The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-12-17

726 of such establishments. with an in
vested capital of nearly twenty-three
million dollars, and turning out a product
Of thirty-seyen million dollars. tSee Ex-
hibit L, as complied from United States
census.1 The fair inference from these
figures is that the local business Of Jer-
sey City is about fifty per cent. of that
Of Newark; nj needs only cne-half the
facilities for local freight The same
railway systems enter these cities.
In Jersey City the main terminal prop
erty of the Lehigh Valley Railroad is
valued by the State Board at s., 13.7T:
this is not for local purposes. but ~entireIt
for interstate commerce. The local reigh
depot of this system is at the corner of
Pacific avenue and Grand street; it IS
valued at $3.50, and with tracks in-Y
The Newark freight yard Of this COM
pany used entirely for the locality is
assessed at si14. 95s.
In other words Jersey City furnishes
out of its local ratablss about the same
proportion for local purpose as Newark,
but it also furnishes for the purposes OF
the country at large. thirty times as
much.
The Pennsylvania terminals in Jersey
City are assessed by the State Board
S5,l7S, ESQ., their local facilities in Newark
lexceeding that Of all the other roads,
are valued at S2S6, 504.
We need not multiply examples. saas 81,
Blu say the railroad counsel, Jerseyt
CITY and these water front lands. wouidA
a9vsf nave been developed but forLheir1
In the first place, Jersey city ives moA
to its place in the sisterhooa 81 cities
surrounding New York harbor than.to the
State of New Jersey.
All of the land surrounding that harhor
has increased in value more rapidly than
Jersey City. Brooklyn without a single
trunk line has increased IN wealth and
population, with much greater rapidly;
1t has reclaimed more acres OF land 5ind5r
water by private pnfArurf1a thor ho x46~*Io
railroads. in Jersey City, and covered the
same with factories. and warehouses,
taxed at full local rates. And yet Brook
iyn has no trunk line of railroads
New York has reclaimed mora nv
private and municipal enterprises than
have the railroads In Jersey Civ. and
derives from its water front a princely
revenue. Take the other cities ii HUDSON
county. Hoboken is only touched Al one
corner by the railroads, its REMAINING
water front has been Allied, locked ana
made the seat of enormous foreign trade:
It has also attracted large manufacturing
industries.
Its 1850 feet of water front are assessed
this year for local purposes at local rates
-, 42S, go out Of a total valuation Of Sz7.-l
The Commission viii recall the insns
ron OF this Hoboken property froaN
The water front on the KIN Won Run
the city of Bayonne, i've miles from
Battery. has been taken up br is~gs
c~nenteai, copper and kindred indnstrid
furnishing employment to labor and ma
ing tuil Local taxes: This property i
been reclaimed. locked and Improved
much the same manner as ira rs5ITn4
pFoperty IN Jersey City. Emmett Smith
re surveyor of the city, testified beforsy
tire taxes of the city WAS received frar,
this Constable Hook property. and t4aas
the advent Of new railroads seeking ter
nl.nais upon the .stifl u-ndsveloped shore
front was looked ar a -S.kE-ssS