The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-24
G PROPERTY IN THE COUNTIES OF NEW JERSEY BORT
Totals $50 s272 243 s3l2 2247l2 1851 1885,!
GOOD JUDGMENT IN PURCHASING.


A great recently taken from us gave a singu-
lar Illustration of the acuteness of his judgment
and the mastery comprehension OF his genius.
Although not m any sense an investor or dealer in
land on three occasions he made purchases for his
own purposes evincing power and sagacity not sur
passed by the Oldest among u.s. speak OF James
Gordon BENNETT. When he purchased his news
paper Office for the HERALD he chose q location
which has turned out to be the finest for business
purposes of the whole business portion OF the city.
When he bought city residence it was on the
summit Of Murray Hill, at the corner OF Fifth ave-
nue. and Thirty-eighth street, the finest point on
that grand avenue. When he wanted suburban
villa he chose the summit OF Fort Washington, on
the west side You cannot mention man who did
but three things in real estate and match HIM. In
each case, though he was devoted to the duties OF
his profession, he made the selection of the
very best. II anything marks his career 1t is
untirlng energy and constant success. Let us
accept the award. The Boulevard which stretches
passes northwardly WILL when its extension is
completed. pass by that villa on the summit at
Fert Washington, and 1t is the grand avenue OF the
parks on either side OF 1t, the seat Of the highest
value land can attain on the island.
INCREASE IN PROPERTY VALUE.
We all know how land has risen in value on the
Fifth avenue during the past seven years-seven
such advances Will occur again. There is but one
place Tor it, 1t is on the west side, from F1tyninth
street to Fort Washington. There will the high
much as present values exceed those we were
accustomed to before the war. When will the time
Gomez 1t will come as soon as he have rapid
transit, the exemption Of mortgages from taxa
ton, and with the vigorous prosecution OF the
work on the parks, the grading and sewering of
these subjects before now. We have still great
deal to do and encouragement to do 1t.
Mr.. WILLIAM A. DARLING was the next speaker.
He said that many in the room who had lived in
New York for half a century could remember when
the city OF New York mad for its confines Canal or
Spring street. Our ancestors made many mis-
takes in the laying out of streets and parks, and
we ought to gather experience from the fruits
that they have left behind. We must have Sc
curity for life and property in this city, and capt.
talists should come here and build up the greatest
metropolis OF the known world We want rapid
transit and we must have it, no matter how we
get IT. tCheers.) Tie was IN favor OF rairOad-a
rapid one-a viaduct road, or two viaduct roads,
that would run up and down on each side OF the city,
and II private capital could not be procured let the
city build 1t and the increase in the value of prop
erty on the upper end OF the island would more
than repay the city for its outlay. Agitation was
the only thing that would bring rapid transit,
| and meetings of citizens should be held regularly
to bring about such needed result. (Cheers.)
Mr.. WHEELER Ii. PECKHAM, the prosecutor OF
Tweed, was the next speaker. Mr.. Peckham de-
voted his time to able and forcibe exposition of
the folly and injustice of the taxation which gov
erns bonds and mortgages in this city, and urged
that measures be taken to do away with the wrong
caused by such taxation The meeting then ad
journed.
What Has Been Accomplished Under the
Charter i'm Brooklyn.
The question Of providing rapid transit route
between the Fulton ferry and the outskirts Of
Brooklyn EAST New York; has been agitated in
Brooklyn for the past three years, ever since the
bridge enterprise assumed practical form. Up to
the present time however, but little has been done
toward perfecting the scheme save procuring a
charter At a meeting of citizens held on Tuesday
evening, at which were present Messrs. Simeon b.
Chittenden, j. Douglas Brown, r. 5. Bussing John
I. Cuyler, Henry Taylor, William Richardson, ex-
Mayor Lamber Rev. DR.. NJ II. Smith and Others
the project was discussed and measures were taken
for the furtheranCe OF the work.
Mr. TAYLOR, who occupied the chair, regretted
that there were not more OF the milllonnaires Of
"the HIP present, as he presumed IL would be
necessary TO raise few millions to inaugurate the
enterprise. charter was procured for the pur-
pose of constructing either an underground or
elevated railroad, or both, between the Fulton
ferry and East New York in the month of June
| 1871 Books for stock subscriptions were opened
year ago; 100000 had been subscribed, leaving
a balance OF 100000 TO be raised before the work
| could be commenced.
Mr.. 5. Il. CHIrTENDEN then spoke In advocacy Of
| the enterprise. and said that the road would not
| only pay, but would pay at once. The investment
| would prove pecuniariy profitable and the road
| would be an advantage to the whole country.
committee was finally appointed TO solicit sub
scrption TO the stock. The road is 10 be an under
! bridge terminus, Adams street, running through
| Adams TO Boerum, To Atlantic avenue and along
that thoroughiare to Flatbush avenue, and out TO
| the city line.
Much opposition is expressed against the pro-
posed line by the property owners on Atlantic
street. who contend that IL will be injurious to them
and depreciate the value OF property.