Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-21
TALK. OF THE TIME.

The late James S. Rutan to marked de-
! gree enjoyed the confidence OF the chief Of
f1cers Of the Pennsylvania Railroad Com
pany for great many years. 1t grew out OF
| transaction In bonds good many years
ago. The Pennsylvania Railroad Company
| wanted to place q loan of several millions in
| Europe and at the suggestion of mutual
| friends Rutan was given the commission.
He studied the=resources of the company
| and familiarized himself by careful study
| with its prospects. His visit TO London was
a most successful one and he secured the de-
sired loan and the promise of more If it was
wanted In fact he soirnpressed the English
| men with whom he came in contact that a
! number of them became investors in Penn
| sylvanfa securities in their own behalf and
| have continued as such since that time. On
| his return Rutan was handsomely rewarded
and ever after that the officers OF the Com
| pany were among his stanch friends.
"WHAT'you said the other day about
Pittsburg being per cent city is un-
doubtedly true" remarked banker yester-
day. Lam concerned in the management
of several estates, and two OF them have re-
| Gently been improved to considerable ex-
tent To get the money for this work we
had to borrow on mortgages, and we not
only had no trouble in getting what we
wanted, but could have gotten five times as
much. Know OF mortgage on downtown
property for 800. 900 at less than AZ. If you
look at the reports of the trust companies
and savings and State banks here you will
see that they have over 81 200. 600 OF cash on
hand or loaned to banks and brokers, while
their HOLDINGS of bonds and mortgages are
but Sc 900, and their investment securi-
ties si4 100 goo. VIII 1T TIE @ security all right
you couid borrow 10 Oooooo IN thls CITY III ten
nr,Sa.e In caP,talisrs ;, VINO Mmaon shtngs very
cent 6ut II keens them awake sometimes.
A man who is eager to pay per cent is as
suspicious customer as one in the years
gone by who onered TO- )"
CANNOT see why some capitalists 90
not get up an apartment house syndicate"
said real estate dealer as he lunched with
me the other day. "For ten years the mat
ter has reen discussed, and several times,
inst as things have been about ready. some.
thing has hannened TO prevent the nlans
.niis hao h"pponoo " p.osohS 'no pans ~,
from being carried out. A syndicate with
plenty of money could erect buildings for
fats or apartments. say one in Allegheny
and one in the East End, and each of them
would pay from to 10 per cent net. Pitts
burg capitalists who have looked into the
subject have been afraid of the restaurant
that the tenants woul., not make restau-
rant pay, and yet without such an adjunct
they thought the buildings would not De q
success. think that In both of these re-
Eonng men wnniS i've handsome % retnrn m
for the money 1t costs more for a room in
the lower part OF Pittsburg, which is well
located and well kept, than It does Tor SIM,
lar H quarGe IN ailoss any cIux III .ne ,,,.eu leu
,,,otte "a III ~. a. "AiA eo iA'0 'ne
THOSE who can afford il are quitting the
heot and smoke of the oi,ies "a fast ~. nos.
sihi, and ora csst,ng ahonr for a cool snot
sioto. ano "iS e"'oA "o'"' IVA oooA 'po'
In whlch TO spend the summer many VINO
had planned to leave in July have
hastened their arrangements. and every
train for the East now carries
~ 80, ,,a .,s
eoneoouy "ooe "on
come PACK until the terrinc neat is
over A trip TO europe mas been quite the
fashionable thing for several seasons. The
voyage. as rule, is breezy and pleasant in
spite of the seasickness, but the Conti-
mental cities haven't any more to
promise in the way of an Arctic
atmosphere than their rivals in Amer
tnnr 1900 tn %a oo on,a Tnti, ,ha
middle of August. Their intention fs to do
England and France. Originally they had
arranged to visit Africa, but the recent hot
waves waves rom tne soaTru zone & triGnteneo p G une
ha far enon"h sonth. tn %o Jnhn r Ricket-
SON and his wife left last evening to spend the
summer along the Massachusetts coast.
ANOTHER passenger for Europe was
Jrdee wiokham and his son from, 81 Ionis
o. ss;o CIV. horro,r;nr eooas haa sr,i,sidaa
ne sa.o .ne -, nau .,.a io.,.,nsa
and the unfortunate people IN the lowlands
along the Mississippi river had commenced
to live once more The damage to property
pus An auoi.lon .,asa,,o ~ .ns s,s.o Sne s.oS'ls
M mere pds 70 eorsiar daDt na'nnet enten1e, ,S .
Ine ouuge ls an aluenS DIlhuclaG .ro anu
grea1 auIniTer I oi Olevetanu: He n tninhs I,ia1
grover VIII De nominated on the nrss Daliot.
Ine missouri ,, aeiesa.,on @ Is soiio , lor MN
SMuousm " mopo Iiast .s for ESas,n,,.
Ma[ner' .heil camuioato ioi ~ '
Moulu carry tno Ita'e 'iIle iaLi
me onoge rena[keo shh. sney wouid pc
sonIl VIII pe sne uIs' 20 uesert tne sollo
Huutn. IL !s aunt'teu Uhao ou & Eli popu
lar, ana VIII nog only poli the IuiI parry
no.s. puv ~ no @ sUne iU Ueao e
,.' cept ~ e,ect him "iA no'
o' 'uin0'en' " ''''Y n.
The time is not far hence when the
Soldiers, orpbun schools will be a thing of
.ha, ,a.t TToir u,orb 10 noor r,, ondod a.
tne past Ahe.r wo[h 10 hearly enosu "nu
good. Many boy and girl owe success !
in life to the rudiments of educa-
tjon receiyed in these schools |
-. on;n po,r.son.n+iu, 1on,,
A's. eNonins ePieeoso u'oA
went TO Harflsours 10 at'eho one OF the re-
and the Children not is years old have been