The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-07
our albany Correspondence.

Our Albany Corresponds nee.
ALBANY, Jan. g, 1861
Proposed Lela,tor for ne Central Pc'S-Fr'raord'n@y
yesiral Of The Incorporation Scheme-7'e Nofh End
sy,Bte,sion and nc Dssc,ntnaanoc Of Prosef'ngs-A
.ront scs Cooperation IN The Csrsya1 Pors Gron"as-
1,fsocroiic Chs Houses CsnSratorie Refeoories the
O,,u ard an S,ts Of Gay Concerns 10 b. Projected IN
ne Promises, de-, dc.
There arc some facts 10 stated touching the Central
Park aud proposed legislation regard 70 IL here this
winter which require detail than paragraph in
your general dasIat,hes.
IL appears that there general concurrence IN the
cxpeicroy o. reducing the number OF members in the
goard when the Investigating Committee shall report,
n hin VIII he introduced remodcllng the commission,
vosiby in the o the Commission for Corrections
and Charities Is conceded that the division of such
uoards equally between the two political parties has
been found 20 wori: pretty we'll
The Control Park Board comprises eleven men,
bers Of whom three absentees abroad II is not yet
settled who win b. retained OF the present commission
The fate Of tie proposed extension addition TO the
north end Of The Park viii probably have much to do
with The matter Messrs. T. G Fields and John A. G
Gray have been variance this subject the latter
pesisteuiy opposing the extension, whilst the other as
ecyey sustained il, The has been ta, the Board
as assumed The right 10 order dscontnuance Of the
sgal proceedings for taking the twelve blocks Of land
from iO6 street TO ITO street between the Filth and
Ahc three Commissioners named By the Central Park
osrd the Supreme Court and the property owners and
whose eppfeisement viii shortly be acted upon by the
Court Should this action Of ihe Board in stopping these
roceedings be sustained, there will be regular civil
among the various parties in interest, and the battle
be fought out here in the Hobbies and IN the Legs
lure
IL H. Of no great consequence perhaps who shall be
control the to be excluded from included
To f1hn nui,lir
owners the fight about the extension and its cec, upon
The speedy completion OF the Park Of far
The Board It's adv have taken very safe and judi
ground IN relieving themselves Of responsibility for
the large assessment Of million and half Of dollars
which lie ada,tion will cost At the the tax
ing Of the land determined upon its value vastly
less and doubt that at this mt the appraisemcnt
"a view @, tie times could not be realized In the market
But the claim that at the time when the report
declared, the value Of lots had reached by actual
saI ian borsond dollars for font lois at the lower end
OF the Paik and that neither the original value panic
appraemen, under the temporary pressure the times,
win be endured by them The valuations Of The report
range from nine hundred dollars for the lots FIVE
thousand dollars for the front lots In which tho majority
OF tho owners acquiesce When the matter up for
Consideration in court there win be very curious exhi
bon Of the rapid rise in value OF real estate around the
Park II is certain that while the valuations
OF property in the whole city have only doubled ia ten
years. the actual sales around the Park show
Of value in two years Of teniod Thus, lots sold in 1858
between Fifty eighth and Fifty ninth streets for 81 900
were disposed Of last year Sl9 600 Where will they
be this year, They would not now realize the old
ssoners allowed less than the Corporation mortgages
lois bought from the city
arisen most singular scheme, which has its agents al
ready IN The Hobbies her. making their arrangements Il
Canization has been mad: by portion portion Of the
proposed extension Of the Park Cor the purpose of de-
voting II 70 private uses and private profit Nothing
cr~mme In question The ACT authorizing the extension
makes thc land portion Of the Park as II had been
oity The streets ana avenues arc thus closed and the
lawyers claim that under the action of the Central Park
reserved under a now sct OF the legislature and until
the land remains 10 all intenls AMI purposes por
OF Tie Central Pa In the possession and free use
OF the private owners The few parties in this plot
poet that by embarrassing the proceedings they will be
by preventing any further legislation here they ut
tse,y the curious and anomalous advantage of
o. The Park. which, assumed can be pu. in few
years tie reach forever of FITS purchase or seizure
proyemeGts and the rIse in It's value
-Thc assessment Is formidable enough, but what
would the be II the projects Of these spectators are
successfully SCI on foos They propose 70 establish
another speculation in the north end OF the Park after
the fashion Of The exploded Crystal Palace schemes The
iioa Of putting the Park into the hands OF corporation
which already been attempted before the legislature
WILL seems, be tried again this winter in the form OF
ret 10 mako the land OF the proposed extension the
basis OF joint stock company, 10 finish this end Of the
lerl Of their own expense II Is assumed that the pro
building magnificent sumner club house, reectorics
End livery or ciriaPe depots conservatories and
museums, elegant arstocraiic summer payllions,
90 be rented Ike the houses in Regents
Park London with various others OF the features in
GUIDED in The parks abroad. u has not transpired
whether will he taken into the precious precinct
Tut would he interesting TO know whether he thinks y
could be maio 10 pay.
The Battery schemes OF Vanderbilt and OF Law the
railroad rnd ferry legislation here last winter The West
washington market, Lowber and other like enterprises
az private and energetic individuals with the municipal
mope,ty will shrink into small business compared with
lhe bodncss and ingenuity OF this scheme for subvertDg
The Central Park 10 tho profit and use OF Joint stock
coronation Bat view Of the amount NJ stake itwoud
not extraordinary II the OF the park extension
should Ne able u transfer OF the whole park TO
their priyat, keeping. II would not he than
Gone last winter III the OF the public streets when
they were distributed among the gridiron lobby.