New-York tribune., 1902-07-20

blocks. and the type OF the properties controlled
they would not have to borrow miI@ions @ 6
from the concerns which have been the principal
would be independent OF such money sources TO
ertes ar ensaere5 t b. even though the prop
Investments, costs large sums OF money II they
the great lenders instead Of borrowers and thus
they VIII make the great profits Of the former. or
ing out of their building Operations thew win
save at least in each transaction the sums that
they would have paid for loans Then thev viii he
ther own builders realty agents and managers,
and sums that they would under usual conditions
pay to builders for directing the construction of
iecting rents, and TO managers FOR managing nTop-
critics. would be placed on the credit side of their
some OF the greater realty concerns may be the
owners owner OF marble and granite quarries. OF
and manufacturers OF various kinds Of buiidine,
stone and other qaaes e and PrG5f of an nj 6h
I2etbnrers bt, of building supplies. They would also
5 builders sanitary plumbers, electricians and this
and kept under the direction OF one management
b1dcL bs bpians drawn for the Improvement Of the
Ehrod%w5y th t plainly show it is generally thought.
sands of tnat may be used for saving thou
mum. mum. Ihe details Of these plans. which We're
printed In The Tribune yesterday, show that it is
Rr3posed TO have one plant for supplying heat and
ten ar ~ or GI & sne buildings IN the block instead OF
ttioI ~ tioIe such plants one In each building This
innovation IL is thought, Will result in saving the
sum, sum needed 10 operate about six plants. Each
only one sIperinfendnt fr III tb T,iiii [ W. ~ r &
Ihe advantages which the proposed greater
realty companies expect have over the smaller
companies by owning whole blocks In various parts
or the city are many. Perhaps the principal is
that the average annual income IS not likely
suHrr great fluctuations n the blocks in vari-
GUS sections OF the city. For instance, II a
PhuX owns block Broad and Beaver. another
a. ".Hty tnlrd-st ana Ftfth-ave. and another in
Long acre Square and there was a great demand
Tor 9nc"H al Broad and Beaver and little demand
az twenty third-st. and Fifth-ave. and in Long
acre square. the rise in rentals in the Broad-st.
section would likely offset the decrease the other
sections. and the expected desired yearly
efaEe would he maintained
by many persons the realty companies OF to-day
nueHcss H. the market or course, there are hun
dfeds " real estate operators and others who
Just as conservative. just powerful in their own
sphere Or neif. ana just great builders and I'M
LT"tefS on certain lines. the real concerns.
] ne greater realty companies expected 10 he
ETsater powers for good than those OF today.
some people 20 bs Of the opinion that the
great property owners have the public Of this city
/ IA their grasp n the great owners decided 10 do
/ away with apartment houses other types Of
buildings which the public liked there would soon
De no apartment houses Then the public might be
/ compelled 70 live in dark iathOuses ruled over by
irate 5anitOrs- This opinion Is Incorrect
The realty corporations and other great owners Of
property usually striving day after day 20
learn what the public wants and how best 70 sup
ply those wants Each year the public seems to de-
mand Il nItic more in the way OF comforts from the
owners or property ror a which would nave
been considered rldculuuEiy small in previous
The public IS now demanding greater comforts in
once buildings and this demand the greater realty
companies viii probably be able To meet when new
realty methods are used by them.