The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-07
NEW BUILDINGS.

creased Value of Real Estate-fhe Suiue OIL
Buildings in Course Of Rrection-Teu csAent
Houses and Precautions Against Fire-Iust
Years WorI-Oficiai Statement on the
"Heraid, Baiiding-Sew MansiOns-Ware-
houses, stores, Factories. -rra r..t
In order form proper estimate of the progress OF
any country need but watch the growth and extern
sion Of Its cities aud IT. following this rule. New York be
taken a criterion, there be no doubt whatever
entertained OF the nourshng condition OF the United
States and Of the rapid strides has made in the direc
ton OF developing its resources increasing popla-
ton and adding daily the number the beauty OF
is public and private buildings Young is the
country II be safely said that there other
the world whore there many large and fine houses
proportion TO the number Of Inhabitants as IN these
United States aud IN no part Of the States large
number - in New York. The stranger, ay, even tho
RESIDENT who takes tour through the city. cannot
fail 70 express surprise the numbsr Of magnificent
dwellings, colossal sorehouses aad splendid churches
and other such buildings that being erected in all
directions telling him unerrngy OF the wealth
and enterprise OF citizens, and promising
also that the day not far distant when like the tide
commanded by the Great Being 10 60 far and no
farther further extension BY OF new building
viii be stopped and island of Manhattan, from The
Battery 10 the borders of weschester county and from
the Hudson 70 the East river will be almost solid
institutions OF beauty sodiy and finish unsurpassed
BY those Of any other city the world and where
stood the oak OF the forest in all its stately grandeur
and where the red relgned supreme,
with all his bsrbarous and uncivl!zed customs, the
palaces Of the white man now cover this ground-ev-
dences Of the progress Of civilization and monuments to
remind US OF the extinc ion Of the Indian race,
IMPROVEMENTS WITHIN PAST YEARS.
within the past eve years bu ding has been carried
With more enterprise and animation than previously,
and each later year shows Improvement Its prede
oessor and though the repeated strikes of mechanics
have had the effect Of depressing branches of industry TO
a certain degree il has had Percephbe effect the
building trade, except in the erection of houses for the
middle classes. The workmen receiving twice
much remuneration before the war; but this in.
crease does not deter rich capitalists from erecting
their mansions and warehouses. while it undoubt.
ed1y affects the man of moderate means who,
unable to prt up cheap residence for himself
and family is forced to resort 70 the house agent,
who of course, taking advantage Of the of do
mand over supply, asks large figure, and hence the
high rents. 1t is the same down to the tenement
house, where the builder having laid out arae
amount the building has to charge high rates for his
in order sufficient profit interest
the outlay. Yet would imagine, from the numb'r
Of all kinds Of buildings erected within the last few
years. rents would be lower than they This is
many respects . mistake; for the population is in
crsasing wonderfully each year. In the back streets
down town. warehouses aud take the place of
slightly residences and tenement houses thus 1t is there
fore, that with all the enterprise shown 10 baidng the
demand is yet much greater than the supply In 1882
$50 structures Of all kinds were but in lse3 1247 in
1884, 49, in 1896, 1l9o; in 1885, 1870 and for this
year 1t is estimated the figures will fall far short OF
1900 Besides the erection OF new buildings a large
business 10 done in the enlargement Of old ones In
1892 l55 buildings enlarged built upon; in 1862
eo3 In 1854, 346; in 1885, $751; 1880. ESQ., and, up
sne present date. this year, about 500.
EsTArE,
u would be imauned, must be deprecated by the
Increase Of buildings but curious illustration that the
contrary is the fact in certain sections Of city,
especially the sdo found in the neghborhood OF
Fory-eighth street and Lexington At Corpo.
sao there twenty ago lots sold at $500
each Seven years after the lots were resold a.
chaser realized 81, 500 each. To-day they are held at
$4,000 In 1882 two lots Fifth avenue, corner OF
street. sold for 5000 and $500 respect
ivey In 1855 both lots sold for $275oo and tn
year gentleman paid $65 900 for thsm Lots Eighth
avenue fronting the Park, which were sold at from
500 TO $500 each nftcen years ago. held at
from 5000 SIS, ooo and many other lots in that
nsighborhood have been elevated in like ratio.
VALUE BUILDINGS.
At the present moment the amount OF money
poyed In tho construction OF buildings Is estimated
10 be very close twelve millions OF dollars and
period the history Of New York has the average value
Of those buildings been great Is now. Hundreds OF
stores ranging In cost from thirty thousand dollars
two three hundred thousand dollars going up in
different parts OF the city Some U chem nrcprool
shrou dait hav irop hrnv
stone fronts The Fifth ward Is especially noticeable for
this class OF buildings there being less than about
White street. Walker street. West street. Broadway aad
other In that vicinity Some or these are
douoe buildings Church street. especially, will. in the
OF short tme BE- built to Canal street with
substantial and beautiful warehouses
The private dwellings OF equal importance rs re-
CARDS ther value. Thirty years ago but very few city
residences thousand dollars there
long and solid blocks OF mansions which valued
a. five and ten times the amount In the Ninth and
wards aono there are at the present moment
10 course OF erection no fewer than sixty brick and
brown stone private dwellings, not one OF which VIII
some Of them will entail an outlay OF over forty thou
sand dollars
Is said by many that the facility with which high
obtained the fashionable portions of the city
the winds all those associations aud memories
which make home" dear. 10 fact that men OF large
fortunes 70 whom few thousand dollars literally
nothing 40 willingly break up house and adjourn 10
hotel to live when made such offers being made
OF from eight hundred TO twelve hundred dollars
per month for their FURNISHED residences and many
Of tnem should they make prodiabe bargain, would
dispose Of II a. readily and willingly would the linen
draper yard OF linen the grocer pound or tea and
yet there may be associations connected with their
dwelling the memories OF which only make
house home or can properly express the real mean:
ting OF that simple, though peculiar word valued
friend aged parent may have departed from within
in walls the long journey OF eternity Marriages
may have been celebrated and dear children born and
rared herc and yet with all those ties and reeoecons
which should render revered relic Of the past the
'od house" with It's memories aud associations, IL
eachced TO profit aud gain and few dollars deemed
compensstion Tor this mpets celebration OF the
nory OF other days. In olden Tunes the longer the
house was Inhabited by tho family and their ancestors
the dearer became IN the eyes Of their des endant
Who, IN many instances were refuse allowing
the slightest change 10 be made Hawthorne, IN his
bDos, 'Our English Home" mentions an old house
where Pope translated krest deal Of HIS Homer six
hnndred years after was built. and almost entirely
during that PERIOD In the possession OF members OF
tho family, who alta he'd TO "
that they would not tolerate any change,