, 1876-10-29

| properly. Under the stimulus OF snrcn,.t,o,,
many beautiful towns immediatcIy ahont Titl
| caso have been started. Without manv ma ma
rstal ot advantages, war2 but BY the liberal
| been made delightful situations n1es foe
homes, and as such have been oc,,,r,at9 ~
| A very. great number OF the houses in thssa
towns have been abandoned By their ownerss Il
a.;s person we're TO Judge OF Chicago only by tho
t pEoVements in these localities be womb natnr-
ally infer that at least half Of the population -,
Cook County had departed Yet the ero--- :
the slty and the increase in the number t., -
habitants to half million is capable Of definIta
proof. The matter is all summed up In tha
mcnt Of living n the suburbs and T lave episs- be-
come dissatisfied with it, and where the power
as mas ens1ed' nave relinausned their homes and
lore, Is how all Of this property, In the licht
Of experience, is to be made available, It ter-
talnly cannot directly depend OH the growth Of
ths c1ty; that is to say, no one expects the city
wood, OF Washington Heights The influenza
Of its growth would hardly justify an expects
ton OF realizing the prices at which it was held
LnFee years or more since from that cause alone,
me idea that on the revival OF demand for
CITY property, suburban property must also ba
In request, is not tenablc, neither is it generally
expected; but it is expected that by the sau1e
processes which brought this class OF real estate
in favor before it will reach and pass It's former
figures. III such should be the case, and it
because the main foundation for @'tr, the
rise would be speculative. It is not
intended to dccry speculation wholly, for in
legitimate healthy growth as to be inseparable
from it. The only object aimed at is to con-
vince, If it be possible, the owners Ut property
in these SUBURBAN towns OF the necessity Of
making It mainly independent Of Chicago by
the location Of improvements which will not
only invite purchasers and dwellers, but keep
them. There are some localities which have al
ready recognized and acted on this idea, and
which must reap the full benefit OF their efforts
IN the not distant future Washington Heights
educational institutions which are a.
ready in operation and being pushed
forward to completion. hIavwood has
q successful manufacturing establishment
town M to confidently hold their property. South
Chicago, With its manufactures, lumbcr-yar,ls,
dockagc, md railroad facilities, has In itself the
elements OF remarkable growth, whatever the
OF the present may be. And, as
bearing on this same point, It may he said that
unimproved propcrty at the Union Stock-Yartls
Is substantially the only non-income real estate
Tor which satisfactory cnsh offers are now being
made. If. therefore, this necessity for enter
prlses IN suburban towns which shall secure and
acted on, there is no reason why revival OF the
business Of real estate should not create an in
qutry for outside as we'll us for city property:
It, however, the necessity is disreEar1ed, owncr5
must wait for another tide Of wild speculation
to enable them to put on the shoulders of okhers
the burdens they have been carrying. c.
BUILDING N ISDlANAPoL1s-
The indianapolis Journal OF the 25th inst.
has an exhibit ct the new buildings erected in
that city since 1872. Their total cost has been
about 49, 358 o00, exclusive Of structures erected
BY the city.
NEW SUBDIVISIONS.
The following were the plats flied for recon-
he past week:
Hagernan's Subdivision OF Lot 9. Block q,
5ushnells Addition, giving ak lots with IN aver
lge frontage OF 24 feet on LnSaIle street. bounded
IN the south by Elm street.
Heaysman's Subdivision OF Lots 49, 81. IS, and
70 in Block OF r. ]. Hamilton's Subdivision. In
he n. ". 4 Of 49, 30. II, making five lots. having
N average frontage north on Congress street Of 20
eet with depth Of 1J5 feet.
Hnlse's First Addition to South Chicago. bcin.
subdivision in the southwest i Of Sec Il, 81, Is.