New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-15
HOW VALUEs HAVE INCREASED.


Mathew Anderson. a scochman, who has lived IN
the district above the Harlem for thirty years having
seen the place transformed from wilderness to Us
present growing prosperity. that the outlook for
ths Twenty-thIrd and Twenty fourth wards IS brighter
at present that 1t WIS before.
There has been increase In the value OF property
in the two wards above the Harlem River OF 30 pr
cent during the last three years. said he and there
IS such steady increase all the time that purchasers
will be surprised year hence az the results Of invest
ments made at the present time or In the summer
In no other part Of New York will there be such
marked increase I'm the price Of property during the
next year or two years VIII bc noticed in the
biz wards. II Is bound to be 50: II will be impossible
to put stop such movement who in.
vests at present in NewYork City property above tn,
Harlem River cannot make error. lie (, sure q
double his money II he holds the real estate long
enough and the time will not be long. either The
facilities for great manufacturing establishments
extensive. and the business interests are increasing
rapidly that IT Is becoming necessary to have greater
tran sportation facilities for freight The Harlem River
Railroad Company has discovered the city's need and
at Wcstchc-tcrave. will build large freight depot
There Is much freight to handle at present that the
company cannot take care OF IT with its present
facilities. Tho company has bought II large tract Of
ground for the buildings, there Is no doubt that the
improvement is TO be made.
THE Commissioner Of street improvements cannot
bc praised too much for the excellent work which he
has done since he has been I'm Office Politics has not
entered into IN" work under him and consequently
some good has been accomplished. The property
owners In tho Twentythlrd and Twenty fourth wards
the real estate men and business men generally know
that the Commissioner Is earnest in his work ana they
icci 'hat INIT part OF the work is in safe hands.
RAILWAY LEGISLATION
Z" Another thing which will Increase the boom, I'm
real estate In Our district In fact which has already
Increased w. Is the making law Of the Union Railway
bill. When the Governor signed that hin hc mazda
n law which will be farr,achng in II, rcsults for c
people OF thS section. 1t will have decided effect
upon the growth Of the Twenty third and rycntv
fourth wards and We can look forward 10 a boom I'm
affairs here IN" Hike of which has never before been
Known. II" vast territory To be- improved north OF
the Harlem VIII demand the expenditure by our prop
erty owners OF sum to meet which will severely
tax them but In the end the results will be pbenom
cna'
Ky this additional legislation which MIR. Anderson
speaks OF the Union Railway Company gains chiefly
three objects Ii may consolidate It's capita Stock
and property with the capital stock and property OF
any other street surface railroads In the Annexed Dis
tnct OF New-lork and IN Westchcser County and
with street railroad whose southern terminus IS
not more than 1000 feet south OF any bridge across
the Harlem River 1t may increase It's capital stock
TO an amount not exceeding -, 100000 and II may
increase It's Issue OF bonds
Bedford Park Is Of the many pretty places I'm
the district above the Harlem which have superior
advantages and unrvalled attr,c tons Bedford Park
Is In the Twenty,fourt Ward and requires only II
personal examination III order to convince that
It's popularity among homc-buldcrs and investors Is
genuine and well mented. The causes which have
them be readily recalled It's easy accessibility by
frequent trains and low fares It's beautiful hcalthfl
and nsprne s"rounangs It's exquisite rural scenery
ments It's VIDE "elEgraded and beautifully shaded