New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-01

dwelling houses of labor, this for a manufacturing
quarter and the other for a residence paiH 80 81 IN
logic of events. authority OF any KIND put .T5t
man that is the god OF the machine" one hardly
knows which to admire most. his wondeIIul t i5
Just where certain things should 90. his holiness
and pluck in stacking up his money on t Ii JIuS
ment, the self-restraint that keeps nm f iiU
sacrificing 10 natural desire Tor pronI tl@ ~ H.
OF The community Oh %tlvI ue as ds a y,boIe shows
as much civic pride However New-Nork may naNe
5ggi OF her trade manufacturing and
residence districts there is no question thilt ~ re-
sight ana civic pride of the real estate man ana
builder. sometimes styled speculative O4IIuSi.i
Eew-YorI's magnificent West Side and her beauu-
full sylvan residence neighborhoods are the NlS'"e
evidences OF this.
II must be borne in mind that in most Of thcse
ventures millions have 10 BE- buried III tIe
sntiv sa!d in the shape II grading and paving, and
tagging streets and sidewalks; laying water mains;
eiectricity: planting trees and shrubs and lawns;
that the services OF eminent eIfh . anu ,,
scape gardeners must be utilized that the tNpe'-
sivc services Of architects and builders must he
inland al purely and entirely on the Judgment or
this real estate promoter. And auppQse ne mas
S.ur@s? Or suppose him TO be absolutely right in
his judgment of the eternal fitness of things in
placing his venture in certain spot. is there not
always the risk that some sordid enterprise VIII
anchor beside him. 10 use him as an advertisement
to said ventures great detiimfnt If not certain
ruin? Compare his adventure; his singly supported
adventure prof acted through his foresight planned
by his extraordinary nerve, with somewhat SINH
lar enterprise outside. Take. FOR instance. the
thriving city of Atlanta When it
hamlet. the great Calhoun. Judging solely by its
advantage Of site-it lies in the gateway" between
the Mississippi Valley and the Atlantic Slope-prc-
diCted that IL would be. at distant day, Il great
Southern city. Calhoun esteemed a prophet
in his section. and thousands went there and
each contributing his mite. undertook. an asgre-
gate whole venture that might total in impor-
lance that of our New-Iork real estate man. Had
Calhoun been mistaken. these thousands would
have divided the loss of the capital staked his
Judgment: the city would have faded As so many
other attempted cities faded. into the limbo the
past. and Calhoun would have been
blamed But the real estate man'G ruin would be
certain, his loss rretreVable his adventure a phys
fCal blot upon the city and his memory condemned
And yet be seems almost 70 give the lie TO the
prOVerb. 1T - human to err: at least New-YOrk
thus far has no complaint against him or his
works. Take him his best-nOt when he de-
teTnines 10 plot improving plan some
small neighborhood, for that is scarcely test Of
his powers; but when he assumes to plan the des-
TIMES OF "A whole district OF New York. a district
that would give footing for the average city of
United States. lie, perhaps has many millions
behind him. but there is a limit to them. and the
misuse OF them means the end OF his credit with
those that furnished them Is he doubtful? Does
he hesitate? OH no; he knows he Is all right
and goes ahead. dauntlessly and CheerfuIy, with a