Business: Downtown

¶ Colonel Jacob Ruppert, prizefight loving bachelor, owner of Manhattan's most victorious ball club, the New York Yankees, did not in the beginning of the Depression have the big, profitable, post-Prohibition brewing business that he has today. Yet he made a bold decision. He announced that he would back his faith in Manhattan real estate by buying any properties that appealed to him. Last week the Colonel bought the 23-story Hoagland Building on Madison Avenue at 40th Street, and Manhattan did not accuse him of being late in fulfilling his promise. Rather, Manhattan...

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