Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-07
ANOTHER GOOD IDEA.
Arrangements for an Entrance Way
From Fourth to Third Avenue.
THE VAIL OF A BUSINESS MAN.
Confidence in Electric Shown by Another
Sharp Rise in the Stock.
THE NEWS AND GOSSIP OF THE CITY

1t was learned yesterday that the Citizens
Insurance Company has arranged with Mr..
E. M. Ferguson to make an entrance way to
the large office building he is putting up on
Third avenue. This will give Fourth
avenue entrance through the Citizens
building to Mr.. Ferguson's. and will make
tine location of the Citizens Insurance Com
pany on Fourth avenue one of the most i'm
portant and central points in the business
center of the city. Besides, it will be of
great value and importance to the Fourth ave-
nue. property as well as to Mr.. Ferguson's
Third avenue office block.
This is a move in the right direction. Pitts
burg is being built up SO compactly that better
communication between the streets than exists
is a necessity for the expeditions transaction
of business. Entrance ways from street to
street abound in all other large cities. 1t is n
great waste of time to be compelled to walk
arouno square to reach place on the next
street. Now that a start has been made it is TO
be hoped that this convenience to the business
of Pittsburg will be extended to all the prin-
cipal thoroughfares or wherever needed.
A Business Mans Complaint.
There are SO many conflicting interests that
1t is impossible to satisfy everybody. Improve
mentS that are beneficial to some are detri-
mental to others. The best that can be donc is
to satisfy the greatest number. A business
man On Smlthfield street, above Sixth, in con-
versation yesterday, complained that his trade
was not up the pitch of two or three years ago,
and in explanation OF the decline. remarked:
"Cable and electric roads are good thing
for the people, and have done wonders in stim-
ulatIng the growth of the city, but they have
hurt business on this part of Smithfield street.
Before they were constructed people in the
East End travelled on the steam cars and
were deposited at the Union depot,
and tol reach the downtown districts they
bad to come this way. This was good location
Tor business then. 1t was to catch a share of
this trade that left Fifth avenue. But since
the cable and electric cars were started great
change has taken place. They do the bulk of
the East End passenger business, and by bring
ing the people in over other streets they have
diverted travel from this locality to others
further down. There used to be a steady
stream OF humanity passing my door, coming
and going, from morning till night, but now
there is very little more than the ordinary city
movement. The East End trade has been prac-
tlcally wiped out This has cut down business
here from 25 to so per cent. AT least that is my
experience.
while this end of the street has been losing
ground as a business location, the lower end
ments are down there. But this is easily ac-
counted for. Rapid transit roads have been a
benent to 1t, bringing grist TO the mill instead
of taking il away. and it is in the line of South
side travel, which is big thing. and getting
bigger every year. consider property on the
lower end OF the street is worth a great deal
more than up here. and think every goodb
iness man will bear me out in this opinion"
Bound to Find Out.
William A Ford Secretary and Treasurer Of
the Ben Franklin Insurance Company, is in
Washington, to obtain, if possible the inside
facts in regard to the Government deal tor a
postofice site on Stockton avenue.
Business News and Gossip.
Electric scrip brought AZ in a regular way
yesterday.
]. B. Larkin Co. have an offer on the st.
Michaeps Seminary property at Glenwood that
is within 81 900 of the price asked tor 1t. There
are about nine acres in the tract, with large
frontage on Second avenue.
1t was reported yesterday that the Camp
property, Shady Lane and blanchard street.
had changed ownership. The price named was
about $4,000.
There was big batch of mortgages on 1le
yesterday-49 of them. The largest was for
$4,000, given by NJ. l. Mellon to tie Orion Oil
Company as security for purchase money.
The c. T.. Thompson Pottery Company of
East Liverpool, O., capital stock SlOO,0OO has
been Incorporated.
Business is SO brisk on Change that there is
no longer talk of selling the building. 1t is
Still In the market, however.