Columbia University Libraries Digital Collections: The Real Estate Record

Real estate record and builders' guide: v. 28, no. 710: October 22, 1881

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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.