Cry Wolf Quotes
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.
This condition is depreciating the value of real estate, restricting its marketability, and driving manufacturers out of the City and State 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.
[The New York Herald noted that the owners claimed the order amounted to] a confiscation of property…