, 1879-02-05

necessity. NJ the trains on Third nycnue arc
often inconyenIcntly nscrcrowdctl.
Notwithstanding the r.or Ut the winter,
tt'ousAHde Of hands arr husr With llfQ0fng aud
tun,llng foundations on Eighth avenue ami the
boulevard. An immense contract fnr thc from
work on Second avenue has been ma.1c, and tl,c
completion OF this line has been promised by
September next.
rllr shares nf the Now York Elevated Rail.
ROAD Company. which 4 ycar ago could he
bought tor song, arn sold now ut il0.--that Is
to say, with premium Of 10 per ecnt; md the
: per rent lK1nda Ut the rUa,1, which in Hep.cn-
n.' 18Th sold Mt ubout u, ara now quoted nj
The real estate In itc upper part OF The city,
nnd IN the virlnitt Of tlH. toiia, whtrls . frar
ago was nearly unta1able, has nearly doubled 10
value. n,ih, ns II by magic. wlstte ruEs OF
houses ne going up where short si,nc ago no
predicted tint nbout 100o houses will bn huilt
during the prgscnt yrar III the ttEatrict mrn-
tioted: the New York }trud few wceks ago
printed list OF 4s0 nearly lui.l,cd; an'f great
New York and settled tn tllr Villages Ut
New Jersey and huburDs OF f'raoklyn. driven
away by liltl rents and vcxasf0'ls tlclnyin rcach-
turning nov, a" the Increase in pon'aIaton, it
1870.
Such arc tic Mntcntahlc facts and contcqucn-
uuestion, VIII MI elevated railroad be desirable
f"r ChEcaEof SHOULD command at 1cuat m
carncxt considerations.
Chcngo, twenty years ago, Ind q population
or nbout D0.G00; Ii counts npw about TOO, ,O0);
will Il be Impossible hut twenty rCars hence fts
Inhabitants will number lntItdnl
Chicago. Ike New Fork, Is q city Of dtstanctf,
hnt un![ke Manhattan Island, wlicrcupon New
fotk City - built, It expands In al directions.
Meanwhifo the pccultnr formation Of Mail
haitian Island. from eight to fifteen mss long
nh only Que tn Two miles Tldc. torces ali thu
elevated railroads 10 run south anh north: Il
min oiu.t Il tttlr
its branches n,tf Fa,nitlcatfuns In all directions
Taking map Of The eli y III hand, one branch
may 70 down south to Hsde Park nnd Suutl,
Sfue FArk, sentfug uu Hne to t!e Stock Yur.ls,
croHsinE the canal over to the West Side, se1ttt
| Ing spurs out southwest and northwest, per-
haps to Harlem, aIKl uniting In II main line
running east III to 2uutl, Chicago River, From
lie West Eide, crossing over tu tic Nnrth CHI
cagu River to tin North Side, running north
perl1apA to Lake Vew, anl gning south ngntr
to tsc C!liengo Rivcr main hrancl'. Truly this
enterprise would be Il great one, Hlnt would c0st
money. but, In view Of The experience gained
mn! Facts established III New York, should say
It deserves m earnest Intention.
Ironwork Df The stylc needed, which before
lhiB was abont II cents per pollt1, II contracted
now nt three cents per pounl; labor Is cheap,
and, altogether, the present time sceMs to be
well adapted to start tllts cntcrurlsc.
Should Ia Ch.caSn, the Empire City Of the
West. will, Its energetic Inhabitants, popular
subscription OF $5} per share not result With
furnishing The capital required, give q frcss, ttn-
pctus to Tho development Ut tic Eartlcn City
arHt also yield tnndaolc profit to far.see-
lug and cnurretic mcni 4 NEw.YuaxEn,
Who iired from 1867 to 1Sdo In Chlc4go.