The New York herald., 1873-09-08


boulevard progressed, ana nrtner exclvruR ,uvese.
ment desire IN that direction. Az In all specular
excitement prevailing there from time 70 time
and some changeful values; but, taken ALL in IA ~
movement appears to De . healthy one, and rests
on 1rm foundation with good promise in it.
WASHINGTON HEIGHTS
has begun early this fall to feel the spur Of THE
activity on both sides OF It, and already renects
very active inquiry IN firm prices, and hints Of I'm
portant transactions now In negotiation. Judg-
ing by the experience OF the past woud n0s %
IN this quarter or Westminster county tnis iau
than further down.
THE BUILT UP GROWTH OF NEW YORK ISLAND
has ever been Of the hop, skip and Jump 0rder pop
uiation distributing itself sporadically over It's sur
face, as witness the names-Yorkvie, Harlem.
Greenwich village, Carmansville, Manhattanville-
all OF which have since lost their distinctive
limits; hence II precedent Is to be followed, We
beyond crowded with fashionable residences occu-
pied by their owners. while property lower down
ment of speculative ardor The extension or the
Boulevard over and beyond the heights VIII neiP
largely to bring about TINS result nnere Is mcSn c1
cles, which, 1t must be said. however. Is most gen.
orally against Comptroller Green for his
OBSTRUCTIVE POLICY REGARDING CITY MPRoVk
and by some he is severely denounced for his
shortslghted and parslmonious action IN TINS
respect, which Is held to be seriously hurtlul TO
real estate values There is much truth in this in
terence, the premises be correct, as asserted, N
the one circumstances, II no other, OF It's keeping
away capital from the interior which would DO
largely Invested here In the neighborh00d OF such
improvements; and when 1t Is considered tnaS
upon the inception OF such improvements their
RAPID completion was largely discounted In the ap-
preciatlon or snch values the danger incurred is 9
serious one to many holders OF property. The
question occurs as 1t has been asked in the market,
why does Mr.. Green make himself SO lmpractlcable
seek to keep alive the. impression that the
city ts still In the hands OF nnscrupuous adven-
turers incapable Of appreciating s tue tnterests
the expenses Of legal proceedings in the procure
ment Of mandamus has been added to the
way Of the forwarding towards rapid completion OF
works already commenced upon
THE GOOD FAITH OF THE CITY
as body corporate, not OF the men then accident.
ally controlling its a1airs-in honestly forwarding
which large investments have been made, not BY
ana in many cases forsisnersi' ii' Is this isi.S
to BE- broken New York aGFd s
win be equally hurtlui sooth to say, Comptroller
asd BY ses Of Il It's
real estate. his financial policy appears exceed
ingy narrow minded and Contemplate, admirably
stand, but wholly without comprehension OF the
position which New York occupies in the nation
struggle tor preference going on in this country
every day, no individual II be would hope to gain
much more is this true Of great community ike
New York, environed by rivals eacn seeking "a
dsplace from her brow the crown Of pre-eminence
and dispute her commanding position.
FREE, LIBERAL POLICY IN RESPECT 10 IMPROVE
MENTs
is needed in this particular, ana real estate owners
must look to it that those already commenced ara
steadily pushed to completion and not suffered to
10 .s 70 the O
him beware OF investment here. On
EAST SIDE,
where the streets are all laid out and with few
with considerable building activity. The WORK Of
to remove one considerable drawback to property
far up town on this side. This can only be done In
y one way to etieotualiy remove the nuisance now
back as Third avenue, filling up the hollow places
between 1t and Second avenue, and from thers
water mark, where sewers might safely discharge
their contents. The cost OF this work should, OF
proved although inasHuch @ as It s is likewise as sant
tary work, and would largely benefit surrounding
property 1air proportion OF the cost might bs
thus distributed. The steady
ENHANCEMENT OF VALUES
on the east side during the past ten years shows
pensate the owners Of property in and near Hsr
lem for the expense they would have thus to bear
new dock facilities thereby gained. 1t is too early
yet to determine as to the nature Of the offerings
in this quarter this ial although one or two large
It win be seen from the above sketch of the
conditions most directly Affecting the market this
fall that
A STRONG HEALTHY TONI
may be confidently looked for while any special
activity, although presenting some slight indicar
tiOns, has yet to be developed. The fears OF
relapse from high values, always existing IN every
department OF speculation or investment, and t0
be considered in reviewing the general situation,
are this year without special application, and are
based principally upon apprehensions growing out
OF past experience, without full consideration o.
the changed condition OF affairs, social and
servatism safe enough to be guided by in
a period Of receding national prosperity, but too
likely to overlook that 'tide in the affairs OF men
which, taken at the mood, leads on to fortune.n
New YORK floats buoyanty upon this rising tide,
ever reaching higher and grander possibilities 0l
growth, and rejecting q share of Its greatness
upon surrounding towns. With the close OF the
summer much Of the activity which prevailed In
the case OF the latter will subside for the present
at least, although the
STEADY INQUIRY IN MANY QUARTERS
convenient TO the city meets no interruption during
the year. The same causes which have operated
to stimulate the growth Of these vatous subur-
ban districts still continue to determine values In
communication with the city, saubrity of situation
and surroundings, and social advantages.
1t will be some weeks yet before the market will
fully feel the presence OF even the present
EXPECTED ACTIVITY.
There are crowds OF tourists yet to return from
Europe, and the various watering places have yet "a
give back thousands OF their sOourners before this
promise can be rightly tested. In the meantime
very confident tone prevails and without more de-
ctded data upon which to form conclusions the
above review represents the average feeling and
anticipation with respect to the future.