Daily evening star. [volume] (Washington [D.C.]) 1852-1854, 1854-06-10
BALTIMORE CORRESPONDENCE.
BALTIMORE, June 9-10P.

BALTIMORE, June 9-10P.M.
The increasing value of real estate IN
and around Baltimore, and more eSpe-
ciallv in the suburbs, is matter of as.
constituent Small strips of land, which
not many years ago were barren and
valuelesS, now are under Improvement
and command exorbitant prices. The
well known and beautifully located coun-
try seat, called "Belvidere," formerly
owned by the Towards, of which the
Hon. Benjamin c. Howard was proprie-
tor, now belonging to Mr.. Mckim, was
purchased by the latter some ten years
ago for $4,000. 1t is now within the
city limits, being laid off in streets, and
valued at nearly, or quite, $500, 900.
The old Howard Mansion, with its SPLEEN
did park Of venerable oaks still remain;
but the dcSpoiling, relentless hand of i'm.
prOvement, IS encroaching daily upon
them, and ere long they will have disap-
peared to be known no more except by
the record of "reminiscences. Oaks, which
for century or more have reared their
giant arms towards heaven, or stood,
perhaps, amid the whistling winds, be-
fore Baltimore had an identity, are now
filling beneath the woodlands axe and
giving place to beautiful residences. The
ground where they had root, which could
a brief period back have been bought for
4 few hundred dollars per acre, cannot
now be purchased for as many thousands.
A small lot, of an acre or two, with a
meagre cottage, is now equal in value to
what an entire farm, similarly located,
was worth within the memory of my
own recollection. Independent fortunes
have been realized by this unprecedented
rise in the value of suburban property.
Those who bought farms few miles out
Of Baltimore county, particularly in a
north and nerthwesterly direction, made
fortunate investments. 4 country seat,
with ten acres attached, some five miles
out, was sold four years since for So 500.
The present owner was offered $50, 900
for 1t last week, which he refused. Nu-
merOus instances of similar character
might be given. TIE Cattle Show grounds
a. the extremity of north Charles street,
were bought by the company three years
ago for $1,000. The same property, If
put up at auction, would perhaps bring
$4,000. In all directions surrounding
Baltimore may be noticed proportionate
increase IN the value of real estate From
these facts you may judge that our city
Is growing and increasing, not only in
population, but In business and CONNER
cial wealth beyond any computation.
This healthful condition of affairs is
attributable in a very great degree, to the
onward march of internal improvement
TO our railroads, steamboat lines, and
other facilities of conveyance Under
such circumstances, and in the face Of
such overwhelming arguments, it seems
singular that there are still capitalists
and large property holders in our midst,
who withhold their aid and encourage
ment towards enterprises yet wanting to
increase our commerce, and place the
city upon still higher eIninence. The
long talked Of line o. Liverpool steamers,
thing so p.uch wanted, thus far has
Slumbered, except al intervals, and then
only to wake for more profound sleep.
If there is ore thing of which Baltimore
should be ashamed, 1t is her hardness in
TINS great enterprise, and the reproach of
having no direct steam communication
with Europe. A capital of two millions
OF dollars would accomplish it, and being
consummated, an Increased value Of tie
millions or m5re-though at first, perhaps,
mperceptiblc-wOuld be added to the
real estate of her citizens.
The races were well attended by An i'm
mense crowd. Not a few Senators and
congressman We're present. The sport, |
am told, was very fine and highly ex-
citing. 1t was, in fact, the day of the
season. The purse of $1,000, four mile
heats, was commended for. Red Eve"
Fanny Fern, " and lone Eyed Joe" con-
tested Fanny Fern" was withdrawn
after the first heat, which was won bv
''one Eyed Joe. !" The second and third
heats were gained by ''Red Eye" who,
after running twelve miles took the purse.
Tue bets were largely in favor of Red
Eye" First heat--time, I'm. ass: Sc
cond, I'm. ass; third, SIN. 24s.-this lat
ter being considered bad time. 1t could,
however, have been made quicker, but
the necessity did not exist. There were
several other races, quite exciting. The
sweepstakes, three year old colts, purse
S3UO, was won by Col. Green's brown
FLY.
Much dissatisfaction is still expressed
NJ the management of these races, and
the bad accommodations afforded, to say
nothing Of the exorbitant charges I'M
posed upon visitors. The Proprietor
seems to have had in view the isolated
purpose OF making money, in which he
has no doubt succeeded. RoDERIcK.