New-York tribune., 1908-06-28

expense OF construction work is also much less IN
Jersey fields than IN many other places within
similar distance OF this city and having equal
realty strength If the builder Of cottages and
other types of residential structure New Jersey
hse more money channels from which to obtain
the necessary sums TO carry out his projects the
conditions under which he could continue active as
developer Of suburban land would be almost per
feet II not ideal in many he IS forced,
owing to the rastness the demand his SER
vices, TO operate small margin and 70 depend
q large extent the aid OF a few money lend
erA The money lenders frequently charge him a
big bonus for the loans.
BONE BURDENS PLACED ON BUILDERS
In this respect The New jersey builder. however
is not now more burdeDed than the builders in
Manhattan and n the other boroughs Of this city,
for everywhere at the present time large bonuses
are charged for building loans But such condi-
tons are not likely continue much longer. The
money lenders are beginning to realize that the
Gay distant when men Of experience
who desire TO improve .fre tracts Of land in New
Jersey with modern dwelling houses will get al
the assistance they need from individual invest
ors, and that they must look with more favora-
bic eyes, II they desire TO remain IN business, on
any project plan which viii help 10 enlarge
the activities Of the New Jersey builders, TO whom
great credit is due for what they have done The
New Jersey builder has also had to contend with
The industrial growth throughout the great sub
urban zones IN that state In a large number OF
the heads OF manufacturing concerns nave
received every possible attention from banking and
financial circles while the builder OF homes has
had 20 get his financial aid from outside districts
II IS likely that 81 he been able TO continue
active on a large scale and the manufacturing ex-
mansion had far overshadowed the residential
growth, banking and other circles more favorably
inclined 70 the manufacturing plants would unques-
rjonably have been forced to make favorable over
lures 10 experenced builders OF homes 10 help meet
the demands for houses in their various sections
In the money channels Of New York. so far as can
be learned. no distinction fayoritism is shown
There the builder Of dwelling houses apartment
houses loft and Office structures meets an equal
footing the projectors OF manufacturing establish
rnents needed by various either 70 enlarge
their local business homes 10 find suitable
home for themselves IN the greater city All the
local money lenders ask before deciding applica
tions for loans is whether not II is safe Tor
them 10 become identified with them
FACTORIES FACTOR IN REALTY
STRENGTH.
Manufacturing establishments add in a large de-
xree 10 the realty strength Of any place, because
,tev furnish avenues Of employment for skilled
pnd unskiIed workrnen- As IL is necessary for the
,os,ordtv OF the employees to live the factory
.,,e~ the building of huch plants results in the
,rnrovenent OF large areas Of nearby land suitable
.o- .r,ch sorknnen and their families Figuring
,,rn,nentIv ,n the realty strength OF the greater
~s.v vtu na found It's great manufacturing sno In