, 1881-01-30

| The aeqrerate Of the loans flied for record this
| week Is again swelied beyond tho nominal pro"
portions By railroad mortgage, that OF the
| Grand Trunk Junction Railroad for $35o00o on
all its property due in 1911 at per cent interest.
! There were hfty-two mortgages made covering
loana for S1,81f.779 and Ill trust deeds covering
| S25s,072, or total Of 1853 transactions, loane
amounting to s2,0722,a5l-
The owners Of less than per cent Of the 30 000
feet OF
MICHIGAN AVENUE FRONTAGE
assessed for the boulevard improvement make
| objection to tile assessment. The boulevard
will make rapid progress this year from Park
place south. North OF Park place there are
special difficulties about the assessment which
| will necessitate some delay. The money to be
spent will make thorough change. Stone side
walks, sidewalk grass-plats, trees, lampposts
curbs and the roadway are all to be made uni
form aud first class. When this beautiful ay-
enue is completed, the South Side will have finer
parks. and easier access to them than any other
community In the country.
The West Park Board have adopted without
amendment the proposed ordinance tor the I'M
provement OF
WEST WASHINGTON STREET,
from Halsted to Central Park. It was ordered
that the property-owners Along the line of pro-
posed improvement De notified to attend the
consultation as to cost; and it was further ar
ranged that the Board members should hold an
informal meeting among. g.theuselves alone Mon
day to talk the matter over
Commissioner Waller states that he will 70 be-
fore the Council Finance Committee to oppose
large part OF
TIE STREET IMPROVEMENTS
ordered by the Council He says thai the ordi-
nan ces have been passed in omnibus form. No
49,
going to cost, while the city's share, on portion
only, will be over 500 600 for the intersections
and crossings. He snys that this amount should
be reduced more than a half. Many OF these
Streets can go over until anotner year. To have
them ali done this year will be an imposition
upon the people and taxpayers, because prices
will be raised. and contractors will Of necessity
neglect portion OF the work In order to get
through The city cannot possibly spare $4aQ,-
000 this year for street Improvements.
The Committee on Streets and Alleys, South,
have decided to postpone for one year the i'm
proving OF Twenty-sixth street west OF State,
and Wentworth avenue from Tweuty-seeond
street to Archer avenue. delegation Of prop
erty-owners have protested against the i'm
proveruents.
vladucts and bridges cost the city $4,000 last
year
The Stock-Yard people are represented by
Af. john u. sherman 10 De ready 10 contr1DQ1e
$l5o, 900 tor the erection OF
CANAL PuApNG-WoRKs
to be placed at the city limits, at Thirty-ntnth
street and the South Fork, parties are ready to
contribute the land for the purpose. Mr. 6her-
man would like to see drainage bill passed. 30
that the Towns Of Hyde Park, Cicero, Lake
View, and other suburbs benefited by the I'M
provement might assist In paying for the work
by taxation. He regards this method as the only
practical and feasible one by which Chicago can
get rid altogether Of the Stock-Yards stlnks,
much OF which comes from that pestiferous
hole known as the South Fork. The plan is that
the Stock Yards shall contribute s15o.0oo, the
City OF Chicago S152,ooo, and the State $4,000.
Tho rights and duties Of property owners
IN GRovELASD PARK
have been subject OF litigation In the Circuit
Court The PARK WIS laid out by ySenatorStephen
A. Douglas ia 1858, and dedicated by him as
private park to the use Of the owners Ut lots
fronting On the same, and to be used and en-
toyed BY such owners in common as a private
park, and for no other purpose; to b. ornn-
mented, regulated, and protected in such man
ner as a majority Of such owners should from
time to time prescribe, each owner to share In
the expense In proportion to the number Of feet
he may own. For some past the park has been
kept In repairs by majority Of the owners Of
the fronting property. who have formed an as
sociahon for the purpose OF 30 doing. The as
6ocfauon levied an assessment against the Indf-
Vfdual lot owners for the improvement OF from
80 cents to 81 per foot Some of the assessments
so levied remain unpaid for. the years ls15-8'T-
's-'9. Some Of the present owners OF the prop
erty declare they will not pay the assessment,
and a suit WIS accordingly brought in court to
ASCERTAIN II they could be compelled to pay the
or If the property could be held I
liable for the It the decision OF Judge
Tuley that the holders of the property could be
holden for the assessment. |
DocKAGE.
Ib the Editor Of The Chicago TRIBUNE. ]
CHICAGO, Jan. 28.-You stated last Sunday |
that there is no more dock property for sale or |
to rent on the South Branch or On the North |
Branch this side Of Chicago avenue. There Is |
some very fine dock property between Chicago |
arenue and Fullerton avenue belonging to the |
Chicago. Milwaukee & St. Paul Railroad Com
pany. and Chicago & Northwestern Railroad AMI /
other parties, and understand that these rail /
roads are about to improve this section on as !
srand scale as the South Branch for lumber /
yards and manufacturing purposes: and, ae these
locks will be oven nearer to the business centre
han those on the South Branch south Of Twen-
y-second street, IL would appear as it there was
! way now to supply the great scarcity Of dock +
property at least for q few years until all this
Worth BEauch property Is occupied.
E.T. JONES.
OF SAN FEAECIsCO,
complains that the moment there is SO much as |
whisper of inquiry, that very Instant do would |
'e sellers advance their figures However, TINT
3 their business. But do not let US have any
more grumbling and foolish statements that
property cannot be gireu away, when values
hat would readily have been accepted twelve
months ago are now peremptorily refused
here is nothing to Justify HI immediate en-
In values. and the sooner people who
esfre to sell rcaiize this fact. the better it will
e for them. Otherwise, they may f1ud, IN a
ew months, that they have stood in the way OF
7elr own interests. Buyers e1pect to yet bur-
ains, and take nothing else Persons who are
n1tons. TO dispose of their possessions must
leet the market. Business during the week has |
cen tolerably good. Tbs demand continues
eady. though sales are not large.
- VIII there be q reai-estate boom7" IS the | =.
1esdon raised by the Graphic. IT notes great