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Real estate record and builders' guide: v. 15, no. 361: February 13, 1875

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Real Estate Record AND BUILDERS' GUIDE. Vol. XY. NEW YORK, SATURDAY, FEBRUARY 13, 1875. No. 361 Published Weekly by THE REAL ESTATE RECORD ASSOCIATION. C. W. SWEET............President and Treasurer PRESTON I. SWEET........Secretary. TERMS. One year, in advance...........810 00 Communications should be addressed to C. TV. S^WEET, Nos. 345 AND 347 B ioadwat CONTRACTS OPEN TO BUILDING ESTI¬ MATES. Among the many admirable methods -which prevail in England, is the practice of advertis¬ ing for building estimates. Under this system the field is thrown (^pen to the trade, and builders who are not favored with the extreme partiality of architects are enabled to place their estimates before owners. A desirable competition is also excited, wherefrom per¬ sons anxious to improve their property derive benefit. It is well known that our public •works are frequently conducted under this rule to avoid collusion, and although it cannot be said that the public, acting, as it does, through intermediaries, is invariably protect¬ ed, yet where the prmcipal himself comes in contact with the bidders, he is certainly able to judge which will give him his money's -worth at the cheapest rate. We commend the plan to the attention of real estate owners, be¬ lieving it worth trying, and we are sure that it cannot be objectionable to the mass of build¬ ers who are so often debarred from competi¬ tion, because they are not of the few who more frequently secure contracts through the influence of architects, rather than on their merits for cheapness and efl5.cient work. Under the offer of a prize for the best plan of approximately fire-proof cottages, a num¬ ber of plans have been submitted to the Me¬ chanics' and Farmers' Savin^ts Bank, of Chi¬ cago, and it is said that the low estimates of cost connected with them are likely to effect a revolution in cheap building in that city. The result is a matter of importance here, "where we have outlying suburbs that stand in need of protection from fire, and we shall wait with interest the decision of the committee to which the award is entrusted. The cost of building, as submitted to the Chicago commit¬ tee, varies from $985 to $3,600 per house, the ratio of value bearing little relation to size. The Chicago Real Estate Journal claims that an unusually large amount of Eastern capital has been diverted to that point for investment, and that real estate security for loans is eag¬ erly sought after. If tbis is the case, we have only ourselves to thank for the foolish inaction which prevents such a change in our laws as will attract and retain money here. The rates 9f Jiiterest at OhloagQ e^cped pup PWft, m^ investors there do not incur taxation which leaves them minimum returns. We hope that the lesson will not be lost. LOANS BY INSTITITTIONS. It is a good season for investigations, and we commend to the attention of the Legisla¬ ture the numerous savings banks and life insurance companies which have a surfeit of funds for investment. It is well understood that the officers of these corporations are not permitted to take any fee or other rcAA'ard for the loan of money by the institutions under their care, yet we suspect that this admirable provision of law is often and flagrantly violat¬ ed. In fact, we are satisfied that on general principles many of these institutions are rot¬ ten and shaky, otherwise we should never see the ofiicers of ostensibly large corporations set¬ tling down comfortably into wealth strangely at odds with their beginnings, while out¬ side aid is employed in bolstering up the in¬ stitution which, under their fostering care, has ceased paying dividends to the stock-holders or other persons reasonably entitled to some returns for their investments. Of one thing we feel reasonably certain, and that is that the percentages which have been paid for many loans have not enured to the benefit of the savings banks or the life insurance compan¬ ies concerned. OONYEYANOES. NE-W YORK. Feb. 3, 4, 5, 6, 8. 9,10. Attorney st., w. s., 50 s. Broome st., 25x60, h. & 1. Elizabeth Avife of Frederick StegmuUer and Margaret Avife of. Henry Falter to August Walter: Jan. 25.......................$14,320 Amitt st. (No. 64), 8. s., 25 AV. Laurens st., 25x 100. Agnes Jane McClelland (Extrx.) and David Clark (Exr. of John McClelland) to William Dickson. Feb. 4................50,000 Bleecker st., s. s., 60 e. Carmine st., 18x75. EdAvard ElsAVorth (Exr.) to Matthew Mulli¬ gan. Nov. 1............................16,000 Bkoome St., s. e. cor. Sullivan st.,runs east 72x south .33 X west 2 x south 10 x Avest 70, hs. & Is. Ellen Burke to John Purcell. June 3, 1873.....................................25,000 Same property. John Purcell to Patrick J. Burke. June 3, 1873....................25,000 Bleecker st., n. av^ cor. Greene st., 50x100. Julia Cath., Rudolph A., Gustavus H.,' and EdAvin J. Whitthaus and Francis TIUoav (Exrs. of Gustavus H. Whitthaus) to Frederick C. C. Schack. Feb.4......................60,000 Bleecker st., n. w. cor. Greene st., 50x100. Frederick C. C. Schack to Gustavus H. and Edwin Julius Whitthaus. (C. a. G.) Febru¬ ary :4...........................,........00,000 Broadway (No. 200), bet. Fulton and John sts., 23.6x160x32.6x160. Julia Cath., Rudolph A., Gustavus H., and Edwin J. Whitthaus and Francis TilloAv: (Exrs. of Gustavus H. Whitt¬ haus) to Frederick C. C. Schack. Feh. 4.160,000 Same property. Frederick C. C. Schack to Ju- }ia Cfttn, Wfttliaua, (C, a. G.) Feb. 4„160,(K)0 Bulkhead on s. s. South st., commencing at"l Gouverneur slip, s. e. cor. South st., runs I east 150.............................. .... r Also east half pier 53, connected with same bulkhead. (Partition)....................J William P. Lee to EdAvin B. BroAvn. (Subject to lease.) (21 years.) Sept. 15.........37,500 Same property. EdAvia, Harriet E., Henry, and Catharine M. Bergh, Daniel Butterfield, Ma¬ tilda B. BroAvn, and EdAAiu B. Brown (Trus¬ tees of Jane BroAA'n) to EdAA'in B. BroAvn. Sept. 15..................................nom. Chekky St., s. s., [50 AV. Jefferson st., 50 on Water st., n. s., j each street, x 121.6 on e. s. and 133 on av. s. Barthold Schlesinger and Theodor Dreier and others, Boston, Mass., and EdAvard LcAvis, Philadciphia, Pa. (being the firm of Naylor & Co., Ncav York), to Ma¬ ry R. McC. Avife of Abraham B. Conger,Wald- herg, Rockland Co., N. Y. (C. a. G.) May 8........................................noDCL Church st. (No. 200), w. s.. 79 a. Walker st.,! 27x50.....................................j Churgu St. (No. 198), w. s.,'106 s. Walker st., f 16.2x7.5. (Foreclos)......'.................J Edward S. Dakin (Ref.) to George Hughes, Clifton, Passaic Co., N. J................68,000 East Broadway' (No. 24), n. s., 25x—.......I Ludlow st., e. s., 25 n. Stanton st., 26x89___^ Frederick Kircheis and William ZschAvetzke to Ellis N. Crow. Jan. 30...............69,500 East Broadavay (No. 128). (3^ of this).....) Allen st. (No. 4). (X of this)..............f Elisha B. Hiffgins, Brooklyn, to John W. Harper, North Hempstead, L. I. Feb. 3. Conveyed in payment of a debt of §11,300, and......................................nom. Eldridge st. (No. 114), e. s., 100 n. Broome st., 25x87.6... Jochiam D. Timm to Harvey Baker. Feb. 6.................................29,000 Essex st., w. s. (No. 37), 2.5x87.6. Benjamin Reinheimers to Fanny Avif e of Isaac Reinheim- er.. Dec. 29..........:..................25,000 East Broadavay, s. s., 125.9 w. Rutgers st., "1 25x85.....................................I James st. (Nos. 76 and 78), e. s., 17.11 s. Oak f St., 36.2X—................................j Charles W. Leveridge, Albany, to John H. Leveridge. (C. a. G.) (1-5 part. Feb. 1..5.000 Front st., southerly cor. Dover st., runs sonth- east alono: Dover st. 142 to South st., x south¬ west along South st. 23.3, x northwest 69.7 x southAvest 11.4 x northwest 35.11 x northeast 13.4 X northAvest 37.3 to Front st., x northeast 33.4 to point beginning. Catharine M. Lydig (Extrx.), Philip M. Lydig, Charles P. Daly, John R. Brady, and DaA'id Lydig (Exrs., &e.) to Conrad F. and Eibe N. F. Meyer. Febru¬ ary 1 ....................................45,000 Fulton st., s. s., 160.2 e. Broadway, 27xl07.1x 27.4x107. Julia C, Rudolph A., Gustavus H., aud EdAvin J. Witthaus and Francis TilloAV (Exrs. of G. H. Witthaus) to Frederick C. C. Schack. Feb. 4.........................60,000 S.A.ME property. Frederick C. C. Schack to Ju¬ lia Cath. Witthaus (widoAv). (C. a. G.) Feb¬ ruary 4..................................60,000 Greenwich st., w. s., lot 4 lands Ald'n, &c., N. Y. John S. Giles and William Post (Exrs.) and Margaret Post (AvidoAv) to Henry Smith and Thomas R. McNeil. Feb. 10........40,000 Houston at., s. s., SO av. Greene st.. 20x70. Richard Brinckerhoff, Brooklyn, to Clara M. Avife of Charles E. L. Brinkerhoff. Feb. 3.nom. John st. (No. 71). s. s., 72.6 e. William st., 23.11 x9l.9x24.2x91.1. Alexander W. Baton, Can- andagua, N. Y., to John Mortimer, Jr. (C. a. G-T Feb. 2..........___.............nom, J.4.Yst.(No. 13), 35x95.7.................... Franklin st., s. s,, 80 av. Washington st., 43.6 xl0i).3 (X Pirt-)......................... West st., e, s., 40 s. Franklin st., 60x81.5 (}£ part)............................ ,........J Henry McVickar and Cosnio G. Forbes (Trusr tees)"to Frances Clarkson. Dec. 1, 1874 ..nom. King st. (No. 38), s. s., 310.3 e. Varick st., 20x 100. Sarah C. Avife of EdAvard G. Buckenham to Lewla Kenny, Feb, 5.,..,,...,..,,,, 11,000