The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-07-31
REAL ESTATE MARKET.
Good Inside Property i'm as Great
Demand as Ever.
street Widenings and Extensions-soms Rem.
resentative Sales of Real
Property.

cular:
The month of July was this year as it ALWAYS
is, dull month. The total number of sales
made was 401 Of the total value of S1.740-
O22. Lots in the suburbs on all sides ara
dull OF sale; good inside property is in as
great demand and is as high in price as
ever 1t was. The dullness Of outside lands
Is not to be wondered at, and is due to the
over-supply of such lots that were put on
the market. wholly Cutting it, in the lively
times for such property eighteen months to
three years ago. 1t is therefore now per-
Iect,y natural that such lots should be
dull OF sale and depressed in price. That
good inside retail property is in excellent
request is shown by the fact that it is next
to impossible to find piece of such prop
erty Tor sale. Wholesale business property
is dull Of sale. and will continue to be so
until we have an opposition railroad.
Rents OF such property are by no means ad-
yancng. With the beginning of work on
the Nicaragua canal and an opposition rail-
road real estate here would receive legitI-
mate impulse such az it has not known since
the days Of the first gold excitement. The
question now Is not should we build another
railroad, but is that we must build it il we
are 10 get back our lost wholesale trade and
give the State anything like fair chance of
DEVELOPMENT
Money is in almost superintendent sup
ply at the savings banks. Seven per cent
Is the ruling rate, but one very choice loan
Oh S25o000 one OF 100000 and one of SO, 600
that we know of were granted at 6h per
cent, the banks paying the mortgage tax
doubtless, too, many other such loans were
placed, the particulars of which are not
known TO US. While there has been no ac-
tual or general reduction of interest rates.
Tue tendency is downward The demand
Tor money from city borrowers Is fair but
there is only a small demand from the coun-
try. The total number of city real estate
mortgages recorded last InOnta was 1863 of
the aggregate value Of S1,225, 94S; the num-
Der OF releases OF mortgages was 216 Of
the value of S712,411.
THE BADEN COLD STORAGE COMPANY.
The Baden Cattle-yard and Cold Storage
Company has purchased (the sale having
been closed last week.. The price paid was
Sl25, 600 10 Mr.. A. ID. Harrison of the firm of
Cation, Bell " Co. for the one-story very
solid brick warehouse aud lot on the north
west corner OF Sixth and Townsend streets
i3I % leet front on Townsend by 275 feet in
depth on Sixth street. The TOwnsend-street
front faces the railroad tracks. This COM
pany has also leased the opposite north east
corner of Sixth and Townsend streets, 275
on Townsend by 1877 IS on Sixth, covered by
a one-Story brick warehouse, for a term of
~ 1Oh-os ITO Will place III tU6S 50
properties all Its meats, supplies and cold
storage apparatus. which, with the reces-
sary machinery, Will cost at least $50, 900.
HOW TO GET CLEAN CITY GOVERNMENT.
The readers of The Circular and of the
daily papers must frequently be utterly
weary of the amending story of municipal
disagreement under rascaIly bosses OF
both parties, and their equally dishonest,
incompetent and unblushlng tools. 1t is q
story which, in all of its features and ram
LEGATIONS, Is one Only of corruption, ras-
cality and crime. 1t is of course impossible
to speak OF all this but with the strongest
condemnation, nor to cease exposing it. be-
cause there Is some hope from exposure of
reform. Speaking for ourselves. we must
say we are frequently very sick of writing
about and exposing municipal rottenness.
And we think, in any event, that exposure
has been so full and thorough that it has ac-
eomplished the most that can reasonably be
expected of IL. With full knowledge of the
utterly disgraceful way in which the city Is
governed, and its funds misused, there
should come woTk-active, intelligent and
pTactical WoTk-to drive out the rascals and
create honest city rule here. And the men
to move IN this matter are the heavy tax
payers. There IS more need and jlsttica-
ton for their taking practical hold than of
any other class. They lose most. for the
most of ths stealing is done from them, and
they are the most influential class in the
community. Ii is, therefore. at once
greater shame for them than for any other
class that they tolerate such rascality, allow
the city to be disgraced and an imputaiion
put on their courage that justities the charge
OF eowardice. We, therefore, call on these
large property Owners. before the next
municipal election. to meet aud nominate a
list OF city officers, entirely, of course, with
outreference 10 politics-hOnesty and ability
10 be the only tests. Such a body of say 80
men would command the respect OF all
plnSSns NOminafinn
orally made up Of heelers aud rascas who
pay tax and tribute to nothing but their
liQnor-thlrsty tbToats and their other and
worse vices. People would believe in
ticket nominated by large taxpayers, not
because they are the repositories of more
than the average virtues. but simply be-
cause II is to their interest, and they would
make money by selecting none but good
officers. Such convention should relig-
iously blackball any and every man who
sought nomination. This would elimi-
nate and keep outside the pale of nomina-
ton aud chance of election of the office
seeker, who in eight cases out of &c Is
likewise an ofiice-buyer. What then is to
prevent 30 large property-owners from get
ting together before next city election and
nominating clean. frst-class ticket? We
here take the liberty of naming a few of
the men who should thus serve: AIexan-
der Boyd, John nightingale, Robert Sher-
wood, joseph A. Donohoe, George L.
Marye. +. f. Preston, Claus Spreckels, r.
J. Tobin. Lowell White. l.: Gottig. David
Farquharson. James ID. Phelan, George
Whittell. J. ii. Josselyn, Thomas Jen-
nngs. Bartlett Doe. A. p Hotaling. Robert
Watt, NJ. p. Jones, Horace Davis, j. v
Coleman, John Il. Doyle, Simeon Wenban,
Adam Grant, Levi Strauss. Louis Gerstle,
Judge Boalt. NJ. A. or j. V. de Laveaga,
rill. Captain W. II. Taylor, Irving NJ.
Scott. Henry Coweils, A. ID. Moore. Ii.
Deming. These are the only large prop
erty-owners who this moment are in our
memory. There are. OF course, many
equally suitable. or course. these
vention, would have to avoid the
nominations of both parties as they would
poison, for the managers of both are unfOr-
tunately equally corrupt and utterly unreli-
able. Occasionally good men appear in the
party conventions, but they are put there
only to give an appearance of respe liability
to them. They always find themselves to
be ciphers, without power or influence, and
are therefore always made to feel that they
were fools and simpletons in thus allowing
themselves to be made catspaws. As a
rule. as we all know, nominating conyen-
tions of both parties are made up of about
an equal mixture of dead-broke beats,
Ioafers, heelers and shouder-strikers
we get our Legislators and city gov
eminent from them, and whether Buckley
and Ralney, misrepresenting Democrats, or
Crimmins and Kelly, equally msrepresent-
ing Republicans, marshal and pull the
strings of these rascally puppets, does not
make hairsbreadth of difference. City dis
grace and plumber, judicial, official and all
other corruption is the only outcome of such
rule. Ii 80 of our largest property-owners
get together and nominate ticket for the
next city election it will be elected beyond
all peradventure; but If there is not enough
public spirit in and a desire on the part of
rich men to protect themselves, why then
we should be robbed and our present city
government is quite good enough for us.
Manhattan Island was once sold by the
Indians to the Dutch for S24. Since then
property mas been sold in New York CITY as
high as 81 30 square inch.
STREET wIDENINGS AND EXTENSIONS,
In all cases OF street widenings and street