The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-11
REAL ESTATE
Waiting Upon Mayor Wickham and
Andrew H. Green.
The Desire of the Market that the.
Comptroller Should "Step.
Down and Out"
BUILDING AND TRANSFERS OF 1871

There is pause in, the real estate market In
spite OF the hopeful feeling noted previously as In
cident to the close OF last year. waiting upon the
action OF the new mayor In regard to Comptroller
Green. AS has been clearly pointed out, and as II.
sufficiently notorious TO need no further arguments
to establish Its Importance factor in estimate
ing the condition ani prospects Of the real estate
market, Comptroller Green represents. the Oh
structionlst purpose OF the city administration
that succeeded Tweed's regime in regard to ex-
pansion and the "sufrocston" policy OF real es-
tate interests outside OF the city. that seek to
check progress here.
UNDER NO CIRCUMSTANCES AT PRESENT coEcESv..
ABLE
can Mr.. Green receive the confidence OF thlss
market as the custodian OF the cty's funds. exer-
cisng, legally, ministerial functions in respect
OF expenditures for public improv ements
while practically usurping legislative au-
thoriry in respect OF appropriations. Men
In the market, owners OF real estate. while DIS
appointed that another week has gone by without,
witnessing Mr.. Green's removal find consolation
In referring to the utierances OF Governor Tilden
in his Message upon the subject OF local SELF
government When II is recolected that Mr.
Green is only an appointed officer evolved from o
peculiarly exceptional condition OF affairs, and OF
such low popular approval that his incumbency tS
A GLARING SCANDAL UPON THE ELECTIVE sYsrEx,
tutons and that he came into office under CIR.
culnstances which seemed to precude the neces-
sty OF reference OF his candidacy 10 the people.
the language OF Governor Tilden bears NO uncer-
tain sound when he speaks as quoted below. He
would seem TO have had IN view the very issue
now most largely anecting that interest,"
and to have sought carefully without de-
scendng to personalities to relieve himself
OF the imputatiOn that any delay on Mayor Wick.
hams part to remove Green might be in conse-
quence or his the 0overnor's) interposition in be-
half of the obnoxious Comptroller. There was
talk on PINE STREET
during the week, which received credence in some
quarters, that Green had asked and received from
the Mayor q repreve IRON decap itation) OF six
weeks from January l, in which to ADJUST his ao~
counts so that he might turn them over his suo-
cessor in proper form; but the feeling there II
impatient of even so much grace 10 a man who hsa
been so utterly graceess in his bearing toward 1
others.
The Real Estate Record, which, while 1t obtains
the resources TO maintain itself mainly from this
interest occupies id It's local reference thus
pointed out. something Of the rs!atIY9 Of an org:n
points touched upon IN this article last week and,
those more fully treated Of in this article
1ns nth dq! t.
suits have been recorded for the past week and values
future syet UNCERTAIN and In expectancy. since Do
Ctber 81 more hope has arisen and there to 30
renewing confidence We . loss to discover the
source OF this feeling other than Is contained in the
MASSAGE Mayor and such parts Of the Governors
Message harmonic with the opinions ofreal estate
earnestly given or honestly intended Of no avail
while obstructions legitimate improvement are per-
mtfed to cucumber doors radical reform II
demanded in the method Of prosecuting pubic Inn
nrnvements and assessments levied and collected for
pecifc purposes should be applied 70 their
or refunded.
The same paper furnishes the following interest
STATISTICS IN REGARD TO LAST YEARS BuSINHSS-~ ~
which bears out what has been said previously in,
this column respecting tho character not only OF
last years. business, but OF the past two years -
The market 1874 followed closely upon the disasters
OF the TALL Of 1873, and there was much natural hestA
ton about pulling property in the market Operations
we're thus proracted, but the earlier sales, after ALL
Jared the best There were many important o6erinr.,
some Of which were brought to issue, while Others erS
SUSPENDED the weakness q m %sskst sd
BpS, uatSe lihes OF property. while at no time
Brookyn properly this character came absolutely
grief and many offerings were forced, regardless Of
the prices Of improved property in old and we'll es
tabshed localities have stood remark ably trm &c
sales exhibited strong and frequently advancing ten
dencieA
fhR VOLUME BUSINESS N PEE CITY
for 1874 compared with 1879 shows falling OF In
die number of transfers Of fifteen per de-
crease the aggregate OF values OF $3l ia, dfS
ference Of twenty-four per cent
The following are the comparative sales Of real estate