The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-02-18

THURSDAY MORN ING, FEBRUARY Is. 1853.
gtm orleans Heal estate @arket
CRESCENT OFFICE, 81 Camp Street. I
New Orleans, Feb. Is. 1853

New Orleans Feb. IS. 1853 ;
The drencbing rain which prevailed yesterday
forenoon efectually checked any disposition ior
investment in real estate which might have ex-
listed, and consequently, as far as we were able to
learn, the market was fat. Thanks 10 ''our eff.
cient and complete system Of drainage" the rear
of our city never can be submerged for more than
q month or six weeks at time; therefore we
can confidently predict that at an early date in
the spring, say the latter part Of May or be.
ginning OF June, the real estate In that
locality will be sufficiently clear Of water to admit
of its being put on the market. In the mean.
time let us await the time with patience" until
some still more efficient system shall be adopted,
and the vast quantity of property now solely in
hs5ited by bull frogs and alligators be made dry
land, wherein another species OF population can
reside. When this much wished for result shall
be obtained, we believe that the borders OF the
lake will be studded with summer residences,
and New Orleans will contain within itself all
the advantages Of great commercial city, and a
delightful place Of summer resort. We can see no
good reason why that portion Of the lake shore
within the bounds Of our corporation, should not
be equally salubrious as that on the opposite
shore in st. Tsmmany parsh-always granting
that the bogs and marshes now existing be
drained. And when the vast value which would
be thus given the real estate there Is considered
and the great advantages TO public health which
would result from the drainage Of these lands, we
cannot see how there can possibly be two opin-
ions about the necessary Tor an cary ettempt 70
accomplish this even II extraordinary privileges
have to be given to the parties who undertake and
carry out 30 desirable public work.
The city of New Orleans has been waiting upon
private enterprise TO accomplish this for fifty
years, and it has been disappointed until yet.
Population has been forced from the business
center Of the city TO distant suburbs above, and
city which has ground enough to give comforta-
BILE living room to two millions of population, has
already been the mother of half dozen towns
and villaUea on the coast.
We are well aware that there Is deeply
grounded antipsthy to granting extraordinary
privileges and franchises to any parties whatso-
ever. This is beyond q doubt the proper princi,
| pie generally; but there may be exceptional
cases. And may not it be advisable to grant ex
rsordinsry privileges 10 parties who would effect
ually drain the whole rear OF our city, and create
| fourisbng suburbs 10 sections now uninhabitsble
turn back the tide Of population from where il Il
| now going outside our limits to our own districts
| and increase the public revenues?
Let us wait and hope for the best. Any par
BY which real estate can be enhanced IN VALUE
| will prove beneficial to our city eventually. Fo
real estate can only be advanced in value oy mes
sures which are of general public benefit, and NJ
measures which will give it additional value cal
fail Of doing great good to the msjority OF tn
| community.