, 1869-01-25
Gbe Gtihume.
MONDAY, JANUARY Is, 1869.
THE SOUTH EIDE pARK BILL,


FerdiIg at Springfield to provide ps1k
1oE the iowus ct-~South Chicago, Hyde
Park acd Lske. The boundaries Of the
proposed park are set forth In the bill.
The main body OF land embraced in 1t
is bounced On the north By Flfsy-dss&
street, on the Eo1th By Sixtiesh street, on
The cast By Cottage Grove avenue, apd
On the west By kapkakee avenue, being
one aud one-eiehlh mile long and half
mile wide, containing three hundred and
forty sc1es. This body CT l8nd Is con-
ntctca with another tract on the lake
thcre OF about five hundred acres by
strip ore.cishih Of a mile wide, running
en- lie southern bourd.ry Of the village
of uytc PAk Tho entire cost Of this
lsLd Is TO be assessed upon the
properly benefited by the park, by
ass.tsoss appointed by the Judge Of
Tic Circuit Court, with the usual
right Of sppeal. The assessments upon
the properly benefited are tn he psld In
-=trn .Yuai annual instalments, with seyeo
per cent interest. To secure She prompt
payment OF tie parties owning the land
proposed to be taken, bonds arc to be
issued By tie towns Of South Chicago,
Hyde Park and Lske, drawing seven per
cent ic1eress, Ind the moneys collected
from the assessments are to be applied to
TIE ps3 ment Of principal and Interest On
The borte.
So much relates to the acquirement Of
tile to the lGId. We understand that all
tie parties (exceps one or two) owning
lard proposed 10 be taken for the park,
hsve asscnsed to the bill, and that large
nsj rlty Q! those owning property likely
t. tc sssesstd fer The purchase OF the
lard lave agreed TO 1t. 1t Is not probable
that q meaEura can ever he prepared
which will eucounteEso little opposition
from psivase interests. The bill
is free f1om the objections urged
sEaiuss the one which passed
two years ago, and is q. free
iscm objections as we can conceive /,
possible to make any bill which has for
its object the procurement Of public
grounds. II it be conceded that public
PARKS are necessity for q great and
growing city like ours, and that the
grounds can be obtained to better advRn.
tsge now than hereafter, this bill, 0,
something like it. ought to pass now
The land ought to be secured. and inas
much Is the bill provides that The cos
Shall be borne entirely by the property
berefi.ed By its location, We can sec NJ
valid objection to it.
There will probably be few person!
opposing it or the ground that the future
ado1umsn1 and improvement OF the part
will entail q tax upon the property in ths
Stulh Division Of the city. The statistic
in Other cities show thst the Increase
valre Of lards in the immediate vicinity
of public parks brings into the treasury
more money in the way Of taxes than l.
tsken cut for purposes OF improvement
Lsrd in front Of Central Park, New
York, sells fox 81 900 10 81 200 per from
foot, and is taxed st that rate. Bat To-
tbat magnificent improvement the sam
land would not pay taxes at higher rat
ihan 500 per fool. But the question q
sdoznnens and Improvement Is ons fe
future consideration. The 1and Is risin
in valre every year, (almost every day
ard il we are ever to have park now
70 The time to secure II.
The proposed bill does not antsgoni7
lie Boulevard scheme now before II
Common Council. II constitutes rath
an adjunct and supplement to that pr
jecs, In TACT, the parties who hare pI
pared the bill are willing to co-opesA
In carrying forward that measure, b
- lIcyipg ihat 1t will help to render the
own project more advantageous aud q
L. -.