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Columbia University Libraries Digital Collections: The Real Estate Record

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Real estate record and builders' guide: v. 57, no. 1467: April 25, 1896

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April 26, 1896 Record and Guide. 695 e^/ ^^ ESTABLISHED V::'/AAH.CH21'-i^ 1668. Di/oTED to REA,LE., 189(1. Xo. i,4(; The Uecohd and Guide ivill furnish you with daily detailed reports of all building operations, compiled to suit yocr business specifically,.foi 14 cents a day You are thus kept iu formed of the entire market for you) goods No guesswork. Every fact ver'ified. Abundant capital and the thirty years' I xperience of TuK Rkoord and Gvidk guarantee the com¬ pleteness and uuthentic'iiy of this service. Send to 14 and lii Vesey street for information. WITU SUPPLEMENT. CiON,lECTURES ou the .stiiudiiifi; (>f the Veue/.uehm (iiiflioii '' were used to check the .aassed would be signed by the Governor. As all the oilier jirophecies on the measure from thati|uaiter have been fultilled, why should we not assume that the remaining one « ill be? Vet Governor .Morton has uot been kimwii through life as a man dependent wholly ou the will of others, or likely to accept dictation from persons who, while cominandiug high positions iu parly organ¬ izations, owe no res; ousibility to the public. Whatever may be the Governor's present intentions or views toward consolida¬ tion, he ought to weigh carefully the ob,)eclioiis that have been urgKl agaiust it. It canuot escape tho uotice of a man of his penetration that so soon as the measure was submitted to judg¬ ments capable of hearing .md wei^'hing testimony the resulting decision was adverse to the measure. To New York City the matter involved is a very sericuis one. With its credit already touched because of the enoinious obligations it has undertaken for parks, railroad, docks and other necessary improvemeuts, it is to be further biirdeneil by uuiou wilh a city liaviug a high tax rate and a debt up to the constitutional limit, aud, in addition, wilh a very large teriitory very lliinly populated and possessed of next to no improvements at all. There can be only oue result of such a uniou—an increased tax late and ta.\ valuatior. for the wealthier part of the combined city. This is made absolutely certain by the conditifui of ((|ual ta.xation and valuation, which is to guide th(> Iramers of the charier for the (ireater New York in carrying out their work. ri^'HAT that will be the result there is no doubt whatever. It •4 has become the case iu Chicago, where there was some pro¬ tection agaiust the burdens of the newer portions of the city being- imposed upou the older parts. In the tirst place the bonded debt of the city is limited to a small percentage of the valua¬ tion, and the method of reaching a valualiou is one calculated to keep the tigures down. Impr