The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-08

enable Us to keep even with the rest Of the world
Ehe growth OF this city has been marvellous, aud
main tanned of late In the face OF the most adverse
circumstances. We have suffered and grown
Strong under influences that. II specially designed
10 retard our growth, wreck our prosperity and
East us back into decay, could not have been more
Sngeniously devised-innuences that would have
Fuined any other city In the country. and we stu
I THE FIRST COMMERCIAL CITY OF THIS CONTINENT.
( Now, let any one make q tour Of the city, and
then answer candidly, Are the improvements
(which exist on this island, either along its water
Front or within, commensurate with that posi-
fions And do they justify lis In assuming that
without any effort on our part to remedy existing
kls, 10 forward city improvements, both with re-
SatlSn 10 internal and external needs to level
WIN tnose OF other Cities We shall continue to
pod that proud distinction In the future as we
lave ia the Pastf This is question In the an
Elrect interest. Lei each Individual property
owner, tnen, IN this city put the question 10 him
nse and chem ac Tns remeSy
against danger is here pointed out-nrst In an mi
eial measure that shall give immediate relief and
ppen noOdRate OF stimulation IN the way OF none
Eary ease. that would necessarily entail the other,
when the TWO, united, would press on with such
irresistible force as to overwhelm oil present OBJ
structonists, wipe out all rivalry and speedily
Rring the population OF this city up to its
- PROPER BASIS OF TWO MILLIONS.
Much more could be said on this subject, but thus
we leave 1t for the present, although we have only
lightly pointed out It's more prominent features.
"a recent incident In the market Is so INSTRUCTIVE
nn the moral 1t points to be worthy OF notice in
Ehis connection. There has recently been born INTO
u
tof Wood Brady 4 Todd. who devote much atren-
zion to Brooklyn property. The TACT that Mr.. Wood
pr the new firm, Is ex-Mayor Wood, OF Brooklyn,
coupled With an early challenge OF the reawaken-
ppg Instinct OF real estate investment, In favor OF
PROSPECT PARK PROPERTY,
suggested inquiry or MIR. Wood as to the present
status OF that property in the market and the In
HuenCes relied upon to sustain 1t. IL was learned
that so far as any considerable or representative
transactions were concerned Prospect Park prop
erty, although dull held lTs ,QEp throughout the
ps New Yosk. In seeking lurthey Information on
Eng SroJect which will be commented on IN due
zine, attention was called to the Important bear
Ing which that narrow strip OF water running
from Gowanus Bay to near Hoyt street. known as
fhe Gowanus Canal, but more properly creek en-
CLOSED in a liked channel, has upon real estate
values In the district beyond It, 1t provides
10y which building Is stimulated; also cheap trans
pOrtat1On for COAL by which the consumer Is bene-
Hted, as we'll as other facilities OF communication
shat necessarily relieve the cost OF
10 the advantage OF this neighborhOOd. With the
results OF SO slight an Improvement as TINS upon
real estate values how shortslghted 1t Is for this
great city OF New York to hesitate III the cOnstruc
proper expansion, and to meet immediate neces
Stiles OF growth that press heavily alike upon its
commercial and social prosperity and progress
Through fear OF the future, wholly without justn
cation in its past history or the history OF other
cities wnere kindred conditions OF prosperity exist
Look at London. Contrast the growth OF London
with the growth Of New York. and then try to
bmagne, II you can, what New York VIII be, in
creasing in the same ratio 1t did in the past, In
growth city may have. Surely New York has
kQual possibilities.