Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-22
HEAVY INVESTMENTS.
]. J. O'Reilly Says the English Syndi-
cate Has Paid $6O,OOO,OOO
FOR SOME AMERICAN BREWERIEs.
lie Claims the Trust is Still Negotiating in
Pittsburg.
LOOKING FOR PAPERS FROM ENGLAND

J. J. O'Reilly, the agent of the English
syndicate, which has been so actively en-
gagged of late in this city, has just returned
from a ten days visit to the West in the
interest of the syndicate. In an interview
last night he said:
II do not wish to say anything further in
regard to our operations in this city until
after the deals have been completed. In
that interview published in The DISPATCH
1 mentioned that there were few firms that
we were about to visit. We have seen these
firms since that time, but negotiations are
still pending between US, and no satisfac-
tory arrangement has yet been reached.
The papers in the cases where the deals are
practically closed will arrive from England
in very short time, and then the public
will be fully informed of their nature.
SIT is astonishing how many syndicates
are at work in this country. Why it seems
to have becomea regular business, and there
is a perfect craze among all classes of manu-
facturers to dispose of their plants to bodies
of this kind. They all have an idea that
they can obtain any sort of an exorbitant
price which they Lay choose to ask, but
they quickly find out their mistake when
they enter into negotiations.
THREE sYNDICATES FORMED.
ST know of three we'll authenticated
English syndicates and have heard of
quite number of others. do not know
anything of that syndicate which is en-
deavoring to buy up our coal plants, and 1
cannot say whether it is identical with one
of these three or not. While 1 was in
Chicago, 1 heard quite a number of rumors
Of big deals which were in the course of
Susumation, but I had no time to investi-
gtte them.
81 have travelled great deal, but at no
time has the country shown greater evil
dences of prosperity than at present. This
is due in great measure to the operations
of our syndicates. They are floating so
much money, money which is bound to find
an outlet in other industries, that the effect
cannot but be of the most beneficial charac-
ter. England is an old country, flooded
with millions of money, for which little or
capital is brought here, where good in
terest can be obtained for Its use, those
investing benefit themselves while they at
the same time confer a favor on those who
furnish the funds! And to give you an
idea of how much money is being located in
America, can safely tell you that no less
than SEC, 900, 900 has already been paid in
cash by the syndicate 1 represent for Amer
ican breweries alone. This money must
find other places for investment, in fact is
finding them, and this is one of the chief
causes of our prosperity"
When asked what he thought of the syn
dicate which is said to be in the course of
organization for the purpose of opposing the
English combination. Mr.. O'Reiley said:
II have heard of that, but would like to
speak with the man who made the state
ment before will believe it. The plan pro-
posed is in the first place SO gigantic that it
will defeat itself.
THINKS IT IS RIDICULOUS.
'Then the idea of asking all the brewers
of the country to join such a syndicate, and
to yield up at the same time all right of
selling their plants, if thev so choose, is
ridiculous. Men are willing to sell at all
times when they can get their price, and
while the English syndicate has the money,
it will be able to buy breweries, whether
combination seeks to prevent it or not.
"While I was away was struck by the
increasing importance which Pittsburg is
daily acquiring in other cities. Wherever
a Pittsburger now goes he finds that his
city is an object of interest to strangers, and
he seldom fails to find men who have not
been impressed with the magnitude and i'm
portance of our industries. Yet few years
ago Pittsburg had very little renown among
other cities of the land.
"Chicago is a place of far different
character. 1t is truly American city, full
OF push and energy, and unless New York is
very careful, will carry awav the palm and
secure the Worlds Fair. They are strain
ing every nerve to accomplish this purpose.
Placards sill every hotel, announcing the
necessity OF hearty action, and subscription
lists can be found on all sides.
''Another thing noticed while away was
the splendid condition of the grain crop in
the West. I noticed it, for my business
compels me to look after it. The wheat crop
is simply enormous. Oats are so plentiful
that saw them sold on the Chicago Ex-
change for % and % cents. Barley is also |
very plentiful, but has been injured by the |
heavy rains. The ordinary article will be
very cheap, while the choice brand will be
dear"