The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-24
THE WASHINGTON MARKET JOE.

Il
THE WASHINGTON MARKET JOB.
Bill to Place the Market i'm tho Hands
of a Monopoly. Who May Charge Whas
They Choose for stalls So Long -
They Pay the City Seven Per Cent ON
the Appraised Valuation.
The following letter and bill expose what lOOka
very much like gigantic job TO place the tenants
in Washington Market under the heels of rapa.
cious ring called the Washington Market Company.
the names of the corporators of which are not di.
vulged in the bill -
STATE OF NEW YORK, ASSEMBLY CHAMBER,t I.
ALBANY, March Il, 1878. !
To THE EDITOR or THE HERALD:-
herewith send you copy OF bill introduced in
the Assembly providing for the leasing OF large
ton and washington Market, to a company calling
themselves the Washington Market Company
s 5 to ysS VIM ne d
their valuation this company is to pay seven per
cent and taxes The Commissioners are to lease
the property to this company for the term OF tweu
ty-one years. with two renewals, making q lease %
sixty-three years. This lease. you will Observer
thirty days. No other person or company Is a.
lowed to come in competition for this lease. The
e m tne e nc
Now, sir will the property owners Of the city -
New York allow this gigantic speculation to be 40
and honest way to dispose of this market property
Is TO pat It up at public suctien to the highest re-
spOnsible bidder, who will erect suitable building
thereon, after advertising sufficient length Of
time for such purpose. Please give this place In
your paper and ooles yours W SespsHsiS' yooRH
AN authorize the leasing certain
s the Of e static Of sS s n
Senate and Assembly, do enact as follows:-s
he Sy e
for .s ~a rsn en-
north Ssssy ,ss sast5y xs.apsiC street.
tenemens bounded the east BY West street On ih:
I'd AZ bS.s By the Hsae p e. g. i
YORK. and known as West Washington Market reserves
and .S and sn the Ss
from the Of New v yOI. and Al Tgh: q
as lie Sss same anne now exists
S0sS r. q a aye as s as 81 81
Act in the manner hersnaits. providsd whose dgsy
1 so's :ss !:
aaa'a, s1r with value q s.
S ST., Ss
sS ~
ssass suSserss Obligation il wsisins Hnas5
faithfully perform the duties imposed upon them By
best ts ability They ' ;: O e p
iessees of said property on delivery eass
sss BE e. ss
s s Of the washington Market Company shall 4
%T1S ss s
nereimSecre mentioned and proesed in the performance
their duties In any Of the persons 50 sp-
said Board the place thus vacant shall be ed in the
SEC I~The said Board ofappraiserss within thirty
fbair unc nt ma n n off
Of Register city and county Of New YORK their
proper erm by their oahs affrmations and duly
Of DEEDS Wherein Ry shall g
praseS the same q All ne estate rish
r rsa s s city Of
fore described exclusive Of the streets and taken to
sfsnfF %nSs ana
la. Re G sa 4ss ss &
=?
saS IasS shs
ns said t ,ha pi SasS
a ns dS Ssy hereby
sS S Of a Spf 0
3 Msc 81 sha ss .
iS .a r:pSs,s% p :aor ,s
said ns 4.
taxes and rs. sss
ss. h hs to he ussS
N ,hs mythey conditon lessees thereof shall
sss,p n
e for s sa snoeo the tss nlSS
und and the said lease snail contain and be subject
the further condition that the lessees therein named
the construction o. said buildings and expend thereon
SKc Swithin six months xtpreccdnc the time when
Qured be made appraisal Of the said property
exclusive the buildings thereon erected shall be mado
~ the manner herenbetore provided for making the
newed Term next Thereafter following shall be SUM
equal " per upon the valuation ascer-
tanned and determined by such appraisal subject 10
taxes and assessments aforesaid.
SEC. The said Commisso Of the Sinking Fund
shall execute in iorm and deliver TO the lcsseeS
OF said property lease thereof in accordance with the
and proper for carrying the same into effect And tho
rent OF said property, when received by said Commits
soners shall be applied by them TO the credit OF the
Sinking Fund OF the city OF New York A., s..,
shall give the Washington Market Company the first OPP
on opportunity privilege TO lease the said property.
upon the terms and subject to the condinons
company until after thirty days notice IN writing the
said Washington Market Company shall neglect refuse
src e-The said lea sc shall also contain covenants and
subject the conditions that ~ the expiration other
or termination of said lease, the city New York
shall purchase the structures and buildings
which have been erected upon said premises dur
ing the continuance OF said lease and shall pay tho
named in said lease, their heirs
or assigns the then value thereof which value
the said essces their heirs executors successors OF
assigns mutually chosen, by three Commissioners APP
pointed for that purpose by the supreme Court Of ha
htate Of New York and thenceforward the title to the
Sac i0rhis act shall take effect immediately and aI1