New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-05-31

proving such cities as New-OrIeans. in spA =.
the yellow fever, smallpox and other epide,,c,
on the ability Of the brains here to lessen fno,
onliterate the conclusions favorable to such.pi
denies was not misplaced II was OF the tsht
kind.
Builders investors and spectators n.ust,-
sumo certain risks. and some OF these risks in
be due to their opinion as to the realty groth
Of the section in which they have invested. b.
guldeposts for the future most people Ioo<,o
the past
Real estate history shows unquestionably th-
the opportunities for real estate success a.
to-day just as great as if not greater than the
were years ago The country is growing tina
are prosperous the majority OF people a.
happy and science and art are winning ne,
Iaurels continually. Where are the signs tina
times will soon be bad and that the upgrowtl
OF the country is to receive serious setback
Nowhere absolutely nowhere
It is not easy to answer the question OF WIN
these times present equal opportunities IN realty
fields with if not better than. the earlier Young
days OF the market. A man who sets out on a
Journey must have reliance in his ability 20 reach
his destination and to accomplish his Object
without confidence In his own prowess he would
be poorly prepared TO do what he hopes and
expects to do and his want Of faith IN himself
might bring ruin. The old and young men
who think that the city or country has been
overbuiIt and that the opportunities FOR sue.
cess in realty fields are small should turn thei-
attention to some other line Of business. In
their very makeup they untitled to Re part
or parcel Of the realty market.
Many years ago. when Twenty-th1rd-st was
considered to be a long distance north os the
heart Of the city. the owner OF a large tract OF
land at Gramercy Park decided to improve his
taLra TCoLxf
Improvement The northward movement then
was slow-so slow, IN fact. that extraordinary
measures mad to be used TO quicken the move
rnent. One Of these measures was 10 offer
titles to small parcels free and clear if the ore
who received the title would swear that he
would build a house for his own occupancy on
the property or would improve It IN such
way as to enhance it's value. That is taken
from the writings of some Of those who lived IN
those days and who wrote about the conditions
existing then. They show how little condolences
was placed by the general public on an early
and profitable development OF what was then
the outskirts Of the city. The lack Of confidence
may have been largely due 70 the poor transit
facilities then Trolley and elevated railroad
lines and cable roads were unknown in those
days With these vehicles Of IocomOtion towns
and villages which were not long ago thought
to be a long distance from the centre % the
city are within easy reach. Moreover. the cost
Of journeying to them Is much less than some
years ago. Owing to these facts. the demand
for lots in nearby towns and villages is consid-
erably greater than when it was long. ts-
dious and costly trip to get to them. The de-
mand for property in the suburbs is growing
rapidly and the value Of the real estate Of the
towns and villages has risen to unexpected
marks in recent years.
Similar conditions prevail throughout the
country Remote villages. towns and cities
have been brought close together by the build
ing of trolley lines or by better railroad faciii-
ties Every such Improvement. except in those
Instances where a rapaciOus railroad company
has laid railroad or trolley tracks on a road or
avenue which should never have been used for
such purposes has had a general beneficial e.
feet on real estate. Who say how much
closer towns and cities will be brought by fa-
ture developments OF the trolley and railroad
systems and especially by the automobile?
A well known man Of conservative mind re-
Gently said that he thought it would not be
many years before there was almost I'M
broken line of spIendid1y built houses along the
Atlantic Coast from Maine TO Florida. or. in
other words a city extending from the north
to the south limits of the country The sans
writer also said that It would not be long be-
fore the whole of Long Island was thickly
populated. Thesasbrilliant pictures of the future
may be full of false cOlOrs. and. therefore prac-
tically worthless. But 1t is self-evident that
large tracts of land are only just being opened
up by the building of trolley lines and rail-
roads and by the offering OF cheaper fares
The better towns and cities united by thess
means and the greater becomes. under ordinary
conditions. the business life of the places az
fected- Has the business Of any city or town
been known to be decreased by extending trolley
or railroad lines so as TO tap outlying districts'
No such be recalled. In this real
estate prosperity Of the future il is almost 4
certainty that young men Will share largely
and Will be well paid fl a financial sense.