New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-12-29
CALIFORNIA REAL ESTATE.

~ i'oruia real estate market docs not st, 10
60, -,rh affected 10y The late carthquah ~. i me re-
, ON lie contrary. the papers say tdl slicc lu ,
f hook occurred, country property mas imcI' a. +b
no md less real estate is being % pRnvr are
>, ,y nfy than sellers The general features oil lle
U'"A,t toa' ore i'm much demand The day following
,-+jouakc several persons started out 10 pA cuasr
poo .' ' tIi,Liug that there would be many exeter
'i ma they could buy at almost any price HIeat
s tl,eir surprise. however 10 nnd 10 abi1eI,," , I
,lcrs Those persons residing II the tlS fby NAV
hn" >H, ,d' timbers The consequence is country
w..s anu ''' IN No Great demand Many OF those
Kim, nave hitherto bccu living il notes VIZ H"' *
-i 1"u n'i have the eject OF keeping builders IRON
erecting fOur fvc-StOry buildings tSI,o,',y ~ I'm,
1,, men require more territory to accellJ',c t
.ni1ns trade Of san Francisco anu G%h IN tl late
sud cities OF tbe Pacific. There Is 20 S w 49,, lin
,,., will cause depression In tie price oI c'l eu
.lrd On made land A great pCl,ou,r h Lrl, ~, The
francisco against brick buildhEs, ~ VIZ 49, La,
I,,,t subsfsnfial manner. The Tide Lana SUIS mas
Decn extended beyond Hunter o.". i t6c ,., en-
t irbn the survey south of Hunters fuiht is ABOUT
% i,, rr,s The first section Of tho survey, extending
f, tne foot II sccond-St 10 Inc IO'itIO' - Coo'ou
,pd s.bdiyided into blocks and lots. ,o.,.,,
mo- I,.t Legislature established Board or Tue Lana
commissioners. and instructed them Ia survey an INC
,e .rilergcd aud swamp land belonging 10 Che state
within the limits OF tie city, make such reservations as
ilgLt be needed along me Guy Ioht TOT pupl' M ~,
and sell the remainder. In the course OF thtf uuts lc
I.trd have investigated the titles. under VINCE me
>Vanu-most 81 10 mas been hi,u IN aiHet ~ w.
rI they have come 10 Tho conclusion that belongs 10
o., state. H.
The assessed valne Of all the real estate IN
tre city OF san Francisco this year IL StJ'5,6l'Y
,,ln py am aggregate land tax of si,e3oo7s
a, much this property is located outside o Tue IA
low ,ire IL l. likely that tho value o. the whole
would be- nearly three times as much, OF al least SV
C,r's Real Estate Circular for the month Of October
-y During the month there were GIG sales " Ici ,
t In the city amounting S25ll702 Ihere were 200
mort during the past month amounting To SiOO!'i
TIE releases 123 amounted to $339559 The mOrtSaEes OF
.slo1 a
8 plo IN amount. Last month the mortgages were
ahead 10y 40 I'm number but 10y only SG1O&j ~ amount
purposes been in such active demand as at present
hose who going into debt with tins object IN N5M,
taking little risk houses frequently rent now before
they are finished. of the best to which borrowed
otur money now be put is the erection OF dwell
for our increasing population"
During the month OF October Dis deeds recorded,
rerr,.seiltinC q value OF Sg3lOs
ihr Francisco Reai EState RegieV shows that the
state tax is 81 on the SOD san Francisco real
amount Justly due the State Sl.3GO4GO S. Thus the
n Francisco Of real estate shows that the
NJ fine state taxpayers are defrauded 10 the amount
Of t36sg O5-nOt a sIu item in these days. The $780,
tnr sIo1, While The sis6OOO,OOc in san Francisco
exclusive OF personal property is taxed but 4Gl
the 500 In New-lOrk Pennsylvania and lli-
nOi- state Board OF Equalization Is found TO remedy
TINS state OF unequal taxation.
The Commission OF the General Land Office has re
ceuty rendered decision the effect that all the quartz
aud placer Of California for sale. This Is
complete abandonment OF the old law that mines must
not be- sold and it opens TO purchase many millions
wOrof property. aud offers titles 10 claims
occupied by enantTy at Will. Touching tins mat
Ter. The alta Californian says:
There peculiar features about the decision
that deserve public exposition. AS matter Of law we
gard as unsOund The Interpretation given TO the act
&C. 1906 by the Commissioner is contrary only
plain meaning OF the statute but TO the purposes
d s author and OF Congress The decision is one that
stand in tho courts, and the patents issued
il will convey title While deny tho sound
Dcss Of the law, assert the wisdom Of the policy
Of Commissioner Wilson's decision. 1t has been
without objection from any source Not paper
IN state has said word against it. The people gen
orally desire titles settled The miners want fee
simple TO their claims. We presume that number OF
applications will be- made for patents under the decision
n desirable the patents should be issued and
then Congress would Of course pass act confirming
them authorizing the sale of the remaining placer