New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-05
HAS IDEAL HOMES
Some of the Features Of the
Palisades Section.

The Palisades section opposite Grant
Tomb was almost a wilderness thirteen
years age In other words. the entire pls-
teau of the Palisades north OF Woodchri
Opposite seth street,, was practically unin-
habted
The Palisades steam railroad had at that
time just laid its line from Weehawken, at
the ed street ferry, Horth to the village OF
Coytesville, near Englewood. The road was
afterward changed to a traction line. II
furnished inadequate service. but as good
as its traffic warranted
Access to this region was further had by
way Of the 1oOth street ferry and trolley
running to Fort Lee. then operated by the
New Jersey g. Hudson River Railway a
Ferry Company. and at the present time
operated by the Public Service Corpora
ton.
The entire surface Of this plateau of the
Palisades was OF rocky formation, but
thickly covered by beautiful forest. with
trees of virgin growth and Of unusually
hardy nature.
The trees seemed to thrive exceptionally
well. in the sparse soil there, so that this
section so near 10 the great city OF New
York and capable Of being served by such
good transportation, lending itself to such
a picturesque suburban development, was
inviting to the realty operator.
In May 1899, the Columbia Real Estate
Company, or rather its predecessor, or
which it was the outgrowth, made its first
purchase Of approximately twelve acres d.
rectly opposite Grants Tomb, laid out It's
first street. Grant avenue. and named the
development Grantwood- on Hudson.
Grantwood now has population of 1900
some so dwelling houses, stores. two
school buildings costing $1,000 each. FIRE
houses, police department, town hall, Ma
sonic Temple, and all other public improve
ments usual in town Of that size.
The company added from time to time
other properties in that vicinity also at
Edgewater, Hudson Heights and Morse
mere.
With an excellent sewerage system, high
pressure water plant. gas and electric
light, all at a reasonable rate, Morsemere
is growing rapidly.
Morsemere was founded in 1901. 1t occu-
pies beautiful tract Of land on the ridge
ad Joining the west slope Of the Palisades
II is on the line OF the Northern Railroad
OF New Jersey
To-day the town has a population OF over
1000 nearly 200 homes postofhce, schoois
and other modern improvements
There a bungalow colony was established
In 1910 The colony occupies section at
the foot Of the west slope Of the Palisades
Those contemplat ting the purchase OF or
building for themselves moderate sized ana
moderate priced bungalows Of the California
" ne for all-year-around occupancy will be
we'll repaid by visiting the section, bearing
in mind that II lies within six miles OF ga
street and Broadway; that It's transit routes
include high speed trolley service from
the both street ferry every fifteen minutes
and also good service on the Northern
Railroad Of New Jersey TO New fork by
way Of the Hudson Tunnels.
Morsemere has five miles OF sewers, seven
miles OF concrete sidewalks. curb and gut
ter and five miles OF gas and water mains.
Buyers get all the benefits Of these inn
provements Their property will never be
assessed to pay the cost Of them The
entire cost has been met by the Columbia
Real Estate Company. the founder OF the
town.
The Columbia Real Estate Company is
one OF the OLDEST real estate w
Grating in New Jersey suburban property.
Their last annual statement shows their
assets TO be nearly S4,000.000, and they
hpve capital and surplus close to 100000.
The company is very cautious and conser-
vative in its statements and makes no
promises that II is not prepared to fulhl.
In addition TO giving the purchaser the
benefit OF all the impro, ements mentioned
the company takes every precaution to sur
round its customers with every possible
safeguard In giving them title TO their
prcperty. and besides giving them full
covenant warranty deed 10 property sold
bv 1t furnishes a policy OF title insurance
issued by the North Jersey Title Insurance
Company OF New Jersey, which Is foremost
among the title insurance companies of
tho state. guaranteeing a perfect title to
the purchaser free and clear ~ all III
cUmbrances.