Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-16
THE DOOR TO WEALTH
A Business Man Advises Everybody
to Invest in Real Estate.
1T NEARLY ALWAYS PANS OUT.
Speculation Slow and Strictly in Line
With the Perspiring Weather.
THE NEWS AND GOSSIP OF THE CITY.

Almost the last advice that John Jacob
Astor gave to his boys was to buy land. He
considered it the basis of all wealth, and
therefore perfectly safe as an investment.
A business man on Fourth avenue who
owns considerable real estate. and is on the
lookout for more, said yesterday that it had
been his experience through life that judi
cious Investments in realty always paid in
the long run. This observation has special
force in this part of the country where new
towns are constantly springing up, new
man ufacturing plants located, and oil and
gas wells put down. Land for which there
seems to be no use to-day may be in demand
tomorrow. The country is filling up so rap
idly that land cannot be kept out Of the mar
ket indefinitely There is, or soon will be, use
for every acre.
He added: EVERY foreigner, whether Pole,
Hungarian or Italian, who settles in Pittsburg
adds something 70 the value Of real estate. He
does not consume NJ costly food nor wear ~
good clothes ~ Mr.. Carnegie, but he occupies
as much room where he eats or sleeps. This
enlafges the demand for houses. which, In
turn, Increases the sales Of land. Then. again,
tho addition OF about $40, 000, 900 q year 20 tho
medium Of tho country. as provided
In the SILVER bill which IL now law, will reduce
Interest 10 or per cent. ! think this cheap.
oning of money will be o great benefit TO poor
people. as IL will give them better chance to
acquire homes and otherwise improve their
condition.
These considerations" no concluded, elm
duoe me TO believe that the landed interest will
~ a. rro,S e., ~, 80 ,puoh An ,hs vav os an.
''. % ',,s, a., rnixsrs.,,,v 90 a.
s M, - a." -, "a 4, 49,.
mhnu. Inc IeNeI u on anu rising, anu ~ loohs
.vory mar hooomas tho owner of the Qround
upon which he lives. How can real estate
falter under such conditiousf My advice TO all
is 70 buy land. and as much of II as possible"
s.s
mr. Rsr.a, IN Thou.npd,.
es,., "a ,uno,o, oid dao,h hon.s, and
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- - a.. ~. hr,,hIar yaILs
" = -, a. troaIon,oho
" ~ W. $50 .a; - thomsa,d. 81 s,r,oL
yang a., aiu ~ so-,,.,
Gu ia'niiies anu Inspiring 'nooo "Le nv, a.o
ate enough IN peing memoers WIN oou.A Ake
which might not exist IN their nears "ltnou'
them. Inc members OF tnese orgauizatlons
ter, SuperinlenuenI VI .,..in non
W. 80 49, aSsoo;a,iono ora doinc and a. ,s
- 70 ~ s.u ,hs. ~ othor hranch of the censns
SCI, - ~ 1' -, .,.s.i.'-
Tho hrs,nass ~ ,otharinc tho data has besn
S s. ~ Sh"r,os Tonnau
Fs, - = ..--... ,,.;., 20 yU;i,
- 49, at. 80 an ass,oi ,tions
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''--
composition WIN Credhors'
Among recent decisions OF the supreme
Court affecting real estate and commercial in
terests was one wherein it was held that de-
tendant who seeks to defeat clear legal liabI
ity on the ground that plaintiff has signed q
general composition OF creditors, must prove
performance of every condition on which the
effect of said composition is limited. The fact
that party enters up a mechanics lien fol
materials furnished does not release the pur
chaser from personal liability for such materi.
ais. and hence the failure of a holder of such
lien to sign an agreement OF creditors which
provides thai it shall not be binding unless al
creditors sign, is fatal, and a party who sign!
the same is not bonnd thereby.
Business News nnd Gossip.
Tooa, arcbitects are in clover. One of then
said vasterdav that he had never known 81
bnsv season since he came to Pittsburp to,
Years ,oo
A fire insurance solicitor. with a smile al
over his face. was encountered Yesterday after
noon and In reply to the question. SLOW i
business?u said he had done more So far tbi
month than duriue the entire month of June
He has written noIicies for a great manv new
bopses
Among the "reminiscences on Fourth avenu,
yesterday was one to this effect: A few years age
a man came here from Boston and started a sho,
store on Wood street. Nothing suited him
He said Pittsburg was no place for business
and would soon 20 to the dogs. Finally th,
Sheriff shut him up and he went back Il
Boston. A year or two later he returned anc
accepted clerkship on the same street where