The New York Herald Newspaper, April 27, 1874, Page 3

& ~ SUMMER RESORTS. ‘The Prospects of tho Summer Season at the Watering Places. MAE 0 What They Are Doing at Rewport, Long Branch, Saratoga aud Cape May. The Season Opens on the 1st of June. ‘The very disagrceaple’ and gloomy weather of ‘the past month, though certainly not of a nature that would encourage an early move to a summer resort, does not sppear to intimidate the pro- wgreaaive action of the public caterers, as even at this carly ge#e they are making active prepara- tions, The European exodus has alresdy com- menced, an@ every Sawurday some six or seven Steamers leave this port, carrying nearly a thous- and passengers bound for a summer’s recreation avroad. A large number of our citizens that are Bown the habit of going across the water every summer do so merely because they find tt can be done for the same money that it would cost them to pass tiie season at one of our fashionable water- img places. A party of four can go to Europe and be apsent for three or four months and do ths trip comfortably for $3,000, imciuding passage money and all expenses, Nowi{ the same party were to patronize one of ‘our fashionab!e watering place hotels and wished to have first class accommodations, they would * Mind that it could not be done much under $1,000 per month. There was some talk about a monty ago to the effect that the leading hotel proprietors imtended to make a reduction in prices this season, anda statement was also publicly made that $3 per day would be the regular tarif. There was, however, no foundation to the story, as it was im- mediately contradicted, and an announcement madethat prices would be the same as usual. Things however do not appear to bo quite as bad as that, as some of the hotel proprietors in- tend to offer advantageous terms to permanent boarders, and also to grade their prices according to the location of rooms, If tne latter idea 1a faithfally carried out it will be a move for the better, and will bencit a class known to hotel [ clerks as single gentlemen, and who, immediately | ‘nu arrival, are located in a top garret and charged $5 per diem, while others pay the same price for accommodations on the parlor foor. Hotel proprietors generally complain that they mever have much more than six weeks’ season at the fashionabie watering places, aad that conse- quentiy they are compeiled to charge high prices in order to pay their expenses, If they adopt another line of policy, and offer advantageous terms, ata | Jair rate, to boarders for three months or longer, they would probably find it pay better than-the six weeks rusi at high prices. There are numbers @f familles that would pass three or four months every year at some fasbionable resort, if they could board at 4 first class hotel for $3 per diem. There are, probably, many hotels that would ac- commodate them at that figure during the months of June and September, but would not contract for the four months, as they calculate on full housea at $5 perdicm during the latter part of July and the month of August. There is where the proprietor and the boarder cannot agree, as the Jatier, alter passing through the dull month, wishes his family to have tue full benefit o! the fashionable rush and the attendant gaieties. ‘The prospects this year ol a good season appear to be promising, and many o1 the hotel proprietors have ajready ie; some of their best suits ior the months of July and August. Saratoga ts jubilant over the college regatia, as it will give a week’s good busincss in what has always been rather a @ull season, The Ocean House people at Newport @iso cxpect rather livelier times, having no oppo- ition this season, a8 the Atlanyic flotel will not we opened. Long Branch also anticipates good -Dusmess, and hotel proprictors intend making an effort early in the season to procure permanent boarders, even if they have to offer their rooms at & considerabie reduction from their usualrates. There has aiso been considerable ac- tivity at Sharon Springs, Lebanon Springs, the Catskill and White Mountains, on the Hudson, New London, Stonington, Watch Hill, New Ro- ehelle, Glencove, Whitestone, and the thousand md one other resorts for tne pleasure-seeking multitude. NRWPoRT ig one of those resorts that 18 probably less affected by financial panics than any otRer watering piace, a8 it 18 par exoeuence the summer home Of the moneyed aristocracy of the country. It does not depend upon the transient boarders that fit around during the warm season irom place v0 place, as experience has sbown that where is rarely sufficient business to support one Grst class potel. The residents of Newport, for the most part, own their own cottages, move there early and leave late alter passing the season among themselves in the most refined and exciusive su- that can be found at any summer rexort. vu the past few years there have been many improvements accomplished at Newport, and now the drive down Ocean avenue towards Bateman’s is lined tor miles with the handsomest summer mansions in the country. | This year there will be a very tull representation of the cottagers, as reai es- tate men report that there are hardly as many resi- dences to let as usual. Those that are offered vary m price irom $600 to $4,000, accordiug to accom- modations and location. There appears 10 be con- aiderable demand for the smaller cottages that are olfcred at reasonable rents, and one real estate agent said the other day, that he could rent twenty cottages, containing seven or elght rooms, at iran $100 to $1,200. ‘The cliff cottages are in great demand and are all taken, with two oxcep- tions, Tue Ocean Hoase, one of the most comfort- able watering place hotels in the country, mill be rau this year by Messrs. Weaver and Bates. They Will have the feild all to themselves, as the Atlantic House will not be opened. The Ocean House will be opened about the ist of June and iw now being thoroughly everhauied. The proprietors intend next monta to put some new furniture in a@ portion oi the house and briguten up things ey, for opening day. They anticipate a very lively season, as all their rooms on the second floor, with the excep- tion of one suit, have been secured already by wome oi their regular boarders. The season at the nh House rarely commences much detore the st of July, although there are a good many Doarders in the house during June. Some of the cottagers have already arrived, and a large num- ber will be comfortably installed jor the summer before the 16th of May. SARATOGA promises this year to have one of the gayest seasons that they bave known ior a long time, and tue hotel proprietors are jubilant, anticipating iull houses auring July and August. There will ve lenty of amusement this year at Saratoga, and it been distributed with a view to securing at least six weeks’ good hotel business. The great attraction of whe season willbe the College Re- atts, commencing on pe 18, and lasting the ‘week, The regatta will be followed by the races, wuich will be kept up until August 20. There have ‘not been any very extensive improvements made an Saratoga this year, but there is some talk uo! 4 steam railroad from Broadway the lake. it is at present uncertain who will ran ail The hotels this season, as the Grand Central ana the St, James are stil in the market without a tenant. ‘he Grand Umon has been thoroughly ‘Overnauied, and is to be newly furnished. [t wil ‘be opened on the ist of June by the proprietors, Messrs. Breslin, Purcell & Co., and Landers has been e d to furnish the mnsic. Mr. Bresiin Teports that the prospects are good for business im daly and August and thav he expects lively tumes during the College Regatta week. He also in wends grading his prices according to the lo- vation oi rooms, so that the boarder on story will not have to pay . isoee ce Le three a number of rooms have already been engened, and Mr. Breslin will oe in Saratoga on and uiter the 10th of May to personally superintend tne preparations for open- apg. Congress Hall will be opened on the 1st of dune under the management of Messrs. Hathorn # Southgate, and Beirnstein’s band has been en- waged for the seasun. The house is now being en- urely renovated, and will present quite a iresh appearance on opening day. The new United States Hotei will be opened this season on the 1st ot June by Messrs. Tompkins, Atusworth & Uo., and they anticipate good business, The Clarendon will ve opencd as usaal by its owner, Charies E, Leland, and wiil be occupied by @ large number of their old guests, The Clarendon ia one Of the most popular hotels in Saratoga and does @ quiet and select business, Among those that have'already secured rooms in the Ularendon are Mr. and Mrs. Charles O’Conor, My. G. W. Pell ana jamily, Dr. ory and family and Mr. 0. D. munn and family. The house will be opened on the ist of Jane, A number of smalier houses will alxo be opened, and it is estimated that there will be pleaty of accommodation, even during the rush that is expected during tne regatta week. LONG BRANCH is, perhaps, the Most oopulay seaside resort that cs { | | | cleaning up and | it came into the hands of the Lelan E 33 ze g : < s) haa durin; few won wi find serena Ww avenues, have graded and ee There have Mt aud reveral of than are uiready lensed. oe Hotels extending from the Kast End to the Weat ud ni in Recs sr) tions for opening on ‘the Ist of nthe West & Juni e Weat End Hotel will be run this season by idreth & Co., ana will be entirely ren- ovated and partially returnished, It has weve bean @ very select and well Kept house, and the prietors anticipate an early and good season. Ocean House will be opened on the lst of June by the well kuown Charlies & Warren Leland, an they aro now at work preparing the house for ita summer residents, The Ucean has always been the moat popular house at the Branch, ane ree en kept in first class style. They intend this year to put in a large quantity of new iurniture and make several parent alterations with a view to the comfort of their guests, The Howland House will be ran this year by the same mai men t— Henry Howland & Son—that have been there ever since Long Branch became a popular seaside re- sort, Several additions have been made to the house, and itt will be opened in first class order on the Ist of June. Several suites of apartments have already been secured by prominent residents of Philadeipnia, The Mansion House, run by Measrs, Mcintyre; the Metropolitan, by Mr. Cooper; the Cooper Cottage, by Barton ‘& Tauchs, will all be ready ior guests about the Ist of June, Mr. Barton, of the Cooper Cottage, is putting up avery handsome bathing establisnment near the Metropolitan Hotel that will pe ound a great convenience to in- valids and others that do not to rough it in the surf, A small place of a1 ment called the ‘Tnearre Comique has also be hg buiit in the villi adjoining the Sans Souci Hotel. New Yorkers Ww! still have to go to Long Braneh via acre Hook, as the New York and Long Branch Railroad will hardly be finished this season, CAPE MAY, the great summer resort o! the residents of Phila- Gelphts, anticipates @ brisk season this year and the real estate agents have received quite a fivel demand for cottages. One 1a) cottage, locate near Congress Hall, was rented last week lor $2,500 | sor the season, and, in consequence of the demand, rents are pretty nigh. Colonel Charles Duity has commenced getting the Stockton House in order, and has an army of mechanics busy carrying out bis instructions. The Stockton is a remarkably Pleasant seaside hotel, having comfortable Tooms, neatly and well furnisied. Dodwortn’s Band, trom the Walnut Street has ‘been engaged for Duty will open tne on the 1st of June. Congress Hall, the fashionable hotel that was patronized isst year by the cele- brated Lord Massey, will be opened on the ist of June by Colonel Thumas Cake, of Willard’s Hotel, ‘Washington. Hassler's Band’ has been engaged for the season and will give rhoon concerts on the lawn attached to the hotel. The Co- | lumbia House will be opened by Mr. George F, Bolton about the 1st of June, and a nomber of the smaller houses will also open about the same time. The residents of Cape May intend to in- vite the New York Yacht Ciub to visit them this season to sail ‘or a cup valued at $2,600. Mr. Duffy, ofthe Stockton House, intends to give a bail 10 honor of the occasion. ‘The numerous other watering places and sea- side resorts scattered around the country Dave all commenced their preparations for the coming season, At Atiantic City the different hotels are prepariug for their summer guests, The Gregory Hvuse, at Lake Mahopac, | will be opened this season by Mr. Crittenden, who i ! | t | anticipates a very busy time. Rooms nave alieady been engaged at his house by & namber of promi- nent New Yorkers, At Schooley’s Mountain, New Jersey, the Heath House ani both be opened early in June. The Norwood Hotel, Bergen, N. J., will be opened ttis season by Mr. S..N. Bierce. This hovel is within one hour’s ride of the city and will open t the middie of next month. ‘he Palisade intain House, on the Hudson, kept last season by Cozzens, will be opened on the 15th of May hy D. 5. Hammond, ‘The Leland Hotel, on Schroon Lake, Adirondacks, will be opeved next montit by H. b. Lelena, = 'Th White Sulphur Spring House, Cairo, N. Y., will be opened on tue ist of June, by Walker N. Lennon. The Murray House, Clarendon Sprin; Vt., @ very pleasant summer resort, will be opene this year on the 1st of June, ata uniform rate of $260 per day. The Mansion House, Williamstown, Mass., in the vicinity of Mount Williams and Mount Audoben, will be open ed next month tor summer visitors, Tne Cooper House, at Cooperstown, N. Y., kept by Coleman & Maxwell, does not open ‘until June 24. At Niagara Falts the proprietor of the International Hall has reduced terms and offers to take board:rs for six weeks or longer at $17 50 per week. the Fr eh ory mall hotels scattered along the banks 0! ie Hudson, the shores of Long Isiand and the Sound, and in the mountains of the upper part of this State, are all preparing for the summer harvest and will be opened to the pubiic about the 186 of June. An omnibus will ply between Round Lake and Baliston. ‘The Mount Prospect House, Montclair, N. J., will | open May 1. The Lawton House, at Stone Bridge, near New- port, will open Jane 1. St. Mark's Hotel, New Brighton, S. L, will open May 9. De Camp and Jobnson are the managers, ‘The s@ason at Long Branch will open about Jéne 15, when the President is expected to arrive | there. ‘The Ocean House, Cape May, tnis year will be managed by Robert L. Tice, formerly of the Tice House. The Lake George hotela will open earlier than usual. May and June are delightiul months in that region. West Point is most atiractive in June and Sep- tember. In midsummer the piece is hot and very monotonous, Bernstcin’s Band goes to Congress Hall, Saratoga, in July, A series ot novel musieat entertainments are projected. Dr. G. Reno, of Titusville, Pa., will superintend the Watkios Magnetic and Sulpuur Springs House, at Watkins Glen. The rumor that Edward %ozzens will retire from Cozzens’ Hotel, West Point, is denied. There is too much money in that resort. The Larktn House, at Watch Hill, R. 1., will be formally opened early in Jaly. Already a large umber of rooms have been engaged. Manchester, Vt., one of the most beautiful localt ties in America, has a fine hotel, and a long list of first class and rather aristocratic patrons, Ocean avenue, from Sea View avenue to the West Enc Hotel, Long Branch, is bemg ploughed up and graded, 1t will be vastly improved, ‘The Palisade Mountain House will be opened on the 16th of May. It is a fine poiut for New Yorkers to spend a sultry night after'‘a busy day in the city. ‘The Heath Touse will open about June 10, J. Warren Coleman, who kept this resort at Schooley’s Mountain last year will again welcome his old patrons, Coionel Spencer's Unlans, of the National Guard, talk of following Parsou Murray into the Adiron- dacks, A supply of lager and “sweltzer kase’’ will precede them if they emigrate, Many of the proprierors and agents of the va- rious summer resorts are now located at the New York hotels, letting rooms for such of our people as patronize them during tie heated term, North Conway, N. ., will continue to be popular so long a8 Thompson's smiling face is found there to welcome the tourist. Unfortunately the Port- land and Ogdensburg Rallroad, by which it is reuched, isa one horse affair, with not enough energy to make travellers comfortabie, Niagara Fails is still under & cloud, and hotel pro- prietors and lack beats will@ave to give bonds not to swindle the public ere confidence will be restored, It will do for Camadian Sunday school excursionists to visit, but it is not jor Sam nor his children. Warren Leland, fer whom the great hotel in San Francisco is now being erected, arrived iast week from California, atthe Sturtevant House, with the idea soon of making preparations to open the Ocean Hotel, at Long Branca, with his brother, Charies FE, Leland, ‘The Gregory House, Lake Mahopac, is to be man- aged by Mr, Crittenden, of this city. Among those ‘who have secured rooms are Gardner C. Yvelin, of No. 562 Filth avenue; Henry Paret, of No. 204 Madi- son avenue; Christopher Moller, of No, 149 Madison avenue, and Thomas 8. Kerr, of No, 42 West Fiity- Sixth street. The “Orchard Beach Association,” composed of leading Methodists of New England, are preparing for extensive changes and improvements in their purchase, which is known as “Sea Side Sum- mer Home.” An avenue, seventy fect wide, and some twenty-five new streets will be laid out, a large hote| erected, and a park and pond will add to the attractiveness of the place, Belmont Hall will | | loreciosures of tue last year, and the recent in- REAL ESTATE. Effect in This Market of the Presi- dent’s Recent Veto. The End of the Depression Reached. A NEW MOVEMENT IMMINENT. Initial Sale of the Dawning Sea- son of Fresh Activity. In no department of business activity has the recent veto of President Grant had greater signifi- cance and interest than in the real estate market, Since its publication on Wednesday alternoon last it has been the subject of discussion. exciting at first much opposition from inconsiderate observers of the real condition of the maiket, who failed to | appreciate its full importance or comprehend ita inferential resulta, but gradually gathering higher recognition asthe argument deepened, uniil now there are few who fall to give the President credit for an act becoming the broadest statesmanship, To these few within the market, and to others out- wide of it, the measure of whose understanding is the same, it fe worth while to examine into the | condition of the market at the present time with reference to the causes which produced that con- dition, ana point out THE INFLUENCES RESULTANT PROM THIS VETO, which are certain to operate in the iuture to pro- duce @ change. The money writer of the London Times, ina recent article, most mistakenly made the basis of an alarming despatch over here, drew attention to the fact that financial panica, which were at one time decadal epochs, had most cer- tainly lost that periodical character, and that the clearing out process or recurring settlements, which was betore ten years apart, was now re- peated more jrequently, losing with this repe- tition much of the disastrous consequences that formeriy attended them. The writer then pro- ceeded to illustrate his argument by the assump- tion that the London stock market nad recently gone through a pertoa o: panic without knowledge of that fact, and was really on the road to a healthy recovery, serenely unconscious o! the dan- ger it had passed. There ts a great similarity between the condition of things there represented and our home real estate market. With the Presi- dent’s veto all danger of greater trouble 1s averted, hence we may look calmly at the situa- ton, knowing WE HAVE PASSED THE CRISIS, and learn instruction from surrounding incidents. ‘Thus standing once more on firm ground, resting upon the solid foundation of national faith, nation- al honor and national credit vindicated, and look- ing back over the path we have traversed auring the past two years, we may say that real estate | has indeed passed throngh a panic scarcely know. ing it, @ period of weakness and depression that more than anything else has given proof of its in- herent strength when exposed only to normal conditions, with only such incidental indications as | must inevitably result in all departments of invest- ment, that offer at the same time inducements to speculative activity, which thereby brings in a class, large or small, accurding to circumstances, ‘who, discounting probabilities, must ever come to grief when these probabilities are either over- discounted or prove illusory. Former panics | in real estate are vainable teachers of how much we have gained in substan- tial values since then, They, too, were decadal epochs, and 1827, 87, 47 and 5%, are memorable years in the stories they tell of bank- Tuptcy and ruin, The year 1867 should have marked the recurrence of the ten years reaqjast- ment of values, but at that time all values floated buoyantly, if insecurely, upon AN OCEAN OF TRREDEEMABLE PAPER MONRY. ‘The close of the war had brought about a fresh investment demand, the fortunes that war had created seeking here security from a dreaded evaporation that should be as rapid as was their accumalation. Hence the swelling tide of real entate values swept onward with increasing force, appreciating every foot of soil on this isiand to an extent that sur- prised some of even the boldest operators, and bringing an increased valuation to all the sur- rounding farms of New Jersey, Westchester coanty and Long Island. Then came a pause. A point had been reached beyond which it was not safe to advance. in the exXamination which fol- lowed it was found that such property had passed into the hands of weak holders, who, cartied away by the competition which prevailed to get hold o1 choice lots, had assumed obligations in advance of their ability to sustain them. To push the market up further with this weak spot behind would be dangerous, and there was nothing to do but to wait patiently the certain closing out of these inconsiderate contracts, and the passage into other and stronger nands, able to bear its | burdens of taxes and assessments, of the realty ‘that had thus become a source of uneasiness in the weak hands which then held it. Hence the long interval of comparative quiet now, it may be assumed, so near au end. Hence the numerous | dispositicn of capital to make new investments in real estate except at figures which woulda only be accepted by those compelled to sell, but whicn. while there Was expectation that there were many of such Classe would not be exceeded. It 18 not necessary here to recapitulate the causes which led to the late panic in general business or the consequences it entailed, nor to THE GROWING EVIL EFFECTS OF AN IRREDEEMABLE CURRENCY, not only without prospect of redemption, but broadening into the expectation of fresh issues, with the danger of repudiation as the end, These | influences are too fresh to men’s observation, and the effect upon values of too recent demonstration to require more than mere reference here now that the President’s veto has interposed to remove them; but they are necessary to be borne in mind in order the more cleariy to comprehend the great relief which that act of the President brings to this market. It isanendto an uncertainty. It enables men to say what they could not say before, and dreaded to contempiate when tne time } come to say it, that the, of hae ool | bortom, on it ‘S$ to be expected that We ai iG< v0 rush right mto an active business s@ason such as prevalled four or five yeats ago, nor that we shall have no more fore- Cluzure walt it Will take time to accomplish all this, but capital, which has been awaiting events here as elsewhere beiore seeking permanent {n- Vestment, 1s now released from expectation and | Will gradually seek familiar channels. We mi have more foreclosures and probably will, an Mmunoy weak holders may find that this relief comes too jate to save them; that they cannot wait to Ivel Its eflects. But the foreciosures will not as heretofore of late require the mort, e to be- come the purchaser li he would save hts interest, and the weak noiders may be certain of better prices next jall than they coald have expected this spring. Again there is a great deal of FOKBIGN CAPITAL INVESTED IN NEW YORK REAL KSTATR, largely by way of mortgage. Many of these mort. gages are said to be placed on Wail, Broad and New streets, while property up town has greatly | benefited iu past years by the stimulus it ob- tained under the inquiry 0! foreign investors, The late ex-Emperor Louis Napoleou was reputed a large owner of New York realty, and certainly did OW some Valuable property in wus city. One orm on Pine street derives its largest business irom joreign investors. In view of these facts it is not jdie to assume that the induiry from foreigners will be largely increased in the future, now that the baleiul suadow which of late stood between them and profitable investiment—tbe fear of fresh issues of irredeemable currency—is forever re- moved by President Grant's timely act. Not alone here, bui in every department of our commercial and industtial activity may we expect to find loreigh capital seeking employment, ut here is THE GREATEST OPPORTUNITY ! for the foreigu capitalist. Our own people—that | 18, Many of them—will not be prepared to enter the market yet awhile. Business bas languished too heavily during the past year tor them vo ex- pect muciisurplusirom 1t, and although there ts, of course, 4 great deal of Capital not engaged in busi- neas thut will certainly come in now, yet it is the placing of the year’s profit where it wili be secured yor a rainy day that creates the real activity in real estate, Thus owners will be more willing to make concessions Now, in respect to price, than they, will in the fall, or than they will next spring, aud then again certainly than the spring succecding,. We are just at THR NBAP TIDE OF Bn Ln My A FAIR FLOOD They who take advantage of the opportunity | but, then, not to the extent assumed. | Parliament would likely furnish us with some sug- | Ninéty-fouren, | where, that the President’s veto establishes tne NEW YORK HERALD, MONDAY, APRIL 27, 1874.—TRIPLE SHEET. Row offered them, and bg yt will find the force ot Sbak 8 Blinile realise toe fortune promised them ere any years, Tne present is an opportunity that may not occur again im the iile- time of those who now witness it. The voto of the President ie Only second in importance tn its reia- tion to monetary interests to the actual Hep of tion of specie ‘ments. It is the largest step in thut direction that we have yet taken, and it brings Us face to face with that contingency asa settied purpose, #D end towards which we are always ad- vancing. from which never receding. It must be so regarded in ali juture contracts. The “Act to strengthen the public credit’ was vaiuable in its way 88 giving assurance to joreign bundhoiders that their bonds would be ultimately redeemed in ry but it was only the act of one Congress, = See omaernne wigs NGO, AAA BR ress, it would seen, is quite ca- pable of undoing. Bat the President's veto means that not only shall there be no repudiation, in whole of it part, but no suspicion of it, and that there snali bé as well no trifiiag with the national honor, bat that ing, of 8 own premotion, pledged ttself to a course of honesty and redemp- tion, the nation shall hold to that course at what- ever cost or sacrifice, no matter what lessons of self-deaial may have to be learned anu practiced ; and no departure irom the strict iine o1 integrity will be permitted, or any temporary indulgence of fancied relte! not “nominated tn the bond,” It virtually places COUNTRY ON A SPECIE BASIS, for although, in the ordinary acceptation of that | we will not ve so without resumption, yet | as it erects gold as the standard of vaiue and re- duces greenbacks to the cnaracter ofa mere tem- porary expedient tor the conventence of the do- westic e: io the aveence of cvin as a cir- culating medium, such com to be substituted at the earliest practicable period, it fixes specie as t.e measure of future values, Now this is @ point the fuil significance of whica ought to be appre- | ciated by real estate men. sudden specie Feanap, | tion has ever been regarded by them as exceed. ingly dangerons, provoking as it would | a sharp = shrink of values in wiping out the diffrence. between whe depreciated , paper in whi Values are estimated und apecie. This at thé present time is about tweive | cents on the dollar,.or about one-eight per cent discount. There is, of course, some en in thia, ‘There 18 no evidence that such shrinkage has not already taken place, and that the. depreciation iu convertible value, Which ensued upon the expectation of the inauguration of a reckless policy of inflation, has not been even greater than the existing difference between.coin aud paper. Values at tueir present level could, perhaps, Safely assimilate themselves to the conditions of immediate specte resumption, and cel can do go without disturbance in the |. expectant circumstances of that result in the future, THE CHARACTER OF NEW YORK REAL ESTATE AS | its eminent soundness and saiety der it suf ts eminen' and safety, render it sum- | ctently like gold to remove all tear of distursance | as likely to grow out of specie resumption. ‘There- fore, with such resamption as & certain approach- ing fact however it may be delayed, never again to be lost sight of, it is sae to assume that real estate in New York city, now, at this present writ- ing, bas touched bed rook, the familiar “hard pan’? of money Writers, This being the case its iuture movement must be apprect&tive. Be tt under- stood, however, that these remarks have reler- ence to existing Values, not the value of two years ago, because it Was the valae then, and may or may not be the value now, which since then may have advanced or receded. With these monetary conditions surrounding the market. we snag safely look jor an early § activity bas upon a real understanding of tne merits | o1 real estate as an investment, and an increasing inquiry suggested by its certain revived apprecia- tion. Jt is probably tdo late this spring to expect much, but the Jall is ligely to prove a busy season aud certainly next spring we will douutiess find a | Teminiscence of past periods of excitement. in the interval there ts likely to be consideravie busi- ness done in & quiet way by shrewd capitalists wno | comprehend THE PIVOTAL POINTS OF A MARKET and who wMl be glad to take whatever they can | get hold of at anything like a real concession from jormer prices, The ijollowing paragraph clipped from an ex- change revives interest in @ aubject previousi: discussed here as deserving the attention of dcal- ers in reul estate, it says :— A bul has been introduced in the British Parliament which proposes to establish Courts of Registry, in which any one showing a ttle without a aw may have it reg- istered as absolutely good, so tl in subsequent trans ters thquiry beyond this record will be needless, and tie feaious work of examining soparatety every link in # lonx chain of ditle may be dispensed. with, It will be recollected that the attention of Parlta- ment Was cailed to this subject in the speech from the throne at its assembling, and the question dis- cussed here at some length at that time in its | suggestiveness tous Itis somewhut singular to note that the solution Row offered in the shape of | a bill is precisely that which was reached here in the course of that discussion. ‘THR PRESENT SYSTRM OF REAL ESTATE CONVEYANCING is tedious, cumbersome and expensive, restricting dealings and imposing unnecessary burdens upon transactions, A sim; and more expeditious mode o! ranean, ities would operate to give increased activity to ti ae Market in lessening tie expense of investment, and could certainty, with our simple glodinm tenure, be readily framed aiter the mianner suggested in the above para- graph. as Was before pointed out, somewnat simi- jar in its operation to the transler of United Stutes Tegiatered bonds. The desire of our people for a measure of this Kina, and their apprecia- | tion of its benefits were shown in an effort made during the sovereignty of Boss Tweed at Albany to obtain a charter for a estate loan and trust company, which gave it authority to receive title and in after conveyance transier and aeerenree, it somewhat after this | manner. Whether the charter was obtained or not, nothing of moment has since resulted there- from, This, however, 18 not the sort of guarantee needed. There must be a higher responsibility, such as is proposed in the bill submitted to Pariia- ment. Our Kegistry oMce in this city could by a very simple act be created A COURT OF REGISTRY and given a seal. Adeed once recorded there as containing @ perfect titie mmght be transferred an indetinite number cf times by means of a simple certificate, such @8 represents to the noder of a United States registered bond his claim against the guvernment, When the holder of tnat cer- tificate wishes to dispose of his reziatered bond, so- called, he surrenders his certificate and the pur- chaser takes out @ new one in his own name, The same process could be applied to the transfer of real estate by the certificate of the Court of Registry assigning a certain. decd, the Court taking care when one certificate is sur- rendered and another taken out that all claims in the way of mortgages, Jndgiwents, taxes or assess- ments against the property to be reconveyed are | satisfied or adjusted vetween the parties. In the | case of property being subdivided it might be | necessary to record new deeds; but even then | much time, labor and expense would be saved in | the matter of searcaing titles, and these deeds | would serve until a new subdivision was required. | And then consider the immenge amount ol prop- erty whose subdivision at the present time may be | said to be complete, Of course, it is not proposed \ here to elaborate a periect plan of real estate con- veyancing that would take the place of the present | system; but | THE MATTER I8 ONE DESERVING OF THOUGHTFUL CONSIDERATION, and now that it has been brought up in the Ei lish Parliament, with tt would seem @ fair chance of being iavorably disposed of, it is surely worth examination at least. ‘Ihe text-of the bill before gestions that, being acted upon between now and our next recurring season of activity in the real | estate market, might develop into a plan whica, | rendering the transfer of title less expensive and mo expeditious, would largely stimulate that activity. One of those rare opportunities which present themselves only at intervals, to get hold oi New York real estate, is premised for next (hursday in THE OFFER AT PUBLIC AUCTION OF THE VALUABLE MOTT RESTATE, This proper: Jp the market under circumstances that unite the fullest confidengs, and which will make it in an exceptional seater § | point of reference in all future dealings, being 801 y the referees and executors “by virtue of @ judgment of the Supreme Court and the provisions of the last will of entine Mott, deceased,” satd referees and executors belag Henry A. Mott and Joun Chetwood; with James juade an additional referce. The estate comprises 186 lots, gores and water fronts on = Hudson River, tue Boule- vards, Riverside Drive and Park, Ninety-third, ‘inety-Afth and Ninety-sixth streets, Tenth, Kéventh and ‘twelth avenues. It has been said before here, and will not bé gninsaid else. tact that the real estate market has at last touched bottom, that VALUES HAVE FINALLY REACHED “BED ROCK” and jor the future must only advance. This being the case this initial sale upon the recurring wave of @ new appreciation has a pecuitar sig- nificance. Whatever prices may be ubteined it is sate to assume Will never be lost again, or even reached in any receding movement that may again beret the market, unless the consequence of @ national calamity equal to that which would have wn out of the President's signature of tne Car- rency bill, ‘The title of the late Dr. Mott is stated to have been thus acquired:—By 1uil covenant | warranty deeds, Chg Mey 20, trom Samuel Oak- ley and wile, 1834, bruary 1, irom Thomas D, Carpenter and wife, the property having ever since been occupied by the family of tue Doctor. ‘The water prant, in the usual form, was made to br. Valentine Mott by the Mavor, Aldermen and Commonaity of the city of New York on the 28d day of October, 1852, The grant originally em- braced all the land under water tn front of the premises out to Thirteenth avenue. From the frequent and systematic robberies that are belag committed on Statem island it is evi- dent that an organized band of thieves is oper- ating there. There is no doubt but that they come from New York and as soon as their netari- ous work 1s completed they return to this city. On saturday night the school room of the sisters’ Ro- nan Catholic school was entered and @ iarge num ber of school books and Bibles were stolen, Un the same night the liquor store of Daniel Dinivens, on the Mill was entered, and cli money and liquors to the value of $300 were stolen, A rivate residenve on Davis avenue was also en- ered on the same night and. jewelry, plate aud other valuables to the amount of $700 were car- OUR NEW DOCKS. Revival of the Work on the North River Front. The New Granite Bulkhead Wow Being Built Around Manhattan Isiand—Inspection of the Work by a Herald Reporter—What Has Been Done During the Past Year and the Propositions for the Future. UNDER THE RUSHING RIVER. ‘The season’s work on the public docks has now begun in earnest, The preparations which have been going forward all winter are now quite com- pleted, and the constitution of the department is such as to insure rapid and perfect work. Hereto- fore the smitu and carpenter work, of which there 1a @ great amount, was done by contractors, but now the department makes and repairs its own tools, builds its own forms for making ‘Beton blocks” (which are described and explained below), and erects its own sheds and houses. The officers of | the department are enthusiaatic over the eMciency of their present force of smiths, whom they regard as the fuest body of temperers and torgers in the | city. Their shops turh oat work to procure which | they had previously to go out of town. There ure two yards under the department—one at the foot of Gansevoort street, Nort River, the other foot of Seventeenth street, East River. In the North River yard ali the wood and iron -work is done; and here, too, the immense Beton blocks, which have been @ source of wonderment to those who have seen them, are made. These blocks of artificial stone, which are used’as the sub-struc- ture for the granite bulkheads and piers, are formed on platiorms in the Gansevoort street yard. ‘They weigh (rom ten to fifty-two tons, and are in- destructible, having greater resiating power than solid granite itself. A HBRALD reporter was dc- tallied to examine the process of forming these gi- gantic masses, and tne following are the results of his observations :— MAKING BETON BLOCKS. The ingredients of these blocks are Portland ce- ment, sand and broken stone, such as ia used for Macadam woodways, in the following propor- tions:—One part of Portland cemeut and three of sand to five of the broken stone. The sand and cement are first mixed in the ordi- nary way, and then thrown in upon a jot of stones which are handied until Periectiy mingled with the cement mud, The mix- ture is then wheeled in barrows to the forms— which 100k like boxes, 10 feet by 10 and 12 by 12— and dumped in. Paddlers, with immense pounders, hammer and crush the stone, padding dowa | tightly into the form, which, when filled, ts ! allowed to remain standing three days, after which time the case is removed and the stone stands perfect and solid. As there was no der- | rick im New York capable oi lifting these fifty-two | ton stones, the department had to build one, the most powertul portable machine of its kind ia America, It picks up these great stones, to use | the words of Mr, Stoddard, “like a snipe would a grain of corn.” The longer this composition re- mains in the water the harder it becomes, It is | jess lable to break when brought into violent con- tact with heavy iron vessels than granite. The steamer City of Limerick did not, as previously Yeported, demolish the sub-marine work on pier | 1; it was the granite superstructure, which was a | mere wall, the back not being filled in, that was | aislodged. H two for bef tains. If this were contin and the city on the water front the wisaee Tepid ireight transportation is ol the Hi River could ‘thus be ram Thirty feet of the vessels that are to their ireight of W markets. The clgineers, ro hice i ai of a mile a rents the storetior the docks aati Toad ed wae ramen’ e e) Fable eireag om Se a aad time since the White Star line went to dock side of the river. They got their water ie a toaiaa ren gy erected improvements thereon. This apourtenances they intend byl Democratic Demoralization by Party Politics—Fear of Revolution from tho Presidential Contest. BARRANQUILLA, Colombia, April 11, 1874, ‘The signs are that the neighboring Republic of Venezuela may before long be the scene of one of those revolutionary crises which have been the bane of that beautiful but unbappy country. The present Exeontive Chiei is, whether justiy or un- justiy, a man who is exceedingly unpopular; and | as he has reacned his power in a manner far from constitutional, the spirit of discord has been very strong. THE POLITICAL PARTIES. Perhaps a sketch of ‘the political condition of Venezuela may serve to remove the curtain which | conceals its true politics from the eye of the world. The two important parties of the country are amed respectively conservatives and liberals, These, bowever, are not political parties, properly speaking. Both profess the same principles; atleast they make such declarations as stand forsuch. Both sides advocate the prosperity of the country, the ireedom from dishonor of the courts, the purity of the government, and so on all through the gamus of those ‘glittering generalities’ and preity noth- imge that constitute party programmes every- where. If both are to be equally believed, it is the most astonishing fact in political Mistory that Venezuela 18 not now on the nigh road of national prosperity, instead of having tambled down at the foot of the hill of faction. None of the file of the smaller patriots pretends for a moment to believe the Chief Patriot of the day when he exposes for the hundredth time the threadbare platitudes, And why? Simply because there is NO CONSTITUTION, 80 to speak, in Venezuela. There is one in name, but it ig of about as much use at this time as @ costume of the days of Tiberius would be to a lounger along Broadway or Adam’s first dress to an elegant of Madison square. ‘There being no constitution, it follows that there are uo elections worth the name. ‘There being neither, it follows again that there is no responsibility anywhere, if the liberals happen to be stronger, the Chief Patriot, to the extent of his capacity, usurps a power that looks purple in its impertalism. [f the conservatives are stronger, tnen it is their C. P. who takes the glove from the hand of tron. Either way, this state of things lasts just so long as the opposite party is not strong enough to remedy it. There are ex- ceptions, of course, to all this; but this is the rule. I do not doubt that there are many honest and patriotic Venezuelans; but, in the matin, power makes them despotic, aud sounding patriotwusm is. Woo weak w Vessel to resist personal interest. It hag sometimes nappened that & truce 1s agreed om between the contending factions; but it has rarely occurred that the truce bas been more thane gleam o! sunshine. ‘There was auch a BURYING OF THE HATCHET THE MODE OF BUILDING THE DOCK will be very interesting to the general public, as | they have not had the pleasure (?) of seeing the | sub-marine work in progress aa did the HxraLpre- | aiternoon at pier 1. ‘This is the best poimt at which to obtain a com- prenensive idea of the work, as parts of it are fin- , luhed,-others incompiete and others stil! being just | begun. The reporter, with the assistance of the Givers, got into a diving suit which was undoubt- edly built fora giant, Soon after gotting into the water he began to teel & queer sensation im the ears. When on the bottom the re- to look for something to the disturbing presences oi the der the guidance o/ a fellow diver he was con- | ducted over tne velvet carpet of mud to the base | of the pier, which seems to grow out of the river | bed. After inspecting the perfected part of the | work, the guide led the way to the place where the | base lor @ new arch in the pier was be! made, | There was @ wouden box filled with concrete, | which had been suok in the mud, and upon the | top of this a Beton block was being lowered. The | concrete is let down in the wooden boxes, in which | it amalgamates and coalesces, the box rots away | by the action of the water and leaves a solid con- crete lounaation under the Beton blocks. From the foundation up to low water mark the Beton | blocks are laid, and there begins the granite super- | structure, datisfed with what he had seen at pler No. 1, | the reporter accepted an invitation to go to the Joot of Christopher street and see the work going | on there. At this point the work is different irom that at the Battery, To quote again from Mr. Stoa- | dard, “You couldn't get soltd bottom there tf you | dredged from tne Fourta of July unt) doomsday,” | 80 they have to drive piles down deep in the mud. | By means of.a patent machine the les are cut ow twenty ieet below the surface, a the space be- | tween the two rows is filled with concrete, on the top of which the Beton blocks are laid. The wooden docks that are being put Up at piers 43, 44 and 45 North River will permit a free passage of the tide througn tue slips, Which will prevent them from diling up, a8 they did when the old break- water piers were there, This improvement has its value as @ sanitary precaution, as it will allow | tue sewage filth to pass off with the tide, instead of settling in the slip and being exposed to the say | | at low water. All the improvements made on the water front | contribute as well to the fuancial advantage of the city as to ita commercial interests, as will be sean irom the following tables :— The first report of the department to Mayor | ing July 81, 1873, shows as follows :— Disbursements for wages, material, &c., in de Pariment...... kids Paid to City Chainberiain for dock rents, £¢... The second, as above, for three months ending Octover 31, 1873:— Disbursements tor wages, materials, &c.... $195,515 Paid to City Chamberlain for dock feuts, tc. 8,183 The third report, tor the two months ending De- Hee 81, 1873:— Dieburseiinte for wages, materials, &c.. Paid to Oxty Chamberlain tor dock rents, The fourth and last report sent to His Honor, but as yet unpublished, contains the following items | for the three months from December 31, 1873, to March 31, 1874:— Disbursements for w: materials, £c.. Paid to City Chamnberista for dock reuts, ‘THE DEPARTMENT OF DOOKS AND RAPID TRANSIT. Like the absent minded man wao hunts high and low for the pen which sticka behind nis car, New | York 18 exhausting its energies in searching, on the premises of others, for that which is in tts own | ony The Hast Side Association, the West | ide Association, the Citizens’ Association of Har- | lem and the lately organized North Side Associa- tion all fail to see that which is immediately under | their leet, theic eyes bdeimg centred on the ever , changing ‘sky of Albany legislation, in hope of there seeing the lightning streak of which the Knickerbocker prophets have spoken. It commit- tees from the several associations above men- tioned would wait on General Gra ie Engineer-in-Ubief of the Department of Docks, ‘and with their eyes follow his finger as it glides over the plans of the work, listen to his elucida- tions, then go and make a personal exemination of tne work completed and im process of conatrac- tion, he woul jain to them an undeveloped plan for rapid freight and passenger transit. Whea regarded as to results it would be cheap; and at the of five years it would more than ge Mad the interest on its bonds and begin to take them up. [t will be necessary, a8 & preface to the ex- | planation of the plan, to detail the doings on ‘THE NORTH RIVER WATER FRONT. At pier No, 1 a solid granite puikhead has been built, 136 feet from the west side of West street, or the old buikhead tine. This space has been filied in with clean free clay and levelled off with the street, thus adding nearty- $1,000,000 worth of proper: to the vity area Witnout the vost of one cent, the contractors in the lower part of the city being only too glad to use itas a dumping ground. The bu/khead jine established at pier No. 11s to be main- tained as far up as Christopher street, where the river Makes a bend. Beyond this the line will be continued so as to allow tne widening of West street to goon. Witn this addition West street will have an average width O1 woout 260 fect, thus jorming 4 more ampie roadway than the broadest boulevard. This encioachment upon the river adds to the valac of the private property im the vi- cinity aud to the real estate wealth of tie city. On the land thus gained could be built storegguses, also the city’s property, say 100 or even 1 ieeu 187,756 porter who went down.in a diver’s suit on Friday | 4 \ amen of — parties, 4 BRBALD REPORTER UNDER WATER. " t-toothed dredge made the water muddy, but | Havemeyer, which covers the three months end- | Musi be drawa so! 10)887 | | What Ihave heard ieads me to believe that w' rs in 1868, emboaying complete oblivion of the . | and the gathering of botu parties under the names or union and liberty. Uniortupately te President, General Falcon, did not prove bimeelf able to sustain the balance between the nigh spirited extremes. Discord crept into the councils his admimstration, although bis cabinet uprwed some of the most eminent Which js the side tnat kills the political “cuck sparrows” of the world is gen- erally left avery open question; but it seems to ve agreed that the liberals struck the first biow inst the vender trce of union and liberty. 1s is, at least, sare that a ferce and sauguinary war o: 100 days around Uaracas, the capital, iolowed. which proved a Waterloo to tne conservatives, General Antonio Guzman Blanco led the liberals | and triamphed with them. Then came she usual | somerset. 1 have already said that he is far | trom being popular. Os course, I have only read | the creed of his enemies. “Hear the other side” | is a safe maxim enough, bat a trifle hard to sollow | at this moment. Whether true or not, | cannot say, but President Guzman bianco is charged with muking money out of the desolation of his country. ‘Ten years ago he Was as poor (it is sald) & rat as ever grew lean In a church; now the saiue vera- cious authority asserts that he counts his duros above @ million. But this is not all that the “pul voice” charges upon lum. Itspeaks ol a ming that glories in the abuse of power; or a des- tic disposition that exiles thousands of fellow countrymen irom their homes; of a mercilessness that figds delight in the sacking of his native city and the capital; of & heart that revels in the M@augnter of hundreds of adversaries; of the basest ol treachery thal, through jealousy, decrees the execution o! @ poli- tical and personal sfiend, ana his owu Vice Prest- dent, at an obscure spot; im fine, of other deeds, open And secret, that, if true, would make him & Nero, Thig.is the story that is connected with the name of the Venesuela President. Is it true? That is what i cannot answer. At least, iv 16 not found in the journals of the country; jor there we PRESS IS MUZZLED in & more effectual sense than were ever the ‘Free Companions” of the Paris press under bis late Imperial Majesty. Kui tnere are some papers sald, by the way, to be freely papped by govern- ment that ran very high tneir notes of praine. it might be tancted that they would limit them- selves to comparing this Guzman Bianco with some of their own dead and gone wortnie=.. But no sach thing. Gur George Wasniogio: <vauds none too high for the umagination of the Vene- guelan panegyrist. Kight here, let me say, that this is @ very common practice in South America, Let a man just rane himselt, like one of Victor tHugo’s Kgyptian asps, above the head of bis fellows, and at once he becomes él Washington, o¢ (more Recor s OF et p- | Washingthon, of what county soever he may pen to bein, There is not the most remote like- ness in the picture. We Americans ought, | sup- pose to ieei complimeniog at this, But the line newhiere. WIS VICTIMB, ‘The other States of South America and tho adja- cent islands are filled with a large number of those who have been exiled by President Bianco. These | are not only conservatives, but liberais—not only | men of the same party on which be rode inva power, but those sturay spirits who opposed him | Jrom the start. The breaking of the pact of 1868 | Was, In the eyes of many of the liberals, a grave offence. tt was a bright dream while it lasted. honorable men who believed in it have been radely awakened. In this city I have met several exiled Venezuelana, ai high toned and dignified gentiemen, who py stress of jaction are com- ied to eat thé bread of rT exile. Among hem are General Luis de Level ae Gaoa, liberal, and Sefior P, Sederstromg. a the director of ® very flourishing college here; Gen- eral José Ma, Betancirt Sucre, a nephew ol the tamons Marshal of Ayacucho; Genera! Antonio Sucre de Sucre, one oi the fathers of the inde; ence of Colombia, and Generals Uriarte and terra—all of whom belong to the conservative wed ever movemeut will be made will be, il 1 rated, THE WORK OF BOTH PARTTEs. No plan has as vet been decided on; but the eles ments are all ripe and the parties are not wanting in preparation. Among the most prominent of the ‘‘outs” is Dr. Pedro José Royas. Men speak well of tis gentie- man, of his intelligence, of his capaci for State affaires, and, above atl, of an in corruptible honesty that, ufter years of ponits service, has leit bis iamily in reduced cir. cumstances. Should any such movement as that vo whien U have referred occur you may look to see the name of Dr. Royas placed very high. He has already been Premdent of Veneauela. ‘he tide: political as weli as oceanic, ebb and Now; and Thay be President or Cresur once again, THE OLIFTON OUTRAGE The outrage committed on Mrs. Mulligan and hee niece, at Clifton, which, trom former dificulties that bad existed in the family, was supposed to have been perpetrated by relatives, proves to have had @ totally different inception. Instead of being. a8 was supposed, the act of disappointed members of the ianaity, it was the act of two young men, ‘whose object, however, 18 not as yet by any means clear, The police yesterdiy arrested two y men, nanied. Willian Brown, aged twenty, ‘cor gus James McQuirk, aged twenty-one. On Uy taken betore Justice Kassmer Mod leaded uilty Of attempt at burgiary, howled: that ¢ Was the one who entered house, nm Temaining outside on the Wetch. McQuirk had known Miss McGiven, the niece , but no intimacy or recognition fod boon carted oa between them. From tae Mot that no aj nb attempt at robbery had heen mate juis thougat that the men were actuated by mvt ives aeep, On the second floor of which #ix tracks could rlea be lalu~two jor freight, two sor express more vile than robnery when the entrance to the ladies’ bedrvom Was Made.