Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-30
A LOOK AROUND.

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appropriate ordinance shall ask for $4,000
for this specific purpose. 1 shall also ask
that In order to have the work done care
fully and cheaply it be placed entirely un-
der the direction of the department.. Whlle
at first we would have to buy some OF the
trees we would require, it would not be long
before our nurseries would give us nearly
all we would need We have already estab-
lished shade tree nursery, and have alarge
number of thriving trees in it. Good sized
naples and other ordinary shade trees of
size fl for use on the streets would pro0a-
bly, cost So to 81 30 each, so the sooner our
nurseries are we'll stocked the better 1t Will
be. l am heartily interested in anything
which will benefit and beautify our streets
and parks, and am glad to see that The
D1sPATcH is taking similar interest in this
direction"
IT is by no means surprising to the older
generation of men having the handling of
monetary affairs that the possessions OF the
Economic Society should have dwindled as
they have. As matter of fact their invest
ments have in the main been unwise, and
they have shown a lack of foresight in re-
gard to several enterprises. Take for ex-
ample their silver operation. They boarded
coin before the resumption of specie pay
ments until they had large accumulation.
This at one time would have realized
handsome profit, but was finally disposed of
at price which did not begin to pay lost
interest on the money. still more
marked instance was shown in the
handling of the Pittsburg and Lake Erie
Railroad stock of the society. Thev had
about 5000 shares out of total of some %, 600,
and they were fully aware that their stock
was the controlling interest when the
famous fight for control was in progress
hetweoI HnStatfar md the VandarDilLa
They were advised by their outside friends
among business men not to accept the $S5
share which they were offered, but they SOLD
at that price and the same stock was turned
into the Vanderbilts by Fl. w. Oliver at
SIPS per share. They lost money steadily
through their manufacturing plants at
Beaver Falls and elsewhere in the Beaver
Valley, and they still have large interest
in the Point Bridge which is not a paying
one. Even their superb farms have not
been managed as successfully as was sup
posed from financial standpoint.
FROM the sale of the Lake Erie stock
about $780, 600 was realized. Later the So
cieiy sold $3.50 900 of Lake Erie bonds at
about lis, which gave them $2S7, 900. This
latter sum they invested in the Pittsburg,
CHARTERS and Youghiogheny Railroad,
which was always losing inVestmenT, and
which was finally sold to the Pennsylvania
Railroad and Pittsburg and Lake Erie at
about $l2 a share-making q heavy loss.
They also had $3C0, COO of the second mort
gage bonds of the CHARTERS road, which
they sold after losing several years inter-
est. All this money, which they got as
ready cash, has gone-lnore than a million
and now they are forced to borrow $400, 000
One of the papers has talked of Duss'
splendid management, but it does not look
J. IL To-, %l,a 1ad
have lost at least two and a half millions.
THE management of the Duquesne Trac-
tion Company had to take a dozen cars off
the equipment day before yesterday, owing
to the breaking down of the big engine at
the power house at Ben Venue. They had
to call into service their extra engines and
not put too heavy a strain upon them for
fear of another accident, which might en-
tirely cripple the line. 1t will take about
two weeks to repair the broken machinery
In the meantime the Pittsburg TractioA is
running So cars and the Duquesne "a. 1t is
unfortunate that this accident should occur
in such weather and at Il time when traffic is
so heavy. The Court House has also been
affected by the cold weather. The gas sup
ply ran short and the elevators could not be
operated on the coldest day. It is nice
smooth walking up to the top floors of the
big building, but there seems to be miles of
stairway.
THAT enthusiastic Republi can and rat
tling good orator and lawyer, Geroge B.
Orlady, of Huntingdon, was in the city yes
terday. He made the speech in nominating
General Hastings for Governor which al
most turned the tide against Delamater, and
is as warmly for the General now as ever
Mr.. Orlady says there is a great deal of dis
Republicans at the condition OF things gen.
orally, and he thinks that unless good
strong men are selected for candidates at
the next State election there will be a repe-
tition of the last result.
A SHARP, hard frost, some snow and
much pedestrian travel brings out the
beauty of some parts of the pavement on
lower Fifth avenue. Those places where
there are large squares of glass or patches
of artificial stone shine with much glory.
They are as deadly traps to anyone in a
hurry as a newsboy's "slide." 1t is about
time somebody took the sidewalk question
up and made it an issue in municipal affairs.
There should be power lodged with some
official to see that sensible material is used
and that lives and limbs are not endangered
by any property owner.
A GROUP of people were waiting for
car in East Liberty yesterday when large
flock of sparrows suddenly darted down
into a tree and began to chatter and jabber
in surprising way. They appeared to be
discussing something and the talk grew
warm. Then they all ceased but one little
fellow who puffed up his feathers and fairly
exploded into staccato notes. Whiz, and
away they went. 81 wonder if. they were
having a caucus to select Mayor and
whether the little chap was declining the
nomination" said one of those who saw the
incident. What made it funny was that the
speaker was one of the most prominent of
the present local candidates.
THE sale OF the old postoffice site, which
takes place sometime in January, is causing
more sYndicates to spring up and more con-
niving to be carried on than anything of the
kind since the days OF the location of the
new Government building. There are at
least half dozen combinations of wealthy
men who desire to obtain the property. 1t
is said that Plunger Walton and some
friends are after it for hotel site. Another
party want it for tall office building, and
still another combine seek it as store loca-
tion. 1t is expected that the bids will con-
siderably exceed half million dollars.
WALTER.
Niagara Falls Not in 1t.
Philadelphia Record.l