davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
STOCK POINTERS IN LAW.

A New York Judge has elevated the
speculative tip, or pointer, to the rank of
a business commodity or service. He
holds that where one man gives another
information from which the latter makes
money in the stock market the first may
enforce an agreement if it is previously
made by which he is to share the profits of
the operation. The importance of the
ruling is somewhat minimized by the in
frequency of the resultant profits, it being
a proverb that the man who operates on
pointers takes the speediest road to the
poorhouse.
Nevertheless the principle needs a lit
tie addition to make it complete The ar
rangement by which pointers are to be
followed being thus elevated to the rank
of a business contract, it is pertinent that
the binding force of a contract lies in its
mlBuality. 1t follows, therefore, that the
receiver of a stock pointer could enforce
a contract by which the giver of it shall
share the losses as well as the profits One
arrangement is obviously the complement
of the other, and can be enforced as well.
If the stock tip business were made sub
ject to that liability, it would speedily per-
NIT its practitioners to get out total of
debt that would rival the debt of Euro
pean power or one of Jay Gould's railroad
systems.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
THE OFFICIAL sCAPBGoAT.

The announcement is made, as result of
the Government investigation of the Phil
adelphia bank case, that Bank Examiner
Drew will formally retire from office this
week. Under the circumstances the gen.
eral public can hardly be blamed for con-
sidering this deliberate conclusion to
make Drew the scapegoat.
Whatever dereliction can be charged to
| Drew in connection with the Keystone
Bank affair, the Comptroller of the Cur
rency not only condoued, but indorsed, after
he was aware of it, by continuing Drew in
charge Of the bank. THE DISPATCH has
already pointed out that by the Comptrol-
ler's own statement he showed himself
guilty of incompetence or worse, in leaving
Drewin charge after the latter had failed to
report the serious condition of the bank for
three weeks. Such statement in Opposi-
ton to Drew's assertion that he reported
the matter promptly arouses incredulity,
and in connection with other facts strength
ems the suspicion that the Comptroller has
not told by any means all he knows.
The fact that there is an unexplained dis
appearance of large amounts of funds;
that there is general agreement that
these went to some person or persons as
yet undesignated; that statements of
Bardsley indicating such persons have
been suppressed; and that Drew is to be
retired after a secret investigation, when
the statements of his superiors show them
to have shared his dereliction, all point to
very unpleasant conclusion. 1t is that
the person really behind the plunder of
the wrecked bank has power enough, both
in Philadelphia and Washington, to pro-
cure the suppression of the evidence where
ever il comes near to disclosure
With that indication cropping out at
nearly every turn Of the case, the public
cannot be blamed for coming to the con-
clusion, that there is more rottenness in
the covering up of this case than in the
plundering that has been exposed.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
INCREASED TRANSIT oTBE PARK

Although the electric and cable lines
put on additional cars Saturday, and all
their cars were jammed to the point of
suffocation, the facilities were inadequate
for the accommodation of the immense
travel to Schenley Park. This proves that
an increase of the transportation facilities
will be necessary before the next popular
event there An additional line of travel
to the park need not antagonize the street
lines. 1t would simply afford accommo-
ton for the people when the street cars
cannot accommodate, and might also at
tract considerable travel from quarters
which the other lines do not reach.
Such line is already in existence in
the Junction Railroad and its connections.
This track is now used exclusively as a
freight transfer; but on gala days at the
park it could be made available for pas
sengers during the few hours its facilities
are in demand. Trains starting from AL
legheny at one end and the Baltimore and
Ohio depot at the other could reach the
park in few minutes, run frequently
enough to carry thousands, and make
money at cheap rate. There is no Ques-
ton that the Junction road affords the
necessary factor to make the park easily
accessible to the masses from all portions
of the two cities.
1t is to be hoped that by the next time
anything occurs to call the people en-
rmasse to the park this additional route
will be opened. There is good profit in
it for the road; and the influence of those
who are interested in the parks popular
ity should be brought to bear in favor of
its utilization.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07

ABOUT as quick piece of work as one may
hear of in great while was done in Sewick-
lew few days ago, when the electric light
plant of the Ohio Valley Company was
moved from the leased quarters on Centen-
nial avenue to the company's power house
at Quaker Valley. In order not to leave
Sew1ckley streets and many houses in dark
ness 1t WAS necessary to move the plant and
re-establish 1t between sunrise and sunset
Accordingly President E. P. Young, j. NJ.
Updegraf, the company's chief engineer,
and several assistants took the work in
hand at dawn. The machinery to be moved
included the two dynamos, which respect
lively supply the electric current for 40 arc
lights on the streets, and $50 incandescent
lights in houses, and which weigh nearly
two tons each, and Westinghouse engine
5000 pounds in weight. AS soon as it was
daylight, and while the engine was still SO
hot that the men in handling it were forced
to use cotton waste, the work began, and
by means of differential blocks the heavy
machinery was hoisted on to q heavy cart,
which had been strengthened with big
t1mberS, and was drawn by four strong
horses. So diligently did the men work
that by noon all the machinery had been
hauled under the care of George L. Little to
the house at Quaker Valley, mile away.
There foundations had been prepared for
the engine and the dynamos, but in addi-
tion to making them fast the pipes from the
boiler to the engine had to be cut and fitted
after the latter had been bolted down. But
everything went right, and at O'Clock,
sooner than was really needful, the engine
was In motion and the dynomos doing
light, healthy business as usual Mr. Young
and his colleagues are somewhat tickled, be-
cause very few people in Sewickley are
even aware that the electric plant has been
moved.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
CLAIMING TOO MICH.

In connection with the decision of the
administration to extend the 415-per cent
bonds, the New York Press makes the
usual mistake of the Republican organs
by claiming that the Treasury Depart
ment "could have just as easily paid this
remainder of $50, ,s69, goo in the next two
months as not" If the Treasury could
have paid off these bonds 'just as easily
as not" there is distinct betrayal of pub
lie duty in not doing so. The Treasury
has no right to use public funds in paying
unnecessary interest at the rate of a
million dollars year; and the fact that a
necessary interest payment of $1,000, 600
annually is reduced to a wantonly un-
necessary payment of the amount does not
one whit detract from the wrong of the
transaction.
The Press does not improve the matter
by claiming that the extension is proper
because ''the quantity and quality of the
currency" were at stake in the retirement
of the national bank notes. This is mere
juggling with the facts. For every $780,
600 of bank notes retired by the payment
of bonds 81 100000 of coin or legal tender
would be put in circulation. Under the
law the funds paid out would make a re-
serve for bank credits of four times their
amount. So that it happens to be the fact
that both the quantity and quality of the
currency would be improved by the pay
ment of the bonds-if the Treasury has, as
alleged, the money to pay them.
The administration organs are so anxious
to escape from the charge that the ex-
tension is due to raids on the surplus as to
offer explanations which practically al
lege policy of public bad faith on the
part of the Government If the Treasury
has the money to spare for the payment of
the bonds and does not pay them, it has
been guilty q dsubordinating the public in
terest to that of special class.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07

honestly believes his enterprise will sue
ceed. he cannot be charged with dishon-
esty. But he may be very severely
blamed, for man of his profession should
be able to determine by actual surveys and
accurate figures whether his conclusions
are correct before inducing the masses to
invest their earnings bytens-of millions on
his representations.
But there is another way of;looking at 1t.
If De Lesseps can pr0ve'that he was only
over-sanguine he can be acquitted Of the
charge of dishonesty, though not of the
blame for insufficient care. The best
proof, that a man was honestly over
sanguine as to the success of an enterprise
which. he conducts, is that he invests his
own fortune in it. II DE Lesseps can
show that his fortune was sunk with
the rest in the Panama Canal enterprise,
he will make that plea good. But If, like
a great many managers of corporate en-
terprises, De Lesseps remains individually
prosperous while the money of the in
vestors has disappeared, we can hardly
blame the cold and unfeeling French law
for declining to be impressed with the
pathos of his case so much as the pathos OF
the case of the small investors.
tits Of course matter of conjecture to
people on this side of the ocean; but it is
much to be feared that if De Lesseps has
to denude himself of his fortune to main-
tain his honesty, he will conclude to stick
to his gold and let the honesty slide.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
IT is an interesting piece of news that

IT is an interesting piece of news that
Vice Consul Fales has been appointed by
the Chinese Government one of its Commits
sioners to the Worlds Fair cat a princely
salary Princely salaries are the one out
ward and unmistakable sign of official posi-
tion at the Worlds Fair, and we are glad to
learn that China is in harmony with the gen
eral rule. 1t would be interesting to learn
whether the Chinese allowance is any more
princely than the sum which the theory of
one of the political gentlemen appointed on
the Pennsylvania Commission divides up.
We refer to the idea that the appropriation
of $500, 900 is intended to pay the expenses Of
the commission to thevery neatstune OF $40,
900 per commissioner.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
TALK OF THE FAMOUS.

ADDISON CAMMACK'S new cottage at
Tuxedo Park will cost him about 800 OOO
"a LORD TENNYsoN has been greatly bene-
flied by his cruise in the English Channel.
ARCHBISHOP IRELAND, the Roman
Catholic Archbishop of st. Paul, Mimi, de-
livered the Fourth of July oration at the cell
ebration at Fulda, Murray county, Minn.,
yesterday.
REV. G. T. PACKARD, who was for some
years connected with the editorial staff of
the Boston Advertiser, is now engaged in the
work of revision of Worcester's Dictionary
in Philadelphia.
BEFORE Mrs. P. 7. Barnum sailed for
Europe she sent the comfortable rolling
chair used by Mr.. Barnum during the last
few months of his life to the Bridgeport Hos
pital for use in that institution.
DIR. OUCHTERLoNY, of Louisville, has
presented to the Catholic University at
Washington large and valuable archeolog-
ical collection illustrating the prehistoric
antiquities of the Mississippi Valley.
WILLIAM MILLER, of CRANKY, Mass, is
60 years of age, has not been 100 rods from
his home in IL years, and has all his life
heart disease, and fears that any change will
cause instant death.
JOHN BURNS, the British Socialist and
labor agitator, was educated in the English
public schools. and is a deep student of the
questions in which he is interested. He is
much in earnest, but his views are moder-
ate and without anarchistic tendencies.
SENATOR MCPHERSON, of New Jersey,
owns one of the finest salmon streams in
Canada, the Noteshasquan, which is re-
puted to be alive with gamy fish. The SEN
ator's angling outfit is Of irreproachable ex-
cellence-in fact, the Senator himself be-
lieves it to be the finest in America.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
ROOSEVELT AND THE SENATORS.

Mr. Theodore Roosevelt has lately been
the target of attack by some opponents of
civil service reform. The salient point of
the charges against personal defense of
fhe system is that he had called such Sena-
tors as Plumb and German liars. Mr.
Roosevelt has made a reply in which he
aggravates his yoffense, not by calling those
Senatorial lovers of the spoils system liars,
but by proving that in their attack on
civil service reform they did not consider
it necessary, to be bound by the limits of
VeTacIty.
The facts stated by Mr.. Roosevelt are:
Botn these Senators made direct and posi-
five charges against the Commission.
Senator Plumb's charge was that the Com
MISSIONS actions were covered by favorit-
ism. The Commission very properly met
this by requesting the Senator, if the
eavOriJiSm was the act of the Commission
tself, to present proofs of it to the Prei-
dent; if of its subordinates to lay the eyi-
dence before the Commission. Where
uron Mr.. Plumb dried up.
Senator Germans assertion was more
specific. He declared on the floor of the
Senate, as of his own knowledge, that a
friend of his in Baltimore, an applicant
for the position of letter carrier, had been
asked such horTid questions as the most
direct route from Baltimore to Japan and
he number of lines of steamers plying be-
tween this country and Europe. MI.
Roosevelt thereupon wrote to the Senator
isiing that as such questions were con-
Tary to the orders of the Commission,
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
A Novel Trap.

For some time N T. Kuhn, the able agent
of the Adams Express Company in ALLIE
gheny, has taken q delight in presenting
dogs to his best friends, and so complaisant
in this matter has he been that when any of
his associates feel a poignant desire for a
dog they make no bones about asking him
to get it for them. Yesterday Mr.. Kuhn
himself broached the question of a canine
gift to one of his friends, and the latter mod
estly answered that he had long wished to
have st. Bernard dog.
'"The only objection is st. Bernards are too
large" Mr.. Kuhn said.
There differ with you," replied his
friend. "I think the noble creatures are
just the right size; massive, stately, regal
animals"
"But they're not the right size for me-" OBJ
jecte6 Mr.. Kuhn.
81 thought it was gift you proposed to
make to me-" said the other.
$50 it is, but have to get the dog first"
and as Mr.. Kuhn said this he winked with
Mephistophelean slyness at his mystified
friend, and then with every evidence of con-
fiding candor he continued: sYou see there
is a coalhole in front of my place and have
fitted into it waffle iron. When small
dog steps upon this the iron turns over and
deposits the dog in the cellar. It's capital
dog trap. but you see it wouldn't work with
a st. Bernard"
And now Mr. Kuhn's friend is wondering
whether he walked into a trap.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
THEATRICAL NOTES.

THE new comedy drama "Fair Play" which
was given at Harris Theater yeste rday for
the first time is not calculated to astonish
the nation with it's originality, but it is an
amusing Entertainment which gives the
Standard Dramatic Company plenty of op-
portunities for some good acting and clever
specialties.
"THE Fall of Pompeii'' will now certainly
be shown at Recreation Park beginning on
July 49, Seats for 1900 people are to be
erected and contracts for the work have been
given out. The spectacle is gigantic un-
dertaking but should in the general dearth of
summer amusements prove success.
The benefit for the striking carpenters
will take place on Wednesday and Thursday
evenings of this week at the Bijou Theater.
"a Chip o. the Old Block" will be played by
a competent company.
"THE Hunchback" is to be given by local
amateurs on Mt. Washington on Thursday
and at the Bijou Theater on Friday, this
week for charitable objects.
THE Opera House is now in the hands of
the decorators, and some important changes
are to be made in the auditorium
DAVIS Theater win be ready for next sea-
son beyond q doubt.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
TALK OF THE TOWN.

An Architects Views on the Strike-Electric
Movement in Sewickley-A ID og. and
Man Trap-Some of the Gossip of Day
in and About the City.
TALKING upon the prospects of the build
ing business F.,E. Rutan, the architect, said
yesterday: "There is no disputing the fact
that the strike has effectually put stop to
the erection of large buildings for the re-
mainder of the year, and in fact nothing
that cannot be brought under roof before
winter will be attempted in the building
line. But no such embargo affects the build
ing of smaller structures, of dwelling houses
and the like. There is already great activity
in this branch of the business, and the archi-
tects Of the city have their hands full pre-
pairing and completing plans for homes
which will be built this year. Next year,
there is every reason to believe, will make
up for the deficiencies of this as regards new
buildings in the business part of the city and
the residence suburbs. The strike was so
we'll advertised long while before it took
place that lots of people who intended to
build this year abandoned the idea then,
ana It is now too late in the season for these
plans to be carried out. 1t is a temporary
setback, for which the architects as much
as anybody connected with the building
interests have had to suffer. What the car
penters who struck will do next winter,
when there will be no or very few buildings
in which work could be carried on in cold
weather, possibly they know-I don't"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07

and as its records failed to show that any
such questions were on the examination
papers, the Senator would "kindly indi-
cate the date and place of the examina-
tion." This the Senator failed to do; and
Mr. Roosevelt made public statement of
the fact after due interval. Two years
later, however, Mr.. German relieved
his mind by stating in a speech In the
Senate that because he had Criticised the
action of the Commission" he had been in
turn Every severely criticised" by the
President of the Commission, which he
declared to be "simply,an outrage and a
piece of audaeity."
All of which puts the Senatorial advo-
Gates of the spoils systemIn anything but
an agreeable light. 1t will not reconcile
those lofty gentlemen to Mr. Roosevelt,
but it is quite probable that Mr. Roosevelt
had no thought of pleasing them, 'when he
produced this statement.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
THE DE LESSEPS CASE,

Concerning the prosecution of De Les
seps in connection with the failure of the
Panama enterprise the New York Tribune
says:
NJ. de Lesseps was over-sanguine and
blindly credulous wlren he undertook the
construction of the Panama Canal, but he is
a man Of genius, whose misfortunes excite
sympathy. There is something extremely
pathetic in the spectacle of the great
Frenchman's reverses of fortune in his old
age.
This is one way of looking at the partici-
patton of man like De Lessseps in finan-
cial undertakings that result in ruin to
thousands. Its quite possible to imagine
thata manmaybe over-sanguine and blindly
credulous, as the above extract asserts De
Lesseps to have been, concerning pro-
ject he recommends To the public. 1.-The
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
PITTsBURG, TT EsDAY, July !, 1881.
THE UNIvERsITYs PAST AND FUTURE.

IN
The pride of the city should turn so
largely upon its public institutions that
everyone who feels an interest in Pitts
burg will wish Doctor Holland success in his
efforts to make the Western University
what it should be, broad d-gauge educa-
tional institution, specially rejecting the
peculiar advantages with which its Situa-
ton at ''the workshop of the continent"
should endOw it, and representing in some
degree to the outside world the potency
for good of the enormous private wealth
ly which it is surrounded. From this
point of view it is fortunate rather than
otherwise, for the University, that critics
have arisen to challenge Doctor Hollands
recent statement of the parsimony with
which the institution has been treated by
the community up to date. The Doctor
alleged that, leaving out the donations of
the late William Thaw, whose munificence
was splendid, only about $50, 600 was con-
tribUted to the University for buildings
and endowment" in the seventy-two years
OF its existence The accuracy of this
statement was Immediately questioned
We think Doctor Holland elsewhere in to-
days DISPATCH sufficiently supports his
case TO warrant the general assertion in
the spirit in which it was made.
But the discussion gives fit occasion to
say that it is not microscopic and fault
finding analysis of the new Chancellor's
casual dicta which is becoming, but a
generous disposition upon all sides to take
hold with him and build up University
5.,f o.o+o i'm Hmm
OF the youth of Pittsburg, and of the
territory surrounding, are sent away every
year for an education which their parents
in the long run find it more practicable,
and in many cases vastly more beneficial,
to secure for them at home. The facilities
for making the Western University a seat
OF academical learning worthy to rank
with the more famous colleges of the East
and the West exist here fully as much as
at Cambridge, New Haven, New York,
Princeton, Baltimore or Ann Arbor. The
facilities for establishing school of
technology that might be renowned in the
nation are positively greater here than at
Boston or at Troy, where such institutions
are immensely successful Only the money
is needed.
Doctor Holland is eminently right in
earnestly asking for liberal support from
community so abundantly able to bestow
it. Whatever is given will come back to
the community in tenfold measure In
stating clearly what may be done, and in
pointing out pungently how relatively
little has hitherto been done-always eX-
cepting the generous gifts of William
Thaw-Doctor Holland has taken the sub
ject by its only proper and effective handle;
and we wish him success fully proper
toned to his energy and earnestneSS.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-07
A Painful Piece of Deceit.

"YoU might just as well take friendly
drink with u.s." was the remark of young
man to his friend, who had refused to join
jovial crew in a downtown club, "for to-mor-
rows Sunday and you can sleep as late as
you like"
This argument was powerful, and the man
to whom it was addressed allowed himself
to be4drawn from the paths of virtue just
far enough to make him feel particularly
happy, if little hazy. But, as was hardly
surprising, be discovered late in the even
ing that the next day would not be Sunday
Friday has an invariable habit, and incon-
venient it is at times, of following Thursday
and the young man sought his beguiler
with blood in his eye.
"Why did you tell me to-morrow's Sunday
when fits Friday2'' he said.
1t is the gentle answer that turneth away
wrath, and SO the deceiver turned it away
this up little longer, the day You wake up
will be Sunday!"