DailyTimeCapsule brief
December 16, 1933
On December 16, 1933, significant real estate transactions took place in New York City, led by Louis Adler, who acquired properties valued at $27,000,000. These included a prime corner on 7th Avenue and adjacent properties from the Trinity Church Corporation, showcasing the city's economic resilience amidst the Great Depression. Meanwhile, political tensions were highlighted by Mrs. Rheta Childe Dorr's warning that recognition of Soviet Russia would not stop the spread of communist propaganda, echoing concerns among conservative factions about the implications of diplomatic relations with regimes opposed to American values. Additionally, a pension decision for former Magistrate McQuade was postponed, pending further review by the LaGuardia administration, illustrating ongoing political maneuvering in local governance.
Key developments
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On December 16, 1933, Louis Adler Boys purchased the northwest corner of W 39th Street and 7th Avenue and leased the southwest corner from Trinity Church Corporation. The total value of these property deals reached $27,000,000. These transactions highlight a significant moment in New York's real estate market during the Great Depression.
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On December 16, 1933, Mrs. Rheta Childe Dorr expressed concerns that U.S. recognition of the Soviet Union would not prevent the spread of communist propaganda in America. She argued that the ambassadors involved were merely 'window dressing' and that their roles did not mitigate the dangers of Red influence. Dorr's remarks were made during a meeting with the Women Republicans, emphasizing her apprehensions about diplomatic relations with Soviet Russia.
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M'QUADE PENSION PUT OFF BY BOARD; Action Is Left to LaGuardia Administration on Plea of Former Magistrate. APPEAL TO BE SPEEDED Riegelman and Finch Confer on Prompt Hearing of Appeal From Collins Ruling.
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