, 1876-01-30
REAL ESTATE.
More Activity in Sales, but the
Market Still Quiet
Why Municipal Taxes Fall Heaviest
en- Real Estate.
Effects of Corrupt Government and the
Evasion of Personal Taxes.



TIL sALEs OF ZEAL ESTATE LAST WEEK
we're more numerous than the preceding Teek,
znd the real-estata dealers looked upon the
situation with
MORE CuEEEFT1SEss-
The movement In landed property ia Of course
light, as it mnss ia at this season, but With all
the dullness prevalent there il no depression.
1T q time like this, when there are no speculative
to chronicle, and nothing above
ordinary interest in The transfers Of
the Teai-estate market offers
few features for comment The general ae-
poets of the situation alone present themselves.
TIE first thing that will atrise an observer OF
Chicago real estate from such point OF view Is
the absence OF the paaick5 feeling that prevails
in New YORK real estate. The depreciation that
has followed the loss OF trade to New York has
be6n severe
BEYOND ANYTHING n CHICAGO.
One OF the New York daiies recently con-
tanned letter from q n1ope5ty-owner who
stated that he would gladly sell for S1oo.o0o
property in the neighbothood of Central
PARK for Which but two or three
years ago he paid 5400.00o. Tho 1860
acrce Of New FORK are mortgased for s1,6o0.-
000. GOO. The greedy pelicy OF it's railroads, its
municipal extraSagance, the inevitable dierEslon
Of the distributing trade have nsde much &C.
'verer there than here the decline in vslues OF
real estate. Much Of tho trade that New York
has lost ne hsve gained. Ne have had munic-
ipal extravaganza, but nothing like that which
has borne down New York. Holders OF Chicago
prop ertv do not write to the Chicago nevs-
papers offering to Sell it at quarter Of its value
three years ago. It ia certainly true that the
only voluntary 6acTldces lthla excludes lore
closIres) Of Chicago property have been those
nade by outside. generasly Eastern, parties,
VINO inoged the state Of anaire here " that Ii
tAel1 6ecslon- II la IL ILLUSTRATION OK Ing
sC1Ea1on EHn1wDsEss AND CONFIDENCE
of ChicApo'6 bussness-meD.-that they, IN every
one OF the few cases where properly has been
thrown on the market By outside owners, nave
instantly bought Il uT Every seal-estate dealer
can recall sone such instance The purchasers
in these caEeh generally secure baFga.ns winch
they would not part With Tor TWICE the money
The effect upon real estate Of municipal e1-
fr2vagance-l g., OF heasJ MUNICIPAL ta1cs-ls
disastrous Its effects can be most plainly seen
IN New York 4 word ought to be enough on
TINS subject 70 the Wise men VINO OVID ana aeai
Il Chicago real estate. Ona peculiarly OF rea!
estate il, that tho 1ax-ga:herer can always hnd
it. Tue extent to which personal propersy
eyades rs1Etion is ........
ALMOST 1scEEDiGLE. .-
ce2l aud undervaluo. 1t was asserted last week
"a the New 1o1k Assembly thas tass tue new
York Central and Hudaon River Railroad Com
pan1cs havo escaped the payment Of Sl5 5G00.Voo
Of sa1es on their personal property By swearing
yeaz after year in Albany that they paid their
taxes in New York. and in New York that they
raid them in Albany. This is but one instance
of the frauds through which hundreds OF
millions Of personal property escape tax
atom in this country. The burden OF
the eupport Of government, local, munici-
pal sud htate, ,is III this WAY thrown On the great
middle classes and the holders Of real estate.
The problem Of municipal government il one
discussed nowadays on every hand. II is OF
Iheiz property
CANNOT EsoApE TAXATION.
II no remedy is found fos mxni cipai misgovorn,
ment, it official thleverr can go on forever, and
saxes can be piled up Without limit how long
will city real estate remain marketable
lows:
Ior1ng A. Chase hea Eold to Charles W. Bes-
man tHo-story and basatnens octagon front
br1ck resldonee' with lot 2o1loo. corner OF BROOK
otEeet and E!lis court, iof "a. o3o-
ot asen faI sI5 a' has son a. 'oo'n hnsl"~0oo on'
H. 4 E'erhaft has sold for Potter Palmer. to
Nr; T. Aaserman, q OsWego, n: T., tWo-sforS
building 1nd lot 2o1so, on state EtIeee od Detseen
ADAMS ana Su1ncy' eass 1to1t, !oa *lsuvo ca7n:
S'HE - AoeAs A-"o to4A o0AAA5 49, "0~H A0s
4. Block ). Fosters suodlslson: on living place.
east OF western avenue Tor 1nomas ). fosser,
3of SL'3oo' 6"o iq.s at tautoa. an y asuluetou
1delshts' tor of. a. G1ooks, LOT St9o; TWO iots
On Sofmsl scnool aaoluon' 1or 80 1ou1 aoss
N ulslEs Gloe1t supclVason' r Geo -, %, 10,
sof -. z uHoetts LOT eI,oo1; a4su 1o5 haule
party, Lol Z. Bioah ~. W: Clarke 9 saoo1slAon'
bee. ~ ss. H. LOT <'ag; aisor iof same paaty'
four lots In South EnG!esood, for Sl'zoc.
DFlck mouse and iot 2211oo leet On 'euerson aee-
cue, hFae fasR' 1of george =. ftee1. 1or tt'3Vo'
seven lots u bnooKs Llna sapqis1slon 8. aa-
2ieHood for Dr. 4. BTooke. TOT <5ao each; houso
and 10: at Crete, IL, !or Eh hoggs' at Fi1ao.
III. Pet1o has sola the soathens1 corner OF
North Ueafporn and blsason 81 st1eets, oelnG aux
LOU feet. for tho eun OF S5,No' Tor immediate
Improvement; also. lot On tnsil street, near
Pearson street. West 1ron1 ne1ne zo1so 1eet' 1of
f.. 500 cash
Bash Potter hare sold i've stores cornar Cot
ssge Grove avenue and Thirty eighth streets,
Tor $42 600; 200 feet On ViDcennea aEouue, near
rhi.ty-eiGhth street, for $25 GOO house and lot on
Egan avenue, between Cottage Grove aud Ellis
.yenues for IS, 900: lot on kzoger street, North
tide, 23 test on Indiana auepue, near Thirtieth
1treet, east front, for $1,000; block on Lake
nrcet, bctwcen LaSaile and Fifth avenue, 40x
$50. for SIS, GOO.
". Klein has sold Lot in Fowler'e subdivision
Lots and 1U, in Block 2, Dyer l. D2yigon's
nbdiyision Of southeast Il Of northwest 4,