Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-30
A NORTHSIDE HITCH.
EXOrbitant Demands of Many Prop
erty Holders Retarding
THE GROWTH OF OUR NEIGHBOR.
Past and Present Prosperity Of PittSburg
and Peep Into the Future.
NATIONAL BANKS LATELY ORGANIZED

SMr. I. D. Wilson, one of the oldeSt;::real
estate brokers in Allegheny City, is moi
quite satisfied with the situation over there.
He said yesterday: 1.-THE inquiry for prop
erty is good enough, but the trouble is own
ers have such exalted views of values that
ground for the most part is out of the reach
of buyers of moderate means. Differences
between bids and offers range from S1OO to
$500. 1t may be said this is a small matter,
but to workingman with only a limited
amount of cash in his inside pocket it is great
deal. II owners would take more liberal view
of the situation and moderate their demands
to suit the ability Of buyers sales would be
brisk.
This hitch is retarding the growth of the
city and preventing the expansion of business.
But do not wish to be understood as saying
that Allegheny is not growing. What l mean
is, that the growth is not as rapid as it ought to
be, if property valuations were not so high. In
the lower part of the city and in the hill dis
trict many improvements are going forward;
but the upper part is about at standstill for
the reason that have given-the exorb1tant
demands of property holders"
What is the prospect for the completion OF
California avenuef'
"Oh, it will be built. There is enough inhu-
ence' behind it to put it through. With its
completion, and the extension of rapid transit,
that part of Allegheny will be in good shape for
real BOOM"
Concerning the past, present and future OF
Pittsburg, one of the oldest residents, who
"shot ducks where the postof1ce stands" "
makes the following observations: 'Pittsburg
has already turned point as surprising as that
which marks the transformation of boy into
a man. From a substantial, slow-going, ,conserv-
ative city, chiefly remarkable for her industries
resources and achievements, she leaps to the
front as a great city in size as well as in the
magnitude of her business. She is rapidly pre-
senting all the phases of great as well as
prosperous city. The changes wrought in a few
years are so great that many of the old resi-
dents do not realize their full significance. In
deed believe it is the fewest number that ap-
preciate the truth-that the Pittsburg of to-day
is no more like the Pittsburg of 10 years ago
than the young man or woman who has JUST
reached his her full stature is like the boy or
girl who trundled hoop or fondled doll"
:s"There are substantial reasons for these
changes and this growth which are patent to
everyone hence believe there will be no steps
backward, no surrender of what has been
gained Pittsburg is working out her destiny,
which is to become one of the most populous
cities on the continent. Her supremacy as an
industrial center is no longer disputed"
&&4
The following is taken from Review Of
Business in 1889 in England THE past year
has been one of the best in the history of Great
Britain. Certainly it has been more prosperous
than any since 1873. From the very beginning
%n@ 81, do has I'D
the improvement being transmitted from those
industries already active to those which had
previously not felt the revival. The demand
for labor has gone on increasing, and wages
have risen very generally and considerably.
The London Clearing House Teturnslshow that
the clearings were the largest of any year in
the history of the country, amounting to e.
6lS, 766 900. being increase of about per cent
on the year before and 20 per cent on 1887.
Again, the traffic returns of II of our princi-
pal railway companies show an increase of
about 81 per cent, over an increase in 1888 of
less than ~ per cent, which itself was an in
crease of about u per cent over the receipts
of 1886. The Board of Trade returns show an
increase of 1O1S per cent in the imports and
per cent in the exports. ALI the statistics, in
short, combine to prove what has been stated
above, that the year has been of the most
prosperous in our history, and at the close the
prospect for the following IL months is better
than in any year for long time past"
The following national banks have recently
been organized: The First National Bank of
Chehalis Washington; capital, S5O0OU; Noah B.
Cofman, President; Joseph Y, Coffman, cash.
ier. The Hazleton National Bank Pennsyl-
vania; capital, 500. 600; William Kisner, Presi-
dent; Erastus S. Doud, cashier The First Ma
tional Bank of Delta, Pa; capital, $50, 900;
Charles R. McConkey, President; L. K. Stubs,
cashier. The Boxer City National Bank, Ore
gon; capital, $4,000; Benjamin Lombard. Jr.,
President; Charles w. James, cashier. The
Yardley National Bank, Pennsylvania; capital.
$50 900; Thomas c. Knowles, President; Jacob
H. Taylor, cashier. The Gibbs National Bank
Of Huntsville, Tex; capital, $50, 0OO W. s.
Gibbs, President; 6. A. Wynne, cashier. The
Merchants National Bank of Sioux City, Ia;
capital. $1,000 Eugene W. Rice President;
George P Day, cashier The First National
Bank of Wymore Neb. capital, $4,000; John
H. Reynolds, President: Lake BrIdenthal, cash.
ier. The Amsterdam National Bank, New
York; capital, 100000; Stephen Sanford. Presi-
dent; Martin Van Buren,, cashier. The Citi-
zens National Bank of Johnstown, Pa; capital
sIOO 600: Andrew J. HaWs President; George