, 1879-03-09

mode Of transit in New York. Real &sr,.. =
New York has received an immense irnnnt..aa ~
from the elevated railroads. The New T%.se Tns1.
N*zaa Of March 8 says that there was a vat
fore, to compete for choice parcels OF Maiispae- ~
a;enue and New avenue property mainly. ~
Madison avenue houses commanded yery tds tais
prices The lots on New avenue and nns r1.s
Huntredth aud One Hundred and Fras NE
| streets went of ut very low fon-asss
The Evening Post believes the present year ~;
be memorable one in the history of New Yor,ia
growth. The probability is that more dwei|;nnSa'
} houses will be built in that city during J8;o
than have been erected during any 17evors 49,
year. This is chiefly due to the influence ~ ~
elevated roads: The general feeling anone tsi .11
business men is that the bottom has been re,ch a.
Cd. It cannot be said that the rcal-estate roor.
ket is fairly open yet, but the feeling Of conf.
dence that exists between buyer and seller ans
between owner and tenant, indicates that ~ =
fresh ard wholesome impulse is felt in all hne;
ness connected with real estate. At present jn-
Quiry with reference to real estate and dweI|ine-
houses By persons now living in New York oor
ists living in other cities, who wish to take ~.
vantage OF the effects Of the elevated mad,
a Chicago architect, Mr. Chlrles M. Fn,,,
was one Of the successful competitors for ~.
awards offered in New York for the best @'
PLAN OF TENEMENT HOUSE,
to be bnilt On the regulation New York In
25x10O. The first prize was won be Jane. :
Ware. The straits to which builders of fens- -
ment-houses are put by the size OF the Nv
York lot is shown by the fact that Mr. Ware ba,
to rely upon a light-shaft only one foot wide foe
lighting and yenttlating the inside room,
OF bis plan: The four plans that TOOK he
plan. Each accommodates four families on n
floor; each has two suites of three rooms
in front; and all but one have the same numbfr
OF rooms in the rear. Each has central hall
midway in the building; each has an open court
the centre OF the plot In each suite there is
| middle room which Is lighted either by wen or
| indirectly By the rooms on each side. In tbreo
OF the designs the water-closets are in the cea>
| tral half.
| The committee in charge OF the plans state In
their report that in their view it Is impossible ia
| secure the requirements of physical and moral
1 health within the narrow aud arbitrary limits Of
| a 25yl00 lot. Nevertheless they say that mauT
| OF the plans are AT improvement on the exist.
! ing tenement-houscs Of New York, not exclud-
ing in this comparison those most recently
built.
Mr. FuRsT's PLAN
was for three tenements On floor, every room
having direct light and air either from the street
or from courts. The courts are large: one at
the side 9x45 feet, and the rear court is 1ax25.
The entrance to the building is through q vault.
ed passage leading to a court from which the
stairways rise. The front tepements have an
exclusive stnlrB3g. The advantages OF this
plan are the saving Of room aud the greater stza
OF the courts by the substitution Of the vaulted
trance, and the direct light and air it gives tha
occupant. TIE latter result was not achieved
by one OF the other competitors.
The Peabody Fund, Of London, has now in~
vested in lands and buildings in London about
S2,500,000. This represents q 500 dwellings for
families with a Hnr1I3nfitn Nf ohopt q f11 Tbo
average rent Of one room is 62 cents week, tho
lowest being in ShadWel1 at so cents, and tho
highest in Biackfriar's Road. Stamford street,
aud Pimlico ut IS cents week. The average
cost Of two ROOMS is about 81 week, and OF
three rooms abou: S1.25, The average rent Of
euch tenement or famity-dwelling is si.O6a
week. These buildings pay net profit over all
expenses Of 8 per cent.
EXCESSIVE TAXATION.
THE tribune has frequently called attention
to the tax-eatmg villains who manage to 3lect
themselves to office in the Town OF Lake. Na
man without O substantial income from other
sources can afford to own property in that town.
Every half-dozen years they tax the Life out OF
all values. and ia many cases man must pay
for his property twice or loose it. In the CON-
is in the Town Of Lake. The author, one Of our
real estate dealers, heads his article death
and Taxes" and ssys:
TO the Editor Of The Tribune.
CHICAGO, March S.-There Is IA oto saying that
there is nothing sure but dc.th and taxes We
poor devils who are go unfortunate as 70 own Chi
cago real estate beginning to feel that OF tha
two evils wc prefer the former. have peen 1ook-
the taxes and incomes Of Chicago property, a1d
have found some facts which may not be generally
known and which think ought to be understood
tnancisI. called ta5i1g the art OF pinchins tn
eoo7 o7e,~ithqat making her cry.". We Chicago t.s-
paying gesss have been, and are new being.
loud ii taxes are not reduced. In the last five OF
sig years our money Tor the representative Of valas
called money!, the profit on soo!s sold or mann.
t2cIureu. rents, wages. and incomes Of al
kinds have been reduced 50 per ceut
put our taxes are as hi2n Is ever There
is ,sE Nc 9.cts sh[nkage in them viii stas
years ago loan agent that represent indirectly,
loaned ABOUT s. 600 on forty acres in Sec II, 7.
m oaa af3e6 IL we we7e re-
,rued taxes, which then amounted 10 So, zoo; last
Ecar we were obliged to fotec!ose this property,
Ind found taxes accrued to the amount Of fau
$, 600 more; in short, where we made : loan of
-, 900 seven years ago. We were obliged TO payia
addition to the original 1oan
FULL S6, 600 n TAXES
n order to zaye m the title. This property Is worth
I. 000 per year. collect rents and pay taxes on
he following property which I here note asa
ample Of the proportion Of the tax to the income:
Sorth y Of Sub Lot lof Lots, Block IL fractional
ec. Is, T. 49, R. IL upon which there is two-storJ
tamc house, now rents FOR Sl+4. and is taxed
ILL. 20 per year. leaving balance to the landlord
# about $50. How ia that for enod p.odncuve
property? Sub-Lot i, Block 4., Canal Trustees
ubdlvislop. Sec 11, Town 50, Range II, npou
ahsch there is 2-story and basement house. now
ents fol S3oo per year, and the tag is Syi. South
wenty feet Of Lot OF Myrick's Second Addition
0 Ghica.o, upon which there IL 2-stoEy md oase
lent brtcs house, rents fur $3.50 per year, and tho
II il SG3 per year. take these pieces Of prp-
rty from different parts Of the city, with different
inds OF improvements, and yon will find that the
reFage IS tnat tue taxes amount 20 full ont-thlrd
le net income. also looked up all the taxed On.
II the lots fronting on tne street for one BLOCK,
nd estimated the total amount that the buildings
onld rent for, and found the same average result.
my estimate Ut the animal income in rents
educt per cent commission for collecting, 10 per
mt for rents not collected, and 10 per cent for
pairs.
l think I eau prove to the satisfaction OF any
eraon who will take the trouble to investigate the
after With me, taat the average tar on Chicago
al estate, improved, is full
oNE-rH1RD OF THE NET INCOME
erefrom. II tnat Is fact, will here venturo
e assertion that there never was 4 community Or
sope taxed to such IN e1tent in the history OF
C world. Why, the old feuda1 dues which
onarchs had the power to exact were small IN
mpar;son- The trouble is. i've OF six years aso,
c income from productive Chicago property "as
'uble what it is now, and the taxes are the same;
le has shsunk and the other has not. The whos
stem BY which our taxes are assessed and collect