, 1876-01-23

70 the Esitor u The Ch:tdoo Tribune:
! CHICAGO, Jan. 21--Ecouomy is the order O
! tho day. Tie pennies are counted noV where
dollars were not oonsidered before. Tho time il
not far distant when every railroad doing = sub
urban business will hare an early and late tfai1
in and out OF the city. NTH charge Of not NOR,
] than ceots for anT distance less than twenty
| miIes ont, The Rock Island Railroad Company
one OF the most enterprising and accommodate
ing of our Chicago roads, are already agttatine
this subjecL and seriously considering tho feast
bilty OF putting on such . train in the spring
There is no doubt as to its ultimate SUCCESS, fol
Tiers is'a lsrge numoer Of PERSONS livingin CHI
csgo-pa1sons OF moderate meaus-who are
only deferred from moving to the suburbe
by the expense OF travelling to and fro. Let the
Rock Island, for instance. advertise to carry
passengers to and from B!us Island and inter-
modiate points-say .Engle*ood Normal South
Englewood, aud Washington Heights-for uni
form rate Of five cents, aud they will, without
doubt find their suburban business iucrease at
rate that will largely exceed the loss Of di cr-
ence in the fare charged now and then, beside =
doing = large business in carrying within the
city limits those who now depend upon etreet
cotB.
Tbs chances for SUCCESS are much greater than
when the dummy road Vas built, Which WAS in
ausurated with extreme reduction by the Rock
Island Company, aud yetit has proved decided
1ypayiuE business to Boston sud other plaoe1
where five cent trains are opersted. Tho czrs are
crowded, and the revenue received something
handsome. It is hoped that oths1s will express
themselves on this subject. E.IS
4 CORRECTION.
rc17 E'~}r3, xz,,f Ly.,,,.,.,. F,...-. -
an injustice to Mr. E. P. Stevens done In its &C.
count OF the operations Of Mr. B. P. Human in
school property in Sec. 81, 81, II. As We couied
the article, We reproduce the correction:
IL the opinion o this paper after interviews with
Of last week between Mr. B r. Hinnan md F. F.
Stevens, Of 2i0 In Sec u, 81 H. aIr Steyena
va sud- in the arr he took in this par
csed proper business Judgment Hnman il an adro.t
operator, and in this well In or three
ohess Of similar character; played the czuds to par
fectio1-
REAL ESTATE IN VIEW 1oRK.
Ihe probable course of New York realty has
been recently discussed by two of CUR morning
the ono taking q very roseate,
Tue othez somewhat gloomy view of the imms-
diate future. There are 80 many different iufiu-
ances at work. bearing upon the various descrip-
lions OF property lying between the Battery aud
darlem Klyer that it is impossible to give IN in
.elgent general opinion applicable to the sub
leot- VI one thing. however, we ara quite Ger
the PRICES realized st tue recent fors-
closure fsales are the 1orest re sllall see and
his applies to unlnproved as well as improved |
property. 1t will bo noticed th1t in the tar IN,
own districts, where there are now imposed or |
:esdy to be imposed some s2s, 000, 900 Of aase.a-
aen1s for improvements, property is utterly un-
IN. it is invariably bonsht By the plaintiff in the
'ctiou, WHO generally fnts himself s1ddled |
Flth- IN e!ephant-for7 these assessments
mount in the majority Of cases to more
han one-guarter OF the value Of tha
'rope1t5 improved. while the property itself
snnot IN the natural courbe Of things come in |
lay for some twenty yeara yet. But these prop
rt1es must not be confounded With the bnilainr |
ass situated adjacent to the park, on the linz Of
Improvement where the streets are opened, regu-
tied. severed paved, and the assesuments ling |
oce paid. II 1e start 1t Fifty-ninth strees an. and
a1k up Madison. Fourth, Lexington. Third,
nd Second avenues say az far as Eig1tv.sixth |
rect, He shall ind even in these dull times |
lora or less building gong on. both On Tie
= venues AUD the streets adjacent thereto. In
II tAese localities there have been foreclosure |
sles. and while the prices obtsined hsre been
luch below the vaiues OF three years ago. there |
~ been no Such decline as 4e have seen est1b-
shed on fancy: boulevard propetty aud high
F,cea nc klith avenue lots: Here in this city
I'd nov that the great retail dry-goods
asiness, has concentrated on Broadvay.
stween Seventeenth aud Twenty-third
reefs We Cannot expect to ses in the
saP n. future any very notable increase
broadway valuea between Broome street and
nlon square-certalnly not till This property
n be advhntageouely adapted to Wholesale |
'es~ Above Union square, on tie lice of Broad
y and tlfth avenue, We may look with coaf~ l
'ace foc gseat activity With the revival Of trade
ID industry. While foreclosure aales, faiIuras.
ID assignments will clear the commercial At ! :
osohere and help to put things on solid bas,s,