New-York tribune., 1910-06-05

water suitable for light draft. vessels only.
/ is fairly well built up or both SIDES, ana
properties are strongly held.
on the Queens side only can erect track
connection be had with the Long Island
Railroad. Deep water and rail facilities
/ are available to a limited extent in The
/ Pronx on the East River shore, and this
| section is being rapidly taken UP. In Rich
nond Borough. along the Kill van kuH.
/ deep water is to bc had with rail cOnnec-
/ tons for a short distance. but the bulk
of It Is occupied by important manufactur-
| ing industries.
! In considering. waterfront properties OF
New York Harbor mention must be made
| of the New Jersey shore Of the Hudson
River and of the Kill van Kull. as vel
as the Hackensack meadows. While not
within the city Of New York. yet II IS an
! integral and most important part Of the
port Of New York. on the Jersey shore OF
the Hudson direct track connection may
be had with trunk line railroads radiating
to all parts Of the country.
/ New York as Por. and It's Needs.
New York is now the worlds leading
shipping port. Antwerp second and London
/ third.
| The percentage OF growth in ten years
was 564 per cent for New York 81 per cent
| for Antwerp and 22.4 per cent for London.
For the fiscal years ending June 20, 1901,
| the total exports and imports in New York
| Harbor reached the enormous sum Of near
| " $. 800. .OOO.0OO, or more than 80 per cent of
the total imports and 90 per cent OF the
total exports in the United States. II you
add to this almost equal amount OF
merchandise and factory output. we have
the SUM Of more than 5000 OoO.O10 worth OF
goods handled by the water and land car
riers terminating in this port. Competent
authorities have estimated the cost OF
handling this tonnage in New York a more
| than s33 100000 annually. OF which al least
one-half might be saved II proper facilities
were provided. The present methods OF
| lighterage is not only fruitful OF delays.
uncertain. dangerous and cumbersome. but
! 1t is expensive and handicap 10 the
growth and development OF the commerce
/ of the port. That IT has increased in spite
Of such disadvantages is due 10 other
4 causes
| Civic bodies and the public press age con-
stantly calling attention 70 the fact that
New York must provide adequate and eco
nOmicaI facilities for handling freight If II
/ is to maintain its supremacy. And herein
| lies an opportunity for capital Other ports
on the Atlantic are making great strides
| In the development of their commerce. De-
| spite it's natural handicap. Montreal also Is
making a bold challenge for supremacy in
| the ocean carrying trade. and has spent
many millions in modern docks, grain eie-
vators, dredging and lighting channels
Here the waterfront is controlled by the
British crown, and Is developed along
/ ,cyr-
ception of a great seaport so far inland
from the ocean of itself alone challenges
admiration.
1t has been stated that in the year 1909
no less than tw.rty full cargoes OF wheat
/ sold on the New York and Chicago ex-
| changes left Montreal for European ports.
! Has Ono of the Finest Harbors-
| And yet New York has one Of the finest
\ harbors in the world. Aside from its nat
ural increase in population and wealth.
/ and the attendant increase in commerce.
the completion of the upstate and Panama
canals will enormously increase its water
borne traffic. but facilities should be pro-
yided for business that is now being lost
| to New York. The city has spent many
million on its new piers. known as the
| Chelsea Improvement. but not single
| road.
There is urgent need of sufficient accom-
modations for vessels in close relation 70
railroads, warehouses and labor markets.
with land not TOO expensive for factory
purposes. and yet within a reasonable dis
tance of the business section Docks and
warehouses accessible TO ocean going YES
sells, located where direct connection may
be had with railroads. would effect a large
saving in handling charges. secure cheaper
factory and warehouse rentals. and result
| in greater dispatch of business
Demands of Manufacturers.
There is constant and growing de-
mand from manufacturers who wish 10
locate in New York for properties having
water and rail facilities Improved prop
critics of this character are scarce and be
coming more valuable II is expensive TO
/ improve these properties separateIy-in
I many cases prOhibitive for ordinary lines
of manufacturing, For capital there is
offered an attractive opportunity 10 de
veIop these properties on Il comprehensive
scale. where a manufacturer could secure
/ just the size Of property required for his
| business and not he compelled to either
take three or four times the amount of his
needs or locate elsewhere And this they
are often compelled 10 do. Manufacturers
do not like to attempt the Improvement Of
such properties-it is foreign TO their
/ business. and in many cases the time re-
quired for Improvement precludeS such an
| undertaking. They are willing to pay more
| for a property ready TO 30 upon. and the
/ value Of waterfront properties increases
s...rs.u.z