Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-21
A GOOD OLD CUSTOM.
Real Estate Owners in Early DAYS
Befriended by the Banks,
MANY SAVED FROM BANKRUPTCY.
Southern Lumber Dealers Worrying Over
Westinghouse Big Contract.
HOW TO SAVE VALUABLE SHADE TREES

The real estate business is as old as Pitts
burg, at least--the truth of which will not
be gainsaid-but the method of conducting
it in early times differed somewhat from the
system now in vogue. General William
Robinson was the largest real estate owner
in Allegheny City 70 years ago. About
1920 he became involved. The United
States Bank held claim against him for a
large amount in those days. He would
have been glad to surrender all of his prop
| erty-which is worth millions to-day-to be
freed from the obligation, and he made such
a proposition to the bank, but it was refused,
| the bank preferring rather to carry the debt
than shoulder the property. 1t nursed him
until he once more got on his feet, recovered
his financial standing, kept his property and
| died rich few years ago.
Alexander Watson. Esq, from whom the
above facts were obtained, added that it was
the custom of bankers in those good old days.
to exercise the utmost leniency toward real
estate owners in times of financial distress,
and a number of them are known to have been
saved from financial ruin by the favor thus
shown them. This good old custom seems to
be more honored in the breach than the OBJ
servance in these latter days; still. there may
be, and no doubt are, cases in which 1t Is exer-
cised that do not show upon the surface.
Soutnern iumpef producers arc eas'ink aoous
for a reason why they did not secure the big
order lately placed at Cardillac Mich, by Mr..
george Westinghouse. One OF tnem tninAs !"
was because OF the great olsaaVantase INC
yeno" pine mas ID competition "i'n "ni.o pine'
and recites three main reasons "hy II is So
First prejudice in favor of white pine; second,
the greater weight of yellow pine; and third,
hleher rates per ton per mile from tne yeno~
pine Deit 10 eastern points tnsn from Ine mniee
pine region 10 same points, roio"ihg 'uis up,
the oonthern LtnaoeTmdn, "nlcn hao scoreo
tne Soutnerners ior negiect'ng snel ih'eie''''
says:
we were fuily aware OF tne oisaavan,ases a,.,
ana obstacles "nen we wrote .ne artlc'e. nen
we chsrged tnae tne yelo~ pine men n.u
ldea tnat tney nave Deeh remiss ID 'nSt 'ney
nave not overcome tnem. vi couree VIC! oen
not lessen the weight OF yeiiow pine, nor IN
crease tnat Oh wnlte pine pus sney can' W
actual tests, prove tnat ~ OF oo per GENT iese VI
yeuow pine is required 70 ootain % une same
strengtn tnst "nite pine Possesses' Ani' neip'
10 equaIze snlpping weignIs.
by united and Juolcious action on tne part
OF all tine yellow pine Shippers Oh tne cis-
mississippi states II would seem possible 70
secure equitable freignt rates II any united
enort mas Deen maze IN TINS oirection we ianeu
10 near OF Inc I emo" fine Associa.ion olu ',
make an enort, out more tnan halI tne mil
men heid aloo1 ana gave tne associa'ion no aio
OF comfort
We 10 not DeheVe mere is any PreJuuice
among Nortne-h CONSUMERS VI iunoe, eAeeps
tnat which ARISES from iscA VI Ano"ieuso VI
lts merts. 'ney know irom eAperlepce eAAo1y
"nat "nite pine is, anu - Ses yeno" pine
oniy an experiment win .hem Deas oi ious
stanoihg IN "ni'e pine wiz nos ,e' tnAt trAue ~
I'LL tney nhu Iney eau uo - "en VI pet.ei WIN
something else: ns a nne opening ior mis-
sionarJ "orA' nen sne nns'ion"iies eAu eon-
vince the consumer that ne can get tne same
amount OF iumper, Oh greater sfeng'n anu
ouraohity, equany as wen aaapteo 10 MS "Ans
Ior less money ny uuyhg yeho" pine us pie3u-
olce VIII disappear
On wahace street, Whkinsourg, tnere
row OF nne snaae trees, tne removal or de-
struction Oh wnich mas oeen rendered necessary
py tne Improvement Oh tne street. various
plans 10 save them nave oeen suggested, put
none Oh tnen meet INC apPro'apoi tne oorousn
autnorities Inc trees are maple, ABOUT 70
years oio. ana give cooi, reIresnlng appear
ance 10 tne street, "nich Is nighiy appreciated
py the citizens. 10 oestroy tnem, except as an
act OF dire necessity. would De vandalism.
A cltlzen OF the borough, VINO hved In Fors-
land, Me-, at the time OF the great nre there,
gave me some information yesterday, which
may help to solve the dimculty and possibly
result In saving these beautiful trees. He said
that during the great hre In Portland one OF
the back streets was partially swept IL was
residence street, and was lined for some dis
tance on both sides with shade trees. There
were about 100 OF them Forty we're destroyed
by the fire. Some of the others were injured.
but not seriously.