The New York herald., 1871-03-06
REAL ESTATE.
A Glance 1t tho Prospects In the 0ountry--Sonae-
thing About tho Industrial Exhibition Where
We Are and What We Are Coming To-

'What do you consider the prospects for che sale
OF country property this spring."
This was the introduction to q conversation which
the writer held day or two since with one Of the
Oldest and most experienced authorities In the real
estate market Being In search Of facts not theo-
ries he dropped into the interviewing iiue easily,
the result Of which may be briefly told thus
Considerable activity may be looked for In New
Jersey much In westchester-in the way Of lot and
villa sites aud lively movement In the unimproved
lands Of Long Island. In respect to New Jersey.
her quick transit, admirable ferryboats and nu.
merous railroads make o residence for person
doing business IN New York q great convenience
ana saving in time, expense and fatigue.
In Westcnester, what they lack in time and com.
fort they gain by the strong belief that their incon
veniences ara only temporary. and that the pro-
gress OF events must make every foot OF land they
can catch hold OF and keep pay eventually for the
present difficulties.
Regarding Long Island. It appears az though tile
public were awakening to the fact that large tracts
ofexcellent farming land exist there, long supposed
to be worthless but now demonstrated to be as val.
liable as Land in part Of the state and since the
vast operations Of Mr.. Stewart numerous purchases
have been made, whicn evince an anxiety to invest
In these hitherto despised dtstriots The conse-
he probaOties are that rage &c Of W aa viii viii
get In unIll PRICES range on . Level with other
". have sscGFSsS Is oDssn,ng % Of the trout s
Soars s an q sfs as
scattered tracts may still be picked up for nothing
those a sss VINO snS az not seaa 5ne papers, but ths
thinkers, many et them poor men few years ago,
but whose win % ranked with 3
Island is one OF the most delightful and healthy
residences upon earth. The sea breezes temper the
the frosts Of winter. br. Peck has told of its
clmatica advantages. and he knows more about t he
a exced IL real ssase
In regard to
THE INDUSTRIAL EXHIBITION, z
particularly as is learned that In Difference to the
plans Of that enterprlse--the proposed extension Of
Lexington ayenue-whieh we spoke Of q short time
since as an act OF vandalism, has been suspended.
This Is concession the part of rulers to the
spirit OF the age which is deserving OF special and
fa M
lation, to notice. the utter suplneness with
which this enterprise is regarded BY the mass Of
has Almost acquired title to the valuable plot OF
ground selected as site for the exhibition building,
bounded by Ntnetyeighth 1921 streets and Third
ana Fourth avenues, lacking only small instament
to make UP the whole amount OF the purchase money
Is s true Ss Of @ sSnqs 9 are
scrbed for, and the success Of the loan N assured.
But in spite OF this, there Is an apathy and indier
ence to the enterprise that Is surprising. AT one
time this might be explained by the doubtful pros
S ss q wss pa
vtncal rival OF ours. seeking not alone
to gain the Western trade Of the continent,
gether the merchants OF all nations in grand in
dustria 1alr on the centennial anniversary OF the
Declaration Of Independence. To aid this the city
has donated ground Tor building while the State
OF Pennsylvania offers subsidy OF s. 000 900. Now,
seriously, we cannot afferd this. New York is the
great commercial centre Of the republic: but how
long Will 1t remain SO II we permit Philadelphia to
| become the sample room2 This IL the real point
| and what makes this matter Of interest In real
estate circles. We must keep that sample room
Arts OF all Nations but universal exchange2 II
there Is going to be anything OF that Kind esab-
lshed, New York wants 1t, 4 she would preserve
her e.eminence We are strong to-day, but can.
we have powerful interests In combination against
US to divert trade to other polnts-the Pennsylva-
MIA Central, Baltimore and Ohio and the Chesapeake
ana Ohio Railroads IN the South, and the Northern
leading OF In this matter Of grand exposition we
| dwarf this opposition 70 insignificant pro.
portions. Buyers and sellers VIII both seek
our city, where they knew they can see samples Of
and mechanical-and oil the freshest works and
products Of foreign nations. Thus, New York may
assume It's proper position as the brains OF the
Union, giving to each visitor fresh ideas and wider
Judgment to help him forward In the great race for
wealth we are oil engaged In.
Real estate men, with true appreciation Of the
importance OF this matter to New York. take deep
interest In 1t, and watch the progress OF the com.
panys operations with great keenness.