Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-01-04

new new Yor1Eoeo MoAeo 80
un~e NEUTRALITY-SUSPICIOUS. -
nnases..Tno Lord 0o04 1oDs
berv..Dronseru and Dobbe.s.
The rrianph of shoDe0ro@Tho
Eastsnan Case.The 9omeo -.
tase-Nelson Chase.
Correspondence OF the Rochester Democrat
rmong other methods of speculation to
be found in New York, that OF taking leas-
es OF property is very successful enc, end
those who understand il have thus made
large fortunes. The plan purSpcd i TO o.
tain long leases in localities wbics prom %
future Improvement. man aesu'u'e oi
capital. and without Investing noiiar may
,hus oh,a,n control over large landed inter
..,s We know Of an individual who com
,o.nred rsars ego leasing such stores - no
c.,sId get Tor ten years. These ne
Immediately re-let on short LEAFS
e. at the same ratcs; but when
that tius Nd expired he could in>
crease and perhaps double on the rent
One man now has several rich leases tn
Bond street, which yield him an income
III $4,000 per annum:' Real -
tate men are lately more cautious, and
il 10 difficult to g.! lease. foe more
than three years, whereas they were fesmes-
y givsa lbr esn. and svea twesty ysaes.-
Il 10 said that lease Of twenty years 10 bet>
ter Than fee, inasmuch as within that time
the value OF property may be cooplstsly
changed BY the migration OF trade. An u
lustsatieo Of thss mifeoaioo 10 ohOoa " ~
coalition Of Front street.. In 164l, whso
the writer Il this Ras ,clssk for Edwin D.
Morgon-now United States Oenaaos-our
rent was q, 900. Subsequently the grocery
trade moved iato Bsosd street, and osr stsss
sank to half il former value, aad iss eos
year stood empty. Then came the war,
which expanded the financial world, and
which, for want Of room in Wall street, en-
tered Broadway street. and drove the gro
GERS out by overbidding them 10 rent. The
latter retired again to Front street, and the
store above referred TO now brings - 900
per year.
While speaking Of brokers, we are
led to refer 70 the case Of Frank Hell
len, recently arrested for having in his
possession = part Uf the bonds stolen
from the office Of Rufus Lord, the mil
lionaire. Mr.. Lord Was on cd man
who, though ostensibly broker, did
little more than collect his income, (sbeut
| $4,000 per week. and reinvest it. THIS of.
ticc was, last January. robbed Of . million
dollars worth Of bonds. A year has passed
away, and the bonds are traced to the posse>
sion Of Frank Heller, WaM stssse broker.
Ws presume tina, few gentIemanly fellows
Of the same craft had their eyes on the old
Insurer for long time, end that they robbed
him from day to day, under the cover Of bus.
mess.
Il 10 we'll understood thal certain @ called
respectable Wall strest seoekhouoos ars aes.
ing In concert with burglars, and that the
bonds stolen from the country banks,
ard from farm houses, are rapidly
passed int the hands VI the Soemer
and thus disposed Of The police have
made beginning in the case Of Mr.. :Hcl-
len, and We hear that they will make clean
work Of these williams. He'd they acted on
our suggestion, and gone at ones
through Wall street with sessch>wavranto
Mr.. Lord's bosds might hase bssa discev-
cred long ago. It 10 matter Of regret that,
Of street full Of scoandrcls, the oaly one
who has got to prison is young Ketchum,
who is, perhaps, the least guilty Of the
whole crowd.