Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1865-07-31
4:ailg Gmpire,
Enormous WeRith-The Leases
and ReDt-ROli Of Trinity
Church.

Ahu 1Nbt-Nph % hFEbtby
Church.
| BY statement in the New York World,
/ 1t seems that in 1866 the ninety nine year
leases given by the pre.revolutionary corpora
tors Of Trinity Church in that city, to John
Jacob Astor and others, will expire and an
immense amount OF property IN the lower
part of city will be in the market for improve.
ment. Many ofthe; Astor leases paid only
seventy cents per lot on property which nov
rents ali the way from five hundred to two
thousand five buEdred collars per house and
lot, and is worth now by the increased value
OF property, all aggregate Of six millions Of
dollars. Trinity Church will be among the
richest corporations in the world, and it's
rent-rol will equal that of an English duke.
The World says:
On the last Of May, 1866, the leases which
Mr. Astor obtained of the corporation OF an
immense portion OF the property, will expire
BY this circumstance, the corporation will
have full control Of real estate in the most
profitable part of the city, worth, It is estimn-
ted over six millions of dollars As property
hes risen 100 per cent. since these leases
were made, its "A matter Of doubt whether re-
newals of them will be granted at the present
rents. The subject will doubtless cause an
| The Astor ease it should be stated, in
cludes three hundred and thirty.sx lots,
which were let in the year l776, at seventy
J Eve cents per lot for term of ninety-uine
years. The lots of course all occupied by
buildings which yield generally high rents
Some idea OF the amount drawn from the
rents OF these buildings rnay be realized when
| il ia known that Mr. Ast or income last year
as returned in the Internal Revenue Office OF
the Sixth District, was over 81 300 900
| BIT is perhaps, needle So TO state that Mr..
Astor complied with ali the conditions upon
which he holds this vast property. That he
should be desirous OF retaining it,, eau not
escape wonder The heart OF an ordinary
proprietor OF real estate, involving rental
. thousand times less than that embodied in
the Astor leases, would incontonty break if he
found himself beleft ou the lst OF May, 1866,
of tho profitable twenty-five by ono hundred
structures which grace the broad area owned
| BY old Trinity. But, as u low churehman, de.
sirous Of consolidating Episcopal forces, it
can not be discreditsbe to the wealthy son
OF the renowned John Jacob that he should
regularly attend heservices in Trinity Church.
Hundreds, who have no interest in the pro-
perty, do So But the envious world will
talk, aud attribute the purest motives TO in
! NtlbHbt IHNch CltNEluntut OulhpOhNlli Dul lOT-
geliu of their holy calling, when
not more than ordinary busy with
| God indulge in detractive pleas.
autry, la this unfortunate spirit many min
isters--and We must add they are of low
church order-have discussed all about this
celebrated real estate, which an expired term
will carry into the broad lap Of Trinity next
year. What will Trinity do with it2' Will
It become an elephant on her hands by rea-
son OF the active surveillance of the Legis laes
ture, or the increased demands of No.
chnrchesY we're topics which provoked abx
controversy and the slightest degree of n ~
riment from these ordained gentlemen
One OF tnen, rector, whose white hairs
and uncouth honesty and candor, invest him
with more than ordinary license, recently
determined TO show what an excessive know
edge of human nature he had, by shedding
new light on this property question.
AS the story goes, he met Mr.. Astor one
day, and, being very familiar with him. spoke
of the fast-expirinP lenses.
"You go regularly to Trinity Church now2'
remarked the rector
"Oh, yes, answered Mr. Astor, in his quiet
way.
~ know oil hbour it, rej5iued be parson,
well, you know the reason | attend
lheref inquired the milllonaire.
eyes, do, replied the old par son, smil.
ing in manner which indicated that he
thought himself The possessor Of key which
would open great mystery,
81 go there Doctor, because my lady il
fond of music, rejoined Mr. Astor.
"Ah those leases those leases, Astor p
exclaimed the white haired parsOn, rs he in
dulFed in a species OF chuckling laughter
which betrayed memorable sceptic ism and
egoistie mirth. ,rv....-