, 1875-09-26

carry tho huEBe-raliHay tfach TO teuarsf fa1A"
MISCELLANEOUS.
TIE AEsTIAcT-sW1SDlE-
| As our readers are awa.e the payment Of Il
appropriation Of $4,000 by the County Boa
| for the abs:ract-books Of Wilmans l. Thelcl
has been stopped by injunction from the court
This step WAS taken BY the Citizens Associatio,
upon The exposure by TIE TRIBUNE OF tt
absurd, and probably corrupt, character Of tt
operation. The mntter is NOW m the courts. an
great confidence is felt that it will be settle
there adversely to tbe County Bo.rd. This tur
Of affairs is regarded with great pleasure By th
ta1-payers. It is not only that s45, 600 has bss
cared. It makes ahalt in the march Of the Count
Board upon the County Treasury. There is hop
that the Taxpayers can make rally at this poin
and throw the County Roard into such dcmora]
ization that their transparent scheme Of County
Courthouse plundor may be broken up The
now know that they are watched, and that thei
tt;esiDg can bo stopped. They may see thei
| way to building tho County Cou1t-Houao choape
| than they meant to.
| CONVICTION m HYDE PARK.
| The Trustees Of Hyde Park have summaril
changed the nomenclature OF all the streets o
the town, to tho great disgust OF the .residenta
| The north-and-eouth streets are to DO named
| avenues, and are to be numbered Avenue One,
Avenue Two, otc., beginning with State
street. which is Avenue One. and proceeding
| eaatTard- Any short intermediate streets are Il
be called places, and connected IN name With the
nearest avenue. Thus such a ssrset between
Avenue Ono and Avenue Two would be called
Avenue One place. The citizens Of Hydo Para
aro preparing memorial against the change
They think that the long avenues which ara con
Chicaso, ike State street. Wabash ayecue. Mich.
iean avenue, aud tie like. should retain thei1
weiLtuosn nasaes. There is no objection to q
properly-nFrauged systeM OF remaining the Streets
that originate in hyde Park. There is in fact a
great need that such reform should be had.
Great confusion results from LAe present diaor-
der Of names.
DEPRESSION IN NEW YoEK REAL ESTATE.
The New York correspondent or the Cincin-
natl Commercial Bays:
rcA1-estato agent Of this city, who Is largely COIL
cerncd In the collection II mercantile rruts, tails
that BEFORE In any year, has there been such
difficulty as there is this yezr about the payment Of
reuts BY tho merchants and blslness nen Of Broad
way and other streets. He says thero ccnld b. no
such striking sign this Of the pressure OF tho lard
and dull times in tho ctyr Many men were merely
able to nay small sums account when tho quarters
Font fs a1e m hs o Last r n M
0o yea=, who the list of AuguEt, bad to be let e
with payment OF 500 on the auaztere account and
within his knowledge. The holders Of Broadwa
aud other downtown bualness property, who
used to be 50 stringent with their
times. rsey get what Ssy ta Or tste what tey S:s ge
accoun. for the time being, and take the rent n
premises 70 p.y when tho fsu business hss enabled
pscted improvement in the condition Of affairs They
dare not Turn tooic tenants OFT, for tcir buildings
would stand empty. as can be seen by the aEre uuuo
er OF unoccupied business houses In sen1o parts Of
the city. The holders ol uptown property, in tllo
rezidence rsrt Of the city better off. People must
haye houses to lire in. In many cases the occupants
tyFt h3yN 4rY
many other cases two or more families occupy eingo
house: but there ara awaJs plenty OF wealthy ps
can easily bo had. The best paving
property in the city st this Tina N fact, it is at
most tinss @ j.: are tenement houses Nearly three;
md crammcd tenement3.
THAT ~ koIsELEsB PANIC"
The Nev York Daily Bulletin does not like the
articles OF tho New York Herald On the "noisc-
ess panic :" ia New York real estate, from which
70 quoted last week and the week bofore. The
5u2dstin says:
The Herda, In recent sensational article on the
ouditon Of New York real estate, assered thai ths
onds and nortkages held against II by financial in
the assessed Faluatlon Of the city. Now, the as
tsscd valuation Of reI estate in New York County |
1871 Was SSH so9, 765; and the Htratd shows tho
mount Of mortgages held by ::so Nov York savings
anks and insursuca companies to havo been $685.
X, 19; 80 that the proportion Of mortgages to
ssessed sea. T.I5e @ Of property i only about. q
lderence, shows tho disposition Of the Htr1d writer
} eragges7te tho true atate of tho exss. The
eice in question states that the assessed valuation il
4sad OF 20 per cent Of tho real va}Ea This may be
10 case nou1raaly but familiar With the ss-
sk1nsnt vsIuat1on city properly, "a whole, win
.eend tha. it exceeds 40 per cent Of ts acsa. value
fo]oWa, therefore, that an assessed ynlrntion Of
- 001 010 nea1s re:l value Of g. o0y0; sud
o., $50 ZOO Of mortgage on tha. amount gives M nv
age rate Of mortgage en- the real estate OF thia city
lesE than per cent In this estimate, however, we
9 accepting The Heraife assumption that the mort
3es held by our financial inetIsc.iors arc wholly On
y real estate. This Is b5 1ruc, cousder-
10 portion of tae hypotnccated properly being 10
ted II BROOKLYN IN suburban districts qutkide tho
unity. Had the Herald informed its readers that tho
ortg1zoz on city property Ia the hands Of the dnan-
i institutions amount to about ~ per cent Of their
Value, it Would have toId them the truth n nearly
1t can be appropriated bu: evidently that wa not
IEcciee object Of The writer.