New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-02-28
THE PASSING THRONG.

William F. Stanton. prominent lawyer of Pitts
burg. at the Hoffman House yesterday. said that
Pittsburg would have
AN ELEVATED elevated road. 'New-York is get
ROAD FOR ting ready to make step ahead
P1TTSBURG. OF even the elevated with its sub
way" said Mr.. Stanton but for
Pittsburg elevated road is almost imperative to
relieve the congestion. Few people have any idea
of the marvellous growth of Pittsburg in recent
years. and have outstripped our trafnc facili-
ties downtown. doubt II many New-York people
have any idea of how much the elevated did for
New-York in the way of Increasing real estate
values, opening UP new territory. and developing
what at the time of it's construction practi-
cally suburban land. The men who are Identified
with promoting the elevated in Pittsburg sent
able corps of experts TO New-York to study the
elevated problem. The figures presented about the
elevated were startling: believe that an elevated
yenience would faciIitate business, and Would en-
nance land vesues and create values where none
some Of our streetcar lines AND other capitalists
working IN harmony with this company have made
to work from and beeye that an UNDERSTANDING
for Pittsburg in the near future
The theory that the country grows faster than
the city is disputed by Randolph Peters. promi-
nent lumberman of ottawa. Cam
FIGURES ada. Mr. Peters. whose lumber
TELL THE interests extend over many thou
STORY" sands OF In various parts
of Canada. at the Hotel Imperial
said yesterday; ''In Canada. In the United
States the drift Of population is toward the cities
Statistics show that ten years ago. Sor instance.
the province of Ontario had 24ooo inha bitants of
which about $4,000 lived in the cities and 12s5 900
in the country. Last year a showed that
the cities had increased 1885, 600 while the country
had dropped back 2500oo. This showing refutes
the theory that American populate is gravitatng
toward the cities owing to the lack of land avail
able in the country. There vast areas OF farm
ing land in Ontario that have never been touched
by plough-but figures tell the story
Robert F. Newcomb. who conducts banking
and brokerage business in Chicago. at the Holland
House yesterday said: did IL
VALUES ON occur to you that values are
A SOLID built upon a pretty solid basis in
BASIS. this country? Taking Wall Street
index. review the incidents
of the last year. In that time things have hap
pened that ten years ago would have caused a
panic and widespread ruin. yet the market has
barely trembled. In the first place had the
would have ruined hundreds of firms score of
years ago. What happened? There convul-
sion to be sure, but great failures happened
and prices steadied. Then came the formation of
the billion dollar steel trust, and top OF IL the
great steel strike. There hardly ripple In
of President Mckinley. There surprised
tremor. but the business interests hardly
affected. Last, we get President RooseveltS mes
sage on the Northern Securities merger. There is
that in the light of these incidents the man who
says that our industrial security is not built upon
rock and our institutions permanent and stable
is talking nonsense"