Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-09-10
ERox OUR NEw YORK CORRESPONDENT

many doubt overestmated still the aggregate
amount of wealth was enormous. Great, however, as
was then the amount of individual fortunes which this
publication exhibited it hss been vastly increased since
that time. Az general thing land the few exceptions
would make the ruls all the mentioned in thatwork
sayegreay since then besides hun
dreds fothers then unknown to fame mean New York
fame that is say eay have since forward, and
are now entitled enrolled in this golden list The force
of circumstances without any tact, talent or exerton
their part have doubled trebled, quadrupled the
wealth of many of those persons within the last six or
eight years The advance Of real estate not only in
the improved portion of the city, the outlying vacant
lots four FIVE, and six miles from the city almost
equal advance all country property within thirty forty
and fifty miles of the city, and particularly at the neigh
boring and villages within few miles Of the city,
in all of which districts New Workers largely inter-
ested, has been item of increase cannot
the recoec the valuation of the real estate in
the corporate limits of this city, but think it exceeds
$500 000 900 the ta1aJe rate which is much below
the real value rise Of only ten per cent this value
is addition Of 900 to the fortune of the
but instead of ten it has probably average advanced
thirty forty per within the last five years. being
increase of than $l00 900 to the individual
fortunes Besides this stocks of all kinds which
held here by Of millions of dollars, have greatly in
creased in value; and then when gets large for
tune, the regular increase from the annual income
rolls it up in q few years like SNOWFALL.
From the above sources and from the profits of fnan
cal operations in stocks and loans from the immense
business operations the city from their steam and sailing
tonnage of their mercantile marine from their manufac
lures and from the thousand and other of
gain there is doubt that the addition to the wealth
and of this city during only the last five years
may be counted by hundreds Of millions.
am perfectly astonshed at the rate of rents in this
city. In some locations they truly enormous, and
every where really exorbtant compared with most
other cities. know single basement Wall street,
to reach which you must descend five six steps from the
footway, with low ten-foot ceiling, and the not
than thirty by twenty feet which rents for $4,000
per annum. lot twenty-five feet by seventy fve, as
high up broadway as the Of Fulton street. was
recently leased for tweny-one years at 14 500 per
num- the end Of which time the ground landlord is
besides to have the building which now being erected
on it, and which viii cost $50, 900. building Broad
way, immediately adjoining Trinity churchyard, forty
feet front and two hundred Deep opening side alley
and up into corridors and Offices brings aggregate
rent of S60,000 per annum and gentleman who has
built himself splendid dwelling high up in Broadway
the neghborhood Of Union Square, at least two miles
above the City Hail. says he plainly that he must be
driven away in few years the encroachment hotels
stores and shops and told me he daready been offered
rent of $40 900 per for his house. From what
make your denizens stare.
The citizens Of New York at length to be getting
their ewes open to the injurious effects Of the constant
encroachment by wharves and buheads upon the chan
mel of the East river The evil committed already very
great and the future commerce Of New York Will be
greatly and injured by previous neglect
on this subject There is only plan now to adopted
in order to save that river useful channel for com
merce which is to extend q stone quay pier in as
abano 4hon ttary
10 Corlear's Hook which should be the permanent ne
MY own opinion would be to have it in unbroken
'front.' built OF thickness Of eighteen to twenty feet Of
solid masonry Of hewn stone, which could be done the
solid bottom Of the river besw the loose mud by means
of Golfer dams and every thing behind it, including the
present slips and DOCKS to be filed up to the present
level Of the wharves IT. however, it thought more
advisable retain Of tho present slips, let it be
DONE with the understanding that they shall all be faced
with substantial work from the bottom One uni
form front however the whole quay would, think,
by laying the vessels along it three tier Deep accommo
date more tonnage than the with the wharves
and slips.
In visit some years since at New Orleans noted that
all the immense tonnage is thus accommodated
in loading and unloading which they manage with great
convenience by erecting broad stage in for the
use Of all the vessels the tier, which is seldom less
than four frequctty ye and sometimes six vessels,
outside the other.
On the Hudson river there is and verge enough
that broad stream for the convenient accommodation
OF double treble the present Of the city un
der proper arrangements 1t also ought however, to
have permanent stone quay along its whole 'front.' or
what would befar BETTER and for which there is ample
space, immense DOCKS they have in Liverpool,
each capable holding three hundred large vessels
and surrounded by the necdul warehouses To this they
must come at last and have doubt the present
GRAFTON will commence and the complete series
Of such docks along the Hudson front Of city and
unless something is speedily done to check the encroach
ments the East river, shall be surprised to see
the great commercial front Of tho city removed to the
Hudson. IL the movement commences in good ear
nest the East river proprieors viii find to their cost that
it cannot be checked
In q former letter mentioned that the great facilities
Of ooonoon and other would operate against the
growth Of this city, IL gave such advantages for par
ties who preferred economy and purer atmosphere to
settle down on the line Of the various railroads or on the
borders Of the New York waters the opposite shores
Of Long Island and New Jersey.
One fact might have stated In corroboration OF this
view, which is that the ship-yards Of New York
being transferred TO Williamsburg and in few years all