New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-02-03
Rents in the Mctropolis-Enornrous Ad.
vnnccs for the Coming Year.

The advance in Rents, although not at all
surprising TO one familiar with the laws by which they
are controlled is nevertheless The Of bitter
plant among a great many excellent persons wLo
already eIpend annually all they afford for the pur
pose of securing IA domioil and being notified by
Landlords Of the prices at winch tie houses they
cupy are held for the ensuing yeaE The population Of
New.yCrk increased very materially during The past
twelve months. but corresponding increase in the
number Of houses did not take place because Of The i'd
yanced price OF labor and materials Profits recently
have been enormous; Wages also high, though rot
correspondingly so-for had they been higher Profits
would have been less-and Rents are advancing AZ a
pace which promises 10 0uis;rp both the others That
this state Of affairs by any Possibility ong continue
no one believes and Landlords only obey Their instincts
when they insist getting all they can while they can
We give instance or two Of the advances tlat have
been made recently. Offices that rented lost yeas for
g. 900 now command 5000; dwellings that during the
same period realized from 500 to go Ia their
ors now held at 900 to e. 0o1 ana the Landlords
haye no difficulty in securing tenants While Fronts
continue az their present rate there VIII De no remedy
for this state OF affairs and until reaction takes place
the wailings of tenants will have no avail Another
instance has been 10 notice which illustrates
this tendency still ioIcibly. dry goods hrn
that rented store for the year about closing Tor elJ
600 were recently waited upon by the owner Of the
house 10 learn whether II was Their intention 70 remain
They expressed desire stil 10 retain the bn'ldIng u
the terms were made agreeable, and were informed
that $40 600 per annul for thrce-Yeafs lease would
be deemed a fair and reasonable price. They became
Indignant, raved fumed. outraged each others ears
with tie most violent eIpletiyes, and determined %
eeek another location. While thus engaged, the Land
lord rented the building thcy occupied for term OF
three years at $4,000 per annum Their case was
becoming daily ana more desperate, and finally,
after uess search they purchased The lease OF iAe
new parties for a bonus OF $1,000
1t viii lc readily that Profits must be large TO
enable dealers 10 pay such sums for business
houses and IL will also be that the sum 10 be dis
tributed in Wages must be small while Profits and
Rents great. The laws That control these are as
Fixed and absolute those which govern Light and
isla,on which win discrcetly tend TO cqualize these
three things. else through financial CONFUSION,
which VIII only be remembered by the ruin II wrought
and a lesson 10 show how much the laws Of political
economy have been outraged.
The wailings Of tenants are useless. Landlords may
listen If they choose but they make the terms at last
The game is now entirely IN their own hands, and
knowing tins. they are memorable. We do not com
plain OF IL; only state tie fact and u would be pre-
cisely the If the parties reversed and those
who 80 bitterly lament were made the owners Of
honses ii is the result Of an iTreiragibe law and the
conditions must be changed before the matter con be
rcmedied.
The immediate effect however. will be 10 drive
numerous families ont OF town for the sake II pro.
curing homes but after all the effect Of the Law
have named viii follow them there. What they may
save in Rent will De consumed In fares; and the final
closing OF the Will only have been postponed
not avoided. The remedy may be applied at time
well as another; but If this Is not done al all. the
disease as before intimated. will cure itself