The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1901-03-21
SPEAKING about property depre

VIC dttSutiOu VI oui ICduSiS " tiC
property No. S25 Market street 1t
was owned by Mr.. Weller and then
his widow for 40 odd years. 1t has
front Of 19 feet 6 inches on Mar
ket and Shipley streets and is III
feet deep with three story buildings
on each street. This property sold
Tor $l3 800 less than months ago.
Mrs. Wood was offered $50, 900 for
1t some 10 years ago. but refused
1t. The property was put up at
public sale. but only bid up to
$4,000. Take tn. old George H.
Mccall property on Market street,
the first and cond doors from Sec
ond Oh the west side. These two
properties have been rented Tor
stores Tor the last 50 years. The
former owner, when living carried
on the merchant tailoring business
in one Of the stores for years. He
was offered $50, 600 for tie two
properties, but refused it because
the properties were then well rent.
ed and bringing him in good reve-
nue., To-day they can be bought
Tor hall that sum, Tie times are
better to-day than when the so, 600
offer was made, but real estate in
Wilmington has deprecated. Take
the old James & Webb building at
No pa Market street; it has
front OF some 2otect and runs back
to the l0-foot alley in the rear. This
building had so, 900 morte age on
It at one time. Ii It brought ST., 900
to-day it would be considered big
price. Then there is the building
occupied by the Speakman Supply
Company, No. lis Market street.
This building was erected some 20
years ago by David Lemon and
cost him nearly $50, 600. 1t stood
idle Tor several years, alter being
purchased by the late VIM. Bright.
To-day it would not bring one.hall
what It cost. Then there is the
building No. 9 East Fourth street,
which is owned by the BiumenthaI
Morocco Company, which stands
that Company over $1,000. 1t Is
held by them at $4,000, The best
bid they have been able 10 ret is
$4,000 These builIinps hase all
been assessed IN TO the ton Notch,
The tax rate has been raised con-
tinuously for the last 20 years and
property has deprecated nearly
one.hali. Their rental values are
e-third less than ten wears AFRO.
We do not see how real estate can
bear all of thc burleDs that are
put UPON it ana some other means
Of raising revenue will have to be
resorte4 to bv our city fathers.
Keep down the tax rate,
,ho vi, roa,rdirr ,ha Ins, y" 49, "
Comnonios ioinm 1rsiness in me
Stats Thc hiil was mnoL ore a,d
met with the ,nnroyaI If evory Ara
;rsur,n.o ,rant -, ,I,, ,;,r d.,
,hsrc wnre intsrr.,. frht,nr ,hn
b;ll who tr;e6 tn Ial.ae II Iarar,
10th Unnses ana Tn,Iinr =, NV
1hev tbe,, re,;ad imam thoi,. ;nnranna
viii tba cn,arror ~ I.ao, hC,,, S,.rn,
wan '"e uo'c' no' ~ Nee MN '''ni
s mug ','e U II .n ,.', , ne'I I''''H 1t
Law Il would h,rc hro,nh+ snr
rral thousand Io1iors n1l,,inror.
rcre,ns a. tho stotr Gnrh I,,".
'e'en"e 70 'ne N'', We, @"eH laws
ic Heeueu ny dh, N'a'e that mas
INC Sooo Oh tnC p@op'e IL neari'
nc l" t a I C" u, 'SH'on~I 'o"@Ht
nav .of 'ne va against great
and now he is to be held I'D Uv the
Governor, which j. not right, and,
in fact, has a suspicious look, Who
is responsible iol Influencing the
Governor in holding up the ill.