New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-18

OPINIONS OF AN EXPERT REGARDING
VALUES AND PROSPECTS
THE CONSTANT INCREASE OF poPULATIoN-IM-
PRovEMENTs MADE by TIE CITY
GOVERNMENT

pRovEMENrs MADE by THE CITY
GOVERNMENT.
There are probably few men in New-Yorx better
qualified TO speak regarding real estate and its
values than Edward A. Pearson of No 81 Liberty
St He has been actively engaged I'm the realty
business for the last thirty years and was for
time second assistant secretary of the Equitable
Life Assurance Society having charge of its
bond and mortgage department AT present he Is
engaged in buying and selling real estate and
I'm negotiating realty loans. and ne is employed
by the city and others in giving expert testimony
as appraiser of realty in reference cases Speaking
Yesterday TO Tribune reporter on the general
condition OF the real estate market Mr.. Pearson
said: The signs of encouragement are many and
gratifying. II il easier for the real estate interest
to emerge from the stagnant condition that has eN-
listed for all business since the Barring Brothers
failure in 1891 than for other large lines OF bust
ness, because values have been maintained on a
higher comparative level than in other lines There
has been no such disaster in real estate in New
York City az has been caused I'm railroad business
by placing of thousands of miles of railroads
in the hands of recevers within the period named
The population of this city Shown 10y official
statistics and by other evidences is constantly in
creasng. 1t 10 estimated that on the average one
hundred new persons sleep in Newly rk CITY every
night who have never lived here before. Each one
requires shelter food clothing transportation and
ali the other requisites civilized living. and each
necessary provide these requisites Brooklyn
has fifty sixty persons every night, and New
York City gets indirect benefit from that increase in
population.
Generally speaking the real estate business OF
this city must always be good after this. because
slight diminutions OF interest in IT, which may
occur from time TO time Will be OF small impor-
tancs now that realty has been thoroughly estao-
lished in the confidence Of discerning people a a
place for investments. after such test OF values as
the recent stagnant period has given. New-York
City viii undoubtedly become. III my judgment. the
.eadng city Of the g.obe, ana ! would Ike TO come
back here fifty years hence 20 compare it with
other prominent cities such as London. Paris and
Berlin see IL this prediction would not be fui-
filed Its harbOr. climate ana people al favor SUN
belief IT is pity that me a.snlty OF Suen Po-
sitiOn as New-YOrk holds naturally j. not more
fully recognized. and local pride correspondingly III
THE city government seems at present anxious
TO recognize the neeed Of permanent Improvements
Of value bV its many proceedings for the estab-
lishment of new parks anu schools and the open
Colonial park and Fort Washington Park. on this
island arc comparatively unknown as 10 then SIT
uatiOn and extent. and yet the city IS aDoW 10 eX-
pend millions Of dollars in their improvements. me
speedway has become better known because OF the
news respecting quarrels over contracts, plans,
etc. than these others. which are OF equal lmpor-
"A greater knowledge or the part of people Of
moderate means who do not drive much of the
beauties OF the present and prospective improve
ments OF the island north OF One-hundreu-aiid-
tieth-st would be a benefit to taxpayers all over
the city. 1t would tend to keep here many persons
who now move to New-Jeisey, Long lsand ana
As to values OF realty look for a steady increase
throughout the city. do not regard taxes as eX-
the amounts are petty. SO long a. the money is
honestly and integeutly expended