The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-05-16
REAL ESTATE MATTERS.
The Proposed Industrial Exponton-An Appro-
priation of s2,500,0oO Asked from. the
City-why Not Place the Crystal
Palace in the Central Park!

Dull trade Is about the only news to report from
Pine street and vicinity, where real estate busi-
ness Is mainly transacted. At the Exchange there
was an attempt at one sale but even that fell
through No doubt the exertions used the day
previous at the disposal OF the Tweed and Roche
property were too much for purchasers, and in
consequence their energies further speculations
were exhausted.
Yet the brokers say that business is very active,
inquiries after property very brisk, prices stiff and
holders unreasonably independent. While there
plenty OF purchasers, sellers make no effort to
meet them half ways. We have heard OF several
TRANSACTIONS; but, as the parties desire the par
ticulars to be kept quiet for the present respect
their request. The following private sales were
reported to US yesterday
BY RIKER, HEssE AND co.
seven three story brown stone houses, 20x45x1OO,
on Firth street, Brooklyn, Tor S107.700. Also is
Tompkins place, Brooklyn three story brick,
24xooxll2e, Tor $4,000
One lot on the Grand Boulevard, east side, II feet
$l5,500
THE CONTEMPLATED INDUSTRIAL EXPOSITION.
Latterly great deal OF discussion has been
had In real estate ana other circles about the
Industrial Exposition which is proposed to be
punt on the grounds now known as the National
Ninety to lo2d street and third and Fourth
avenues. bill In the Legislature TO authorize the
loan s2.50o.O00 is about becoming law.
The terms OF this appropriation to the effect
that the lean Is to be secured by mortgage on the
property, which is only far secured on an
"optionn The full particulars OF this purchase we
published last February, when the completion OF
the contract should have been effected, but for
want OF funds, was indefinitely postponed
WORLDS FAIR FOR NEW YORK CITY,
one worthy OF the great wealth, dignity and i'm
portance of the mighty metropolis OF the Western
HemiSp here, Is what every American citizen
earnestly advocates; but the project must be car
cd
To place magnificent structure on the spot deslg
mated for the purpose fails OF the intent and can
only tend at the outset TO benefit a little OF the
contiguous property, and more SO the Third and
Fourth Avenue railroads. If we are to have
for large portion OF the expenditure, and then
help to pay for the ground Itself, let the city at
%o a e @ Tes o. the 'ns
our present popular and elegant Central Park was
discussed in the Common Council 1t was under
stood that a sutflcent space thereof would be ap-
propriated Tor the erection of an Industrial Expo
sition building. The. space fronting Fiity-ninth
street, say between Sixth and seventh avenues, is
admirably calculated therefor, and would not be
missed; on the contrary, such an edifce would be
AN EVERLASTING MONUMENT
to the grandeur OF the Park. In London the first
national exhibition was strictly a government
enterprise, the palace being located in HYDE Park.
Subsequently the building was removed to Syden-
ham, where the display OF wares and manufactures
continues to be an attraction and paying insti-
tuition. Under similar circumstances could Crystal
Palace be permanently sustained in the Central
Park and remain as feature for an indefinite
Strangers visiting this city are attracted to the
Central Park, and In such locality they expect
GREAT FEATURES OF ENTERPRISE.
IT the city government will not furnish suffcient
means to erect the building, let contributions he
solicited through the Chamber of Commerce and
our trades unions and the project will be assisted
along rapidly that very short time will wit
ness its completion. But to erect magnificent
edfce OF the Kind in an out-ofthe-way locality
must prove failure, and, In such an event, what
return has the city for the outlay requestedP We
must have worlds fair here in New York, and it
becomes our duty to select for the location a site
worthy of the enterprise.
The property on Third avenue, Independent OF
being out Of the way, is wholly unified for the
purpose. The outlay for levelling the same, blast
ing rocks aud for raising the sunken ground would
be than the original cost OF the plot, whereas
in the Central Park the ground devoted TO this
purpose is ready for the builder as soon as the
work requires the undertaking.
The rapid transit scheme to be undertaken by
the city has by no means been abandoned, and the
promoters have only kept quiet in order to learn
whether the other projects now on foot will he
carried out. meeting OF uptown property own
ers, independent OF locality, will be held at the
ONCE OF Mr.. John McClave at three O'Clock tO-mOr
row afternoon to adopt some effective measures In
furt herinp This much needed Improvement.