New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-04
Builders,

ployes would be held directly account.
able to their employers. exactly as In the
case. of any large private business enter.
prise
should the question be permitted 10
remain unanswered or should a doub,
remain In the mind Of any one as to
what the answer should be-. when We con.
slider that the assessed valuation Of inc
Ieal estate IN this city Is over IS. 600 o0,.
"oo' that the annual cost OF runrire Ito
municipal government has increased 10
O. 600. and that hundreds of lius
arc annually introduced I'm the state Te,.-
'S'd''He vitally affecting tho rights aud
interests OF property 10y Senators and
ASsomblymcn, few Of whom arc owners
OF real estate or have the slightest con-
ception of the enormous burden which
The ownership OF real estate in this city
entails?"
whenever uptown owners, brokers and
mortgage men meet. the principal inter.
roGdtions are: rs your apartment; house
on a firm rental basis" What's tho
apartment house situation in your see
tom" Are YOU having trouble in get
ting efficient help
According 90 experts, owners Of many
other kinds Of buildings are more fortu-
nate than the landlords OF the uD-to-date
apartment houses.
"The annual rentals paid for residential
apartments appear large" says Reginald
Pelham Bolton, but when reduced TO
the basis OF the occupied area they pre-.
sent a very moderate comparison with
the rents paid in other classes OF build.
inSs, in which tho conveniences included
are less in number ard in cost, and
where the occupancy Of the space is re-
stricted to a much shorter daily period"
Now, as 10 the apartment house siua-
ton. Douglas l.. Gilman says that here.
toforo about 70 per cent OF tho rentals
of vacant apartments was made in Aug
ust and September, but this year the sit.
uation changed. lie further says
ION account Of considerable new con.
struction the search for new tenants be.
gar early. and rentals were made az
early AZ January and February. and in.
creased I'm volume so that more than 50
per cent OF the renting was accomplished
in the first six months Of the year. leav-
ins the market in a very healthy condi-
tlou for the opening Of the real renting
season.
The outlook is 50 cncourasing that
many new operations are 10 be started
next year. A yet there is no apparent
ovcrproductiOn.
As might be expected, the early ren.
tails ills year were mostly OF tce eXpen-
sive type. representing the wish OF the
tenants TO settle their plans well in ad-
vance, so that they would not be obliged
to 60 hunting in the hot months.
AT the present time there arc but few
large apartments available, ranging in
price from NOpj to 5000, while the small.
or apartments are moro numerous. The
smaller suites find their best months ia
August and September"
The drift from the private dwelling
house streets 10 the apartment house
zone i said To- be larger than at ally
other corresponding period in years.
The tendency Of people living "a private
houses TO move into apartments is re-
ported by renting agents in Manhattan 10
be- stronger this summer than ever before
saws a well known trade paper. 'Ey5n
more interesting. perhaps il also says,
is the assertion by officers OF suburban
development companies that they are
having the novel experience OF receiving
numerous offers Of city dwellings in OK
change for suburban homes. Evidently
tho private house IS go!us out o. lasnion'
at least in Manhattan.
Mos. Of the biz spectators and real
estate agents in the most northerly Dor
ough are positive that The Bronx IS close
TO boom times
In the last July issue OF THE Res
Estate Record and Guide there is an in
terview with Senator stephen J. SulTeh'
lntroducer Of the bill creating Bronx
County.
"BronS County means home rule. prog
.s,s prosperity and political indcpen-
dcnce to the people Of The Bronx % says
Senator Stllwcu 1T VIII mean the ere
alton OF great civic centre. the erection
Of public buildings adjoining the borough
The construction of Office buildings in ,helF
vicinity and the bringing of many Strah'
gers into the borough - transact yusl-
ness.
1T will provide. conveniently acce>Sio'
10 all the people of The bronA' CO
ami rubic offices. wiler the puchc nuS'-
ness OF .hc borough would be transact
anH remain on record; it would place 'o'
borough cf The Bronx in position 10
secure proper transit facilities, police ana
fire protection, increased school tacllltl2s
q ldirional docks and other Improvements
alou- its magnificent waterfront
Mature designed the territory o. The
Bronx 10 De distinct and separate from
the island of Manhattan. and the citiz'ns
of The Bronx. without regard 10 party
faith or political utilization. evidently pc
}leve it to be the part OF wisdom that the
political separation bc rs distinct a. the
l.,,..fsatipn