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Our operations on One Hundred and Twenty-fifth Street were not confined to that block alone. We had also purchased various plots between Fifth and Sixth avenues and, with a friend, I had collected a plot of eight lots between Lexington and Fourth avenues. This made Oscar Hammerstein one of my customers.
One day the optimistic Oscar came into my office with his serious, flat-footed walk, his French silk hat on his head, and his eternal cigar between his fingers. He had just completed the Harlem Opera House on West One Hundred and Twenty-fifth Street, and he told me that, for his success there, it was essential to have also a theatre on the East Side, and he negotiated for the eight lots that we had collected on One Hundred and Twenty-fifth Street near Park Avenue. We spent several hours arranging the details of the lease of our property, with privilege to buy, which was what he wanted. He argued me into giving it to him on a 4 per cent. basis while the building was being constructed. When he was all through, I said: