New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-09

DANGERS FROM THE TIDEWATEf'
CREEKS.
STEPHEN H. TYING, JR., SAYS THAT THEY ARE
RESPONSIBLE FOR MANY DISEASES WHICH
ARE COMMONLY LAID TO BAD
PLuMBINo-vALyE OF REALTY

AS AN INVESTMENT.
A hroker who for the last few years mas zee"
consnicuous in real estate Is 3tepnen H. t>hg, J'.'
AT No. % Pne-st Mr.. Tying In he 'n'er'F" "'".'
follows introduces an idea when 20" oe''o"' "
taken into account. He speaks OF s!''. "
natural arteries which permeate the ia''u oI '"
haitian Island with tide waters, ana u'He' "o
saws are productive of certain diseases OF oron-
chial or pulmonary nature. n Mr.. Tynss views
are sound and they seem to he based on eNoehen'
grounds there Is work ahead for the Heai'" ~
partment
Mr. Tying says:
81 find that the market for real estate is con-
tinuay broadening year after year. Ne" III
vestors come into the market, the results OF 'he
active efforts OF intelligent progressive prokers
who are at work among that class or oaptais's
who have an inherited prejudice again't all lo'ms
of realty and cling to the idea tnat there can Only
be security and stability in railroad ard co-cpera-
tive investments.
Various causes are at work 10 keep these
brokers in their missionary efforts, and once an
investor reasons for himself. 20 soon he Is con-
WINGED that his security Is equal to any govern
ment bond. only with this difference. that he buys
his parcel OF realty FIVE per cont security, al
par with an assured appreciation OF his prircipai
greatly in excess OF any depreciation due to the
length OF life OF so-called bricks ard mortar; ne
is his board OF directors. trustees. STOCK
holders and II necessary. reorganization cor-
good five per cent security pays n good premium
FOR the same and nets on his Investment about four
per cent of his security. and despite all the mort
cages, deeds OF trust, etc. reced In MS Doho' II is
based after all simply and solely on the honesty
and integrity OF body OF men, The fallib'lity OF
such in the past few years has been sauiy
exposed
ITO illustrate this more forcibly a client OF mine.
a retired railroad man. for whom l had invested
several hundred thousand dollars In business prop
erty. having induced him TO take his money out OF
bonds and put 1t in real estate. came into my OF
fee the other day and said that he did not expect
to live many years longer. and thought that ne
would sell his real estate in order that he might
leave his property in such shape that Il couid
be easily divided. ! asked him his prices and
placed the various prices on my books for sale
then turned to his ledger account and showed MIN
that had checked to his order an average net
rental of six per cent IN his investment Tor
period of five years during which time he had been
abroad and taken only little active part In the man.
agcment Of his properties. simply asked him TINS
question During the same period what amount OF
risk to your principal would you have had to incur
10 gain such return your capital? Furtner-
more have you among oil your other investments
any securities OF an equal amount which nave
have not suffered a serious fluctuaton? Whereas.
even under the most extreme fluctuations at any
hoardngs could have been sold out without loss
| and at private sale good pront could have peeh
realized | still managing mis- property ana
have heard nothing further about any change In his
Unfortunately in the best class OF business prop
erty, and i; is with this class that have most to
entertain them, owing to the large amount usually
involved. but think that the, time is not far dis
tant when securities of small denominations Will be
offered TO the small investors based on the security
Of New-York realty equal IN Every respect to
bility uncertainty OF income. bother and annoyance
a am real ssa are IapS Of oper
tors ready TO purchase any desirable parcel at fair
creased ACTIVITY and ntelsence Of the success
broker of the present day. coupled with his closer
have been active agents In bringing this result
about - 49,
far interesting to the capitalist than the cold
synhetica statistics OF other forms Of investments
history and development OF our own metropolis
and the knowledge that we have yet many years OF
growth and progress before us. Take a series or
maps of the city beginning with 1872, add 10 this
collection of prints and photographs of the thor
oughfares and buildings even within the last twenty
years. and one gain some slight idea OF the
The constant Increase in the extent OF the various
sion in territory occupied. encroaching on the
other in eccentric circles and driving each other
different needs il a most interesting study for the
investor when he considers the various uptown
Another question of vital importance in business
and dwelling house property Is the charaS,er 81 the
fact that the island on which We live Is honey
combed by network OF udewater creeks. where
the regular rise and fall OF the tides bring under
our feet quantities OF germ-breedng matter to work
It's way through the sol, and into our houses caus-
Ing typhoid and other fevers which we have always
put down to defective plumbing l have never found
my map showing these combs to fail In determining
the cause of the large amount OF sickness prevail
in certain localities. at the same time indicating
the old swanps, Marshes ETC., that have long since
been filled obliterated, but still retain their
dangers to public health and the difficulties In Sc
curing good foundations.
"It strikes that there are many fallacies In
the attempts 10 boom various localities II Is as easy
TO make water up hill as to divert trade which
Is dependent largely on passing crowds, from the
natural thoroughfares street cannot be made
main artery of the city unless II has natural inlet
ana outlet for traffic beginning somewhere and end
ing somewhere. and unless II Is artery. retail,
trade cannot thrive unless In those mammoth de-
partment stores which through their various meth
DDS OF advertising might be in any location. their
trade will TO them"
IMPROVEMENT IN LOWER BROADWAY.
| 1t Is proposed to improve the property now known
as Nos 90 and "a Broadway. The in this