Music: New Metropolitan
Railroad stock transactions (see p. 25) did not deter Otto Hermann Kahn; nor did cancer studies (TIME, Feb. 14) deter Robert Fulton Cutting. Mr. Cutting is chairman of the Metropolitan Opera & Real Estate Co.; Mr. Kahn chairman of the Metropolitan Opera Company. Their directorates met last week. Said Mr. Cutting's directorate: We will build you a new theatre on West 57th street, Manhattan, to hold 5,000 people, to have 32 parterre boxes. Stockholders must pay $145,000 to own a 1/32 interest in the property and to use boxes twice a week. "Agreed," said Mr. Kahn's directorate. The new Metropolitan will be completed by 1929.
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