Citation Numbers: 26 N.Y.S. 584, 81 N.Y. Sup. Ct. 393, 57 N.Y. St. Rep. 244, 74 Hun 393
Judges: Brunt
Filed Date: 12/15/1893
Status: Precedential
Modified Date: 11/12/2024
This action was brought to recover past and fee damages caused by the construction and operation of the elevated railroad in the Bowery, upon which the property of the plaintiff abuts. We see no reason for disturbing the conclusion at which the learned judge below arrived upon the consideration of the evidence adduced before him upon the trial. The fallacy of the argument presented by the learned counsel for the appellant arises from the fact that he seems to assume that the rise in real estate between the time of the commencement of the construction of the defendants’ railroad and the present is attributable exclusively to the benefits conferred upon such property by the construction and operation of such railroad, entirely ignoring the fact •that from 1873 to and unto the year 1877 there was a depression in real estate, the result of the panic in 1873, such as this city has seldom seen; a recovery from which, whether the elevated railroads were built or not, was as certain as that this country would again become prosperous. It is not considered necessary to discuss the evidence in detail. It seems to justify the conclusion at which the learned court below arrived. Exceptions were taken to the