The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-08-01
REAL ESTATE MATTERS.


The subject OF the growth OF New York and the
expansion OF the metropolis is that has not'un-
frequently been treated OF in these columns; but as
every day develops some new IDEAS IN connection
thereWitt 1t Is also one almost lDeXhausiDe IN mat
ter for consideration. We nave only to lock around
us w see every side evidences OF ts growta and
extension. TO the most superficial observer the up
ward movement OF trade this Island addresses IT.
sell IN proof thereof, wbiie the constant
and steady exodus Of our population 10
surrounding dlstricis as necessary con-
sequence of that movement attests the same TACT
There 10, however, one INDEX OF the Increasing
greatness III population ana area of the metropolis
tan district presented by tie real estate sales Of
each year, when may not nave been generally con-
sidered, and watch - tue more valuable IN That 1T
eXhIbits the direction and character o that eXpan-
sion. We have juss reached the close Of active
season Ia the real estate market, aiii thas
posliion to read the esson II teaches. The spring
season OF 1860 has been a remarkable one Ia many
respects Opcning Win great and surprising
excitement. with prices highiy inaa.ed, and
speculative fever tnat threatened repetition OF
the disaster OF 1886, the market suddeny ard in
the yery height OF It's activity suffered severe reac
tion and without panic or any considerable decline
III value properly became hat anu unsuitable me
dealings 40 10 TINS period had peen mostly IA city
properly, much OF which had been purchased oy
speeuiatofs Oh Contracts with vey to Hs rapid ap-
preclatlon III the then existing excitement; hence
this sudden turn In the market found many OF them
IN very embarrassed circumstances. Bogus auction
sales resorted to tempt purchasers; but
these beng soon exposed faiied, anti eAofts were
maze by the weaker holders 10 dispose oi Their con-
tracts AZ private sale. AS confidence In Tie uti-
mate great appreciation OF all Of tbe lana
Mauhattan island Is an almost nniver-
sal sentiment among our moneyed men, TINS
they succeeded IN doing mostly ut but sligat sacri
to await revival Oh Legitimate investment derland
city properly lost but iIte vi It's irinness through
thls TeacJon. An interval Of duuess Amounting
almost 10 stagnauon followed, when, With the AL
vent OF suGisner suburban properly came Into the
market. IL was carry tounu that Tor TINS description
vi property II legitimate demand existed tnaL was
not ea7iiy 10 be satisned. Care being taken 10 liz
duce conlidence IN tue sales by coaiiung the prae-
tice Of bidding III 10 The Darlowest nnlts, persons
deSirou5 vi securing suitable SHE'S ior suburban
Saencas readily awaited themselves Oh Tie Opportunity
thus afforded them, anu as most OF me SAFES
he'd On the ground disposed OIL the property offered
was eaeery purchased ut far and appreclitive
prices Very lew Vi these safes were lallures, anu
most OF them thus resuiOng We're affected ny causes
having but llttie relation 10 the inquiry existing
the market. some few however, there were WHICH
exhibited an absence Of the necessary conditiOns
anu did not present sucu satisfactory CONCLUSIONS.
IL IRON these sales oil suburban property derive
the greatest INSTRUCTION. The most successful OF
them, ia The several respects OF tue amount Vi pro-
perry disposed Of the prices obtained ana Ghe Guar
acter OF the purchasers, were neld IN New jersey,
along the three lines Oh RAILROAD there That nave
terinl on the shore opposite New YORK, the buyers
pfoyenient and residence After these, respect
The conditions named, lots on the line VI the Long
Island Railroad sold most satisfactorily although AZ
low figures, While IL must pe confessed tuat ut tue
sales Of estcnester property, although tile prices
obtained were higher imam at either OF the other
localities, the expectations OF the properly owners
there were lar trom being reanzed Recently, at d
sale OF staten Island property III the nelgnoornood
oil Brighton, much interest was exhibited aud high
prices reanzed, the property, however, being very
extensively Improved. IL WA he readily
seen, from the above, that tne popular need
IN THIS crowdng out OF our people from The city is
RAPID means vi communication. New Jersey. with
her perfect railroad system, bringing New YORK
within swift and easy connection win her nutne-
rous towns and villages, attracts tile great OF
actual settlers OF the middle class Comfortable but
not wealthy citizens. The cheaper land on Long
Island, wtn all the drawbacks OF Imperfect manage
Inent On its single road yet inasmuch tie potIve
power there is steam, pays handsome prohtto its
former owners, wHIe Wesrolester county, distant
too lar IN point OF time for men vi business, Remains
held OF speculation. Inns problem OF rapid SAFE
anu easy communication VITA tue SUBURBS Is tne
great question New FORK mas To consider anu lii no
direction does Ii present SO many dinicues OF solu
uon as TO the north.
Inc purchase ol Hampstead Plains by Mr. Stewart
PROMISES TO oeneut Loug Island In thus regard 1t
is stated That TINS gentleman has pledged himself
ms purchase be consulnnated 70 lay double track
from the village OF Hampstead TO some point on
the East river opposite 10 New York.
subject OF no smal public Importance in this re-
ration IL being seriously agtated III Tile proposed
connecting staten island with Inc MAN laud Nv
means OF bridge or tunnel AT Elizabeth City. This
point offers Inducements III It's being Important
manufacturing city, and the ease and iac.ity with
Wnich railroad communication WITH ali pafts of tile
country could be enected. Lines could u,en be ex-
tended TO the upper and iower Gay, whicn would be
specify covered wltu depots and villages. There
many reasons Tor beneving that de, elopments
wn take place thai VIII necessltate the carry Ing out
or this project The geographical position Of the
Island Is such that tue exgencIes OF commerce wil
sooner or iaer connect 1t VITA the main land, thus
opening a continuous and easy communication with
New YORK cIty and The interior. New ork Is stua
tel on comparatively narrow island, aud tle tune
cannot be Tar distant when the growth Of ship
ping interests northward must cease account OF
the greater facilities Tor II at the southern portion
the island and along the shores OF It's naroor5
Inc increasing bulk OF the population VI this
try lies west Of the Hudson river, where also the
vast bulk OF the exports OF the country Will be pro-
daced apd the imports consumed, and economy de
mands that they should receive as little handing
possible IN their transportation Hence 1t would
Seem that before many years we shall see mucu OF
the shipping transferred 10 the southern aud
shores o the harbor. In view OF these facts the
poitance OF the project TO Staten Island cannot he
over estimated. The situation and natural relation
oil the Island Is such that IL cannot long remain in
present comparatively Isolated condition. Vast In
terests and immense advantages of 81 puoiic nature
invite prompt ana adequate measures beng taken
To open 10 and from the Island the most ample anu
conmodous means OF communication.
III Westchester county, however, whittier our
natural outsrowth should be. we have yet but
weary miles OF street railroad and but scant pros
p,ct OF greater facilities oil communication at cary
CAFE The Underground ralIroad and the elevated
b road, II not allures seem to be each, practically,
ion-success. something might be gained by the
Muiupiisation OF ferries to Hsrlem ana little more
enterprise on the part OF the railroads that run
through the county, but unless some such improve
ment Is secured this beautiful suburb VIII remain a
distant land, onering no prospect OF comfortable
residence to the great mass new Workers, the very
Class that most heed relief.
Real ESTATE Notes.
The people of San Francisco much exercised
over the improvements beng made In that city q Ia
Haussmann, A late number OF the alta Californian
sass:'We are evolving new rules on the subject Of
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