Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-17
TALK OF TIE TIMES.

TALK OF TIE TIMES.
cit is time for the older and more con-
servative banks and financial institutions
in Pittsbu rg to get clearer view of the sit
uation."
He who said this has been a banker in an
important way in Pittsburg tor more than
40 years.
"The sooner these concerns understand d
that this is five per cent city the better 1t
will be for them. Philadelphia, Boston and
New York have been on a five per cent.
basis for years, and PittsburR, Cincinnati
and Chicago are also with them. know OF
one large money lending institution which
has been losing excellent mortgages because
1t still insists on placing them at six per
cont, and this will continue and increase.
Our banks will come to this policy
in year, and taosc who have alreay taken
advantage of the market will have the
cream of the investment business. Only
last fall tried to get one OF the banks to
lend SIS. 900 on real estate worth $50 600 at
per cent: The property brought in an IN,
come of 81 500. and the interest charge would
have been but $l,250, and the time was 10
years. The mortgage was refused, but
within few days placed it with an indi-
soinE Hese0r inso lo1 90 m"Ga rate ef ]
rather than speculations or active business.
that the organized traders in money must
come down. 1t will be blessing to the city
when 1t becomes more general, and will go
long way toward rebuilding the lower part
Of the city.
THERE were three of US in the party. An
old clergyman and q middle-aged business
man were the two others. The man of af
fairs was IN q hurry and soon left, and after
he had gone the clergyman said, with q
o1 ofph hot nNuit 40
interest. try to ind out what sort of q
person he is, how he lives and what his ideas
are. In a shadowy sort of way feel as If
was burdened with kind of responsibility
as to him. I was the the pastor of his
fathers church. There were five or six
children, and was the clergyman VINO bap-
tized them. At last q boy was born, and
months passed without any word from
the s one tasnsr Should be Finally
1 spoke to the father about it and asked
when he intended to baptize the boy. He
was q queer man, read much, speculated q
great deal as to religion, and now and then
had the strangesr ideas. You can imagine
how felt when in reply to my question he
said emphatically, 'Never!' You don't in
No, don't. I've had all the others chris
tened, but intend to let this chap alone and
see how he turns out without it. Nothing
could ever say would change him and at last
been baptized up to this time" And how
has he turned out?' I naturally inquired.
"Well," said the clergyman. hesitatingly, II
and apparently Christian. and yet" and
he shook his head as if he did not like it ut
all.
'T THINK that the refinery industry at
11tusville and OIL City will never recover
from the effect Of the recent flood and fire."
said leading oil operator yesterday. '"rhis
is because of tho distance of these places
from the present large sources of oil supply.
The refineries were built at those points
when they we're the centers OF the oil pro-
ducing region. Pittsburg is now the plac ce
for reflneries, and such of the Oil City and
Titusville owners as are In position to re-
build will no doubt come to this city. un-
derstand that it Is not the intention Of the
Standard Oil Company to rebuild the burned
works. Pfttsburg is on the trunk line Of
pipe to the sesboard, and has superior ad-
Oil which is being pumped in tho old fields
costs more, of course, than that in The new
ones. which is clearly In favor OF Pittsburg
as refining point"
A DISTINGUISHED party OF Democrats,
mostly from the South, passed through last
night on their way to the Chicago Conven-
tion. Like party of innocent and unsus-
pecting school boys the Colonels and poll
ticians rnshed along the Union station plat
form while their train remained in the city.
Caleb W. West. Ex-Governor of Utah.
with bis hair and whiskers white as chalk,
seemed to be in charge of the jolly crowd.
He looked the Oldest, but lie seemed the
youngest in the party He believes that
neither Cleveland nor Hill will be nom-
mated by the Democrats. "I am for dark
who the dark horse may be. but I think
Democratic success depends on throwing
overheard all our old candidates. The Re-
publicans had an old candidate inflicted
upon them, and we must avoid any such
calamity"
CAPTAIN SAM DONALDSON, of Tennes-
eee ex-Doorkeeper of the Lower House of
Congress, with the air of q Southern soldier
and the appearance of a genuine good fell
low, was of the same opinion. He wants a
dark horse nominated and he believes that
either Carlisle or Springer would be the
proper equine 1--WE can elect any Demo-
crat that will unite our party" Captain Don.
aldson said. "The nomination OF Cleveland
would be fatal, and the nomination of Hill
would be foolish"
SENATOR V. L. POLK, of Tennessee,
said that in his judgment Carlisle is the
strongest Democrat in the party. 1--WE can
elect Carlisle" he said, "but for that mat
ter" he added as an amendment, 81 am con-
Chicago Convention. This. 1 think, will be
q great year for Democrats"
ABRAHAM SCHWAB, an anti-Hlll Demo-
crat, said that Cleveland was the strongest
man in the Democratic party. He believed
that Cleveland would be nominated and
elected. "Of course. the convention may
question the wisdom of nominating Glove
land, but we are going there to say that any
Democrat can carry New York, whether he
comes from the North or South"
COLONEL R. G. MONROE, of New York,
said he was not a delegate to Chicago He
is going there for the fun he can have with
his associates. 81 am for Flower for Presi-
dent" Colonel Monroe said. "but will be
content whether it be Cleveland, Hill or
Flower. just so the candidate is taken from
our State"
COLONEL L. @. WASHINGTON, of WASH
ington, d. G.. said he was going to the con-
vention to help howl for the nominee, no
matter who he may be. 'I am anti-CIeve-
land man" he said, "but as 1 don't care for
any office, don't care much who is NOM
mated"
CHARLES CoNDA, of New York, said he
was going to the convention for Cleveland
first, last and all the time. "New York
elects the Presidents" he said, "and we
must have Cleveland II we hope to win this
time" Colonel Miles Ross. delegate ut
large from New Jersey. was of the same
opinion. He said that Cleveland and Cleve-
lands policy will guarantee Democratic |
success 'Otner candidates mentioned |
might pull us through" Colonel Ross said, |
"but with Cleveland there is absolutely no |
delegate from Arizona, also said that Cleve-
land is the man most wanted Dy the West |