Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-26
ANOTHER BIG DEAL.
Sale of the Bakewell Property on
Ross Street for a Round Sum.
LAST OF A FAMOUS GLASS PLANT.
Piles of Counterfeit Money Good Enough to
Deceive the Very Elect.
PITTSBURG REALTY FINDS FAVOR EAST


comprising 16O feet on Ross street, from
Water to First, by "a feet deep, to Elrlc E.
Clark, for S45, 900. There are eight brick
buildings on the ground, all of them old,
and most of them of little value, 1t Is un-
derstood they will be torn down and the site
used for manufacturing purposes. This prop
erty was decided by Thomas Bakewell shortly
before his death, almost 25 years ago, to his
nephews and nicces, for whom the transaction
was made.
Much of the property thereabouts was in.
cluded In the site Of the old Bakewell glass
works. The passenger depot of the Baltimore
and Ohio railroad, lately vacated, was the
packing house. 1t is the only building remain
ing the of glasshouse plant Superintendent
Patton said yesterday that he had this building
examined a short time ago, when it was found
that the timbers and supports were in as good
condition as at first. This building, 1t Is said,
will be remodeled for the use of the freight de-
partment of the Baltimore and Ohio railroad.
William Dickerman. editor of the United
States Treasury Counterfeit Detector is in the
city. He was encountered in the office of the
Fidelity Title and Trust Company yesterday,
counterfeit notes-5s los and 2Os. some of
which he had obtained from Pittsburg banks,
they having escaped the eagle eyes of the ex-
aminers. He was surrounded by several inan-
ciers. nearly all of whom said the money on
exhibition was good enough for them. The
inexperienced reporter, of course, pronounced
the bills all genuine. Chicago is the head
quarters for the manufacture and distribution
of queer money. From that center it finds
its way to every part of the country Canada,
Mexico, and even Europe. In the course OF a
brief interview Mr.. Dickerman said:
"The engraved counterfeits are more danger
Gus that those made by the Photographic pro-
cess. With the exception of two series of
plates from which s. bills of the Manufac-
turers' National Bank, of Amsterdam, N. Y,
and the Fort Stanwix National Bank of Rome,
N. Y, are made, the best counterfeit plates
have been captured by the Secret Service. A
very fine counterfeit $50 bill was issued some
eight years ago from a series of plates from the
celebrated Charles F. Ulrich. The 500 bills
printed from series of plates, engraved in
Brooklyn by Charles Smith for William E.
Brockway, were but little less perfect than the
genuine But the finest counterfeit from every
point of view, was $500 United States note of
the series of 1869. 1t was about equal to the
Gus was the counterfeit that the Treasury De-
paltment decided to retire all the notes of that
ISSUE and to-day only few of the genuine re-
main in circulation, and the banks receive
them only for deposit.
"Within the past year three very dangerous
counterfeits have made their appearance. The
new S. counterfeit silver certificates are on the
whole. well done. The most noticeable defect
will be found in the portrait of General Grant,
which lacks the life-lIke expression of the orig
inal. The mole on the right cheek, visible in
the genuine, is missing. and 80 is the stud on
the shirt front. Again, the entire face of the
counterfeit is lighter than the genuine On
the medallion on the back of the note, the date
1886 is not very distinct in the counterfeit. The
figure o looks more like an ..
"The new $40 silver certificate which ap-
peared few months ago is produced by the
Photographic pen and ink process. These coun-
terfeits are signed by B. K. Bruce, Register,
and A. NJ. Wyman, Treasurer. The portrait of
Robert Morris is well done. The third recent
counterfeit is $40 treasury note. THIS, also,
is Photographic pen and ink sketch. The
first description of it came to me from Mr..
Vincent, paying teller of the Western National
Bank. The note presents a remarkably fine
appearance. and il it were not for the lathe
work would bear close examination. The back
of this counterfeit Is not as finely executed as
is its face. The green ink is off color. Still all
$40 notes of the series of 1875. 1873 and 1880
should be handled with care, as these series
have all been counterfeited.
1.-TWO great obstacles have thus far stood in
the way of the cleverest counterfeiters, the
fiber paper and the geometrical lathe-work.
The paper known as the Crane patent, with the
fbers and two silk threads running lengthwise
throughout the note offers an insuperable OBJ
stacle to the counterfeiter. The only way that
he can get this kind of paper is by stealing it,
for he does not know how to make it. So, too,
the lathe work has defied the most persistent
efforts of the counterfeiter, and consequently
lathe work is the chief feature in all bank note
There have been many profitable deals in
real estate within the last four or
five years. The Ben Venue plan of lots hung
fire for long time Four years ago the prop
erty was placed in the hands of prominent
Fourth avenue real estate firm. The price set
upon it was $4,000 The firm pushed things
and within six weeks sold $50, 900 worth of lots
and had few left. Twenty-eight houses have
been built all of them first-class. Only two or
three of the lots are vacant.
The gentlem an from whom this information
was obtained added: Two or three years ago
made proposition to several local capitalists
that if they would furnish ST. 000 900 for invest
ment on Penn avenue l would guarantee to
raise the price of real estate on that thorough
fare to $500 foot. Steps we're taken to raise
the money, but something occurred which |
threw cold water on the project, and it was |
abandoned. subsequently S5O0,000 was raised |
for the same purpose. This was only half the |
amount originally required to bring land up |
to $500 foot but it was SO judiciousy invested |
hat it had the desired effect, and my promise |
was made good. 1t would require very little |
Effort to secure the same results on any of the |
downtown streets-Liberty, for instance. |
which is lined on both sides with houses totally
Unfit for business. as now carried on.'
Speaking of the outlook for real estate, he
aid:
~ think the movement is only in its infancy |
There are large amounts of unoccupied land in |
he Immediate vicinity which will be built on
ooner or later think business next year will /
,e on very large scale. A great deal Of East
IN capital will be sent here for Inv estment A
ew years ago Philadelphia capitalists would
lardly talk about Pittsburg real estate. The
zig municipal debt and high taxes placed it alta
Iiscount But they think. differently now. 1
vas there a short time ago, and they listened
,agerly to all l had to say on the subject
A SOFT MARKET.
Local Stocks Still Suffering From Too Much