986
The Real Estate Record.
October 22,1881
for sale during the coming six weeks.
There is no indication of any excitement, but
prices are firm. The countiy is full of
money ami it may be that some of it will
find its way into real estate on this island,
but we shall be able to tell better further
along in the season.
The American people have been exceed¬
ingly generous to Mrs. Garfield and her
family, and the sympathy felt has taken the
substantial form of a large money contribu¬
tion. Congress also will, no doubt, do what
is just by the wife and family of the late
President. But there is another wife of a
President to whom the United States is far
more indebted than to James A. Garfield,
who is now in this city sick and so poor as
to be unable even to employ a maid to wait
upon lier. Mrs. Abraluim Lincoln is at Mil¬
lers Hotel in Twenty-sixth street in a condi¬
tion of body, mind and purse Avliich make
her an object of comnjiseration to all v.^ho
know her circumstances. She seems to be
friendless, for the only person of distinction
who has paid her any attention is ex-Presi¬
dent Ulysses S. Grant, who called upon her
soon after he heard of her arrival. He
seems the only one who remembered her
of the thousands who eagerly soxight her
acquaintance when her husband was living.
It is not creditable to the American people
that the wife of Abraham Lincoln should
paPs her last days, poor, neglected, sick and
friendless.
The official lists of conveyances and re¬
corded mortgages do not show any inci-ease
over last week. There are no increased
transactions and the amounts involved are
about the same. The only noticeable featuie
is the lai-ger business done in the aimexed
district.
Week
N.Y
Am't.
No.
No. 23d
Am't. No
end¬
City
in¬
Nom¬
&24th
ing.
Sept.
Cons.
volved
S
inal
Wards.
volved. inal.
S
14
75
809.074
25
12
24,450
21
in
1.38J..0.02
36
16
45 938 6
28
Oct.
89
1.855,333
21
19
90,593 4
5
157
3200.444
34
15
15.400 8
12
357
2.007.448
39
21
88.289 a
10
159
1,096,607
52
18
61,000 6
Wepk Mort¬
Am't.
No.
Am't.
No. to Am"t
en d-
grac¬
in¬
Five
in¬
T. & in¬
ing.
Sept.
es.
volved, perct.
S
volved.
S
ins Cos. volved.
S
17 237 900
14
108
79'?.1.53
13
224.700
21
149
1,159,231
29
235.081
28 464.4.50
28
Oct.
117
1,070,874
29
409,100
27 502,500
5
169
1.310,983
a5
334.900
31 378 roo
12
1.52
],.531,856
28
285 611
29 549 175
19
174
1,486,930
36
334,038
30 480,250
Cross-town cars are very much needed in
the centre of the city. Above Twenty-third
street tliere are only two lines which run
from river to river, the Belt road and the
cars on One Hundred and Twenty-fifth
street. The Thirty-fourth street cars,
which now turn down Broadway, should
have a branch connecting with the East
River. Forty-second street needs a car-line,
and one would be handy further up-town.
Then there should be some way of getting
across the Park, not, indeed, by horse-cars,
but at Ninety-sixth st-eet provision should
be made for vehicles to get from the Fifth
to the Eighth avenue side, and vice-versa.
The new houses built north and west of
One Hundred and Twenty-fifth street, on
the central line of the island, are said to be
selling much more rapidly than the new
houses to the northeast of the C/entral Park.
Travelers on the west side elevated road note
many evidences of improvement on the west
side. In quite a number of locations prepa¬
rations have begun for building new struc¬
tures.
A great deal of vacant property is to be
sold be tore the close of this year. In addi¬
tion to the 1,000 lots which the City of Brook¬
lyn expects to auction off, there is the Jumel
estate on this island, and a large number of
partition and speculative sales. Tiie few
offerings made at the Exchanges give evi¬
dence for a healthy and aciive demand of
realty, both improved and unimproved. This
will be a better year to buy propertv than
next year.
Jay Gould spent two hours yesterday tiy-
ing to persuade E. D. Morgan to accept the
position of Secretary of the Treasury, which
liad been tendered him by President Arthur.
It is understood that the ex-Governor has
decided to decline the honor on account of
his feeble health and pressing private busi¬
ness. A knowledge of this fact leaked out
in the "street" and weakened prices.
Powerful influence will be brought to bear
upon Mr. Morgan to induce him to recon¬
sider his determination.
MINING INFORMATION.
Horn Silver promises well. There is at length
an accumulation of sufficient money to pay divi¬
dends for a year. It is claimed that over fifty
million dollars of ore is in sight and that every¬
thing is now ready for the manipulation of the
product of this great mine. It will be remem¬
bered that the ore is of all kinds, some of it free
milling, while a large portion is roasting ore.
There is no doubt as to the immense extent or of
the richness of the mine, the only question is as
to the possibilitv of handling the ore economic¬
ally.
The news from Chrysolite is again good. Iron
Silver also seems to be well managed and to pay
its dividend regularly. The deals in Hibernia
have been simply scandalous. The principal op¬
erator is very rich, but, if he had his deserts, he
would spend the rest of his life in prison as a
common cheat and rascal.
Again there is a promise of a new development
in the Comstock. So far no great ore body has
been discovered below the 1,600 foot level; but
all the ground down to the 3,000 foot level has
been vigorously explored. Small bodies of oro
have been frequently found, but no great bonan¬
zas. There are nearly four hundred miles of un¬
derground workings on the Comstock lode. In
no other district on the globe has so much work
been done in so short a time.
The dark lantern policy still prevails at Silver
Cliff. No report of the product of the mine is
allowed to be made public. There are vague out¬
side reports that after working in poor ore. better
ore is now being mined. There is a new superin¬
tendent, but the management of the mine so far
in New York does not inspire confidence.
ARTESIAN WELLS IN NEW YORfL.
Just at this time, when the scarcity of Croton
water is making itself felt, it is weU to remember
that we are not entirely dependent upon it for
our supply. There are a number of artesian
wells in this city that yield a supply of good
water, and there should be more of them. Good
water and plenty of it, is what our people de¬
mand and will have. The waste of water is
criminal, but the free use of it should not be in¬
terfered with. Many of our large breweries are
supplied with artesian wells, as well as some of
our hotels and Turkish bathing establishments.
Mr. Edward Clark is setting a good example to
the builders of large apartment houses by boring
an artesian well in the rear of his new mammoth
family hotel on Eighth avenue. On last Satur¬
day it had reached a depth of 365 feet, and wa
8 inches in diameter, the water coming from two
veins. He has also an artesian well in the rear
of the Van Corlear apartment house, 275 feet
deep and 7 inches in diameter, which, when it is
not in use, is a flowing well. The water in these
wells ran be used for all household purposes, and
in fact it is thought to be equal if not superior to
Croton for all uses. It is said that unless we
have a fall of rain, the supply of water in the
Fifth avenue Reservoir will be totally exhausted
within the coming three weeks.
The Groove Track Pavement Company have
petitioned the Board of Aldermen that they be
granted the right to lay down on Broadway a
complete equipment of five sets of grooved
tracks, so as to accommodate every gauge of
wheels frequenting that street, and run upon the
tracks vehicles for the transit of passengers, and
of their baggage, at a fare not exceeding five
cents, prorated with all omnibus and railroad
lines that shall desire to make such an arrange¬
ment; all other vehicles, except those kinds now
running in Broadway, being prohibited from
carrying passengers there. In consideration of
the granting of which petitions, the said com¬
pany will covenant to keep the streets in which
it runs well grooved-tracked and paved from
curb to curb, and clean of dust and snow the
year round, and will pay monthly into the city
treasury one cent of every full fare received.
The petition was referred to the Railroad Com¬
mittee. This scheme was first suggested by Dr.
Lambert, of life insurance fame. It would be a
tax upon the cartage of the city, ani would
never be tolerated. There would be no objection
for the city itself to cut grooves in a certain por¬
tion of Broadway, say below the City Hall Park,
so as to direct the current of vehicles passing up
and down. It might indeed be a partial solution
of the crush problem. The zig-zagging of the
vehicles and the opposing currents is what causes
the frequent congestions of vehicles in Broad¬
way and other streets. But it would never do to
give a privata company the right to use our
streets as a means for taxing all the vehicles
which travel over them.
The books of the new rapid transit company in
the annexed distiict will be opened to-day. Mr.
Jacob Cohen has already subscribed for $5,000
worth of the stock, and Judge Angel has taken a
like amount.
NOTES AND ITEMS.
The Bombay Hook, extending from Bombay
Hook, Del., to Che.stertown, Md., is said to have
been sold by Jay Gould to a party of Philadel¬
phia and Boston capitalists, who have in view
the construction of a ship canal across the penin¬
sula and parallel with the Bombay Hook road.
M. Pinard, the well-known caterer, has pur¬
chased property at Newport, R. I, on which he
will erect a restaurant and hotel after the style
of the Elberon, near Long Branch.
The Climax Sash Cord is said to be very simple
durable and economical; it is made of steel wire'
and is just what is needed for suspending all
kinds of window sashes, gates, doors, and all con¬
trivances. See advertisement elsewhere.
The recent exploration party of Colonel Mercer
up the Spanish river in the pi-ovince of Ontario,
is said to have discovered vast pine forests con¬
taining upwards of 24,000,000,000 feet of a
superior quality of pine lumber, with facihties of
getting it to market equal to the best.
New York, Oct. 18,1881.
Editor Real Estate Record:
I beg leave to call the attention of the public
and the proper authorities, through your columns,
to the fact that the four lots on the south side of
Seventy-sixth street, between Eighth and Ninth
avenues, are being filled up with garbage, and
also to the fact that immediately in front of the
Museum of Natural History there is a green pool
of stagnant water that is not only an eyesore, but
unheidthy, and the only excuse offered for its
being there, is, that the stuffed animals of the
museum are not likely to suffer from malaria.
West Side.