, 1873-09-01


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and industry in the country at lnrgo. Nine out
Of ton buy bucatlao others buy. at,t imbibo their
increasing values OF city rcnI cstnte aro, however,
only an incident uf prosperous trado In other
things. The commercial position of tho city IL
Tho solo Foundation Of 1tA growth. Whom itB
tr4io 1norohpos ltH population hnl lts roa ostnto
values incroaso n tllo Hanlo rntio. IL II III this
pouts Gt hottvo p,'sl'leah tn's fall aila next
spring N tio gon,oral trade Of tho olty promlso,
"iSo, nnoh speculative "ct'vtty IN roal oatate.
It. would bo eSInAE Ia"t y rnSrEnS1 say F. o o,,ror =,
tho suburbs slioto 10 THO mont activity just at
prcaont. In nearly. MI directions lilo largest
landowners aro full OF pro1octa for now streota,
hsttor sewers. and othor similar improvements.
Ihoro tH, however, one point in tho
suburbs which must soon exercise an
Influence, to draw tho city out toward It, moro
powerful than all the other suburban inauencon
put togettier Tint point is tho Calumet Iiar@'or,
Of tho heayy freight bt,sinoss in lumber, coal,
iron, md Iron. orcs from Dhtcago River. In
fact, II tt1o Calumet l1arbor md Ilvor Ind been
made available yoara ago, Oh they haye now boon
work. in CLEARING out the ohal,nol and building
tho piors, South Chlcago would now be doing an
important share Of the tranBfer Of froights from
cara to YoBsols, and Fico verBn.
much speculative activity IN suburban lands be-
twcen Hyde Park Hotel and South Chicago. Wo
hear OF tho salo OF ono trnct OF 40 acroB in tho
north half OF SEQ. 81, at 81 .2b0 por aero, which
Of another ealo Of an undivided quarter interest
In lG0 acfes, half = mile north Of the above, at
the ratio of Il $50 per aero. Tho fact IL, thcro a
not much land in that vicinity offered for anic.
A LAnaE TRANSACTION. >.
01r. o. J. Slough, vol known aa tho founder
Of tho pleasant suburban town Of Hinsdale, has
recently mado ono of tho largest transactions In
rcal estnto ever. made between private
individuals In thls part OF tle cotln-
try, Mr.. Slough has sold to q party Of Chicago
capitalists for whom hlr. Charles Z. Druner
IL truatco and ncgotiator), FOR tho sum Of 9io0,-
600, al tia interest in tho town Of Hinsdalo Tex
cept his private roBldonco) consisting OF 10000
feet frontage OF town lotH and also 400 acroa Of
adjoining land. Tho lots nro in tolorably COM
pnct body nonr tho rai1rond-station. and tho 400
acros Of land ad3oin tho town on tho west. Tho
lots aro partly improved, and tho sale includes
ono church, one building nhca for a town hall,
Slough lived at Hinsdale all alone, he had
bonght abont 500 acrcn Of lnud. and deliberately
set to work to build . town. That he Inns
accomplished his purpose ia shown BY tho
habitnnts, and that Afr. Slough has not only
built town but made n fortune. He ascriben
hiB SUCCESS mainly to his unfaitering confidence
IN tho valas Of suburban property, around
THE OnioAoo TRIBUNE. As part Of the considor-
alton for his Hinsdalo property, Mr. Slough
takes deed from Denj. Lombard Tor tho fno
residence No. on Calumot avenue, just north
OF Twentieth HtrCot, including Ill feet OF 'front.'
age and strip Of ground on tho opposite sllo
Of tho btreot to preserve tho lake view from The
front OF the residence. Tho consideration for
this tlno residonco property is, $4,000.
wAnAsu AyEsus.
limits to sixty-shird street, distance Of throe
1nllog. and within throp wcpka viii bo ioiued at
Thirty~tlfth streot BY a wooden block pavement
from !Tweuty-ninth street. mixing continuous
Griya Of Heyen miles from Madison Btreet.
George Springer ia removing his residence on
the northeast corner Of Thirty-h and Alicht-
gan ayonuo and will erect at once . flne business
block on tic grounds, 120x48 Ieot.
M1soELLANEous NOTES.
Mr.. U. +. Hoyt las broken ground and COM
menccd the erection OF tlrst~class hotel build
ing, with barn and Bhcds OIL tho corner Of Cot
tago Grove avenue and Fifty,-nrst street, 'front.'
ing the South Park and the Grand Parkway con-
Meeting the two bouleyardy. Tho hotel building
is to be 60x10O foot, with substantial STONE baso
mont.
John p. Olinger purchased from Edward 2.
Dore the northwest corner Of South Park boulo-
consideration, 100000. n1r. Olinger proposes to
build very handsome residence on the property
and make i his home.
fold l1QxlGD foot, located GU the southwest cor
nor Of Wabash ayenue and Twenty fourth street;
consideration, s40,o Alr. Dore will improve
this property at once with d flrat-class marble
frqnt bloes Els for residences.
now branch Of tho Hook Island Road consid-
Grafton, $500 Gin all).
n. n. Lord l. Son sold 10 lots, 251125 feet