New-York tribune., 1869-03-15
REAL ESTATE MOVEMENTS IN BOSTON.
THE "Fmrr ASSOCIATES"


The Boston Trdrcer gives curious and interesting b!s-
tory OF landed association in that city, from which we
extract the following particulars
The organization entitled the Ffty Associates u
landed association, composed ,htg ot My"hy CILeIs
OF Boston. aud owning large Hmount or properly ~
was originally chartered IA TIC year lslg Ine parties IN
Hsntmn Rich. John Heard Ir, shadrac Saattuok,
and Aipbes Cary aud their associates and succca,ors
np according TO tho amount Of interest each proprietor
held In the property The act pTovud thAl IL
might be laid on INC coo rarc- from time 70
time, the total amount on N'4 shSni3 no' De over
vote, and no one person coul hold over tTa oi
prctors of Museum Iia" suppose that the irh'irf'
Museum the s'artiug paint. TIE OBJECT I'r NLl,i
shares STe not 10 be found 90 tae market
or picked up 'Chaugc It holds property 9nt never
sells much Of its present wealth is colVcd directly
fro the great increase II s taxable yal1no' c9a,e-
quent upon The central location oi te esi"e' .l ne
steady growth OF Boston DaNil scars hlltar ' Ht'e
been the leading shareholder ~ the concern on TIE 4h
Of July 10 thore "eill ia'D i - t "ts - Iish
changed the ~ the "Fropneors " Museum lla.'
shares had numbered COJ Tho law OF 1873 aI'hor-
zcd the addition uf 900 shares 20 the 10 ' held as
common property" uut sold or divided up and lt was
provide that the asse-sine ~ shonh MOI oial oI
more than t1jO on tach share It- made the tAares
OOJ IN number which Is o." number retained 20 tbs
dy mud returned annually Go the State Treasurer Tor
record or taxation. Tho value ~ the entire property ~
ago nm investigation was eet foot by wealthy clilzen
ard evidence was taken FOR prc'ertation 20 !essia
was beside real estate. aud for other purposes
The real estate alone Is what we shll refer TO-
The corporation owns property on toruml, IN
Bratte-squarc. aud DocEsg arc ia FIN, Frand' Union
Iracou fremont, Central Washington, INDIA aud other
lhcets. Young's Hotel, worth, With land 1joG00 %
100000 l. nu estate Of teIis not including the ueW band
g erected adjacent It, lud between tho hotel and tho
Joshun sears building THIS new bgilduP covers 500
feet Of land worth sonctriur ike $500 and We should
nor wonder n the two together rsE,Act from floDO O
f275OlJ IN value BnrrstCrS Hail. assessed two
al $4,000 swprh much morr aud 1, connected directly
with the new building next 10 iOungs. These three
ta'rs must give -pleud income one ~ The finest stT1r
rcs ever erected Of brick ~ this city l. that numbered
from No C3l CO, WtshingtOust, between HOisft
and COnmOn.st. long, c gtut range, troestories and
Frcuch roof with large HOred Tne NOS Cjl o. 63I
lie property " the Fty ABsOciate aui valued at not
less than g3O aud the Nos Cal 20 GO belong 10 David
Scare aud are worth much more they coYCra larger
area Another heavy peco of property the range of
lOfty brick stores Nos ~ 10 C8 t0ru, which probably
could not bought for less than t2liO1 The cutiro
real estate OF the Fifty Associates In tho cry OF Boston
will bo assessed this year at about NO0Oo
and It's value IL, OF cuurSc, considerably greater
Three or four years ago the stock ~ the fifty
Associates. 1000 shares, was nomiuIy worth 3i,lUO
share. The have yaiuo. According TO GER
tain official returns there not long since g6O shares
standing the OF the venerable David Scars who
Il still living and resides BeacOn-st, below Walnut
Some 80 shares, at least, were owned IN his family
aud others were under his control Tie Massachusetts
Hospital Ife Insurance Company owned g3 shares aud
there we're 65 shares owned M tust by the FIFTY ArsO
clates ~ u Corporation The El0ts. The Crowunshieds
tho Parkers aud the Brackets among tho chief