, 1874-09-13

work haa been preliminary, but II Of Il IL neccssar,
| to tho perfection OF the ssstctn-
! It cannot be doubted that within fi7o years q
most Chicago will have one of the finest sys.
tens OF d1ivea and parks in America. ThAt
they will attract to city An amount Of wealth
adequate to their coat. aud most desirable and
! valuable population. is equally certain.
| COMMUNICATIONS FRoN BIZ. COMMISSIONER GAGE.
I Since the above was written ne have received
and chcerfully give placo to the following COM
| munlcation from the Hon. George ". Gage
I! We trust propertr-orners will receive its sng-
| gestions in spirit Of compromise and promptly
act upon them
| GEAsp PACIFIC HoTK1,}
TO the Editor Of 7'he Chicago 71tb,tne:
! SIR: As you will rutlish artclo in TIE TE1B-
| usE tomorrow on reaa csss:o, which vii be gea-
what follows Of sufficient interest, please incor-
| porateit:
The late excursion over the South Park not al!
for tt." The law requires the Park Commissioners
to report each year to the County Commissioners the
amount Of work done, money expended, and tbs de-
be made in December next and but little is to he done
from this time till then, thought personal e1am
weather would enable them to form correct judy
ment in regard to the performance Of our duty. We
failed to have majority Of the Commissioners with
Thosc who did attend will DO able to fudge OF
Blrfacenork done, and they will also tho success
attending the planning Of tzees Arubbery, and flow
err be attributed this dry year plenty Of water
supplied by four five miles of Pipe running through
tho park and boulerards. But this is not what want
to talk about.
aveuue to the centre i t:r Tern Of Lake. 200 feet
wide. At the Junction Q: ~ stern asnue park of 20
canal bouerar $50 fcct vide is provided by the law.
Some Of the land for the park and some for the right
Of way on the 25ofoot boulevard, has not been pur-
chased. The Importance Of this park aud these two
bouleyards In the future viewed from our recent fire
experience. cannot bo ovGrestimatod. What would
the cits Of Chicago give to-day for street running
.t,1-n
running north and south through the centre Of the
city 80 feet wide? That is just what these boue-
Yards provide in the town south 81 the city In ia
milo. property-owners on tho park and boulesards
to care but rery little shout this Improvement,
and du not meet the Commissioners IN
John Wentworth has inyestgatcd the subject. aud,
from conversation had With the writer within
few days, expressed earnest wish to assist IN any
manner to carry forward the improvement and, in
view OF the large demands Of somo Of the owners.
suggests that the Commissioners commence conddE
nation proceedings NJ against all the ouners-
Tint ia easier said than DONE Separate proceedings
required against esch owner. with Commissioners"
lawyers, witnesses for each case with an appeal from
Commissioners to the Circuit Court, and from the
Circuit Court 10 the Supreme Court All this takes
long tine with great cont, The Park Commission
ers arc limited IN til. means they have to purchase
land When the lark bill passed, 200 900 WIS thought
to be sufficient 10 purchase the iand. When entcr-
felt confident thu: that sum would not do
1t, 40 the Assessment Was fixed st above
one million eight hundred thousand doll,
Ars 81, 1865, ,0OG) Before much progress had
been made that found TOO small, and
tho right to make assessment granted So
new Of +, 600 0oo made and il being COL
ected Out Of this tho land must be purchased,
If it purchased because thero ia other fund
that will be used for the purpose, md is feared that
and to he purchased fear 10 make this too long for
spacs. Enough has been said to can the atten-
ton Of the propertyowners to the subject and now
earnestly ..ask Mr. Wentworth Mr. Walker, Mr.
Young Mr. Mari. Mr. Weston, and al others, to meet
the Commissioners on such ground as the depressed
condition Of the roaetate market warrants, aud are
ths title Of The property in the Commission and the
improvement will come In good tn,s.
GEoRGE ". GAGE, Park Commissioner.
SOUTH CHICAGO.
South Chicago glorics in the fact that COM
plete transfer connections hare been made for
the benefit Of that coming metropolis, by means
OF the branch OF the Rock Island Railroad rln-
ming from South EnE4 4wood to South Chicago.
4 connection with the Illinois Central Is made at
Burnside, and the Fort Wayne Michigan Gen.
tral, aud Baltimore i Ohio are completing &r-
to the zane end
De Jong Brothers, OF Burnside, have secured
the contract to furnish l, soc, 900 brick for tho
Baltimore l. Ohio shops at South Chicago.
THE LOAN-NAR6ET.
The business OF the past week has been fair. the
aggregate amount showing aconsiderable advance
egn financial &stitutlons have loaned @s2l 900,
against 56i, 900 l>st year. The following arc
some Of the transactions recorded 4 trust-deed
on corner Of Ogden avenue and Madison street
to secure $4,000 part purchase money, with
8 per cent interest; mortgage on the north
west corner of Forty-ninth street and Drexel
avenue, to secure actual loan of $15. 900, pay
able in five years, interest per cent; trust
deed on some u acres in Sec. z, 38, 49, to secure
~ Indebtedness Of SIC, 600. payable in fre years.
interest 10 per cent.
STAT rEaEsr FOE THE WEEK ENDING