, 1870-07-10
REAL ESTATE.
Tic Ern OF Speculation In City
Property.
Increase of Municipal Expenses.
Horse Cars in 4-fnrk Strccs to
I'$yenty-SccOEd street.
Zeal Estste Transfers nj this Time Lal Year,
md for the Week.

md Ior the Week.
writer in the Sdtion, who takes & tomewhat
EIoonly OF the business Of the country geacr-
ally l!scoufscs considerable length on the end Of
EZRA OF Speculation in Stocks, gold, cotton and
real estate, which. hc thinks, near at hanl The
PARKS. toulcvarls, tunnels, water works, and the
progress ID city imt,Eure enaeuts generally which
las scru made In alt the principal clues Of the
Tniic'l States during the past few years, be IT.
garss only as thc artificial hut seductive stImu.
lanss To Gigantic real estate speculation which
Will result u such ia increase Vi iaxcs as viii
drive people ouf Ut the cities He says:
"Escry ,ay the distance which mechanics aid
men OF modcratc neaas have 10 travel be-
tween Their homes aud thelt wurk increases:
cvert day tcnetnehs-norses ase becoming more
lightly lacked, Vi! in large measure owing to
thu fAbufuIs aud fictitious prices put upon
city mud sabathan ptoHny By . gigantic ic!
fhe *IEcutato:E. mainly at the public expense, anu
Gn!cf the tslusl'e prctenee o1 tat public hcncnt
THIS speculation, We think, zee the end OF.
CtE 1a1atiol,, not only with u. but ttrouxhout
the county, has eAceesie'i ita is'ssbic lltnlts.
People aFr driven irum town by the crushing
taxes. Real estate dealers :lAc III Philadelphia.
New York, Brooklyn, Ca!ray'', and San francisco,
rEEoH an unusual humber nj dwellings aud husi-
hess tenciurhts uiinctull:d. CH!nlrrtsed prop.
cr1y along ttr l,G- uf great Improvements Ii stlA
reported rs '-nImiy tlcht ltui with - no tEansac-
titss- >s.:e e,ssir1lct VI Pause LII the secula-
lt.:s.= hrw u::t nrw oncs At Likely u be hillr
liow ls-HE i'u:S..aecrs afs tnrrc .ae!y 10 pc iur
lew ltfs at ia'lioIs pic ="
Sow, " bile Herc are several grains Of truth In
Wnat he says III REGARD 10 The increase Of ri:y
sasor"n, tit picture rs osrnirawn and It's proba-
lit tnsti Exaggerated that II nctTallzrs tseIf.
II therr Is an Increasing lusf,tf OF unoccppc+t
ltses in all tiesc Cities, TIC 10 net how II is
possible that "eyrrt day the distance which u,c-
Chlpics uh'l meu of moderate means have I,
travel between their work ami thcr hu1aear can
''incrt.se. 1an'llon!s viii not let their nout.s
large itont a Ii once I'LL. a reduction Ut rents
Il III seneral hi,7ssinE TO q city, though no:
t:lrr have the cunxolatiun that general
tl,4Inc N rnts LAYS the luunsatlon for an era u
prosperity. which insults In ia increase Of rents
:,t alas.> nr.u- III rcgall to tou high prices for
Suburban properly, We lA.sc, u far as Chicaxo Il
GunceIl.eti, Tint while t1erc Is much Of the sub
high prizes. there is much III that IL cheap
cuoIch TO come within tnt scope OF the purse Or
ans tne who soul1 buy g, or Fsnt a house even In
There Is tan much unuc:cup,cd land ar0und Chi
csEu to put speculative, htrh price upon any
cost of thc!r lands In rur.cnlar localities by iu-
1rnrctnchts TINT are calculated 10 make them mnro
.!eslrShle rssllcnce quarters. It Is their own
and whether private specuis.
n,s ,9,a,. ,'aas maks ;-,u or loss ve Do n"t
r1scrs nor any such general Termination Of opera.
runs in any u the llnrs OF speculation Al the ar
flClc III tie .tafioA pttAttEta. TIterE Are AlTaY5
.1nR to Su1nr class of people, but they never bee
10th aspects III the future.
FUAE1sH IMMIGRATION.
The tide OF emigration from Europe to the
nitt!i STATES CONTINUES unabatetl- despatch
from l4vetlool u New YORK paper, dated July
Z. sa3H: LILY The statistics published 1hIs nluEp-
Ing Ii shown that 01v cnliyrants left tbi. pyr,
during the mouth VI June, lur tilt various Atntrt-
Gan poHs .nin..-,cnthsu vi sie.n went 10 New YORK
II Will be remembered that the Emigration from
fevct3l Uthcr Fnr1s Of EurGpt, particularly from
lrcn'sn, is in a llkr proloFton. and utso that New
tn!e Of population. Fully tlrrc-fua1;u, ul tie fvF-
tlcn Immigration comes west nf Ohm.
a correspondent scnsls us 1le following;
10 tht EJttof u TIKI Chlt1yu Tr.LuAe.
In ycGE Issue vi Muuday last aps.arrd a com.
fntifiscAtIon fHifn tllt CEl:rfnan nf The Finance
Con,h!'tsee ei the C1Htnun Council, Alderman
McAv"y. III Thicl1 he suhsn1fs figures T., SHOW that
thc appropriations Of f1t. current ycar 1870 are not
excessive. making 1hr a,,,lln, sa.to,G1Y.
his toodns you cnrrc I, lit snur editorial COL
tl0lEs ~ milling ttctCu E.fIlIn ll.-tnS overlooked
- AhlsE''au McAvoy. IN! nlaAc the an.nunt
k1lts2s. Tue appropriations ,or the Year, nasnci
were as 1elIows:
tatep 81
l,:!M6j
leat157
Alt,.vi III sicil, i,i III; IL: Y;:1c yds1s s1',n
Inc appropriations l,y The Common Council f0r
eacl year 81 the aggregate expenditures fur the
year vt tie c'1'rurse"f III The uEurca shows how
population. :,ire July. lss;l, our population has
ceItai!y not nluss 1tlaH doubled, while our cx-
aatures arr hsr ts g great and at the same
ti1ie mar the lfucttH!a ni eyras bOnls hare lre
iaflshly aseti tu par current expenses. From The
Above lEurs, 1t Will apIrar that the annual ex-
psnllln'cs hasc aLt,ut s,ub,ttl every two yca1scS
cepi the last two, in Which, that result hns i-en
avoided ~ Increasing tue bonded debi. whIch
a Ansi' ,ssS s,s S,sss anstanas Ju1y is7o
bonds. being s2,s:o. .uoo. The years r,ote.. have
!Esh years nf tetisn.nE pricea ami tic CITY cx-
p Wn1 m uSn m not % to is over e ~ oo .hls year.
they were in lsGs-lSG5 If such a Chancr hal mt
come oSts the management ii our aGaira. fne
unreasonable Increase In The ng1.rcs Of onr mn.
h'eliaE expenditures, from one wear fo anothnr
is t.n-esi''en An'l IT any the viii lust con them
IN, sn,,9 nn eoiaw them t. xi!l see how tnes
csau3-3he nguEts tell their twu story.
w., Tax PAYER.
w ha'r 1i1ni.,f bcinre in 1hls c,Iumn' I'M fhass
AFe III a compact form w.trn shows lie starting
na sase ~ whch tue ordinary expenses Of the civ
Eosefnmgnt arg increasing ta cxr.:ss uf The In.
;tsass ti POPULATION, aud general princinrs Il
~, '.Sale 10 ksrr 1hr iact i'efore the people
felscs Of the city government m laffcr in nm
aud thAt rctsench1ent should IL. the rule
An '.msh ,,tl;se ss. sIkAA tA's Is ,1-AMk STREET.
SialA SlA st1yct. fruua ilalniu!ph l, Twcnty-secnni
E1rec,, - Is ,cnR artancsd ant will l.. ,aauguratvI
continuance Of kteam railway trsii1e on Thai napt
oi Sla1E street south Of Twelfth s1nct, ami rhe
1,nn' i,n, ,,l'. ule tA"aF ttack IN Clark street.
. ~ aWtn!. second street. The Qsst stri' in tic
- at., "s "as ns1|tlon stgtitI b5 The Ownrrs
S1r,srf ,atr,.,n q INT nftncE:y on CLARK.
srre.ts AZ I'll sHe!!1n ann Twe1tr-sccond |
lar ~. a"ta r!es.nt'4l - the Common Council /
~ .,..a., n.asie ior the Prohibition OF Inc use
Hltin tie ,,nss .s saaiMay cAls On CLARK street.
.t aMs NnicaEo city Hallway Company vcrc
at 1sn ~ Guy nt'llnancc OF May e. lSsg to
~ asack ~ Clark ftsssl IRON Iean,iuIph II poS
ia, ~ aaHl. Y ahpthtF ordinance, Of Mnn,h O.
,moi IT au.atr'zc.l to postpone The layng q ihe
naTt ,as, l En & ;sa,1 .a! lls cJs preparations to
~ VI .ES !taz, Which Muukl be the ltr,,1Y ~ ~
Sasnsa:i! q tlmc. The company viii therrfSn.
rayps ~ T. ,Tt af sr tFssk IN sunctloa with lie
rle,,si 10 lulk strret 1tts .,,nnrr 1et'ae@ con-
Frotn F"ll STREET tn Twelfth street. tho cx,or. |
~ ths h9s cur t7acA viii DEPEND upon Tie
Is understood 10 be favorable: ana Yrnm Twa,t,,,
ftresttn Twsnty-str.,n strrs, viii ,,cr1d larVrie
lsiani Isa.lros,s C..mrany Wins 1,ai AZ a. lnes
E,1uc.s the struet a,,a st,rs +, ,,s.a1 9ow OBJ
etni tnssntsS ''' seA-
by TN urHance OF the Counf,tt possn, N,,,h
s, lsal, tile 1:k lslat,l Cot.,,s1,r urs nr,hna
70 track lii any enr uf iIc STRAIT snv .asa
INC west nr OF STATE STREET AMI the Wtst iinn a.
4tasfts sirt1:. Antl f1rm thu scn,b 1inn ~ ~ ~
city. as fur nofth as the norfh lin. IF pnft Nv
ana. agaiI, Oh a1ls une street ..hetx.rn ,n ,as+
It nbe ai Turk sttre' aud the ives, iIe Ut M.srei
street, - Aurlc ratlFoAa track. with af1 r,+css.E
ssA.E-oH!t, etc AENtn, t5 an ot,.Ipanr. n.ssE; |
eloef IA u, ls's. thr Rock lsiand am, the ;outh
IN NtHle3n tha p3ntes were auihur,znt n i,r |
nnM ali additional irark It, Ciask strsr, ~ 10y
,,- usis y hnthlng In either Of these onlInancAs
a 1'saS ~ tnc duration OF this privilege of the 1ii.
HaS companies IN q certain nululrer of ycars asia |
"e .*!leFe, community supposc,l mi. an1hn,tt1 |
s* SUE etuHci1, therefore, TO rrohtuIt the ns. ~ |
NJ a.a @ ~ the llA1k ftrsrt::1rack. must be undrr
'uE ssnelat provisions Of The city charter.
~ MOI Improbable, how tvtr ib1t ROME A. |
Msy c,,t.s asa! te made between the horse fnIj.