The New York Herald Newspaper, June 8, 1857, Page 2

bare _ and R @ Brovghton, of the Norfolk Herald, be appoiotes secretaries, The motion was agree! t>; whereapon— uagested (hat the delegates report them. rics. ‘The Preave Bel ves 0 the seo ‘Tho followive t+ a list of those in attondsnce — Norfolk ond, Petersburg Noikroad —Flon Francis Mallory , Provident; Joba E Ovyle, N. ©. King, F. F. Pergusoa, Mayer of Norfolk; Jas. F. Leigh, R.A, Worrell, J. 3 Brees GJ. Miller 'Southgace, B.'G@. Broughtos, Gonway Whit! South Side Railroad.--Thomas BW. Campbell, President; ‘Thomas Braveh, TH Archer, Charles Corling, 8. 8. Gris cow, L. Lun-ford, W. A. Crow, BF Chiltrey, ©. ©. Tap y, BO. fin on, A. 3. Shafer, A. A. Alien, EH. stain Virpinia Central Railroad—E Fontaine, Pre ident; Sam! Carp nter Yrgimia and Tennessee Railroad —Jobn BR, MoDanic', Presivent, homes F. Preston, Jobo M Preston, Hon. Wm Ballard yo, Hoa A. A. Eimondson ‘Alexandria Railroad.—Jobn 8. Barbour, an Horner, Jobn Willis, H. W. Vandergrift, . Mary, Brasmus Taylor. lon and Hampshire Railvoad —Andrew Jamie, enzie. Me Rarlroad.—Giibert 8. Meom Cin hertand Gap and Charleston Railroad “RL W. Barnett Puyinda gi Kentucky Railroad —Thomas 1. Preston, A. HL Dory Kasten Teanesiee and Virginia Railroad —Samuol ea. Northeastern and Souhwestern Alabama Railroad. —F. B Deane, Jun. Union Sicamship Company, Philadelphia —Thomas Wed- ster, Jan and Abingdon Telegraph Company.—Dr. W. 8. Morrie Bristol Delegation ~A, K. Moore, 8. E, Goodson, L. F Jobneon, A. f. Wil-on, J. W. Thomas, J. W. Morgan, JR Anderson, J. G King; Pepper, 2 ©. Stu m. Witlougaby, IT, M Laadoetter, W. L. Rice, Dr. J. R. Phillips, Wm. L. Martin, W. T. Car wack, Wm. F. Moone, Jas. T. Preston, G. L. Weslo: Gallaber, W. J. Tamplin, H. G. Shell! Jas. Fields, Jos. r, W. N Perkins, J) W. Deaderick, Jas. King, Sen. ; J. M. Robinson, W. G. Peck, J. H. Everett. Mr. Duaxe moved that a committee of eleven be anpotat- ed by the President, to prepare business for the Conven bon, remarking that be deemed it expesieat to add two to the members whom he had originally suggeeted. ‘The motion was agreed to and tho following committes was appointed :— Messrs. i B. Deane, ©. Fontaino, President Virginia Central Raiiroad; 8. H.’ Campbell, President South side Railroad; John S. Barbour, President Orange and Alexan. dria Railrows; Jobn R. McDaniel, President Virginia and Tennessee Railroad; Samuel Rhea, Hon. W. B. Preston, Gilbert S Meom, A’ Jamison, L. H. Myers, Norfolk; Thos. Jas King, Jur.; V. Reeblor, Dr, L. Preston ‘On motion of Mr. Barsovr, the Convention took a recess till 8 o'clock P. M., tocauble the committee to prepare tho mecessary business. AFTERNOON 888SI0N. The Convention met at 3 o'clock P. M_, pursuant to ad- jourpment Mr. Dray, from the Committee on Bussiness, submitted the following — Resolved, That Virgivia prossessess the associate and individual weal'b, capital and resources that enables her to fuldl without oppression, exaction or unreasonable bur. dens on any, all the obligations that rest upon her, and accomplish and perfect all ber great systems of public policy. That it is alike the dietate of wisdom, honor, security and patriotism that the important and leading liner of inter communication now in progress and unfinished within ber borders should be steadily and libe- rally sopported with all the meaas for their perfect and entire completion. Resolved, Tha: no work of internal improvement, de- figned for the transportation of heavy tonnage ant’ pro- duce from we interior to the eeaboard, is or can be re- ded ax complete or fin'sbed unti! the means and facili les are afforded for direct trade from the Chesapeake and 1 waters to Europe. Resolved, That tbe natural avd artificial lines of trade which are now in use and operation among us, engaged io the transportation of an amount of domestic commoditics end productions, and of foreiga articles of commerse and trade, already suiliciest to maiatain a lige of first class steamsbips, and that the associated publie and individual wealth and power of Virginia can readily supply the means necessary for euch a line. Resolved, That faith and jnstice demand that the fede- ral government shall extend like faciliticy aud advantages im the transportation of the mail by the proposed line as {4 bas beretofore exiended to other lines of ocean steamers. Rorolved, That the works of internal )mp-ovement now fp progress will derive great benefl's and facilities in their construction snd rapid completion, from the establish- meat of the propored lines of steamship:, which will add incalculably to the productions and trade already requiring direct lines of communication with fore go markets. Resolved, Thst in view of the objects above fo dicated, be appointed to visit Bu- trial condition and resources of Virginia, and also to place Prominently before the commercial men abroad the ad- vantages which must follow a direct trade betweeu them ‘and us on the completion of that extended «yatem of im- Provements now so neatly accomplished, and which, when consummated, will connect our seaports with tie great lacing apd consuming country stretching from Qe peake and beyond the and Mississippi rivers by the shortest and cheapest line of tatercommunt- cation between the East aud the West. Resolved, That our commissioner be directed more cs pecially to confer with parties abroad ip reference to the wpeedy establishment of a suitable line or lines ofsteamers Detwoen the waters of Virginia and Europe: od that he be alo requested to place himself im correeponderee with the managers and pro- 0. the Gret Rastern Steamship Company, and Téport to the Hresiden! of this convention whether or not the vessels of that company are Likely to promote the ob- joots of thi. convention. Resolved, Thai the con missioner be authorized to say op our behalf tha we are not merely sepsible of the im. portance of this trade, but that we ae unalierably deter ined (0 esteblich and maintain it on @ permanent basis, fend be can as-ure thore disposed te conpect with us, that such an en‘erprice wil! receive reople of Virginia and the other Siates here represented which (ts importance, commercially aud politically, 80 imperatively d+ mand. Resolved, That the expenses atten missioner should be borne by the ra of the Stacs who feel interested tn Proportion to the length of their eeveral line; 97 thore who fe! authori » plecge thames! to that effect on bebalf of coupanies: and that others citl.revtly situated be requesiod ty wae ims Giate action to that cad Resolved, That we invite the co operation of such por tions of our cowntry, and such other haes cf improvement, U&gether with the Commercial communities in our State who may have a com non interest with us, in establishing of ocean steamers. utinving—Thoee are the resolations which I rerent to the now that it is which the commities vention, Ido not fer any of the reas amend these re consideration of thie o ai ail necevrary for me to induced the c immittee to 1 ec teution with any exten n of the important questions ra bot it may be proper for me, occupying of that committee, to great Tam well assured © here as to the p elaborate di-cus! there resolutions the perition that | do, as the or; me pring v6 tained in the first revolution; that ail will agree that the great lives of internal improvement in Virginia ehould be forniebed wih the means pecestary for their completion Unies that be done, gentlomen, 1 labor which #e begin 1y-five years “go, will not be completed. Gur great system of interne! improvement hae progrersed to ita present point throagh the auitod efforts of the {:ternal improvem. ty of Virginia, and tbat party ebould o« et it apm all tuere great questions, ip which, moet ‘Of all things, #6, a® pians, Of this com pony ealth and of the Southern 8 ates from the foreign varsalage under which we have been paced since the war of 1512. We must, gentlemen, lay ax i pee Uonal jealouxics and fc: lings, and go for tac \atersste of the commonreaith. We must go before our country and the world detlariog it to be our purpow so to act—deciaring 1; t be our purpose to perfect that bh we have ro successfully prosecuted up bo this time—I Pay s0 successfully prosecuted, besause, ta epite of all the ridioule that has been attempted to be thrown wpon Virginia io regard to ber interna! pee mente, rhe har progreared with them ar indurtrious!y and Puccesfully pince the resumption of active orera ions Yo 1848, aa auy other State in this Union; nay, T will go fartber, Mr. President, and assert before this Convention what Ifknow to be true. I will aeser that since 1848 vi bas accomplished more than any commonwealth fm this Union bas done with her own resources. She has Duiit « line of interpal improvement from Cocsapeake bay Lo the Buate lineof Tennessee, the only thing remaiaing to be dane ip order to complete ‘the connection being the con Struction of afew bridges, and the laying down of some fron ou the road of my’ friend, the President of tu Convention, all of which could be completed in foar or five months, That is not all. She bas connected her her sister Southera State of North Carolina by one e moet important lines of in ereommunicauon (to the commonwealth. 1 refer to the Danville railroad, ‘end 1 am sorry to way she is got here ted. That five bas brought us in connection wita the old ‘Norta Biante,” rich ae Virginia im ai) that is necessary for internal woallh and ind-yercence. We have dove more than that. We have built from the capital of Virginia a great line of interval improvement penetrating the centre of our moun Gains in the cenire of the State 1 allude to the@entral Railroad, a road which I beg leave wo say prosenwed ag zoany aiiioulies tn its engineering, because of the physi- oal of the country, as are to be found in auy com line of raivroad on this continent Ali this hae boon Gone; bat that is not all, We have built « jine of internal improvement from the shores of the Potomac— from the city of Alexendria—to the heart of the Hetmout cwntry, which is now comecting iteot with the great line that traverses the Stats, from Tenne. Bee to the waters ¢f Virginia, thus connecting with the Breai Contral line of water communication. Now | ack you to look over the whole history of iuteroal impryve. tents and point to me one tingle commonwealth that with ber own capital, with the capital provided by taxation upon her own people, with the contributions of her own Citecns aod corporations, cities and coanties, has doce More, vey, Wat bas done as much. I, therefore, say that Virginia ie'no longer to be taunted with auything like an Pinoneee or anything like inability to aocomplih any do. > Se la ber wisdom lay before her citizens. © have, ax we aiirm in firat resoludon, the capital, resources public spirit to carry out sli our great measures of public policy without oppression anywhere, or imposition, or burden upon any of car commonwealth. And while Oooepying this position of independence we have, asa reult of Unie great internal impr yvement policy, Inoreased the wealth of this commonwenith in the ratio of ove third Of the aggregate value of the real estate of the common Wealth. Tuat has been done by the efforts of our citizens waalded by foreign capital, unaided by cajital derived from the public treasury er the public lands; and we can Accom pliah anytbing that we choose to project in the way internal improvements. (ioud cheers) We caid io Fesolution tbat we possess already the trade sufficient sustain these live of steamers, which we 60 anxiouly shall be established from the tide waters of Vir Gata to the most cligivis paris of Europe, I wy ia and presence of this Convention, that that 18 no exaggera tion, that it is sober trot. And, genilemen, if you will’ ake the trouble t» investigate this sobject, you will Qnd that ® fuiliclont amount of tonaage to sustain these likes, is now transported upop the James river and Kanawia canal, ent the oiber lines of in terbal improvement in Virguia. Ia referring to the vaiious State works of importance I omitted the Mopaseas Gap raiiroad and (ho Alexandrts, Loudoun avd Hamochire railrond; I omitted t ecanse I | was desirous © run over this subject speedily, nob wishing to detain you with any lengthonvd discussion in reference toil; but I say, if you will iavertigate the AWOUNt Of tonnage transported upon our lines of internal ‘mprovement, ineluding our great canal—I say “ great,” be suse, althoogh railroads ure more popular, the ex- Prrienee of the country kas demonsirated the fuct, that internal improvements to be thorouguly elective must combine bo'h systems; and becanse fa poin‘ of utility, ag ap internal medium of transportatipn, the James river and Kavawba canal is second to no improvement. 1 repeat. if you ill investigate the amount of tonnage transporved over these Ines, you will find that suf cient resources now exist to sustain the proposed line of steamships, IT will not worry you now, gentlemen, by eoing mto any detailed statement in reference to this matier of tonnage. J invite every man who hears me to an investigation of the subject, aad [ have no doubt he will be inevitably led to the same conclusions which I have ar- rived at. Bot that is not all. We propose in these reso- lutions to invite the co-operation of our sister States in be- hsif of this project, and when that co operation is rem dered, when they become interested in this line of Fteam- ships which we desire shall be started from the waters of Virg’nia, when we possess that couatry which is uaited 0 ‘us by bonde of iron and hear 4 of stee!, I beg leave to say here, although it may sound upon your ears as extrava- gant, that we will have au amount of tonnage and passen- ger support for this line of steamships that you cannot concentrate anywhere else in this Union, save, possibly, New York. it I doubt if New Yosk can concentrate the same amonnt. It is concentrated there now, but the result of the building up of the lines of intercom’ munication that are centering upon our waters, will bo to éraw off from that commeroral emporium and centre upon ihe waters of the Cheeapeake, such an amount of its trate as Will require seven such steamers as the Great Easiern, wit) all ber capacity, to transport. That may seem a very sweeping declaration. Bat look at this fact, gentio men. The States that must send their commerce into your port are the States of Tenueseee, Kentucky and North Ca. rolina. I>ay must send it there, b cause there is a law in regard to all this matter thatcannot be violated—that nover bas been violated since commerce begau—the law of lo cal'ty. You have locality—you have a position aud you have nothing to do but to carry your linos of internal improvement from the waters of tho Cheeepeake isto the mighty Wrst and you will have thie commerce by the — oparation of that law, because you will afford the cheapest aad short- est line of transit between that great consurring country and the great marts of commerce throughout the world. You will bave, immediately upon the completion of tbe Vorginia and Fast Tennestee Railroad, and the completion ofthe Cumberland Gap Railroad, and its connection with the system of railroads in Kentucky, together with tho Covington aad Obio Railroad, the commerce of eight mil lions of people, taking it by the census of 1850. @ COm- merce that would then pour out upon you would be equal to an amount of tonnage that seven lines of such steamers ‘as the Great Eastern, allowing four steamers to each line, could mot transport, What cen the Great Eastern take? ‘There is an idea prevailing im the coantry that such is the immense magnitude of that vessel that she cannot be filied. What is her transportation capacity? What fills her? Fifty thousand barrels of flour, twenty tive thousand bales of cotton, ten thonsand hogs- beads tobacco. Whatis th» trausportation today down the James river? Two bundred and thirty-six thousand tons, which ig more than will be required for four of them, if it was all commodities going toEurope. Therefore, I say, that there is no doubt whatever tbat all the fears and appre- hensions which we entertain of inability to sustain a line of steamers are perfectly idle. We have the means al- ready to sustain a live of steamers. We will have the means to accomplish that great work which we all yearn for; and we will have ere long an amount of commerce that cannot be accommodated by the moans of transit afforded by this line of steamers. (Lou cheers.) Well, gentlemen, the committee recom: mead to you the appointmen of a com missioner to "visit Europe for the parpose of making known the trae condition of our a iv interval improve ueute. Some may say, where is the ne- cessity for appointing © commissioner? Cannot this be done by other u caus involving less cost? Isay, no. leay that if this convention adjourne without appointing such an agent we had better not have come here. It is the interest, as it has been the practice of the commercial cities of the North to decry all our cffurt, and to misdirect foreign capital and for eign immigration—to send 1t not to our country, not to Tennessee, but to send it to another region of this country. It is the interest, and it bas been the practice cial rivals to decry, to depreciate in the world, all the public securities of this commonwealth. It is pow and every day their cry that Virginis ts over hoad ‘and ears in debt Her stocks are brought down to eight and even ten per cent below par. We mutt correct this state of things. We must not be relying upon commercial cor. respondents; we musi not be relying upon the correspon- ¢ence of railroad presidents and merchanta of our own States. We must eend from our midst some gentleman of established ry tion at home and abroad, whose word cannot and will not be questioned, and who can av bey tate of Ken ol gee —o tact * ose people who bold, as it were, purse strin, Of the world. We inust ses from our midet'a tan who kno €@ about what he speaks, and whose optnions will be entitled to all the credence that the of any man who lives on the earth can command. Send a commis: sioner, and you accomplish a work for Virginia that will be greater than anything that is in our power to do—greater in its present aud future results, in its direct tendency to relieve us from all the tributes we now pay, Decause we are the mere fa xtors of the merchants of the worli—send & commission there, I beg you; send him with such instructions a# are Contained in this reeo- jution, and he will come back soon to be follewed by capi- tal and everythibg that we desire; and this great object thet is 80 cesential to our Cotamerce and prosperity, will be speedily acoompilshed. (Cheers.) Theee are the re- commendations contained in the resolutions. I have, I know, set forth very imperfectly the causes which {a- duced the committee to adopt them, and I have done so for the reason that there are gentlemen bere better able discharge (aat duty thaa L. Ido not know, Mr. President, that it is necessary for me to anticipate objections to these resolutions, and I shall not do 60. | eball conclude these hurried remarks with the expression of a bope that there will be the same vuanimity bere tu ihe consideration of this eubjeet that (here was in your committce, aad that ball take the recoumneudation Dy that coramitiee—that is, the serding to Europe of @ commissioner with power to tell the truth, the whole trath, and pothing but the trath in relation to’ Virginia and the Southern States united with ber in commercia! apd political interests. I will not tooch upoa the political points of this question, further than to say that in my humble opinioa the time’ has come, or at Jeast is near at hand, when, if Virginia will not pul forth all ber etrength in €o operation with the States associated with her in these commercial enterprises that mark the age in which we live, she is doomed perpetually wo boa dege, Yes, I must use the word “bondage,” for commercial dependence is nothing but bondago— & bondage under which we have been liviag for the last foity years. 1 cannot believe that this conve ation will for ‘® moment beettate to do this or anything elre that may be deemed neceseary to relieve the commonwealth from this condition. Weall know what has been passing before us for we Inet half dozen years, Wo have ali heard how we bave been taunted witL an inability to take care of our own interests and preserve our own \ostitations. Iam ia favor of taking such stepe now as will show to the world that Virginia has waked up; that Tennessee, Kentacky, North Carolina and South Carolina bave weked np, and that we do not mean any longer to look to overs for the condvet of our commerce and the maaagement of our iptercot. [trust that it will be the pleasure of the con- venion to adopt these resolutions. If any question ts ashes by wry gentleman present, by way of farther ta fortuaticn, I shail be happy to reply. Mr. Curen S. Muew—I would be glad to hear from the gentleman bew the vote of the convention is to be cart. Mr. Deaxr—J thank the gentleman for reminding me upon this eubject. The matter was mentioned in the com- mittee, and the opinion (bere way that each interost should vote upon a]! questiogs ae a unit. Mr. Mrem—I would suggest the propriety of the conven- Lion's devermining how each {ntorest should vote before the resolutions are upon. In order that a proper ua. derstandiag wpon thts question may be arrived at, { would offer the following resolution :— That each interest reproseated in this convention shai) cant one vote. Tt was adopted. Col. Foustaist—I move that each reeolution be read ogreny, aud the vote be taken upon them sen tum. . Braxcn, of Petersburg—I do not rise to maken speech Pit en eg he 1 rise to say that i any one iutenda to speak to the resolutions, the fret in the series agords a ‘theme for such a display. For my part [ ‘am aaxious to be enlightened upon the subject referred to In these resolutions, and now ts the proper time to be in formed upon there Bubjects. Tux Cuan--if the gentioman desires @ speech, as I be- lieve be coea, I would make a suggestion by way of ox. eq the business of the Convention. | think it weuld better to read over the resolutions separately, and if there is any of them to we. mg ft = tion may take exception, he can do so. means t Giecriasions will be wade to have a speciiic — ane thr resolutions bein; a ‘& proper Gt a epecoh upon the wi subject will bo alforde.. Ican eaee rentieman, with some ages of certainty, that e will have # speech in due time. i @uggestion was agreed to, and the resolutions were read over by the Pro- ident, without exception being taken to any. Some discussion arose as to the ers soliciting corporate bodies and other interests the raliroad com panies for aid to bear the expenses of the Commiasionor to Furope. Upon this subject Mr. Deane, one of the most prominent internal im ement alvocates in the Sule, aid—I beg leave to differ #ith my friend, Mr. Campbell who bas just taken his seat, in regard to (be pro) ioiy of requesting corporations and cities to participate ia the ox penditare riyny to defray the expenses of the commis sioner. I do so for thie reason. It is highly important that everything convected with this mirsioa should be arranged with ali possible despatch, and that the commts- sioner who may be appouted should prepare to start at we rarly a day ae possible, If weawait the action of the diferent corporati me and ciies that may be solicited for eid we should probably wait to a period too late to enable the commissioner to execate in due time all the Guiles assigned to him and to retarm to the United States whilst the Virginia I lature would be in restion. Ifone town or city ld decline, others would probably follow the example, and discussions would Arise \b connecti@® with this subject in the separate bodies: which might oveupy months. I want the railroad com panies to take the matter in their own hands, becaase they are more immediately interested. The mere mattor of a few dollars and cents ia no consideration compared with the importance of tht movoment, and ally should it be £0, in view of the neooesity of perfecling the arrange. ente in connection with ‘this mission, at the earliost of our commer. markets of the cording to terms set forth tn the resolation, is mere bagatelle upon the railroad corporations of Virginia, ‘The w! amount will not be greater than NEW YORK HERALD, MONDAY, JUNE 8, 1857, sccupet inthe artoation ofthe dates connecied witht | REAL, ESTATE MOVEMENTS OF 1857, mission. The Commissioner will have a great work to vip meine . vi will Ly $etited and established prejudices. He ve to be fortilled | New York as It Was, as ft Is, and as ft Will with the most minuce iaformation and reliable facts con- | Drcted with the ooject of hia mission, to be enebled to go | S8e—The Price of Property ta Different Parts of the City—Curtous Statistics on that Polat —Wonderful Rise in Property Up Towa— from place to place, fcom London to Paris and other Eu ropean Stater, and that efficisntly with reference to this Manhattan Island to be Covered with Batid~ great question. If we delay about this matter we will lore a vast deal of oreclous time, and probably damage the prospects «f this movemeus.’ I hope my friend will not s within Twenty Years—('he Proof—The pedo) puampe ‘by inei 5 u 200 bis amend mont, Broadway of Up Town—The New Churches, ‘vo rohit rom © lone, jos, Ao. (Casclich od Tele Senate oat meee Banks, Pablle Buildings, and Private Re- hor was it my pur- pose fo do £0, The genticroan misuni crstands my pro- ‘tion, I merely proposed that the exponses of the womissioner be borne by the railroad companies of the State that are interested in this movement, anthat cont ibuticns be received fiom such corporations, cities and towns as may be willing to ald in the® enterprise. 1 did pot intend that any solicitation should made upon these interesta, My proposition merely contemplated the receipt of apy sums that may be voluntarily contributed. I withdraw the amendment ‘The question recurring on the adoption of the resolu- tions, ‘Col. Fortine remarked that in view of the unapimity prevalent with reference to them, he would withdraw his seriatum vots. ‘The vote was then taken upon their adoption collective. ly, and agreed to unanimously, APPOINIMENT OF A COMMISSIONER. Mr. Deanr—I rise to nominate to this convention a gen- tleman to 61] the bigh office of Commissioner to Earope to egotiate upon the subject which brought us here to ether, In making that nomination I will not attempt a ulogy upon the man whom I shall present to thia convea- tion. He is too well known to all to need any remark from mo; and I feel agsured that the mere mentioa f bis name will be sufficient to secure for him the unani- mous vote of the convention. I will content myself by an- ouncing the name of the Hon. Wm. B. Preston. Cheers.) The nomination was s¢conded by Mr. Campbell, Presi den! of the South Side Railroad, Col. Fontaine and Mr. W hittle, of Norfolk, each of whom passed an appropriate eulogy upon the cliaracter of the distinguished nominee, ‘The question on his election was then put and carried unanimously. Wr. Campnett moved that a copy of the proceedings be tranamitted to the president of the several in’ernal im provement compavies in Virginia, and to the president of any other company connected with any Virginia railroad, motion was agreed to. Cox. Foytains—] beg leave to offer the following reso lution. It is a reeclution haying reference to another con- vention of the railroad interest of Virginia. Que of the regolations which we have adopted contemplates the poasl- ble neces:ity of the meeting of this convention when the commissioner {is called upon to report the result of his mission to the President of the convention. The object of the resolution, however, is not strictly cou- fined to this. There area great many other subjects in which we have been engaged, that are of interest to all our railroad companies. My Opinion is that we ought to bold stated meetings of all our railroad companics a! least once a year, if cols to arrive at propor understandings in reference to the many subjects which mutually affect ur, ‘and to set at rest the little bickerings which grow up from time to time among us. I will take occasion to remark in this cornection, that I believe there ig @ mistaken under- standing ag to the rivalry and ant m which have agi- tated m any of our ra:lroad companies, and if only to cor- rect this, the plan which I propose should be adopted. The resolution is as follows:— Reselved, That it be recommended to the railroad com pavies of the 8 ate to meet in convention at Richmond on the Tuesday after the firet Monday in December next. Some discussion arose here as to the point most dences in the Process of Hreotion—Present te of Real Estate—Specalation— fhe Fa- ture of New York. During the yoar 1886 a well known morchaut of this city wrote a series of articles in one of the periodicals of that day, in which he gave his views oa the probable in creage in the price of property for half a century ahead, based upon the rapid but certain multiplication of iahabit- ants, and the limited area of Manhattan island, upon which they were to acoumulate, He argued that all the lots in the ct!y would be built upon within a much more limited period than property holdors then generally supposed. Although 1836 was a year noted for the wildaess and ‘extravagance of its speculations, especially in real estate, yetthe figures the writer gavo presented results 80 as- tounding that oven (he most sanguine doubted their truth, while prudent people, #0 called, questioned the accuracy of the figures, and denied the conclusions derived from them. ‘Tho writer, however, honestly belleved in his own theories, and embarked his whole fortune ia real estate ventures; but the financial revulsion of 1837 affected him, ‘as well a3 other speculators, and he was swept under by the current, But though this prophet was not honored in hia day or generation, yet timo and the course of events have proved that if he erred at all it was on the side of moderation, and that what were doemod his most extravagant speculations fell short of the truth. In 1836 and 1837 the busiaess of the city was confined to a few streots near the rivers, down town; all the hotels ef any account wore below the Tark, and the city beyond Union park was known as “the village.” Broadway was occupied mainly by private dwellings, and the First, Third and Fifth ward, comprised the fashionable quartier of the metropolis. Men yeaa than thirty years of age, who have lived in this city all their lives, look back with astonishment at the changes which the “whirligig of time’? has wrought even within their recollection, while older men express their inability to comprehend it. We hear much of the rapid advance ia population, wealth and importance of Western cities, but, afier all, the growth of New York is unparallcled, and i to-day ts as new, as thriving, as energetic, and has as much young blood, as any city on the contineat, while its “inanifest destiny? is to become the greatest centre of commerce, wealth and population in tue world. ‘The following figures speak for themselyes:— POPULATION OF NEW YORK AT DIFFSRENT PERIODS. ion. Fears. i VALUE OF REAL ESTATE AND PERSONAL PROPERTY AT DIFFERENT PEGIODS DURING TOE LAST TWENTE suitable for the meeting of the convention; Mr. Brauch, YEARS. of urg,'in rather a humorous strain, con | p, of Real Estate. tending in favor of Norfolk. The resolution was finally | 1,17" Por q adopted, however, Mr Branch having given way for the 1837 "796,450 109 sake of harmony. Mr. B.'s objection to Richmond wasac: | 1.55: 543, 5 tuated ostensibly by her romiseness in having failed to send delegates to the Convention, but truly by a spirit of 5 jealousy which has grown up pot ay sed and Peters | 1845. ad ‘ fim Shen of wi he, as a resident of the later, no } j 055 52 03828 woiour ane moved three 1856.. ceeee B40, 0,7 tnforin Mr, Prewlon ef hie ekechon as commiisierer n° |, Even these figures full’ to tell al te truth. Toe The motion was agreed to, and the following committee | 'ast Census was managed in a most banging min. appcinted : Metsrs. Deane,’ Archer, of Petersburg, and | DCF, and our popu is muc! 6 A na e Warrell, of Norfolk. Mr. Preston being informed of his | Marshals made it out to be. This is proven by the ratio returned thanks in s brief bul'very appropriate | of deaths, the known increase in the number of dwellings, pe nnd and other equally seafaclory tosis, , as to real os 7 rrr, tate, it is notorious owing causes property A Te ee create to to oporate in tis cater. | Hot estimated at its true value, nor is it likely to be under prise. His manage the | the present system of things. ‘Bull, the above figures show mi ral, mn ‘bo wou Baro | Least ae Sete Pit dra ta ha Se “" ~ _ ratio of ingreage will be accclerated in years to come. In “ Valentine’s Manual’’ for 1860 ith following interesiing table, which shows the numt 7 1842, cumpary, Sage 0 senacate with hen some representative out our it to them. As to 'y and Ten- nesece, Ishould gladly receive their 0-0; and as Bistance. It has been often invited in former con- Ventions; but the invitation addressed to the citizens of there States has failed to result in merce. I prefer that } 1841. ‘a Virginian should appease “pon, Boe: or French soil as It is to be ug! the representative of the empire of Virginia, for such I | down to our own time, as it would give at a glance an ovi- Tay call hor. 1 think the gentleman closen fully compe: } dence of the prosperity of the times, but our Albany legisla: a Br So cantn, 0, & By a ae, tors, who are incessantly tinkering at our manicipal regu- Re cheasld ¢o Rate See aay Ear ae, Weoceeaee | uaa, mie e the rule which compelled the ity Inspector to keep @ record of the new buildings. The icers of the Oroton Aqueduct Department coald farnish this information if they would, as they give -—_ o put houses, and it would be well the board make i the duty of cus t tate clara to fers to the Mr. Warrra.—My suggestion was merely incon- | P4 tte pared a baw Bg 2 Saal we Che eipeenes ae et mea choven | qciteetoc tate of the money market has upos the ball to represent us. 1, of course, gire way rally. | Mr Daasnol beg leave to olfer the following ing operations in this city. {n 1836, when the real estate | speculation fover raged, 1,826 houses were erected, which foll off to 840 houses for the following year, while the panic raged. In 1839 only 674 vew houses wore built, bat since that ime the increase has been steady. Were we able to pub- lish statements for the last eight years, it would doubUess show that 2,800 houses have gone up every year; houses, too, that involved a much larger expenditure than those erected fifteen and twenty twenty years since. At that time & good substantial brick Louse, costing ten thousand dollars ‘was considered enougd to transact business in, while ‘arent of $2,000 for @ store was considered a very high resolu. jon — ‘That the President of this Convention be requested to have prepared for publication the proceedings of this Con. vention, and to have them published in all the newspapers of the commonwealth. It was adopted Mr. Dwann.— It bas been suggested to me to ask that the Convention permit me to make an amendment in the fore- going resolution. _ It is to include some of the newspapers: of Kentucky and Tennes*ee tn the list of those ia which the \ proceedings are to be publisbed. | “The amendment was adopted by genoral consent. Pocornogs gga ap tea | adalah Tho Prosiuents of the several railroads represented here few years Das worked a great change in this re- pledged themsel es in bob ulfof their respestive companies | spect. a brick house 18 how considered uniit for any bat to pay their due proportion of the amount necessary to de fray the expenses of the commissioner. me disouseion arose as to the mode by which the money was to be collected, or, more properly, the source whore it shovld concentrate. It was at length agreed that Jobn R MeDaniel, Paq.,ebould act as treasurer. Col. Taos. L. Paeston delivered @ handsome address, in which be set forth the advantages derived from tho rail road copnectinns recently formed between this region aad the East. Ile described in very eloquent language tho happy social intercourses protuced from these facilities Detween the pesp'c of the different sections of tbe State, who had h¢retefore lived ia almosi entire ignorance of the hobits, manners and feelings of cach other. He concluted offerir g & cordial welcome te those who were preseat. je extenced an tnvitation to several mombors of the Con- ‘yeotion to visit the celebrated salt works of which he was Proprietor aad many, [au informed, willavall themsolves Small retail trailickers, and rents of from five to twelve The orec- tion of splendid brown stone stores was commenced about fifteen years since; but more recently massive iron or beautiful white marble buildings have beoa all the rago, until the city below Chambers street is a wilderness of elegant and costly stores. THE FLUCTUATIONS IN THE PRICE OF REAL ESTATE. Although in the aggregate the price of property has boon greatly enhanced in this city, etill there are spots ‘where it has stood etiil, aad others, again, where property has fallen considerably. jard movement of basi. ess towards the cevtre has already deprociated the value of propor- ty ip the First ward, and it is not only posaibls, Dut inevitable, that real extate in the lower point of Man batian Island will yet be quoted very low compared with ra vigg obtained for property in the centre of busiacas Tt has been noted that sales of property in Broad- way, below Wall street, have brought lower prices than ‘were obtained for it ive years since, All that pocton of down town lying between Maiden lane and the Battery, on the east side, has been aifected injuriously by the movement of business towards the wost side and farther uptown. Capitalists are unwilling to invert ia property Colonel Pasetox offered a resolution that in ease the Con vention should again be convoked by the President, it ad: journa to meet again in Norfolk. It was adopted. Mr. Imaxe then mo red that the Conven joa 5 ‘The I’reeident, Mr. Mallory, put the question, but bofore #nbouvecing the vote, he returned thanks for the compli- imert pa'd Bim in the résolution just adopted. ‘Un th « morning news reached here by telegraph that a | cast of, and below William street, as it seems impossible to Wm. MoGee, a member of the Peters. | tuggest any improvement that will enhance the price of enUeusan Bai Surg delegation, waa killed near Liberty, twenty fire miles weat of Lyuchburg, by falling between the cars in an effort to step on the platiorm while they were in motion. He died in fifieen minutes after the accident, ‘The delegation thereupon returned. bsp en ed caeed, eaten of resolutions in rela- Hon to nD which were unanimously adopted. ‘The Convention then a4jourued. Ove ov THe Mau, Rovrgs—The Wausau Central Wisconsin <4 “be i om gives te Setewing sqovent 6 ene of tee mail = 5 roates er supervi: our office - . teOntoungée the inal! whlch has Leow apa ——— tonagon wi accum lated juris the Tet ‘Unree months, staried with it en Saturday last Property’ below Cortlandt street, nd running from There was about twelve bushels of it, which made a yery | Greenwich street und the river, bas also depreciated in gooe load for birch bark canoe. He em; ‘but one | value very much, dae to the removal up town of the Tan io assist him, atd iniends to carry it in bis canos to woalthy people who formerly resided in Greenwich street bs ye lake, ® dislance from here of nearly one hundred | and lt environs. This once fashionable quarter is now sixty miles, Several portages will have to be made | & Rue St. Antoine, waere the streets are filled with gar on the way, cne of which (at Grandfa her Bail Falls, is ind the least reputable class of our population dwells pearly two miles, Tis canoe ts very light, boing ouly ‘aa we pass upon the North river side we dad decent “ back load” for one man. At Eagle lake he de- that @ wonderful change has taken place within a few sighs hiding it in the woods from the Indians, and using it | yeare. The Third ward was once filled with private on his returr; but as it will be no easy trick to it | fesidences, and about the year 1845 a lot of 25100 securely from the * ‘eye’ of the red man, wo | feet could bo bought in Warren, Murray, or predict that many & warrior and “load of pappooses’’ street, for from seven to nine thousand will ride in it before he ees it again, From Kagle lake ve and thirty thousand dollars is now ‘and the lucky owners of real os ¥o far the dry goods trafic has only reached Reade street, but it seems inevitable that the Fifth ward above that point will be equally valuable, Owners of real cstate $15,000 to 620/000 per lot-aa ey know that tho upward to $20, as ow upwar pad) of commerce will ‘oon aul their strosts with costly piles. The movements of tra fo has had a moral in- fluence also, as it has almost entirely depopulated Church street, once noted for its of prostitution, and rea. dered eimilar ostablishments in Leonard stroet so unpre. an han a ten compelied to move where. Property ta the Righth and Ninth wards, aboro Casal street and west of Broadway, has advanced at the rate of about one per cont » year, ani it ie a doubtful matter ‘whether any great impetus will be given to ‘he price of thia property for years to come, vnless indeed 4reene street should be widened and rundown to the Battery, and Broome street widened and extented to the Norb river as it Is propoved to do. Were Groene street widened it would make a epiendid avenue, and it may be that the requirementa of commerce will compel the city authorities to make this important Improvement. Bot no #, let us return to the eastside again. The Fourth ward and the Second ward near the river, bave long been considered na containing the mort stationary property in the city. For twen y years the price of property bas not varied mach, and were it not for the improveme rte of the past year ‘and those contemplated this year, it is fair to presume that it would have remained twenty years longer in the same sluggish condition. The extension of the they will carry the mail on their backs, a distance of about vixty miles, Orer the ridge that ecparates the Missirsippl waters from those of the St. Lawrence to the Ontonagoa river, waere ov Soar caer sort of a raft, upon w y will go down river to vill Tlstance of about thirty-five miles, ‘He calesiaien thet 8 will require about three weeks to perform the trip—two ‘or going, ad one for returning. As the curreat in the Wisconsin river is now very strong the greater part of two wooks will be required to get w Eagle lake, —_—_——____. Bowmen Travet.—From present appearances an op asvally email number of fa mihes propose t> leave the city this summer for the country or tho seashore resoris Thore are two principal reasove for this course; the main one is that fow atthe prosent time feel like meeting the eat expenses of a Change of residence, The spri as been £0 poor, and the business of our citizens has in eo many cares resulted in such heavy losses withia the inst two years, which fact, taken In convection with the #reat expenses of living at the preseat time, leads many to adopt rchemes Jor the reductioa of their expenditures, The number of porsens who feel able to bear the expenses of & eumMer sojourn, together with the cost of keepiag open their city reeidences, which in many casos haa to be done to a certain extent, js very limited, Another reavon ja this, that many persons, and families, after the expe- rienee of several yearr, bave come to this conclusion, viz that if (hey want to be comfortable during the very brief “hot term,’ they must remain at home. of our live in airy and pleasant quarters of the city, with houses containing spacious and commodious apart mente furnished with fine bathing arrangements, and all | Bowery to Pearl strect, and the opening of Chambers ‘other conveniences for themselves and children, ‘are not | street to the river, will have the effect of enhancing pro willing, year after year, to greatly incommode themrolves | perty in the Fourth ward twenty per cont, and porhape for the sake of fashion and gentility, To live in confusion | more, within two me, discomfort for six or eight weeks, and pay most extra- Property in the , Eleventh and Thirteenth warda yagant bills for so doing, is pot ploasant. ‘o shall there | has advanced but very little in price within the last ten } «of ——s ‘te0 but lintlo =n travol from this city Gm nor be” y ole tos 4 4 increase for yoara year, in comparison former ecasens.—Boson ome. m somewhere, and Transcript, June 6. With We increase of popwfton nad Taxury Woy wil toe increase in numbers, The destiny of all the east side of the island geome to be as an abiding place for the poor. They must dwell somewhere, and all the movements of real estate Seem to paint out the east side as their future Rapk of Commere? Bank of New York Contivental Bavk home The Fourth, Fifth, Sixth, aud Fourteenth wards, are | Union Bank.. fast losing their inhabitants, who are crowding qowards American Excbas ne the Hook, nr he east % ‘migrants Bank. and densely populating the eastern war Rmigranty Saving When the movement of population up towa commenced, some years since, an effort was made to make the neigh- borhood of Tompkins square and Second avenue fashion able, and large numbers of wealthy people eettled in that partol thecity, For atime property rated high, but it was seon seen that poorer people began to settle around the square, and to sporeach ‘upon the Firat and Sooond w 8. Property ently fallen in price, and houses that sold for $12,000 in’ 1802 cau be bought for $8,000 in 1867. ‘Broad ay, between Canal street and Union park, is 4e3- Uned to be the most valuable property in the city, if it not so already. On this great thoroughfare are situal all our leading hotel and theatres, and the retail dry goods trade must yet find its way there. We have thus taken a cur: view of down town pro- perty; and on striking an we will find that real cotals ba not aavaniod & great deal, as an onnapcoment price in one quarter 18 accompanied by a d jon in another quarter, yi — TNORBASE IN THE PRICK OF UPTOWN PROPEBTY. Itis up town, “above Bieecker,"’ that we eee ths mar- vellous enhancement in the price of city property. Ln 1636 lots cold in Union equare for $1,000; Xhey, how are worth $16,060; groand on Madison square which was with difticulty old in 1836 for $100, is pow selling at $10,000 avd $12,000. But the greatess enhancement has boon in Fifth avenue property, which bas run abeud at an incredible pace, and distances enythiug of the kind on record. In 1849 Mr, Isaac Lawrence bought severai lot at the corner of Fifth avenue and Thirty. | fourth street for f10m $600 to $650 cach. This 6a ne property now sells readily for $12,000 and $14,000 per lot. A fow days since the Mildoberger e-tate in Fifth avenue, bo- tween Twenty eecond and Twenty-third stroots, was sold, and brought $16,000 per lot of 26x100 feet. Btweon For- lieth and Sixticth street, lois in Fifth avenue are worth from $8,000 to $10,000; while opposite the Central Park they range from $2,000 to $5,000 per lot, and are des- tined at no distant day, provided the Central Park is pro- ly luid out, to ecll as bigh as any property now in tho upper wards that is devoted to private resieuces. ‘On Madison avenue lots sell for one-third leas than on Fifth avenue. To show how lots sell on the principal ave: ues, we give some extracts (rom recent cal Lot 2d avenue, near 20th street. Tot 3d avenue, near 76th atreet. Lot 3d avenue, near 118th stree! Lot corner of 3d avenue and 128th Lot corner of Lexington avenve and 28th st Lotcorner of 4th avenue and 59th street. Lot southeast corner of 4th avenue and 1 Lot portheast corner of 4ih avenue and 12ith street. Lot corner of 4th avenue snd 130th street. . Lot corner of Sth avenue and 22d strect, Lot corner of 5th avenue and 24th street. Lot corner of 5th avenue and 41st street Wiliam B. Astor’ Amos R. Eanes’ Hotel. Isaac Townsend's Hotel Schuroman Halstead, OTHER PUSLIO BUILDINGS. Columbia College, Fifth avenuc Half Orphan Asylum, Tompkins Market, Wood's new thent American Expre 6 Astor Library Ext sion, Peter Cooper's “Upion”” New York Siants Zeitun; Now Haven Railroad depot. STORES AND WAREHOUSES. Stewart’s enlargement....... J J. Phelps, (tite of Taborpacie)........ Brooks Bros, way and Grand strect., Wallis & Coucklin, No. 614 Broadway......+ Henry Mason, Broadway and Fourth street Thomas Hunt, Park place.... Soofford & Tilestov, Park place . Thomas slocomb, two stores. . 8. D. Babcock, College place, . Amos M. Lyon, Warren atreet.... Cary Buildings, Chambers street. . Fight other gtoree in same ttreet. ..... David B. Fearing, Reade and Church streets, William G. Lane & Co........ Judge Roosevelt, Park plac: ee N. A. &G. H. Witthans, Exchange place.. Asher Kuraheldt, three stores in Walker strect — Ia Court, Walker strect......... abner ély, two stores, Walker stroot » Judge Vanderpool, College place. . Moces H. Grinnell, College place... — Fwmett, Gold and Bockman sirects — Hyatt, Canal strcet........ Sturgis & Bennett, Front streot . Bowery extension improvements. Phy fe & Jackson, 706 Broadway J Leconte, Dey s'reet...... William C. Walker, Barclay Improvements in Warren streot Jot Sth avenve, te Central park 5,000 eee TET IOeTOO SIE [ot corner of Broadway and 12ist strcoi a); . Lot 6th avenue and 424 street. 8,000 PRIVATE RRSIDEN Lot 6th avenue and 54th stree 2/360 | Lispenard Stewart, Fifth avenue Lot corner of 7th avenue and 1 4,750 | — Hendricks, do. Lot 7th avenue and 26th street, adjoining 4,286 | Auguste Belinont, do. Lot 6th avenue and 63d street, 22x88, 8,500 | A. ‘anfield, do. Lot 8th avenue and 62d wtreet..... 4850 | — Cartwright, do. Lot 8th avenue and 1:4th streo! 820 | J.B. Pintor, | ao WHAT AVENUE WILL BE THE BROADWAY OF UP TOWN. | Warren Deman, two houses, do H ‘The accumulation of population in the upper end of the | 7 iy Burton oS ; island will necesearily induce @ large retail trafic |“ pepoon, ” = H in come one of the ayenues—which one ii is as yet impos- | yy Peckham, Pr & sible to determine. The Fighth avenie has already @ | game party, (wo houses adjoini 10 com: large number of stores, and will doubtless alw: mand a fair share of the business of the west side. same fact is true of the Third avenue on the east side; b itis evident that some one of the more central avenues will be the great artery through which the currents of Ten other new buildings on sameavenue...... Messrs. Schermerhorn, two houses, 234 treet. Franeis B, Catitng, T eenty third street Nicholas Ludlom, Twenty third street H. Wood, Twenty-third street traffic will dow. Stouton, Thirty fourth street ‘The Fourth avenue is cligibly situated for absorbing the | Francis’ Johnson, Twenty-six heavy retail trade of up town; but unfortunately for pro- | © 4y Tucker, 4 houses, 32d and B3d rT rty bolders, the depots of the Hariom aud New Haven Railroad companies being situated in that avenue, and the steam cars above Thirty-iirat street, will prevent any such consummation, This avenue will be noted for ite fine churches, but it is questionable whother it will ever be ch of a business re. By come Broadway will hold tts own Washington Smith, Righth avenue J. Fitner, Forty-recond street John H,’Sberwood, Madison a a Wm. A. Bloodgood, Twenty fifth street. —— Cooper, Twenty-fifth strest.... Other private residences up town, say wweomeSwewees lat By some it is supposed that to {ts termination, and continue up town what it is now for ie ae ioe sc the lower part of the city ; and this may be to, asretail | T+ trade has a tendency to run in continuous chanvels. Bat | there are thore who believe that Fifth avenue—that boly ; New churches. of holies to the fashionable world—will in some future day Banks be resonant with the clat gor of traffic, and that its prince- ly palaces will be converted into busy stores. The avenue | Public buildings. id about, the ceutre of the island, Zod already has one | Stores warebt b hetel—the Beereeri—end ot Wi BR apd Private residences... one of the most itcent wort Cees of ere-tion for Amma R. Eno. Mr, Eno also purposes Grand total, to build a fine restaurant on the gore lot at the corner of Fifth avenue and Broadway. Another fact is noticed— Turon Fifth avenue below Twenty-third street are for | rare Farns yor 1867—The following £ leas saleable now than they were five years since, and will | agricultural eocietios have designated the time fer ba not bring within $3,000 of the same they did then. | (heir exibitions:— ' Fashionable are crowding up the avenue, aud very | Indiana—At Indianapolis, October 4 to 10 inclusive. soon the lots the Central Park will’ be all the Penneyivatia-Soptembsr 20, 0, and Lan rage. As toon as lots below Twenty-third strect New York—At Buffalo, Ootover 6, 7, 8 and 9. for private Tesidonoes, it ia | Obio—at Cincinnatl, September 18, 10, 17 and more than likely that storekeepers may commonce | Fast Tennessco—At Knoxville, October ‘and let a few @ stores be erected inthe | Tiinois—At Peoria, September 21, 22, 23 and avenue, and its prestige aa a fas nionable quartier s gone | Jowa—At Muscatine, October 6, 7, ver. At Toore only then remains the Sixth avenue; but as thie | yervaced: October 21, 23, 28, 24 an dees not rum up to the end of the island it can never be At Boston, Ostober 21, 22, 23 and 3 be leading business avenue of up town. New Hampebire—At United States NEW YORK ISLAND COVERED WITH BUILDINGS WITHIN ber 1, 2, TWENTY YRARS. = 12, By reference oe ay ony yd ntion Se bare pm » September 30 and Une ven above, it, wil seen that the number of tobabitant fn York more than doubles every fifteen ,con- | Virginie —October 28, 20, 30 and 31. Niently: it in but fair to presume thai in 1870 Now Work | West Tennessee—At Jackson, October 27, 28, 29 az will covor twice the area of ground it did in 1855. There | Canada East—At Montreal, Septemper 16, 11 and 18 ig no reason for believing that any check will be put upon the increaze of population, but rather tha: there are causes at work which will caae a greater impetus to its increase than was ever before known. Heretofore, as the business of the city increased, popula- tion found vent in Brooklyn, Williamsburg, Jorsey City ‘and Staten Island; but now these places have been built up for miles beyond the ferries, and it is as difficult to obtain habitations as on the Island; consequently up town lots are coming more into the market. ‘ihe city railroads, too, bave brought the upper end of the Island tend er the business of the city, and the inducements for set- tling above Fortieth street are becoming —_s every day. Teal estate speculators tell us that pop ulation advances up the Island at the rate of three streots per year. That has been aboat the ratio for the last ive ears. : As there are 64 lots in a block, snd there are 12 avenues across the Telaad, it follows that 2,04 lots are built upen every year, Fortieth street is about the centro of tho Teland, and it Is estimated that thero are vacant lots enough below Forty,€fth stroet to nccommodate all the ‘houses en di . Beart disease, valrula Rip, disease of, ‘cough. Tuflammation of Inflammation of liver. , t i built. above that point, If, thero- ‘ere, wishreo™ atraets” per year are built — + 1 Inflammation of lungs upon, Harlem will be reached in twenty tive Cas ‘ties by . 1 Infammation of stoma years. But this estimate is far too low, the Csatral ua'ties by injurytothe Inflammation of womb Park and the Reservoirs take? away about one-ixth of | -,*hine.««. see 1 Intemy the lots from the upper end of the Island, and besides, with the increased population, the ratio of increase in the lota built upon will be proportiorably ipcreased. The ful- owing table will Give an estimate: — Year. Population. Houses Built. 1887 300, 850 1843 450,00 1,820 1867 660,000 2, 1807. , ‘500 These estimates will found less than he truth, but thoy give us the assurance that before twenty years there will scarcely be a spot of unimproved ground between the Battery and Harlem. Lt us recapitulate the proofs Population doubles every fifteen dash 00 this Island. More than half the available ground of the Island is alroaly improved. Consequently, in fifteen years there wili be but few lots pot built upon. Debility, Delirium tremens Dropey Dropey in the bend , THE FUTURE OF NEW YORK, (oo haope From this It will be seen what a splendid destiny awalte New York. In tew years our population will bave reached & milion and our Wealth will bave proporiivuntely in creased. Every new developement of trade—the canals that are dag, the railroads throughout the vast extent of this couatry—all add to the wealth, poyulation ‘and importance of ibis great metropolis. Now York ts ‘entering upon the carcer of a great city that will yet take its place in history with Tyre, Rome, Venice and Loudon. Should it noi be (he ambition of its citizens to make it worthy its high deauny? REAL ESTATE SPECULATIONS OF THIS YEAR. The real estate sales at the Merchants’ Exchange have been active this year, but the sum total ia not much la-gor than last year. wate sales, however, are known to be much beavior than usual. The followl io gives @ comparative statement of the sales at the a’ Ex change for the last two years:— GALRS OF REAL ESTATE POR CORRESPONDING WEEKS IN 1856 AND 1857. Jan. 6, $186,061 «ag BAL 186 19, 26, me 8 ‘wore from Violeat caasan, 20m. Undor +127 80 to 40 years, lto + 43 40 0 60 years. ato « 47 Ww 00 years. 6 to + 18 60 10 70 years. Bie oF toto pears 20to + 12 90 to 100 years Bo + 21 Unknown Total es oo eo 88,591,621 It is roughly estimated by anctioneers that ten private sales take place to one public sale; and if this proportion is true, $80,000,000 must have changed hands in the last fro ss - Ls great | boon gt ‘ery recently a Impetus bas ven to the a= 9 of Lota in the Feighborbood of the Central Park, and ut very fow are for sale, while holders expect to realize argely by them at some future time. THR NEW BUILDINGS. Tn conclusion, we give a tabular list of (he new churches, banks, hotels, public edifices and private residences that have ‘alroady been described in these columns, From thie resumé it will be aeon that over $10,000,000 has boon invested in new buildings: onrnones, St. John’s Cathedral, (Roman Cathotic,) th ave. $1,000,000 Rrick Charch, (Preebyterian,» Fifth avenue... 160,000 New Dutch Reformed, 5th ave. and 43th at bhed Methodist church, 4th ave, and 22d et. bated New Tabernacle, Broadway and 34th et.. oe Roman Ca‘holic church in 28d at,, near 4th ave 000 Mu Hill Preaby terian church, 4th . 60,000 New ‘not 000 28! 90,000