The terminus of the Whitestone line was at "Whitestone Landing" (154th Street), a popular summer resort area during the late-19th century and early-20th century. William Ziegler, a self-made industrialist and president of the Royal Baking Powder Company bought all these parcels in or about 1883 and his holdings became known as the "Ziegler Tract". Ziegler died on May 24, 1905, leaving his wife, Electa Matilda Ziegler (a philanthropist for the blind, among other things) and son, William, Jr., then 14 years of age. William S. Champ (Ziegler's former secretary) and W.C. Demarest (Mrs. Ziegler's nephew) (both to become among the first families residing in Malba) formed a Realty Trust to purchase the Ziegler tract from his estate for development purposes. Champ was vice president of the Realty Trust, and also one of the executors of Ziegler's estate. The Ziegler Tract had been appraised for $100,000 shortly after Ziegler's death. In the spring of 1906, the Realty Trust secured over 100 investors from New Haven, Guilford, Bridgeport, and other Connecticut towns, to the planned purchase of the Ziegler Tract. Based on a review of early maps of the area, the developers, at one point, planned a very densely populated community; with homes on lots no bigger than wide. Obviously, this plan was modified and much larger properties were developed. The trust represented to the investors that the property could be purchased from the Ziegler estate for $640,000. In fact, the which ultimately became Malba, had been earlier purchased from the Ziegler estate for $350,000. Thereafter such Connecticut residents as Samuel R. Avis, Noble P. Bishop, George W. Lewis, David R. Alling and George Maycock were elected trustees (altogether these were the five names that combined to form the MALBA name) of the Malba Land Company. The true, lesser, amount paid to Ziegler's estate was not uncovered until 1912. (For a complete discussion of the Realty Trust's acquisition of the land and its subsequent defense of a lawsuit from the Malba Land Company, see Crowe v. Malba Land Co., 135 N.Y.S. 454, 76 Misc. 676 (Sup. Ct. Queens Co. 1912)).