The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-27

time OF those VINO now witness IL. The veto OF the
ZION TO monetary interests to the actual resuInp-
ton Of specie payments IL Ii the largest step Ia
that direction that we have yet taEen and 1t brings
purpose, IN end towards which we are always ad-
vancing. nom which never recedng. 1t must he
the public credt %as vansbe n S
way as giving assurance to foreign bondhOldcrs
Z hat their bonds would be ultimately redeemed In
ON. but u was only the act Of one Congress-,
winch another Congress might undo, and which
the present Congress, 1t would seem, IL quite Ca
pable Of und0ns: But the President's Veto means
that not only shan there be no reputation, IN
whole or IN part but no suspicion 0i IT, and that
there small be IS wen no trimming with the national
pledged itself to course OF honesty aud redemp-
ton, the nation shall hold to that course ct what
ever cost OF sacrifice no matter what lessons OF
and no departure rom the strict line oil Integrity
Will be permitted, or any temporary Indulgence OF
fancied relief not nominated IN the bond" 1t
THE COUNTRY ON SPECIE BASIS,
for alsn0u9n, 10 the ordinary occupation OF that
phrase, we Will not oe so without resumption, yet
as 1t erects gold as the standard OF value anu re-
duces greenbacks to the character Of mere tenn
nestle exchanges, In the absence Of coin ~ cir
culatinG medium, such com to be substituted at
the earliest practicabe period. L ixes specie as
tie measure OF future values. Now this Is point
the fu,l significance Of which ought to be appre-
ciateu BY real estate men. sudden specie rcsunp-
ingy dangerous, provoking as 1t would
q sharp shrinkage Of values in wlping
ont the Dir. renee between The deprecated
paper In wnlcn such values are estimated and
specie. This at the present time Is about twelve
cents on the dollar, or about one-eight per cent
but, then. not to the extent assumed. There is no
evidence mat SUCH shrinkage has not already taken
place. and that the. depreciation III convertible
Inauguration Of a reckless policy Of ln1aton, has
not been even greater than the existing difference
between coin aud paper. Values ct t1eir present
Aaoi u To vpa
to the conditions OF immediate specie resumption,
and certainly can 90 so without disturbance In the
future.
THE CHARACTER OF NEW YORK REAL ESTATE AS
AN INVESTMENT.
its eminent soundness and safety, render it sum-
GENTLY like gold to remove all lear Of disturbance
as Likely TO grow out OF specie resumption. There
ing fact, however 1t may be delayed, never again
to be lost slxnt or It " SAFE to assume that real
- r.
Of money writer's. This being the case its future
movement must be appreclGtive. Be It under
ence to existing values, not the value OF years
ago, because 1t was the valle then, and may or
may not be the value now, which since then may
conditions surrounding the market we may
safely look Tor an early activity based
OF real estate as an investment and an increasing
inquiry suggested by Its certain revived apprecia
ton II y probably TOO late this spring to expect
much, but the ali ID likely TO prove busy season
and certainly next spring we will doubtless md y
"reminiscences OF past periods oil excitement. In
ness done in quiet way by shrewd capitalists VINO
comprehend t3st
and who Will be glad 20 take whatever they can
get hold Of At anything Ike real concession from
FORMER prices. NN
The following paragraph clipped from an ex-
discussed here as deserving the attention Of deal
ers in real estate. 1t says
which pro1oses TO estsSiis onrts NJ negitr n ryhi
any one showing title without taw nav have II reg
ters inquiry thts record will be needless and
iedlous Work q examining separately every link In
'0ns cn ma ~ q nse may - DISPENSED WIN
IL Will DC recoected That the attention OF Parlia-
menG was calea 70 TINS suoject IN the speech rom
the throne % its assembling, and tne question dis
cussed here at some length at that time IN It's
suggestiveness to us It Is somewhat singular to
note shat me soluslon now onered IN the shape or
Dill Is precisely tnat wnlcn was reached mere In
the course O that discussion.
THE PRIsENT SYSTEM OF REAL ESTATE C0NvEYANCIN0
u tedious, cumbersome and expensive. restricting
dealings and imposing unnecessary burdens upon
transactions. simpler and more expeditions
mode Of TRANSFERRING titles would operate to give
lncreaseo activity ~ sne mefket IN essening tne
our simple ahooauM tenure, De readily framed
alter the manner suggested IN the above para
lar n its OPERATION 70 the transfer Of United states
regssSreo oVnu tns Ane ussio " 1ur pe0p,e -.
measure u tnis Anu, anu tneT apprecla.
!
naue uuAins tuc soveioiEnG " boss IWoosi
~ Aioany W oona,n = vmarter ior 1ea,
estaee Loan anu .Iu ~, oulnPany, WHICH xavo !.
40 m,,e anu ~ ai.e ha N.Y.;
uanSao. 1u ~ ~ c maaI SiS0a WIS
manner. muesneI sne cnat ter ~ o ,. , Ut
no. MILL ~ ~ r n .S SnS St s @ 70
IIoI rs, M no ny euJ svU =. Su
ae e q rnnosad ~ tn h smnttaa ~ par.S
SUN % ~ -, M =, .h, ts w VA :" 49,
ver. :,rcn,e ADJ he created WIS '''' 0o1 ~
'eiy e'A"P'S ~ ~nyrpT nr prorsrpv
cntairsn, yerfact t,t,a m,rht no enssarrnT ae
,nTatintta nnnhar 81 times Nv means rs = sS,rr,s
narS,rcasa s',ch &C renrasents ~ tho ncdar ~ q
Jfn,,ar S,atns raC,starad hnnd Ms cia.n, ora,ms+
the S,,vernment' When the holder Of tnat Ger.
rncate wishes to dispose OF his registered bont so.
called he surrendars his cartifcafe and the mr..
chaser takes ont n new one in his own
name The same process could be applied to
the transfer of real estate by the Certificate of
the Court of Registry assigning q certain deed.
the Court taking care when one certificate is sur
rendered and another taken out that All claims in
the way OF mortgages, Judgments, taxes or assess
menrs against the property to be recOnveyed are
satisfied or adjusted between the parties In the
case OF property being subdivided it might be
necessary to record new deeds; but even then
much time labor and expense would be saved in