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Robber Baron Wire

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In 1892 moneyman J. P. Morgan decided to finance—at a cost of $500,000—and donate Manhattan's Church Missions House, what an October 1892 edition of The San Francisco Call dubbed "the finest church mission-house in the world." The six-story Flemish-Renaissance-style structure is now on the market, for the first time in 51 years, for $50M, quite a few paces ahead of the $913,000 it went for in 1963. A realty marketing guy told the Journal: "It would be the ideal location for a tech or media company's flagship headquarters." [WSJ]