Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-12
P|TTSBURC'S ON TOP
Politics Does Not Interfere
With Her Prosperity or
Her Enterprise.
BIG REAL ESTATE DEAL.
A Syndicate Hesitated for a Moment,
but Soon Decided to Buy.
Tue CITY'SSTATUS FIRMLY FIXED
J. P. Scott Discusses the Possible Effect of
low Tariff.
BIG REAL ESTATE DEAL.
THE CITY'SSTATUS FIRMLY FIXED
NEWS OF THE GREAT LABOR WORLD

The result of the election nearly caused a
large real estate deal to be declared of.
Several weeks ago a number of capitalists
formed syndicate to purchase a large tract
of land in the East End for the purpose OF
laying it out in lots. Everything was ar
ranged and all went we'll until the day alter
the election, the time agreed upon for per-
tecting the deal. At this meeting three of
the members signi6ed their intention to
withdraw from the arrangement, giving as
their reason that they did not consider the
investment good one. They thought the
change in the tsriff schedule which the
Democrats are expected to make would
have serious effect upon the industries of
Pittsburg and in striking down these they
would depreciate the value Of real estate.
'It was superficial view they took of the
matter" said a member of the syndicate,
''tor no man, after inquiring into Pittsburg's
status, would think that the changing of
the tariff, even if it were radical, would be
able to destroy the city's standing as q man.
ufacturing city. We have all the advan-
tages OF location and superiority in work
manship and skill, and it would be very diff
fcult to encroach upon our established In
dustries
Saw the Absurdity of Their Position.
with but little argument we soon per-
suaded the gentlemen who wished to retire
of the absurdity of their position, and they
not only agreed to unite with us upon the
deal we had projected. but entered into
second venture with US. We have no cause
TO L.. II, h.
Pittsburg."
''Even if the Democratic party should
carry out its free trade idea," said James
B. Scott yesterday, "Pittsburg is as safe as
she ever was. Of course there would have
to be readjustment of the wage question
in the mills and other works affected by the
tariff. I don't say reduction in wages,
for might be considered to be croaking
over the election because it didn't 60 my
way. What mean by a readiustment is
not that which affects the work
ingman alone, but also the employer.
The workman will have to he satisfied with
less wages and the capitalist with less
profit This Is not theory but fact, and,
notwithstanding how philanthropic an en-
ployer may be or how he would dislike to
do it, wages will have to be decreased if
the protective policy is abandoned. 1t was
the only barrier We had that permitted the
laboring man to enjoy high wages There
is but one condition, and that a highly i'm
probable one, which can prevent a decrease
in wages, and that is the wages of Germany,
England and Holland being raised to our
present standard"
Pittsburg Manufacturers Subscribed.
'1t was reported, Mr.. Scott, that the
manufacturers here apprehended the result
of the election and did not, on that account,
subscribe anything to the National Com
mittee?''
''This is not the case as far I know" Mr..
Scott said. 81 saw the subscription book
and noticed amounts as high as So, 600 on
the list. 1t is fact, however, that not any
thing like the amount of money as has here
tofore been given by Pittsburg manufactur-
ers was subscribed this time. This talk |
about the manufacturers not giving money |
is likely the result of q misconstruction of |
language. You might go to a man tor a do |
nation for some purpose who ought to give |
YOU $50, 600, but instead gives you but $50. |
You go away and say You got nothing from |
the man, which is practically true, as the /
small amount does not answer your pur- /
pose. 1t was probably just so with the iron |
manufacturers and the National Committee
only not so bad.
''You don't consider Pittsburg in the least
danger of suffering from a revision of the
tariff" was asked.
81 do not" replied Mr.. Scott ftIn the
first place 1 do not apprehend any very
material change. The individ ual without
any responsibility is great deal more rsdi-
cal and sweeping in his shouts than when
placed in a position of,trust where the well
fare of the people is concerned. Mr.. Cleve-
land is far above his party and will con-
tinue 20 be. He will not adopt any ruinous
policy. The only consolation fird in the
election is that the Democrats have made
clean sweep, and have nothing to restrain
them from demonstrating the value of the
principles they have been teaching in the
next four years