, 1864-04-06

WucA MoTe tuAH twenty years ago tract OF eighty
acres, just beyon Union Park, was sold for pal,
Of boots, and the yendes chuck1ed over his bar
gain; now real estate in Chicago holds 1t rather
higher figures, though no one really knows what II
Is worth. The usual mode Of determining the
value of an article il to consider what It will sell
for; this Ii Its floating yalae. The real worth ie
determined By the use to which man can put It
and then piece of property Is worth far more Ia
one than to another. Both Of these values are
equally subject to ductuation, and It ia scarcely
possible to predict the future OF either.
Few among thoee who have watched with in.
tcrest the rapid continuous rise In the estimated
value ofrea1 estate In Chicago will suppose that
there are pieces Of property IN this city which art
not worth eomuch now az they were few years
ago. yet such ts the fact. Whl1e In every part ol
the Eonth and West Divisions there has been a
steady appreciation In value. there are some por.
lions ofthe North Dlyisi on which are not 80 IA.
vorab1y located. A gentleman Of this city was r.
marking yesterday that he had just eoen the trans.
ier papers Of two lots On Huron Btreet which sold
ut $50 pr foot and said that be bon:ht that prop
erty himself In 1850 at s91 per foot, and 1e-sold
1t at $1Vo profit in gold. What fal WAS there my
brethren.
While this incident may not be accepted as
guage Of the comparative ralues Of property
throughout the city, 1t does indicate truth, which
Ill
the experience Of Panic forced conviction on the
people. then accepted and soon after forgotten
that speculative Talues are not always real ones.
The panic Of 1857 made til. apparent, as had many
others which preceded It; get the one which every
thinking man looks for as fast approaching will
f1d rs In Al equally foolish prcdicament. Lands
held at fabulous prices, rents demanded which in
two years will pay the first coat Of building prices
aeled for material and labor which cannot be long
sustained all these point most Enthusiastically to
season Of gloom. tine when imitation and spec
ulation, having done their work, will lcaye their
victims In the slough OF despondcncy.
PRESBYTERIAN THEOLOGICAL sEMNARY.-
The examination Of students In the Presbyterian
Theological Seminary Of the Northwest, CON-
menced yesterday morning In the new semtnay
edce on the corner Of Halsted stre ct and Fuller
ton avenue, On the northern limit Of the city The
exercises will be resumed th1s morning, aud con-
timed throughout the day. The subjects OF exam
iustion will embrace Didactic and Polemic thcol-
oey, Hebrew language, esclesIoloe1, exegesls In
the epistle1 to the RomanB and Hebrews, &c. The
attendsrce yesterday On the part Of friends was
very good, especially In view Of the miserable
weather. The attendance Of friends to the course
Is invited By the Faculty.
The annual meeting OF the Board Of Directors
Will be held this evening in the North Presbyterian
Church. The business Or tue meeting VIII be Pre-.
ceoeo oJ fei9aous e1esoses' commencing at W
ococs. ana se.mon os heF' u. a. hooertson. Of
fona an Lac "1sconfln. Ine exercises o1 the
s1aouauns class' .ne pfssentauon o. diplomas,
ana the aeofess 10 me e1ass on oeha Of the Board,
WILL oceo. II Inc : uiies1on avenue Chnfca to'mor-
~" eseuns'
TIE TA1LoRs' STR1KE.-Tha journcymen
tailors on strike met at their rooms In Rics's
791naTr
new members we.e added to The ranka of the nj.
rutarily uuemployed. As indicative Of tbr t,eht
se'n leu s upoa ns 'aneEs oy tne SOCIETY," We may
-1a.,rsnt ras0saa ~ ~ - ~ ,.o,,s uvT oas .. en-
-, .rbo hsa tn,,1o.,. ~. @ e!E
-, .r,.,or,, ,ro-.- su.oIa. n.u
eass.,oa ,"S e,xsisGsp as ~ .sason 1aa' tae AS
ttsssa .assa - s.t.es ~ ~, a1s 49,. ~ oIaw
=. 1.eu eNi4> ~ ~ ue WIN Tue
sanuto Auo .ne sstthel7 WAS aaJcsted on
te9"s sauslac'oFy 10 Tue 1aitef. Ihe Union re-
aaee ~ 40 ~ tepole a. ING 1ooms thrce
oaes oans' II IL yet 100 eariy TO determine Which
of 'ns opposing 1actons1 the employers and the
unemployed, VIII &c the first to make concessions.
Inc longest pote VIII take t1e petslmmons.
NORTH D1y1s1oF CopppnuFa Tho con.
petheads of tbe 18th w.ra h.ld an .,,hns,.s+T
gathering ut tie German Hall last evening. There
were exactly h1seen men and boys present. An OBJ
.... q! 1ameu eau,tsn'a elot atate
-,s.. ~ ~ ~ aeAss sA aus cue. a1sa-
~. 80 ~ =. tne present copper
1saa ~ ~ Iae Is eouncu' "as tnat
NJ. as poa.tIa ~ ~. 1omple1ioa fema'n as now tne
~. "oa.u NV AZ !,e sotpot.e eopael5. oe aoie
Lope'1s 'o4ese4fe tao e9ea' eo1potaEon toasen-
A9u' .,..
~ 'ne aeta -" a1u tne HaeeEng was netd as adses"
's ussu ~ suo CORPORATION otgan' 1nefe were only
e.en1 soIpelneaos p!esent, lneuolng tne oar.keep-
-, -. "sou ues' "neet Bull e1srum-
elaaees 10 ao'oufn ssae az.
THE EuoEMAKERs.-The iourneymen shoe-
makers who, on Monday, submitted to their en-
plogers workm.n's price list averaging twenty
nFe per cent over pseEaons rates. have as get re-
celseo no answer 10 their application. reply
Will IN aArtobabi'ity be given today: favorable
nc men "1h at once retnrn to theif work. other
~lse, mere seems 10 % determination on the part
OF tne men 10 oee.ase themselves on strike
~, a meeslng was ae.o as. evening, al ne German
l1estel, "n'en ~ae 1argels attenaea. INC pstnci-
PAL occasion arrived ~ was tnat men WORKING In
me snops o. Mesefs' heher' "aoaacs1 buckley,
f9eSney ana E1aeesons and those Who had not
signed the agreement to stand By the prices
adopted be requested to do 20, and that they strike
his morning.