The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1856-09-03

l., dollars, or two million four hundred an
e twenty thousand dollars--equal to fv
s hundred thousand pounds per acre. III
2 lot on Nassau-street adjoining the lot o
D which Messrs. Duncan, Sherman & c.
have commenced their new baBkine
, house, is considered abundantly wort
one hundred and twenty thousand dol
lars, but it ia held at one hundred az
y fifty thousand At the former figure,
J being but fifty feet by eighty, and con
tanning four thousand square feet, it i
held at the rate of one million thre
hundred and six thousand eight hun
dred dollars an acre. For the lot corne
of Cedar and Nassau-streets, now GOV
cred by the Law Buildings, twenty five
feet by eighty, ninety thousand dollars
we understand, were offered recently
which is at the rate of one million nine
hundred aud sixty thousand dollars pei
acre The lot aud building adjoining
the Custom House, lately occupied by
the Bank of the State and Bank oi
! Commerce, was sold to the u. States
| Government for five hundred and thirty
thousand dollars. Estimating the value
of the building at thirty thousand dol
lars, we have FIVE hundred thousand dol
lars for the value of the lot, the area of
which is nine thousand square feet. The
rate per acre is two million four hundred
and twenty thousand dollars, or FIVE
hundred thousand pounds. At the re-
cent change in the organization Of the
Mechanics Bank, the building and lot
occupied by the institution were ap-
praised at two hundred and thirty thou
sand dollars. The building is to be torn
down, so it was not counted in the np-
prasement. The lot is an irregular
piece of ground of all area of about five
thousand square feet, aad its valuation
per acre was more than tTo million dol
lars. Lot No. 1 WalE-strcet, twenty
two by fifty, was sold year ago for
ffIy Thousand dollars, which is at the
rate Of nearly two million dollars per
acre. Messrs. Duncan, Sherman 6
Co. paid for their lot, on the corner Of
Nassau and Pine streets, which is fifty
feet by eighty, oae huadrtd and forty
seven thousand dollars, which is at the
rate Of more than one Iniilion six hun
,lrei thousand dollars per acre.
With respect to leases, we have but
two Instances to report. The lot on the
northeast corner of Fulton-strce aud
Broadway, which contains ou!y one
thousand six i.audred square feet, is
subject to yearly rental of sixteen
thousand dollars. Estimating on the
same princip.e as in London, lat thirty
years purchase,) we have tor the value
of this lot the enormous sum Of four
hundred and eighty thousand dollars,
which is at the rate of more than twelve
million dollars per acre, or about two
million five hundred thousand pounds
sterling! We cannot give the exact
figures as to the amount of the yearly
rental of the lot on the southwest cor
ner of Broadway and Chambers street,
covered by building owned now by the
Shoe and Leather Dealers Bank, but
are sure of this much, that it is consi-
derably larger per acre than the rate at
which the Lord Mayors lot, mentioned
in the above extract, was let. 1t is pro-
per to add that, estimating the value at
the London rate, it cannot be correctly
applied to this city; about fifteen
years purchase would be more in ac-
cordance with circumstances. This
would make the value of the piece first
mentioned higher than Alderman Moons
lot.
e." Pop goes the weasel ~ has
become the chorus of a thousand snatch