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Show RICHER THAN GOLD MINES. There are some things richer than mines. New York City has acquired a good deal of real estate' to be used for a site for the new terminal at the Manhattan Man-hattan end of Brooklyn bridge. The Sun tells of one piece of property in Park Row, which was appraised by a title company in 1903 at $63,000. During the ..same year the owner received $80,000 for it. Now, according to the sworn testimony of expert appraisers that piece of real estate is worth $338,700, and adjoining is a piece in Park Row that sold in 1903 for $81,000. This, the commission learns, is now vrorth over $262,900. It would be worth while to know how much the assessment had been increased on that property in the last four years. That advance is unearned increment, and that is a case where the Government ought to step in and keep the taxes advancing as fast as real estate advances. |