Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-16
A GENUINE BONANZA.
How -Four Persons Made Money by Invest.
ing In Real Estate-Business Well on
Its Feet, but Danger Signals
Seen in the Diatnnce.

Two years ago four persons-two preach
ers, school man and a clerk-deposited
$40, 900 with Black & Baird for investment
in real estate at their own discretion, their
only instruction being "Do the best you can
for u.s." The investment was made in un-
improved land in the East End. Yesterday
the account was closed, and the investors re-
ceived checks aggregating S1S,422. They
were ignorant of the amount of their gains
until they learned it from their checks, and
it is needless to say they were agreeably sur
prised.
They propose to try their luck again in
the same way. ''There is plenty of good
property still on the Market" said Mr..
Gloninger, who managed the deal, 'and
think can do as well by these people as 1 did
before. The only difference is that it takes a
little more money to make deal now than it
did two years ago."
The statement originating in the East that
farm lands in Washington county. or anywhere
else in Western Pennsylvania, are decreasing
In value for any cause. finds no credence with
people familiar with this description of prop
erty. A gentleman who, perhaps, handles more
farms than any other man in the city, said Sat
urday: THE statement that the farming inter-
est is playing out is all bosh. 1t is in more
prosperous condition now than it has been for
years. This is shown in the large demand for
farms, as well as in the higher values at which
they are held. Farm lands are at least Is per
cent higher than they were two or three years
ago, and look for them to make another
jump.
Farm buildings are being improved or new
ones erected, fences are being repaired or
made, and the ground is better cultivated than
ever before. Does all this indicate that farm
ers are disgusted with the business? On the
contrary. they are thoroughly satisfied. They
are living like lords and making money. The
story of their poverty and dissatisfaction may
do for the marines, but it won't 60 down with
people who are acquainted with the facts"
When railroad engineer sees danger sig
nal or an obstruction on the track, he promptly
whistles down brakes" Timely warning fire.
quently arrests a catastrophe, or mitigates its
effects. He would be poor sailor who would
plunge his ship into a storm with all sails set.
and dancing in the cabin.
Crises in business spring from rashness. The
men who bring them about, or are mainly re-
sponsible for them, in most cases act on their
impulses instead of their judgment. In their
eagerness to accumulate wealth, they take
desperate chances. Danger signals may be
flying all around them, but they are unheeded.
They rush on regardless of consequences, trust
ing to luck for success. They may come out all
right, but the chances are that they will come
to grief.
While the business of the country is moving
along smoothly, steadily gaining in volume. and
day by day affording fresh evidence Of staying
qualities, 1t needs watching. There is danger
ahead. 1t may not be visible to the uninitiated,
but veterans In finance, who have breasted
many a storm, discern the elements Of trouble
which, unless promptly counteracted. may lead
to disaster. Chief among these disturbing
causes is q possible monetary stringency result