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Real Estate Record
AND BUILDERS' GUIDE.
Vol. XXVI.
NEW TOEE:, SATUEDAY, SEPTEMBEE 4 1880.
No. 651
Published Weekly by
C^c Mmi €stnU %itaxti %matmiian.
TERMS.
ONE YEAR, in advance....SIO.OO.
Communications should be addressed to
C. W, SWEET,
No. 137 Broadway
We publish to-day, for the information of
owners and landlords, those sections of Part
Second of the new Gode of Procedure rela¬
ting to summary proceedings to recover the
possession of real property. This part of the
new Code went into effect on the first of
September.
GENERAL GRANT FOR PRESIDENT OF
THE WORLD'S FAIR.
With all due respect for the World's Fair
Commission as now organized, we neverthe¬
less take the liberty to suggest that a leader
is wanted at the head of an enterprise like
this which, for the sake of our own metrop-
ohs, must necessarly eclipse in grandeur all
previous international exhibitions. Such a
leader must be an American of world-wide
reputation, to whom all sections of our
country will look as the organizer of success,
and whom the entire civilized world will be
anxious to support in his arduous labors.
Such a man is General Ulysses S. Grant,
and we therefore nominate him as the Presi¬
dent of the Commission of the International
World's Fair to be held in this city of New
York in the year 1883.
The ex-president is now out of politics, he
carries more weight with him among the
masses than any other living Aanerican. He
is, indeed, aside of the President, the first
citizen of the Republic. We could weU
afford to pay him a salary of |50,000 per an¬
num, pending his occupancy of said office,
and New York, as weU as the entire country,
would be benefited by his appointment.
Capitalists of all shades of politics would
liberally subscribe toward an international
exhibition of which General Grant is not only
the nominal but active president. Our own
manufacturers would vie with each other to
place the products of their labor on the most
progressive grounds, and nations from aU
sections of the globe would hail with delight
an opportunity to compete for the crown of
industry in a contest presided over by an
illustrious American whom they know and
whom they themselves have honored.
Place General Grant at the head of the
World's Fair, and its success is assured be¬
yond a doubt.
WATCH THE RECORDS.
The importance of carefully watching the.
columns of The Real Estate Record was
demonstrated during the past week inti.e
most thorough manner. In The Record of
August 38, there appeared three liens against
property on Seventh street, as follows:
Aug. 21.—7th st, s s, 256 e 3d av, 52 ft
front. Wm. H. Jenkins & Son agt
John W. Miller and Adam Klem. . $2,000
Aug. 23.—7th st, Nos. 25 and 27, n s, bet
2d and 3d avs. Wm. MoUer agt John
W. Miller and Adam Klein. ... 300
Aug. 23.-^Same property. Wm. HaU &
Sons' agt same. ........ 897
A subscriber, who also had a claim against
the property, noticed that the Jenkins lien
read Seventh street, south side, whUe the
property is On the north side. He at once
went to the County Clerk's Office and found
that the transcript of said lien as printed in
The Record , was correct—and saw his way
clear to have his claims take precedence of
Jenkins, which he did without delay.
Again, a letter having been received at
this office complaining of an inaccurate re¬
port of a transfer of property on the north¬
west corner of One Hundred and Four¬
teenth street and New avenue, our experts
readUy ascertained that again The Record
was right, but the deed wrong, as the pro¬
perty so transferred is located on the north¬
west comer of Eight avenue and One Hun¬
dred and Fourteenth street, instead of
New avenue.
As usual, the Park Commission devoted most of its
regular meeting to wrangling over a very small mat¬
ter. When are the Commissioners going to begin to
earn their salaries.—.V. Y Herald.
Two mistakes in four lines. The wrang-
hng as to who should be entrusted with lay¬
ing out Morningside Park is certainly not " a
very small matter." Next, the Herald ought
to know that the Park Commissioners do not
get any salaries at all, only the President of
the Board does.
While on this subject, however, let us advise
the two Commissioners who desire to have
Mr. Calvert Vaux take charge of the Morn¬
ingside Park improvement to compromise
with the other two Commissioners who de¬
sire the appointment of Mr. J. Wrey Mould
by "pooKng their issues," and request these
two gentlemen to co-operate. They are both
excellent landscape architects, and will not
"wrangle" in regard to an improvement
that wiU tend so much to beautify a most
eligible section of our city. As frequently
there is " wisdom in the multiplicity of coun¬
cil," perhaps the two gentlemen named
might go further, and consult the views of
Mr. Frederick Law Olmstead, who, if we
are correctly informed, designed some time
ago an excellent plan as to the manner in
which Morningside should be laid out.
There need be no hesitation on the part of
the Improved DweUing Association in pro¬
ceeding with the laudable work they have un¬
dertaken. Though they may regard the con¬
struction of thirteen dweUing houses as a
mere experiment, it wUl not be long before
they wUl regret having caUed a halt at this
number. Not only First avenue. Seventy-
first and Seventy-second streets, where the
new buUdings belonging to this association
are now being erected, but the entire district
in the immediate vicinity is destined to be
flUed with just such edifices. The associa¬
tion is not only doing a good, benevolent
work, but it has entered upon a paying
enterprise, as the constantly increasing
population of the Nineteenth Ward wiU soon
demonstrate. Only let the rents be kept at
a moderate figure, and the two hundred and
eighteen suites at the disposal of the as¬
sociation wiU soon be occupied by as many
famiUes. In fact, capitaUsts generaUy now
employing their money in the improvement
of the upper East Side, find it to their advan¬
tage to construct principaUy what are caUed
modern flat houses, and the time wiU not be
long before New York City, in that section at
least, yyUl be covered with apartment houses
to a far greater extent than Paris is to day.
Lots even on the extreme East Side are too ex¬
pensive for investors to indidge in the luxury
of building smaU private houses on specu¬
lation. It pays them better to build apart¬
ment houses for the purposes of resale, as the
purchaser knows by intuition that he wUl
get a handsome return for his investment.
The DweUing Association as landlord, there¬
fore, if its property is honestly managed,
would get good retm'ns for its enterprise,
even if its purposes were not based simply
upon benevolence and pubUc spirit.
There are some capitaUsts who think that,
owing to the avalanche of apartment houses
in the upper eastern part of the city, private
residences at moderate figures wiU be
eagerly sought after by those belonging to
the middle classes. Others claim that
a district once occupied by apartment
houses becomes known as such, and the
family looking for a smaU house wUl either
gj further north, say to Harlem, or pay more
and cross the Fourth avenue Une to the
Park. It is now evident that ere long the
majority of residences to be erected east of
the Fourth avenue, in the Seventies and
Eighties, wUl be apartment.houses, and it
remains to be proven yet whether the isola¬
ted, smaU house in that section wiU com