Democratic Sentinel, Volume 2, Number 5, Rensselaer, Jasper County, 15 March 1878 — Frightful Shrinkage. [ARTICLE]

Frightful Shrinkage.

, 4-nidea of the tremendous fall of real eptate Ju^New ?Yotk» furnished by the following item from me Tribune : “ The Industrial Exhibition Company in 1/571 of land Iviug .between Ninty-ninth and One-Huhdred-and-Third streets and Third and Fourth •ffeifties, for the purpose of establishing an industrial exhibition. ' The price paid was $1,700,000. The scheme was not successful, ana the land, which had been divided into lots, has been hold tinder by several insurance companies holding jfiorftages upon it. The sum realized was $400,000. The former manager toe Exhibition Comof the property, the company wns offered $2,500,000 for it.”