The evening world., 1909-03-06
GOOD TIMES FOR
REALTY IN RUSH
Of IMMIGRANTS
Tax Figures Show That Each
Newcomer Adds $500
to Assessed Values.

Immigrants are the good luck omens
Of New York.
When aliens flow In bv thu hundreds
If thousands II Is q sure sign OF ex.
panding business prosperity. When the
tide turns the other way It means hard
times.
Such has been New Yorks history
not that immigrants bring prosperity
out they ride In on the waves OF pros.
perity Just as the petres ride the storm,
and they do not go Out until depression
is near. Just as rats desert the sinking
ship.
Immigrants are streaming through FL
lis Island again, and that IS one strong
indication OF returning prosperity.
More than $4,000 Of them arrived this
week. On Tuesday alone four steam
ships came with over 5000 Storage pas
sengers The North German Lloyd line
has sold 1900 tickets to immigrants
Tor immediate use, and ageots OF other
lines say that an immense immigration
has started The spring rush was fore
cast in The Evening World early last
winter.
Each Worth $1,000 to Realty.
More than 20 per cent. OF the imml-
grants seek homes In Greater New
York Their arrival In itself means no
small addition to certain lines OF busl-
ness, for they must be fed and housed,
To real estate the immigrant bring
more direct prosperity than to any
other industry. President Purdy of the
Tax Bosrd AaLd in his last report: ION
the average, the Increase in tho value
OF New York land amounts to $1,000
and In taxable real estate TO Sl,50O, for
every baby born"
BY this, the Commissioner meant
that realty was enhanced that much by
every addition to New Yorks popu.
lation. An able-bodied Immigrant Is
of more economic value than q new.
born baby and there is no doubt among
real estate men that every new i'm.
migrant resident adds at least 81, 800 to
the assessed value OF realty,
Immigrants effect this enhancement.
In a multitude OF ways. Not only do
they have to be fed and housed-for oil
OF which they must pay, thus adding
to the volume OF such business-bul
they must wear clothes and consume
other com modites, They enter business
at once-either as laborers or as buyers
and sellers-thus adding to tho general
industry.
Real estate In particular is prosperous
when immigration is heavy. Immigrants
overflow their old districts and force
neighboring residents to move into less
crowded sections. This, ny congestion
raises rents in the old centres and also
IN places where the overflow seeks new
homes In fact, the immigrant move.
ment eSerts continual pressure OF ex.
pansion upon both residential and busl.
ness districts.
All Eager to Buy Land.
Immigrants, too. are eager to become
land owners, In most foreign countries
tunities for owning land 1t is not so
IN New York. As soon as they begin to
save they begin to look for real estate,
They buy In localities where they have
become familiar with values and many
seek suburban properties. Their buying
contributes important forces to ali
branches OF the market.
Real estate operators saw the renewed
mood OF immigration indicates that their
market Will show cumulative prosper
ity during the next few years, Fiat.
house districts are affected in particular
because they feel directly the rand
changes In population pressure. sub
urban home sections are next to benefit
by II because they get the overflow OF
older residents from newly congested
oity neighborhoods.
Two Million In Eight Years.
New York lost nearly 5000 net Of i,s
Immigrant population In lso7-lsOS as
result Of the business depression which
caused homeward flight of alens
Since 1900 over 1000 900 have made homes
In New York State, and nearly 100000
have settled In the metropolitan district
immigration reports show that Is per
cent. OF those who give their des,ina.
ton as New York State settle around
the greater city. The State got ia. $50
In the year ending June 80 1901; iS0'25O
in 1902, 236779 in 1903 250.s1s In 1901, 2S3, 0SS
in 1905, 3ss, 1872 in 1905. 3s4.544 In 1907, 2il,-
A3 In 1905,