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Show ONE BET WALL STREET OVERLOOKED. UNDER ITS NOSE! villi v.lioin I made Hie '- Your fir'n bus uurir-rffom- mhuy c.Unuw. that (Ijt-. s Dot on? b-ft v.iio tigumJ io the l'"- Vou'rfl liU the fa moms old thijj Argo, vitb which Ok: Argonauts rf'-nt of tor the fc"jl'l-u H was patched and pat.-h:d until the put':bi took the place of evfti-y inch of the original fchjp. I'll not d'ral with you." "Well," was the rt;jily, "kings and corporations cor-porations n:v:-r dk-; individuals may coiofl and go, but our firm go.-:-; on forever. ADd k-rf'H where v:c ekrt to continue to go on." Arid now thft matter is id the courts and Ia'.rM;r aru fattening id an effort to find out whahf-r the landlord or his tenant has th paramount rk;ht to the premises. One thing app'-ifK to br? agreed all around: IE the I 'rase- had expired a y-ar ago aDd the tenant had Mgnilied his will ip.noss to remain the landlord would undoubtedly have elofc'rd an ftye to the changes in the firm's personnel and ivould figuratively have fallen about its neck and wept tears of joy over its lease - reuev. al a unounciinent. A company hag just been formed to buy up the old, dilapidated rookeries west o? liroadv.ay in the Wall street section. The owners, mostly old Knickerbocker families, have been loath to tear dovn these eyesore fetru'-ture.s, partly b' cause they could not tee the sense of building at a time when rents were low and tenants scarce and partly a!t-o because they bad kept hoping against hope thatvthe Broadway spirit would waft itself across Trinity Cemetery into the Trinity place, Greenwich street and T nst etreet section and make building there worth while. That f.pirit now seems to hare been awakened. Hence the new company. Irving K. Bacon n'Vll. SI'Urrr hre du, ttllcrne, jjn and culuunfi tiro Hi ertH.-il. bn ! a :'..-ukv ir.:!hO nuuiv a n v ',.. C-.V.lh, hilt n MliVt COllIC hUUt ,.. ' is c.u r,i t".-;:;e.-.l and ru'lwM dum , t 0? it. atwl h the tu.:c II is through will (y. cls'Pi Tl'e-.'s net much nunc thttu it; V'! (T vS':-? n t !' is tty Wall street i.-Mt'.l around the j;lote to t.tt.e u oil .'' u'.v.'.-J. r.Miiv:i.N, ssivel t':n and wtmt ... 3-.-, I l'-wr siv-ires -ams or d.'Usrs lo ;.vA'c a l"-'C!-i'cVT . no waiter bow diMtr.it v. ! be. c-r. ui'.ui'r its wry wove1 lav n gold m' im-alc'LiMo iiluf which it o tr V.'lf-l; for. with iis eves fifd upon the far f: ?s of the e.-irt.i, N all street, yea, HMute, (-:.'uvl and i'-y Wall street, n-.issed its e' i'.w 10 capture a ecol billion dolltirs which i: hi.1 b'eu tre.Lhui; upon day after day. I ft'.! ba'f a jear or ;.o a.o, roal rtato , a'.! street ilistriol of New ork neut a-bei;-'-"i for tenants niul lamllorJ ue'e ti e j'.oo::i ,'euterr of creation. A dollar 3 lvt vas a bt.c urioe for rental t.e skysora'er orv-e building', ami in. fi.votior.a "v fioo.l loo:vlil;os and ultratlne $1.50 foot as the top-notch r :re. A Kit row! luu wl.v anticipate? Y.-: c-n'.i!'t s;et a siuiare foot of reutuij r.ior in one of those bui,imss inuiij; jo voa ceeun't b in a hurrv. Colonel T. Coleman .lul'out nearly put b-:se'.f out of business puttitis up th tf- rou'.tab'.e Life H.uMiu;. at JJO Kroail-iv. Kroail-iv. It is no ptkit'.s job to put up a build -ire hlxe that, for it is not much of an essg-pTj'.ion essg-pTj'.ion to say that the cost of so rvamuio'.h I structure is in the neighborhood of $'o.- Willi v.hnm I m'!e 11.0 V",Jr ,,r Las uurfiTKOiiH v clmugns that th'T-. 1r,w f A not one h-ft v.lio li;runJ iu tlx! fr. Vou'ro . . ', ..' " S. v' lyAtyrrVOS A "' Ar8"'1,",'-S -"t "f, -r th I''14"" ,)':':'" l v . ,i u ; . i yvl'li' J-fc'iZ j It was ,t:lied an.) pat.:l,.:d uutil the fu.nh-t ,.. ,,: . ' j;'; . i: V v-;.V-.i'- i .. took Hi.; dar-e of v-ry iin.-h of the oris'ical t ''' i .v. 1 K': ;'.".',( - f ZTTIL. v fc Ij J i j . I'd not deal v.ith you." , v . v i ... . . ' r-. "Well," was the re;.ly, "kings and cor- !.. - ; x . : ,;,- v ' h"-'-'i j I ' porationit never die; individuals may coin ' 1 V- , ' , V i , tV' : i'l i J-! U 1 U I j and go, but our firm goes ou forever. And . . - . . .c ..... . . J. l1 i.i V he-re's v;here v. e elect to continue to go on." vt. v ' i ' h f ' V - Anil now the matter is in the courts and : . 'i " .i ' ' ' --f yS v-N iV la era are fa'tuning in an effort to find out j . -, v . -( ! !' , , N 'K vI.ether the laniliord or his tenant has th ; ''i! ' ' V' """ ' "i ' ' ''.v. Y 4 f A paramount right to the premises. One thing 5 : N c ' ' - ' - .-i. -. V W Fr I appears to be agreed all around : If the t . .s'-J W.JehK- V . V .' A lease had eipired a year ago and the tenant f. - - v.-'!? i --- .V K. ... I l( !J7irt j bad signilie.l his willingness to remain the , V n V . i.y . -V if- , -i N ;'( ( (KJr" I landlord would undoubtedly have, clot-d an ! . k V' ' V fit A L lf (y"Vi . eye to the chang.'S in the firm's personnel and i , " ,AS; v ' :' .- i ' V " M Hrt y would figuratively hav fallen about its u.-k i k . ;,; . ;. - ' V , px Y0 I vCj . ) s and went tears of joy over its lease -reuev.al V v : l, V K ,i ' : 4 ( r, i-tfft V5 f J(rLA1',i, I announcement. ;' ' v ;, , i . : , . A' V . . 11, Up rU XiT f vNTin TjiY Y') I A c0,"l'a"J has just been formed to bur ' V '-'J '- . .. ' . ' A "Ml ' ' . 1 Lt-.. V lyj-1 Lti-OV I op the old, dilapidated rookeries west of ..-i"'.-- i , H7 ' '' " ' ' ; V-l VX., .-p-Z- I Iiroad-v ay in the Wall street section. Th if. 1 sof ,v, s ' ' ' ' ; 'V- ? A " S J I own-rs, mostly old Knickerbocker families, ft. ?. 'v,' , i . f 1 V ., ' p( ' O 1 have bepn loath to tear down these eyesore 'jvj f - i ' " v'if . ' j ' 1 ' v t ' -- structures, partly b'cause they could cot "T,''f s'i" Ns ' '1 ' . '. :- yi(C,,;'';j?', t p 1 the sense of building at a time when ' f . f v N v ; ; )( , , , . "l t . ' fi s .. ' J ''' fffTU ?j)LJ " I rents were low and tenants scarce and partly ! sV v't '. , . ' t r : '. . . (rVfc'jiAJyrSfj f ' a!f-o because they had kept hoping against '. 1!. ; ! -'ff KN v s - " V' - i V Vuui f" hope thatvthe Broadway spirit would waft ..." "'v'i, j, ' I j ,l j ': " ! . t?Jm Ulll I . itself across Trinity Cemetery into the j -, Ns,t , V ' ', 'wi Trinity place, Greenwich ptreet and Weft , .-. ,v ' ' .'.l f . V ( . ' A .. , .1 I ."!.. ; ... . etreet section and make building there worth : V tMiN ' ', '.V. klAM4Lr L-J L whi,e- That spirit now seems to have beea -, ' ;. k . !'' J"' TENANl s awakened. Hence tbe new company. .r"" l : refill S8lllf4.li i ' Hi r c . n n ri hX - js - ; i :. -i',r. , -j Q D P 4l I4S h ijRWSi" - i !. J:? v - :. w odd ntiium m-33iml- f;iw: "V; ' : ' d 'ri H -iiir.'- L; - ' . -'V Lj .... J rfSft ufe - sT-fe t :rV:r:. Wall 8tre. ,- HSWl ' l v V 1 " 5' . ? e ; i i --'-' - -' i ,;; r;- :. f u ! . ; ; ' I ' J ' 1 '" ' 1 i:-. :; :: i i ' "J- 'J5?:5-- f , ? 1 "i t? I s?Itev L ill vj M-S s s 2 a a ?3s f : li I Ik t : -! - - i; H ? i 5 14' - 1 li? i A v-J- ,' J e5- ' 1 The Equitable building, which proved a gold mine after having stood In the loss column for some time 4.1 In New York's financial district , Vfi.'r). And even a rich man doesn't ti.--- that 5'im about or keep it where h ta; c.-aw it forth at a moment's notice. l"!uai:T, when big buildings are in the c..-!e of erection, a long waiting list of taints may b- e.TpcteJ. But in the case f tie Equitable there was no such long . : En aid, when it stood completed and ready for wj7.an.-T. it remained a long time vir-t-3''v tenantle.s and diurnal as a vault. Tiec suddenly, over night, something oc- r:-el which put a new-born fervor iuto C.:or.l dul'ont's heart. The demand for room in all the cities, particularly on ti? Atlantic seaboard, grew to tremendous Proportions. War corporations Deeded desk room for their clerical regiments. And new b;iMmg was at a dead stop. With an otra heavy thwack this sudden demand struck supply in New Tork, and rents bga to take the elevators marked going up! Tenants were now as much a "drug on the market" as houses had been before. Anybody Any-body could be a tenant; but to be a house, Pnd particularly a house in the Wall street EPCtion ah. that was something different. Go to a landlord now with an offer of So or $6 a foot for office room and. if he accepts vou at all, it will only be after the most heart-breaking, inquisitional "third degree" you ever submitted to. Bankers of the highest standing, forced to move, cannot get into a new office unless they can furnish the landlord with so clean a bill of moral and financial health that heaven would be glad to admit them on the one hand and the Bank of England on the other. Broadway. This firm had been doing business at that address for many years and several mouths ago, when the lease was approaching its termination, notice was given to the landlord that, in accordance with its terms, the tenant ten-ant desired a renewal on the stipulated terms. "Never!" shrieked the laudlord. "Why, what's the trouble?" asked the hend of the banking firm. "Trouble?" retorted the landlord. "I don't know you. You're not the man nor men All through the district there is a feTeriA land boom in evidence, which reminds ona of Frisco or Leadville days. Old-fashioned fronts of buildings are being removed to make place for more imposing facades. Too can charge more for a facade than a front. The interior, except for an added elevator, remains virtually the same as before. Which goes to show that when everybody else lost interest in the art of camouflage, it wai left for the canny landlord to discover new and profitable use for it. The Enuitablc Life Building is now one of the busiest hives of industry on the face of the earth. It has a population of 18,000, and its daily traffic is 230.000. That is the number of persons who daily visit the 18,000 tenants. As for those who pass through the buildings, arcades from Broadway to Nassau street and Pine to Cedar, their name is legion. An unusual instance of how landlords regard tenants is furnished in the case of the big banking firm of J. S. Bache, 43 |