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Updated: July 4, 2025
When next we go with our modest incomes against these landlords, they suppose that we too want rentals of fifteen thousand, whereas we would easily be satisfied with one of fifteen hundred or a thousand. The poor fellows' fancy is crazed by those prodigals, and we must all suffer for their madness.
The grant consisted of what are now many blocks along Broadway north of Lispenard street. It is not merely business sections which the Rhinelander family owns, however; they derive stupendous rentals from a vast number of tenement houses. The Rhinelanders, also, employ their great surplus revenues in constantly buying more land.
"Promising young couples" might be given "healthy and convenient houses at low rentals," he suggests, and no doubt it could be contrived that they should pay their rent partly or entirely per stone of family annually produced. And he has also proposed that "diplomas" should be granted to young men and women of high class big S and upward and that they should be encouraged to intermarry young.
He built a store for his sturdy pioneers, giving credit for their simple needs of life, and traded settlement products for them. His tenants put up log houses, and paid rent in butter, wheat, corn, oats, maple-sugar, and finally in pork; so much that rentals known as "pork leases" were sold like farms.
And this was an issue it was not deemed wise to press, for The Tyee Lumber Company owned every house and lot in town, and Hector McKaye owned every share of stock in the Tyee Lumber Company. If he was a sort of feudal baron, he was a gentle and kindly one; large building-plots, pretty little bungalows, cheap rentals, and no taxation constituted a social condition that few desired to change.
They are usually young unmarried persons, some being women; and when they marry they sink to the class of metayers, or, more seldom, become renters. The renters for fixed money rentals are the first of the emerging classes, and form five per cent of the families.
Your tenants and laborers are being devoured by this excessive competition, whilst you, their magnanimous landlords, shelter yourselves from all competition by the Corn Law yourselves have passed, and make the competition of all other classes serve still more to swell your rentals.
There are apartment houses in New York that offer suites of fifteen to twenty rooms, with from five to ten baths, at yearly rentals that approximate wealth to the average man, but these apartments are for the few, and there are hundreds of thousands of apartments for the many that have the same essential conveniences.
The Bell Company, on its part, agreed to buy the Western Union Telephone System, to pay the Western Union a royalty of twenty per cent on all telephone rentals, and not to engage in the telegraph business.
Resting on this truth, and then discovering that money may represent lands, the necessary conclusion must be, that land rentals are without justice. Reversing the order of their argument, they assumed a false premise, and from it attempted to prove true the very proposition they had found to be false. There is the usury of lands as well as of "money or victuals."
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