The New York herald., 1874-05-22
REAL ESTATE.
A Further Examination Of Outside In
fuences Affecting This Market.
The New Parade Ground
and How 1t Stands.
CURRENT TRANSACTIONS.

Although the dealings yesterday were confined
as usual to legal sales there was lair attendance
at the auction mart and much interest was mani
tested. .~ tnf.st- esT
Mr. James NJ. Miller sold three lots with build.
ings thereon located on Tweny-second street, east
OF First avenue. sold'under the direction OF w..
Whitney referee; Also by the same order, under
the direction OF J. W. Leverage, referee, house
and lot on Prospect place and iour brick houses
and lot on Third avenue and Thirty-ninth street.
The foreclosure safe By William Kennedy, under
the direction OF r. F. Farrell, referee, iour lots on
l27tn street, aso under the direction Of Frederick
Smith, referee unimproved property in norris
ania.
Mr.. H. N Camp, under the direction Of j. 7.
owen, referee, plot OF ground bounded, by
Twelfth and Thirteenth avenues, Eighty-ninth and
Ninety streets; and Messrs. X. J. Garrettson
& Co. sold, by order or the Court, the lot known
as No. 373 Pearl street. sf.n
Below VIII be found ulier particulars.
Congress having agreed to adjourn on the 22d
OF June. II is safe to assume that no new element
of distrust growing out of financial legislation Ia
likely to arise curing the present year. The billA
now before Congress all contain in them more or
less of unhealthy expansion, and should they pass
both houses which is OF itself doubtful In their
present condition, are not likely to meet the Prest
dental approval For, be 1t borne IN mind. the
much discussed recent veto OF President Grant
was not the veto merely oil bill before him, but
the veto OF
A PRINCIPLE IN LEGISLATION
which was, indeed. only slightly limited ar In the
bill which called forth the Presidents opposition
That pill. in fact, was so worded as to almost i'm.
pose upon the President the necessity OF signing
1t in Justification Of his own act, and yet
he declined. How much moro certain, then, Is he 70
withhold his signature from so-called Tree banking
bills, where the word ''iree'' means simply "unre'
stricted,n ana In which an unlimited, or almost
unlimited. issue OF paper money Is permitted with
out any provision Tor redemption. As this Il
wholly within the scope OF the objections raised by
the President IN the message accompanying his
late veto OF the Currency bill the chances are
largely in favor OF the expectation that the DAY Of
adjournment will be reached without any iurther
legislation on the subject OF the currency.
men wiIi have time to examine the soundness OF
their views upon this question, 10 stndy the true
principles winch underiie all correct and STA.
more thoroughly with the examples OF history IN
their relation to this important subject. Besides.
although the question Is yet undlspOSed OF, the
very reiiel gained Dy the knowledge that no new
and dangerous experiment Is 10 be tried thus
field without dus notcc and discussion viii alter
the stagnatlon. which has now lasted so long,
cause sharp revival IN al departments OF trade.
The crops promise finely, ana Win tile INCUBUS Of
uneasiness taken away Oy e A
THE ADJOURNMENT OF CONGRESS
the several industries OF the country win soon feel
the spur o. a reawakened activity. Thus lar the
entire spring season mas been exceedingly BACK.
ward ior reasons which are sutc entity Clear not "a
need recapltulatlon here. Yet as trade mas
languished Tor year there must be pressing
needs throughout the country tnat are sure TO
make themselves rapidly felt as soon as the dis
trust growing out Of the attitude OF Congress IN
relation to the finances IS removed Dy its adjourn
channels subject OILY to contingencies known
and capable or being understood by business men.
action that has paralyzed business OF late. This
quantity wa, partly determined ty the veto, but
All adOurnmenE Will withdraw IL wholly, for one
year, at all events. from the necessity OF calcua-
fion II Is impossible That this market should nor
RESTORED CONFIDENCE
thus anticipated, bur It may not be this
summer unless, perhaps, IN the case Of
In the latter there Is the greatest reason
to look for renewed interest, inasmuch as the
reused activity of the market when airy reached
there sltuated. Tnat reused activity we are GER
tainly not likely TO before the fall and 1t may
be not until next spring ;but one has only to 70 back
q lew years in mental retrospectlon Of TINS market
to gain assurance OF Its inevitable certainty, and
that at no distant day.
There appears TO be another hitch in relation "a
THE PARADE GROUND ~
designed at the northern extremity OF the island
aDoye Fort Washington. 1t Will be reeollected
that some eight or nine months ago remonstrance
neighoornood OF this proposed work, against
its construction, such property owners believing.
damage to their property, they having IN view, or
SO pretending, such dr ground ana militia rem.
QeIvOuS as lOmpk rs square. ltsWaS also protested
against on the ground that such work should be
county charge, and not charge upon them
the militia OF tue county. The remonstrance was
no sooner entered and apparently acted upon
than IT was discovered that
A MISTAKE
had been madc-that tue parade ground was not
to be second edition OF IompAins square; III fact.
scarcely parade ground at all, being SO lar from
the city that 1t would only be used BY the militia
lew times during the year, and then only
small portion OF 1t, like the Central Park CON.
park, beautiful. green spot combining all the at
mayohs % waxs anu arHes' w!en o, course rne
part Of the protest against II was sunmariiy With
drawn. but as to the last part there remains
mystery. Thus the matter STANDS, however, W
THE COMMISSIONERS BEING EsroppED
from gong on because OF the previous action OF
the property owners operating upon the Central
Park commission, who ella IN the right thus to stop
Sci, while the ormer claim to have the opinion OF
ex-Judge Davies, OF the Court oil Appeals,
na oner e % 20 ,n 70 work.
entering into the merits OF the legal questions IN.
VOWED. 1t may be safely said that II the adjoining
property owners want this Improvement and are
willing to pay lor 1t 1t seems hut fair tina they
should be permitted TO indulge themselves TO ina!
eXtent but II any OF the charge Is 10 pc assesssu
upon the county then there are much more press
Ing improvements IN the way OF street repairs,
new streets to be opened, and other works o.
like CHARACTER absolutely essential to the comiore
vi the citizens that should De attenueu 70 naSt.
New York would be benefited by this parade
ground. This city Is already
OyERBURDENED WITH TAXATIoN, .,,
and realty. now threatened with higher taxable
valuation, Is already weighted 100 neaviy WIN ~.
sessments Tor various improvements from Wmch
little advantage has yet been ucTves ~ iespce. W
stimulating active dealings. u neets rehei IN TINS
respect, rather than increased pressure As was
said before II the property owners are wiilng to
pay for thfs PARK they certainly might be allowed
TO but II the city Is 10 be charged Win any OF tne
exuense IL Is equally certain tnat our militia can
get ali the drill In Tompkns square, their armories
or at intervals in camp that they are likely 70 re.
qulre during the next Ten years 70 repei INVASION
or put down domestic violence
The following are particulars OF yesterdays
sales:-
Nyw YORK PRoPERTY--Br JAMES N.
I bt tenemen Mt h., stable and lots on s. I'D ST..
34 ii. 6. OF st av, lots. together, 1u6x9s9; Ben
5 s. bk anu on ", y Prospect place, 1903 IT, ".