While the plot was so small as to afford very little to it in the way of
actual floor space the Macy management felt that it was so essential to
the appearance of the store that it agreed to come to Dr. Pell's
price--and so cabled him; in Spain. Word came back that he was about to
embark for New York and that he would take up the entire matter
immediately upon his arrival.
A few years before the Macy organization planned to be the initial
department-store to move uptown, Henry Siegel, a Chicago merchant, who
had achieved a somewhat spectacular and ephemeral success in that city,
decided upon the invasion of New York. He came to Manhattan and in Sixth
Avenue, midway between Fourteenth and Twenty-third Streets, erected a
store which for a time duplicated the success of its Chicago
predecessor. The proposed move of the Macy store apparently filled him
with consternation. With a good deal of prophetic vision he foresaw that
other Sixth Avenue stores would go uptown in its wake. His own
investment in that street was too great and too recent to be
jeopardized.
Siegel hit upon the idea of stepping into the old site and building at
Fourteenth Street and Sixth Avenue as soon as the Macy organization
should vacate. But to desire that valuable location and to secure it
were two vastly different things. The Strauses were not asleep to the
possibility of some one attempting such a move. It would not be the
first time in merchandising history. They arranged carefully therefore
that their old corner at Fourteenth Street and Sixth Avenue should
remain entirely empty for two years after they had moved out from it.
The moral and educational effect of such a hiatus was not to be
underestimated.
In the meantime the Chicago man was busy on his own behalf. Through his
realty agents he had quickly discovered Dr. Duane Pell's ownership of
the corner point of the new Macy plot. He also found that the dominie
was already on his return to the United States. He entrusted to a
faithful representative the task of meeting him at the steamer-pier. The
agent was there, bright and early, to meet the boat, and within a
half-hour of its docking Siegel had acquired the north-west corner of
Broadway and Thirty-fourth Street.
Public-domain text, read in full here on John Shaqi.
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