New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-11
Connolly Predicts 1t to Be
come Greatest CONNER
cial Section in the
World.

That the Borough Of Queens. and ospe-
cially Long Island City, is passing.
through d period Of development and
growth which will make it the greatest
manufacturing and commercial centre in
the world is the belief Of Maurice Z. Con-
molly. president o. the borough. Mr. Con-
molly said yesterday that the providing
in short time Of exceptional transit
Facilities and such improvements as the
borough and city authorities arc making,
all Of which have been denied to Queens
in the past. will cause the borough to ad-
vance so rapidly that its property will
form the surest end safest investment in
all this country.
There is going To nc no setback in
Queens" said Mr.. Connolly, and any
person who invests his money there IN
real estate at prevailing values Is bound
TO make money. Long Island city, with
its most wonderful commercial and manu-
featuring growth, has, Of COURSE the ocst
advantages. but all of Queens is GOING to
prosper TO such an extent from the work
that Is being done there now that the
owners Of its property arc going to be-
come rich from it,
We are far ahead of tine Other Dor
ougbs of this city i'm the matter Of rapid
transit. our lines are all to be elevated.
Whil. i'm other boroUghs most OF the new
route will be subways. The result Is that
our lines will be completed and In opera
ton i'm fourteen months, o. more than
two wears before tho Subways into the
cthcr boroughs arc ready. We then WIN
have rapid transit connection with the
centre Of all things i'm Manhattan when
the other borouchs arc waiting for theirs.
and the advance in our real estate values
will have just that much of "A start
Mr.. Connolly was asked if his state
ments as 70 increasing values applied TO
the 80 lots on Thomson Hin, in Lons
Island CITY which BRYAN L. Kennedy
Will sell at auction on Saturday. MAY =.
Here Is the situation he replied.
Every dwelling property in Long Island
CITY either is occupied by its owner or
bv tenants under lease, there IS not a
vacant piece Of property IN the whole
section This is true IN spite Of the fact
Tat builders have put up more houses
OF one kind o. another during the last
TWO wears than in any other part Of the
city. Right now we have not suflicient
accommodations 10 house the people who
work IN our own borough. brought there
by the great Industries. When the Bel
mont tunnel is opened with subway cars
from s2d street into and through Long
Island City. We will draw many thou
sands from the east side Of Manhattan 10
the cheaper homes in our borough. just
A. the williamsburg Bridge drew them
over 10 Brooklyn until Williamsburg
section real estate values and rents be-
came so high that there was no differ
once between Brooklyn and Manhattan.
Then think Of the opening of the new
subway routes. by which Long Island
Gity with its cheaper homes. can De
reached from any part Of the city for o
single nve-cent fare and there can be
no doubt that such property as Thomson
Hnl will be mighty attractive invest
ment 1t is 50 near the great manu-
facturins section that is immediate de-
velopment is almost certain.
Il am satisfied that the growth OF Long
island City and the enhancement OF its
real estate values great as they have
been. would have been even greater had
We been able 10 find homes tOr factory
workers We have not IN Queens sufii-
Gent skilled employees 10 man all the
great industrial plants. People vino worIl
in these factories Will not pay two fares.
The result is That homes will have TO bc
ruilt for them in Long Island city OF tho
nearby sections Of queens. They VII
have to be built soon, too for right nov
Two Of the largest plants IN the world a.e
about 20 be opened. where almost five
thousand men and women viii be en-
ployed. The Loose Wiles Biscuit Conn
pany's plant will require 300 workers
and will be the largest building. next 10
the Metropolitan Life Building. in the
world The General Electric Company
plant, which Will he opened IN few
months. Will be ,hs sscond in size.
one feature especially impressive To Mi.
Connolly is the fact that after years or
almost no Improvement, which condition
has caused Queens values TO remain the
lowest in greater New York. suddenly
everything that tends TO increase values
is provided.