Year: 1868

4 From the Real Estate Record


Pending the Presidential election it would not have
been proper fora purely business Journal like the Real
Estate Record to have sad ANYTHING that could have
been used for partisan etrct bnt now that Gen. Grant
is beyond all peradyent,re, be next President,
there be impropriey in our specuating as to


the future of the real market due to that
i event.


l In the first place it must be noticed that the hard
money party has triumphed in the election Of Gen.
Grant return to specie payments is we think, in-
lfpitable before his term of Office expires Senator
Sumner, who is power in the party predicts specie
payments by the next 4h Of July, hut this is hardly
possible. The fai gold, however, shows that Wax
street has faith in the present paper imitation.


Then again. r is clear that the election also settles
the question to the payment of the United States
bonds in gold Nor will there be any attempt to tax
these bonds


Now, what will be the obvious effect of these two
! significant facts, viz: the payment of the bonds in
gold when due, and early return specie payment


In the first place, it is evident that Government
bonds viii at once become the most favorite invest
ment in the country Their security, the fact that
they must advance in value, and the very high rate OF
i interest they will bear for many years to come, viii
cause competitor for them which will take money out
of nearly every productive enterprise This tendency
with gold constantly falling will for time, make gem
eral business not only dull but there will be financial
panics the first and most serious of which will be ia
stock market The past seven years has beer steady
advance in real estate, which is double the price, at
least in this city, what it at that time The next
four years will see considerable part of this advance
lost We shall have money parrS as the shrinkage of
values goes ou there viii be forced sales OF real
tate and lower prices ali around IL short, the
ket, from this time FORTH will bear one-the buyers
will have the advantage.


These speculatiens the future are not of cheer
full character and there will be plenty of sangune gem
temen to dispute them, especially if in addition to be-
Ing hopeful they have large amount of property to
sell at high prices but the future will tell its story


The auction season is nearly in real estate fog
this year. The business done has not been very large
by this agency but good deal of property has changed
hands ina private way, the transfer books at the
Registers Office show.


Next sprag there is every to believe, there
will be business done in real estate, and
unless all signs fail at lower rates than have been ob
taned for the past olr years Of there will be
exceptional locations where prices will go up; the
upper part of the island, for instance along the
route OF projected steam railways; but side property
will be much cheaper than it has been. The lowering
price Of gold is onnous of what is take place in all
values


The IsntANs.-We copy as follows from the Wash
ington special dispatches of the St. Louis Republican
Of the 18th:


Col. Tappan, of the Indian Peace Commission, has
Just arrived here, and reports that all the Indians
represented by those who the Commissioners this
year, lncludng those with whom Commissioners Au-
CUR and Cuum counseled, numbering in the aopre-





gate nearly 70 600 souls at peace removing to or
already on the reservations apart for them and are
not Disappointing the expectations and hopes OF the
Commissioners. for the that our Government
the army, and the people have enabled the Commits.
sioners to fulfill in their part Of the contract
On the contrary, the kiowas Conanches Arrapa-
hoes ana Cheyehnes, numbering five or six thou
sand men, women and children upon the war path
Against them a considerable army are now operating
for the reason of on-fuifment on the part of our
Government OF treaty stipuations with these Indians


Col. Tappan says they could do no less than they
have done in selfpresersaton that their resistance
as N previous conflicts is ustiGabEe, and their
tau and that war with them, under the cireun-
stances IS wholly unnecessary and dishonorable to all
connected with It. He reports that since the meeting
ot the Commission in Chicago he has been to Ottawa
the Canadian seat Of Government and examined their
record on the admit israton of Indian affairs and its
results, which confirms his CONVICTIONS from long
residence IN the Indian country and official intercourse
with these Indians that they the easiest people in
the world to get along with and govern if Justice is
done and they subject toouf laws and protection,
as IN Canada instead OF with us where the race is
made outlaws onteasts and vagabonds the victims of
corrupt speeuations military and political combna.
tons to rob the national Treasury destroy Indians and
attain lands and power. This is, at least, what he
thinks of the Indian question.