New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-24
SOME RENIRKS or 4 GROWLER.
HE WANTS TO BE ABLE TO WALK HOME AFTER
WORK AND RIDE on FREE FERRIES.

HE WANTS TO BE ABLE TO WALK HOME AFTER
WORK AND RIDE on FREE FERRIES.
1T makes me SMILE said man who owns house
I'm nearby suburban town OF established growth ara
population Z" to read In the financial columns Of the
newspapers that money IS almost unprecedentedy easy
Just now that the reports Of the city banks show
large amounts Of capital lying idle Mt present, when
All the time | am utterly unable TO borrow money on
my house at less than per cent. Nobody questions
the security the mortgage offer is first one. and
while plenty OF people willing to lend me the money
at per cent, nobody seems 10 be willing 10 take
per cent In the suburbs though they willing 10 lend
At that rate on city property.
THE truth u that many trust companies, trustees
ETC.. are bound to lend their trust money only upon
cy property that people who have capital to lend
outside the city take advantage of that fact My
property lies few rods outside big city.
our streets are better lighted ard better
drained, the water is much better on my
side that imaginary line than on the other. and the
taxes much lighter: yet cannot get money on
my house at less than per cent and my friend
and neigbor who is almost next door, has no trouble
In borrowing at five. Capital does not seem to me to
be 20 idle or money so plenty aS might be supposed.
Now here's another thing continued the speaker.
which / would like to complain about. II you donS
mind my growing. ell ~
Not mt ALL answered the writer. aim used 70
it: rather Ike ii. In fact Growl away
Well then, consider how mucn TIE CITY oi Ne"'
York has paid to erect the Brooklyn Bridge. why
docs IT not do something Of the kind Tor staten
Island Jersey City, Iioboken. etc.i 100
expensive to build bridges to these cities you say
Bn, there are other ways tan bridges ana luhheis'
Why does not New-Yorli free ferries between uose
cities and its own piers tell YOU 1t would pay hef
well in the long run and would be great conveyance
10 thousands OF her own citizens.
Then. again, when rents are so high In New-fork
that pcole ride for miles ard miles mp into Harlem,
on fine ,lowra1>t elevated roads, after work Is over,
only 10 live in narrow nats. where yOu could not
swing n eat without damage = the furniture. Why
don't build more aparim houses and
fats downtown | tell yon, sir, thousand apart
ment houses ten fifteen stories hich. erected below
Tonrtecnths on the West side. with elevators running
dny and night for the convenience Of tenants, would
ali be filed at once with people OF moderate means,
Who do not care for style ana yet live respectfully.
stores and warehouses could be on the lower SIX
or eight nCOrs OF course. AM apartments above.
Then "A man could walk home after business
hours and living up high. he would get pure air too.
There is plenty Of property downtown which is not
having nearly enough rental when y0u consider the
value OF the land it stands owners do not like
TO build any tall Office buildings for fear that
the demand for them Is already nearly satisfied hut
there are apartment iI-es on the west side down
town that not full all the time. and
there Is for many, many more, the
rooms were bign enough above the streets to lesse9
the Of trafa which gesounds there sU DAY loos>