The evening world., 1913-05-03
~ OhvAN 1. keNNGLLv.

" BRYAN L. keNNGlLV.
NV that the metropolitan masses
Aavo pushed practically to the limit Of
nersAwasd homo expansion. the con.
0tSuction Of the dual subway system
% about TO open an immense eastern
teyitory for occupation.
Ne one who has studied the situa-
don doubts that the great movement
q The home-seeking millions must be
Long lsiandward. Fiathouses over
crowd Harlen. Washington Heights
end the Bronx. The next few years
VAL So that territory filled with popu-
lssioa 10 the point OF congestion. Real
estate operators and investors know
this now. and their transactions have
caused land prices in those sections to
Discount this phase Of the future.
Prices reflect nearly all that can be
mAde Of the northern sites even un-
der the occupation Of . dense popuia.
uoa
Dve look carefully along the eastern
area to 30 opsnsd-land values there
are practically In the suburban stage.
Fhs investment depression Of the past
I've or ok ysars has prevented specula-
lore from exploiting II. Until recently
toere had been no notable activity to
discount the remarkable change In con.
ltions which will follow the opera tim
oSfhe dual subway system. Land prices
are four or fivs years behind the level
WAich thAy should have attained under
Aormal Investment and speculative con-
ditious.
There. then. should be the most inter-
sstiaS theatre Of operation for the
nassss Of homo seekers and home
builders. There they IND the highest
a land which vii, mark the coming
Ssars.
We may cay that the metropolis Of
ne new dual rapid transit system will
- Long Island City. 1t will he the hub.
In fact the new transit will be q dual
service IN nans only to all parts Of the
city except Long Island City and It's
suburbs. The Bronx and north Xanhat-
tan Will not have the dual System be-
cause they will not get the 3. r. T.
.inss. Brooklyn will have only . small
touc1 OF II because Brooklyn will get
only very short section Of the Inter-
oorough lines. On the contrary. Long
-sland City with Its oueena. tributaries
will b covered completely with both
the q. r. T. and lnterborough. giving II
tivs-cent fare service over ali Lines Of
those two systems.
HEAVY POPULATION FLOW
STARTS LONG isLANoWARD.
This alone means that Long Island
City and its suburbs must become the
next area for the heaviest movement Ct
home-seekers.
, In addition to this-or possibly in
part recognition Of it-Long Island City
10 developing rapidly into the greatest
manufacturing district In the United
States. Some Of the largest industries
0>hsrs are preparing to build or are ne
gotiating for sites. Industries are NOV
in6 there - the logical centre for the
metropolitan overflow. The new plants
are drawing thousands Of wAge-earn&rs
TO that place.
Independently Of the overflow Of homo
population from the older crowded Gen.
treA this means that CONSTITUTIONAL
projects along the eastward line Of OK
pansion must be undertaken every year
for an indefinite period on a scale equal
20 the building Of an entirely new city
Of ordinary size. The largest and rich.
est of industrial concerns will compete
for sites.
Land values vii, rise under their in
sstsnt demand to levels rejecting the
new utility.
Many other forms Of business will fol-
low the leaders. thus tending to . CO.'S
mopolitan development. The new army
Of workers must be housed and fed and
supplied with immediate living necess'-
Ties. Their homes must DO scattered
through the near suburban districts
whore land 10 cheap and transit 10 good.
Homs-buildsrs In turn will have to
compete for the best sites and their In
creaslnG efforts to house tho growing
masses must create land booms which
win spread out in vast waves along the
transit lines from the new hivss Of in
ustsv.
he eNoFiTs IN EQUALIZATION
o. LAND VALUES.
WA this movement IL well under
way 0o6A Of the bustness and popula-
ton ths4 have been jainmed into thu
busy olaahattan centres viii pour Out
along che eastern line Of least trans!
resistance. With It win 20 the higher
land values that have been aceumuiat
Ing h Manhattan. In other words
there viii Do . great reimbursement Oh
'squaiisation Of land values. The Man
haitian masses that have been usinl
LAND With an average valuation OF $3O
oo9 . lot will move TO Lone Island site
whore values are averaging ZOO 4
$500 Q lot Their occupation Will tent
70 raise the Long Island sites to . value
couparabis with the sites In Manhst
An lest - fousd articles I'D.
taool IN The World will bs
IL u01SA Ut The Worlds Infosms.
In Bureau. Pulitzer buil6tng