The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-29

,s,d up in FULL sessrdins to Law. portion Of the |
ssptsa Of most ssnks composed Of the notes ef sub
ssribers to the stock and Il the event Of explosion
these notes disappear, prove worthless. The mana
gers Of the two banks above named precious Get
Of souudrss ana 1t Is satisfaction to know that
there 10 chance Of Of them ct least Kettiug
Els deserts Merton the President Of the Bsah
ut Norris, has been arrested and the probability Il
that he will be punished for his misAseAs The de-
velopsments that will be made upon the trial Of this
Merton viii make another chapter in the history Of
bank swinSling We recommend careful perusal ofths
first chapter published to day Thursday gives
insight into the principles Of banking little under
TODD by the public generally.
Holland and Belgium have been seised with quite .
panic against gold The people afraid that the In
nux Of much gold from California win deprecste the
value Of the gold they have in their Golfers and that
fine morning getting out Of bed they may ind
all their golden worth than Jumps Of
lead pewter, from the commonness Of the metal n
California gold is permitted to inundate them. For
this reason the government have passed severe laws
to prevent the nportatiop Of gold from California; and
the people, merchants and Chambers Of Commerce
pstitionipg that those laws may be made still more
severe.
II is matter Of surprise to that capitalists should
Be at loss how to decide the question OF Investments
when experience has fully proved the complete
certainty Of railroad and fancy stock investments;
when, at the time there opportunities for 10
vssting millions in securities that cannot fail to yield
both proht and income Solvent State and govern
nsnt stocks be purchased though perhaps at high
prices still the investment for income is and safe
But who question the safety of investments made
In any portion Of the upper part Of this city, paticu-
sry the line of the two great railroad thoroughares
that have recently been opened uptown Take, for
instance, the terminus of the New Haven and Harlem
roads, en- Fourth avenue, with their branches pene-
trating nearly every town and State In New Ebgsnd,
and extending northeast even into British Provinces
and connecting West with various lines Of railroads
that TO extend TO every Western State ia
the Mississippi river all terminating 81 two
points in the upper part Of the city, and who doubt
but that real estate at those points must double and
triple the present prices within the next Eve years
Aside from the advantages Of those hsrough-
fares the natural growth Of the city In that drect
in view OF the approaching prosperity of this great
country and favored city Is sufficient guaranty that
property the Fourth and Tenth will at its
present low rates, reach price that will yield
large and certain profit to the purchaser and IL in
vested in productive property will in ths meantime,
aford a certain income,
Capitalists learning the Importance Of looking for
safety well income In railroad stocks they may
secure temporary income. but permanent safety.
In real estate investments they OF both II In
vested In productive property particularly in the upper
part Of the city, where In all human probability, pro-
perty continue to increase in value for years to
come In making In real estate the advan
tsge purchasing productive property overlooked In
the place, lot with house erected upon it. and
ready occupation Is worth from Ave TO ten hundred
dollars Tor the amount Of rent for which 1t will let
than the vacant lot equally favoraby located as the
year that will be required to erect the house and
plete it for occupation would be saved by purchasing
the already built and the lot which it stands
will rise value just fast and certain the
cant lot This secret better understood and more
acted upon in other cities than in Why that
the city OF Phadelphs and its districts have erected
nearly double the number of hsuses the past two
that we have why that Boston is far In advance
Of us in the comparative growth Of her city! 1t Is
because the capitalists in both of those cities under
stand the fold advantages Of their money
In productive real estate, better than they do here
The advantage not only In favor Of the capitalist
but promotes the growth of city than all
ether combined which is the duty Of every ca
pitslist particularly II he has acquired his wealth
among u.s. few words will demonstrate this fact in
the cearest light. BY purchasing houses ready built
il affords relief and TO builders and
mechanics generally and enables them to erect other
dwellings, and thereby aids and stimulates class Of
operators that essential to the growth Of
city than any other class Of people among us, while
the capitalist at begins realize income from his
investment of from Ave to per cent and at the
same time his purchase is becoming more valuable by
the increase Of the lot which his house stands at
the rate Of from 10 to 20 per cent per
The custom Of investing money in lots heretofore
practised by eur capitalists has done much more to
tard i'm than Is generally supposed
Their investments having once betn made In vacant
property they course become subj heavy out.
lays for taxes assessments for grading curbins and
paving streets for and countless other iacden-
tai expenses The property being uuproductive they
compelled TO add interest Of purchase money to the
other expenses; the accumulation Of all which be-
come. 40 great after few years that the Is
PEELED to such price TO deter the builder from
chasing frsm the OF losing the lot than
he could from the building when completed. This
is simple statement OF facts that will apply to nine
tenhs Of the real estate transactions In city, and
unless is done to encourage builders, (Which
Include carpenters painters masons, plumbers, mar
bic workers GLACIERS timers and In fact dozen
of the most useful mechanical arts among us) by pur-
chasing their houses In other cities and which We
have shown for the interest Of capitalists than
making investmen In lots II will be long time be-
fore the Of thousands Of rapidly increasing
population who are nov crowded together In masses
for want OF tenements have houses to live In.
The truth is we have not half houses enough 10
supply the great increase Of growing population.
The evidence OF this pslpSbls enough in the srea.
demand for houses and increasing rates Of rents par
In ell the upper portion Of the city which has
now become easy Of access from extended railroads
and omnbus that residences In For.ieh street have
become convenient and accessible for business men
a. Bleecker street formerly. By Investing one
fourth the money in real estate in this city that now
Hnds Its way in worthless railroad aud fancy stocks
the accumulation OF substantial dwellings would not
only in proportion tn The wants Of our grow
ing Population, but the capitalist would have his
money invested in kind Of security that would he
safer and productive than any other investment
could make n his object be future pronts ss well as
pcorae; and ct the time the various mechanics
I'm The erection Of building, would not be