New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-12
Active Trading Supports Belief That Realty Rising

commanded no such weapon az manda-
tory law. such as was vested in the
civic measure.
The needle trade would have choked
Fifth Avenue, and the greatest retail
shopping street in the world would
have been a sorry sight by comparison
with the Fifth Avenue of to-day.
An increase of $19O00.000 in taxable
value would not be found; instead q
decrease would have been the story.
The district from Forticth to Ninety
sixth Street and Sixth Avenue and
Central Park, east, is valued by the
Tax Department to-day at SOLO,
100000
The unquestioned success Of the re-
strictions has prompted the suggestion
that they be extended so as to drive
out of all populated sections Of the
city obnoxious industries such as chem
ical works, boiler makers and concerns
engaged in heavy manufacturing. Real
estate men are Of the belief that the
manufacture of machinery or chemicals
or the like should not be permitted in
Manhattan. The outlying sections Of
the city are the places for them. Mead
ow lands in Queens around Jamaica
Bay, or in Newark meadows, would
serve the interest of the concerns lust
as we'll as locations in the midst OF
built-up urban sections. In fact the
suggested locations for industries OF
that nature would mean less operating
cost for the manufacturer and greater
return to the owners in. the sections
where they are now located
Business Streets Strong
Tha ramications Of the workings
of the bui ding zones and trade restric
tons are both wide and intere ting
AS an example, the Peoples Trust
apartment houses on Flatbush Avenue
Brooklyn. The Trust Company is to
erect branch home there to provide
banking facilities for the business in
terests Of Flatbush Avenue. The coming
law has designated Flatbush Avenue as
a business place, and the traders of
that part of Brooklyn are locating on
Flatbush Avenue. It would have been
unwise for the Peoples Trust Company
to have taken such step three years
ago, because the business of Flatbush
Avenue did not warrant it.
Speculative builders will again be
found erecting fine dwellings in the
residential blocks to the east and west
of Central Park, for sale in the mar
ket. Lacking The protection OF a man
datory ordinance such venture would
have been foolhardy.
The stabiizing of the "E" zones in the
other boroughs- there are none lin Man
haitian and few in the Bronx localities
under private covenant --- has revived
interest and civic pride. The tinsmith
is active, so Is the painter and the
plumber and the gardener Repairs be-
ing made are of permanent nature. Cop
per is being used instead Of tin; the
plumbingNis not repaired with a view
OF making it do for time, and the
painter is ordered to do good work. In
number of sections, it is expected, &
second period of development will set
in Just as soon as the building situa-
ings being finer than those which they
will replace.
Keep Population Here
The coming law and building restric-
tlons have halted the movement to Mas
sau County, New Jersey, Connecticut
and Westchester of families whose
homes were endangered by the blight
Of obnoxious invasion which was
spreading through the city until the
city fathers stopped it by passing re-
strictions which curbed INSCRIPTIONS
builders and business interests who had
no regard for the future welfare of the
city or the financial losses which they
brought about.
There we're interests who opposed the
measure and on the good ground that
they had paid high values for business
locations and were entitled to build as
high in the air as the man next door or
down the street who had erected d
cloud piercing building. In districts Of
tall buildings the advance Of the re-
strictions was hardship, but in other
sections they have been decided bene-
fit.
The trainers of the ordinance, the
supporters of the measure and the
Board of Estimate agreed with the own
ers Of diminutive buildings in sky
scraper districts that the law was not
to their interest at that particular mo-
ment, but that time would change tho
situation and they would not regret its
passage.
Twenty years Of bad building is to
be changed. Every alteration will i'm
prove the character Of building from
now on. Owners hit in one section
will be benefited in the next. II 'live
and let live buildings had been erected
during the last twenty years millions
and millions of dollars would have
been saved. Generally speaking values
have increased.