Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-09-09
G0THAM'S WEALTH GROWS.
Sum Equalling Entire Wealth Of
Smaller Nations Added to
This Year.
Fifth Avenue Planning 10 Eclipse
"Great white Wny."--Most Pro-
fjtable Fence in the world.
--OId-t time Sailing ship.

New york, Sept 1.-The value Of New
York property has increased almost half
a billion dollars during the past year.
At least that Ia tho conclusion 10 N"
drawn from the figures of the new as
sessmcnt rolls which show an Increase
Of more than 800, odo.oo over last year
Tn increase is attributed entirely TO
rea' estate and lust about equals the
toll Of the personal property OF the
citys' inhabitants so far as the assessors
have been able to determine II for tax
ing purposes This inequality Of course
II due ia the fact that no method has
vet been discovered of making wealthy
citizens divulge the extent of their per
sonal holdings. Many of the most famous
New York fortunes do not appear NJ all
on the tax lists. :heir owners claiming
residence in Rhode Tv1e-,d, New Jersey
or IN the suburban districts about the
city IN New York state. In the case OF
realty. however which cannot convcn-
,entlv move across the North River. the
total price set upon New Yorks area,
now amounting TO six md one-haH bill
Hon Of dollars. invites some striking
comparisons For instance It is larger
than the combined valuation Of the ton
cities coming next in population after
New York. u is greater than tho total
wealth NJ Spain, Belgium, Holland
my excepting the six leading foreign
nations II is greater than the debt Of
any nation IN the world and constitutes
roughly one-fifteenth Of the total wealth
Of the United States In tho light Of these
statistics II seems even moro remark
able that Father Knickerbockcr with
this enormous sum to draw upon finds
II 80 difficult to pay his heavy running
expenses and to make tho improvements
that are demanded o, him.
For at least few nights in the near
future Broadway's fame as the Great
White Way will hc comparatively
dimmed by the brilliance Of Fifth Ave-
nue.. This will be during the Hudson
Fulton celebration at the end of the
present month. A feature Of the celcbra-
ton will be series of nigh, parades and
for these. night will literally he turned
into day along the street OF the -Four
Hundred From Washington To Arch to
Central Park the avenue will be fes-
toomed on both sides with strings Of elec-
trio lights In addition to its ordinary illun-
nation. More than twenty-five thousand
electric lamps will he employed with
million. The lights. which are to be
strung from poles twenty five feet high
set one hundred feet apart. VIII form
only one feature of the decorations
From each pole will float the orange.
white and blue flag. which Is the official
emblem OF the celebration Festooms and
garlands Of flowers will form an almost
continuous bower along the line OF
march. the whole being thrown into
strong relief by the brilliant illumins-
t'on. In test Of the lighting arrange
rents two blocks We're illuminated a
few nights ago with the result that il
WIS possible to read n newspaper IN any
part NJ the street. Electrical illumination
Is to he made leading element ~ the
Hudson Fulton celebration in all its
parts but probably no other feature will
equal the beauty Of the city's most
fashionable thorouEhfarc when deckcd
ont for its part in the pageant
fence is usually source Of expense
rather than an income producer but New
York is about to have one which not only
will he Unique in this respect hut will
Weld its owner the handsome revenue
~ $3.50 year There have been many
instances Of spite fences erected 10 ey-
'l"oe uhoeS'ra"ie ne'shoors or - force
we safe or property. ana some of these
nave oten OF unusual olnehs'onS' hit
th,s Is IN" FIRST case on record Of a fence
of such proportions built purely rs m
investment us erection comes about
1nrouGh the fhct that IN building the
Williamsburg h'ldge across the East
river between Manhattan and Brooklyn.
IN" CITY TOOK all of certain piece ~
property on the Manhattan side facing
the bridge EXCEPT narrow ribbon of Ia nd
three and half feet wide and sixty |
seven feet long 1t was obviously impos-
Foble 10 erect any Kind of an ordinary
structure on this remarkable lot and
there We're no adjoining propertv-owners
10 whom il could 10 sold Tile randholder
was rescued from his dilemma by m |
architect friend WHO proposed the cree
'ion Of n huge fence hfty-nve high 10
extend the whole length Of the not This |
plan has been adopted and tho surface |
Of the fence Will be rented FOR the dis
ADVANTAGEOUS position for this nurnoee |
vince II faces the bridge over which hun |
lrods Of thousands of persons mass Thus
from his diminutive holding tho owner |
~ the lot will get a surface area ~ |
something less than one-tcnth of an
mere which he can rent and from which |
~ will receive an income of hundred
md fifty dollars n month or az much ms |
n house brings