, 1879-02-16
ZEAL ESTATE.
A Street-Railway Track to Brighton
Neaded-Taxation in Lake.
4 Good Investment, and Cool Exam
pie for Imitation.

! When owners are firm ard have an aptdln9
faith that prices must hcnceforth increase, ant
BUYERS will not yield to the views Of holders
| transactions must he Limited This Is IN feH
words the exact condition Of the real estate
market. Good bargains are what the buyer:
are watching for and what they occasionally
! find Speculative purchasers, however, have a
| ret been rare; but purchasers for occupancy OF
use are reported from day to day.
! RENTS
] are firmer, and good deal OF inquiry Is made
especially for good but pa1atively lo"-pr1ced
! tenemeuts. There are really very few empty
buildings in the market. The great surplus
three or four years ago is nearly filled up
BUILDING PROJECTS.
The near comrletiou of the Government
Building Is attracting the attention OF property
! owners on Adams,' Jackson, and Dearborn
street 5outh~of Monroe to the improvement Of
their property. Much of it left vacant by
the two great fires Of 1S71'4 will now, it is
thought, command gooi class Of tenants il
improved with buildings suitable for suostan-
tial business. It is mainly in the hands OF
wealthy capitalists who are thinking seriously
of covering their property with first-class I'M
proyements while it can be done at the low
prices now ruling for labor aud building ma
tcrjal5. ~;
EXTEND TIE HORSE RAILWAY.
It is matter OF wonder to residents and prop
erty-owners abou; and west of Brighton that the
managers OF the South Side horse-railWav do
not extend its track on Archer avenue from the
Rollng-Mills to Brighton. There Is now large
population in that section, and it would increase
immensely ln the coming season If 1t was Known
that facilities would be furnished by the railway
to reach the city. If the managers would spend
half day riding about our southwestern sub
ur0 they would see at Gnce the importance OF
adding mile, it necessary, to their track in that
direction
TAXING AWAY VALUES.
The Indianapolis journal says:
Tho County of Marion is in debt about 81, 0Oo,-
ooo the CITY Of indianapolis in deht 81, 500 ooo
making for comfy and city 81, 500. C00-
There are hundreds OF prope1ty- owners who are
want Of MONEY Or % to Day the taIes " There are hun
drcds of buildings in the city to-day that not
renting for enough to pay the taxes upon them
under the present iuiquit0ns appratsement-
This is precisely the condition into which the
villainous ring OF ofliceholdefs in the Town OF
Lake have gotten that important suburb They
have saddled the town with an immense debt,
and most Of the money which 1t represents has
been stolen By these remorseless rascals. An
effort Is making to punish some Of them or
make them dIsgorge, but they have doubtless
1iched enough money from the suffering
taxpagers "to levy oot the law'' and 90 scot
free. Something must be done by the honest
est, competent men in official position, or no
one will be willing to own property there, and
ccrtain1y no one can afford to make any i'm
provements. Farming lands are taxed half q
dozen times every year more than they can be
rented for, and since the fire the sums paid, if
paid at ali are more than the lands are worth.
How long can the people of Lake expect their
town to prosper while they suffer such un-
mitigated rascals to tax the values out Of their
The thing can and must be stopped. !
BUILDING PERMITS.
Twenty-Five building permits were issued
during the past week. One was taken to erect |
a tive-story stone-fronr store on the lot on Wa
bash avenue opposite to Field G Letters. The |
building will be eighty feet front and cost 64O,-
00O.
Permits we're also issued to Samuel johnson
for two-story dwelling on Wells, near White
street; to Henry ScholtEe for two-story dwell
ing at 252 Hastings; to John Bevin for two
story building at 112 Third avenue; to the Rev.
Dr. McMuIfen, three-story schoot-house corner
Of Chicago avenue and Cass street; Bohemian /
SavonIc Benevolent Society and three Bohemian
gentlemen, as MANY two-story houses on West
Seventeenth and Eighteenth streets, near May.
LOANS.
The loan market is decidedly dull. Rates are
7@10 per cent. with perhaps q few transactions |
It ), and vcry few at ~.
Following is 4 comparative statement Of the
oans for the past two weeks: