Show NEW N YORI MAY LOSE OS TIff TE LIBRARY NEW YORK No Nov Nor Because G. Because the tho widow of tho the late lato Charles T. T Yerkes refused refused re re- re fused to pay 1 interest on a n mortgage mort mart gage e. e the city ity of New York will lose tho the library and art gallery adjoining adjoining ad ad- joining tho the Yerkes mansion at Fifth avenue and Eighty eighth street An order providing for the sale of the li library li- li under foreclosure on December 16 was entered yesterday as ns a result o of at proceedings brought ht by t tho o M Mutual Life Insurance company which held the thc mortgage c. c Mr Yerkes provided in his will that tho the library and art gallery allery should b be bt become come municipal property and since ince the tho suit of the Mutual Life was instituted it was generally understood that tho the matter would be bo amicably settled seWed But unless something is is done between now and nd December 16 16 tho the property will be lost to New York as 85 a public tion The value of or the library is is considered consid consid- ered cred to be greatly greath in excess of the tho amount of tho the judgment to be satisfied 24 while 06 while the tho land where the structure i 1 ii situated is is held at about a D. front foot With this as an estimate this property property prop prop- erty is twice as ns valuable as tho tio amount of tho tito jurl judgment ment |