, 1859-10-08
39rcss & Trihumc.
SATURDAY. OCTOBER 8, 1859.
REAL ESTATE.

SATURDAY. OCTOBER 8, 1859.
REAL ESTATE.
In the report Of tile proceedings ut the Real
Estate neeting held in this city on Taufsoay
evening, VIC ase pleased to notice two tang'b1e,
common sense ideas, which, though not tho
most prominent suggestions elected By tho oc-
casion, wc conceive 10 be tho only ones which
will ever make The difference Of dollar
in the prosperity Of Chicago Or in the prico Of
ground per foot 'front.' We refer first, to tho
suggestion that large, manufacturing indus
try is needed TO- 0x tho value oT real es.ate
aud to put them on basis Of certain enhance
mcnt; and second, to the notion advanced BY
considerable holder Of real estate, TINT il prop
erty is too high it should sell Mt lower rates.
AL that part Of the discussion based on the
Obvious belief that corner lots may be turned
into federal currency by spouting and Tesou"
tons might better Aayc been left rnsaid. 50,
too, Of that portion which dwclt on the Largo
receipts and shipments Of wheat and corn Mt
this point, which give employment to few
steam elevators aud respectable feet Of sail
ing crait, yielding commissions to few score
Of ~corner" gentlemen. and paying dividends
IN 4bc Ecw York AID Connecticut owners Of
our Railroads. Rca! estate is Of TINT solid,
;,nncrturhah]e character which Is not blown
about }v s,,c1, little 1,rcczcs "a these
yo,h;nc in tho comuerci,, and financial sys-
tcm ia bet1er established than tho nriacin.e
that reaI estate will accommodate ITSELF as to
price, squa1cly to existing facts Tho idea
entertained by at least ono speaker ut the
meeting on Thursday, that "therc is no good
reason why property in Ills civ should mol
hare a ready sale.n is highly absurd, # there
were no rood reason wl,r property should not
hare a ready sa1e, it ,ps,M have ready sa]e;
md we believe tic meeting, in which this
thought was uttered, was called to consider
Tie reasons why it hs.s not ready salc. II
real estate is difficult or impossible Of sale at
nresrn, nr;ccz the ;ust inference Of the district
ec1,oo,.bov wopld be-. that tl,e prices are too
h;,h md +b,, ,,n,ess ncu-.,nd nooro favorable
conditions are brought about tic prices must
come down. There is but one refuge from
this logic and that is found in q case where
Mi the holders Of real estate arc so rich that
,hav nec3 coror sol, ,or ;,cur the },azar1 or
a sale through, tia intervention Of tho Sheriff:
S;nce lin conditions which 1uay enhance the
xnlue Of real property in this city arc nccessa.
rIv Of slow croytl,-amoupting to something
more substantial than tue passage Of million
bushels Of grain. more or less, through the
mouth of Chicago riycr-we make bold to
sar that nr;ces are ton Iirh. and Tint before
4be per;oa of "readv ss1cs " comes tn enrich
the owners Of prairio souarcs. nrices will be
lower. The game Of ..pufiur'' c;tv and town
1ots into actiyity is n]ayed out md the fart
might "a vc}1 he printed 1or the ecneru, nu,,.
liz N mad M ,r1,;sncrcd in tha h,,k n,r,ore of
roa1 cst.ta otY;.s Eo- considerable TINA
hama o,t,,,1 ,cc,,,,,;or a,,a ne. u7,r ,ovorn
In 6n,ros a. ,,,,;,,, vo,, oet,to o,n ,n,ro
-,t,ar t,,on .1,a ,,ro.na,t;vo ,,t;,;ty md r,,,o
,r,,;cb mov Iva rc,,;zcd 7r1on b,s;nese sh,,,
ha.,a tro1lod o- ouadr,,,od n o~+or+ Tho
eo11a,sa IF 1e57 ,,;1, mt o,,cl1., d;a or+ or
,na,,s m;,de mr. arm Ia e,,a;c,tod br tin
oa...x;r ..,+;,,;,z IT .,,o 1o-o
1Fo nm o;va m ,dv;,o n .ho ,o,aa,s or
na} cstato in the nrcsent ex;cancv without
filling into onc Of the absurdit;ca which wo
dcnrccats in other peon1c's mouths-tlat of
declaiminp acainst ;rrefracih1e facts wa ac,n.
MT adr;se 4 IN sc,, ,,,lf h;s nno,cr,v ,t oo
r,- ,<,nt ,o.a t,,an ~, e,,,o, n:,,;a,, J.. -.
nt,achcd to + ,,oc,us. ba .;ur,,, ,ro,.,+ A. i
lin :. oh,;.oa ~ H. rn.r tou H.. ,,,..
~. ,,n. =. as,a,.a a.. -n1ro ~ -.o....- :.
n a;,;do # mn ,,,ono , m,,titrde nfha,5.-. ot
f,;r nr;.na or ,t f,o,,rre ub;c,, n,;,bt soom IN
lin rr;no,,s,v INV rv;u mt ,nalo w,,a+
Ia c,,;ms n s,c,;f,c, 1,- IL. ha,.f,t ,f n r. and