New-York tribune., 1901-09-22

realty conditions have changed In the last fifty
years." he mused
II was a lad fifty years ago. he said. but
though young then. was placed in such surround
ings get a good impression of conditions in
the realty market My father real estate
dealer. and in the part Of the city in which he
lived he was intimate terms with nearly every
property In those days realty men knew
one anothers business pretty well. If my memory
is not faulty l recall the leading realty operators
acting at that time as If they were members OF
one great family all the members of which were
pulling IN direction.
AN operator in those days usually had a leaning
for dealing in properties in the part of the city in
which he was born. He seldom stopped to think
OF the possibilities field for real estate In
vesment of some of the districts of the city which
were nothing more than long stretches or waste
land. He cared little to get beyond the limits OF
his own home district unless he was sure OF being
well repaid for venturng on unfamiliar ground.
Those were the days when the majority OF opera
tors. brokers and agents had remarkable knowi-
edge OF the value of real estate near their hohes
or offices and knew little about VaiuetiohS eise-
where some of the operators in those days sa"
tho ,reat fields for realty Investments, anu IL wa
,boso onerstors who bought at what you wouiu
nou, call n nominal sum large plots in the upper
part of Fifth-ave.. in Harlem in the olstric' aoe
West Frfty-ninth-st. and beyond the Harlem RIVER.
7 vividlv remember an operator who had invested
largely in parcels above East and west fiity -Iii'
t orce visiting my fathers office and there meet
ing n real estate dealer who was Oh ,he oPt''' %
that few apartment or fiat houses wou.u oe ou'''
above the Harlem River within hunoreo Yeas
he also Thought that Ffth-ave. from Fifty-ninth-
e. m One Hundredth-st, at least. would never az
tract tho men with large of money to invest
in houses for their own occupancy, put tha' "
would be n tenement house district lie toiu the niii
who had sunk considerable money In upper fi'h-
ave parcels that those were unwise investments
in his opinion and referred to him as dreame-
Well the dreamers dreams came true, ana ne
lived to see splendid private dwellings, punt on
his parcels and to reap handsome pront from MS
Investments. When the other man VINO coulo not
see the future development of the real estate mar
,t a,ea no was no better off financially than when
he made the prophecy about the F1fth-ave. heish-
borhood And he lived some years after the VISIT
to my fathers office. In fact. the DOOM io' ri'
ave property was when he died.
What do you think or the reai es'a'e i
of to-day" was asked.
"Whv real estate methods have improved WONDER
fully he exclaimed. lin the last forty years. oi
course the realty operators do not seem 10 De Oh
such friendly terms as their predecessors. This Is
attributable. ! believe, to the fact that 'he feai
estate field is so big operators see less OF one
another than they did some years hsnS fhep.
there arc MANY specialists in the real estate Held
There are nnce mortgages others make
Speciality OF taking Of estates OF rsn5iny boW
nc @ ana an bo% o invest Some Of giants in the
realty market are are sopd d an a. is these men who have
nrevented false realty booms and have helped III
many ways to bring about the present healthy o0"
ditions.'' ... ao ro, think
will happen? -, ..,- ,,-sv from, the
realty market of such 1t is true tiat ne. .
henerciaI influence may be eclipsed for tne .h, p
if such thing should happen the power OF ma I'm.
influence would he greater when II woui9 pe a.
felt In the real estate market All hi Smand
mand that there be such men, and as thlS oeniaiiu
will grow as the realty field broadens it VIII a.un
more men with mental powers for quckS siassPiiii6
and solving realty questions ana for Ha'i'a'iii's
a healthy market 80 ra,I estate men
knew one another's business To-Day you may nay
Lnowy what n few men about, and no more, uli-
less they want tell YOU IT Is TINS ho
ahnu. onerations which attracts many persons MJ S
love to study problems, and if there is any Heiu %
which requires much study as ,ns feay i 20 sums ms
sncass n m,ret be in which much greater suuis
are at stake and where fortunes can pc sWePl p
ow,,. or mnde in a minute The lives OF tie ma
iority Of men once important factors Srx III
he yyeaitv world and who are dead tel a storS
that ;s worth remembering. Their success vas ou9
- bnrasty co1rteousness and q cieaT hseu,
TO men who because they spoke harshy
kho" 'sitnr ssi lost a commission which would have
amounted TO 5000 each: Ana they ohiy SPoNe
about three harsh words