The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-08-31

The chicago Post OF Saturday gives the following
particulars of the real estate business in that city,
The quiet in real estate circles snll continues m
gated by an unbOunded hope in the future. The
most noticeable feature about the transactions OF
Of property north OF the city lmits-an unknown
omission probably FOR years. South side suburban
property Snnnss 70 Change nnGs sc
and west side lands have received an impetus from
the recent action Of the Park Commissioners.
Judge Drummond, OF the United States Court, on
Saturday, In Chicago delivered In substance the fol-
lowing decision In the Lake Front case:-The
ground in question, comprising the nat lying be-
tween Randolph ana Madison streets, being part Of
south fraction No. 10 OF the government survey town
90, north range IA east which WAS laid out in 1885,
by Secretary Of War Burchard, was granted to the
railroads by the Legislature Of the State to be used
by them for depots and other purposes, they
to pay 10 the city OF Chicago $780, 900,
and city to make deed authorizing companies
to to-. construct depo,s and use tho lands for
Court were az the effect OF this dedication those
made under the authority of the government, TO
that purpose, al proposed In this recent act of the
LEGISLATURE Of isee, and OF the right q the United
force thls Special dedcson made by is a 10 e
Burchald. The Court held, trst, that the dedica-
ion still renamed ID the United States, subject to
the special purpose TO which IL had been appro.
priated. Second, that 1t was not competent for the
Legislature or the city, In the manner indicated by
that purpose; that Competent for the owner OF
the properly 10 dedicate 1t to any special purpose not
only light the thus Ssi se NAV Ss t t
state was the right which II had over all property
that OF eminent domain; and when by virtue OF that
right the property was TO be taken, the necessity for
taking It, aud the consequences OF such taking, Pc
cuniary aud otherwise, were judicial questions that
the Legislature had no authority TO prescribe the
price for which any property should DO so taken;
that the act OF the Legislature did not purport to take
this property In the mode prescribed w law, but by
private individuals owning property AUDITING upon
this puoc ground OF therrlghts Ia the same The
Judge thought 1t important that an authoritative de-
con should be given, aud therefore restrained the
railroads rom proceeding 10 act IN the premises.
Mr.. Calvin Turner, has been recently sold to Mr..
Chappel, OF Brooklyn. Price $1,000.
Mr. Lyman y. Smith has sold his "5lae grass
reld OF about forty acres Fort Jefferson l.. l.,
TO EtlelDert NJ. Snaitu; price -, 500.
The Flushing Railroad Company are preparing 70
SIDE u the ferries. The road In nearly graded from
Winfield TO the Last river Ii s the Intention Of the
company 70 have tie road In operation nom White
stone TO the new terminus at Hunters Point by the
middle OF November
The section OF the North side and Flushing Rail
road between Winfield and Hunters Point u rapidly
approaching completion Additional gangs OF men
are strapped ana bolted TO the Joints Iii such way
az to foirn what IL called the continuous rail.
co ne ht9okyn a. D. Times referring to me re-
PMS, lenn.l OF Se00 acres Of land Isliptown says
MI Keith was formerly lumber dealer 10 WI
.in.'oNuS 'pibs ud1snet5 vi ToJOVup W
sLOllogo end that year or 40 ago he bought Of
kQbert Nichols some ZOO lgug between North
lsilp station ana C0nnectiquot river, ana bounded
on INC north aud south by the Long Island and
south SIDE railroads, Tor which be paid ten dollars
per acre. Mr. Ford now pays him for 5000 acres
mtg collars per acreab advance on the part sold OF
no les8 a sum than siil.0O0.
me Greenport a.. ~ Pepublicnn WdtcIln,Gn
says:-"Last week SUPERINTENDENT Barton was In
lreenpou prospecting for the site OF new depot and
IrelYDt mouse buildings FOR the Long Island Rail-
foao; Inc present engine house, which Is good
", "A m
for increased business. II IL the purpose OF the
management 10 run Boston train over The road as
s00n az Ihe arrangements can be perfected-plob-
aoiy he1t slli,lneI-bdt whether 70 sag Harbor or
GreeDport = not yet determined In either event the
dignity not 10 say advantage, OF the road requires
tnat at lts terminus IN GreeDpOrt its offices should
be on scale OF completeness and magnitude suited
10 the constantly charging passenger ana freight
tra1Ic which they are des Ingd 10 accom- odate.
vi course II las - pfobabe) the steamers to con-
meet Win Cohnecucut come 10 Greenport the wharf
WIN nave 70 10 repaired and covered passage from
tne depot 10 tlie landing will be erected. Whether
an attempt be made 10 ticket passengers through to
Boston or not II Is pretty certain that one or two
steamers VIII run IN connection with trains on the
Long islanu haiiroad IRON New London, Conn.,
A correspondent OF the Chicago I7fJ,np, writing
ron san Frnnclsc0 respecting farm lands, says
There are millions upon millions OF acres OF unoc.
oupied lands In california which can DO had Tor
prices so low ~ 10 leave nothing to Complain of.
From the Oregon lioe TO San Diego there stretches
WIDE bet or country along the western slope OF the
Sierra Nevada which IL peculiarly adapted to tho
growth OF al OF tno fruits OF the temperate zones
ana the semi-tropical. Tho vine thryes here better
than anywhere else In tho world and most kinds Of
grain can DO grown 10 advantage FOR home con.
sumption, ana IN many localities with profit Tor ex
p0rtation Ranches with considerable improvements
thereon can be found oil along thus belt for sale at
rates which Will insure splendid returns for the out
lay. From " 30 TO SO per acre VIII buy vast
tracts, and small Improves farms which VIII void