New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-01
QUIZ NEW YORK LETTER.

| New YORK, June 25, 1870.
The past three months has witnessed some
remarkable sales of real estate within dis
lance of twenty and twenty-five miles
from this city, in Westchester county,
and the State of New Jersey, where pur-
chasers having moderate means have made
investments under the impression that large
numbers of the city inhabitants will be
obliged to seek more room and at less cost
than can be afforded at the high prices de-
manded for city property as to purchase and
to rent. The city limits proper, so far as its
population is concerned, of those who are
| engaged in business here or connected with
manufactures and the trades carried on, and
who every morning are found on their way
to the city by the railroad, steamboat and
ferry lines, whose residences are within
thirty and forty miles, number over one
hundred thousand. All along these routes
are to be seen houses of all classes where
these people have their homes, most of
which for those who live in them are far
more comfortable and healthy than could
| be afforded were they to reside within the
is paid where they reside. The enormous
expense of city life, together with the heavy
burden of taxation and the grinding op-
preston of large majority of landlords,
has driven away large numbers of families
of the middle class who conld not stand
the pressure and have sought homes
away from city extravaganza and demon
alization.
While real estate, within the limits above
stated, has appreciated from ten to fifteen
per cent, and in some parts of the city de-
preciated in the same ratio, it seems that
there is not much change in the value Of
real property, situated north of Thirty
fourth street, and between the Third avenue
and the Hudson or North river. Rents in
the lower part of the city, from Fourteenth
street, have declined from fifteen to twenty
five per cent. Since the defeat of the Arcade
railroad project the owners of Broadway
property believe that they are now free from
any further ralding schemes of political ad-
venturers. Very many of the large stores
on Broadway, where the rental has been
from 500. 900 to sec, 900 year. are now to let
in consequence of the great loss and depre-
citation of goods, under the influence of de-
cline in gold. 1t is stated that from Four
teenth street down to Chambers street there
are over one thousand vacant stores and
lofts, which will not be rented for the present
year. Notwithstanding this, there are quite
a number of improvements taking place on
this street, in the pulling down of old build
ings and the erection of new, all which ls
done at very considerable cost.
The dry goods and clothing business is
gradually becoming located above Eighth
street, the most notable of the former being
A. T. Stewards, whose magnificent palace
covers an entire block, bounded by Broad
way, Eighth and Tenth streets, and the
Fourth avenue. Other dry goods palaces
have been put up on Broadway between
Fourteenth and Twenty-third streets, but
none of them can compare with Stewards as
to size and splendor.
One of the great things which New York
is to have, and now IN the course of con-
structien, is magnificent depot for the pas
sepger cars of, and accommodation of pas
sengers on the Hudson River, Harlem and
New Haven Railroads. This immense
structure occupies nearly three city blocks
of ground, and is to be entirely fre.proof.
Its dimensions and other particulars will be
deferred until my next, when your readers
| shall have full and complete description.
We have had another Ketchum sensa-
ton in his failure TO meet gold contracts
WILL tuc DCd1o VI wan sb1CCts IL 10 ctdtCO
that he will make matters all right with
those who hold his obligations, as he is said
to be very honorable in his monetary deal
ings. 1t is very great pity, however, that
this gambling business in gold and stocks
could not be annihiated, and those men
engaged in il compelled to earn a more
honest and respectable living. Under its
tempting and fascinating influences vast
numbers of the youth of our land are
brought to ruin and destruction.
At least one of the notorious criminals of
this city, John Real, who, in July 1868,
brutality murdered Sneedick, one Of the
police, is to realize that the sway of the
transgressor is hard" The Court of Appeals
Of this State yesterday affirmed the judg-
ment of the lower court in which he has
been convicted and sentenced TO be
executed. He will be resentenced some
time during the next month, and there is
no doubt now but that it will be carried out.
Whether his execution will prove whole
some lesson to the hords OF criminals that
infest our city remains to be seen.
We are having, our heated term, and the
people who are obliged to do business in
our streets are suffering from the extreme
heat. There are great many cases OF sun
stroke, and some Of them fatal, though, rs
yet, we have not had our hottest days,
when we may expect great mortality among
the outdoor laboring classes. S.
Rough on Judge Barnard.
This is special to the Louisville Courier.