Excerpt from Principles of City Land Values When placed In charge of the Mortgage Department of the U.S. Mortgage Trust Co. in 1895, the writer searched in vain, both in England and this country, for books on the science of city real estate as an aid in judging values. Finding in economic books merely brief references to city land and elsewhere only fragmentary articles, he plan arose to outline the theory of the structure of cities and to state the average scales of land values produced by different utilities within them. The material for this study of the structure of cities - including their locations, starting points and lines of growth - has been gathered from a large number of local histories of American cities, old maps, commercial geographies, &c. The material for the study of average scales of values has been drawn from the mass of valuations of land and buildings, rentals and mortgages, obtained in about fifty cities in the course of the mortgage business of the U.S. Mortgage & Trust Co. and also from many visits to these cities. The viewpoint is that of a conservative lender on real estate and while the examples cited are chiefly from the smaller cities, it is believed that the principles stated are universal and differ only in application and in resulting combinations. Special acknowledgment is due for aid in figuring the structural and commercial value of buildings and in the preparation of maps, to Cecil C. Evers, late member of the American Institute of Architects. New York.1903. Preface to Second Edition. In issuing the second edition of Principles of City Land Values, the writer, after two and one-half years experience in making mortgage loans in New York City, does not find any principles which, in his judgment, should be radically changed. If all variations in the application cf principles to New York conditions should be stated, much would have to be added to this volume. For this, however, opportunity does not at the moment serve. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 edition. Excerpt: ...pass, even though his shop were not there. Here he utilizes his shop windows and signs to draw customers into his shop, the two elements of convenience of location and advertising advantage working hand in hand. Wholesaling may be divided into two main classes: First, wholesaling of objects of great weight or bulk but relatively small value, which seeks locations near transportation lines or termini for economy of handling, the selling being done by traveling salesmen or by selling agencies located in the business centre; and second wholesaling of articles of small bulk but high value in the retail-wholesale way, that is, making up an order including a variety of objects for the trade only--which seeks locations near their chief customers, the retail stores. Here the Second Street, Seattle, in 1876, looking south. Lots which sold in 1860 for $10 now bring $120,000. None ot the original buildings survive. ability to quickly supply a small order of mixed goods is sufficiently important to induce them to pay considerable rents. Railroads in striving for passenger traffic project their passenger terminals as far as possible towards the business centre of a city. Economy of handling freight locates the freight depots either near the docks for interchange of freight or near the heavy business houses. In the largest cities a separate section evolves devoted to office buildings, whose ground floors are utilized by banks, trust companies, insurance companies, &c., and whose offices are rented to brokers, lawyers, architects, &c., the location of such an administrative district being usually the result of slow growth around old institutions. Manufacturing follows similar lines to wholesaling, the production of articles of great weight or...

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From the Preface. When placed in charge of the Mortgage Department of the U. S. Mortgage & Trust Co. in 1895, the writer searched in vain, both in England and this country, for books on the science of city real estate as an aid in judging values. Finding in economic books merely brief references to city land and elsewhere only fragmentary articles, the plan arose to outline the theory of the structure of cities and to state the average scales of land values produced by different utilities within them. The material for this study of the structure of cities-including their locations, starting points and lines of growth-has been gathered from a large number of local histories of American cities, old maps, commercial geographies, &c. The material for the study of average scales of values has been drawn from the mass of valuations of land and buildings, rentals and mortgages, obtained in about fifty cities in the course of the mortgage business of the U. S. Mortgage & Trust Co. and also from many visits to these cities. The viewpoint is that of a conservative lender on real estate and while the examples cited are chiefly from the smaller cities, it is believed that the. principles stated are universal and differ only in application and in resulting combinations. Special acknowledgment is due for aid in figuring the structural and commercial value of buildings and in the preparation of maps, to Cecil C. Evers, late member of the American Institute of Architects.