New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-17
gltlp Orleans 9aiIg Crescent.
rRIpAr MoRNING. pEoEMBER Il, Is58
- nTcnonogln Estnte.

nc 4Ae-A1o.'S!, = E-S'
perhaps there never was ana never viii be matter
of such general interest in the community Of New
f)rleans-o1e in which they have such right to the
possession Of faots--but with regard to which the
popular information is 50 limited, so erroneous and
conflicting. a. the Mcponoeh estate--its condition at
any time The location Of the property and the period
and manner oF It's ultimate disposition. The most
extraordinary ideas Of its value have now maintained,
and then contradictory estimate falling far below
the trnth has succeeded The first valuation that the
property underwent after the death Of the testator
was immensely exoFbtant, fabulous indeed, and gave
the people, who are the heirs, exravagant ideas Of
The amount Of the bequest, and ever after they
found it hard to receive with equanimity any more
correct estimate which reduced their inheritance 50
much below the mark of value which first won, and
upon which they had fixed, their affections.
The matter has been terribly complicated by suits
and counter suits, and alH manner Of litigation en-
coHraged by the elaborate, but impraetcabe scheme
Of administration, devised by the testator The par
tition Of the property between New Orleans and
Baltimore was famous stumbling block which was
finally surmounted by division in kind. The portion
of New Orleans will be sold at public auction prob.
ably, early in February next and it is expected that
before the season is over Baltimore will put her por-
ton in the market.
Those most familiar with the condition and loea.
ton Of the property are of the opinion that its alu
alton in the report of the Commissioners for 1858
will not be materially affected by the result Of the
sales This valuation differs materially from the tax
appraisementp discrepancy to be accounted for by
the imaginary estimate put upon unimproved and
swamp property. Much Of this to which we refer
consists q swamp lots IN the tauoourg Washington,
Inird DISTRICT and N the rear OF the same, now OIL
hste value compared with land more iayorably To-
Gated but destined to appreciate immensely
Ine real estate mas been appraised Of late years at
between Sl,'oV,9uo and SI'SOo,Ooo or considerably
spoVe Us ValNaaon' ~ the experts; and the unim'
proved condition OF the bulk Of it may be conceived
rom the Iaet that the nett income from this vast
amount lor the year 1891 Tell considerably below
9Se.V0o' now stFohg an argument Is tnls IN iaHor
y ~ conversion q ING propefEy-nott 70 mention
osn9is ahu sun y 'ne SAME elu-atnohg the
pupno Denehvs miioh W aoptue iaotl tae vacant
plUely peins p,aosu ~ .le nanus o. 'ose VINO VIII
Dslu al'on Wy o'li y \, IMPROVE y
y ae u,fisoh u 'ie eS.a1e the estimated Vaiae Of
P.Opei'y "ppoaelohea " New ofieans u me Flfst
D.s.iise w s-oOuVo Y baIaore IN tne same DIS
Much OF thls consists Oh lots vacant
y poofiy pu1 up, the most valuable BITS For which
new orleahs came IN beng lot built up with cot
Io sieus a. tne corner @ New Leyee and Rotignac,
pus qo"n ~ SzoeOO store corner fGhoapltoulas and
dtoheA, z2souu; 40. corner New LeYee and NatChez,