Savannah morning news. [volume] (Savannah) 1868-1887, 1886-04-11
NEW WORCESTERSHIRE
THE Upward LEAP ALMOST
STRPA~sES BELIEF.

cal Romance of Rustic New Hamp
shire Lad-The Composer of The
Jolly Bachelors"
NEW YORK, April 9.-If real estate il
Gotham continues to increase in value a
the same rate during the next twenty
five years that it has during the last score
and five. nearly every large holder Will
md his property quadfupied ia Ya'ue'
The upward leap in recent years almost
surpasses belief. Twelve years ago
stable on Mercer street, between Ho"7l'-
and Blocker streets, was sold ior S-5'''''
On long time. six weeks ago the present
pwner refused $500, 900 for it. Property
on the northwest corner OF Liberty
and Nassau streets was bought SIX years
ago for $50, 900, 100000 being left on bond
and mortgage. A year ago the owner refus-
ed s475.OO0 for it. 1t faces the new Mutual
Life Insurance building, erected on the
site OF the old Dutch church since the
purchase was made. The sun publishing
association paid $4,000 TOR the property
which il now occupies. Six years later
Whitelaw Reid determined TO build the
present Tribune building In order
20 secure, il possible. a frontage
Of a whole block he offered to buy
the Sun property for $500000. MI Eng
land, the late publisher of the sam, wanted
20 accept the offer, but Mr.. Dana per-
suaded him not 10. To-day the SIN prop
erty would bring nearly a million.
French's old hotel, 30 feet from the Sun
Office, still further illustrates the rise in
the value of real estate. Four years ago
ii was leased for SIS, 600 a year, including
furniture. 1t now commands $1,000 a
week, without the furniture. The prop
erty was sold by auction not long
sgO for $4,000 Two years ago
Judge Hilton refused Sl,000000 tor A. T..
Stewards old wholesale store fronting the
CITY Hall park. He put two extra stories
on it and now holds il at $1,000, 900. The
Stewart retail store near Grace church
paws a ground rent Of $4,000 a year.
Within twenty years under the lease the
entire property Will be turned over to the
Sailors Snug Harbor. he famous mold
ings Of Trinity church would sell
to-day for four times as much as they
would have brought ten years ago. The
real estate OF this soul-saving institution
is estimated to be worth $3.50, coo. 600. Had
ii retained the property it sold during the
progress of the suits OF the ALLEGED heirs,
to the estate from which it originally in
herited the property its possessions would
be worth $3.50, 100000. A considerable
portion OF its property, is under long
leases, which are Just beginning to eX-
buildings will be erected, and be let to
men of means for business purposes.
Where the leases prevent the erection
Of such edifices brick stores Of two
and three stories will be built. The in
tenuOn is to make these stores pay eX-
penses and a fair rate of interest until
the lapse of long leases nearby gives an
opportunity for permanent improvement.
Thus butcher shops are rapidly taking
the places OF private residences, to give
way in their turn TO ten-stOry buildings
In the future. Five years ago the tenants
of the corporation numbered thousands
Ten years from now they will number
only as many hundreds, but these hun
dreds will pay sums ranging from S10,00(
TO 100000 a year. The commissions tC
agents Will be much less and the trouble
In collections avoided. While decreasing
its expenses enormously, the vestry will
thus quadruple its receipts.
FORTUNES IN STABLES.
Few people realize the fact that mil
lions Of dollars are invested in stables and
their contents by wealthy New I0rkers-
the estimate, of course, absolutely ignoring
as unworthy of mention the investments
required 10 keep up private turnouts OF
an unpretentiOus nature, livery stables
and cOnveyances used for public and
business purposes. One Of the finest OF
the tOploity private stables is that o.
Pierre Lorillard on East FOrtieth street
His stalls always contain from t.
10 costly thorough breds. In the carriage
house on the first aud second floors are
carriages OF almost every description
and in another room is break for train,
ing horses and Mr.. Lorillard's fourth
land coach. The harness room contains
eight saddles and ten sets of harness,
hung up in perfect order. and glass case
full OF bits and chains, the steel OF which
shines like pure silver from repeated
scourngs. In the third story the coach
man who has been in Mr.. Lorillard's en-
ploy for years and his family have THEN
hired to assist the cOachman
in the care of the stables
Everything is plain and substantially
built OF solid wood. Mr.. Lorillard keeps
all his thOrOughbTeds at his Rancocas
farm in New Jersey, where there arc
about 800 horses and 100 men. The vii
liam II. Vanderbilt horse palace-it can
not be called stable-stands at the cor
ner Of Madison avenue and kifty-secOnt
street. The building is high and roomy
and its pressed brick facade. trimmed
with light stone, surmOuuted by Man
Bard root, makes II an imposing structure
The value OF the laud, buildings, horses
and carriages is about $4,000. Corne
lius Nanderbilts stable is even finer thar
that which was his fathers. There are
now eight horses in the stable, and four
groUms are employed TO look after them
The famous Bonner stable is at Nos.
and II West nfty-tlnh street. next to Or
John HalPs church. 1t Is not the building
50 much that is the attraction as the fact
that 5000 worth OF horse flesh
Is sheltered by its walls. Frank
Works stable IL probably the most mag
nihcent in the city There arenumerOus
other establishments ian the city OF 81 n
liar nature which are almost as magnif
icent as those already mentioned. The
cost Of keeping them up is simply enor
NOUS. The stables with their contents
each represent from 100000 TO 100000
The interest on the investment losses bl
death Of horses. old age and wear
ing out Of vehicles aud harness
must amount 10 from $4,000 I,
$4,000 a year. Then it costs al least s A.
RmOnth per head to feed the stock. VIII
fifteen horses that tOOts up over $1,000
year. A coachman gels 500 a month, o.
more, and his rent, coal and gas. Hi
assistants get from $50 10 $50 each ant
lodgings. That will foot up $4,000 more
year. The blacksmith gets 81 a month TO
each horse; that is nearly $1,000 more
besides the cost OF repairs to harness car
riages, blankets. robes. ETC., which NAV b
put at 1000 more. Taken on the whole
these men pay for their luxury from $40
900 20 100000 a year spent on their stab as
outside of their investment Of over $3.50
900.
HOW SOCIETY KEEPS LENT IN GOTHAM