The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-06
The Subject Favorably Considered
by the Common Council.
RECENT PRIVATE SALES, sc.

Croakcrs and bears in real estate have derived
but little comfort OF late and the fact that nearly
three million dollars worth OF property changed
hands during the past week demonstrates clearly
that no amount of decrying has any tendency to
dcpreciate the value OF landed estate.
The feature Of the past week has been
THE SALE OF THE FAMOUS POST ESTATE,
which realized very close on one million and
quarter dollars. Everybody waited for 1t before
making investments, and by sort OF
an implied understanding, operators decided
to abide the result and estimate values
by the prices obtained for these west
side lots The sequel proved that the shrewd
spectators had rightly calculated. The fig
received exceeded the most sanguine
expectations of the veriest bull, and sadly
disappointed the bruin element. Conjectures
to the sums for which the Riverside Park lots
would sell were rife among parties interested in
real estate. The two prominent lots corner OF
Riverside avenue and 122d street, were yariously
estimated to bring all the way from sl2, 600 to
$4,000; but when the northeast corner was
Knocked down to Mr.. Cyrus Clark, a heavy land
owner ana Spectator, for $500, 1t was at once
conceded that the prospective sale would be an
immense success The opposite corner, not quite
so egibly located, brought $4,000, ana the inside
lots proportional rates. In the aggregate each lot
as it was mapped out, good bad and Indifferent,
averaged all the way through $4,000 II may be
imagined tnat holders OF property on tho west side
feel highly eated over this great result, as it
enhances their possessions manifold.
EFFECTS OF THE MONEY LOOKUP.
1t is generally conceded that tight money mar
ket has influence upon the disposal OF well
located real estate and in the flush of excitement
attendant upon the sale OF the Post estate the ex
listing monetary stringency seems to have been lett
out OF sight by those In attendance. But heavy
rate of discount Tor accommodations and failure
to realize upon other collaterals have deDarred
good many persons from attending said auction,
who otherwise would have been very heavy buyers
Thus tins branch OF trade is effected by scarcity in
currency much as dry goods any other traffic.
Looking at
THE GENERAL RESULT OF THIS SALE
and those following leads TO the conclusion
that healthy activity in real estate opera
tons has set in, and we can confidently an
tlcpate now lively business Tor some time to
come. Another fact has been most wildly brought
home TO us, and that Is IAN estate OF executors
viii bring an amount largely in excess OF that OF
other property" This arises from the natural
cause that the former must be sold at any price,
and even If the heirs buy il in, it nevertheless
establishes rates, while with the latter there may
be buying in II the ''seth price is not reached by
the auctloneer.
Brooklyn ls experiencing difficulty in her ambi-
ton to extend her municipal jurisdiction over all
the towns OF Kings county. Some OF the towns
circumstances, the Legislature hesitates to annex
them 70 that city against their Will. They will
probably, therefore, be allowed an opportunity OF
voting on the question.
But in the 'westchester towns OF Morrisania,
West Farms and Kingsbrldge there seems to be
NO OCCASION
to take the sense OF the people by ballot on the
subject OF anne xation to the city OF New York. In
DeODle
nous Ill favor OF annexation as people usually are
on any public measure. The preference is SO un-
mistakably expressed as to be matter of absolute
certainty, and no one Is bold enough to galnsay this
TACT. Yet there occasionally crops out there from
"ring' quarters disturbed, no doubt by the fear OF
losing long enjoyed opportunities in political hunt
ing grounds under their control, suggestion to
Westchester towns Tor immediate annexation to
the city by compelling them, as condition
whether, alter ali, they may not be mistaken in
respect to their real wishes on the subject This is
exactly what VIVA t proposition to take the vote OF
New York city amounts TO, and the people OF
Morrisania, West Farms and Kingsbrldge are
FULLY ALIVE TO THE MOTIVES
OF those who assume to practise this ofiicious and
mschevous interference ostensibly in their behalf
but in reality as Is easily seen, Tor the mainten-
ance OF mere personal interests That leaders in
both political parties are conlederated in such
dscredltable intrigue by no means relieves it OF
the mputaton OF craftsmanship but rather proves
IL TO be q compound craftsmanship. the ingred.
haIfs dozen Of the Other n indeed u to en W et
chester politicians thus combined to lead the people
by the nose number so many as dozen IN all
The proof that annexation to the city Is popular
In the towns is amply evidenced by the
MULTITUDE OF sIGNERs TO MEMORIALS
TO the Legislature In favor and the few opposed
In Kingsbridge scarcely man can be found in OPP
position At the recent town meeting in West
Farms the question was put to the electors In
body ana the response was unanimously and en-
Enthusiastically IN the affirmative. In Morrisania,
also, the feeling in favor is intense and deter
mlned-so much so that, Notwithstanding
there was apparently no serious OPPOSE
ton TO the recent election OF the demo-
cratic candidate for Supervisor in that town ON
general grounds his friends recognized the me-
cessity OF referring In public print during the
vass 20 rumor prevailing for political effect as
they alleged, that ne was opposed to annexation
ana or their asserting therin authority that
the rumor was false man In the town was
more heartily IN favor OF the question than he AS
a consequence OF this assurance the gentleman re-
Ierred 10 was elected by large majority the only
votes against him having been cast Tor a rcpubi.
whose name was Kept on the ticket after lie
had declined the nomination, for the purpose OF
Keeping up the party organization In the town
and who was himself also earnestly committed in
favor Of annexation. In addition to this nearly
UNANIMOUS EXPRESSION FROM THESE TOWNS,
the supervisors OF the county have also by deliberate
resolution in behalf OF and as expressing the
the people OF the county, signhedtheir concurrence
In the measure. II, therefore, the representatives
OF Wcstchester county In the Legislature do their
duty In the premises, and are sustained III II by the
city members we may reasonably expect the an
nexati0n of the Westchester towns OF Morissania
West Farms and kingsbridge TO the city OF New York
TO become an accomplished fact before the termina-
ton OF the business Of the present session. In which
event, let all parties concerned keep sharp look
out Tor period OF business activity in the city and
annexed towns, among capitalists, traders, me-
chanics and working men, such as comparatively
few may now July anticipate, but through which
Inultitudes are destined TO become prosperous be-
yond their present most sangune expectations.
THE FAVORABLE RECOMMENDATION
OF the law committee OF the Board OF Aldermen
towns to this city, was considered by the Board at
their meeting on Thursday, and was adopted by