New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-24

then Summit and MorristowN. and before
long We will all be one happy family.
I'VE are looking for wonderful thinss
from the McAdoo system. AS yet II Ia
only good healthy child. II must he
fed we'll 10 have a good foundation. We
don't begrudge it proper feed, but let It
grow, and when We are sure it won't hurt
we will work II for all It is worth.
las to the outlook for the real estate
market i'm Newark, I would say IT T.
good-must be good, for We have nothing
in Newark that is not wanted by out
siders, and when this is the case business
must be good. Just think OF the over
flow from New York alone. Where can
they so and get better or more than We
give them? They are handy TO their
business, plenty OF light and good, pure
air, business OF most any kind, water
unsurpassed, a well governed and law
abiding city. What else could anybody
expect?
Yes, business must be good, and good
people must come TO Newark"
franklin F. Mayo says:
THE McAdoo route between New York
City and Newark has resulted in a
marked difference in the trend Of travel
with tho result of bringing the travelling
public TO a section OF the city that was
hitherto situated between two OF on"
main stem railroad lines. The effect OF
this change IS just beginning 10 be real
lied by our people at large. although
those yersed In real estate matters foe
saw the result and many OF them acted
accordingly. but as is almost universally
the case under such circumstances. mos:
OF us had 10 wait to see the people
streaming across the park to realize what
il meant
The present condition OF the area af-
fected is that Old buildings are being al
tered or supplanted b. new structures
and the territory TO the west OF Broad
street, that was steadily increasing -
value In Consequence OF the natural
growth Of our rapidly growing city. has
received an impetus that always obtains
under similar conditions.
The McAdoo line will not i'm my opin-
ion. bring residents TO Newark other than
in a secondary manner, that Is. until We
have perfected a plan OF trolley transpor-
tation that at present would seem 10
hinge upon the activities Of the City
Planning Commission in conjunction Wlih
the proper disposition OF the Norris
Canal. which to many appears 10 be the
kew that is 10 unlock the door that u
at present a barrier between desirable
method Of getting from one end OF the
city to the other
AS soon as the trolley routing is salts
factoriy disposed OF then the patrons OF
the McAdoo line could by system OF
transfers be transported TO the SUBURBS
with comfort and expedition.
Strange as II may seem TO us, there
are many people in New York who view
Newark as a small sized community, and
il is amusing TO observe the astonishment
expressed by these good people when they
visit our city for the first time. as We
feel that we are living in rather large
city, and naturally so, since our popuia-
ton is approaching the 10000 mark.
NOV. in regard 10 the real estate sit
uation in Newark.
The real estate situation in Newark In
a healthy normal, broad development
along all lines Of real estate activities
pertaining TO a growing city with as
many and diversified industries as we
possess. Our commercial banks are
sound, large, prosperous and generous IN
their relations with their customers. Our
financial institutions that loan money on
bond and mortgage show their faith In
the present and future Of Newark by en-
deavoring to meet tine requirements OF
all legitimate propositions presented TO
them
without entering into details At this
time, II Is my opinion that the history OF
Newark real estate will be similar 10 that
of New York City, which is one OF steady
increase in value in consequence Of the
constant and increas sing demand, brought
about by many potent conditions, de-
script.on OF which would illuminate clear
" the reason why Newark must be one
of the foremost cities OF the country.
LAS to the question. What is the real
estate outlook in Newark my answer
would be as follows: The real estate OUT
look depends upon the growth OF the city.
The growth Of Newark OF course depends
upon the attractiveness of the reasons
why people should come to our city. ara
here is where we are strong
1T is embarrassing to give the st OF
we have as there ale SO
many and OF such excellent character
that the narrator unconsclously begins -
smile at the similarity of his dezcrip-
tons TO that OF some able barker Tor a
Coney Island show. Our city possesses
so many advantages any one of which
alone could be considered as a va1uable
asset, and when the sum OF all our ad-
vantages is considered the deduction is
that we of Newark who are living right
or the ground are doing we'll 10 begin
to awake to our advantages and posi-
hilites.
ut is this awakening that might be
callsd the icing of our splendid cake OF
opportunity. This awakening is deep
seated, earnest and growing. II is the
yeast that makes 1t possible Tor Us TO
make desirable all other ingredients of
our civic loaf OF bread. and this yeast
of the spirit of growth is sufficient In
quantity to take care of al exceedingly
large loaf of bread"
Robert b. stoutenburgh says: Tho Mo-