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Real estate record and builders' guide: v. 11, no. 261: March 15, 1873

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AND BUILDERS' GUIDE Vol. XI. NEW YORK, SATURDAY, MARCH 15, 1873. No. 261. Piiblish.ed Weeklu by • TiîS REiL ESl'ATE RECORD ASSOOIATION TEKMS. One year, in advance......................$6 00 AH cominmiicatioiiâ should he addressed to ■7 AND 0 W.VHUEM STRKUT. No receipt for money dne the RRATi BST.\TK Rkcoru will be acknowled.iîed nnless sii^ncd by one of our regnlar collectors, Hkn'hy D. Smitii or Ttro.M.-vs P, CuM.MtNGS. AU bills for collection will be sent from the office on a regu¬ larly printed form. Spécial TSTotices. The largely increasing business of Messrs. Gillis & Geoghegàn has necessitated their removiil dnring the past year to more enlarged quarters. Tiie coniraodious premi¬ ses they now occupy, 110 and IIS Wooster street, give them much greater facilities for their business. Mr. Abraham L. Batterson, who engaged in the fur- niture stora.ge busine.ss in 181:J and has continued in itever since, having been for the last 20 ye.ars in his présent loca¬ tion, has ample facilities to acconnnodate his old friends and the public. He has a lon.g listof références from many of our most wealthy and prominent citr/.ens, who hâve en- truited their property to his care. The total number of deeds recorded at the Rsgister's office during tlie month of February, 1878, was 546, of which 46 were given for a nominal considération, and 500 represented a money value of $10,180,724. Thèse figures, in comparison with those for 1872, show a slight decrease, the totals for 1872 being 543 deeds, of which 32 were nominal, and 511 represented a value of $11,512,800. The market at présent is in a good average condition, with a prospect of a very active market for the season now at hand. The prolonged stringency of money, which as yet gives no sign of a let up, has had the effect of deterring timid buyers, and has prevented active démonstrations from the specu lative class. Should the new Secretary of the Treasury let loose a few millions of légal ten- ders, thus easing up the money market, it would undoubtedly create a new confidence, and inure to the benefit of ail classes. In the opening of the labor question this spring, advantage has been taken of the man¬ ner in which the "eight-honr" point was gained by the workingmen, to create a stroug movement. amongst the " boss-carpenters " in ff..or of repudiating it, and returning to the " ten-hour " rule. This, of course, is eonsid¬ ered a menace to the whole system agreed upon last year, and there is no scarcity of déma¬ gogues to magnify the danger, and gain popularity for themselves. There will be a few of the bosses who will enunciate extrême views upon this subject, then a joint confér¬ ence will hîtnàle the matter and order be again restored. Por the truth is, the employers and men will be found greatly in the majority for the rules just as they stand now ; any inclina¬ tion on the part of either side to demand more will be unwise. As the ultimatum of the co- operating societies thèse rules were accepted in good faith by the employers and will be adhered to by them ; the contracts made for the future were based upon them, and disaster would fol¬ low their répudiation. Notwithstanding the display of hostility to the existing system, to which we refer, we dare assert that the move¬ ment is without strength, and will be ig- nored by the bosses v/hen they come to pass upon it a.s a body. Nevertheless, they will not permit the workingmen to use it as a pretext for any new demands, and really they are in a position to maintain whatever they déclare. As with the boss-carpenters so will it proba¬ bly be with other branches' of the building interest ; ail wiU work under the same rules. ALBANY LETTEE. Albany, March 14, 187.3.^ TilE rapid transit bill introduced in the Senate by Mr. Tiemann, of New York, on Wed¬ nesday, is something fearful to contemplate. It comes from the New York Elevated Railroad Company, and provides for a new charter, authorizing that company to construct lines of elevated raUroad as follows : First, an exten¬ sion on the lower end of the présent line, from the junction of Greenwich .street and Battery place across to the northerly corner of the Battery to State street, thence across the easterly corner of the Battery and along WTiite- hall street to the river. Second, a branch line of elevated railroad from the présent main line at the junction of G-reenwich and Canal streets, along Canal street to the Hudson river. Third, a branch from the main line at or near the junction of Greenwich and West Tenth streets along West Tenth street or along Chris¬ topher street to the Hudson river. Fourth, a branch from the main line at or near the junc¬ tion of Gausevoorb street and Little Twelfth street, along Little Twelfth street to the Hudson river. Fifth, a branch from the junction of Ninth avenue and West Twenty-third street along West Twenty-third street to the Hud¬ son river. Sixth, a branch from the junc¬ tion of Ninth avenue and Thirty-fourth street down Thirty-fourth street to the river. Seventhly, comes the main line for the east side of the city. This they loropose to start from some point on or near the Battery, and runni. g up through some street east of Broadway, thence easterly of Fourth avenue to the Harlem river, and thence along the shore of the river to Kingsbridge. Eighth, a Connecting branch from some point on the Harlem river between McComb's Dam and the Harlem Railroad bridge across to the main line on the west side, Con¬ necting at. some point below llOth street. Ninth, a branch from the Hudson river at some point between Forty-first and Forty-eighth streets on a line through one or more streets and avenues to the Grand Central Depot, and thence on to the East river, terminating at some point between East Forty-first and East Forty-fifth streets. The bUl provides that work shall be commenced within two months after its passage, and that the company shall buUd at the rate of three miles of road per year, mak¬ ing allowance for any delays on account of diffi¬ culty in obaining title to property. The House committee on railroads hâve made a favorable report on the bill for an elevated railroad on what is known as the Buckman plan. The name of the company proposing to build this road is the New York City Central and Westchester Elevated Railroad Company. The route begins at South Ferry and runs np Church and Wooster streets, through Union square and along Broadway to Eighth avenue, thence to Harlem Lane, St. Nicholas avenue, and finally Tenth avenue to the river, whence it is intended to proceed by surface road to Yonkers. No report has yet been received on the bill sent hère by the We.st Side Association, which provides for a road to be built by the city it¬ self. The Senate on Wednesday afternoon had the proposed charter of the New York Railroad and Warehouse Company up for considération iu committee of the whole. This is the biU which proposes to give a charter to a large company to build a railroad around the city on the bulk¬ head line, and to erect a number of warehouses and piers as a kind of experiment, the intention of the company being to continue the work along both shores of the island providing the Législature is satisfied with their first work. The bill, after discussion, was "' progressed. " Pétitions for the passage of the law exempt- ing bonds and mortgages from taxation conti¬ nue to come in. A few remonstrances hâve been received from the interior. Senator Madden presented a pétition on Wednesday, signed by 300 citizens of Orange county, pray¬ ing for the passage of this law. The debate on the bill has again been postponed until Thurs¬ day, March 20. Mr. Crary, of New York, has introduced a bill in the Assembly to extend the area of assessments for the opening of Lexington avenue from One Hundred and Second street to the Harlem river. It is asserted that the damage to property in opening this avenue has been so great that to assess the résidents along the line for the whole of it would be too burdensome. The bill of Mr. Crary authorizes the assessing of ail the property owners between Third and Fourth avenues. The following bill, introduced by Mr. Deer- ing, has been read t\vice and referred to the committee on the judiciary, reported favorably from said committee, and committed to the committee of the whole. An act to amend an act entitled "An act to'authorize the formation of c )rporations for the érection of buildings," passed April fifth, eighteen hnndred and fiftj'-three. The People of the State of New York, represented iu Sonate and Assembly, do enact as follows : h Section 1. The first section of chapter one hundred and ssventecn of the Laws of eighteen hundred and fifty-three, entitled •' An act to authorize the form.ation of corporations for the érection of buildings," is hereby amended to read as follows : At any time hereafter any five or more per¬ sons who may désire to form a company for the érection of buildings or the construction or leasing of elevators and warehouses for the storage and elevating of grain and for the making, pnrchasing and sellin.e materials for the con¬ struction of buildings, or for the laying out and subdivision of lands into building lots or villa plots and the improve¬ ment and sale thereof, and for the pnrchasing, holding, leasing and conveying any improved real estate whatever, may make, sign and acknowledge before some officer com pétant to take the acknowledgment of deeds, and file in the office of the clerk of the county in which the business of the company shall be carried on, and a dupUcate thereof in the office of the secretary of state, a certificate in writing, in which shall be stated the ''corporate name of the said company and the object for -which the company fihaU he