The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-12-07
REAL ESTATE MATTERS.
View Of Experts Upon the Presidents Mesuars
and 5 crstary Boutwslps Report
Sales Yesterday.

SSS Ae5ter00y.
Real estate circles were mostly exercised yes,cr.
day by the Presidents Message ana secretar, Rour
wes report. The general feeling in regard to these
Ii that they are unsatisfactory. The Presidents r.r
| ersnce TO the Alabama claims was rega,css
as eminently peaceful and his proposIt,ou
to purchase these claims generally regarded :.
"bunsombe,' Congress being extremely unlike,v
TO accept any such suggestion. The fact Is, that
although people talk largely about the Alabama
claims, they generally have very little confidence In
their legitimacy. The popular feeling IN respect to
this matter is scarcely likely, however, to reach the
point Of consenting 10 tho purchase Of these claims
by The American government.
THE FINANCIAL POLICY OF THE SECRETARY
In respect to ts influence upon real estate was 70.
garded as opposed to the Improvement OF the real
estate market, owing to the REFRESHING influence OF
the proposition that the appropriations for the
rent year should be continued for next year 10 an
to include the means OF purchasing large amo1ns
during the present Sss waKac IN IN ns s d"mrss
OF his daily tour into the oifce of real estate
dealer near the Exchange Salesr0om the write IN
quircd ~
WEITEn;-wnat do you think Will be the eject OF
sne secretary OF the Treasurys report upon real
:, THE INTERVIEWED. sir, candldly, am In
clned TO think the Secretary is In error in thus
calling for the continued imposition Of taxes upon
US "a order to pay on this debt.
NRlTER.-Ihen you lnink, MI. -, that tho
The INTERvIEwED.-Yes; to use home,y expires.
sion, posterlty never :, DID ANYTHING for us, why
WRITER.-You don't believe, then, In the Immediate
payment OF the public debrs
THE INrERvIEwED.-Certainy not. This debt WAC
incurred for the preservation or the Union. That
end Il OF greater Importance to our children tnan
and those OF our dearest and fondest; have SUI
fercd grief, anxiety, trouble ana RUM our business
has Teen destroyed and the competence we once en-
for the Union " Is not, therefore, too much to ex
pect tnat our children should bear their share OF the
WRiTRR.@You believe, then, that
MORE LIBERAL POLICY
In respect 10 The financial administration OF tho
government woula be beneficial to the country
TIE lNTERvIEwRD--UndouDtedly, 1t would stimu-
of profit. JUST consider, the secretary claims
credit Tor the purchase OF s6o.oooooo Of bonds.
gtlmate profit OF business throughout the
country. That 500. 900 might have been invested
In real estate. Ii certainly, II not absorbed IN that
way, would have by Its movement impaired AMI
nation IN some department , Of trade ,s
WRITER.-fou are not then. ON advocate OF Sec
The INTERVIEWED. No, sir The country is
groaning under burden OF taxation which re-
presses industry, cramps enterprise. checks
| speculation. and Is eating up the profits
OF all our merchants Whie this state
OF things lasts there Is no hope Tor real estate
Congress could be only sensible enough 10 rebuke
this Secretary, VINO appears to act as though ne
were merely receiver there would be an Immediate
reaction and very quick reco' ~ might DO looked
for
Leaving this gentleman, whose views deserve CON-
sideration from his position In the very centre OF
large financial and real estate connection, the writer
visited others, and met with
SIMILAR SENTIMENTS
The general feeling in the real estate market, as
clal circles, seems 10 be in favor OF reduction OF
taxation. The following article, cut from
THE EVENING TELEGRAM,
was shown TO the writer as an argument In this con-
nection.-
Neither In the Presidents Message ia the report Of
the Secretary of the Treasury there much is graft
Tying respecting national finances The President
1.-THE average value OF gold As compared with national
rsncy for the WHOLE Of the year 1852 was and
the fac caanos be denied he instability the Value q
Sep up Prices t. The desrmeS. Of Ts evils
on So
S e s has as so To- BY TcS Which n
At with so a. no 20.
any policy calculated to bring about the
The secretary without offering any greater encourage
o s Ss In
surplus for the purchase q bonds at the rate Of $5u
pe n hs a r. 10 Save Sss;
tie country il bankrupt condition receiver APP
me s.edSs 70 soes, IN much
most despatch In doing this the future interests Of the
aea pTesng over the s,. national financial
edy expanded the yearly balanceheots already begin
Indicate that the profits have been small Taxes in
seeming be doing extensive trade have found 4
The prospstiy Of ne country Is thu. lusory The dry
barassment Of those engaged in greater We ask
the why anu niormed-taxes Cannot
Congress give system Of financial policy
THIS FEELING
OF desire for q reduction OF the taxes Is not par
tsan but pervades all classes, and IL is signlfcait
that 1T is accompanied with general conviction
that Congress will in some way accede to the p0pu
lar desire.
THE SALES YESTERDAY.
The opening sales OF the week took place yeSter-
day at the exchange" with the following aJrrac-
tions:-Sx lots south side Sixtyeighth street. west
OF Sixth avenue, sold by order OF the Supreme
Court under the direction OF T. q. Lane, referee by
Messrs. V. X. Stevenson, Son Co.; four story
brick house and lot No. 3lS Thirty ninth street, by
Mr. VIM. Kennedy; plot OF ground on the north
west corner OF Elm street and Catharne lane, by
Mr. u. M, seaman, and the leasehOd premises
known as No. 1914 East Houston street, by James NJ.
Mlller-lease from the Wynko0p estate Tor twenty
one years from May /, background rent $3.50 per
annum. Annexed are the full PARTICULARS
NEW YORK PROPERTY by " X. STEVENSON, SON AND co.
6sh st., 500 IT. W. OF 9Th av, each 25xl0o6
James "e'0 nY WILLIAM KRsNIIIY
a. b. house and lot No 3l6 Both W. of 9Th av lot
D.. NJ. SEAMAN.
A plot OF ground n W. corner Elm st. and Catharine
BY JAMES tn NJ M Nj az r.., Honson
and 285 I'd sts, lot 2tx7U2 w. Aphonse. 4l25
| BY a: >. DLsEoKEa sos ~. AND 90;
AT private sale lots n. corner 7h av bouieVara 40
l27th
srEyEsses SON s,; AND ID, CO. r:,r b, 100 IN
DEPTH the brick dwelling thereon and known a. NO -
Franklin street. for $3000 through Cornelius Weservet
Southeast the Grand Boulevard and SD street,
| four fu, to Mr. James Wilson for S S5oooa
purposcs West 23d street. between the Grand Opera