New-York tribune., 1868-01-17
NEN-JERSEY


The City OF Newark, already standing sixth in import.
ance among the great manufacturing centers OF the
United States from its rapid growth the past its ol-
most unequaed industrial advantages and its vicinity TO
the metropolis, may justly be expected soon TO rival
Brooklyn the value OF its products and TO assume
higher rank than 1t holds The growth Of this city,
and the rapid advance in the value Of real estate there
during the last thirty years, is only equaed IN and
around NewYcrk, while the energy and enterprise
evinced in reeaming tho worthless, swampy, unnhabi
table marshes which formerly surrounded the city Is not
second even TO that which has pushed the business of
Ncw.York from the Battery up town. and increased
the value Of land 200, 200, 500 1000 per cent
The want o; more frequent and direct means
OF communication with the metropolis well
as a reduced rate Of fare has long been felt ii Hund-
reds and thousands OF city merchants business men and
mechanics are seeking cheaper residences and Overrent
In Jersey and hundreds and thousands would fol-
low them the time and expense Of travelling ma
tcray reduced In the OF Newark tins want seems
about be supplied in the construction OF the Newark
aud NewYor Railroad. which Is being RAPIDLY pushed
forward toward completion. BY this road, Newark will
be brought within u miles Of NewYork being 10 per cent
nearer than by the Morris and Essex Road, and II per
than by the NewJersey Road while the new
will be straight and level that passenger trains
may be run nj the highest speed with much greater de-
gree OF safety than he attained either Of the rival
roads 1t is also proposed TO lighter trains, with
greater frequency than is usual the older roads
and TO make a reduction Of about per cent in fares
With the completion Of this line the facilities OF com
munication between NewYOrk and Newark will be equal
If not superior to those enjoyed by any other suburban
city or town; and the city thus receives
a fresh impetus, its real estate must augment
IN value. In the vicinity OF this road, and
within q few minutes walk OF its terminus, and
also OF the Market-st depot is property winch has
been advertised in THE TRIBUNE and which offers great
inducements 10 capitalists who may wish 10 make ten
porary permanent investment. The houses rent at
present at - per the amount asked and
the property is steadily improving IN value.
one Of the Trenton papers seeking solve the problem
OF rents in that city says II company Of generous
and benevolent men would get together who could
mand capital, and build about 100 houses near the
city suitable for dwelling places for mechanics aud rent
them so to pay about 2 per cent the investment
they would be doing II humane act and a great scr
vice 10 the working classes They would really
he regarded public benefactors. There are
hundreds Of people the city who have houses.
and we really know some young folks who would tie the
sken knot OF matrimony between them, II they could
get place 10 put their heads In. Others would leave
the exorbtany rented houses and take moderate
and jump at the chance" Among tho recen transfers
recorded in Trenton that Mr. Peter r. Robinson.
Keeper Of Prison, has purchased the Masonic
Hall in Frout-st for $500.
Rents I'm Elizabeth have advanced since the commence
mcnt Of the year. that tenants are IA many cases
obliged to pay thirty nfy per cent increase on
last years prices have heard ~ scarcity Of houses
TO let that should warrant such advance, although We
think landlords have trouble 90 let their property even
at these greatly increased rates The Union County Herald
does believe 1t possible that any business there
stand such rents" a correspondent writing from PHI
lpsburg says: Building lots in this borough
mandng good prices, and many houses are being built
the fiat and hill"