The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-11


We published in yesterdays edition of the
HERALD in tabular form, an official return
made by the State Assessor of the assessed
valuation of real estate in the various counties
of the State. In the same table returns of the
equalzed valuation of real estate, the valua-
ton of personal property, and the aggregate
equalzed valuation of property in the several
counties. This very useful and instructive
exposition of the tax-bearing abilities of our
people opens wide field for retrospective and
prospective contemplation. Not the least
gratifying conclusion to be deduced from
the facts submitted is that the equalized valu-
alton of property In the State is 1894, OBJ, $50
greater than last year, and that the valua-
ton Of property in New York city has increased
1913, 70i,8i4 during the past twelve months.
So far as our city and county are concerned
there are also just grounds of graduation
from comparison of the figures representing
the real and personal property for New York
county and that of all the other counties
of the State. The term county, which
Is generally applicable to an extended
boundary, Is almost q misnomer when
applied to New York, for the city proper
Is, In fact, the county, and the county il the
Empire City.
Again, in drawing proper and just deduc-
tons from the property return referred to,
and with view Of fairly estimating the value
Of the personal and real estate Of New York,
as contrasted with the returns made of the same
for the other counties, consideration should
be had to the figures credited to Kings county.
The City Of Churches, almost to an equal ex-
tent with New York, includes the county of
Kings, and as Brooklyn is really but an appa-
mage, or extension of New York, the great bulk
of her wealth and taxable property being drawn
from, and the products Of, the business and
commerce of the port of New York, the returns
for these two counties might be fairly classified
under the head, sNew York city," This would
give the two cities, or counties combined, an
aggregate valuation of real and personal pro-
perty Of $1,O26, 400, $50, against total for
being more than three-f1fths of the assessed
property of the entire State.
This official certificate of the great pre-
ponderance of the wealth and influence of
our city must naturally be matter of pride
and graduation. New York has no gold
fields, as California has, no silver mines like
Nevada, nor coal and iron mines like Penn
sylvania, but she has an unequalled harbor,
which makes her the centre of the trade and
commerce of the world. In her port arrives
the tens of thousands of emigrants that monthly
flock here to found new homes on the broad
and fertile lands Of this Continent, and who
are steadily increasing the population of our
city, charging its limits and adding to it's
wealth and prosperity in every material way.
Room for these fresh accessions Of bone and
sinew is what is wanted, and this can only be
attained through the aid Of railroads running
in every direction into the country. Homes
for the working classes are also needed. Mr.
A. T. Stewart is doing good work In both
these ways-in building up town where large
numbers of mechanics and artisans can find
homes, and providing a rapid means Of con-
veyance thereto. This Is large field In this
direction Of usefulness for our miIlionnsires-
let them follow the example set them, and thus
make for themselves names that will endure
as long as the city stands.