, 1872-12-01

Summary Of Transfers for the
| Week.
The months Of November, December, and jan
uary have always been the dullest Of the year in
real estate transactions IN this city The statis-
Tics OF the last four or five years show very
marked falling of in transactions from the mid
die Of November to the middle or last Of Decem-
Der, and not much improvement until about the
first Of February. This being the experience Of
! past years, the present decline in the volume Of
real estate transactions should not excite any
surprise, or be attributed to any special causes
Money is, unquestionab1y, more stringent this
1aA than usual, and We hear of instances in
which the extreme difficulty Of raising money On
mortgages and other securities has caused the
failure OF number Of sales, but the effect to d.
mlnish the volume Of transfers has thus far
been much less than might reasonably have
| been expected. The fact is, that confidence in
Investments in Chicago real estate has been sus-
tanned through the trying circumstances Of the
last month better than Investments in anything
else, where more than per cent per annum
profit could be realized under any circumstances.
The shares in our local stocks, horse railways,
banks, etc., have declined from Is to 20 per cent
during the last ai1 weeks; railroad bonds gen
orally have deprecated quite as much, and ret
real estate, except in special locations, cannot
be bought for much, if any, 1eas than it could
three months ago. and not as low, in a1,y 1ec41is3
about the city, as it could year ago. One
reason nf this is. TINT notwithstanding
the advance in prices within the year,
property is still low in Chicago
compared to other cities Of it's size. Said Bos-
ton man to q Chicago friend few days ago:
u Il it we're not for my interests in Boston,
which cannot be disposed Of, should much
rather take my chancesin Chicago with her pros
poets Of trade, and where your best business
property does not sell for over S25 per square
foot, than in Boston, with her prospects, and
where the best business property is held at eco
per square foot" Boston is the wea1thiest city,
il il proportion to population, in the United
come from there, We believe that the progress Of
rebuilding in that city will show that the recu-
peratiVe ability Of Chicago has no parallel in any
;2a other city; This recqperative ability has
creaaing trade Of the city, and this
also is the foundation OF the confidence that the
value Of real estate here will continue to advance
gradually until it is not only equal to Boston
property, but higher,
ABSTRACTS OF TITLE.
Ihe announcement that the consolidated ab-
stract firms have made lease Of all their books
and documents to number of th5ir recent en-
ployes, who will form new firm and 90 on with
the business Of making abstracts on the same
plan as pursued before the fire, will, Te believe
be received with satisfaction by nearly eyery--
body in any. way interested in real estate
Almost anything would be better than the great
title during the last year.
SELLING PART OF THE souTH PARTS.
Z s :sot aossd c. It Il tSe Sg1 zday afs sov
real estate article, that there movement on foot
sell pe1tion af TIE Lake Shore Park being
silent upon this subject, very large number
Of in this city believe that it is their
ths Iessiatre, w6ieh perm permission H I hope ,Ga NY
never be granted them. There WIS an idea among
Ss4s hsn hs s question tSa Of na 5as
the Lake Shore, where one Of the South Paris, sr
rather the Lake Shore Park is located vet rauni
a" let lien 1 t. H. he 1 sna Il Ss qne
far better than the inland ParE. What would one Prr
be without the other7 Who can be so blind Ito tbs
Se as to T. Of PIX
rather than diminished. The peopie have something
erty the boulevazds have hatched up this scheme
have expected this for weeks but do hope that our
~ not Listen to the Ring
REP1Y-As near as re can learn, there are
u /
ing the impression that there is some project on
foot for the sale, by the Park Commissioners, Of
. part of the South Parks to pay the park debt
We are authorized to say, for tie Commission
considered any such impossible scheme. Even
f they did we do not see how they could get
around the specific provisions Of the law, which
prohibits any changes in the park and boulevard
boundaries after July, 1872.
The following extracts are from Section Of
he amendment Cpassed June Is, 1871,) to the
Park acts:
sEo.4 Corporate authorities Of towns having the
riveway bghHay which has Been located in pursa.
nee Of vote OF the people Of such towns, desiring to
hereof Or of any OF the boundy lines of the same. %
aay by petition, in writing apply to the circuit Court
the county in which such towns are situated, for
ach application shall be given By such corporate au-
aor1nes IN some newspaper published in said county,
Least It'd sa 'ys sDpasen as5Ss tho d9 % named b sd
! ! PERSONS interested may appear before said
Esuit sIS GouEt either IN person attorney when
1g thereof After herring a1 persons Interested, il
i'd Court shall deem the granting Of sad application
rantng to said corporate authorities leave to nake
ach alteration OF change, such part thereof aa it
z:ae ass f15 hS and ng
nds as anch change alteration may, in tie judg-
lent OF said Court, render necessary; and IT, BY rea-
On Of any such change alteration, any parcel Of
nd ahaA no longer be deemed necessary useful
y the puTpose Of said park, boulevard driveTay
the said Court may direct the to beso1d
nd conveyed Tor the use Of said park, upon such
rms and conditions as it may think proper. Dam
5ss sustained BY person lnjurtously affected by
JASON OF any such change alteration shall be ascer
lined and paid in the manner a3tn other cases
the exercise OF the right Of eminent domain. The
i'd corporate authorities ahau mike. acknowledge,
I'd file for record, in the office Of the Recorder OF
eeda for such county, map showing any change or
id Provided, that no application ahan be made
nder by virtue Of this section after the 1sk ddY Of
Wy, i. D. thousand eight hundred and serent;-
:o shall any change be made affecting the general
cation Of any such park after said date.
1t will be remembered, in this connection, that
10 new Constitution Of this State cuts OF an7
'ecia1 legislation. Any attempt, therefore, to
IT repeal Of the clause above italicised vould
,settle the boundaries Of every park and bou1e-
I'D in the State, q proceeding that would not
permitted, as it would also nnsettle the value
all ground which has been benefited by the
cation OF parks in this or any other city Of the
WEST SIDE TRANSIT,
the Editor Of The f1hi~oro