Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-27
MORE OUTSIDE MONEY
Seeking Investment in Business
Property in Pittsburg.
A HALF MILLION DOLLAR ORDER.
Another Big Deal in Realty at HazelWood
and Several More Pending.
LIFE INSURED IN THE NICK OF TIME

The Pittsburg fever is spreading at rapid
rate among outsiders. They begin to realize
the importance of the city as business
center, and are anxious to get in on the
ground floor. As proof of this Messrs.
Black & Baird yesterday received an order
from parties, presumably in Philadelphia,
to purchase business property here which
will cost in the aggregate from $780,
900 to S500,000 They are willing to pay
probably spoil the deal and cause the loss to
the city of an enterprise of great Importance.
1t was mentioned yesterday in connection
with the sale of St. Michaeps Seminary prop
erty at Hardwood that Samuel W. Black q
Co. were negotiating for the transfer Of block
of IL building lots in the Blair estate. The deal
was closed up yesterday afternoon, at a price
approximating sl6.0OO or 81 900 lot. Buildings
will be erected on them this season. They are
located near the end of the Second avenue
electric road.
The same nrm has deal pending involving
block of about 20 lots and a tract of II acres,
being part of the Blair estate, and within a
convenient distance of the electric road. These
transactions are exciting considerable interest
among investors, and focusing attention upon
Hazelwood as desirable place for residence
The business prospects of Pittsburg were
never brighter than at present All branches
OF trade are prospering. There is no boom in
anything, but the busy appearance of the
streets and stores, factories and Offices affords
conclusive evidence of high degree of activity.
There are few idlers. There is no city in the
country where labor finds more stable employ
hatta Said m.
worker yesterday: "Pittsburg is the best city
in the United States for the workingman. He
not only lives well, but, if careful, lays up
money, and in due time becomes proprietor OF
the house he lives in" A great deal OF real
estate Is owned by workingmen, and many of
them have handsome credits ar bank. The
prosperty:of the working element is reflected
in that of the community at large. There is
such close relationship between the two that
they must stand or fall together.
But the prosperity of Plttsburg should not be
a matter of surprise. Her superior commercial
and manufacturing advantages place her ahead
of all rivals. With an abundance of coal, coke,
iron, oil and natural gas at her very doors, and
with abundance of capital and skill to utilize
them to the utmost, it would be strange if she
did not take the lead in industrial activity. So
far from showing exhaustion, her energies are
in full vigor, and she is constantly reaching out
and finding new markets for her products.
Under such circumstances it is no wonder
that wide-awake people in other cities, less
favored by nature, are desirous of establishing
themselves in business in Pittsburg. Let them
come. There is room for all who want to better
their condition by locating in live place.
The certainty Of death and the necessity for
those having families to make provision for
them are strikingly illustrated by circum-
stance which has just come to light. A few
months ago a prominent insurance agent. since
dead, and friend, an architect, were dining
together in a downtown restaurant. The con-
versation turned on life insurance. The agent
proposed that his friend, then and there take
out policy for $1,000. The architect had no
money. The agent proposed to take note at
three months. This was agreed to. and the
policy made out. Two months afterward, and
before the note was due, the architect was
murdered. In due time the 81 900 was paid to
the widow. 1t was ali she had. With 1t she
purchased two houses. She lives in one and
rents the other.