Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-30
WANTS TO INVEST
The Beginning of a Dicker for $780,.
600 Business Stand.
PRESIDENT HERBST TALKS BACK.
How an Ancestor of Local Finsncier
Missed Colossal Fortune.
EFFECT OF THE COKE DEALS ON IRON

Negotiations were begun yesterday for the
purchase of a business stand on one of the
principal streets which will involve about
$780, for ground, building and stock.
The gentleman proposing to buy said: 81
have been in Pittsburg only few weeks,
but 1 like the place. 1t has busy,
bustling air that pleases me. I am wall
paper manufacturer and think there is a
good opening here for that business. 1 am
looking at stand and may buy it. The
only trouble is the price, which is, think. a
little too steep. If purchase l will start up
this fall"
The following communication answering tho
criticisms of Fair Play on the management
of the Independent Natural Gas Company, of
Sewickley, which appeared in this department
of THE DISPATCH yesterday. needs no further
explanation than to say that THE DISPATCH is
always willing and even anxious. to give both
sides of all questions which come up for dis
cussion through its columns. The more light
thrown on the management of corporations
the better for them and for the people.
SEwICKLEY, Aug. %.
To the Financial Editor of The Dispatch:
Fair play" in a communication published
in the financial column of your paper of this
date, rejecting upon the management of the
Independent Natural Gas Company of Sewick-
ley, clearly shows by his misstatements that he
has been imposed upon. All the books and
papers of the Independent Natural Gas Com
pany are at all times open for examination of
any stockholder Hi"Fair Play" will avail him.
self of this privilege, he will no doubt gladly
correct every statement of his communication.
The Independent Natural Gas Company has
been supplying gas scarcely four months, and
the present management has had hold only
about six months. Is it in the nature of things
to expect dividend so soon? Ard then does
not every consumer Of natural gas in Sewickley
get an equivalent to a big dividend by the ex-
istence of the Independent Natural Gas Com
pany? Mr.. Fair Play" your wonderful per-
sonal illusions are not in good taste.
d. e. HERBsT, President.
As quite a number of Pittsburgers have large
financial interests in Mexico the following
summary of the situation there may be of con-
siderable importance to them and others. 1t
is copied from the Me1icdn FIndncier, well
conducted and influential publication:
Business is improving; planters have taken
new heart, and are introducing new methods of
cultivation. and new mills and factories are In
process of construction in almost every State
and Territory of the Republic. Keeping pace
with this onward march of the country, the
banks are extending their branches and giving
more liberal aid to the commercial community,
and thus tor the first time in the business his
tory of Mexico there is a free movement of
money and a legitimate expansion OF trade.
The most powerful cause of this condition of
affairs is the frmness and proven stability of
the government. which gives to all honest, law
Al citizonS md lem
The credit of the government is well estab-
lished at home and abroad, and this fact ex-
plains why capital is flowing into the country
from Europe, especially from England, in ever
increasing amounts"
There are few men gifted with mental
vision sufficiently penetrating to clearly dis
cern the trend of coming events. In other
words. the number of persons who can see
through a milstoue round a corner is very
limited. An instance of this was related by
prominent local hnancier yesterday. He said: |
MY great-grandfather came to Pittsburg from |
Scotland in 1873. with SOC guineas in his pocket.
This made him very wealthy for that time, !
when the purchasing power of money was prob |
ably 500 times greater than it is now. He could |
have bought all the land from the present |
Smithfield street to the Point for 100 guineas, |
and he was urged by his friends to do so, but |
he refused, saying: Land is plenty, but gowd |
(gold) is scarce, and allowed the golden oppor- |
tunity to pass unimproved. If his foresight |
had been as good as his hindsight, for a COM
parative triie he could have laid the founda-
tion of a stupendous fortune"
Commodore Batsman, who returned from
Europe the other day, said in an interview
about business across the water: There is
very little going on in London; the season there