Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-27
THEY FEEL BETTER.
Business Conditions Point to the Be-
ginning of a Revival.
JOHN BULLS PECULIAR MONEY.
A Silver Certificate Which the Public
Should Guard Against, and
HOW A FINANCIER TALKS ABOUT 1T

Although it is probably too soon by two
or three weeks to expect permanent re-
vival of business, all of the movements and
indications yesterday were in that direction.
There was more Lille in stocks than had been
witnessed for many Monday. Even pc
troleum operators demonstrated that they
are not ready to shut up shop. There was
good inquiry for houses and lots, and abrisk
demand for mortgages.
Bankers reported actual business rather
better than earlier in the month, with a
rosy prospect ahead. In conversation sew
eral of them stated that the money furry in
the East had about died out, and with it
had disappeared the last obstacle to busy and
profitable fall and winter trade, in which every
branch of business would share.
A dangerous counterfeit or fraudulent sill
yer certificate of the denomination of SO has
been put in circulation in the last few days.
1t is so well executed that Government experts
and local bankers think it is printed from
stolen plates. Speaking of this counterfeit
yesterday, Fourth avenue fnancier said: III
the opinion generally held. that this note was
printed from stolen plates. be correct, the Gov
ernment should bear the loss, as bank tellers
and the people have no means of protecting
| themselves against a fraud of this kind, of
which carelessness on the part Of the treasury
officials Is certainly an element"
He added; "Responsioility Tor counterfelt
or bogus money should go further. Frequently
unsigned national bank bills are stolen anq the
proper names nlled In by the thleves. II the
banks exercised proper care this could not nap
pen. The banks should be held to as strict ac-
countability for their issues as men in other
branches OF business are for thelr acts. now are
the people TO know wnether the pilis tney re-
celve are properly signed or not wnen experts
are often at loss 10 dlstinguisn pet"eeh Ine
bogus ana tne genuine anu 10 make tnein pear
the loss Is unjust as Wen as unreasohaple.
several OF the large drygoods nrms In Ne"
fork report a material increase In the Voiume
OF business, and say that the IAN trade opens
most auspiclously. The noticeable feature at
present is the large number Oh southern people
who are in the metropolis buying goods. Pay
ments are being promptly made, and the entire
situation, as compared with previous years at
tnls period, is emlnently Satisfactory, ana tne
prospects Tor continuation OF big business
this fall and winter are unmistakably good.
Jay Gould said to fellow broker the other
day: II feel the same as every other sensible
for considerably higher prices this fall, and i
think that results will substaDtiate the position
which l take"
1t is seldom that ANYTHING SO unusual as to at
tract special attention occurs In any OF the
Pittsburg banks, but an instance OF this Kind
happened yesterday. Shortly before noon an
old gentleman, SO "English, you know, that he
either dropped all OF his ms In talking, or
used them where they did not belong, ap-
preached the assistant cashiers window In
Fourth avenue bank and said he wanted to
make adeposit. "All right" said the official.
I'VE will be very glad to open an account with
you" The gentleman thereupon drew from
his pocket number OF Bank of England notes,
amounting in all, to fS00,or, in round numbers,
$1,000 He said he had just arrived from En-
gland, and as he intended to remain here, and
had no immediate use for the money he had
concluded to deposit for safety.
The notes are printed on thin, delicate white
paper OF the best quality. and are about five
inches wide by six or seven in length. The en-
craving is plain and neat, presenting marked
contrast in this respect to the ornate appear
ance OF American Treasury notes or national
bank bills Upon casual observation, these
notes would be considered easy prey for the
counterfeiter, but close inspection reveals a
the paper, each OF which, no doubt, possesses
special signihcance, and the least variation in
whlch would De perceived by experts at
glance. In England the penalty for counter
leltlng .nese notes is death.
The report OF the underwriters committee
on the great fire at Seattle tells the old story of
an infiammably built town, growing at phe-
nomenal rate and Indifferent to the need of in