GC: You will have before you the body and the enquiring
mind of [
1278], ... St., ..., N.Y., and her business
associations and relations - including property at 15 and 16
Chatham Square and 44 Division St., New York City, and the
connections of the following individuals: J. W. Haulenbeck,
Interborough Rapid Transit Co., Chatham Cloak & Suit Co., and
B. Shaw. You will answer questions.
EC: We have the body, the enquiring mind, [
1278]. Also
those conditions regarding individuals and individuals'
associations. Ready for questions.
(Q) Will J. W. Haulenbeck, owner, consider leasing property
at 15 and 16 Chatham Square?
(A) Will consider leasing.
(Q) If so, how much rent should [
1278] pay? and how long a
lease should she take?
(A) This locality, this location, has its own rates, and
must be met. The lease should be at least for three to five
years.
(Q) Would it be profitable for [
1278] to buy this property?
If so, for how much?
(A) The property would be a good buy for ANYONE. As to the
price, this would depend upon to what purpose, or to the
changing conditions as will make for the increased valuation
in this particular location.
(Q) Has Haulenbeck any prospective buyers? and what price
has been offered?
(A) Tentatively, there has been prospective buyers - not
concrete or positive, as we find, as yet. At a nominal
figure, has been asked, or offered - but these have been
refused, as yet. These carry, as said, for themselves - in
this particular position - the prices.
(Q) What price has been asked?
(A) This has been sufficient!
(Q) Should [
1278] open the transaction by visiting owner or
rather wait until he approaches her?
(A) There may be made KNOWN that this may be considered BY
[
1278] but would be better for the approach to be from
Haulenbeck.
(Q) Suggest how to go about it; that is, making it known.
(A) By word of mouth, suggestions, send word - anyone!
These travel fast enough!
(Q) What developments, if any, will be made to improve this
neighborhood, and when?
(A) That, as referred to, will depend upon many varying
conditions, some having to do with political and other
outlooks. As WE find, it would be within two or two and a
half years.
(Q) Would it be more profitable to buy or lease?
(A) More PROFITABLE to BUY, though lease can be made in such
a way and manner that would PREVENT some developments, and
then FORCING the body so leasing either to re-lease or to
purchase at higher figure - which WOULD, then, prevent the
SUCCESS as may be made by purchase outright.
(Q) Should [
1278] renew lease with Chatham Cloak & Suit Co?
and for how long?
(A) Will renew lease, or should renew lease - but do not
make it for too LONG a period.
(Q) For what reason?
(A) For the CHANGES as will be made in this particular
region.
(Q) How long before Interborough Rapid Transit Co. will use
adjoining property and for what purpose, if any?
(A) We do not find this being USED by Interborough, though
there has been - and is - still some speculation in this
direction, but this will depend upon some OTHER developments.
Will this be USED, it will be within the five year period.
(Q) Will it enhance or decrease the value of adjoining
property?
(A) Increase the valuation.
(Q) If business cannot be transacted favorably with
Haulenbeck, would it be advisable to resume business at
corner property leased from Interborough Rapid Transit Co?
and what business is suggested?
(A) This would entail MUCH consideration, but the change
would be worth while, and may be made profitable, either in
the suit or in the shoe business.
(Q) Will B. Shaw, tenant at 44 Division St. renew lease when
present lease expires?
(A) Will renew lease, under the EXISTENT conditions.
Whether these are to be changed or not, is not seen at
present.
(Q) Is he finding it profitable enough to pay increase in
rental?
(A) Not at present.
(Q) If business is transacted with Haulenbeck, will it be
profitable?
(A) Be profitable.
(Q) Any other advice to insure the income of [
1278]?
(A) These suggestions - in the change, the lease or
purchase, and in renewal, and in the other changes - should
keep, should even enhance, the income - [
1278]. We are
through for the present.
Copy to Self
Copy to Ass'n office
Copy to Datastician
Copy to Mrs. [1192]
BACKGROUND
See
1278-2, a Check Physical Reading.
REPORTS
7/14/30 See
1278-4, a Ck. Physical.



Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation