonds and pay mortgage an par.

Second mortgage and" Hens may be Included In conversion where the loan Is adequate. The board makes its own appraisal rules to accomplish "the pur-uposes of this act." T.llwrB.1 extension of time Of Day- ment of principal and Interest by some owners in distress. The gravest defect still in the bill, ltr MAvnw Kttlri the 15th-vear amortization of first mortgages, which made the home owner pay almost 10 percent a year, increasing his present costs instead of giving relief. The Interest charge of 5 percent was still excessive, the to, be appropriated would not be sufficient for the urban mortgage field, and the bonds should be guaranteed as to principal as well as interest to Insure conversion, for It would help the lending institutions, he added. "We feel It imperative that the bill should contain a definite standard of appraisal," said Mr.

McAvoy. "Horace Russell, general counsel for the Home Loan Bank Board in his testimony before the Senate group drafting the bill justified the plan for an 80 percent maximum loan by saying 'a compromise is Justifiable because If the owner has a 20 percent equity on the present market if he has any sense he will try to hold to He contemplated the present market appraisal. The new clause gives the board power to set Its standard, but It Is not proteegting the home owner unless the equity he has is safeguard-edfl It Is wiped out byj accepting forced sale value. The provlion for a 50 percent cash advance to owners whose mortgage holders are obdurate will aid only a negligible number when such a basis of aDpraisal used. They could get but ittle more than half of the value of the usual first mortgage." Mr.

McAvoy beleves much confusion will result from the provision which states that "the board shall make rules for the approval of the property on which loans are to be made under this section so as to accomplish the purposes of this act." The iiterpretation will depend upon the Individual's viewpoint, he said, for it might be construed as an act to aid home owwners or mortgage Interests or even for ultra protection to the Government. "The small group of home owners who could be aided by the 50 percent cash advance Is but 10 to 15 percent of the total now In distress," Mr. McAvoy continued. "We urge that the allowance should be increased to 70 percent, with a reduced Interest charge as In bond conversion and that provision to apply also to foreclosed properties. Together with a helpful appraisal standard this would extend relief and stop the tide of foreclosures and wrecked homes.

But If the Interest and amortization rate is to be kept high, as the bill now provides, no permanent relief is possible. "No home should be kept out of the scope of the act. Furthermore, relief should not be left at the discretion of the holder of the mortgage. If, Instead of the 50 percent provision, the Government established a liberal borrowing power or guaranteed the principal of these bonds this would Insure a market for these bonds. All lending Institutions and security holders would be helped and would co-operate." SALE IN BAY RIDGE The Colonial Realty Company, recently sold the two-story, detached one-famiiy dwelling, on a 30x100, located at 1022 84th for Frederick Ma Dan to a client for occupancy.

Building Code Public Hearings Start and Construction Firm Hope for Real Action Builders and architects were en couraged yesterday by the announcement that efforts are bcln? made to pass the new building code within the next few weeks, after many sessions In which prominent builders, engineers and architects and city officials took part. The code was introduced In tha Board of Aldermen last November and under the law must be subjected to a public hearing before the board can take favorable action on It. Recently a committee represent lng 14 prominent organizations, many of them allied with the building trades, called on Mayor O'Brien and asked htm to use his Influence to bring about the Initiation of the hearings in order to speed up what Is hoped will be favorable action on the new code. This committee, which Is headed by John Lowry, vice president of the Merchants Association and chairman of the committee which prepared the code, has gathered Information Indicating that considerable building Is being held up pending the passage of the code and that favorable action will be followed by the Initiation of operations which will give employment to many men in the building trades. The first of the public hearings on the code was held Thursday at City Hall before the Aldermanlo Committee.

Mr. Lowry said former Mayor Walker had authorized his' organisation to prepare the code five years ago and that three years had been spent on the work. The code recognizes recent developments in th building trade which were unknown at the time the old code was drawn. Mr. Lowry said speedy adoption of the code would release large amounts of pending building construction and would stimulate employment.

The Legislature's recent action tn amendlnng the city charter to create a Board of Building Superintendents was mentioned by soms speakers as an obstacle to adoption of the code. Frank Howe, president of the Queens Chamber of Commerce, urged that it be adopted as soon as possible. Representatives of labor organizations made the samo re quest. Samuel Fassler, Manhattan Building Superintendent and chairman of the new Board of Building Superintendents, suggested that the code be referred to his body and the Merchants Association so that uniform amendments might be made. Rudolph Miller, former Bronx Building Superintendent, said adoption of the new code would cause confusion.

Representatives of the New York State Society of Architects, the New York Chapter ot the American Institute of Architects, the Architects Club of Brooklyn, the Bronx Board of Trade and the Kings County Chapter of the Society of Professional Engineers spoke against the code. Private Work Leads Contracts Let Last Week New Power Plant to Cost $8,000,000 Among Proj-eels in Awards Listed A spurt in private engineering contract awards raised the total of all contracts reported for the week ended May 29 to $17,960,000, following three consecutive weeks in which contract awards were less than $8,000,000. Public works awards were the lowest in three months, aggregating only $3,933,000. Activity In the public works field is expected to remain low until the industrial control and public works act now before Congress is put Into effect, according to figures compiled by Engineering News-Record. The largest item in public works awards last week was for several highway contracts In New York, aggregating over a million dollars.

The gain last week in private work was accounted for in part by an award for a new power plant in Philadelphia to cost A gas pipe line contract in Arizona amounting to $1,200,000 also swelled the total. Private building, both industrial and commercial, amounted to over $4,000,000, an encouraging sign to the construction industry. Cumulative contracts to date this year are still far behind those of last year, amounting to $359,390,000, as compared with $303,245,000 for the same period of 1932. Several large construction projects are in immediate prospect. Bids will be called for soon on a new auditorium at Kansas City, estimated at $3,000,000.

Tacoma is planning new water pipe lines to cost $1,000,000. Low bids aggregating $5,223,000 have been received for seven additional tunnels on the Colorado River aqueduct in California. FLl'SHINo HOME SOLD H. Albert Johntra, as broker, sold the dwelling on the north side of 41st 775 feet west of Main Flushing, for Fred Johnson of Corona, and the dwelling on 76tt Drive west of 165th Flushing, for John MacLaren of Flushing to Ralph Samorl of Jamaica. Nassau and Suffolk counties," the board announced yesterday.

"The Long Island Real Estate Board has been established for more than 20 years. Useful service has been the keynote of Its continuous existence. This should be an assurance to property owners that service will be satisfactorily main tained and impartially rendered. "Duplication, of expense and et fort would be avoided by having one borough-wide organization Instead of the several now proposed that would operate within certain com munities only. "Through the real estate board the co-operation of agencies in other borough is available that would not be available to purely local organizations that would an preciably lessen the expense of the board bureau and be costly to other organizations not enjoying such co operation." pared for a number of groups of Bmall dwellings In this borough, In Queens and in Nassau County.

The sections where there is evidence of activity are Bayside, the Rockaways, Rockvllle Centre, Ridgcwood and Flushing. The builders, who begnn developments two years ago in the Marine Park section of East Flat-bush, expect to resume work on a number of houses within the next month. Promise of extensive construction work on the new city park this Summer has given Impetus to home construction in the locality to be greatly benefitted by the new public playground. Big- Tammany Chiefs In Bungalow Colony Tammany Hall chieftains, like many other big business executives, have decided that the Summer of 1933 is one when they will have to stay close to New York. In their case It is the Important Mayoralty campaign of next Fall which is keeping them close to their offices.

It is not surprising to learn that the Mayor and Mrs. John P. O'Brien, Mr. and Mrs. John F.

Curry and Mr. and Mrs. John H. McCooey are all taking bathhouses for the season on the south shore of Brooklyn at Manhattan Beach Baths. This resort is less than 30 minutes travel-time from City Hall.

Mr. Curry has the extra advantage of already owning a Summer residence at Manhattan Beach. Visitors at the Baths, therefore, should not be surprised if, on entering their bathhouse, they find the name of the Mayor on one side of them and that of Mr. Curry or Mr. McCooey on the other.

Just as former Governor Alfred E. Smith in years past has made Sea Gate, at the westerly end of Coney Island popular, Mayor O'Brien has chosen the easterly end and will do his swimming and sun bathing at the Oriental Beach section of Manhattan Beach Baths, Hillside Hospital Sold for $60,000 The Shelton Hospital, 175-12 88th Hillside, Jamaica, has been purchased by the Shelton Corporation, of which Dr. Slgmund H. Hcksh is treasurer, from the Nettlg Realty Corporation, for $60,000. The building had been leased by the Shelton Corporation for the past three years.

Coster and McGarey, attorneys, represented the buyer in the transaction. STORE RENTALS The Bulkley Horton Company, through F. C. Allen of its Nostraud Ave. office, recently rented the following stores: 613 Nostrand 622 Nostrand Ave.

and 609 Nostrand also a house at 33 Halsey for a term of years, and a duplex apartment at 352a Brooklyn Ave. Recent transactions In the home developments on Long Island In which vacant land and completed homes figure have given encouragement to builders and realty brokers alke. During the past week reports of sales of new homes were published together with the optimistic views of real estate brokers on the real estate market outlook. Announcements were made that several building firms, whose programs of home construction Were abandoned two years ago, owing to the mortgage situation, are about to resume work. Plans have been pre Plan Cooperage To Cost $3000,000 Shampan Sc Shampan, architects, have been commissioned to prepare plans and supervise the construction and equipment of a three-story and cellar reinforced concrete racking house, wash house and cooperage building, on a plot lOOx 100, for a brewery owned by the Interboro Beverage Corporation, Edward Blumcnkranz, president, located at the south side of George St, 100 feet west of Central to cost $300,000.

BIG GARAGE LEASE Cyrllle Carreau, leased the New System Garage, 337-343 E. 64th Manhattan, for a period of 15 years at an aggregate minimum rental in excess of $250,000. This property, a 6-story garage of 60,000 square feet, is owned by Amos R. E. Plnchot.

The lessees control the Park Plaza Auto Renting Inc. The lease was taken In the name of Gilbert Amarosl. 4 The Story of THE STORY THUS FAR At the death of DIrke Van Grller bts trandchildrrn lold his old home-toad In tho suburb to an apartment builder, who violated the bulldlni code by eonitruetlng the apartment house wall without oarrylnf up the adjoining chimney of the litte house next door where Madame Lavorlor lived. Bulldlnf Inspectors saw nothing (nothing but graft). Young DIrke Van Gefler, grandson of the original owner of the land, la killed by a fall from the acaffolding of the uncompleted building and the authentic map and deed of the Van Celler property disappears.

Drnmmond, an honesst young Inspector, In charge of the building operation, la told to "use bla head" en the Job. He tries to do his duty but Is forced to permit the violation of the building code. When the apartment Is nearly completed Martin Yardlinger, the new chief of the Building Bureau, an honorable and fearless man, defies the corrupt politicians, brings the violation Into court and wins. An effort Is made to Intimidate Yardlinger by a fraudulent rder to eonfiseate and demolish a row of newly-built houses belonging to Yardlinger'a father. NOW GO ON WITH THE STORY Y7HERES the lnia-ulty? Ac- yy curmng tne new maps, your father's houses are standing in the roadbed of Dahl- gren Ave.

The new maps are wrong so you say. But the only proof Is the old Van Geller land-grant, and your father's lawyers haven't been able to produce it." "I'll see Allenfort at once." "He's out of town. Before he sets back they'll be down. Unless." added Gates, you was to be reasonable. In that case evprvt.hlnc Muld be fixed ud and vour father wouldn't have to lose his houses." For the snaee nf a few hoort- beats, In the mysterious power of memory, itarannger saw lus father's life as he remembered It from his boyhood the stainless honor, the stalwart industry that won education and a foothold on the upward Way for his sons.

th nrlri In his craft as a builder, and lastly, me investment or nis modest fortune In the row nf wnnHorfnl houses, empty since their comple tion ana soon to te demolished unless "All vou need to do is tn slim this agreement for a special rul- lne. said Gates, returninff to his most persuasive manner and laying a paper on the desk. "You won't get anywhere playing a lone hand. wny not oe one or us? All the smouldering Indignation engendered in months of interference with his work and secret con-niyiug against him, burst forth lr- the Chimney of By BONITA E. KNIGHT A Tale of a Home Owner, City Corruption and an Honest Man in Public Office represslbly as Yardlinger snatched the paper and rent it Into shreds.

"One of you," he answered with passionate contempt, "I'd rather be the cheapest digger sweating in a ditch than one of a sordid gang whose living is won by the sort of graft that would sacrifice a little home such as this. One of you that have fattened on corruption and conspiracy, that have suborned my men to perjury and to such treachery against me that I don't know where I stand when I have violations in court. One of you, that have schemed the ruin of my father to force me to betray my office and deny the law I have sworn to uphold. Accomplice of thieves and grafters, take your blackmail," he flung down the torn scraps of paper, "and go. Get out of my office and quick, before I throw you head first down the stairs." He stood with throbbing pulses listening to the sounds of Gates' hasty departure, until he heard the distant clang of the elevator.

Then he roused himself and locked his office. must see his father before going to his own home. The clear Autumn sunset light lingered in the trees surrounding the Yardlinger homestead. Tawny and gold, russet, ruddy and rose, the fallen leaves stirred on the ground like the rising of bright memoies in the heart. Yardlinger felt the subduing influence of his father's home.

It fell with a blessed sense of relief upon the passion In his breast. Old Gregory, who had been so long in the family service that he had been called "Old Gregory" when Yardlinger was a boy, smiled upon him with gentleness and told him that his father was in the library. Yardlinger entered the library and stood still, his hand upon the door-knob. His father sat beside the fire motionless. He had not heard his son's entrance.

His head, with its thick white hair rested against the back of his chair. On his face was the still pale look of one who has heard Incredible Ill-fortune. Yardlinger softly closed the door, came to his father's side and stood looking down upon him. Intolerable anguish clutched his heart. One hand hung downward over the arm of the chair and fallen from It to the floor was the order of confiscation with Us red a Little House seal and the signature of Allenfort, which Yardlinger knew well.

"Father!" Yardlinger knelt down and laid his head against his father's arm. There was a convulsive movement of the muscular shoulders, then an Irrepressible deep sob. "Martin, Martin," said his father with gentle remonstrance. He laid his hand on his son's dark curls and they remained so for some minutes. At last Yard-linger raised his head and looked at his father sadly.

"They would have made a deal with me to spare the houses," he said in a low voice. "You didn't, Martin?" There was a note of sternness in the father's voice. "No. I put Gates out of my office, so tomorrow" he pointed to the paper with a heavy sigh, "It will break your heart father." "No," said his father with energy, "Evil days have come to this city. The outlanders over-ride us and all they know Is graft.

But the day of reckoning will come and it Is men with souls like your Martin that shall bring It to pass. The bureau had become a sepulchre of hoary iniquity. Righteousness and Justice were unknown there. But you have resurrected it. In all its arteries is the red blood of returning life.

You have made it unsafe for men to buy and sell the law there. What you have done the chiefs of other departments will be heartened to do and presently the chains that bind the city will be broken. No, no, Martin," he added as his son rose up, "My heart will not break for my houses for my heart Is not In them but in the good sons God gave me. No, do not stay with me; there is no need. Go to your home and rest for the work you have to do tomorrow.

Madame Lavorior cowered behind her closed shutters. Theturmoil of the past months was nothing to the clamor raging in many tongues as Sirocco and his men, supported by O'Brien, resisted the stop-work order. Pale but assured, Inspector Drummond commanded that roofer and plasterer, tile-layer, plumber and glazier, cabinet-maker and marble-cutter, painter, polisher and steam-flitter lay down their tools until the brick masons should be summoned back to begin the work of building up the chimney. To Be Concluded Next Sunday APPOINTED AGENT The Colonial Realty Company, was appointed managing agents by the Utlca Mutual Insurance Company for properties located at 7422 and 7124 New Utrecht Ave. Flatbush Home Purchased i-i iiM-'iEr11! a.

This attractive looking dwelling, 3507 Bedford corner of Avenue was sold for the Greater New York Savings Bank to Miss Agnes Carey through Henry H. Collins of the real estate office of D. A. Van Derwerken, Flatbush broker..