, 1881-03-13

cent. One case Is known III which a furnf
ture firm which lust year paid $4,000, wa!
and after casting about and finding no othe
building available, was compelled to accedt
to the terms. In another instance, a whole
sale firm in State street. whose rent has beer
$3.50. will nay $500 the. coming year
Agents. as we'll as renters and owners, con
slider this a genuine rise III rents, not an Ell
gineered case. and it may be stated that the
business prosperity and growing. activity il
every branch OF industry Is 1uf1nef warrant
for the advance"
The building now occupied BY Schlesinge,
& Mayer, corner Madison and Peoria streets
has been leased to P. F. Ryan & Co., dealers
In dry goods.
|. TAXATION OF CHURCH REAL ESTATE.
For years past the city, has lost:a large
amountin in taxes owing to the exemption from
taxation Of property-suci as parsonages
outside lots, md even acres-oelongng to
churches. The omission of this property
from the assessment is clearly illegal. and
Controller Gurney is having "a l'st OF It made,
aware Of the facts this year. T this kind Of
property is assessed as it should be, the city s
income will be increased fully S15, 900 q year.
The improvement Committee Of the West
Park Board at the last meeting of the Board
reported in relation to the erection Of gates
| or other protection for teams passing along
CENTRAL BOULEVARD,
that conference was held with the officers
Of the Milwaukee l. St. Paul Railway Com
pany, and the officers are averse to any ex-
| pense for the erection OF gates. The Com
| nittee recommend that q Eladuct be asked
| for If it was deemed best at this time.
| Remonstrances have been put in circuIa-
ton against the majority report Of the Coun-
! ell Committee oil Railroads IN favor ot adopt
ing cobb'e-stone payements in Chicago streets
| which is made the special order for business
| on Monday night. All persons opposed to
! cobble-stone pavemcnts on residence streets
are invited to. call at once at the Office Of
Enos Ayres, Esq. Room II Reaper Black, 95
! Clark street, and sign remollstrances left
! there for signatures.
| The Sonth Division Committee on Streets
and Alleys have again deferred action On the
VACATION OF LA SALE STREET,
on account of the failure Of the parties inter-
| ested to agree rs to the whitening OF Pacific
avenue and Sherman streets, the rededication
of the street In case the ground is not used
J by the Board ut Trade, and other matters.
! It is expected there will be Il meeting, aud it
is hoped all agreement OH these sub jects, this
| week. ....
! -. NEW YORK, LIKE CHICAGO.
has not houses enough for its people The
| New York Herald says that one callse of the
| advance of rents i'll New York Is that there
are not enough houses on Manhattan island.
| and that the majority Of property-Owners
| OF the idea that only rich pcop!e are to live
there III the future. At present prices Of lot;
| slightly and comfortable houses might be
! erected III many respectable portions Of the
| upper wards which at from $500 to $500 II
year would pay a good return On the money
| invested; but almost every builder uptown
prefers to put lid houses for which lie must
| charge from 200 to $l,5N, and run the risk
| OF having them unoccupled for 4 year or
| on the cost of projected houses will suve
! money by driving ABOUT the built-np districts
near Central Park, and noticing now all
sulall houses not Of the clal-trap variety are
occupied, while many elegant mansions in
the same neighhorhood have been empty
ever since they were built.
IN SAN FRANCISCO,
the Bulletin says the market is character
ICED by fair inquiry, with moderate trans-
actions. The weather has been unusually
tine for viewing properties. and intending
purchasers are taking advantage Of the OPP
portunty to extend the area Ut their U5ssr~
vatiOns before deciding upon any particular
location. Although the building season has
not yet fairly set i'll, there are numbers of
blocks and single dwellings in process Of con-
mechanical labor. and leaving but few good
W0rkinen out of regular employment.
CHEAP CITY TRANSIT.
: 10 the Editor Of The thteaqo Tribune.
CHICAGO, March l2-Ihe citizens Of Chi
E GaEo will be glad + to learn + tlrougll TnE
; Company is soon to put on a:line Of their
coaches in this city. The vehicle by Il new
and ingenious mode Of construction affords
one Of the easiest and best means Of transit
yet offered to the public. Eight passengers,
the fare is cents-slx tickets for quarter
Of a dollar. One horse is all that is needed,
and when filled the carriage speeds right on,
TIL some OF the passengers wish to leave.
where it las met with great success. The
Leader speaks of its Introduction at Cleye-
land with enthusiasm, and its advent in Chi
cago will also be hailed with equal pleasure.
y. y
GOOD ADVICE FOR SMALL INVESTORS.
To the Editor Of The Chicago Tribune.
CHICAGO, March E.-We are tt0w, as be-
lleve, entering upon another period OF good
wages tor workngincis and trades,lic1l, and
Of a contagious desire on their part to buy
real estate, because it is advancing Ill price,
and they have spare money.
From long experience aud a desire to see
workingnleh prosper, feel both able anu
disposed to advise them Il little in this coli
Eood from it they also Il re welcome.
III 1S72-a period similar to tho better
times we think now ut iand-all working
classes made money, and many saved uD''
considerable sums. Must Of the money so
saved was used IN one Of two ways,-1c,,
posted in savings banks or invested in real |
estate. Both deposits and Investments
turned out badly, anu manly reso! !vett they !
would never deposit III savings banks or buy I
real estate again. But these resolves are !
already beginning to be tDrgotten> and while |
| know less Of tho sayings-banll branch of |
the subject, lear Of scnres vi workings nlrll |
inNuiring again about real estate pnrcnases !
within their means. |
While Il believer in good, honest savings
banks, can but declare, rs Il fact, that THOSE
workingmen who bought real estate, even at |
the high prices flor tilem) OF 1877, realized ]
much better results than those dep,siting
their sa;ings. Yet there are thrSe important |
exceptions to this rule, alldmy i&esent rur-
p0Se is to mention them, us . warning for |
those thinking now Of buying:
l. Those who bought more than they could !
pay for, and so lost all they did pay.
This is pure speculation, and a dangerous |
Indulgence for Il labOrng man, especially It !
he has Il family. 1t you Duy 81 ,nl0 lot and !
can pay but $500 on it, and hence lose it, it is
better. to put it into 4 savings bank, even !
though you get but 10 per cent back again.
2. Those who bought g Wildcat WORTH
less, suburban property (sood only for corn
and cabbage at about $50 Der acre or IS per
lot). and paid fancy prices for it. I don't re-
fer to our established suburbs, which I have
great faith ill.,. l think, however, that from
!tl practical standpoints, even our estab-
lisiicd suburbs are better suited to tho rich,
and that they Will eventually be more largely
SO used, leaving more room for work
lngmcn nearer their work. But what
l do refer to- is the wild
S-S,x ~