, 1874-09-20
A Large Amount Of Building
Being Done.
BouIeyards as Means of Checking
Conflagrations.
Enlargement Of the Illinois q
Michigan Canal.
The Loan EIarket-~-Sales, Transfers,
Etc, Etc.

-A&~N
neas has been prosperous for year OR two Sur
pIus fuuds are invested in real estate, and. until
these accumulate, and can no longer be prodia
bly used in trade or manufactures, transactions
are confined mainly to purchases for improve
1ncnt and occupation. That money is yer,
abundant all over the country, docs not give an.
deduite promise as to when holders Of real estate
1,1ay hope to realize. Till the great public art
satisfied that 4'bed-rock' has been reached and nj
further shrinkage can bs expected, an active
movement in tho eaftst of all Investments can
no: be expected. That they are 80 when judicious
IL, and sometimes even recsle6sly, nado IN ane
near great commercial centres, il attested By tht
history Of ali the cities IN this country While
in ucrcartilo life more than ninety out Of ever.
hundred-as proved by the most carefully-nre-
pared statistics-fail, those who have s'acrc-
property" OF any considerable realty in our great
cities. aud can manage to hold on to it, always
make their fortunes. OF course taxes and H.
tcrcst, if they have much Of that to pay, mar
tent thcn up" during long sesson OF depres-
sion; but j: is fact we'll understood. that. while
one Stewart NAY am.ss great fortune as 3
merchant, by far the larger proportion OF tho
ereut estates are made by early investments in
real estate in our leading cities.
As an example OF tue Way property has appre-
c!ateu
IN NEW YORK,
takc tho following from the Times Of that city
vi the 18th:
The following are tho facts in relation to the private
e*lc nf properly On TAirty~second street, between
uruadwa, AID Sixth avenue: y. II. Rxyuor sold one
and tse-1lfti lots. corner Broadway aud Ih!rty-ee
aud street. 10 feet Sixth avenue, and 1O8 feet on tue
youth line, with four four-ssory briek * storc9 nnd
dwellings, thereon for the Of so75,ooo, which AT
re,1.4f 900 Az evidence OF
the rea, u real estate III New York City, Mr.
Tavnor tn4kcs the following statement He eold sad
l.ud when vacant in lS4s for =, ,oo again. III after
tie buildings were erected, for $1,000; sold them
again i'll 1855, for *4o oo; again sold them. IN l5S2
fur s45 coo aud now, 1874, for 600. T. A. Wit
thans was the List owner and has rallied at least
profit Of SOU OJ0 owning them only tweTe yeare, he
always receiving large rental on the prce rao tor
Bank purchased the property future location for
their bank. The presen: bank is located in Cana!
street.
Instances in abundance might be given OF
like appreciation in this city. The writer was
offered. IN April. 1852. fourteen acres immediate
" south OF and fronting on TWenty-second
street. aud through about tho centre OF which
Michigan avenue runs. for $500 per ACRE.
S7.03o,-10 i'e1 cen: down, balance IN ten years
ut per cent interest. Tie fear that he might
1ct Ee ahle to ,.zoyiGe for the interest aud taxes
dete1re.I l:l.: j.: n purchasing. A friend who
went WITH i;~- LEX 1t the property took it,
and il ciCi:. ns4t;2a sold it for 914 000.-maklns
clean pIDiE IL E5 4puU uu hA AAt AtEe+AAEAt ~
s7,OoO Ine property is low valued By AL ex-
l,orienced real-c.iatc dealer at
OVER ONE MILLION DOLLARS!
All this in twenty-five and ha!f years.
Nest Hlcn who havo been in the city quarter
OF century, aud are still numbered among = the
laboring c!asses, have made similar narrow es-
capes from being rich. In fact, tho whole city,
CT almost any part of it, might be given as all IL
lustraton OF the steady appreciation, IN spite OF
occasional periods Of dullness, and often shrink
1F nf4y li,nr rr,tY tY1TY1rf
saving, Hold Oh to it, and it will surely bring
Won out, " is founded III the enii.e experience Of
Chicago. ......
IS often said that all opportunities to make
fortunes are past.
NOT B1T OF IT.
In ti1no of dullness and depreciation, like
tho present. With care one can find where to
place comparatively small amount Of funds
that will be sure. in ten or twelve years at most
to yield fortune. When tho clowd. as now,
are in tho market 20 sell is the time to buy; but,
Of courfe. good judgment must ba exercised in
making Investments The opinion OF the coolest
heads is sadly st fault if the population OF
Chicago does not rise considerably above ,00O,-
900 by the time the century closes; Let eacn
one estimate for himself what effect that would
have upon tho va:e Of real c5tate.
BUSINESS ron THE WEEK.
Very little has been done during the week.
Dealers report inquiries quito freely, but very
few purchases we're closeo. A noticeable fea-
Of paying cash. People ala determined to get
out or to Keep out OF debt.
BUILDING.
Taking advantage OF the low price OF labor
and materials, there is really an immense amount
Of building gong On all over the city. One
gentleman counted forty marble-froI;; dwellings
gong up On Calumet and Forrest avenues, be-
tween Thirty-second and Thlrty-fourtn streets.
The recently burnt district is alive with work
men. State street. especially, reminds one of
the activity in building Immediately after our
Great Fire OF 1911.
BouLryAHDs As MEASs OF CHECKING cosFLA-
CITATIONS.
We are permitted to publish tho following val
cas,lc paper. read by II. ". S. Cleveland, ESD,
the laudscape-:-tist. before the Engineers Club
OF the Northwest, Sept. II:
Il has long been fayorite theory Of mine that We
Is nation en- joy such an opportunity az Was never be-
fcre offered for the development Of the scientific aud
principles which should be observed in the lay
ing out Of towns and cities, in order to secure all the
advantages which the situation affords, for the promo
;Eon Of convenience, safety. and health, ss well
beauty and attractive interest. There is probably
scaI1ey single etty Of my lmpoTance IN existence
and often to continual suffering and taxation, from
esuscs which might harc been avoided By timely
forethought and the exercise Ct judgment in the
o:;gina! design OF arrangement, but which it is
almost hopeless to attempt to retrieve by subsequent
alterations TIE experience Of Boston fince her great
fire Of November 1913 affords "a illustration Of this
truth which ought to serve IA lesson and warning
te cities yet youns enough to profit by it The map Of
1e burnt district in tu3t city, which have brought
with this evening shows the AREAS which have been
condemned in order to widen stratshtcu or make
new streets before rebuilding. The portions coored
In red the condemned areas, and the debt in
CURED by the city for the purpose &C. 4l3. OF
rourHe nothing hut tho mort Urgent and Obvious
city could justify the assumption Of such debt, or
The seizure OF 10 much land, tic owners Of which
could only hare been compelled by sueh necessity to
part With il. And after a1t-great the f,roye,cut
ha: leen,-th3 htreetB narrow and crooked, aud
tnconTcue1t. compared with what intelligent en-
gnccr would have designed could he have Lad cIen1
{le3d which