The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-07-02

30 feet west Of Willard, 50xi90 III size, nas peeh
sold Tor $3.50.
The property on the northeast corner of Mason
and Washington Streets 46x91:8. with an extra
piece on Mason adjoining, % :6X6S;9, WIN I'M
provements, has been sold for $4,000
Tie southeast corner OF Castro and Twenty
third streets has been sold for $1,000; tie l0I Is
26;6 on Castro by los on Twentythird
sea pee soth Of Green . see u g front
by 100, aud 1876 in depth, has been sold Tor
$1,000.
The property on the north side OF Pine street,
"a feeb east OF Sansome, 81 :6X90:5 IN SIZE,
has been sold for SS3, 500.
The LOT on the south side of Pine street, 1875
feet east of Buchanan, 50x137:6 In size, mas
The property on the southeast corner OF Guer-
zero and Eighteenth streets, south 9ox1oo mas
been sold for $50.
The lot on northwest corner of Hayes and Lott
s125o0.
Tie lot on the south side OF Greenwich street,
100 feet west of Fillmore, 81 :6xI2O in size, has
been sold for s. GOO.
The house aud lot on the east side Of Castro
street, between Eighteenth and Nineteenth, 25X
126 i'll size, has been sold for $3.50.
Tie property on the south side of Fourteenth
street, 1916 feet east of South Brodelick, 24:3x
12O In size, has been sold for S1400.
The property on the north side of Fell streef,
90 feet west of Cough, 27:6x12O in size, has
been sold for S77oo. The lot runs through to
rear street.
THE MORTGAGES
Recorded on city real estate in the first hall OF
1890 Ill point of number exceeded those OF Inc
last half OF 1889 by 300. but the value OF Tue
mortgages OF the hrst six months was almost eA-
actly the same as for the previous hai-yedr.
Small buyers gave many more mortgages III me
past than IN The previous SIX months and large
buyers less. The advance OF the rate OF interest
by the Hibernia Bank from to Z per cent three
weeks ago had the effect al once OF reducing the
real estate mortgage account. All of the banks
now charge per cent year for money, they OF
course paying lie mortgage tax, making tile net
rate TO borrowers about 51S per cent
II ahgTt1 In nHgha HAT I,.aa
money which 1t Is possible TO lend on San Fran
cisco real estate Is limited. The savings banks
would be willing to and lave the money 10 lend
$50 100000 or SAC, 000,O more than they now
have out here, but there is no demand for IT, Con-
sequenlly TWO of them, the German Bank and lDe
Savings Union. and some OF The smaller Dauks
also, have lent the greater portion OF thelt money
on farming and grazing lands in The Interior
The German Bank has lately also been lending
on city property IN Portland, Oregon, and IN ! IL
coma and Seattle. Rates oil Interest / 10 per
cent pei aunum better than those obtalnaDle
from city loans have thus been secured. The
Hlbenia, our largest savings bank, confines IL
self almost exclusively TO loans In the city.
Our savi ngs banks are now more Than ever IN
ellned 10 be conservative IN their loans ne
tendency to Initiation In suburban real estate
meets with no favor and no encouragement Ill
large loans.
Tie total number of releases recorded in the
last half year was 1884, of tile value OF S6,o9o,-
SG3; the total number of mortgages vas 242o,
OF The value OF So, SOY 1893.
THE TAX RATE THIS YEAR.
Tile Supervisors have fixed the total tax rate
for city purposes at 81 03 on each 500 OF as
sessed value. The State TAX rate viii be 90 TO
So cents. The total tax rate tier fore, VIII Dc
81 63 10 81 6S, agalnstSl 7212 last year. ne
last year by SO. SAB 49, The total real estate
assessment last year was S24l, l20, 40, aud the
total assessment on personal properly S64,92O,-
995. The total real estate assessment this year
Will be about S235, 27S, 600; the personal pIop-
erly assessment VIII be ABOUT sec, 20O.0 600; TO-
tai for both VIII be about 1901 AIS 900, against
The Nal assessment sos Oh.
O40 reduction of nearly $4,000, 900 III the to-
tai assessment The total amount to be raised
This year from all sources OF city taxation IS
S4,497 200.
The hall block boun ded by Folsom, Treat ave-
me, Twentieth aud Twenty first, one OF the
most slightly pieces OF land at The Mission, 30
on Folsom and Treat avenue by 245 on The cross
Streets was sold whole lately Tor $4,000
and resOld in lots at credit auction sale for
$4,000 only. Had this land been offered two
months before II would have sold for $4,000 10
$4,000 more. But Tor some time there was a
credit auction sale nearly every day, THIS over
doing quickly exhausted the demand.
TAXATION AND BUCKLEY RULE.
Our prayer now is, not for light taxes, but for
taxation that VIII coBiiscate real estate. We
have heretofore shown repeated eases OF real
estate taxation under Buckley's rule where one
quarter of the gross rents Of the highest renting
property IN The city taken Tor each years
taxes. Although claiming 10 be under dollar
limit OF taxation, toe, We last month showed that
the valuation OF large piece OF business prop
erty had been increased in ten years from $780,
OUO 10 S5E ,OOU. Thereby nearly OOuDlInk lakes
from the assessment side alone not TO speak
or the increase OF the tax rate. All other property
In that vicinity was similarly treated. We now
hope that another very heavy turn upward Will be
put upon the assessment screws SO that rate OF
taxation VIII be imposed on large and small
properties alike, that win leave 10 owners Of
property such small net profit that few will care
10 own real estate al ali. We sincerely hope,
too, that The next Board of Supervisors Will have
Il more corrupt Buckleyite 49, solid nine" that
now rODs and rules The city, We hope, too, that
Instead Of two or three Buckleylte Judges, WHO
render decisions 10 suit his clients aud at war
with Iacts and justice, all good Judges VIII be
pulled on the bench and only BucN leyites be
seated thereon. In China an unjust judge Is oc
edsiOnally hdyed alive and his skin nailed TO the
seat OF justice, which he had dlsgraced. Revers-
ing this process, We pay thar, in an election
sense, every Just Judge may be thus treated,
Buckleyite Judge placed IL his seat ana thereby
allowed 10 sit Oh his predecessor aud justice.
We long also to see Il monopoly made say OF pine
plarking, aud Buekleylte Board OF Supervisors
aud their friends enjoying The monopoly, making
the planks accepted material by the city for
street work. All OF the outrages, ana
their name In legion. perpetrated by the
masters in all OF these directions, have been
borne hei etoiore Loud complaints and heavy
swearing have been INDUCED III oven them, II Is
true but there has been no real resistance Or any
effective effort made TO throw of tile yoke.
Some OF these outrages would produce riots even
in Russia Turkey Or China, the supposed cen
trial seats of oppression anu barbarfsm. If our
tax loads were doubled, aud all other municipal
outrages greatly incTeased-ln other words. II
Buckleyism now heavy but stlll beaTable. were
brought to point Of financial back-breaaIng, a
local revolution or The organization OF a vigil
lance committee might be hoped for. We, there
fore, do not wish TO see taxes lightened, or Buck
ley giving us a little better city officials. We
pray that lie Will pile up taxes sun higher that
lie will give US yet more Iascally city officials.
and that he VIII seat in our judicial benches still
more corrupt Judges. Tie unresisting victims,
upon whose patience he has been tIeddiug aud
whose pockets lie has been emptyng, may lie
forced by greater ouIrages finally TO overthrow