The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-27

Real Estate Notes.

Real Estatc Notes.
The gradual disappearance Of strip Of land about
2bx1oO feet, covered with trees, &C.. near Fort
wayne Ind, is causing considerable comment
There Ia supposed 10 be an underground river or
lake. causing its slow washing away.
Mr. Hamp, OF ST. Louis, has recently purchased q
house and four lots Webster avenue, Yonkers, for
$4,000. Mr.. Shirky Of New York. has purchased
from Union Adams three lots leach 100 feet front by
2ls deep on Park street, ionkers, for $3.50 per lot
The residence Of Mr.. R2ndel, on Palisade avenue,
YonKers with one acre Of ground In lawn and gar
| den, sold for $33, co.,
The question as to the ownership Of the socalled
Jer Davis mansion, in Richmond, is soon TO be
brought into court. 1t bought by the city in
1861 for $4,000, with the intention of giving 1t to
the Confederacy a residence for Its Presi-
dent. Tho rebel Congress declined to accept
1t. but authorized its renting for the use Of
JET Davis. IL fell into our hands when Richmond
was captured, and has been under the control OF
the War Department ever since Richmond fell. The
City Council now sets up claim to 1t, and is going
to present big bill for rent which, 1t is presumed
the department VIII refuse to pay, and then suit is
to be brought.
The New York Mercury says:-Mr. Grisw0ld,
owner OF the lr0nsdes has purchased twenty three
acres OF land next south OF Rocky Point and 1t Is
supposed pose that he WIN put out wharf and have a
landing place OF his own. But whether he will do so
at once depends upon the decision which is to be
rendered by the Supreme Court. lit Is adverse to
the Ironsides in landing passengers, wharf 1so
feet IN length by 70 IN width will be built at once
Of considerable interest," as whatever it NAV be-. il
will afrect the interests OF parties throughout the
state who own shore privileges But we must wait
from the Providence papers OF yesterday that the
counsel for the American Steamboat Company have
not furnished their argument to the honorable
judges.
Herald OF the 2lst inst.) by Mi. John Dun the
Vice President OF the Union Pacnc, that the lands
OF the company would be placed In the market in
few g, 90 days The graduation Of prices ranges from
" % 10 ten dollars per acre. They embrace all
lands within ten mile limit for distance Of 200
miles west Of Omaha The terms are twenty-five
per cent nrst cash payment-the balance In one two
the land bonds OF the company being taken at par
III payment Since these bonds can be purchased at
seventy cents it us that the company are by
his latter condition enabling those In want OF cheap
lands to get them on terms never before offered by
railroad corporation. We have no time for COM
ment; but merely remark that while the terms of
the company offer The rarest inducements to those
stead OF three years for the last payment would be
TO the advantage OF both road aud people,
The AUG Californian OF July 10, speaking OF real
estate movements in San Francisco, says:-The
spirit OF speculation and consequent imitation OF
values has ar oustrpped IN relative proportion the
crease has been. and as It takes more money to
represent 10 the transfer Of property at its enhanced
ness the paradox OF an apparent scarcity in the face
OF ABUNDANT means; and until prices fall to legit-
mate and fair value there will be what is known as
tight money market. Property may expand and
De inflated in value through speculation but money
cannot be created or manufactured in this way hence
IL ID mat In few years the transferable property
or country Is held at an increase in value OF 500
per cent unless the circulating medium has kept
pace ana increased In relative quantity with the rise
In the value OF property, the price then Is specua-
tve not real, and until ii Is reduced to Its true value
there can be no ease or reliability in the money
market
The following Is o list OF the Homestead Associa.
lions incorporated in June in san Francisco