Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-24
DANGERS OF DELAY.
How a Gentleman Missed a Good
Bargain by Being Too Slow.
THAT DIAMOND STREET RAILWAY.
A Local Banker Scans the Horizon and Dis
covers No Signs of q Storm.
A BREATHING SPOT AT WILDWOOD

The following incident shows that delays
are dangerous in real estate, as in other
things:
"I have considered the matter and be-
lieve will take the lot at Oakland you
offered me week ago" remarked gentle
man to a real estate agent yesterday.
"Oh, you are too late. sold it yester-
day. I told you it was bargain, but you
thought differently. offered it to you
for =, very low price. I sold it at a
handsome advance. Your refusal was a
good thing for the owner, as well as for
me-"
Just my luck. always was too SLOW" SOL
1loquized the disappointed man, as he left the
Office.
There was an informal conference yesterday
between Diamond street properly olders ana
the Board of Viewers appointed by Councils,
concerning which gentleman who is inter
ested in the result said: ~ notice that the
bugaboo of a railway bobbed up as an argu-
ment against the improvement. This is going
out of the way to find an objection. l feel en-
tirely safe in saying that there will be no car
tracks on that street. The sentiment against
it is very strong and will be still stronger Wnen
the street is widened as believe it will be, be-
cause public necessity demands it. In dis
cussing the question of improvement there
fore, the railway should be left out, and atten'
tion given solely to the question Of damages;
and in dealing with this important point OF the
subject property holders should consider the
benefits as well as damages to accrue, and tenn
per their demands accordingly. 1t is almost
certain that the improvement will enhance tie
value of property on the street and in the vi
cnity from s., 600 to IS, 900 foot, which should
more than meet all reasonable damages. Both
sides should have full and careful hearing
before any other action is taken. The more it
is discussed the more clearly will it appear that
the improvement is necessary. take no stock
in the statement that it is a money making
scheme know better"
Work has been commenced on the pumping
station for the Williamsburg water works, at
wildwood. The reservoir will receive atten-
tion a little later on. 1t is the intention to
make the ground around it available and at
tractive as public resort by planting trees
and shrubbery and erecting several handsome
fountains. The company informed citizen OF
Swissvale yesterday that they expected to sup
ply that place with water by August l. It will
be carried to Williamsburg somewhat earlier.
In regard to the possibility of an era of wild
speculation growing out of the superabundance
of idle capital at all of the commercial centers,
as suggested by New York paper, Wood
street banker said yesterday: Il think the pos
sibiity is so remote that it will not materialize.
l see no signs OF it here. Costly experience
has learned our peoples lesson that they are
not likely to forget. In 1873 they were wild.
They bought anything and everything. Over
production was enormous. Millions upon mill
ions of money was tied up in unproduc-
tive railroads and other property. This made
a crash inevitable. They are not doing that
way now, but are proceeding slowly and eau
tiously. Unknown or doubtful securities are
left severely alone, as the daily stock reports
show. Large amounts of money are being in
vested in real estate, but as it has a certain
fixed value and is marketable at any time, it
involves great risk, to say the worst. 1t is
part of my business to examine the financial
indications. have done so this season very
carefully, and can see no signs of coming
storm. Business is being conducted on a sound.
conservative basis and it is exceedingly active
for the season, the volume for the expired por-
tion of the year being nearly S300o0,00O larger
than for the corresponding period in 1883 We
have everything to hope for and nothing to
fear"
Here is something for Pittsburg people to
think about. jackson, ILL.,, is supplied with
artificial gas at 40 cents thousand for lighting
purposes and 30 cents for fuel. The gas is made
from slack coal by new process and the in
ventors offer to supply Chicago at 25 cents a
thousand, and say they could afford to give
gaslight to every house, Office and factory in
the city for nothing if they would use fuel gas
at 40 cents thousand.