The New York herald., 1869-02-21
REAL ESTATE NOTES

Mr.. J. A. Munsell purchased few days ago 43
acres from the Reformed Dutch church, Flat
bush, for s172oOo, being $4,000 per acre. This prop
erty has been vested In the church since the founda
ton OF the Dutch colony in 1870. 1t has 'front.' on
the Coney Island road and extends back to the New
Utrecht road. Mr.. Munsell has been offered large
advance on hts purchase.
The Turner Brothers, bank ers In this city, have
also made large purchases In this vicinity during the
past week. A plot Of twenty.three acres having a
front OF l75o feet on Coney Island road, has been
purchased by them at $4,000 per acre. They have
also bought several pieces on the New Utrecht road,
which, together with purchase made last year, they
and Mr.. Munsell own plot OF 200 acres bounded by
Coney Island road, New Utrecht road, West Broad
ton to erect the finest improvements on the
property and sell with such restrictions as viii make
''s Gentleman rom New Jersey has bought the Clay
Farm, owned by Mrs. Select at East Neck and IN.
tends putting In steam power for the manufacture OF
brick on an extensive scale.
In 1868 about 100000 persons settled in Missouri.
In that year the Land Commissioner OF the Hannibal
and st: Joseph Railroad Company sold i5s 4oe acres
nearly &l50000 month for land sales OF the Hanni-
bal and St. Joseph Railroad alone. And most OF
this was sold TO emlgrants, and all OF u 70 real
settlers.
Commissioner wilson, OF the General Land once
II In receipt OF returns from the local oces ut wash
lngron and Little Rock, Ark. showing that during
the month Of January last 1l3 farms, embracing an
area OF 1o6s9 acres, were added to the productive
lands OF that State, under the operation OF the home
stead laws requiring actual residence upon ana cu-
tivafion OF the tracts.
It will be generally admitted that the great prob
lem presented 10 New York for solution Is where 70
provide for homes for our now overcrowded and IN
the future greatly 10 De increased population. Inc
policy heretofore has been to drive back from the
business centres the rapid means oftravel AFFORDED IN
steam railroads, and stopping the locomotive ~ tne
outskirts OF the city, hamper the development OF
trade with view to give better security 10 ana pro-
vide more for our dwelling In the city. Brook-
lyn and New York are both now suffering IN tnelr
limited accommodation Tor interior communlcauosn ssa
character. The real remedy lies In bringing the
iron horse to the very doors OF the workshop,
domices beyond the trade limits. late number
OF Boston commercial journal has an article on tnis
subject IN It's relation to Boston, every word o.
which applies with equal force TO this city, anu II
well deserving OF attention. We quote:--
Population depends wholly upon business; the
welfare OF the people OF this any other great COM
mercial metropolis is identified with the prosperity
Of s business interests: and the growth OF the lat
YER checked or they are suffered to fall into decay
from Tear OF disturbing the homes OF the people, the
lnevitable consequence viii be that the people VIII
soon have to seek for homes elsewhere.
gencies OF business, in such convenient locations
and upon such scale Of hbcrality "a shall give
Increased scope and vigor TO all our great mate
remunerativc employment, ana with plenty Of
nabitaole and easily accessible territory In the
OF homes win then take care OF itself. The growth
OF population will always be sure to keep pace
WIN the expansion OF business; but resident p0pu
lauon oe u ever 90 large, cannot OF itself alone
make business. The population can move back q
mile or two inland and adapt itself to any healthy
location provided the means OF transit are furnished,
wltnout serious inconvenience. But business-espe-
cially such % u carried on between our railroads
ana snippiDg.cannot be moved back, but must be
accommodated, II a oil, In the heart Of the city,
where II naturally centres. \
Hence the question to be decided Il, whether IL
better 70 encourage and expand thas trafnc
wnicn sustains our population, or TO exclude the
our city limits This "a the alternative presented,
for u 10 ~ certain ~ anything can be that one or
tpe osn0 tnnse 9'ys way. We believe II u for the