Part IV: Chapter 7: Lake George Assembly to Otyokwa (FDR to Pearl Harbor,1933-1941)
This chapter concerns the transition of 1,000 shares of stock from
four families to two families and from these two families to the two
dozen or so owners of shore front acreage on the tip of Assembly Point
(Lots 2-37 on Myers map). It is the story of defeat in preventing a
paved road encircling 17 acres of today's Otyokwa property, not
insignificantly influenced by the shock of Hitler's September 1939
invasion of Poland. The shock also ended my rich experience with the
art of selling real estate.
The Lake George Assembly assets remaining at the death of Harold
Adamson on February 21, 1933, nine days before Hitler took power and 46
days before FDR became president were 1,000 shares of stock controlling
the following assets: first, a mile of dirt road surrounding an
unspoiled 17 acres of "forever wild" land; five alleys or accesses to
the lake of about 16 feet each, totaling 70 feet of shorefront; 500 feet
of shorefront at the very tip of the point, from which extended a 200
foot steamboat pier to a ramp in the channel between South, Island and
the Point. On this property were a small post office and a country
store which would burn of unknown causes within three years. In
addition to this there was an interesting farm house -- the caretaker's
house -- and a barn on 150 feet of frontage on the old crossroads which
is now Crossover Road.
In order to deal equitably with the stockholders and complete the
task of the Lake George Assembly to liquidate its property I was
encouraged to take an the responsibility by Coolidge Sherman, future
father-in-law of my sister Emily. He suggested I start buying stock
wherever I could from members of the families who owned it. All the
original founders were dead. Coolidge himself had inherited about 250
shares which he said he would sell to me for $4.50 a share. I was to
pay him $10.00 on the first of every month while I was in college and if
I failed to pay him the $10.00 he, as a teacher, would require me to
forfeit all my equity. Needless to say, I was very worried and tried
to raise $10.00 every month but by the time I had finished college
bought other shares of stock f rom other members of the founding
fathers' families, I owed the bank $2500.00.
My mother and sisters and brother were supportive of this effort.
Emily's encouragement came in the form of a joint effort to think about
what we would like for our families in the future.
In 1936, my father's sister, Ethelwyn, who lived in Vancouver
wanted Emily and me to come visit her and said she would partially
subsidize the trip. So Emily and I decided to go West but needed more
money. At- this time my mother had about five houses which, because of
the Depression she couldn't sell but she could rent them. We made a
deal with my mother to paint one of her houses for $250.00 instead of
the $350.00 the contractor wanted. I got out of college in June and
Emily and I began to paint 10-12 hours a day. We finished by the 4th of
July and went to Cambridge, Massachusetts to collect the pay from my
mother who was living there and also to collect the funds that our Aunt
Ethelwyn had deposited in the Harvard bank.
We bought a car from Matt Whinnev for $75.00 -- a Ford with a
rumble seat. My mother, on seeing the car, said it would never make the
several thousand miles to Vancouver and back, so offered us her new
Pontiac. We accepted it, much to the chagrin of my older sister who was
left with the Ford for the summer.
It was the beginning of a great adventure as we started for our
first destination in Wyoming. We made the first 2, 000 miles and met
one of my Andover classmates, Frank Bosler, at noon on a Friday in time
to go to the rodeo in Cheyenne. After the rodeo, Frank drove us to his
mother's ranch outside of Cheyenne. We were cordially welcomed by Mrs.
Bosler and then saw their fabulous ranch house on one of the more modest
Wyoming ranches that took only 180 miles to drive around. Emily fell in
love with the ranch house. That's when she suggested if I were buying
stock, why didn't we think of our futures -- of buying the point if I
could get it with my share of the stock and building a ranch house like
the Bosler's on it. Although we had to give up the idea of building the
log cabin ourselves, we had shown the eventual owners a photograph of
the Bosler house. I'm quite convinced that the log cabin, now owned by
the Stewarts, is a fairly close replica of what Emily and I had in mind.
In order to have the point with the ranch house on it and horses,
it became imperative, Emily and I thought, for the road to go down the
middle. We worked towards this end in cooperation with the other owners
of the land from the isthmus north. After the steamboats stopped
delivering mail and the post office burned down, it was necessary for a
road to be open for mail delivery. We were required to deed to the town
of Queensbury the mile-long looped dirt road with the tacit
understanding that if we ever did put the road down the middle and the
town were to pave it they would return the loop road to property owners.
We still held the five alleys or rights-of-way to the lake for
people building on the back property but since my mother and I
controlled the corporation with her stock and the stock I'd already
purchased, it was a fixed conclusion that we would not sell any of that
property for residential building or camping use. We did decide,
however, to sell it to any shore resident who would buy back to the
center and attach this land to his shorefront deed. The first obstacle
we met in suggesting this to the 20 odd owners of the shorefront
property was how would they be certain we didn't end up building houses
back there and using the five alleys? We decided this was a valid
concern so we approached the property owners on either side of the
alleys and either split them or sold them. Once we had done this we
approached the owners again, offering them the land in back for $200.00
a lot. Thinking this was a sensible and fair arrangement, we
ourselves began to build a tennis court in back of my mother's
property.
Hitler began to emerge and I believe his presence influenced
everybody's belief in the future with fear pervading. Much as we tried
in the summers of 1937 and 1938 to sell the interior property, only one
of the property owners showed any interest in purchasing land for
himself (thereby also increasing his taxes). We felt the property
owners knew they had us over a barrel. Things got very bad but we were
not totally discouraged because we still felt the town of Queensbury
would help out by agreeing to extend the road they had already started
down Burnt Ridge. It was extended already to the isthmus and we thought
they would extend it through the Knox and Harris farmland and down the
center of our land to the point. This would be an incentive for the
landowners to buy in the back and enjoy an extension of their shorefront
resource. Certainly it would prevent the dirt road from being paved
and encouraging cars to speed by so close to their houses.
It was a great disappointment, then, that after a year of believing
that the residents of the three sections of the point wanted the road to
go in back of their houses instead of separating them from the lake, we
found out they did not care where the road went. A meeting in
Rockhurst, at which maybe 80 people attended, surprised everyone by
finding the residents following thoughtless leadership by voting to pave
the shorefront road in the mile strip from the isthmus to Frommels
rather than putting the road back 200 feet from the lake through the
farmland. This unsuspected decision negated the possibility of a
central road through the 17 acres of Lake George Assembly property: the
loop road would remain and eventually be paved.
Still, the Lake George Association property owners refused, for
their own interest to buy property in the back at $200.00 each. After
Hitler's invasion of Poland it became a certainty that none of the
property owners, except Dr. Lucas, was to count enough in the future to
invest even $200.00 in adding real estate to their property, ending the
possibility of my getting $2,500.00 towards help to pay off my loan.
At this juncture, a very fine new resident of the point, Dr.
Gilbert Pasquera, highly placed in the hierarchy of Mt. McGregor
Hospital, showed an awareness of the art of real estate and
leadership. He developed a plan which he then presented to several
other men on the point, unsuspected by me. Instead of $200.00, each
would pay $115.00 and form a corporation very similar to the Lake George
Assembly. It stipulated that each of the 30 odd shares would never go
with the sale of individual shore property, but would be in the name
of the resident of that property until he sold. The property owners
were encouraged and the $3,000.00 for the sale of shares in this company
was enough to buy the land from the Lake George Assembly and for me to
receive a large part of the $2,500.00 I needed to pay the bank.
This new corporation was named "Otyokwa". The name was submitted
by my mother who loved words. She had discovered the Mohawk term which
means "an assembly or gathering of people."
With the decision made for no road down the center of the point and
with the 17 acres inside the loop to become the community center and
possibly used for recreation or just kept forever wild, and the alleys
sold there was only one major asset that had to be dealt with. This was
the point itself. The main problem was the price and one executive of
the insurance company, Mr. Buddy, who had lived on the point, offered us
$5,000.00. But there was a problem. For years, Dr. Sanford and Dr.
Sanford's son-in-law, Mr. Dube, had been using the point for a parking
place and a point of access by boat to the island. This was a serious
problem. If the property was sold, how was he going to get to the
island? Mr. Dube threatened a lawsuit because he felt he had to have
a right of way.
With Dr. Pasquera’s help as a member of the Board of Directors, we
devised a satisfactory plan and offered Dube a right of way of 25 feet
in the back and 75 feet in the front with a clause in the agreement
stating that if the island were ever sold and got out of the Sanford
family this right of way agreement would not be attached to the sale of
the island. This was very wise and foresighted because if, for
instance, the island had gone as was threatened, to General Electric
where they would make summer homes for their management staff, they
could use the parking space. The traffic would have been horrendous!
So having dealt with the potential threat of the parking space at
the end of the point and the agreement that the right of way would not
run with the island should it be sold, we approached Mr. Buddy again to
buy the property. By this time he had lost interest. Whereupon, we
divided it into two areas and took a lot with 100 feet north of the
Lester property, now owned by Mr. Bill Ross and then offered the
remaining part to two very interested persons -- Mr. Pert and Mr.
Yaffee. They agreed to buy the dock, the assets and the point (except
for the 100 feet which was a reserved lot) for $7,500.00 and we
completed the sale of the land. We traded two lots, Lots 10 and 11,
needing a great deal of fill on the bay on the east side, to the Sanford
interest because they had 1/5 of the stock and we took this other lot
which ultimately went to the Caffrey and the Rosses.
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