New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-14

world is the ideal location TOT the manu- :
facturer who produces goods for export
In addition. It is the largest consuming !
market in the Western hemisphere. the
financial centre Of the United states, ana
tho greatest labor market. But manu-
facturers do not like to attempt the I'M
movement Of these properties II II can Do
avoided: II involves work with which tney
ara entirely unfamiliar, and IN most hn-
stances II is far more expensive to improve
these properties singly than would be the
case IL large acreages were TAKEN UP ana
developed in comprehensive way
Manhattan Island is practically ali oult
IN on its shore front and the re" parcels
obtainable are too valuable LOT ORDINARY
Industrial enterprises. In time IL VIII al
be used for transportation purposes Even
noyy there Is little open wharfage Inc
Hudson River side is now pracucai'y al
occupied by the great transatlantic hhefs'
railroads and ferry slips
Piers along this shore are leased TOT !ohS
nerIods. with renewal privileges, and are
very difficult TO obtain. This Is the most
yalua hIa water frontage in New YORK Har-
Dor. --'
AIona the East River.
The East River shore OF Manhattan -
occupied by some Of the Sound steamers
public docks, ferry slips and number OF
nrivate enterprises, while the Brooklyn
shore of the East River from Ssth street
N q noint about opposite 18th street, Mali
haitian is almost solidly built up Win
great warehouses and industrial plants. TO
rho north as far as Astoria there has been
luttIe DEVELOPMENT. and this shore propaoy
will he used only for local purposes unless
thera should be some railroad extension
into that territory. While the New YORK
Connecting Railway is 70 cross the river
on a high bridge above Little heH "a'7'
no plan has been made to extend its line
along the East River front Ne"to"h
Creek is a sluggish stream dividing the
Boroughs of Queens and Brooklyn. IL has
railroad facilities on the Queens side only
end there are many important en,eFpi
located on its banks, and properties here
are strongly held The depth OF water III
Newtown Creek and the width or the chah-
mel preclude its use for deep drait VeSse,s.
In ,he Borough of The Bronx practically
all the waterfront having direct ran CUM
nect,on has been taken up. These prop
critics have enhanced enormously IN Naue
within the last few years on account OF
the rapid growth Of this borough. Id sum-
instances properties have douoled a"'
tripled in value within the last zen yeS sae
| Richmond Borough. or Staten islann' has
- large waterfront. and is destined 10 be-
come the great manufacturing district OF
greater New York. Staten Island Sound
divides this borough from New Jersey
This is a protected stream open AZ al
seasons OF the year. and has chanhel OIL
~
one feet at low water.
The last river and harbor bill carries Win
II an appropriation for survey OF thls
channel. preliminary 10 report as TO inc
advisability Of deepening the channel 70
thirty-fve feet at low water, Some OF tn'
most important financial interests arc
urging this improvement and not only ,he
present but the growing commerce OF THIS
immediate section justifes II. Althous"
the New York side OF the sound is prac-
ticaly virgin territory. the New jersey
shore is largely occupied with great indus-
trial enterprises. the majority having oeeh
esta blished within the last ten or twelve
years.
Staten Island Sound is the second most
important waterway in the United states
the value OF commerce passing through u
annually exceeding 100000. When rapn
transit facilities are given TO staten islaHu
, by means of a Subway connection TINS sec
ton will offer unexceled facilities in the
way of deep water, rail connections and
accessibility to the financial district. Here
can he found ideal conditions for manu-
facturing-deep water and rail facilities
and land at reasonable prices, with cheap
ground i'm the rear for workingmcns
! homes This is destined TO be the great
manufacturing district OF the city, and
offers very attractive opportunities for
speculation and development.
The New Jersey shore OF the Hudson
River north of Communpaw Flats 10
point opposite West 73d street, New York
City. has all been developed, with one or
two exceptions The property on a portion
| of this shore is second i'm value only IL that
| on Manhattan Island. North OF the point
mentioned there are many large enter
prses, and the few remaining properties
south of the Edgewater ferry are held at
high prices. This property is within free
lighterage limits accessible TO ocean-goins
vessels and has direct track connections
through a terminal railroad with all trunk
line railroads in New Jersey. Some OF
these properties are suitable for the highest
class development as terminals. with large
piers, bonded warehouses and factories.
on the Passaic and Hackensack meadows
there is a considerable area 81 land suit
able for factory sites, ana some or II IS
| now under development. The principal OBJ
| jections that are urged against this sec
| ton are the obstruction TO navigation OF -
| fered by the numerous railroad drawbrldges
! and the great difficulty OF maintainlnS any
depth in the Newark Bay channel Newark
! Bay is approximately two miles wide ana
shallow. except for the channel, which IS
, about 300 feet in Width.
| North OF Constable Hook on the New Jer.
| Sey shore is a section largely in conUol O.
railroad interests and one Of the best suited
! for freight terminals. The distance from
the channel and the great cost of improve
! ment preclude its use for factory or ordi'
nary commercial purposes
Thus II will be seen that there are WITHIN
the Narrows and from Raritan Bay nortn
TO Newark Bay properties suitable for every
an inviting field for development
| Great profits may be made by using suci
land as a spoil area for the dumping Q.
city ashes, eXcavated material and street
| refuse. And IL is In the development Oh
these properties and the elimination or mo
rivers a barrier 10 rapid communication
that another vital problem OF New YORK
City Will be partially soved-the congss
ton of streets by local or internal tranio'
| \ great many manufacturing enterprises
| as well as warehouses. Will be offered So
| perior facilities off Manhattan Islam
There Is now no economic reason why JOY
bers shippers sholld not have the,
storehouses and distributing stations on tne
| nearby waterfront. In close relation 10 t"'
| railways OF this port.
In the development and reimbursement y.
commercial facilities to keep pace WIN ,n'
/ growth of this immortal of the Ncst-t