Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-28
In A BUSINESS WAY.
No Traces of the Panic and Things
Frightening Up at Home.
PROSPECTIVE MILLIONAIRE.
How the Late James Park Managed to Com
bine Comfort and Business.
THE NEWS AND GOSSIP OF THE CITY

1t was stated at the close Of last week that
Wall street spectators had taken to their
holes and pulled the money panic in along
with them. The specuiators came out, but
the panic is there yet. There is not trace
oil it on the financial horizon. Money is
easy in New York" is the burden of the
daily reports from that city. Here it has
been easy enough all along. At no time
this season have good borrowers been re-
fused accommodations. The only effect OF
the stringency was to make fnanciers little
more cautious in making loans SO as to protect
home interests. There was no advance IN
rates.
Resources Of the local banks were largely In
creased during the past week, due to liberal de-
posting by manufacturers and merchants,
whose sales were unusually heavy. and any lin
gerfng apprehensions of a further contraction
were entirely dissipated. The signs all point to
plethoric money market the remainder OF the
season. as well as to a heavy trade.
$50
He Has Good Thing.
Amodest, unpretending tradesman bought
lot some years ago on a prominent street in
Oakland and settled down to build up his busi-
ness with the growth of the street. He did not
want to 60 West. and took chances in the sub
urbs Of this big city. His lot, 22xlOO, cost
about $500 seven years ago. and he had no near
neighbors to distract-hlm from his business or
menace him in the enjoyment of his own little
cottage. He Is q bachelor. and a carpenter,
and, having no one to look after or provide for.
takes life easy. He makes and repairs Venetian
blinds, screens for doors and windows, ironing
boards and almost anything required in that
lfvo o,,l1 1,an far soil hnfn h
little shop.
The neighborhood has grown very much
since he pitched his tent and his more aristo-
cratic neighbors feel that he should either give
up the ghost or sell out He will do neither.
He has been offered about five times as much
for the lot as he gave for it, but to all appeals
he shakes his head and keeps the plane NOV
Ing. He has been sued for allowing the water
to course over his little roof on to an adjoining
lot. Like Job, he murmurs not, but increases
the price of his lot. When the street was
graded 1t was thought the march of progress
might suggest to him some other spot. He
paid the bill like q major and doubled up the
price of his lot. They then severed it and had
no idea he could survive this raid upon his
treasury. He paid this bill also and again
doubled up on the price of his lot. As he sits
in the evenings before his little cottage the
smiles upon his face play like sun beams at the
thought that if values keep rising in the same
ratio for the next Is years Atwood street will
have at least one millionaire.
The man is not disliked for any personal
reason, but his little shop is said to have no
Elective value. The man evidently appreciates
this fact and realizes that he has good thing
and the only thing of the kind in the neighbor.
hood that grows without effort 1t is said that
he has been offered very nice brick house
with mansard, bath, vestibule, electric bells,
tile hearths. speaking tubes, plate glass win
dows, and q lot on paved street. for his lot
and shop, and yet he Is immovable. He evil
IDENTIFY believes that everything comes to the
fellow who waits.
Philosophy In Business.
Pittsburg business men are hard workers and
should make their surroundings comfortable.
A gentleman, referring to this matter yester-
day, said he visited James Park at his mill a
short time before his death, and was ushered
into a room fitted up with an imported carpet,
handsome furniture, bed, bath. books, and
many other things for use or ornament. The
gentleman. q relative of Mr.. Parks expressing
surprise at his magnificent style of living in
the midst OF such surroundings, Mr.. Park re-
plled: "Why not7 live here more than half
the time. Frequently in case of accident or
when orders are to be hurried, am here all
night. Some of the most anxious hours of my
life are spent in this room. ! visit my family
as often as possible, but this is as much my
home as the one in which my wife and children
reside. This IS why I surround myself with
the conveniences and comforts you see here"
This is phase of business life not generally
understood, but 1t is none the less worthy Of
imitation for that. Business is business is an
old saying, but it does not follow that it should
descend to drudgery. Like everything else, 1t
is susceptible of amelioration. Mr.. Park found
a way to relieve it of some Of its disagreeable
features, and what he did others can do. Busi-
ness men cannot put off care and responsibility,
but they can easily make their environments
harmonious and attractive and in this way
provide for their physical comfort while dis
charging their regular duties. This would
Danish many care and prolong many val
liable life.
Quite Difference.
A Is a grain merchant. He buys 1000 bushels
of wheat actually buys it, and pays 81 a bushel
The wheat is shoveled into bins, and he holds
it for rise. He sells it for 81 So He makes
$500, and is pronounced shrewd financier and
an honorable man. b agrees to deliver to c,
~ snieo Aou'h'' A,Voo pusneis VI Wneat ab el
Wheat declines to 90 cents, and he also makes
$500. He is called a gambler and criminal.
Both have dealt in futures" Both are specu-
lators. Please tell us the difference.
A buys the farmers product at the market
price, pays for ii, preserves 1t, and afterward
sells it at the market price. Thus he furnishes
the farmer a market for his grain, puts the
full money value of the grain in circulation
and when he sells the wheat, supplies the de-
mand Of the market and the wants of the con-
sumer. This is legitimate business. That he
the grain from the market for time
may be a necessary part of wise economy 1t
prevents waste in time of plenty. and famine in
time of scarcity. simply bets with O on the
future price Of grain. He furnishes no market
for the farmer, and no supply for the consumer
He may buy millions of bushels of wheat and
vet take nnn hnshel ont of thu 70 rnnar.s hin