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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!