A friend of mine who recently failed disastrously, showed me one of these new flat houses he had put up. It was three lots broad, each lot one hundred feet deep, making a front of seventy-five feet. Each of these lots he held to be worth $30,000, making $90,000 for the situation, though it was not on a fashionable street, but rather up a side street. He then raised one upon another seven apartments on each side of the entrance, and over the entrance were six bachelor apartments, each consisting of only one room, a bed alcove, and a bath closet. Consequently, there would be in such a building twenty tenants, of whom fourteen would be families. These fourteen paid from $1,800 to $1,300 apiece. Each had the same number of rooms, in the same space, the rents only being modified by the position of the floor. The lower floors of course rented higher than the upper floors. Generally speaking, each living place consisted of a parlor and a side room, either library or sitting room, a bath room, and a servant’s bath also, about three bed rooms, beside a servant’s bed room, a dining room, a kitchen, pantries and wardrobes. The only economy in such living lies in the reduction of the number of servants, and in the less expense of furnishing. The proprietor has to keep an engineer, an assistant engineer, a porter and assistant, and perhaps a housekeeper, and of course a watchman. Elevators front and rear accommodate the landlords and the servants. Such a building, exclusive of the ground, probably cost $150,000, and therefore it would be hard work to make ten per cent. upon it after paying salaries, taxes, etc. The bachelor apartments rented from $50 to $30 per month.