Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 65, no. 1665 [i.e. 1664]: February 3, 1900

Text version:

February 3, 1900'. RECORD AND GUIDE. 189 ESTABUSHED-^ SARPHSlsi^ 1S58, "DeAteD P Rea,l Estwe . Bui LOTffc AR.cKiTEeTUR,E .KotJSEKou) Desqi;atioiI. Bi/si^/ESS Alto Themes of GEjto^l WiERfsi.^. PRICE PER YEAR IN ADVANCE SIX DOLLARS. I'libliKhed every Sat-arday. TELErilO.NE, COItTLAKDT 1370. Communications should be addressed to C. W. SWEET, li-16 Vesey Street. /. T. LINDSEY, Business Manager. •Eiuercd at IhB Fost-Ogiie al Neio Yoric, N. Y.. as second-class muller." other states. It is right to point out that any money coming from without the borders of the Slate does so because the opportu¬ nities for investment are betier and the return higher nere than it can obtain at home, and to the extent that the half of one per cent, neutralizes these attractions, such money wiil be driven back to the place whence it came. That the policy has hitherto been to encourage toreign capital to come here is shown by its exemption from liability to taxation as personalty. This policy the Stranahan bill will set aside entirely because not only does it place a tax upon foreign capital, hut it conveys no guarantee that the moderate tax new prcposed may not be larger in an¬ other year, so that if any foreign, money is placed here on mort-, gage subject to a tax it will be with a reservation of the right o£ prompt withdrawal should any further change of the conditions give such investments a disadvantage, eilher of position or re¬ turn, iu our markets, which they would avoid elsewhere. Vol. LXV. FEBRUARY 3, 1900. No. 1065. The [iv-lcjo to VolnmeLXLVofthe Record and Guide, covering the pBrh:l between Jidij 1st and December 'ilst, lbyS», mil be read-j for dcUvsry on Taesdai) next. I'riee, t|