, 1873-02-24
REAL ESTATE.

$1,000 Gas Light 4 Coke Co. at 1os.
REAL ESTATE.
Unfavorablo weather arecss no other b1,airiesI
10 much as the sale OF real estate. No. Honeiblo
man will buy ground without going to look ut It.
walking osor it, and around it, mud all aro,lni
The noighborlood Of it. Thoro aro people wht
buy lots without those preliminnros, but, In nint
caBoa oat OF ton, thoy sometime wial1 thoy hadn't
Instance tho "Doulcyar1 Addition" Of George
W. Scott, and several similar z Hsnburban " addi
dons. two Of which ne call to mind now ns
"south' Of and adjoining tho town Of Hyde
Park"
During tile fow days Of pleasant weather in
the first half Of this week, thero was u pcrcopti-
bic Increase III tho inquiry and negotiation
for suburban lanla, but tho actiyily Inns
declined with tho mercury in tic
Thermometer, mud 1t is not probable thero will
bo much done until tho ndveut Of milder woathor.
Considering the difficulty Of negotiating rcal
estate pnpor during tho past month or two, It Ia
q little remarkable that tho volume Of tral,aac-
tiona has kept up 30 woll. Many Of those who
speculate in land depend on tho sale OF tho pa-
per they tahe in tho sale Of ono piece Of ground
for money to buy another and tho difficulty Of
Boiling tho papor thin winter las boon tho moans
of greatly diminishing tho number OF nalcs.
Tho donand for siuglo lots at prcoH ranging
from $500 to $1,000 hus not been afrcctod by tho
etringency OF the money market, because tho
purchasers aro nearly all mechanics or sa1ariod
mon who have had tho money lying in savings
banks for that purpose Tho Bupply Of money
offered by brokers and loan agents ia, however,
increasing and it is pretty snfo to predict TINT
when tho graaa begins to sprout speculation in
1f3t1r1 ,,,rsn Ia ALI,
previous spring.
THE rLAN OF '..srAK1Na REAL ESTATE PAPER"
to sell, has beon reaorted to in n good many in
stances lately. 4" owns a ton-acro tract in the
business block viii ich he wants to sell for, sny,
100000. Failing to find a bona hdo purchaser.
at once, at that prico, he gots some friend, "B,"
tobuy It nominally for 3125, 900. "B' getan decd
gage back for 81oo,0Oo. With the mortgage mud
tho Sl00, GOO Of notes representing four-ifths Of
the nominal purchase money, IA" goos to some
% other city and sells the noteB and security to
bad "ha invea!mant tsns if'S "b" i eann0t v h.
.ng to pay po s!!g Ss2S2oo aewn md giye his
notes como due, b is, Of course, uuable to nav
and having never paid tho s25, 900 in the bol:in.
Mng, does not care; Q other forec1oHea, or tho
properly pro- ~ transferred to him by agrcomeut,
and tue net result is, that q has bought tho
property for Just the price he could have bought
# OF A for. It should not 10 understood t2at
this ls q common practice, though it ia known to
aaVe oeen 'done IN number Of cases. It III to
90 condemned, bocauso, ihv all ullrr t1crBustyo
tranaaction1, 1t makes a fictitious standard Of
prices, and has tho effect to throw general dis
credit on tho whole volume Of Legitimate trans
actions, and when found out, az it inevitably
will be, ia nn injury to every man wto offers to
soa property or real estate paper on an honest
swIND1Es IN "onEAp SUBURBAN 1org"
aro getting to bo SO numerous that unleas somo |
stop can bo put to it the whole roal estate btlsi-
ness will bo seriously affected by it this spring. |
Lnere are dozens OF plausible Montague Tggs |
u thus city in the real estate agency businoss,
and = nearly all Of them make speciality Of
cheap suburban lots which are utterly WORTH |
lesB, but which they contriye, III q dozen ways, |
20 sell to unauspectlng worl1nen for prices rang
i!ng iog from 500 to $500 each. Many Of these fol-
: show Of legitimate business. calculated to do
ceiyo even soma renBunnlly Hhrewl purchasers,
MANY OF them got by aome hook or crook rec-
concentrations from respectable and honest poo
Pie. In short, these real estate swindlers
a are assuming such an alarming dogrec Of plnuai-
bility aud got up in such elaborate ways, that
IN many cases it is difficult to provo the Bwindlo
legally, and yetit is apparent to common sense.
lhe s"i2alors arc, in many instances, 80 well,
posted in tho ln1T tlat thoy defy It, and il tho
Tor LIBEL.
Lot tI4 Wtford ] sSnd deslsr a1 av N wusr
OTIS and subdjysiolh OF divers swnmps in Hyds
Park and Lake TownB ',ips, MAS arraigned on Fri
10y before Justice Don oll and held obail to au-
wor ut the Criminal Co urt to charge OF awinl-
Ing, preferred by Joa ?ph Platt. Several OF
Hhitford's victims weret in Court; othora are a.
nost daily turning up, En- tho prospect is that,
or some time to come. lio will be sufficiently
usicd with past real eBtRto spec,latiouB to Anvo
title leisure or inclilaton f.'r fresh enterprises.
lis plan Of operation was A'omewhat original.
lis agent, or "pal." adyortiso in THE TnibuNn
or furniture. horseas yNagona, Western
3s 3hd osr01a otS in oa exchange faf Ion aaa
ice.loolsing vacant land iu\ some .,attrao-
lye locality, as the property Of VI itford, and
rado negotiated By the agout. VII tford takoa
10 property offered in exchange I'd gives q
eed Of some swamp lots, five or O. ght miles
istnnt from the spot shown to tic uusrn pecting
ictim. These being usually ignorant Ia, borers,
arnera, poor wIdows, strangers new to tia city,
navarro Of tho Importance of IN nbutract, and I
othing so mucl rs q little cottage on TIA ir
suburbanIlot." tako the "prominont real oataa3 ]
caller % his word, and scores Of them are porS
aps yet Ignorant OF the fraud which has boen ] I
as, of courao,. his Ignorance Of tho fact that i
10 agent had shown tho wrong lots; whi!o i
10 agent, In luis turn, pleaded thut he mover aaw
her field for tho Chicago swlndler is at present J
} fertile AZ the real eBtate buslncsst md none b
more induHt1iougly worked. For tho reputa- ],
on OF tho city aud the interest Of all honorable q
aalerH IN 1bhi obta1o, IL Id 70 Db Aopeu that tho
ito which, at leaat, overlook Fuller & Ruin q
'rth, mny soon be viaited upon some OF theHo y
iscroanta who 1.-Two by iloecil,g tho honest, un- n
lspecting gockers Of humble homes in Chicago. S
sTILL ANOTHER CAaE. II
Jacob Cohn and BIelyin ". Palmer, Of tho real I
tatehrn Of Cohn l. Cd, ,worobound overbyJua- o
CO Cannon to appear ut tho March term Of Tho q
riminal Court to answer to the charge OF swim A
ing Mr. detz out Of 81 800 worth Of goods q
sing part OF his stock iu trale on State street
hich said Cohn d Co. succeeded in getting
,BsesBion Of by tho transfer OF 80 lots in sus- Il
iles south Of tho mouth Of Calumet river. It O.
oms Cohn i Co. told hlr, Getz exaotly whoro 7
10 lots were really sitnated, aud, therefore, q
'uld not bo charged with Misrepresentation III Il
lat particular, but they also persuaded him that Y
thin month, and To convince him OF this they /
't three "petcr Funk" purchasers to come IN /