, 1874-09-27
The karket Dull as to Transactions, but
Firm as to Price.
Construction of Good but Cheap
Houses--Rents.
The Illinois l. Michigan Canal---
Washington Heights.
The Loan Market----Sales and
Transfers.

ingly dull in traqsactons, but firm ~ to prico
Purchases are mainly limited to lots for improve
uaent and occupancy by owners. Cowparativel,
there has been but small business III this 1iae
during the mast weck. There is still much dis.
coss1ol, as to whether pr1ces hare gone doHn te
"the bed rock, y and until the Impression be-
comes general that they have, purchases for in
vestment to ANY considerable extent e1nnot be
expected. Tho conviction among real estate
holders seems to be we'll settled TINT Chicago is
to become even before the century
closes tho great central city of the
continent, and hence those who can pay taxes
aud interest, If they one anything on it, hold on
"a their property with immoyable teuacity. In
an average Of ten years it has never yet failed
to rea1ize haudsnme profit on al judcious in~
vesta,ents. While, therefore, the views Of hold
eCs and purchasers arc SO far apart, sales will
continue light.
GOOD EET CHEAP HOSES.
A new feature in the building operations OF
the city is the construction OF good but COM
parative-y cheap houses by boss-mechanics
For ios :auce, q mason, carpenter, painters, aud,
pori1ars. plumber, or any oae or two
OF tae.n, will buy several vacant lots
an senle fnvo1ite residence street.
Tbny r.l put up block OF neat
4Hs-alcf. tenements with basement, which,
9laH flushed, they can sell for from sc, 600 to
cH,ghj- II purchasers do not Immediately take
saeIr. .flc mAs0n aud carpenter may eaca take
tvn End ehe painter and the plumber one each.
5s, acJe NlIlls they Ill sold and tie parties
are ready to put up another block Tho low
F-ico Of labor and materials enables builders 10
Et.ll at reasonable figures, while they give en-
plosIne:t to their hands aud find themselves
with balance in bank at tho close OF the year.
thus Is class OF houses very much ueeded for
1~ -F
tn live within them. The system has been
pracuced for many years in PhladelphiR, with the
best OF results both to the general welfare
OF the city aud to the pecuniAry advantage of
eaterprlslug builders; many Of whom have
&Ina5sed large fortunes Thus far at least we
are glad to notice more taste and variety in the
construction OF these Esocks than one sees in the
urcaDme saneness o4 tho streets Of phllladel-
phla- We learn that the demand for these
houses nearly keeps pace with the supply Let
OF them sue better.
10! FOE CHICAGO!
Our Oldest citizens have not forgotten the
quaint but expressive notices they used to SEQ |
rudely painted on emigrant wagon covers as the
long train OF settlers we're moving Westward. |
Now, among the wealthy men in all the cities !
OF Illinois, Western Michigan, Indiana, Iowa, |
Wisconsin, Minnesota, and the fever has |
even reached Kansas aud Nebraska, one |
eau see. with the minds eye, stamped |
oa their household gods! s.Ho! for Chicago |
They have made fortunes, and the disposition to |
como here aud enjoy with US the advantages OF |
. groat city has become widespread and CONTROL !
ling Here arc cur parks md splendid bouIe- t
yards, soon 10 bo completed for q circuit OF Is |
miles; our public library; our e1pos1tons, lee |
lures, concerrs and operas; our beautiful lake |
NTH 1.s heath-glving breezes, with scoro of |
other attractions wE1ch wise fathers and duting
matrons wish their children to enjoy. They !
know that now befuTe property and everything |
else takes another surge upward il Just the time
to invest and make foE themselves home aud 4 !
future In the CREST social and intellectual as |
well as the commercial and industrial central !
city OF America They are coming, as we arc |
assured, IN very satisfactory numbers AZ tho |
next census OF our city will show beyond all |
question.
We learn that places OF business End dwellings,
fzmcz. Tho people driven out by the July fire. |
and the steady increase Of immigrants from all
directions have taken most OF the heretofore
unoccupied space in tho CITY,
TIE ILLINOIS MICHIGAN CANAL ii
Te published last week very interesting
from the Hon. 4. J. Galloway On
the Importance Of go improving the navigation |
OF the Illinois River to Joliet, and eula1ging the
Illinois Michigan Canal 20 admit the pass
age Of Mississippi steamers directly to this city.
j he compoEltor made some serious mistakes in |
the text, wLicn Mr. Galloway corrccts in the fol-
lowing note:
TO the Editor Of The CHICAGO Tribune:
Sic: In my brief communication of the 18th inst
Your romioAitor makes say that the width OF the
illinois aichigau Canal, with l5o feet added would
he lIo feet whereas it would ie 100 feet ut thr botou
she hglres given in iDJ letter.
Tho slopes uf the canal banks are feet horizontal
70 foot vertical 80 thx Bur1aco BREADTH with feet
depth Of water IN the prism, would with the enlnrge
nent rtopoeed be 12 feet except in tho rock cut Ge
200 feet, f''' @0' 0~"e7o
1.nake This correction tocause the figures published
TirA Mn xiff.
regard TO the present capacity Of the canal
CHICAGO, Sept Il, 1874. L. u. GALLOWAY.
Our business men Of the present dav NAV
wonder why this canal Was originally not made
Of that capacity, aud it may be we'll to give them
lE1o some Items III its
HISTORY
At tho hmo tho canal WAS projected there were
Two parties among the leading u1cu who were in |
favor Of it. Ono contoaded that the Illinois
Es1ver shou Id be made naylGablo by a series of
locks aud dams to Joliet, and tuonco to this |
caty. the canal should be made OF a capacity to |
pass suy steamer that could navigate the Illinois
It an ordinary stage Of water, direct to this CITY.
SO firm we're they in their convictions that on1v
such canal could Eeet the wants of the North
"os: that they procured survey from the |
hstingulAhed engineer, Mr.. Wright, of the
STATE OF New York. who proved that the improve
nent could be made much cheaper than the |
- uarTor ditch" OF hundred miles to LaSn1lo !
sod that 1t would subservo vastly bcttcr the
commerce of tho Northwest. Most uufortn
'.A@311. uR Lne Olner Side Was an influential SET
II politicians, who had visions Of . fortune in |
'ao town OF LaSslie, the land of which they
owned. at the southern terminus Ct tho canai |
Both <he facts in regard to it's construction and
ts value As a channei OF commerce were greatly |
n favor Of the river improvement. Its friends
got it through tho House, aud, just before an ,
Adjournment, for dinner, it passed the Seuste hy
majority That niqner-hour Is o{ten bir |
slth events, and in this case it Was CHARGED thai
aurlng that time several blocks in In. |
sale changed hands When tue Senate !
same together in the afternoon motion to Re-
consider VAS adopted, and the bill WAS amended
% build the canal on tho uarrow gauge. and
1assed By majority. The motion to recon- (
adcr was Soted down, and thus Al Improvement
II natonA importance Haa rendered local and J
'1rtra,iy spoiled By The greed Of few echeuinc
'oitlcsns.. Like The harpies Of old, they detile
3oatefcS their Erasping ayaTice touches. The
oameree OF the entire Northwest has been ]
Eampered Tor geuefatiou,- and millions Of
ooaey have been lost to our people through that
ct Of ahort-eishted, selfish legislation. The !
anal CAD neTeE furnish adequate facilities to tho
osncaerce Of tho North hwest till it is enlarged to
30 'generous proportions now urged br Mr. ,
'auowsy, and frequently advocated by others
ooner or later it must be done, and tho sooner
ae better for our city and the Northwest,
wAsu1SGToS HEIGHTS =.
This suburb, extending from the south line IF / E
AXE Township southwark to the Village OF Blue :,