The New York herald., 1870-12-19
REAL ESTATE MATTERS.
The Up Town Travel
COnlndl.um.
Statistical and Financial Reasons for Its Quick
acknowledgements in Brooklyn-The
Extension OF Flatbush Avenue

The great question In the real estate market in the
approaching period OF expected activity Is that of
up town travel. RAPID transit from end 10 end Of
the island Is the great desideratum at this time,
and IN fact vital necessity IN connection with the
growth OF New York and the support OF the great
real interests belonging TO the metropolitan district.
THE ARGUMENT
in support Of this position Is neither new nor mig.
understood by those likely to be affected by rha
hoped for result but IT. leading points, az sue.
cincty arranged by an advocate OF oi the pro-
posed methods of relief Is worth repetition.
STATISTICS.
From 1900 to 1850 the established ratio OF increase
In population was a fraction over % per cent for
every i've years. This ratio would have given, in
1870, population OF 334.073. an Increase for tho
decade OF 52O, 4o4, and one.quarter or which equals
0,101.
The population OF 1860 was sl3 569, and in 1870 it
was 926,34l. increase OF only 1l2,672 being
IL 400 less than onequarter of what 1t ought have
been, and showing an actual loss OF 407, 1872 in the
growth OF the city.
Again. from 1850 to 1860 the ratio OF increase was
57.s3, and from 1860 to 1870 it was only 1884 per
cent, when 1t ought TO have been 63ss per cent
showing an actual loss Of SOL per cent. loss
OF hree.quarters would have shown Toss OF 479s
per cent.
The facts prove that since 1910 the growth OF the
city has been above Fourteenth street. and the
407 1872 lost population was lost to that section and
II such loss had not taken place there would not
now remain single vacant lot below 155th street.
This decrease OF population resulted In the loss IN
value OF the taxable property the upper part of
the island to an amount exceeding $500, O0D 900 a
tax on which OF only two and half per cent would
have produced yearly revenue to the city OF
$12,5o0ooO.
This depreciation In the value OF property together
with other evils intur,aq tn n
cial prosperity, has been caused by the
WANT OF ADEQUATE MEANS FOR THE AccoMMoDATIoN
OF TRADE AND TRAVEL
between the upper aud lower limits OF New York
The facts show that the value or property depends
upon the distance Its occupant is compelled To
travel TO his place OF business; and that distance Is
not measured by miles, but the time and conyeni-
ence OF the transit. The time required TO travel
from Harlem is over two hours, while that from
Elizabeth, N. J.-Just twice the ds,ance-ls only
fifty minutes
For this reason, under the present condition
OF the means OF travel, the Intrinsic value OF
property IN Elizabeth Is more than double that In
Harlem. The increase OF population at Harlem. in-
creasing the number OF passengers. would lengthen
the time OF travel add 10 It's inconvenience and ths
facilities Ior transportation were enlarged at the
same time.
The facts snow that the property in the lower part
Of Westchester and the upper part of New York
must continue to depreclate in value, year by year.
with an increasing ratio OF decline, corresponding
travel TO the localities adjacent 10 the lower part Of
the city.
ton as IL becomes more convenient To the business
centre OF New York, while Harlem Will decline i'm
the ratio OF the time and difficulty Of travel that
locality.
1t is generally understood IN real estate circles
that
THE LEGISLATURE.
during its next session, Will address itself actively
TO the solution OF this problem. The various pro.
1ecors VINO have schemes on hand that are certain
to succeed each one thinking his the best and tlie
others either too expensive or impracicable, are
either "aylng plpen or endeaVorng 70 "nanufacture
public oplnioan so a to oDtain control OF the
Legislature. one thing Is certain-the ring is
pledged to put operation some practicable scheme
that viii not take too long or require too much
money to carry out. The members are loaded up
with uptown property, and are still buying, and
their interests are involved in such successful
action. Present indications point 10 "a modification
of the plans and extension the charter of ihe
Central Under ground Railroad Company as the
means whereby the great question VIII be satslac-
torlly solved.
IN BROOKLYN
there was an equal awakening or interest IN respect
to the future ol the real estate market as we have
noticed In New York. The programme oil operations
for the coming spring Is an extensive one, and If t
only draws promises to create considerable excite
ment some transactions on large scale are re-
ported recently, but without particulars; hence wa
prefer TO pass them over. The long agitated
ENrESsIoN OF FLATBUSa AVENUE
IS expected TO go through the Legislature positively
this session. and real estate has been quite active for
some Time past along the line of The expected I'M
provement. Continued IN a straight line which Ia
we believe, the lntentlon the avenue will ter
inmate at the junction of Adams and Sands
streets, or at the contemplated entrance 70
the bridge furnishing a straight road nom
New YORK TO Prospect Park. The iltermediato
Ppnce streets, Myrtle avenue aud Gold street jaw
anu Concord and Nassau ana Pearl streets.
among the buildings to be demolished In thla
naussinannzihg work VIII be the school house fSt.
James parish Jay street, and the Bishops ro.ts
dence. nearly opposite,