Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-09
ONE OF THE FINEST.
Brunot's Island 10 be Covered With
Beautiful Residences.
MANUFACTURERS NEED NOT APPLY
Two Important Real Estate Transactions
Involving Nearly $4,000.
OIL CRAZE RAGING DOWN THE VALLEY

It was ascertained from good authority
yesterday that the object in purchasing
Brunot's Island was to protect it from en-
croachments by the river and put it in
shape to make it one Of the most desirable
residence localities near the city. Wide
streets will be laid out and perfect system
of sewerage adopted.
1t is thought it will cost at least $50, 600
to build protecting wall at the head OF the
island. No part of it will be sold or leased for
manufacturing purposes
Among the important transactions in real es-
tate yesterday was the sale of piece of ground
at Hazelwood fronting about 800 feet on Sec
ond avenue bya depth of $50 feet for $l4
The purchasers a prominent bank official OF
this city. who will subdivide the tract and put
1t on the market at once.
Black & Baird sold No. 5l4 Wood street, lot
Is feet inches by 80, to Lentz & K1einsmith for
$4,000. trihe less than $1,000 front foot.
There is four-story brick building on the lot,
which the purchasers will utilize as a restau-
rant
A gentleman Just from the Clinton oil field,
in this county, said yesterday that people down
there are fairly wild over recent developments.
Everything is booming. Real estate, and par
ticularly oil lands two miles west of the town,
is on the jump, advancing in value every day;
and good deal of it is changing hands. As
an illustration of this farmer who lives in
that vicinity tried hard a few months ago to
sell his land at S35 an acre, but found no pur-
chaser. Recently he leased the same land for
period of five years at 500 an acre. Other
farmers have done nearly as well.
Albert Ferguson, one of Clinton's old-timers
and a prominent citizen, has eight oil wells
within two miles of town. One of these wells
is yielding 500 barrels day. The others are
fair producers. His income from these eight
wells is estimated at s., 900 day. How much
further the excitement will spread, or when it
will end is matter that is causing anxiety to
all the people of Clinton.
In the case of Walter against Odd Fellows
Mutual Benefit Society, lately decided by the
Supreme Court of Minnesota, it appeared that
the articles of association of the society stated
that the general purpose thereof was the insur-
ing of the lives of members upon the plan Of
paying to the Representatives" of deceased
members a certain sum, to be assessed upon
the other members The Court held that there
being nothing in the statute or elsewhere in the
articles of association or bylaws limiting the
benehciaries to any particular class of persons,
the word Representatives was to be construed
not in any limited or technical sense, but as
meaning and including any person whom the
member might designate; or if he failed to
designate the person whom the bylaws desig.
mated as the person to whom the money should
be paid, a designation as beneficiary Of per-
son not member of the family of the member
was valid.
The foreign trade movement of the United
States in 1889 was most encouraging. and pre-
sented the best exhibit for several years. The
imports of foreign merchandise still kept up
and amounted to the largest total ever made,
but on the other hand the exports of domestic
products increased largely and made the best
showing of any year since 1880 this being due
in part to the very active export Of cotton IN
the last four months of the year, exceeding
1900, 600 bales and probably worth about $780,
0U0 900. For the IL months ending November
80 the total exports of merchandise amounted
to $3.50, 1853 SS7 and the imports to S7106SS 273,
thus showing balance of SIS, $50 LA in favor of
the country.
Various tests have recently been made with
a view to ascertaining the advantage to be de-
rived from the use of MANILA fibers, as CON-
pared with other substances, in plastering
work. One Of the most conclusive of these
tests was made of four plates of equal size, one
containing MANILA hemp, a second sisal hemp,
q third jute, and fourth with goats hair of
the finest quality. and the operation consisted
in suspending weights from the middle of each
plate the ends of which were properly sup
ported
The result showed the plaster mixed
with goats hair broke at 144k
pounds weight, the sisal at 150, and
the manila at l95-in the latter case
the hemp not breaking, but cracking, and
though cracked in the center the lower balf of
this plate, when it was suspended, held on to
the upper half. the MANILA securing it fast
This seems to settle the question in favor of
MANILA,