The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-01
REAL ESTATE.

AND WHAT REAL ESTATE MEN THINK OF IT
cARD-THE BUILDING MARKETS.
The one absorbing question in this market now
is that OF rapid transit.
1t Is acknowledged by real estate men to be
the first point OF endeavor In any effort look.
ing TO the resuscitation OF the market from
It's present lethargic condition. But how can
1t be Accomplishment This Is still the pressing
and unsatisfed inquiry. Mayor Wickham's mes
sage referring the subject to the Board OF Alder
men brought with IL hope but not solution. The
trouble lies not with any incertitude regarding
It's necessity to which that Board might address
itself In the matter OF inquiry, not In respect to
its feasibility nor the obtaining OF capital 10 build
the work upon such basis as would give full as
surance OF quick repayment, nor popular support
nor even the opposition OF the various contrary
interests to It, but upon the antagonisms existing
among the friends OF the much desired improve
ment. They are an integer in favor Of rapid tran
SIT, out
as to the means Dy which 1t Is to De attained. A
real estate journal supplements some remarks
made week OF two since 10 this column anent
this very difficultv as foliOws:"The lat atty that
has pursued THIS important question Is, doubtless
mainly due to the opposition enaendered between
rival projectors. Que Ol the leading movers Tor
rapid transit long since informed that capital
could De abundantly provided TO successfully COM
and the prospect OIL ln;erminable lawsuits. He.
pei sOnaly, was willing TO waive some OF his
opinions and abandon certain theories, but did
not WISH after considerable expenditure oil time
and money, TO be left out OF all combinations Tor
securing the desired res9,; me same eemng;
hereafter TO be initiated must, therefore, DE upon
q ground OF concession, keeping steadiy IN view
the prominent purpose OF benefttinQ the manicl-
pality and community. Rapid transit we must
have, even II every interest heretofore concerned
Ia Ignored and the capital invested Is sacrificed"
There Is truth In This. and scheme. however
futile II may appear on Its first suggestion, should
have the wet blanket OF Indifference thrown upon
1t until 1t has had lair cnance TO present itself to
puolc notice. Besides
ALL AGITATION OF THE SUBJECT HELPS Us FORWARD
to the inevitable conclusion. One thing thus FAR
Is settled-we must have rapid transit. The next
point which Is now under discussion, and toward
agreement, is, some people must benefit bs it more
tnan others When we have fully mastered tnat
pons asino,wn, and are prepared to apply the
principle OF our democratic form of government
to this thing so as 10 do the greatest good 70
the greatest number the chief difnculty Will
Itself bring about such . contamination 1t viii
relieve the Board OF Aldermen or the graver
Il cannot be accomplished In day-that we Know.
II Ihey were large interests thai had to be deal!
Tnited upon the broad demand Tor rapid transit
plan or that great desideratum they are an OBJ.
structlon. Mayor wickham has done the best
maIly INTO the hands OF the Board Of Aldermen Tor
digestion. Representing all sections OF the city,
ss 70 WITH his
cure unanimous support TO any single scheme.
That unanimous support, or nearly sucn, the op:
:appor the BosfS
dieting aims, purposes or Intentions Of the
interests adverred to 80 az TO oring
them an into harmony upon, some pracnc.
acheme 1 uerhQDa In legislative
capacity md way 10 orce them into acquies.
cence y not support. Il would seem almost as Y
OF this city tnat great boon rapid transit and the
tired roller as ne works his way up town OF an
bresthes such an aspiration a. 70 for o snort
term q the third Napoleon ana Baron Rauss.
GREEN STILL STICKS
is frequent remark In real estate circles and
before tuat observation rapid transit, uptown Inn.
provements, the spring market, fresh activity IN
real estate, IN TACT all pleasant isncies pertaining
70 TITS market. fade from the mind 'tke the base:
bis continUes existence 10 sSs Once Of COMP
troller has long since been relegated to ns realms
Seiinss dsmocrss nor republican Win only per.
sonalisy ana an uaplea.ant personality &C that no
.. s 81 Ss9D r..
Court lndaes 70 become HI: clerks 2. aISiting
man, Governor Ttden, to walk hsliingy, while he
OF the city OF New York" 1t IL o curious
phase In local pollric: that would be
a great incubus upon the real estate
interest. Here Green Is worse than panic, De.
cavery Even the vorss in thai ca sI has ls pSar
side, because when things are at their worst they
are sure to mend. But
except his removal and until that comes every.
thing must remain watcnfal but qulescent. 1t
seems absurd that In q system OF government like
ours such man could be maintained In guC0 O
position, TO the manifold detriment OF so many
Dc m s ads 0 s
Ger never even having received their suifraRes.
Yet there Green Is. Explain 1t VINO can. Toe iol-
scrption list, made up chieny Of real estate own.
ers and dealers, shows how Green fs
We aucte:-srhe compile t,on Of Tue west side ave.
nues and the new parks Is now OF stirring lmp0r-
provements We're STATED IN advance Of their time
and without careful. regard to the requirements Of
popu alton. they have, however. been carried to
laid Tor which common justice only requires com.
pensation. The increased rsxaole value OF property
repay the outlay. and, 1! no other reason existed.
the dtsorganized and incomplete condition Of our
east sids also claims attention Harlem ana its
vicinity seems destined to become 4 local point
Tns centre 81 the s lie: a. tho
communication II soon TO be attained, or prospec.
tive improvements on the East and Harlem rivers
become complete, TINS locality WILL equal, n IL does
not exceed. any otner IN Importance
These Two subjects being disposed OF In 90 iag as
they are regarded In thls Market VIZ. rapid
transit and Green, there 10 little lett ~ pe said
The market balts. The solution or either or these
problems would stimulate II 10 certain degree
have the greassr effect. Rapid transit withou:
Green's removal 10 regarded asa very remote
possibility, wnue Green's prompt removal would
be REGARDED a. the very best assurance OF rapid
transit that could De Inrnisned. The Rsal Estate
Record u saturday has the following u refer.
enco 10
THE BUILDING xARKErs:-
"Tbe cry OF dull trade ana depressed markets ID
BY no means limited 10 domestic circles. Abroad
matters are very much IN the same condition
that they are here. and. 10 certain extent tney
may Do regarded ~ worse. as indications OF re-
wing confidence ana sounder business transao.
lions are not as apparent - nero. Revulsion. to
q great degree, has been OF more recent develop.
follow later. Labor difficultles IN England have
attained more prominence, and disaster and de.
tnan with ANY chanQaa tor fha hAtiar. hoy