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

worupgman has his comfortable cottage OF four ~
nve rooms the rent FOR winch seldom exceeds $50 or
for English capital. The same cheap rents NAV
be had IN nearly every city OF the United States
to De satisfied with len per cent on q permanent
investment In real property The northern SUB
nros OF New fors must compete WIN me ntne
In the matter OF cheap homes and rapid railway
communication II we would keep our producing
Another thing. No expensive scheme OF rapid
transit viii nay one per cent on It's cost OF con-
time comes TO do so, bearing IN mind the best
route ana the lowest possible cost OF construction.
No robbery, but build the road IN the interest OF
the public. / am informed that the London
metropolitan railway cost such an enormous sum
alone received tine the extravarant nav Tor his SER
wees OF Sl,500000 00.000). Philadelphia 10
ss rents are cneap and rs
ours Is concentrated. Baltimore has its steam
tramways along It's wharves ana piers. commune
eating With Its main trunk lines leading to the
West. The same may be SAID OF Boston. At each
OF these places merchant or shipowner
run It into cars and transport IL
to It's destination at much smaller cost than 10
goods ana In transportation Ia working a great
Injury to the prosperity OF New York. The diner
ence Is so great that when ~ Is saved to the West
ern producer anu merchant 1t leaves him quite
large margin OF profit. He VIII not come 10 New
them three. Jour or ave per cent cheaper in any
OF our sister cities. Why Is 1t, too, that many oil
our resident manufacturers no do their buSl esS
In New YORK establish their factories III Newark
and IN Connectic employing large numbers OF
working people there instead oil our nome popula.
laiionY Simply because they save money py II.
They can manufacture. handle and transport their
ware and merchandise for one-third less than
they could In this city, and ali for the
reason that we have Jailed 10 correct the abuses
existing here and 10 exhibit the proper public
spirit ana enterprise to keep pace with our sister
cities. and enter with tine 0ldtime zeal OF The
KnckerbOcker days Into healthy competition
with mem in the great race for manufacturing me.
cnanical and commercial supremacy. Let us push
this rapid transit then, to successful and practl.
Cal result and by Keeping our skilled artisans
among US, by providing them with cheap fares and
healthy abOdes outside tenement houses Ia New
York, her onward marca To prosperity Will have
no rival on this Continent claiming for itself the
title OF Empire CITY. IL viii have It's legitimate
no time In taxing the steps necessary To make its
entire area OF land available by rapid and cheap
transit.
The present city horse car companies during the
year 1874 carried ll0.500 900 passengers or "a
over three times the population Of the United
States. with q nominal capital OF so, 000, 000 or
$780, 600 per mile they earn and pay dividends.
rapid transit road. suited TO the times, with COM
Portable accommodations Tor Its patrons get It's
share of so large business Why would not the
property IN the upper wards IN time quite equal
in value the tower wards OF the present DAY. On
the competition OF the Hell Gate Improvement
every loot Of the East River water mont will be
mace available TO commerce, and Harlem River
Will be made a canal TO take the place or The once
contemplated snip canal, to be constructed by toe
Manhattan Ship Canal Company, and inauguratsd
years ago as great public necessity.
A. A. DRAKE.