Show CREDIT T IS DUE GIVEN TOO TOOs s v v w v RUSSELL SAGES SAGE'S OLD HOME No avenue probably will wUl remain the home of Russell Sage as long as the financier lives He has re renewed renewed renewed re- re his lease of the property where he has lived for for- two forty-two years for another year twenty period The Gerry estate which owns the land on which Mr Sages Sage's house stands stands In Increased Increased increased In- In creased his rent nearly four times over but this did not interfere with his plans Mr 1 Sage said sald that he had decided he had been there too long to move and that rather than pull up stakes he would pay Mr Gerry what he asked Most of the the Gerry leases run for ty-one ty years two Forty-two years ago when Mr Sage Sag rented the property he got it for a year There was a a. ahouse ahouse house on it It but he has practically re rebuilt rebuilt rebuilt re- re built it to suit himself and Mrs Sage For the second year twenty-one-year period he paid a year This lease expires May 1st and when hen Mr Sage enters the third year twenty-one-year period he will pay an annual rent of about Increase In the value of real estate Is responsible for the increased rent There is a clause in most of the Gerry Gerry estate leases that if th the leaseholds are given up whatever buildings or improvements have pave been put on the land pass to the lessor New New York Herald |