Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1864-04-04
Speculation i'm New vork-A Coming
Crash.
New York Correspondence Boston Journal

New York Correspondence Boston journal.
Not since the wnr broke out have shre~d men
been so much at their wits end as now. Speech
lation is rampant aud men fairly mad with
the gambling mania But these are umhedged
spectators who have vet To Learn how treacher
Gus aud unce tain the sea is on which they have
lauuched their all. Men OF capital are standing
alouf from tie madness Of this hour They con.
fdently predict a crash that will Toe more sweep
ing than anything New YoOk has known this
century. A gentleman of large means called
/ upon one OF our largest and most successful
brokers this week. told him, he had 500 900 to
invest and said him. what would YOU advise
me to doI Just then a donkey cart went by driven
by an ashman. go and ask that man" said the
broker. ''he knDws much about 10 MS ! do. 7"
Such is the general feeling among shrewd and
experienced capitalists.
/ The speculations in real estate the past year
have been astonishing. Prices have reached
| figure that il is impossible for them 10 maintain.
A broker in the city in 1886 hired a house on
| Fifth avenue, and took lease ut $1,000 That
was considered a high price for il In January
last he underlet the house at the rate of So 5U0
year. SEINE. annually in advance He il now
travelling ia Europe the gain. house that
was sold in November for $4,000 was sold in
| February for S5ll, 900, aud the owner is grumb-
ling over the loss OF SO. 400 on the sale. as he
has since found who would have given
him 500 900 for IL Men have been sold out OF
house and home by asking what they supposed
to be exhorbilant price for their properly, and
finding themselves suddenly TAX up One
man offered house that cost him SIG 900 for
SOS. 900. His offer was Immediately taken
When the papers were drawn they were made
out TO third party 10 whom the second party
had sold Rt advance OF $40 900.
An ex Mayor OF the city, who lived in an ele-
CANT residence IN sumpiuous style, was visited
one day by two ladies. who asked permission To
look ut his house. stating that the house next
door was for sale. but the occupants would not
allow them 10 view IT, His Honor courteously
informed them that the houses in that block we're
exactly alike. and they might examine his house
rs fully ms they pleased On leaving. one Of the
your housed" "Oh. yes" said his Honor, 81
would sell anything but my wife and children ."
That afternoon he received / note from leading
real estate house. asking him IL he would sell his
house. and nc what price He offered IL at $780,
O00 The offer was taken al once. The papers
we're passed and the money paid that night.
The next day t sold for sac, 500 Two
or three things in this transaction made His
Honor little unquiet. He offered his
house SO 600 less than his next door neghbor
! asked. He had to abandon his comfortable and
luxurious home instantly. He was literally
turned into the street. Somebody made SIT, 500
ont of him. Getting a fashionable residence nc
any price was out of the question. Nothing re-
! msined for him but the overcro wded Filth Av.
onne Hotel He is now with his family in the
attic story. waiting for something to turn up. Z
Such state OF things cannot abide Our
shrewdest inanciers are looking out for a crash
Our leading merchants confess that theS do not