The New York herald., 1871-03-19
REAL ESTATE MATTERS.
Effect OF the Br1adyvay Opening Deiay-A
Title Wasraety Company.

Effect OF The Brnad,vay Opening Delay-A
Title Wasraety Company.
The transactions OF the week close by the an
nexed Supreme Court sale. The weather has been
so uniavUrabe thai but llttle business, compared
with Inst week. has been transacted. The delay In
Albany regarding the widening OF Broadway and
extension Of Madlsoa avenue IS causing consldera-
Bile loss to properly OWNERS. In consequence of the
dubious cloud which has hung over rhe whole mot
ter of the Broadway opening much OF the land
along the line naa OF necessity been allowed 10 re-
main wholly unproducgiye. Much mere has been
ict with Improvement III tae way OF buildings ut
terry mcommenSurate with the value OF the iand and
the leases Of these have been necessarily for such
short and uncertain terlas tGat only small rental
has teen received. Tas question seitlel, valuable
improve ents would be made Probably The whole
anuual mcamc from The line pas not been S3.a0o,a0o
and Il this matter IL settled now ana forever. l'rst
class improvements VIII immediately be made along
the greater part OF the iiae. 1t w00d. If carried
through. ME 10 all tle street from Thirty loGrth
to he Park and nave lurnsned al ouslei 10 all the
west side OF New York from F!fty ninth street 10
kingsbridge. The above los does nor include the
profits winch mlgiit aud lrcbaBly would have been
realized b tne rapid development of buiidine anu
business in the lmproved stteet. Among tie novel
ties spoken Of in relation TO real estate i proposed
plan ior the insurance OF utes and mortgages TO ue
TITLE WARRANTY COMPANY.
The tendency OF everything in this country is
ing lhe business ol teo estate bids fair to be
! cepuon. me vast and cumbersome machinery now
Ia use. sIfI NltNtl Oic - Noiupt-ich ~ biig
Ieguisitlon ior the purpose o. Griv.ng tnron.s b IL
single real estate Transaction, must give place 10
! some hing simple aud effective. a grand
stride in This direction Will be The organization aud
successful Nor.n-s OF q company. organized on
Plan. Of course amy plan or this kiAh VIII IN
voiye the opposition Of gentlemen 0i the legal pro
fession, but with tnat we nave nothing 10 80 The
real estate interest demands thai many OF
the disabilities under watch Ii now labors.
III the shape Of the embargo which lawyers aud
searehels place on every change ol ownership,
SHAH be removed. With the rising importance
becomes great question 20 solve w!eshe Il cannot
be placed III u more convenient aha Haikeaapie
form tian II AZ present occupies
That an Insurance company which would insure
title 10 real estate and guarantee the security Of
loan thereon, wouid be highly successful scarcely
admits ot n DOUBT. Capital when now oreaus ANY
lhing IN The shape OF real estate, because 0i ce want
OF knowledge u It's value. would be attracted mme-
diatey, were 1t secnfed NJ The guarantee Of a
poratioD Of recognized standing. We trust that the
lnatter VIII receive attention from our real estate
operators
pAtFG XFsTEvDtY-BY v. x STEvrSsoN, EOS AND
One lot and brick building o llth st., between
and lst ag. 3oJ fs. W. OF nv. ~ 2lx9f.S. Supreme
Court sale TO James H. stevens COO