The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-03

~ potn Clues renewing the crowded quarters OF the
Que ana building up the sDar3eiJ pe0pled dist~tcta
OF the other. It's This alone that VIII divert popu-
iation from New Jersey, the surface railroads IN
any underground road that may be constructed
either en,n In n.., this city or Brooklyn In
mention that the underground railroad now
proposed 10 the latter city Is said 70 be In the inter-
est OF MT. stewards new village &C Hampstead
rams; hence the opposition OF intermediate prop
erty owners, who fear 1t win carry the TIDE OF pops
lation beyond them. No sucn objection applics to
THE DUTY OF THE LEGISLATURE
III this matter Is very simple. Let them aunul thu
cna art o. the New YORK hallway
provision then be made for vote to be taken at the
next election upon the question whether such road
shall be built forthwith by tile CITY, and II decided
IN the negative let the city nave the power to
dispose OF such charter 10 the highest bidder,
given that the work Will DE commenced within &
given tune and prosecuted without delay. This
being done let them turn out OF bon Houses all the
bills they have now before them upon TN, SUBJECT oS
rapid transit and close their doors against the intro
ductlon Of any new schemes until such time as tho
whole amount OF capital necessary the cOnstruO-
ton OF the vaduct road has been subscribed, when,
II private enterprise should still seek this field, all
Inc pubic nave the first tD' claim, now noweves:
ana a,l IN no other way than as here pointed
delay that has ALREADY occurred In dealing with thus
question 10 proper spirit has been OF incalculabs
the estate market this Year. the tridIns Of tSo
Legistatlle with imperfect or impracucable schemes
mas ost reyvng that
acsy' ana h ai.er long period q stagnaon the
excemerr Nor was this DISPOSITION IL real e estsse
confined to New YORK. All over the country there
A RISING TIDE IN REAL ESTATE VALUES,
which would have had its greatest elevation here II
not checked IN tie manner we have pointed out.
From Boston TO San Francisco came evidence OF the
Inclination OF mems minds towards real estate In
vestmens. Thus the two stocks In the stock list OF
the New York Exchange which represent land Inn
Ne
t0n-have been very strong and sold recently, the
rst mentioned at o. against 20 thus time last year.
ana the latter at 90, as against - last year. Both
Of these represent reclaimed lands, Boston Water
Power an improvement somewhat similar to the
proposed WallabouL Improvement In brooklyn, and
Canton the reclamation or a district holding
about the same relation to Baltimore as Gowanus
does to Brooklyn. In addition 10 these we have the
following syndicate scheme from across the Conti-
nent:-Ihe Anglo-American Land Reclamation
lowed lands ia uoa was as recony
by Mr. Eastwtck. NJ. p, and his English associates,
have now secured control Of all the marsh lands IN
the state, which they propose 10 reclaim by very
extensive system OF sea wallis evees and draining
ditches These, together with adjoining upands
lion acres. Promneat civil engineers, and capt.
talists having endorsed the scneme-tne practt
cablllty OF which is established by the success
or similar Though less extensive Tec!amaticns-
ana the enterprise and It's prospective benefits
The company will commence operations lon medi.
ately on the great delta enclosed oy the Sacra-
menIo ana san Joaquin Rivers Reports rom the
an excited movement Ill real estate In stald old
Berlin, where the plethora Of capital produced By
the prompt payment OF the French indemnify has
stimulated an advance IN many sections OF the city
OF 100 per cent. Nor is this TO be wondered at tor
from recent essay upon "rhe Worlds Wealth. in
when are some tnOugntful suggestions respecting
panson an Values anu Sin me
chasing en- ing MN power >, OF dollar declining.
Certainty ina. This Decline must Continue, what IN.
vestments can equal land investmentsp railroad
may be great financial success tor time; but TINS
road Is soon built The same spirit OF competition
D. bank y STOCK ~ gas STOCK
produced by labor. This cannot be said, however,
JUDICrous REAL ESTATE INVESTMENTS.
lot on Broadway or en- Firth avenue cannot b
watered ana two made OF one. Is not our unim-
ap sanp y sy "a:
maximum with iis future before TINS great city,
RIeaS Ees rail- a mo-
o 90 our Ss METROPOLIS nrs ana arg
cadeT" Who shall say, indeeda Yet, perhaps, some
idea may be gained from recent transaction i9
London real estate, which seems to have attracted
some attention. being the lease OF plot oil land Op.
R0sie the Mansion House, IN the city OF London.
stock Exchange and the Eank, Of England. THIS
plot is SAID TO have been recently let at q ground
mum, which represents capitailzed value Of abous
Sa,oou,ooU: ~, mere IL New York, on our leading
for city lot Of twenty i've feet BY 800 100 Tor sSs
fee a,, stu simple, we think tnat we have paid ann
area mentioned win be nearly an acre. and
twelve times the purchase instanced win Be
Mansion House plot. If New York is to become
another London, as Is predicted, IN magnitude In
for in our city real estate or
from analogy, VIC have vet to run twO-thirds tho
distance Of the goal before us. We win not reacn
nt1r toufu lofr
better appreciation OF their duties than they have
hitherto shown themselves capable OF doing. We
TO real estate investments at the upper end Of the
island. We want 1t both to permit our proper and
induce our metropolitan population to no.
main within proper limits, aud not, as now.
distribute itself sporadcay oyer an area 700 greas
vaillng IN many suburban places. Appreciation
would then be more steady and uniform-tn Q
proper relation to this the centre OF activity stim
latlng increase. The interests OF Brooklyn arc
identical with New York's this respect as what
towards New Jersey must eventually result to her
advantage equally with Westchester county.
or Not the wo e esi nea
more united, are destined to 80 act ono upon tho
otner as TO become In time parts Of the one metro
polls. In tho meantime, while noting the ex.
IRENE dulness OF the market. except in the
respect mentioned above IL must also stated that
the market is very firm, and holders cvnce no dls-
position to make any sacrifice OF their property
where the sales are not forced.
TIE AUCTION SALES THIS WEEK
were as f0l0wS:-A. J. IjleecSer, Son Co. sold, On
Monday by order OF Wylls Blackstone, receiver OF
the North American Fire Insurance Company, the
property situated on the northeast corner Broad
way and John street, known as l02 Broadway and
Nos. s, Z, 8, IL and IL Jonn street. Tue lot has
front OF twenty feet on broadway and about one
hundred ana sixty-tnree feet on John street, moar
surfing on the other sides respectively l6l and %
feet. The improvements consist Of large i've
story brick building on the corner, and three three
story brick stores IN the rear The ground is held
under lease from the Protestant Reformed Dutch
Church Tor twenty -One years from the LIST OF May.
1862 with TWO renewals OF twenty-One years each.
when all improvements are 10 be paid Tor In case
The lease IL not renewed. Alarge NUMBER of persons
attended the sale, which resulted in purchase or
the property by stephen Croweli for $4,000.
AT an adjourned sale, by order OF the Supreme
Court, In foreclosure, David Burnett referee Muller.
side Of West Forty-seventh street, about i've hum
1rcd and nineteen feet east OF Tenth avenue, known
as No. 443-lot 1s.9xIoo.6-for "a, 0O0 above mort
gage OF $12,l03 So.
lanes M Miller sOld IN pr0okIvn nv ordor nf tina