Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-11-25
LOCAL ITEMS.
The Carriers Of this paper se sahodi'd to charge
twenty-five cents Der week for their delivery.
sALx OF rH, EIcs.nss Reinstatement to adVer.

HALE OF TIE ExcaAHas HcfE.-Parsaant 10 adver.
tissment, the Exchange Hotel, In this city, was sold ct
public auction yesterday, at the instance OF the stock.
hcliers, b. Assns. Godain & AppeIson, ~sucsione n-
Tee lot upon which the building 8 ard fronts hs feet
on Prark q street, sad runs 10 / 200 feet 70 Tru Heart
alley, bounded on the vest BY Pearl street. aud on the
east by New street. The main portion Of the lot va,
formerly occupied by 4 tobacco warehouse. Tee hotel
u % well known throughout the country as 70 require
no special description 10 this notice, beyond Il a. given
below. The properly 10 suhjec. to q ground rent OF
81 0ao per snnum, payable quarterly to be increased BY
the sum Of $50 per nnnuD, Likewise payable sisr .efy,
after the dea,h OF Mrs. Stetson
The eIers vsness OF the ofsring, and the curiosity
felt to know vi a; tie property would bring, atractds
large crowd OF persons-tbe largest perhaps, ever as
,enbled at any sale Ct real es.ae in this city. A few
minutes past IL o'clock, Mr.. Godiin announced that be
would commence the sale. BE first read the advertise.
msnt, and then exhibited a map or plan Of the property,
drawn by NJ. Bates In 1850 BE then read q paper con.
tanning the following statements:
The buileise was erectsi 10 1910 Of the cost Of about
slis 600, (eIclrsivs Of the lnol The brick work wss
laid &C about 81 per n. and the stoDe and o,hsr WORK in
proportion. The real estate, In fee simple, besd 9
lnat on which tho annuity 10 caargsaels, cos shout
5000 Tee stores under the hotel nos rent fJr q 900,
| and the hotel for Sl2. 900 making the total rsnttl So
600 per snnum.
Connected with and belonging to the hotel is a Arg,
| culvert extending through Tiush' arse Alley into Shecioe
Ore.k K. Toe purchaser may require NJ. Ballard 10 re'
Il move TIC UEt0Rt Ouu6CduH ~ u y WNtu ~
Ballard House and replace that part Of the building IN lie
original condid61, upss be and Mr. B.lard . Goes -
arrange otherwise. III. B. has the pdvik g. Of rsnov.
ing the brdge)
| Toe building is insured against 6'e, for SIS 000-l0, 900
| Of the amtun, being In the mutual cfi >, ana the quota
| III ,reil for 1852 paid. TIE remain q s45 900 10 In other
| offices, the premium paid 10 lsE July 1858 the Den, d.
OF -bich shall accrue TO the purchaser, w: A'bem,re,
IS. 900 Merchants, $40 900; Lynchturg =. L. and M.
-. nn... sEnln. 0n.,o ~ u. stn 900.
| Virginia Fire and hariae Insurance COMPANY. $40 900;
Lyrchburs q. and r. Insurance Company, So OOO.
nr. Goddin stated, in addition, that Possession Of the
hotel would be given on or before lhs lat Of January,
but lbe stores were leased until the u January, 1864.
Az advance Of leo per cent. 10 the rent had been CIR
ed for several OF them. he also stated that the pu'cha-
scr would have the privilege Of discbsIging 81 600 Of
the ground rent, by paying to DR.. Mis- the CAPT al, OF
which that sum was the legal rate OF interest. lie then
commenced the sale. I'D obtained q starting bid OF sixty
thousand dollars, then sevtny.fvs BE announced that
the sale would DO made without Emi. or reservation.-
The bids increased tu ,cssdvely 70 80 IS. 80, So. and
then BY thousands TO 9S, a. which figures competition
Lsekened, aud a long "d~slr took pl.ca. Presently 80
.as bid, and then 100000 No one seemed dspos. d
to bid 9 larger sun, and kr. Godoin, after repeating tho
Did a number Of timee, remarked that he would give ore
minutes line, BY the watch, and II another bid was Lot
made within that time, he would have TO knock the
p operty CT. 100000 only bid for the Exchange
Hotel-will you bid s"y more or notf You have but
half = minute kf. Going 81 800 .O0-s very los price
loo only bid-l0O-l00. Tae reporter or he Wing
is pr,ssrt, and If you DO rot bid more, be will ave TO
s~nnourcs the sale at low f cures. Gsntlemen, the pro-
PEI is about to 90. Are yoI all don.f 0uos-twice
-sl0l-you JUST saved your distance BY the eighth Of
a minute SOL O00-going new a -shal |
have anota,r thousands After dwelling a,out two
minutes on this bid, NJ. g. asked, Evil any gentleman
od any moreS l: moi, l will nos close the lae-once.
twice, th-r-ee-hr. Lancaster. nr. L. buys oil the bsr.
gains"
The properly being thus disposed o., the crowd dis.
persed. commenting with one another upon the resul RI
he sale-the mtj rty being Of the opinion that il sold
low. l. IL understood that NJ. Lancaster bought the
property for a company. 10 conuaIt with this sale, we
az mention that the lot ct the corner Of Franklin ard
go streets, not % large as that upon which ste Ell
aaapge stands, was offered for rae at auction, . fe" days
since, and v;ihivdVn ct 1857 per fcot-the total eI.
ceediog $50 000l