TMrMTI JBMiESmESmBB&M Si ran paPf t." r ,r -if -;- V j pyF &' - ' - fWV:' 16, :THE AN6ELUS' OWNER Sentenced to Six Months' Imprison ment and Fined Heavily. Jtt. "SECRETIN'S CORNER IN COPPER. The Fallen Millionaire Das the Sympathy of the French Pablic CKOOKED WORE IN THE TDEF EYEKTS. rCOBKZSFOXDElCCB Or THS EISFATCB.l Basis, Jane 5. It does sot seem so very long since the world on both sides of the Atlantic was startled by tbe announcement that there was going to be a corner in copper. Wheat, cotton, and numerous other products had long been favorite mediums with market cornerers, but copper was quite a new thin; and there was some thing magnificent in the idea of cornering one of the precious metals, or whit is next door to "precious." That a vast amount of capital was required to succesitully ac complish this was self-evident, but when it was announced that men like the Rothschilds and a great corporation like the Comptoir d'Escompte de Paris was behind the corner then it was seen that the scheme was possi ble, but even with tbe gigantic capital that was put into tbe scheme many thinking men saw it was doomed to failure and they had Sot very long to wait before the crash came. The head and brains of the corner was M. Becretan, the former owner of Millet's "Angelas," and once the proud possessor of $20,000,000. 2fow there are none so poor as to do him reverence. He has just been tried by the French Courts and sentenced to six months' imprisonment and to pay a fine of J2.000. A. COMMERCIAL MABTrB. The important point in the trial is that he was found guilty on two counts, first, that or "cooking" bal.ince sheets and announcing profits to the tune of 16,000,000 irancs by overvaluing stock to that amount; secondly, that of "forestalling," i. e., creating a jnonoDoly in a necessary of life and advanc ing its price by artificially limiting the sup ply. As a matter of lact Secretan & Co. searlv doubled the price of copper, and at one time held 130,000 tons ol it This is what French law, with its survival from feudal times of restrictions on the blessed rule of laissex faire, does not allow, though our law does. Of course the prohibition is quite illogical. "Why should not M. Secretan not enhance the price of copper? When he began his came It was very low, and profits were disappear inir, only a very few companies returning a profit. At tbis moment copper is, thanks to M. Secretan, at a remunerative figure.and now this martyr of commercial progress is languishing in jail. Why? Because he broke the eleventh commandment, "Thou (halt not fail.' Mr. Joseph Chamberlain, in England, succeeding in cornering the market for screws not very long ago, and now he is busy regenerating the people. SAME GAME I- AMERICA. "How many in America succeeded in do ing what M. Secretan failed in? How nbout Standard Oil. Cottonseed Oil, Salt Union, Anthracite Coal, not to speak of the railway companies in nearly every country where private interests direct them? M. Secretan's sentence will not, of course, be read as a lesson by anyone in America or England, but it will be a long time before anyone tries the same game on again in France. There is a good deal of sympathy felt here for the ex-millionaire, as he was very popu lar, as most men are who make the money fly when they have it. Kot only that, but there was a good deal of the "'eave art a ,brick at 'im he 'aint got no friends" in the prosecution, and all the other men, who were really in the business as much as Secretan was and would have profited large ly if tbe corner had come off, have escaped. M. Secretan was one of the best dressed men in Paris, and when he was in the dock the other day his appearance did not belie his reputation, as he was faultlessly dressed. A matter which is creating as much dis cussion as anything in Paris just now is the extent to which the Paris Mutuals now dominate horse racing. A few years ago book betting was pronounced illegal in France, and, although it is tolerated on the race-track, it is suppressed entirely in town. It was supposed when tbis law was passed that it would purifv the turf, as it was notorious that certain bookmakers had recourse to crooked work in connection with the races. HORSE KACES AKD EMBEZZLEMENT. Another thing that helped the passage of the law was that betting had become so gen eral in France as to become a public nui sance, and the facilities lor minors, clerks and people who could not afford it were so numerous that embezzlement and petty stealings on the part ot office boys and clerks, to invest on the races, was a matter or every day occurrence. So the law was passed to suppress the books. JBut the solons of Paris recognized the fact that it was impossible to make people moral by act of Parliament, and that as long as human nature was as it was, gambling would take place on horse racing, so unless they abolished the sport altogether they xnust legalize some system whereby tbe pub lic could loie their money on 'dead sure things.' So the Paris Mutual was pitched upon as the fairest way of doing it. The Paris Mutual is our old friendthe mutuals' bo common, and at one time so popular, on American race tracks, but they became un popular in America for the same reason tbat the present outcry is being raised against them in France, viz., that in the hands ot unscrupulous persons tbe public can be skinned right and left. In theory there is bo liirer system of betting imaginable, but, like a good many other tbeories, it is found in practice to be quite the reverse. WHACK UP FOB THE POOS. , "When tbe Paris Mutuals were established by law certain restrictions were imposed on them. One was tbat there was to be no betting except upon a recognized track, and another that 10 per cent of the gross takings I was to go to the Assistance Publique, lrora which the poor are supported. That the (revenue derived trom this source is consid erable may be judged of from the fact that .at Chantilly on Sunday last the amount taken at the mutuals was over 200,000. . It was quickly seen, however, that the 'would-be reformers had simply repeated tbe old performance of escaping Scylla to tumble into Charybdis, and, instead of put ting down betting and purifying the moral atmosphere generally, they had made things fifty times worse. Men set to work at once to drive a train of cars through the act, and in a very short time every cafe in Paris waa an atrency for the Paris Mutnals. The law said there was to be no betting off the track, but there was nothing said about not taking an investor's money and sending it to the track to be invested, and charging commis sion tor so doing. Consequently tbe bettor 'has to pay two commissions if he wins the 10 per cent to the Assistance Publique and 2i Pr ceDt tbe P"1 Mutual. THE 'WOMEN ABE LUCKY. Paris may be said to have gone racing toad since tbe legalizing of the mutuals, and now everybody bets, men, women and chil dren. The women bet almost as much as the men and appear to be far more success ful in spotting winners. One old woman I know of goes every day to the races and takes $1,000 worth of tickeU in the mutuals cn what she considers the best thing of the day lor a place. Bbe told me the other day tbat she bad never lost yet, but that some times she only wonfSO for her ROM staked. That she will be a "stonery broKery old woman some fine day if she only keeps on long enough goes without saying. But it is beginning to be apparent to even tbe feathery minded Parisians that there is too much racing and that they are being sys ...,. t;.iw mtihrd hr the leeches who run ikt Paris Mutuals, Of course not one franoj in fifty that is given to the agency ever reaches the track. The agent lays the money himself and then tbey all form them selves into a Public Robbing Trust There is racing here every day ot the week, in cluding Sundays. The racing in Paris is regarded as a mere medium of speculation. It is quite trne that the dice are perhaps less heavily cogged than on.the Stock Exchange. Everything is possible with the 'kitty" of the mutuals; accounts may be audited and examined, but to no purpose, since the race is too often run beforehand, and the few tickets sold at the "mutuals" are in the hands of men who are accepting LONG ODDS ABOUT A CEETAIKTT. There is no exaggeration in this statement Tou have only to study racing or follow it from the book, read the papers or listen to the statements made by racing officials to find it is too trne. The student of pablic form is nonplussed. Men have to "follow the money" and endeavor to guess instinct ively the intentions of men who own horses or manage stables. The men who run "straight" can almost be counted on the finger of one hand, and even they cannot vindicate form, for their horses are" sent in and taken care of, or ridden "wide at the turn" so as to make room for the one which carries the flesh pots of Egypt A couple ot montbs ago M. Constant, Minister of the Interior, announced from the ministerial place in the Chamber or Depu ties, that he was discussing with his col league, the Minister o Justice, ways and means for the suppression of the gambling bouses. Needless to add, nothing has been done and nothing ever will be done so long as the agencies have enough money "to see" certain parties. A minimum calculation of the amount taken in commissions by these men is about $00,000 a season, but there are more ways of killing a cat than by hanging it and, as I have said, very little business is ever transacted by these agencies on the track unless it is essential that they should send money there for the purpose ot what is technically known as "buncing" the market HEDGING AKD TKICKINO. "When they have been overburdened with commissions for any horse which cannot be ridden out, whose owner orjockev cannot be made to listen to reason, a judicious in vestment at the last moment reduces the re turn of the fivorite to a minimum. At times tbe returns of the "mutuals yield less than what could have been obtained in the ring, but the "touts" and "cappers" em ployed by the agencies with the professional tipsters who stand in, have always some out side "dead clinch" which they can recom mend to the uninitiated. That practically the same evils which I have enumerated above exist to some extent, though, perhaps, not quite as bad on the American turf, no one who knows anything about it can deny. The only way to stop it appears to be to make betting in any shape or form, by "commission" or otherwise, off tbe track a statutory offense. That this will ever be done is doubtiul. In all gambling it is evident that one law is required for the rich and another for the poor, for the one can afford it and the other cannot It is, perhaps, hard lines on the poor man, but the best way Tor him to get out of tbe difficulty is to work hard and get rich, and then he can blow it all in on "cinches" and set to work again to make more. Work, they say, is healthy, and keeps the digestive organs in good order. .Macleod. Recent Patents. Higdon & Higdon, patent lawyers, 127 Fourth ave., Pittsburg, and opp. Patent Office, Washington, D. C, report these Eatent just granted. M. A. Cutter, lock inge; G. H. Everson, cold rolling tubes; J. H. Jones, pencil sharpener; G. M. Sim, hose carriage; Jacob Reese, mfg. iron and steel, all of Pittsburg and Allegheny. J. D. Bowman, Altoona, valve; H. C. Evans, Bristol, pencil clasp. A Little Lady Receive Elegant Upright Piano lor Her Fifth Birthday. Little Bertha Moerscb, 212 Market street, Pittsburg, held certificate No. 83, in the Everett Piano Club, and receives a beautiful TJpricbt Grand Piano, just in lime for a birthday present. Her father, a cultivated musician and a thorough business man, saw the advantages of tbe Everett Club system, and took a certificate for Bertba. She now has an elegant piano, only pays 51 per week, and saves at least J75 from the retail price. A visit to the showrooms of the Everett Club will repay any lover of the beautiful. The handsomest pianos in the city are found there, and the prices and terms will suit anyone. Call and see for yourself, or send for circular to the manager, Alex Boss, lusu 187 Federal su, Allegheny. B. OF U V. Annual Plcnlo at Rock Point on Tnesday, Jane 17, 1S90. The Pennsylvania Company will sell ex cursion tickets at 40 cents for round trip from Pittsburg. Trains leave at 7:15 A. ix. and 12:20 p. M. ihsu Jane Wedding Gifts. The handsomest stock in the city. Ele gant china, sterling silver, cut glass, clock sets, onyx tables,' bric-a-brac No trouble to show you many clerks, cool stores, new art room, interesting place. E. P. BOBBBTS & SOKS, Fifth ave. and Market st Dabbs does not believe anyone will ever tire of a really good crayon portrait Few competent artists, bowever, will make them as they cannot get the price they think they should. A really good crayon should indi cate flesh, muscles, skin, etc., the same as an oil portrait, and takes time and study besides artistic handling." 15o challis, wide, to go at 10c Come on Monday to secure tnem. Kif able & Shusteb, 35 Fifth are. The Mantel Bmlnewi Seems to center about our warerooms. Take a look at the new wood and slate mantels we have put up lately. They iust touch high water mark on style and low water mark on price. James O. Thompson. 640 Liberty avenue. Another invoice beautiful styles 20c sateens, lljc, to be opened up on Monday morning. Enable & 8hustek, , 35 Filth ave. India silks reduced beautifnl designs and colorings regular $1 25 quality at $1 a yard. H.UGU8 & HACKS. TTSSU Fob a finely cut neat-fitting suit leave your order with "Walter Anderson, 700 Smithfield street, whose stock of English suitings and Scotch tweeds is the finest in the market; imported exclusively for his trade. su 35c 25c 25c Ask to see our fast black stockings at 25c Come on Mondav to get them. BJTABLE & SHTJ8TEB, 35 Fifth ave. American Dress Ginghams. 100 pieces of latest style and fast col ored dress ginghams closing out at 10c and 12J4o per yard at H. J. Lynch's, 438, 440 Market st wrsu Bead GroeUinger's advertisement to-day. Silks reduced. Black goods reduced. White goods reduced. Trimmings reduced. Come Monday morning. Kir able & Shusteb, 35 Fifth ave Canada Malt Leads in the estimation of brewers. Our beer partakes largely of this element, as well as Western malt Tihsa D. Lutz & Son. Telephone S002. LADIES, come get a fine mohair skirt pat tern, finished with a silk stripe, only $1 89 each. Knable & Sutjsteb, 35 Filth ave Cabinet photos fl per dozen, prompt de livery1.. Crayons, etc. at low prices. Lies' Gallebt, TIB". x 10andl3Biithst THE AT FOREIGN COURTS. Carpenter's Gossip About Our Leading Diplomatic Officers. SALARIES NEVER MEET EXPENSES. Careen of Charles Emory Smith, Whitelaw Reid, Phelps and Others. PALMER AS THE PARMER'S PAT0R1TE rCOIlEESPOSDKNCE 07 Till SISFATCH.1 Washington, Junel4. More than 100, 000 Americans will visit Enrope this year. All of the steamers leaving New York are packed and a number of Congressmen, in cluding Senator Stanford, are now on the other side. There is no truth in the state ment that Stanford is crasy and his private secretary tells me that his berth on the ship was taken two years ago and at the same time be says he wrote for Stanford to the leading hotels of London and Paris and other places in Europe where he had stopped on his previous trip and engaged rooms for him, to be in good order at dates given two years off. Senator and Mrs. Stanford will at tbe close ol his stay at the springs, make a tour through Russia. Senator Stanford gave orders before he left that none of his Elec tioneer colts should be sold at any price as the old horse was in delicate health and tbe stock bade fair to run out He was be sieged during his last days here by some ot the noted horsemen ot the country who were anxious to know in what race Sunol would beat Maud S's record during the summer, but as tbe Senator did not know himself it is hardly probably tbat he told. THE BTJ8SIA1T POST, The immense increase of travel to Europe makes our foreign ministers and consuls more important than ever, and the Minister to Bussia, in view of George Kennan's ex pose of the Siberian prison atrocities, is one of the most interesting figures in our diplo matic corps. American travelers in Bussia Charles Emory Smith. will be closely watched, and complications of a serious nature may arise at anytime. Charles Emory Smith, who is now on his way to Bussia to act as Minister to the Court of St. Petersburg, is eminently fitted for the position. He is a born diplomat. He is a great friend of WhitelawBeid and William Walter Phelps, and he will prob ably spend some time in Berlin before going to St Petersburg. He is one of the young est of our diplomats, and is. I judge, about 45 years of age. He began his newspaper career on tbe Albany Journal. He was a strong Conkling man, and the other editors of the Journal wanted to support Garfield. They tried to freeze him out, but he wouldn't freeze; but when he finally saw that he could not be of much good in such a muddle, he accepted (15,000 for his fourth interest in the paper and nominally left it for a time, intending to go back to it later. EELUCTANT TO GO TO PHILADELPHIA. Just about ibis time Cilvin Wells, the proprietor of the Philadelphia Press, was looking around for an editor. He had lent a lot of money to John W. Forney, and had, I think, taken .Press stock for col lateral. The result was tbat when Forney died Mr. Wells had to take the Press to save bis loan, and I understand tbat it cost him about 5154,000. He got several editors to run it, but change after change found the paper still running behind. Whitelaw Beid suggested Charles Emory Smith, and Mr. Wells thereupon went to Albany. He found Smith not at all anxious to go, and it required considerable urging. Mr. Smith said that he would have to have a large salary, and Mr. Wells told him that he would pay him whatever he wanted and asked the amount. Mr. Smith's ideas were not as large as they are now, and he fixed the figure at $6,000 a year and an interest in the paper. To this Mr. Wells at once consented, and Charles Emory Smith became editor and business manager. The paper began to boom as soon as he took hold of it and it made, I am told, $250,000 last year. Charles Emory Smith's stock has made bim a rich man. He expects, I am told, to spend flO.OOO a year more than bis salary, which will make his expenses $27,500 a year, and ought to enable him to entertain very well. Our Consul General at St Petersburg will help him. There is no more popular consul in the service than John M. Crawford, and he is the only American Con sul General who has ever had the honor of a private interview with the Czar. Mrs. Crawford was received by the Empress not long ago, and Crawford's popularity with tbe Bussians comes about largely through his translation of the great epio poem of Finland, which is thought much of in Bus sia. ' "WELIi EEPEESENTED AT PABIS. Whitelaw Beid will do a great deal of entertaining this summer. He pays $27,000 a year for his Paris house and his ex penses will probably run close to $100,000. His salary is only $17,600 and it thus takes Whitelaw lieid. $10,000 more than this to pay his house rent. Still I once heard Whitelaw Beid make a speech at an Ohio press dinner in which be spoke of the days wben be was working for $5. a week and he is no more snobbish to-day than he was then. There is on Newspaper Bow in Washington the old desk on which he wrote his dis patches for the Cincinnati Gazette at a salary ol perhaps $50 a week and there are men on the row to-day who worked with hjm side by side. He made the bulk of his money by his marriage with the rich daughter ot the millionaire, D. O. Mills, and it is said that Mills gave his daughter $1,000,000 as a wedding present Mr. Beid waa then con nected with the New York Tribune. Short ly after tbe wedding a statement of the ownership of the stock of the Tribune was made in which it was shown tbat Beid owned 75 shares, his wife 50 shares and Ogden Mills 25 shares, or in all 150 odd ot the 200 shares of stock. Whitelaw Beid lived like a lord in this country as soon as becould afford to and paid $400,000 for his or his irhich of ftj city bouse and had a country hpme which cost censiaeraDiy over ft quarter tjj'? JR PITTSBURG DISPATCH,, million. He will doubtless live well in Paris. THE 8ENBATI01T OP BERLIN. The same is true of William Walter Phelps, who is making such a success In Berlin. Mr. Phelps new house on Doro theen strasse is in the center of fashionable Berlin, and when Mr. Phelps began to re model it a month or so ago it made the Ger mans open their eyes. He had the whole housepapered in American style, and tur nisbed with elegant hangings. He surprised the people by taking the doors off their hinges and making alcoves and arches be tween the rooms. He covered tbe floor with wooden mosaic, and it is said that there is now no interior in Berlin such as that of William Walter Phelps. Its ballroom is the wonder of the German nobility, and Its vestibule, in which the American and German flags are wound about over immense mirrors, is the talk of the capital. Mr. PhelDS is an old diplomat He has served with honor at Vienna, where he went in 1881 as President Garfield's representa- William Walter Phelps. tive, and he made himself a name in Con gress. He Is n very curious fellow for a millionaire: He dresses in business clothes, affects the brightest of red neckties and he bangs his iron gray hair over his broad and ratber low forehead. When he first came to Congress he was called the New Jersey dude, and the older members rather laughed at him. AMOBTOAQE ON BLAINE'S HOUSE. One day, however, he took the floor and made his first speech. It was a masterpiece and it put him at once to the front as a leader of his party. Since then he bas ranked with the lew men at the top. He is Secretary Blaine's closest friend, and he lent Blaine I think about $25,000 on his house some years ago wben he was in financial straits. I know he had a mortgage on it, but I think this has since been paid. He managed a number of Blaine's campaigns for him and he has given no end of money to the Bepnblican party. He still owns a great deal ol property here jn Washington, and his estate is increasing in value every day. Colonel Fred Grant has just sent a letter to a friend here stating that he is well pleased with bis liie in Austria. Mrs. Grant spent some time with him last summer, and the Colonel and his wile were anxious to have her remain, but she pined for the flesh pots of America and would not The popularity of a Minister depends largely upon his ex penditures and a poor man can hardly make a good record at any of the great posts on the miserly salaries granted by our Govern ment Here at Washington the Bussian and English Ministers have salaries about equal to tbat of the President, and they re- ' ceive in addition to tnis somewnere near $50,000 apiece every year, which tbey are ex pected to expend in entertaining. It is the same with the Chinese Minister, and at all of the foreign courts our Ministers have to compete with men receiving such salaries and suoh allowances. A CONTEAST AT CONSTANTINOPLE. At Constantinople the English Minister has a service of gold plate and two or three palaces furnished him. He.has a big allow ance and a big salary, and our Minister gets Colonel Fred. Grant. $7,500 a year and rooms himself. The last Minister, Mr. Oscar Straus, of New York, Epent at least $30,000 a year in entertaining, and he was by all odds the most efficient Minister we have had in Turkey for years. Quite a number of fat diplomatic posi tions will become filled within the next lew weeks. Senator Palmer, when he was here in Washington a lew days'ago, said that his determination to resign the Spanish mission was fixed, and that nothing could keep him away from his new log cabin on his old farm in Detroit He has 60 Percheron horses there, each of which is worth $1,000, and he prefers to hear the lowing of the Jersey cow to the picking of the Spanish guitar. He was at the head of the Agricultural Com mittee when be was in the United States Senate, and he has always posed as the great friend of the American farmer. I have beard it said that his friends will push him forward as the farmers' candidate for the Presidency dnring the next campaign, and there are few men in tbe United States who have more available parts in tbis re gard than Senator Palmer. He can show the people one of the model farms of the United States and the picture of a man who has an income of at least $500 a day walking about in his shirt sleeves and feeding his stock, blowing up stumps with dynamite and setting the steam engine to work to pump water into his artificial lake in which he is raising a fine drove of Ger man carp would thrill the mortgage-laden toiler of the far West Tbe fact that be lives in a log cabin wonld make him ponu lar throughout the frontier, and nobne would stop to ask whether the cabin cost $12 or $12,000, as it actually did. At any rate Senator Palmer prefers his farm to Spain, and there is a $12,000 place for some other statesman. TBEATED AS A BABBABIAN. Tbe mission to China will probably not remain much longer in tbe hands of a Dem ocrat Tbe American Ministerhasahouse.the rent of which is paid by our Government, and be bas abont five acres of ground sur rounded by a high wall and covered with low one-story buildines. One of these build ings constitutes his office. Others of them are given up to bis secretaries and his ser vants. All of the Chinese nobles think that he is a barbarian. He never sees the Em peror, is never invited into a high-toned Chinese family, and he relies upon tbe European population of Peking, consisting of about 100 families, for his society. Tbe head of the Corean Legation at Wash ington tells me that our new Minister has just reached Seoul. He has by no means a bad post His salary is $7,500 a year, and he bas a guard of eight soldiers furnished by the King, and wben he goes out he rides in a chair borne by eight men in livery, and the soldiers go in front and yell out to the common people to keep out of tbe way of tbe High Muck-a-Mnck. The country is full of good meat, vegetables and fruits, and there is no need of a Minister cooking a Corean baby now and then, as ours is charged with doing by the natives. Another vacant mission will be that of Siam, and here again Uncle Sam owns his own quarters. FbankG. Cabpentee. 25c 25c. 25c Ask to see our fast black stockings at 25c Come on Monday to get them. ' Knablh & Shdsieb, 85 Fifth aye. SMkL ttoSSStsni - a SUNDAY, JUNE"; 15, GOBBLES IN AMERICA. The Actual Purchases Made Here by English Capitalists NOT SO HEAVY AS ANTICIPATED, Yankee Firms That ire Authorized to Do Business for the Lords. NEGOTIATIONS THAT PJSLL THROUGH rWWTTBK VOn THB DISPATCH. I The regular London financial season has closed. From now until the middle of Au gust the market will be devoted to the regu lar every day old-fashioned stocks and se curities. Outside speculation does not tempt John Bull during the summer months. He prefers his regular dividends of only 2 or 3 per cent to chancing invest ments that will bring him in from 7 to 12 per cent, consequently there will be a lull for a few months in the promotion and float ing of American enterprises. So much has been said about the various American business projects that are alleged to have been marketed in London, that it may be of considerable interest to narrate what has really happened in that line. ' The stories printed in the daily press cannot re ceive much credence. The trouble is not with the newspapers, or the correspondents who send the reports, but with the men who want to make the sale to English capital ists. Thev dupe the correspondents for their own interests. the amebic an bepbesentatives. The leading concerns in New York which actually represent foreign capital in some shape or some English investment or trust company are very few. Samuel Untermeyer is one; Cary & Whitridge, a Wall street firm of solicitors, is another; Perkins & Mott are a third. Then there are big law firms like that of Seward, Da Costa, Guth rie & Lynde, Stetson & MacVeagh, of which Grover Cleveland is a member, who nr inlii'itnrs for several enormous concerns in London and at Manchester, Edinburgh and Dublin. Outside of these representa tive concerns there are scores of lawyers, bankers and stock brokers who work through some friend or broker in London. In these latter cases the brokers in London peddle thesohemes they get trom New York around among tbe investment companies and the established banking houses of the English metropolis. There is a ressonable market in London for first-class American enterprises, but the market was more than glutted this past win ter. The English investor is an eager pur chaser of the American projects under written in London, but there are not many that reach the point of underwriting. They are usually relused by the responsible par ties aiter'examination of the papers that go across the Atlantic. THE ENTEBPBISES DISPOSED Or. Singe last autumn, when the demand for American properties set in, onlv the follow ing projects have been actually floated and the stock disposed of: The Hammond Dressed Beef Company, the city of Spring field (O.) breweries, the San Francisco breweries, the New England breweries, con sisting of several in Boston and one in Law rence, Mass.; the St Louis breweries, the Eastman Abattoir and Dressed Beet Com pany, the Philsbury flour mills, the North Alabama Development Company, owning lands and preparing to purcbase lands in some of the Southern States; and the War ner Kidney Cure and other proprietary medicines owned by H. H. Warner, of Bochester. In the latter case Mr. Warner went to London himself and spent six months with brokers, who finally managed to get it underwritten.- The Lombard In vestment Company, of New York, also dis posed of some of its stock in a rather novel way through the Trustees, Securities and Executors' Trust. These are the American concerns' whose plants have really been bought and tbe deals completed. Notbing more will be floated until autumn. There are several enter prises, however, that have reached tbe point where the listing of the stock is ready. The Chicago breweries is one of these. Mr. Bus sell U. Monro, of London, who came to America for the City of London Contract Corporation, is on his way back, having closed the contracts. The City ot London Contract Corporation has really floated all the American breweries of late, beside re jecting any quantity of them. A2IEBICAN BLOOD IN IT. This concern has the largest amount of capital at its disposal, and is more success ful in underwriting and floating enterprises than any other English investment corpor tion. Colonel H. Osborne O'Hagan, the manager, is an American by birth, and has all the push and perseverance of tbe land be hails from. He is understood to have cleared over $5,000,000 in less than two years ont of the projects he has successfully marketed in England. Mr. Monro, the traveling representative of the company, bas also made a fortune. The corporation's American interests are being looked after, it is understood, by Seward, Da Costa & Guthrie, the solicitors, and Perkins & Mott, brokers, in New York. The latter firm has several large deals ready for the autumn market, among them tbe combination of Trenton (N. J.) potteries, mentioned some months ago when the con ditions were first accepted, and also a com bination of type foundries and furnaces. It is also mmored on pretty good authority that Colonel O'Hagan and Mr. Mott are working hard and in unison to consummate the largest deal yet made in the States. The nature of the project is kept secret There is going to be a renewed demand next fall for American investments, but they will have to be gilt-edged and come through the proper channels in order to be success fully negotiated. Manufacturing establish ments will be preferred, but they will have to show an average percentage of profit for trom tnree to live years ot at least 12 or 13 per cent on the purchase price. The cost of underwriting has increased fully 50 per cent during the past year, and therefore a big profit must be shown in order to render the common stock attractive when it is listed and presented to the public. BBEWEHIE3 AND MINES. There is still room for some first-class breweries, but American mining projects are in almost as bad repute in London as they are in New York. The only mines that meei wua lavorare tne gold mines of South Africa and some of the exceedingly valu able silver mines in Mexico. The silver bill in Congress has given silver something of a boom in London, but it remains to be seen whether the boom will hold out until autumn. The final action of Congress will have much to do with it The Mexican Explorations (Limited), is an English cor poration that is making a specialty of Mex ican properties, and keeps experts on the ground all tbe while watching develop ments there. There is also an exploration company in which the Botbschilds and the Baring Brothers are interested that is said to have a representative in the coal regions looking for bareams. The main concerns in England that are interested in the negotiation of American enterprises are the City of London Contraot Corporation, already mentioned ; the Trustees, Executors and Securities Corporation; the English and Scottish Mercantile Trust; the London and Scottish Investment Company, and tbe Scottish Debenture Corporation. There are brokers and banking houses in numerable who are trying to push projects through, and a few of them, such as Baring Brothers and Martin, Boss Ss Co., have been successlul. Then there are the two international com panies, the London and New York Invest ment Company and the Anglo-American Debenture Corporation, that were estab lished last fall with offices both in New York and London. So lar these concerns have not floated any industries, but have confined themselves strictly to bonds ana debentures. , To nsao the Industries that hayo failed 1890.-; of negotiation would ocoupy toomuch ppace. Among them, however, may be named the paper mills, the Pittsburg breweries, tbe Newark, N. J., leather concerns, the Salt Trust and the rubber combination. L. S. M. Tbo Seasonable Beverage Is beer. The correct brew is that of Z. Wainwright & Co. All first-class bars keep it on tap. Families supplied direct it de sired. Telephone 5525. "wrsu Bead Edward Groetzinger's ad. Hosiebt Monday. and underwear bargains for Enable & Shusteb, 35 Fifth ave. Embroidered price and less. Swiss flounclncs half BOSENBAtra & Co. xhrsu 65o mohair dress goods to be Bold this week at 35o a yard; double width. Knable & Shuster, 35 Fifth are. Mattbesses made and renovated. Hatjqh & Keenan, 33 and 34 Water it. COAT boom bargains for londay and Tuesday. Summer dresses cheap. Knable & Shusteb, 35 Fifth aye. Gbeat moquette sale at Groetzinger's. Drapery nets, entire new designs, opened tbis week. The best assortment shown, and prices the lowest ttssu Huous Be Hacks. A Grand Garden Party -and-OPEN-AIR CONCERT Will be held on THURSDAY, JUNK 26, 1880. ON LAWH OF SNOWDEN HOMESTEAD, Penn avenue, WUUnsbnrg; In aid ot ST. STBPHEN'3 EPISCOPAL CHURCH. Gernert's Orchestra. Mandolin Minstrels. Grounds beautifully illuminated. Supper by ladles of cbnrch. Ice cream, strawberries, etc, etc Borne novel features, new ideas, etc, etc ADMISSION, INCLUDING SUPPER, J0c je!58-8u A GRATIFYING SUCCESS. 10 PERFORMANCES U.416 PERSONS. SECOND AND LAST WEEK. GRAND OPERA HOUSE, MR. E. D. WILT Lessee-Manager. THIS WEEK TEN PERff ORMANCES. Prof. George Bartholomew And bis famous, only and unequaled EQUINE PARADOX, 34 Educated Horses, Do Everything but Talk. Evenings at 80S. Four Matinees. 1-29 WEDNESDAY MATINEE, THUK8DAY MATINEE. FRIDAY MATINEE, BATURDAY MATINEE. At the Wednesday Matinee each lady will be presented with a handsome souvenir palette of Nellie. Reception by all tne homes on tne stage after tbe performance, to which ladies and children are specially Inlrlted. SPECIAL PRICES: Gallery- 25c Dress Circle Reserved Boo first Floor Reserved 0o jeI5-t3 Coming in All Its Grandeur! Third Year. Greater, Grander than Ever. The Wc der of the Nineteenth Century. EUGENE ROBINSON'S 3 FLOATING PALAOE3. 8 Menagerie, Exoosition of wonders and Grand Opera House. Tbe grandest show ever seen; an original idea. None other in the world. 15 Monster AegreationB in One. 15 A Moral, Refined and Instructive Entertaln mentfor Ladles and Children. GRAND FREE EXHIBITION on the rirer bank each dy at 1 o'clock. We will positively cive our exhibi tions, rain or shine, on our own Palace Boats at the foot of Market street, every Afternoon and Nieht. FOR ONls WEEK. COMMENCING MONDAY, JUNE 23. Tickets can be secured 6 days in advance at Box Office on arrival of Palaces. Secure your seats and avoid the rush. People's popular prices. Doors open at 1 and 7. Performance nne hour later. Carriages can be ordered at 4:30 and 10:30. jelSSl-Sa SUPERFLUOUS HAIR On the Female Face On the upper lip, chin, cheeks, forehead, be tween the eyebrows, cn the nose, neck, bands and arms destroyed forever by the ELECTRIC NEEDLE OPERATION By Dr. J.VAK Dtck. Electro Snrgeon, 602 Penu ave., Pittsnurc. This is a purely scientific operation and indorsed by all physicians as being positively the only method in the world by which hair can be destroyed forever. Dr. Van Dyck has operated for 11 years, bas treated hundreds ot cases and will forfeit $3,000 in gold in any case in which he falls to destroy every coarse hair forever, even if tbe patient bas a regularly developed beard. This is in deed a godsend to every woman with hair on her face. Every lady thus afflicted who has tbe least regard for her personal appearance should stop nsing the depilatories, tweezers, scissors or razor. Dr. Van Dyck will make special tcrmi to all who consnlt bim during this month. Office 502 Penn ave., Pittsburg. Hours 9 to 6. Snndays iu to a book iree. ..... J...m al.A a......... ..!!.. Aa.Aia.a ...1. warts, wens, birthmarks, red nose, enlarged .in nt the nosa and ever blemish, disease or 'J discoloration ot the skin, complexion, hair or SCAip. umse oua coua. tw bjuw il&SsMfe- liiliiiil 4 : NEW ADTEHTISEarENTS. JME FESTIVAL CONCERTS. OLD CITY BLAXiL, AFTERNOON AND EVENING, THURSDAY, JUNE 26. Matinee, 2 O'Clock. Evening, 8 O'Clock. GILMORE AND HIS ITAMOUS BAND, THE FINEST CONCERT BAND IN THE WORLD. WITH ITS IB RENOWNED SOLOISTS. The most skillful Instrumental artists In the profession, assisted by the following eminently first-class vocal artists: IDA KLEIN. Boprano. I WM. J. LAVIN. Tenor, HELENE VON DO ENHOFF, Contralto. EDWARD O'MAHONY. Basso, Madame Rosa Lmde (Mrs. Schaarschmidt). her first appearance since herretorn from Paris. All under the personal direction of Mr. P. B. GILMORE, the greatest ol all eand-mastars, and most popular and succsstful ot all leaders. ED. C. GABBER, Manager. jLrDikoissioisroisriE jdoxjXjJr NO EXTRA CHARGE FOR RE8ERVED 8EAT8. Bale opens at 8. Hamilton's Music 8tore,91 and 83 Fifth Avenue, Thursday morning, June 19. it 9 SILVER LAKE GROVE. ATTENTIONl All those havlne received Invitations for the Summer Night Festivals will please call be fore Jnne 28. at 69 Fifth avenue, to get their tickets, as the list of subscribers will be posi tively closed at this date. WM. GUENTHER, jal5i7 Manager. "IRAND MOONLIGHT EXCURSION TO JT be giren by hr Great Western Band, K. of L.. FRIDAY EVENING. Jnne 20. 189a on the beautiful steamer Mayflower. Grand Mili tary Concert, U pieces. Tickets 0c, dancing included. Boat will leave foot of Wood st. 7:30 r. M., boat will leaxe Temperancevilla 7:15 p. H- boat will leave foot of Locust St. 8 P. M., boat will leave Woods' Ron ac 820 P. M. No postponement on account of weather. Tickets for sals by members of tbe band. Jal60-Th8u COMMENCEMENT ENTERTAINMENT J Ot Cnrry school or Elocution and JJra matio Culture, Byron W. King, A. M., man ager and instructor. BIJOU THEATER, TUESDAY EVENING. JUNE 17. Shakespeare's drama of JULHJ8 CESAR, And dramatic selections by members of the graduating class. Tickets, 0. 35 andjc. Tick ets for sale at School of Elocution, Sixih st, after J una 10; at Bijou Theater after June 11 jelM , THE REWARD Honest Merit! INSTANTANEOUS SUCCESS! "We would respectfully call our friends and patrons' attention to tbe fact that we are doing a big housefurnishing business. Perfectly willing to double it. The sooner you all realise what values we're giving, tbe better or ns both. Fresh Bargains Every Day! Then call on us and be convinced that we can and will save you money. B-AJBZ" OAKBIAO-ES! "We carry tbe largest stock of all varieties of Baby Carriages ever bandied ia this city. Natural wood finish in varieties or styles a specialty. Visit our mam moth stores before making a purcbase. Our prices are 40 per cent lower than the lowest, and satisfaction guaranteed on all occasions. Carpets at Rock Bottom Prices! At prices always below the lowest "We are overstocked on Fine, Reliable Carpets, Rugs. Oil Cloths and Mattings. Owing to the REWARD OF HONEST MERIT our spring trade was so overwhelmingly good tbat we ordered the best pat terns and bought largely of the latest and newnst designs in all grades oi fine Car petings. Sell We Must! Sell We Shall! At no matter what sacrifice. We never Embrace the golden opportunity. Struck by the Tidal Wave of Prosperity, "We have opened a Wholesale Furniture House opposite our old retail establish jnent a regular feeder as it were, thns enabling us, owing to immense recent pur chases, to distance any and all dealers in the two cities in tbe way of variety and low prices. Remember we carry the most complete stock of FURNITURE, CARPETS ID HOUSEFURNISHING GOODS Ever offered to the people of Western Pennsylvania. Imitators are certainly cut ting a sorry figure over the rocky road we are leading them. Our prices can't be duplicated in this market. All goods guaranteed as represented. Tour own terms, and our prices always the lowest. EASY PAYMENTS-CASH OR CREDIT. Printing a certain price when the proper, honest value don't go with It, means absolutely nothing. Don't be deceived, then, by any ADVERTISED price. Look into the quality. Examine THAT, for quality is the proper thing. The bottom has dropped out of high prices. Ton will be convinced of the truthful ness of tbis assertion by calling at PICKERING'S, COR. PENN AVENUE and TENTH STREET. P. 8. Our patrons are reminded of tbe fact that everything Is In readiness for oar Grand First Annual River Exoursion on Tnesday next Our magnificent steamer leaves the wharf at 8 a. if. sharp. Come, enjoy the festivities. Positive ly no Invitations issued liter Monday, 4 r. x. jtlS HARRIS'JTHEATER. Week Commencing Monday, June 16. Every Afternoon and Evening. The Talented Actor, HOBAOE LEWIS, In an Elaborate Production ot Dumas' I Oele- bra ted Drama, Monte Cristo, Supported tj tjx Exceptionally Strong Company Week of Jane 23 Horace Lewis Is A SPRIG OF GREEN. jeI5-a GUENTHER'S ORCHE8TRA Famishes Maslc tor Concerts, Weddings, Receptions, te. Lessons on Flute and Piano given by PROF. GUENTHER, 89 Fifth ave., and Bis sell block, room 532. ap20-Bu OF- oarry over old stock. They must go. .imuaBamBBmtSitStBKKBBiMaktiw.. .- W&lsaflijfflss EBMamMBKimtSiiSt&SBBSmBL. . 1 JtsMssW 4BlBSBSslPfKBSsSBlBBBllSfiBeEEKSBsllBf& MMd0AfSAUMitiBatAflSBeaArBUWlBWB)aMMliSBRlBfc4MMEeRBgggn JEfKBS"
Significant historical Pennsylvania newspapers