Real estate record and builders' guide: [v. 30, no. 765: Articles]: November 11-18, 1882
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November 11—18,1883.
The Record and Guide^
69
THE RECORD AND GUIDE.
191 Broadway, N. Y.
NOVEMBER 11—18, 1882.
men were among the speakers and banqueters,
in a very tolerant age.
"We certainly live
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A SUMMARY.
The contents of this number will be found varied and interesting.
Some exclusive news about press and telegraphic matters is intelli¬
gently discussed. Mr. Wm. M. Lent predicts that, in tenyears'
time, the Union and Central Paciflc Company will have abandoned
their present tracks to the government, because a cheaper parallel
railway will have been built by that time, which will carry freight
and passengers cheaper and more expeditiously. Sir Oracle is
rather discoursive this week, and Ms vatieinnations necessarily
cover a good deal of ground. Our real estate and housefurnishing
departments give all the news current on these topics.
The general break in prices, which has taken place this fall, should
have been anticipated. The splendid food crops of the world
account for the prevailing depression ; indeed the value of a super¬
abundant supply of food is that it necessitates cheaper production
and lower prices. If the working classes can be fed and clothed
for less money than their maintenance cost a year ago, it
follows that they can work cheaper and produce at less cost. It
is this shrinkage in values which we are witnessing and which has
had its effect upon the stock market. It is not a pleasant ordeal to
go through a period of declining prices, but in time cheaper pro¬
duction leads to greater consumption, and then will be seen the
good results which come from large crops. If trade has suffered
this fall by the shrinkage of values, it will profit next spring by
the much greater volume of business.
Our Industrial Progress.
The tables we present below should be perused and carefully pre¬
served by every business man in the country. They tell the story
of the marvellous progress of this nation better than any words
can do. Every column in these tables shows the vast additions
made yearly to the material wealth of the United States. Every
one is familiar with the astonishing growth of our population, but
our industrial activity has more than kept pace with it. While the
ratio of increase in inhabitants has been arithmetical it would not
be too extravagant to claim that our productive forces have multi¬
plied geometrically. Look at the figures: In 1853 wo produced
5,525,000 tons of anthracite coal, and in 1881, 30,282,000. In 1852
we produced 541,000 tons of pig iron ; in 1881, 4,144,000 tons ; in
1859 we produced 3,000 barrels of petroleum ; in 1881, 27,264,000 ;
6,000 tons of copper in 1852 has increased to 31,000. Lead, bullion
and quicksilver also show vastly increased production.
Anthra- Pig Quick-
Year, cite Coal. Iron. Lead. Copper. Gold. Silver, silver.
776 to
6,000 $175,000,000 ....... 49.000
' '" 00,000,000 ........ 20,000
65,000,000 ........ 22,000
60,000,000 ........ 30,000
The result of the elections will inevitably lead to a reorganization
of parties, and to the bringing to the front of vital questions which
have been kept in the rear by the objectless squabbles of our recent
party contest. Principles and not men will hereafter command
the most attention. Among the subjects which will come up for
consideration and settlement, are civil service reform, a readjust"
ment of the tariff, and a reduction ofthe internal levenue burdens
The anti-monopoly question also looms up for legislative action,
and parties will be forced to take sides for or against the great cor¬
porations.
Petro¬
leum.
The election of Franklin Edson, as Mayor of New York, ought to
be satisfactory to every one. He is a merchant, of good standing
and great wealth, who has an honorable ambition to distinguish
himself in high civic stations. His election settles the question that
Allan Campbell wiU keep his place as Comptroller, and hence, the
city is now certain of two honorable, honest and able members of
the Board of Estimate and Apportionment. Let the reformers now
come to the front. The vital need of our city is responsible local
government. Let there be a determined effort to induce the legis¬
lature to give the Mayor of New York authority as well as respon¬
sibility. The various city departments should have single heads,
who should be appointed and removed at will by the Mayor. If
there was mismanagement or waste, we would then know whom
to blame; but if our present vicious system is retained and the
aldermen can veto an appointment by the Mayor, then will matters
go from bad to worse. Now is the time for the citizens' move¬
ment to make itself felt. The Albany legislature must be forced to
grant us responsible home rule.
Herbert Spencer was honored with a dinner at Delmonico's the
night before he left for home. The gathering was a notable one,
and Henry Ward Beecher and other clergymen were present. This
is the more remarkable, ia view of the fact that Mr. Spencer denies
the existence of a personal God, or, more accurately, he insists that
God is unknowable ; then again, he not only disbelieves in a life
hereafter, but he has devoted much labor to show how this, to him
illusive doctrine of immortality, came to be generally believed.
There will be no place for clergymen and priests in modem society
852.
853..
853..
854..
855..
856..
857..
38,279,000
5,725,000
5,940,000
6,847,000
7,684,000
8,000,000
7,695,000
7,864,000
9,011,000
9,807,000
9,147,000
9,020,000
10,953,000
11,631,000
10,783,000
14,231.000
867.. 14,846,000
868.. 15,810,000
16,376,000
870.. 17,820.000
71.. 17,380,000
22,084,000
22,881,000
21,667,000
20,644.000
19,000,000
21,323,000
18,600,000
27,825.000
24,843,000
866.
872,
873.
874.
875.
876.
877.
878.
879.
880.
10.961,000
541,000
723,000
662,000
700,000
789,000
713,000
630,000
751,000
821,000
653,000
703,000
846,000
1,014,000
832,000
1,200,000
1,305,000
1,431,000
1,711.000
1,696,000
1,708,000
2,540,000
2,561,000
2,401,000
2,109,000
1,869,000
2,067.000
2,3^1,000
2,742,000
3,835,000
4,144,000
391,000
14,000
15,000
14,000
14,000
14,000
14,000
14.000
14,000
14,000
14,000
14,000
14,000
14,000
13,000
14,000
14,000
15,000
16,000
10,000
18,000
23,000
47.000
53,000
58.000
fil,000
75,000
83,000
90,000
95,000
105,000
1,000
2,000
2,000
3,100
4,000
5,000
6,000
7,000
8,000
9,0C0
6,666
7,000
7,000
7,000
8,000
9,000
12,000
13,000
13,000
12,000
16,000
18,000
16,000
18,000
19,000
19,000
20,000
25,000
31,000
55.000,000 ........ 3:J,000
55,000,000 ........ 30,000
55,000,(100 ....... 28,000
50,000,000
50,000,000
40,000,000
43,000,000
39.200,000
40,000,000
43,000,000
57,200,000
53,500,000
51,700,000
48.(X)0,0('0
49,500,000
50.00C,000
43,500,000
36,000,000
35,000,000
39,600,000
33,400,000
44,329,000
45,300,000
41,000,000
32,540,000
33,.522,000
31,870,000
100,000
150,0il0
2,000,000
4,500,000
8,500.000
11,000,000
1],2.W,000
10,000,000
is.sno.oiio
12,00(1,000
13,000.000
16.000,000
22,100,000
2.->,7.">0,000
36,500,000
32,800,000
41,400.000
41..500.000
4(),075,fK)0
40.000,000
36.624,000
40,005,000
45,078,000
31,000
13.000
10.0 0
35,000
42.1 KX)
41.000
47,000
53,000
47,000
47.000
48,000
34.000
30,0C0
32,000
32,000
28,000
28,000
15,000
75,0'30
79.000
64,000
74,000
60,000
!59,000
3,000
650,000
2,114.000
3.057,000
2.G11.000
2,116,000
3,493,C0O
3,598,000
3.347.000
3,716,000
4,215 000
5,G.')9,000
5.795 000
G,5:i9 000
9,789 000
10,910.000
8,788,000
8,972,000
13.136,000
15,165,000
19.743.000
24.229,000
27,!W,000
Corn.
Oats.
Rye.
Barley.
377,492,388
123,054.990
18,640,486
4,161,210
591,630,564
146,565,140
14,183.094
5,165,135
827,094.527
172,089,095
20,965,f46
15,813,604
1,094,255,000
247,277,400
15.473,600
26,295,400
1.717,434,543
417,885,380
24,510,829
45,165,346
1,194,916,000
416,481.000
20,704,950
41,161.330
1,680,000.000
480,000,000
20,000,000
45,000,000
881.. 30,262,000
Now, if we turn to cotton and our food products the figures are
equally astonishing.
The following table gives the grand total, in bushels, of the
cereal crop of the United States, every decade, from the year 1840
to 1880, including 1881 and 1882, as far as reported:
Wheat.
1840........... 84,821,065
1850............ 100,164,256
1860............ 170,176,027
1870............ 235,884,700
1880...........498,549,868
ISSl............380,280,000
1882............ 520,000,000
In the above we give the estimates of the agricultural bureau
for the year 1882, though we believe they under-estimate the wheat,
oat, rye and barley production. The oat crop of this year we think
win exceed 500,000,000, while the wheat crop cannot be less than
550,000,000.
Our cotton production gives the following figures :
Years. Bales.
1834-35........... 1.254,328
1835-36 ......... 1,360,725
1836-37.......... 1,425,575
1837-38.......... 1,804,797
1838-39.......... 1,,363,403
1839-40......... 2,181,749
1840-41.......... 1,039,353
1841-42.......... 1,688,675
1842-43.......... 2,394,203
1843-44.......... 2,108,679
1844-45.......... 2,484,662
1845-46.......... 2,170,537
1846-47.......... 1,860,479
1847-48.......... 2,424,113
1848-49.......... 2,808,596
The most conservative estimate of the cotton crop, now being
harvested, is 6,500,000 bales; but the prolonged fall season and the
absence of frost has been so beneficial to the cotton plant that well
informed cotton speculative operators think that 7,000,000 bales
may be fairly expected.
Years. Bales.
1849-50.......... 2,171,706
1850-51.......... 2,415,257
1851-52.......... 3,090.029
18.^2-53......... 3,352,882
1853-54........ 3,0.35,027
1854-55.......... 2 9-32,3.39
1855-56........... 3,645,345
1856-57.......... 3,0,'.6,519
1857-58......... 3,2.38.902
1858-59.......... 3,994,48)
1859-60......... 4,823.770
1860-61.......... 3.8i6,086
1861-65..........No rec- >r(i
1865-66.......... 2.2^8,987
1866-67.......... 2,u59,271
Years. Bales.
1867-68........... 2,498.895
1868-69........... 2,4.39,039
186970........... S.154,94«
1870-71........... 4,352,317
1871-72........... •-'.97t.:«l
1872-73........... 3,93it..'i08
1873-74.......... 4,I70.3S8
1874-7.5........... aSS-'.SUl
1875 76........... 4,669.28S
187(i-77.......... 4,485.423
1877-78........... 4,811,265
1878-79 .......... 5..>7:V'3l
1879-80........... ?,757.397
1880-81........... 6,589329
l£:8l-82........... 5,435,845
if Mr. Spencer's views are to be generally accepted. Yet church
members united on Thiu-sday evening to do him honor, and clergy-1 greatest naval power on earth, actually the weakest. The astound-
In his forthcoming annual report Gen. H. G. Wright, of the
engineer corps, will recommend the erection of two turret forts at
the lower entrace of our harbor, in which will be mounted 100-
ton guns, to beat back any foreign vessel which might attempt to
pass the Narrows. But would this be any real defence for New
York ? In these days projectiles can be hurlrd nine, ten and even
twelve miles distance; that is to say a foreign iron-clad fleet,
armed with Armstrong or Krupp guns, could shell and destroy
New York City without passing through the channel at Sandy
Hook. It should be borne in mind that the United States is con¬
temptibly weak as a naval power, that Spain, Turkey, or little
Chili could destroy our sea coast cities, as we have not a ship or a
gun suitable for defensive purposes. Potentially we are tho
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