Newark evening star and Newark advertiser., 1912-10-19
AMAZING STRIDES
IN C|TY'S GROWTH
Mercantile and Industrial Inter-
ests Increase Real Estate
Valuation.
NEWARK POSSESSES MANY
NATURAL ADVANTAGES
Building and Loan Associations
Have Been Big Factor in
Development.

In all the business activities of the
city of Newark, without doubt the
most amazing progress has been made
in the lines of real estate. During
tie last decade, and especially dur
Ing the past three years, there has
been noted a wonderful growth in all
departns ents of city life that has re-
bounded to the one department of
real estate
With the advancement of Industrial
and mercantile interests and the ex-
tension of transportation facilities
thousands of houses and factories
have been erected. resulting directly
in the phenomenal prosperity Of
Newark real estate.
Transportation Facilities.
The coming Of the McAdoo tubes
TO this city, of course, is a standard
reason for the advance in real es-
tate prices. The advent of the tubes
1t will be said, has brought Newark
into competition with Long Island,
Brooklyn and other near New York
sleeping quarters for the place of
honor as recreation ground for the
metropolitan tired business man, This
may be true in part, but Newark's
growth was the reason and not the
result of the tubes Inauguration.
Stragetically situated Newark was
In the natural path of New York's
development It's natural advantages
due to it's position on the Newark
fha ln0ipaI m pTpial
ante-room of the country's metropolis
and the wonderful growth of its real
estate values is an evidence of the
appreciation of the comercially-wide7
awake of the fundamental advantages
possessed by this city from their
standpoint.
No other reason could be respon-
sible for the mushroom growth OF
Newark. Newark is not the product
of q boom or series of booms. Its
growth has been rapid and VIII be
swiftcr yet, but values are not nor
ever we're inflated. Sites at Newark s
vantage points command prices equal
70 those of the most valuable terri-
tory in New York city. A running
foot at Market and Broad streets Is
almost as unpurchasable as one in
Trinity churchyard, in lower Broad
way. There are those who Will say
this value Is unwarranted; pessi-
mistically shaking their heads, they
will direfuly predict slumps and dis
aster. The same thing happened
when the far-sighted scion of the
house of Astor outbid less canny
competitor for the present site of the
Waldorf A storia. "Therell be a
slump they told themselves, these
disaster DISORDERS, and so there will
be, but not before the Singer tower
has fallen and the Woolworth build
ing crumples to dust, and "a lot at
Market and Broad will be worth a
good deal more before it's worth |
much less" in the words of one of |
the canniest of our local spectators.
Opportunity for Investment.
In the opinion of wide-awake oper- |
ators Newark presents opportunity |
for real estate investment second to
none in the country at this time
Land can be acquired at less than |
moderate prices today in many out
lying sections of the city, and, if the |
best information can be credited and |
be normal, it cannot fail to be quoted
considerably higher before long. The
meadows, for instance. 1t is incon-
ceivable that ten years can pass by
without considerably altering the
topography of the Newark meadows
and the size of the bank books of
those who have invested in them.
And this growth is not entirely due
directly to the building of giant fac
tory buildings and the establishment
of mammoth commercial enterprises.
Business development, of course, has
made Newark what 1t is today, but
the development of the outlying Sec
tions to date has been largely due to
the homeseeker. Building and loan
associations, for one thing, have SUBJ
scribed in no small way to the inn
petus of the real estate.
Loan Associations Big Aid.
The popularity Of the building and
loan association is continually grow
ing. Improvement associations are
being formed in all sections by bands
of public-spirited citizens for the inn
provement of property; the City Plan
ming Commission Is working for the
bctterment of living conditions and
fc: the, Improvement of the city gen
orally: the public schools and the free
libraries are working in harmony for 4
the lncuication of civic knowledge,
and these things are doing much to
make Newark greater than ever. A
generation of Newarkers is growing
up that will know more about New i,
ark's possibilities as a great CONNER
eial centre than was ever known be-
fore. We are justified in believing
that that knowledge will bring with
1t faith and results, so that the New
ark of ten and twenty years from
now will be a city of magnitude-a
metropolis.
This is not the attitude simply OIL
the ioyal-born Newarker, bubbling
over with enthusiasm and hopes for
his native city 1t is also the at
ttudc and belief of hard-headed busi-
ness men who have made a study of ;
real estate values not only in this
city and State, but in other parts Of
the country. The stranger to New
ark reading this need not take it for
granted. lie can get incontrovertible
fncts anG figures ms well as much
uther Information from amy repu-
!, a ~ = r.aI aafara firm l., fh;a cstx