, 1874-07-19

REAL ESTATE
ma> Immediate and Remote Of
Tuesdays Fire.
qhpt Wabash and and Michigan
Avenues Will Be-
come,
rne Rebuilding Of the Rest Of
the Burned District.
..., rstate in That Quarter En-
h,nced in Falue by the
Fire.
uhv the Boulevards Should Be E1-
~ tended into the City.
g., Gales d The Week, Rents, and the
Loan Market
.rtr tha Boulevards Should Be E1-
tended into the City.
q. sa,as cd The Week, Rents, and the
Loan Market ct,
.7,sce11aneous Matters.

.1 ;nnno,tant changes OF interest to real
~. men and propersy-holders IN this city Will
@...u rom the fire Of Tuesday.
Is 1xnED1ArE EFFECT
. odctened activity in rents- Offices vero
'..., 8. mco in the rebuilt district by those
-, rere burned out, and large numbers OF
,.-,cos who we're deprived OF their homes
sss~,ht rttugss in tenements elsewhere, although
=, n,iont7 of them doubtless found shelter
~ f;epda or IN boarding houses and hotels.
1,to the immediate effect OF the fire In the
IN, IF the ground burned oVer. it is good
r,,-x,s, IN Stste street and the streets parallel
+Rs now worth moro, bare as it is, than it was
~, improved with the fre-bo1ea that have
txubsppiJ removed. Every one conTersant With
e.'pssds Of this city, and obserant of the
ID, d its growth, has long foreseen that State
t,4,t xss certain to become in time one OF the
t-t, il not the
u51 rrEsr RETAIL sTREET N TIE CIT.
rsss future is nov accelerated Our dai1y
.rr,d d transfers has shown that sh1ewd busi-
US nen wers buying eligibly situated property
ait.. thoroughfare from time to time, for fu-
s1immoyement- An instance OF this is the
E..ecHtE4 Ql 3 1Ok Nv ILL., IuuLAE4t kAO NA0A{
sr:dscture1, On State street, At Quincy. Mr.
e=xhers plan was to erect one OF the finest
rtstories in the country at that place. Does
rs une doubt that be is now much more ready
In beiore to invest his money in such an i'm
ru,s1ent?. There are many other property
nnen On State street
TBo WOULD HAVE MFRorED THEIR LAND
kan not been for the threatening proximity OF
n t.nge1ous shanties that have too long dis
c,osd the street. These men are snfe IN build
h. roF. and State street. purified By fire, is
,ess nearer its manifest destiny.
Ast To Wabssh aud Michigan avenues, The fire
f 1871 left that part of these streets that has
been Fcyistsd By condagratlon in IN indeternl-
ns3e potihon. Some Of ...ou1 strongest-headed
p1opeHy-owners believed that the business Of
Chicago would 1eorganize itself in that neigh
buhood Ut. Scammon Vas the most conspic-
rpus deyosee of that belief. As the current ex-
preston goes, ha bet al he WIS worth that the
NEw CENTRE or BUSINESS
vorM be On the corner Of Congress street and
Estaeh avenue. He lost his bet. an the long
tavs OF his empty stores demonstrated, and the
tx1es Of Inst Tuesday completed the demolition
& his theories. There will be no more attempts
u turoe business up Wabash avenue and Michi-
m aTenue Those streets will now be improv-
sns Of moderate means. Plans have already
bsen matured By one property-holder near El-
tndse court for the erection Of four comfort
s5le brick tenements On his land, tHo on the
tua! Of the lot and two in the rear. The course
ct property -owners generally will be very s,ml-
II, for there is :
DHAsp FoR THIS KIND OF AccoMMoDAI1oN
nsH the centre OF business, and the way has
laE been opened to meet 1t. The development
d the commercial interests Of the city will lneV-
iahy encEoach year by year along Wabash aT-
esus and Michigan avenue This prospective
eaaoge Till he taken into consideration in max
II new improvements. Houses will be built
&it esn esslly be changed into small retail
EaH Shen the time comes. After they haTs
ise them by
r1xEa AND MORE PERMANENT
Ec5:2,es.
Tit d.spondent remark has been often, made
lthe Int few days that the new burned district
Mi remsn bare for q much longer time than
The former burned district, aud stand naked
Ind repulsye memorial of our misfortune and
toly Second, sober thought will show this to
oea mistske. We have slready given our re B.
tns tor Believing that the fire will accelerate the
IMPROVEMENT Of Wabash avenue, Michigan
avenue: and Stats street. As for the rest Of the
beofehed a1ea living to the southwest, there are
excellent reasons for expecting it to be
=, REBUnT At ONCE
aloss of the land Is owned by those who have
peen Living on it. aud they hay5 no intention Of
teAhog It. 1he insurance companies report that
thty find this to BE- the state OF affairs in that
9uANel sad they are settling 1osses in most cases
UPON sne understanding that the owner ia to re-
oul!a a. once. No grand structures will be put
90 Aong lh1n and Fourth avenues and the ln-
E.ueaiafe and intersecting streets, but every
eaac'a,e must at least be Of brick, and the re-
sa!s sa! VIII Dc that district which before Was q
~! menace to the city, and . blot, will be COW
walls bsa S'
HuLwARK OF SAFETY
ssnst tne lndannable region that still remains
@;Tssenmg away to the southwest.
1ue ioellng OF depression that has been so no
tsssole N olierent directions is attributable not
sauy eellous loss in the last IRE, nor to any de-
aasement OF the financial and commercial mn
ro aI. =. q the city These are intact, and Chi
e.s - uaa not even been jostled in her course OF
r.seSllts. t,~s The alarm aud. downheartedness
tt.ss, s uom tho sickening conviction which has
~. 1t1eu On every one aimee last Tuesday.
49,. 49, 70 have at Land all the conditions for a
eea:er aad
H.. MORE DESTRUCTIVE FIRE
..s. sM mat OF Oct. O. 1871. It only waits that
ooe apply the torch. That recognition of our
IE..Ma9 hss made the strongest tremble.
h,cat m US treat Fire, any number OF good reso-
r. T1s n.e "aFe MADE for the reorganization OF the
r. ~ department, the extension Of the fire I'm
d. s increase of the supply Of water and
b, = means to prevent 1epetltion OF the disas-
cand. 1ne W 0pee Of time, and the engroseing de-
~ s ts. Of rebuilding and the relief work, wore
aoee resolutions. They have been
r. u. REVIVED n ALL THEIR FORCE
tmnSs -" h3s warning. we OF Chicago have
r,4s.At r4at uine and means for this work OF SELF
ndon nd ,t:un that has been postponed too long,
,a,,s,s y % be hoped that the advocacy Of th
p,., p,eofs measures recommended by the cltl-
tnt meeting last night will not be abandoned
lrna a9e fully and successfully in practice.
soa ~ 4ler way can the undepiab1e 1nd'spoel-
IA ~; y; oatade capitalists to invest their means
H. ago real estate or loens be overcome.
L 10y obvious moral remains to be drawn
n H." itSeoNe Who build houses, and those who 1--we
would recognize the
Ia ,Aos6TAGrs or APARTMENT HOUSES,
d. dAos6 Of such fires would be greatly re-
,M - around our well-built business contre,
cnvdas leN.substantial aTenues we hare, are
Thess ss,,1es miles On miles Of village houses.
sN ulage houses have no right to stand IN q
Fsi;nact Guy snou1d consist Of city houses. Ii
een.,.41 having small wooden houses for their
IN Tilsges. The |''1 A'0 - 0AD'-1
d sAsf AND ACCUMULATED INTERESTS
lotsIs uy, ne banks, churches, warehouses;,
saa -. .uuaheams. libraries, elegant residences,
r ~ 1Ae, Ge too precious to be endangered
@ nelghborhood Of these wood piles.
'sea<ess cannot BE- gathered in day,