Daily capital journal. (Salem, Oregon) 1903-1919, 1906-07-07
NEW YORK LETTER

New York; July THE read estate
craze shows no abaitement. The saw.
ings bank people are trying 10 discour.
age it as it is drawing down their de
posits and they are making all the
little difficulties that they can without
absolutely refusing THE money TO their
depositors or boHowers with the best
securities And now the diamond men
are complaining. Their market for
their glistening and cleaning gems is
sensibly weakened, because great
many have gone into real estate in a
tamporary way. In all circles dealers
report THAT people are selling their
diamonds in order to buy real estate,
and the sales are enormous despite the
summer heat is upon U.S. Real estate
agents and b1okels are coming money,
and taking SUMMER vacations, some-
thing some of them have not enjoyed
for many years. Others are even TAX
ing European tours, and are all dress
ing better than they ever did in all
their lives Rial estate is truly the
god of the hour and indeed is mostly
so all the time, for New York real es-
tate has always paid whenever held
onto. A man with enough money to
hold property can not fail to profit,
and that heavily by it. Buyers are
sprimging up from all lines of business
and occupations, and even some of the
newly imported immigrants have al
ready put some of their funds into
New York real estate. Subw ban prop
erty is decidedly boomish, and it is
poor day that does not witness the
birth Of now suburb, somewhere on
the river or heights c. in the valleys.
The suburbs are doing the most snowy
business. but old New York, the solid
old town. is quietTy doing the most and
the best BUSINESS.
Meanwhile, however, one would
think the town had gone into sackcloth
and ashes on account of dts sins. Block
efter block uptown has all It's resi-
dences boarded up as to their fronts,
and with windows and doors out of all
resemblance to their former propo--
tions and looks. One walks along these
streets as one would walk through a
forsaken city of the dead. Our best
citizens, as they are called, meaning
the bil1ds of passage who stop perhaps
a week in town when they ale not due
att the summo1 resorts or THE winter re-
sorts, and who seemingly have no
home, thus dhface our finest streets,
and proclaim to the world that their
only interest in the town is to stop
ovdl night, or perhaps when they have
an extraordinary fit of staking, for a
MONTH, then they fit, and while they
are away they leave their city in a
most distressfully appearing state. |
This is SADLY to be regretted.
New York is fast becoming show
place, and as IL is the most comfort |
able hot weather Heso in the world, !
it has many visitors, who go around
looking up it's beauty spots. And when
they come 10 these boarded-up houses |
they groan in spirit. Unhappily there
is no one to tell them who the owners |
of the property are, so they can not
do the work that the cibizens want |
them TO do-cuike them, by book and |
bell, but especially by name, What |
night has a man to disfgure his prop |
orty just because he ism t there to look
at the property himselfl 1t should be
made against the law for anybody to
thus disfgure his property, and there
should be declared legally that the
has CO tain inalienable
right 10 possess so much of the beauty
IF the houses as will contribute to the
public pleasure. The Scriptures declare
that no man hveth TO himself alone.
md so does not a house in a beautiful
stand to itself alones but for
he joy and happiness of those whose
yes can gaze upon iti Presumably
he owners board up these houses dur
ng their absence to keep burglars out,
nut the necords show that the burglars
ind them soft thing, and luxuriate
n the bod ldel-up house as sot apart
peciaIfy for their enjoyment and emol-
Iment.
New York has girl of about Is o.
A who can play baseball as we'll as a
10Y, and who does play it, too, every I