The Sunday tatler and Jersey City express. (Jersey City, N.J.) 1883-1886, 1885-05-17

Cove, below the bluff of Weehawken is a
more advantageous terminal site. Then
comes Castle Point, and south of tin
Hobokea-the steamship docks and Ho-
boken ferries are located. The valuable
terminal lands are on the sh0l front south
of these points. and stretch over IA, 900
lineal feet of territory. Of this stretch
IL, 900 feet are used for terminal lands by
the railroads; 800 feet is in possession of
the Morris Canal and Banking Company;
800 feet, of the Jersey Associates, thus
leaving about LOCO feet in the hands of
private owners The tract stretching south
beyond that from the Central yards to Con-
stable Hook-22, 900 feet-has frontage
mile and half inland, that will be valuable
in time for railroad passengers. OF this
10000 feet is owned by the Central Rail-
road Company of New Jersey, and its twin
corporation, the American Dock and I'm
proyment Company. The Central Railroad
front was, like this stretch, particularly
available for filling purposes, because of its
being an extensive mud fiat covered by
shallow water. And in that respect, it has
an advantage over the more northerly parts
of the Hudson County harbor Having
thus pointed out the natural harbor adj
vantage of the Central Railroads frontage,
Mr.. Harrison proceeded to make compari-
sons with the prices paid for water front
throughout the county by way of justifying
his valuation of this particular point The
TATILER will not follow him out in his
comparisons, but some figures that may be
studied with interest were given by him.
The West Shore paid for 1886 acres in
the northerly end of the water front area,
$500, 900 or $23, 438 per acre. The West Shore
and Chicago road-defunct now-paid for
IL cd
of 241 and 16 1-3 acres at the rate of $25,-
600 and $2S, 900 par acre respectively. The
North German Lloyd Steamship Company
paid SIZE, 900 for the front at Second and
Third streets Hoboken, at the rate of 1884,
900 per acre. The Hamburg Steamship
Company in 1872 paid $279, $50 for A. 703
acres at First and Second streets Hoboken,
or at the rate of $50, 1852 per acre.
Henry Oelrich, in 1870, paid for six acres,
partly under water, at the foot of Third
street, for the Bremen Line of steamers,
$3.50, 600, or at the rate of $50, 600 per acre.
The Morris and Essex Railroad Company in
1881, paid to the Jersey Shore and Improve
ment Company, for 35 725 acres a total of
81, 800, GOO, or $50, 1856 per acre, and inn
mediately mortgaged the property to the
Farmers Loan IL Trust Company in New
York, for the full amount of the purchase
money. In 1869, the same corporation had
purchased IS 877 acres just north of the
tract. for $3.50, 900, or $4,000 per acre.
Sam Sloan in 1868, purchased 1922 acres .
just north of the last mentioned tract, tor
1915, 900. or S24.600 per acre, buf neither
this deed nor the other mentioned just be-
fore it conveyed the Riparian right. which
was subsequently secured from the State,
and in the deed for the last mentioned
49, - ,krsn -
the location of a ferry there is inserted.
The same restrictions runs in the deed by
which the Morris and Essex acquired title
to 16l acres at the foot of Seventeenth and
Eighteenth streets, for $50, per acre, or
SAFE, 900 in total. TIE witness gave other
valuations of Jersey City water front with
which the readers of the TATTLER are
reasonably familiar. The property of the
Pennsylvania Railroad at the foot of First
and Second streets was acquired from
Carrot E. Winants, for $3.50, 600, including
the State grant-about six acres at $73, 6l3
per acre. A tract at the foot of Bay and
First street was got for $175,0 900 as the
rate of $31, 734 per acre. The water
front for the piers south of the
Morgan street dock, where there is no
filling, was got for 100000 The city owns
it. The New Jersey Railroad in 1872, ac-
quired TAG acres at Steuben and Greene
streets for $3.50, 00O-at the rate of 500, 092
per acre. The water front at Morris and
Essex streets was transferred by j. FL.
Gautier in 1868, for $3.50, 000-at the rate of
1924, 600 and more per acre, and $500, 900
has since been refused for it. Matthiessen
s. Weicher's secured their .43 of an acre at
the foot Of Washington street from Jersey
City, for $43, 800 -or at the rate of $1,000
per acre. In view of these transfers, the
experts deemed it safe to place one section
of the Central's terminal lands of 81, 421
acres at $4,000 per acre, and another
section of about SO acres further south at
$25. 900 per acre. The total valuation fixed
for the two sections is $6,04l,1 100.