The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-07-27
4icIlllml,d Dlspatth,
THURSDAY. JULY q, 1876.
Royal rropersy i'm New York.

Royal Property I'm Now York.
PoRrY MrI.LYoNs MORE OF EUROPEAN CAPITAL
TO BIZ INVESTED IN NEW YORK CTTY--A sus-
PTcloUs-LooErNG CIRCULAR.
From the New York Sunday Mcrcuryl
Some OF the best real estate in this city is
held by foreign princes. Several OF the
most expensive buildings in broadway. in
Broad street, and in Wall street. are owned
BIZ the Empress Eugenie, who derives from
them every year rent OF S65,000. The
Duke OF Nassau, one OF the dispossessed
German princes OF 1866, was here in 1853.
He had bills Of exchange 10 the amount OF
sl,5Oo,0a0. He purchased tenements in
Allen street that to-day are neminally owned
by German lawyers or netaries public, and
that yield him twelve per cent. on the capital
invested. The Grand Duke OF Mecklenburg-
Schwerin, Frederick Francis the Second, is
the owner OF lots and houses in Elm street,
and Queen Victoria owns considerable real
estate in Broadway 1t stands In the name
OF an Englishman.> The King Of Sweden
owns 100000 worth OF real estate in New
York, and the Grand Duke Alexis owns a
hotel in Broadway. King Bomba bought
six houses in Greenwich street in 1852, and
they are held by Italians for his son, Fran
els III.
The following circular has been published
in Germany. It's headed with the imperial
coat of arms, and reads as follows:
The American Princess Association,
capital S50,00N,000. No subscription less
than 100000 taken.
The object OF the scheme is to secure to
German princes much larger interest upon
their money than they ear otherwise obtain.
PROPERTY in New York can now be bought
at advantageous rates. While the taxes are
Enthusiastically high, there is still large
margin for profits. The object OF the COM
pany is to purchase for cash 500, O00,000
worth OF property in New YORK city. flVe
sentlemen-threc of them lawyers attached
to the Ober Tribunal lthc Prussia Supreme
Court, and two merchants OF New York
will have the management OF the properly.
Asa matter OF course. under the laws OF the
State of New York, the latter two gentle
men will nominally hold the property in
their names. But the great object is this
That the expenses OF managing such vast
amount OF property under these circum-
stances will be reduced to minimum. 1t
is the object of this company to ask Tor nc
higher rent than six per eentum over the
expenses. This will secure an interest
which cannot be secured in any other large
and growing. city in the vicinity.
Our directors are: His Imperial High
ness, the Crown Prince OF Germany; the
Grand Duke George, Of Mecklenburg-Stre
litz: the Grand Duke Frederick Francis, Of
Meckenburg-Schwerin the Duke Ernest, O.
Saxe-C oburg- otha; the Prince OF segan
the Duke of Ratibar, the Grand Duke O
Oldenburg, the Duke Of Brunswick. Thirty
two millions OF dollars have been subscribed
and are now on deposit at Bleichweder'
Bank lin Berlin). Only noblemen OF tn
first rank, having access to the Emperor
any time, will be taken as subscribers.
This open circular is accompanied by
confidential one, from which we max
the following extracts: :.
It will be easy for the stockholders to oil
rect their emigrants to the quarters ownet
by the company. The cheap rents that VII
be charged will create sensation in New
York, and also a demand such as is no
now found under the pressure OF high rents
We believe we can rent property at sue!
rates as to pay the company, and one hal
less than houses or rooms can now be Oh
tanned in New York. OF the future OF TIL
city no one can have the slightest doubt. l
is assured beyond pcradyenture. In fit.
years FROM to-day every inch OF ground OF
it will be worth fifty per cent. more than l
10 today