The New York herald., 1871-01-09
r AL z ST ATE.
The Features of the Market-Up Town Transit
and the Annexation Of Westchester- Hitch
mans Bill-A Few Words Of Caution-Rs-
preventative Views-An Interview
The Argument Of the Promoters Of
Annexation-Wha Pine and
Cedar Streets Think.

There arc two great "ponts" in the real estate
market at the present time awaiting the develop
ment OF which the market Is stagnant These are
the solution of the up town transit problem and the
annexation OF the lower part OF westchester county
Among real estate dealers there are many and
diverse views held in regard to the probable result
OF Legislative consideration Of each OF these propos
tons. and hence great uncertainty as to how real
estate Will be affected thereby, producing the mac
tvity before noticed. The weight Of
OPINIONS IN PINE AND CEDAR STREETS
inclnes however, to some positive and definite &C.
ton In respect to both OF these measures by
the present Legislature. Referring to the
first mentioned-up town translt-there Is an
almost universal conviction that earnest effort
will be made this winter to this great desie-
ratum. This conviction ID based upon two separate
sets Of iacts within the knowledge OF real estate
men. namely-nrst. the extensive purchases at the
upper Of the island and In the lower part OF West
chester by certain prominent politicians supposed to
form part OF that indefinite entity 1.-THE rino; ana sec
ondly Governor Hofrman's recommendations In his
message OF q certain plan with The additional fact
tnat this plan embraces among the names OF the cor
porators, with Others the same individuals who
have been making investments as before mentioned
This plan comes before the Legislature with
HITcHMAN AS SPONSOR,
and, If what has been said concerning IL be true,
calls for very close and careful consideration. Os-
tensbly the BILL designed to give legal and Legisla
tive authority to the before referred to corpOrators
mentioned therein provides for the construction of
viaduct from end TO end Of the island the cars to
run on top, ana the space underneath, between the
arches to be used and rented for business
purposes This plan, full details OF which appeared
n aSf has N afrv,.,
and II not TOO expensive deserves to be favor ably
considered
have appeared in PRINT that the first section or
Hltchman's bill provides tnat the corporatOrs shall
nave authority alter consulting with ''tne best engl
them seem TO meet the exigency OF rapid up town
transit, and go forward with the constructing Of a
road according 10 such plan. This Is entirely
TOO MUCH MARGIN,
and gives the corporators power that ought never
to be delegaled to any private parties. rne plan
elaborated in the other sections OF the bill may be
1.-THE best engineering talent'' and pay for
it, any other plan may be adopted, even to
the Objectionable Arcade plan OF last session.
We call the attention OF the Legislature the
ject. Not only the plan to be carried out, but the
precise route should be accurately denneG by any
transit and ii would be we after due notice OF sucn
plans and routes II the committee having the matters
IN charge would sit for some time in this city hear
the Iuture prosperity OF New York Is involved
in Its proper settlement Numerous plans
volving various conditions Of transit un.
derground, elevated, and surface. Among others
the Pneumatic and Arcade schemes are hopeful
OF endorsement; the latter eliminated, it said OF
the objectionable features which occasoned the
Governors dlsapproval last year, and confident OF
ature. That winch can be most rapidly constructed
has, In our Judgment, the first claim to attention.
Next IN importance. and to some extent associ-
ated herewith, Is the proposed
ANNEXATION OF PART OF wESTCHEsTER COUNTY.
The bill Tor this purpose, Introduced into the
State Senate py Senator Genet. gives scope and
form to the proposed expansion of the metropolis
takes into the city all the territory south ol the
northern boundaries Of the towns OF Yonkers, East
chester and New Rochelle, comprising with
these the towns OF Pelham, Morrsanla, West Farms
and West Chester. 1t creates the Twenty-tnird
1wenty-fourth, Twen.y-fifth and Tweniy-slxtn
wards of this city, providing for the election of two
aldermen and assistants, two police justices one
civil Judge; also for school officers and election
vassers leaving Assemblymen, Senators aud Con-
gressmen and their districts as they at present.
Many OF the objections raised BY the oppOstlon as
contained IN their recent protest, published short
time since in the HERALD are met by the following
reservatlOnS:-The section annexed Is designated as
the suburban District and not made subject to
the jurisdiction OF the city government 1Or any pur
poses OF highways streets, sewers or DOCKS except
on petition OF the owners OF twothirds OF the real
estate TO be affected. Nor is the new district SUBJ
Ject 10 taxation as part OF the city lamp, fire,
water or police district. Until these Improvements
are voted for the Suburban District Is taxed one
per cent, or one-half less than the city proper.
Either OF the privileges-gas, fire. water or police
can be extended separately by an increase Of one
fourtn oi one per cent 10 this tax.
Very little doubt Is expressed In well Informed
circles OF the passage OF tnls or some bill OF similar
purpose but great interest is lelt on all sides
among up town property owners, especially ON the
west side, on the subject. DESTROYS OF obtaining
the views OF that class In contrast with those OF
Westminster county who had expressed their 0pposi.
tlon to the measure the writer, a day or two since
obtained the name OF Mr.. Jonn Kavanagh, gentle
man prominently Identified with west side real
estate interests for the last fifteen years and large
property owner, as one capable OF communicating
REPRESENTATIVE VIEWS
upon this subject Calling upon MIR. Kavanagh, at
his eilce in FOrty-second street, In pursuance OF
this ooJect, and expressing hls purpose, the writer
was courteously received, when the following dia-
logue occurred:-
REPoRrER-wnat do you think OF this proposed
annexation OF portlon OF Westchester county 10
MIR. KAvANAGH-Iti is a fixed fact; the men who
head ths movement are clear III their views earnest
ana practical and mean business
REPoRTER-How do you suppose 1t will affect real
estate yaluesf
Mr.. kAvASAGH vantageously, both here and
IN Westchester county, py stimulating moie rapid
uptown movement and accelerating the adoption
OF some practical scheme OF raDid uptown transit.
Besides Westminster Will be benefited by sharing III
the advantages, when sought for, OF our elaborate
system OF local administration in forwarding i'm
provements.
REpoRTER-Wll it, do you think, lessen or in
crease taxation
Mr.. KAvANAGH-The enhancement of the value OF
property and the rapid increase in population VIII
tend 10 lessen the burden OF taxation.
REroRTER-What do you think Of the transit
Mr.. KAvANAGH-If placed in the hands OF the CITY
authorities, with power think Its realization more
immediate than by any other method.
REPoRTER-What are your views as to the rela-
tive merits OF the east ana west side interests?
Mr.. KAvANAGH-Tbe east side lalrly circum-
stanced now compared with the west side, and hence
the continuous line OF population the side Of
the city. The operations looking to a removal OF the
distractions at He'll Gate also give preference to
the east side IN business point OF view. But give
to the west side quick transit and you will soon
see wonderful change-the vacant lots and build
Slfa hnIn flla fhA
east side. Yes, sir, continued Mr.. kavanagh, rising
as II to close the interview, rapid cheap transit
~ what Is needed 1Or up town New York.
Give us that and real estate enterprise on both
sides Of the island will be stimulated an activity
without parallel Ill the past on the east side in the
direction of business, and on the west side LII the
way OF fashionable and elegant residences.
During this conversatiOn-of which the above is
only the substance-Mr. Kavanagn frequently re-
ferred to maps, Of which he possesses a rare and
valuable coection-the most complete, IL Is SAID,
The city.
Returning again TO consideration Of the annex