Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-02-18
A DEAL BROKEN OFF.
The Best Brewing Company Scared BY
Three Thousand Dollars.
LATEST MOVEMENTS In REALTY.
How . Millionaire Prepares Himself for an
Interview With Tramps.
A DECISION ON THE C. 0. D. QUESTION

II was reported yesterday that the deal
which had been hanging fire for some time
between the Philip Best Brewing Company
and Mr.. McCallip, for piece of ground on
Twelfth and Pike streets, had been declared
Of, the brewing company declining to pay
the price asked. The difference between
the parties was about 5000. Had the
brewing company made the purchase they
would have enlarged the extensive ware
house on the property and uSeu it for storing
Milwaukee refreshments.
Business was in good shape and Of fair pro-
portions yesterday for the beginning Of the
week and on the eve Of an exciting political
contest The most active interest was real
estate and at least three large deals were closed
up, but satisfactory details could not be OBJ
tanned. An offer of something over $4,000 was
made for the Caldwell lot adjoining the Dollar
Savings Bank. Some of the brokers com
planned of difficulty in finding purchasers for
business property on account Of the exaggerated
views OF owners. Small parcels are compare
lively easy 60 sell.
A suburban millionaire told the following
story on himself yesterday. He lives in quiet
retired place near the extreme eastern limits of
the city. His partner in business served s term
as Mayor Said he: Il have always had a fear
Of being waylaid by tramps or road agents, and
have for many years been in the habit Of carry
ing few counterfeit bills of large denomina-
tiOns in my inside pocket as to be within
easy reach in case Of emergency. Thus. If sud-
denly confronted by road agent would say
to him: Certainly sir; ysu have the advantage
of me; take all have, but do not resort to vio-
lence.' Then I would draw out my pocketbook
IL eHara
was considerable money in it, accept it with
thanks and leave me to pursue my journey. 1
would hate to meet the same fellow afterward.
however, as he might not have implicit con-
fdence in the kind of money 1 carried, and
make it unpleasant for me-"
Prophet Benner's prediction that this year
will witness a remarkable revival Of stock
speculation and a perfect boom in prices is
ridiculed by conservative brokers, one of whom
says: such stuff as this is not merely foolish;
it is harmful to a multitude of simple-minded,
honest people who have hard-earned savings to
lnse by indiscreet ventures. People of this
kind are more or less superstitious. They are
too apt to believe the bold and positive assur-
ances of people of the Benner sort about
things they are unable to investigate for them
selves. Benner has no means of knowing more
about stocks than other people; in fact he
knows nothing at all abous them, and all he
says about them is absolutely worthless"
The Commissioner of Internal revenue has
made the following ruling upon the o. ID.
question: Il am Of the opinion that when a
person makes q bona hde offer to purchase
goods, and directs in the same order that the
goods shall be sent by a common carrier or any
one else to place designated by him. the price
to be paid at the place of delivery and the
order is accepted by the seller. and the goods
are separated from the other goods of the pur-
chaser. and are delivered to the carrier with in
structions TO deliver to the purchaser at the
place named by him, and collect the purchase
money at that place, that the place of sale,
under the law of Congress imposing a special
tax upon wholesale dealers, is the point at
which the goods are ordered, and set apart and
delivered to the carrier.
According to a report of the Agricultural
Department. just issued 10 OOO,O 900 acres of for
ests are used yearly In this country for fuel
and lumber. Fires, it is calculated, destroy
100000 acres more. The forest area of the
country is less than 45O0OO,0OO acres. At this
rate we will in less than a quarter Of a century
have no forests. Whatever may come ins the
future from a change in the fuel question the
demands for timber will increase as the coun-
try increases in population. The whole thing
seems TO point to srboriculture on a large
scale and systematically, and in no long time
either.