Density and Intervention - Global Urban Development

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Table 3.2 Financial Institutions and Insurance CompaniesEndorsing the 1916 New York Zoning LawAstor Trust CompanyBank for Savings in the City of New YorkBankers Trust CompanyBowery Savings BankCitizens' Savings BankColumbia Trust CompanyCommonwealth Insurance Company of New YorkCommonwealth Savings BankDime Savings Bank of WilliamsburghDry Dock Savings InstitutionEast Brooklyn Savings BankEmigrants' Industrial Savings BankEquitable Life Assurance Society of the United StatesExcelsior Savings BankFidelity Trust ConipanyFranklin Savings BankFranklin Trust CompanyGerman Savings Bank of BrooklynCermania Fire Insurance CompanyGermania Savings BankGlobe & Rutgers Fire Insurance CompanyGreater New York Savings BankGuaranty Trust Company of New YorkHarlem Savings BankHome Insurance CompanyHome Life Insurance CompanyHudson Trust CompanyImperial Assurance CompanyIrving Savings InstitutionItalian Savings Bank|amaica Savings BankLawyers Mortgage CompanyLawyers Title & Trust CompanyLiverpool and London and Globe Insurance CompanyLong Island City Savings BankManhattan Life Insurance CompanyMetropolitan Life Insurance CompanyMutual Life Insurance Company of New YorkNew York Life Insurance CompanyNew York Savings BankNew York Title Insurance CompanyNorth British & Mercantile Insurance CompanyNorth River Insurance CompanyPeople's Trust CompanyPostal Life Insurance CompanyRoyal Insurance CompanySouth Brooklyn Savings InstitutionSumner Savings Bank54
DENSITY AND INTERVENTION: NEW YORK'S PLANNING TRADITIONSTable 3.2 (continued)Title Guarantee and Trust CompanyTransatlantic Trust CompanyUnion Square Savings BankUnited States Mortgage & Trust CompanyWest Side Savings BankWilliamsburgh Savings BankSource: Final Report of the Commissron on Building Districts and Restrictions, pp.7 5-7 6.Construction of the new Equitable Building had demonstrated thedifficulty with private methods of control. When the old nine-storybuilding burned to the ground and plans were announced in 1913 fora massive new forty-story, 1.4 million square foot structure coveringan entire city block that would "steal" light, views, and tenants frommany surrounding builditrBS, neighboring property owners organizedto stop its construction through private negotiations with the property'sowner, but failed in their efforts. After the new building wascompleted, Lawson Purdy, president of the New York City Departmentof Taxes and Assessments, testified that "the owners of practicallyall the property surrounding it have asked for and obtained areduction of the assessed value of their property on proof of loss ofrents due to limitations of light and aur and other advantages theyenjoyed when the Equitable Building was only nine stories high.ttrrMany of the institutions that were concerned with long-term realestate market stability were eager to impose the new regulations bythe middle of the decade. Large lenders such as the Metropolitan LifeInsurance Comp lfly, the New York Life Insurance Comp afry, and theLawyers Mortgage Comp any-a pillar of the New York establishmentwhose president, Richard Hurd, had written the widely admir ed Principlesof City Land Values (1903)-supported the building height andbulk regulations (see Table 3.2l.Even the Equitable Life AssuranceSociety, despite or perhaps because of the dispute over its new headquarters,endorsed the proposed zoning resolution. Walter Stabler, thecontroller of the Metropolitan Life Insurance Comp arry and a memberof the Commission on Building Districts and Restrictions, activelyencouraged the efforts of the Fifth Avenue Association. Stabler wassuch a strong advoc ate for height, bulk, and use restrictions that EdwardBassett, who chaired both the 1913 and 1916 New York zoningcommissions and was considered by many to be the leading Americanzoning expert, dedicated his 1936 book on zoning to Walter Stabler(along with Lawson Purdy and Frederic Pratt). Property, casualty, and55
Page 2 and 3: THE LANDSCAPEOF MODERNITYEssays on
Page 4 and 5: ContentsAcknowledgmentsNotes on Con
Page 6 and 7: Density and Intenventron,New York's
Page 8 and 9: PLANNING FOR NEW YORK CITYactive pu
Page 10 and 11: Table 3.1 rall Buildings in America
Page 12 and 13: PLANNING FOR NEW YORK CITYthrough z
Page 17 and 18: DENSITY AND INTERVENTION: NEW YORK'
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Density and Intervention - Global Urban Development

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