It is almost impossible to sell any real property in New York City at the present time at its assessed value.
The owners of real property are becoming terrified by the number of laws which have been enacted affecting real property in New York City…in each succeeding year there is a law passed…This compels the owner to expend…large sums of money, which…are absolutely needless and useless.
You can no longer distinguish the real estate owner by the smile of prosperity, because his property is now a burden and a liability instead of a comfort and a source of income. To own a factory building in New York City is now a calamity.
Not only is this against the principal of home rule, but such legislation transfers the enforcement of the law to an unknown and untried body of men and takes it out of the hands of the Fire Department….one of the most efficient departments of the City of New York.
Many owners will be so financially embarrassed by the great expenditure made necessary thereby that great numbers of buildings would be forced into foreclosure or otherwise sacrificed.
If you pass this bill, it will not be ten years certainly; I believe it will not be five years until practically every cellar bakery in New York city will be out of business.
[Against the bill recommending occupancy limits depending on the number of exits provided and the [number of floors] While we are in favor of a restricted occupancy…we believe that the bill in the form proposed will work great disadvantage to our trades, requiring manufacturers almost to double their area capacity in order to employ the usual amount of people that their business demands. We respectfully submit that any such procedure would not only be of great injury to the trade, but to the state, by forcing a number of these establishments to remove their factories to other states.
Excited persons rarely accomplish anything…No new laws are needed.
If you eliminate further bakeshops in the cellar…the poor man is going to suffer, and we are crying now for the high cost of living. If you will wipe out the cellar bakeries, the poor man will get a smaller loaf of bread.
This bill will make it difficult for the poor baker to continue to exist, thereby making it easier for the large baker to combine with his larger brother and increase the price of bread or lower the size of the loaf, why, that is a very strong point in opposition to this bill, because the very people you are going to aid—the poor have got to be taken into consideration.
