THE PITTSBURG DISPATCH, THURSDAY, JANUARY 15, 189L
THE
ENTESTMEtfT FEATURE
OP
Life Insurance
Policies.
Very few aeents or companies offer their
policies ic-aay solely cs a protection to me
lamily, or dwell upon their adaptation to
that purpose, or urce them for that motive.
The policies or "bonds" or "consols" of
the eager jrreat rivals are offered as an in
vestment to xhe taker, upon a figured esti
mate of their future outcome, and are urged
for the personal profit ot the taker.
In legitimate mutual liie insurance, the
j early death losses, expense, and interest
earn ices are care ully adjusted, and the re
sult apportioned to etch policy, so that each
person is yearlycharged nith juatthc yearly
cost of carrying his risk, and tyfe remainder
of his premium is remitted by way of a divi
dend. He thus knows the exact cost or his
insurance from year to year and pays that,
and no more.
But the "investment policies," "bonds,"
"consols," etc., adopt a contrary course.
The entire annual premium or "install
ment" is to be paid in full without any re
duction lor the entire "investment period,"
ten. 15 or 20 years. Xo adjustment or ap
portionment of looses, expenses or earnings
is made during that period; no dividend de
clared or paid; no means of ascertaining
what the cost of the operation is from year
to j car; no means of knowing what the real
outcome of the speculation is likely to be,
lor no statement of account can be called for
Ijv any person either during the "investment
period" or at its close. The holder of the
policy or "bond" or "consol" has to bind
himself in advance in his application to
take whatever is given him as the profits of
his venture witbout account or question.
IS THIS INVESTMENT OE SPECULATION?
Investment, in the proper and conserva
tive sense, means putting money into a
scheme of use, the expenses,profits and losses
of which are well foreseen, the fluctuations
capable of reasonably safe predetermina
tion, and themselves, therefore, capable of
being so weighed and balanced that a profit
able result can be forecast within a safe
margin.
Speculation means putting money into a
scheme, the expense, profits and losses of
wnich ire not well foreseen, or are likely to
fluctuate so irregularly, widely and uncon
trollably that they cannot be truly weighed
and balanced, nor the outcome brought into
nny margin of safe calculation, a scheme in
which gain and loss arc alike possible and
alike uncertain both as to fact and the
degree of either.
Investment knows and weighs the chances
and ascertains the balance to be safely on
the right side.
Speculation does not know and cannot
weigh the chances, but simply take them.
HOW CAN A LirE INbUEANCE COSirANY
MAKE MONET?
It has two things to do; it has to pav
losses and expenses. It charges a premium
calculated to cover the losses and the ex
penses. It knows from its mortality tables
what the losses will be within a safe margin;
it makes the expenses much or little, as it
chooses, within certain limits. It esti
mates a percentage which they ought not to
exceed and add" that to the premiums
charged to cover death losses.
Out of these premiums the company pays
its yearly death losses, its expenses, and
also furnishes the reserve to provide for the
greater mortality when its risks get older
and for the maturity of the endowments.
This reserve it can invest until it is needed,
and it i, therelorc, calculated on the as
sumption that it will earn some certain rate
ot interest while held.
If now the death losses have been less
than the table ciiled for, aid the expenses
l.ave been less than was provided lor, so
ltiucli o! the preuium will have been saved,
and can be returned to the insurer. But it
is not a profit to him. It is simply
a saving from the anticipated cost of cirry
inc liis insurance. But nis insurance is an
xjwnse to him just as his fire iusurance is.
The premium returned to him is a reduction
of the expense, not a profit.
Ii the rate of interest earned is greater
than that assumed, the excess is in the
nature of a profit. For example, if thecom
jiany assumes that each man's reserve is
giiug tb earn 4 per cent, and it does earn 5
per cent, then it puts the 4 per cent into the
reserve, and the extra 1 per cent is surplus
and can be turned back to him with the sav
ings irom losses and .expenses. This surplus
interest is usually called a profit, and is in
the nature of a profit, though its actual use
is merely to reduce the cost of carrying the
insurance. It is, however, the only profit
there is to the insurer. All else is'cost of
insurance; paying expenses, and helping
jay other people's losses until one's "own
tunc comes, when others will pay that loss.
How can this operation be converted into
n profitable investment for the insurer him
telt? It protects his family and is, therefore, in
dispensable; but how Jean he make money
out of it?
EXAMINES.
Several of the great companies are offer
ing under different names the same "invest
ment policy," "bond," etc For illustration
ot the whole matter we will select what is,
in fact, a 20-year endowment policy, with no
uividends until the end of the 20 vears.
THE ESTIMATED ADVANTAGE.
Take a man aged 30, insuring lor $10,000;
lie is to pay 20 premiums of 400 each. The
tolicy contract is to pay him 10,000 if he
lives and keeps up his policy through the
20 years. But the company "estimate" that
by leaving all his savings and interest earn
ings with them all that time, they may pav
linn an additional 57,060, or a total of
517,000, which would he equivalent to com
pounding his payments at 4.92 per cent.
HOWCAN THEY DO IT AND 1 AY EXPENSES?
This rate ol interest, 4.92 per cent, is more
than the average rate these companies are
now earning on their assets. But aside from
that fact, the expenses ol the business and
the death losses have first to be paid.
In these particular companies the expense
ratio is about 20 per cent, or one-filth of
tneir entire income. Out of every dollar of
premium and every dollar of interest 20
cents is taken for expenses, leaving only 80
rents of each to pay losses and provide the
final payment. That is. out of each pre
minmofS496 these companies can use for
the fulfillment of their contract and "esti
mates" only 5096 80. This would have to
be compounded at 6.83 per cent to produce
the estimated 17,060. if no expenses came
out of the interest, but one-fiith of that
goes to expenses also, so that to realize the
17,069 and pay expenses the premiums
must be compounded at 8.54 per cent, or
greatly more than the rate they are now
earning.
HOW MDCII CAN THEY DO?
These companies, under present condi
tions, can hardly hope to decrease their ex
pense account or to earn more than 5 per
cent interest on their assets for the next 20
years. Assuming that tbey are certain to
earn that much, and taking out 20 percent
of premiums and ot interest for expenses,
and providing for expected losses, the result
at the end of the "investment period" would
be just 10,817, instead of the "estimated"
17,000, a shrinkage of 6,243, a result not
iil u. 1 1 to the premiums compounded at 1 per
cent. In what sense can this be called a
profitable investment for one's sell? How
can any purely financial operation one that
is not a manufacturing mining, or other
wise productive business adventure that
has to bear such an expense account, be con
sidered as a profitable investment?
HOW CAN THEY MAKE UP THE SHEINK
ACE OF C,243,
to realize which would require them not
only to do business witbout any expenses at
all, but also to earn fur 20 years a greater
rate of interest than they have any reasona
ble hope of doing ?
THE EXACT EFFECT OF THE EXPENSE
ACCOUNT OF THE INVESTMENT.
These companies, having to use one-fifth
ol every premium and interest payment lor
expenses, and earning, say, even 5 per cent
interest, can be certain of producing no
more than 10,817 in 20 years.
A savings bank paying its depositors 6
per cent interest, after paying its slight ex
penses, could take the same premium, pay
the same losses, and return at the end of 20
years 15,997 instead of 10,817.
A savings bank paying only4per cent in
terest could take the same premiums, pay
the same losses, and return at the end of 20
years 14,174 instead of the life insurance
company's 10,817.
THE WHOLE TEUin IS
that no financial operation which has to bear
life insurance expenses can or ought to be
called an investment, and that no man can
justify his judgment as an investor when
he pays life insurance expenses for the accu
mulation of his money, or for any other
purpose than providing his family the pro
tection they need and cannot get otherwise
than through lite insurance. It is a finan
cial absurdity.
But the question still remains, how do
these companies which upend one-fifth of
their entire income for expenses aud can
earn certainly no more than 5 per cent, for
the next 20 years, and so cannot safely prom
ise to return more than $10,817 and really
do contract to return only 10,000 expect to
make the 6,243 more than their true appar
ent abilitv to earn, and 7,060 more than
they dare contract to pay?
THIS IS WHERE THE SPECULATION
COMES IN.
And it is this: They know that some will
die during the 20 years; they expect that
some, possibly a considerable number, will
have to let their policies lapse during that
time, some of them, perhaps, after making
large payments. So it is agreed that each
policy bolder will leave all his surplus
earned on his policy year by year with
the company for 20 years; if he dies during
the time, it is to be forfeited to thecompany;
if he lapses, it is also forfeited, and there is
forfeited besides all of his reserve unless he
applies for a paid-up policy within six
months, in which case he forfeits abont one
third of his reserve In addition to all his
surplus.
This is the speculation; and, for the sake
of it, the insured pays each year more than
the yearly cost of his insurance by the
amount of surplus earned or saved, and runs
the risk of losing it all if be dies or lapses,
and he also runs the risk of losing all, or a
considerable part, of the paid-up insurance
which be would otherwise get for his family
in case of lapse, in the hope that he won't
die or lapse aud will share the forfeitures of
those dying and lapsing, and in the hope
that these forfeitures will be so large that he
will make money thereby.
Evidently, the scheme is totally opposed
in spirit to true lire insurance, and could
not beunderstandingly engaged in by any man
solicitous for the thorough protection of his
family, or at all scrupulous about stripping
other families of their protection, or by one
at all careful to pay for his insurance only
what it costs or desirous of knowing what it
is costing year by year.
But, granting a man's willingness to
speculate with family protection for the
sake of aresult whicb.if realized, isonly 4.92
percent annual interest on his payments,
WHAT ABE THE PROBABILITIES OF SUC-
We can judge only by the past. Two of
these companies have been engaged almoit
exclusively in this speculative life insur
ance for 20 years already. For nearly all
that time they forfeited all the reserves of
lapsing policies as well as all the surplus.
But they are settling now the surplus on
policies which have received, or are sup
posed to have received, the forfeitures of the
entire reserves and surplus from lapses for
the last 20 years; and the surplus being now
paid is only about 50 per cent of the "esti
mates" of surplus on which these policies
were sold 20 years ago. Either the forfeit
ures have been much less than was esti
mated, or else the expense account has
overcome the speculation; one or the other.
But these companies now profess to forfeit
on policies now being written only about
onc-lhiru ot the reserve instead of the whole
of it, as formerly. Yet they are "estimat
ing" that the results of these policies 20
years hence which can share in the forfeit
ure of only one-third will be as great as are
the present results of the policies which are
sharing in the forfeiture of the whole re
serve for the last 20 years. They estimate
that a part will produce as much'as a whole.
The old "Full Tontine" policies in which
all reserves as well as all surplus on lapses
were forfeited are yielding only 50 per
cent or less of the "estimated" surplus. And
this 50 per cent result on Full Tontines is
now used as an "estimate" of the probable
result of the Semi-Tontines which are to
forfeit all the surplus, bnt only a third of
the lapsed reserves. For all "these invest
ment policies, "bonds," "consols," or what
ever else thev may be called, are merely
varieties of Tontiue or Semi-Tontine.
How Semi-Tontine is expected to accom
plish as much as Full Tontine has never
been explained. The expenses are increas
ing; the forfeitures can hardly be expected
to be greater, and a much less proportion of
them goes to the pool; and certainly the rate
of interest is not likely to increase in the
next 20 years.
The true question would seem to be this:
If the old Full Tontine estimates based on
lull forfeitures have received only one-half
the expected snrplus why is not an equal
shrinkage to be expected in the result of
present "estimates" or "illustrations" which
are themselves the disappointing results of
the old .bull Tontines, and which must be
realized, if at all, irom the only partial in
stead of full forfeitures?
How can partial forfeitures produce as
large a surplus as full forfeitures?
And it is forfeitures alone that can make
these policies an investment to those who
don't happen to forfeit, for the expense ac
count kills the interest account.
Or apply the test of history to this very
policy:
The old Full Tontine estimate was that
the entire cash value at the end of 20 years
would be 23,500 a surplus over the face of
the policy of 13,500. But the actual sur
plus settlement in sight is ii no further
shrinkage takes place such as has been con
stantly going on 7,060 instead of the 13,
500 promised to the hope. And now the
7,060 result of a 13,500 Full Tontine esti
mate is used as a semi-Tontine estimate for
20 years hence. If it has as good luck as its
predecessor, it will sett'e at about 3,670 in
stead of $7,060. making a total settlement of
the policy $13,670 instead of 17,060; this is
less than Z per cent on the premiums paid
mxfe
kFi pswi'r
fortltVOUflS'
Grandmother is right.
Cleveland's Superior Bating Powder
is not only better than any home made
preparation can possibly be, but it is,
a. jhf, late Ohio Food Commissioner
said, absolutely the best baking pow
der manufactured."
Cleveland Baking Powder Co.,
8i & 83 Fulton Street, New Yokr
Cleveland's Superior Baking Powder Is sold
by Geo. K. Stevenson Co., Wm. Huslage t Bon,
Knlin & Co., John A. Renahaw t Co., James
Lockbart, Wm. France 4 Son, and other high
class grocers.
"p(j "- jrQmt
wk. r:' Awn
L-AT;'!'!1 4
mmxm
t; !7-sJtri ft. if 7S Witu lift
in, and to attain even this the companies
must depend on forfeitures equal to 2f per
cent compound interest on the premiums
paid.
Is that a speculation worth hazarding all,
or any part, of what one pays foriusurance
and making his family hazard losing Hall?
Jacob Ii. Gkeene, President.
Haetfoed, Jan. 12, 1891.
TnE Connecticut Mutual Life In-
subance Co.
Marriage Licenses Granted Yesterday.
Nmr. Residence.
I Ambrose E. Hosacfc Mercer county
Ida E. M. McKee Clarlnda. la
J Dennis Sullivan Plttsbur
J Mary B. Crason.,-. Flltsbur
J Frank P. Crawford Jefferson county. O
I Viola V. Vansciyer Pittsburg
I John Consldlue Plttsuunc
1 Annie O'Kellly Pittsburg
J John C Heln Allegheny
X Elizabeth Hhn Allegheny
J Vastly TOTCznnak Allegheny
X Anna Santa Allegheny
5 George ilaknra McKeesport
KUzabethJakublck McKeesport
(John Diksnt McKeesport
J Maria Uiblrer McKeesport
(EngeneS. Magulre Pittsburg
1 Lizzie Taliaferro Pittsburg
t Louis Hamburg Pittsburg
X Fannie Fineberg Pittsburg
J Alexander Flowers Canonsburg
X Sarah K. hmilh Braddock
John Mueller Allegheny
1 Lizzie Schultz Allegheny
J Anthony A. Werling Chartiers township
I Barbara HIlz Pittsburg
MAKKIED.
BOWN-HTJG HES-Tuesday, January 13
at 7:15 P.H.. by Rev. George Street, at the fam
ily residence. Grannview avenue, W.T. BOWN
to Elizabeth S. Hughes.
DIED.
BATES "Wednesday. January 13, 1891, at 12
si., Charlotte, wifa of Samuel A. Bates (nee
Rankin), in th 68th year ot her age.
Funeral Friday, 15th. from the residence of
her daughter, Mrs. McDonald. No. 1719 Sarah
street, Soutbside. Friends are respectfully In
vited to attend.
BLACK On Monday. January 12.18al. at
230 p.m., John Black, aged 72 years, at his
residence. Edgewood, P. R. R., formerly of
Brinton, P. R. R.
Funeral services will be held at his late resi
dence, Edgewood. Pennsylvania Railroad,
Thursday. January 15. at 1 p. 11. Interment
private later at Homewood Cemetery. 2
CONNERS On Wednesday. January 14.
1S9I. at 5 P. jr., JonN Conners, of Nineteen th
street, city, aped 33 years.
Notice of funeral In evening papers.
DAVAGE On Tuesday, January 13. 1E91,
at the residence of her niece, Mr. Mary B. Kin
caid. 510 Sheridan avenue. East End. LUCY
DAVAGE. relict of the late Thomas Davage, in
her SOth year.
Funeral services Thursday afternoon,
January 15. 1831, at 2 o'clock. Friends of the
family are respectfully invited to attend.
GILDERBLEEVE On Tuesday, January 13.
1891, at 2 P. St., at her residence, 3339 Ridge
street. Thirteenth ward, city. Mrs. Samilda
C. Gilderslkeve, in the 45th year ol her age.
Funeral services to-day at2r. m. Friends
of the family are respectfully invited to attend.
IFranklin, Butler and Mercer (Pa.) papers
please copy.
HAMILTON Tuesdav night. January 13.
1891. at Charter's Station, P. & L. E. R. R.,
RAY W son of William and Margaret Hamil
ton, aged 1 year and 6 months.
Funeral services at 10 A. M., THURSDAY, Jan
nary 15. Interment at Beaver, train leaving
Chartiers at 11 JO a. it., city time.
HERRON At 11:10 P. jr.. January 12, 1E91,
Cornelia Davidson, daughter of Samuel D.
and Mary J. Herron, aged 18 years 4 days.
Funeral services on Thursday at 3 p. it.
Interment private. 2
IRVINE On Wednesday. January 14. 1891,
TnoMAS E. Irvine, aged 25 years, member of
the Bricklayers' Union No. 2.
Funeral Saturday at 2 P. M. from his late
residence. No. 59 Third street, Allegheny. In
terment private.
IRWIN On Wednesday. January 14, 1891, at
220 A. x., Mary, daughter of Thomas H. and
Allie Irwin, aged 8 years.
Funeral from the family residence, at Irwin,
Pa, on Thursday at 2 p. m.
JONES A: Homestead, January 14, 1891,
Dallas F.. infant son of Nettie S. and J. B.
Jones, Jr., aged 1 year.
Another little angel has joined his angel Bis
ters and brother in their heavenly home.
Friends are respectfully invited to attend
funeral Friday, at 2 p. 21.
KRATJTH On Tuesday. January 13, 1891, at
220 A. h., Samuel Kbauth, aged 79 years and
7 mouths.
Funeral services at 2 p. M. Thursday. Janu
ary 15, at his late residence. Bell avenue, Char
tiers, McKee's Rocks, Allegheny county. Pa.
o
LAUGHL1N On Tuesday. January 13, 1S91,
at 11:15 p. M., Charles Roy. son of Clyde B.
and Annio b. Laughlln, aged 1 year 3 months.
Funeral on Thursday, January 15, 1891, at 2
p. M., from parents' residence. New Brighton
roaa, Allegheny. Friends of the family are
respectfully invited to attend.
McHUGH On Tuesday. Januarv 13, 1891, at
4:45 p. M., Mary Geneveive, daughter of
James and Rose McHugb, in her 11th
year.
PERKINS On Tuesday afternoon, January
13, 1891, Daniel C. Perkins, in his 66th year:
with Adams Express Company for ia years.
Funeral from Samson's Chapel. 75 Sixth
avenue, on Sunday afternoon, January 18,
at 2 o'clock. Friends of the family are respect
fully invited to attend.
RITTKR On Tuesdav, January 3, 1891, at
10:13 p. 11., Ida Blanche Gertrude, daughter
of Georgo and Annie E. Ritter, In her 11th
year.
Funeral from her parents' residence, 241 Fed
oral sireet, Allegheny, on Friday, at 9 A. M.
High Mass at St. Peter's Pro-cathedral, Alle
gheny at 9 A. M. Friends of the family are re
spectfully invited to attend.
(Newark (N. J.) papers please copy. 2
SWEENEY At noon, on Wednesday, Jan
uary 14.J1891, CHARLES SWEENEY, aged bO
years.
Funeral from the residence of bis brother,
Dennis Sweeney. No. 12 Scott alley.on Friday,
Jannary IB, at S&0 a. M. Services at St. Paul's
Cathedral at 9 A. ii. Friends of tha family are
respectfully invited to attend. 2
VERNER On WeJneday morning, Jan
uary 14, 1S91. James K. Verner, in his 40th
year.
Funeral services at the residence of his
father, 939 Penn avenue, on Friday after
noon, at 2 o'clock. Interment private at a
later hour. 2
VOLZ At her residence. Spring Hill, Re
serve township, on Tuesday, January 13, 1S91, at
6 p. M., Maggie Volz, in her 3StU year.
Funeral on Thursday, January 15, 1891, at 2
p. M., from her late residence. Friends of the
family are respectfully invited to attend.
WEIDMAYER On Wednesday, January 14,
1891. Mr. Christoph Frederick Weid
mayer, aged S3 j ears.
Funeral from the residence of his son, Mr.
Frederick Weidmayer, No. 9 Marlon street, on
Friday, January 16, at 2 p. m. Friends of the
family are respectfully invited to attend. 2
WICKER On Tuesday, January 13, 1891, at
3:30 a. m.. Eleanor a L. Bubkhart, wife of
Henry Wicker, aged 27 years.
Funeral on THUESDAYat2p. M., from her lata
residence. Grand avenue, Millvale. Friends of
the family are respectfully invited to attend.
2
WILSON On Tuesday, January 18. at 820
p. m., Edward Bell, son of W. W. and
Bertha Bell Wilson, aged 14 years.
Notice of funeral hereafter.
WISE On Tuesday, Januarv 13. 1891, at 7 A.
M., Frederick W.. son of Henry and Eliza
beth Wise, aged 12 years and 4 months.
Freddie was our darling boy,
Pride of all our hearts at home:
But the angels came and whispered,
Freddie, darllug, do come home.
Fnneral on Thursday, January 15, 1891, at 2
P. M., from parents' residence, 96 Southern
avenue, Mr. Washington. Friends of tha
family are respectfully invited to attend. 2
WITTING On Tuesday. January 13, 1891, at
3:30 P. M.. Lizzie Moloney, wife of Henry
Witting. 5S0S Ejlsworih avenue. East End.
JAMES ARCHIBALD A BRO..
LIVERY AND SALE STABLh.S,
96 and 93 becond avenue, between Wood and
Smithfleld streets.
Carriages for funerals, S3. Carriages for
operas,parties,etc,at the lowest rates. All new
carriages. Telephone communication,
my6-90TTS
WESTERN INSURANCE CO.
OF PirrSBURG.
Assets 5443,50187
NO. 411 WOOD STREET.
ALEXANDER NIM1CK. President.
JOHN B. JACKSON. Vice President.
fc22-26-TT3 WM. P. HERBERT. Secretary.
-pEPRESENTEO IN PITTSBURG IN 1SU
Asset . . !9JW1,89833.
Insurance Co. of North America.
Losses adjusted and paid by "WILLIAM L
JONES. S4 Fourth avenue. ja20-s2-D
NEW ADVERTISEMENTS,
SWEEPING
REDUCTIONS
IN OUR
Holiday Bazaar.
To insure a
quick dis
posal of the
remaining
articles in
ourHoliday
Bazaar we are giving to-day
33 Per Cent Off
From all Pottery (excepting
the Rookwood), and includ
ing all the beautiful shapes
and decorations in the new
Taizon ware of Japan.
20 Per Cent Off
From our large assortment of
Bamboo and Punjab wares,
consisting of Parlor Cabinets,
Screens, Easels, Tables, Maga
zine Stands, etc.
15 Per Cent Off
From Ladies' Writing Desks,
Music Stands.Shavinor Stands,
Parlor Cabinets, in all woods,
Children's Rockers and High
Table Chairs and Bric-a-Brac
generally.
Now is the House
furnishers golden op
portunity. I, Mitt to
33 FIFTH AVE.
de25-TThS
CLOSING OUT
Wool
Hose!
Ladies' Wool Hose, black and colors, re
duced from 35 to 25c a pair.
Ladies' Natural Wool Hose reduced from
50 to 35c -pair.
Laaies' Bibbid Wool Hose, black and
colors, reduced from 50 to 35c a pair.
Ladies' Black Cashmere Hose, best to be
bad at the price, 50 cents a pair.
Ladies' Black Fleece-lined Silk Hose, re
duced from $1 to 75c a pair.
Children's Bibbed Wool Hose, extra qual
ity, at 25c a pair, medium and heavyweight
Childreua Bibbed Wool Hose, fine qual
ity, heavy weight, at 35c, 3 pairs lor ?L
Children's Bibbed Cashmere Hose, all
sizes, 5J4 to 9, at reduced prices.
A lot of Men's Fine Merino and Casbmere
Half-hose 75c and 85c goods, all to go at 0
cents a pair.
Home & Ward,
41 FIFTH AVE.
jal3-D
SEAL GARMENTS
REFITTED
-AND-
REPAIRED
-AT-
ONCE.
Our winter repair work In Ladies' Furs has
been finished up to date, so anyone bringing
their garments to us THIS WEEK can bare
them done at once.
PAULSON BROS.,
441 WOOD ST.
Manufacturing Furriers.
ja8-TTS
LIQUOR HABIT.
15 ALL THE WORLD THKRK 19 DOT 0SE CUBE.
DR. HAINES' GOLDEN SPECIFIC.
It can be riven in a cup of coffee or tea. or In
articles of food, without the knowledge of the pa
tient, 11 necessary. It Is absolutely harmless and
will effect a permanent and speedy cure, -whether
the patient Is a moderate drinlcer or an alcoholla
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undergoes no inconvenience, and ero be Is aware,
bis complete reformation It effected. 43 page book
free. To he had or
A.J. HANKIN, Sixth and Tcnn t., Pittsburg;
E. HUL.UEN & CO.. 63 Federal it.. Allegheny.
Trade supplied by UXU. A. KJCLLY A CO.. .Pitts
burg, l'a. mrU-O-TTS
CANCER
and TUMORS eared. Ho
knife. Bend for testimon
ials. U.H.McUlcbael.M.D,,
63 Niagara it., Buffalo. M. X.
mhis-120-rrasaAw
NEW ADVERTISEMENTS.
HOSIERY BARGAINS,
85 dozen Ladies' and Children's
All-wool, Seamless Hose, reduced
from 25c to 15c.
And 62 dozens, better quality,
reduced from 38c to 25c.
Also, 18 dozens Ladies' Black
Silk Plated Hose, reduced from
75c to 50c.
Fleishman & Co.,
504:, 506 and 508 Market St.
P. S. CLOAKS AND FURS at
immense reductions.
jal5-D
Thirty Dollars'
Worth of Merchant Tailor
Made Garments for
Twelve Dollars.
$12. $12.
For a f30 Jlade-up-to-order
Suit,
in all styles.
$12. $12.
$12. $12.
For a 530 Mude-up-to-order
Over
coat, in all styles
and sizes.
$12. $12.
The Pittsburg Mop-Wringer.
STRONG! DURABLEl EFFECTIVE!
A galvanized steel
bucket and wringer com
bined. Easily operated
with the foot as shown
in cut. Cold or boiling
water with soda or con
centrated lye can bs used
without injury. As the
hands do not come in
contact with the water,
chapped, scalded and
sore bands are avoided.
No special moo re
quired. Superior to wood
bucket that is liable to
fall to pieces with ex
pansion or contraction.
or to Deconie ociorons
from the dirt and filth
wrunc into it. Do your
'cleaning in hall the
time.
Dealers have it or will
pet it for you. If not, send to us for it.
Try our thread mops. Superior to all others,
PITTSBURG MOP-WKINGER CO.
h
203 and 05 Wood street,
Pittsbnrir,
jag-15-TnThsa
STEAMERS AND EXCURSIONS.
NORDDEUTSCHER LLOYD
S. S CO.
Fast Line of xpresaSteamen.
New York to Southampton (London) Bremen,
Sl'KING SAILINGS, 1391:
Havel, Toes., April 14 Elder, Sat., May IS
Elbe, Wed., April 15 Trave, Tucs., .May 19
Elder. Sat.. April IS Fulda, Wed., May 3)
Trave, 'lueg., April 21 Saale, bat., Mar 2!
Fulda, Wed., April K Spree, Tues., ilay 28
baale. Sat., April lo Werra, Wed., ilay W
bpree, 'J'uea., April 23 tms, bat., May 30
Werra., Wed., April 2D Lahn, lues., June 2
Ems, Sat., May 2 Kaiser, Wed., June 3
Lahn, Wed., May 6 Aller, bat., June 8
Aller, Sat., May 9 Havel, Tues., Jane 9
Havel, lues., May 12 Kibe. Wed., June 10
Elbe, Wed.. May U Eider, Sat.. June 13
'lime from New "Vort to Southampton. 7K days.
From Southampton to Bremen. 2-1 or 30 nours.
From Southampton to London, by Southwestern
Hallway Co., 2& hoars. Trains every hour in the
summer season. JUllway carriages for London
await passengers in Southampton Docks on arriv
al ot Express Steamers from -New York.
'these steamers are well known for their speed,
comfort and excellent cuisine.
MAX 3CHAUMBEKU &. CO., 627 Smithfleld St.
LOUIS MUESER. 616 Smithfleld St. Jal-tcO-D
STATE LINE
-TO-
Glasgow,Londonderry, Belfast,
Dublin, Liverpool & London.
FROM HEW YORK. EVERY THURSDAY.
Cabin Passage, 35 to $50, according to location
of stateroom. Excursion, 65 to (95.
Steerage to and from Europe at lowest rates.
ADSIWI BALDWIN & CO,
General Agents, 53 ilroadway. New York,
J. J. Mccormick,
sel-l-D Acent at Pittsburg.
riUNARD LINE NEW YORK AND LIV.
J ERPOOL. VIA QUEENSTOWN-From
Pier 40 North riven Fast express mail service.
Bervia. Nov. L8am
Umbria. Nor. 22. 2 D m
Etruria, Ndv. 8.2pm
Aurania, Nor. 15, 7 a m
8ervia,Nor. 29. 7am
Gallia, Dec 3. 9:S0 a m
.Botnnia, jn or. i'J, iu a in
Etruria, Dec. o, noon
Cabin oassace 160 and unward. according to
location; intermediate. 35 Steerage tickets
to and from all parts of Europe at very
low rates. For f reignt and passage apply to the
company's office. 4 liowling Green, New Yorlc
Vernon H. Brown 4 Co.
J. J. MCCORMICK. 639 and 401 Smithfleld
street, Pittsburg. oc27-D
Ty H1TE STA.K Ll fc-
FOK QUEENSTOWN ANU LIVERPOOL.
Koyal and United States Mall Steamers.
Celtic, Jan. 21. 3 p m, 'Celtic Feu. is. 2 pm
GermanlcJan.28.7:30ainiMajC8tIc, Feb. 25, 7am
Adriatic, teb. 4, 2p ini'AdrLitlc. March 4. 1- m
.Teutoulc Feb. 11, 7nmlTeutonlcMli.ll. 6:3uara
From White Star dock, ioot ot Weit Tenth bv.
Second cabin on these steamers. Saloon rates.
60 and upward. Second cabin. S33 and upward,
according to steamer and location or berth. Ex
cursion tickets on favorable terms. Steerage. (20.
White Star drafts payable on demand In all tha
principal banks throughout Great Britain. Ap-
Sly to JOHN J. MCCOhMICK, 688 and 401 Smith
eld St.. Pittsburg, or J. BULCE 1SMAI, Gen.
ertd Agent. 41 Broadway. New York. Je23-D
AMERICAN LINE,
filing ererr "Wednesday from Philadelphia
and LiTerpooL Passenger accommodations tor
all classes unsurpassed. Tickets sold to and
from Great Britain and Ireland, Norway, bwe
den, Denmark, etc.
PKTEB WRIGHT & SONS,
General agents, 305 "Waluut st Philadelphia,
Full Information can be had of 3. J. MoCOR-
AUUK Fourth arenno and Bmlthnela strast.
LOUIS MOESKR, 618 Smithfleld street.
mbS-44-TTl
j
AT THE
wMwm
mfWmm
1ll5-TTSSU
Mrvla
NEW ADVERTISEMENTS
B. & B
-$$-
OUR CLEARING
PRICES
Crowded Our Store
Yesterday,
UPSTAIRS AND DOWN
TO-DAY
PRICE
Will Crowd More.
Surplus lot CO to 55-inch All-Wool
CLOTH SUITINGS
-AND-
TRICOTS,
Colors and Mixtures 75-cent and 51 goods
Go To-Day 50 Cents.
Double-width All-Wool TEICOIS, all
colors 50-cent values GO TO-DAY 25
CENTS.
60 to 54-inch PLAID SUITINGS,
STRIPE SUITINGS. ROUGH, SHAGGY
EFFECT SUITINGS, $1, 51 25 and 1 50
values, to-day all go at 50 and 75 cents.
CHOICE ASTRAKHAN
PLAIDS,
Good color combinations the Black Curled
Astrakhan "Wool forming Plaid they sold
in thesccities they sold in Eastern oities
at $1 25 all the past season. To-day thev
go at 75 CENTS.
200
Dress Patterns.
50 TO 56-INCH
Scotch, English and Ameri
can Suitings,
6 and 7-yard Patterns,
$4 50 Each.
WOOLENS in good styles as these ($4 50
a pattern). Somebody is making a great
LOSS. You're getting a great bargain
for now or next spring or summer.
The 27-inch
Black and White Indias,
27-inch
Colored Indias,
Good styles, $1 25 values,
To-Day at 75 Cents.
THE NEW
1891 INDIAS,
75o, $1 and 81 25, are on sale.
The Dollar
CHEVIOT SILKS,
60 Cents.
THE STRIPED HABUTAI
SILKS,
75 OENTa
The 1891 Embroidery Opening
SPECIAL SALE
Tbe most successful and important we're
ever had.
CLOAK ROOM
Never had such a SALE.
DETERMINATION on our part to sell
every Ladies', Hisses' and Child's Garment
absolutely, and accept the LOSS, is pro
ducing RESULTS beyond our greatest ex
pectations. Come, see for yourself.
Boggs&Buhl,
ALLEGHENY.
U.
NEW ADVEETlSEirENTS.
HORSE CLOTHING.
Nearly every reader of the Dispatch knows that we sell
Clothing for Men and Boys, a reliable article in the
same, and, quality considered, at the lowest prices pos
sible. But you are not all so well posted in the fact
that we sell
CLOTHING FOR HORSES.
You'll find in this department at the present time some
bargains which no other house in this town begins to
duplicate.
YOUNG-MAN-AFRAID-OF - HIS - HORSE taking
cold and all who own one of these noble animals, see the
following:
A GOOD HORSE BLANKET FOR 59c.
LINED HORSE BLANKETS,
Reduced from $1.49 to 99c.
ALL WOOL HORSE BLANKETS,
Reduced from $2.90 to $1.98.
ALL WOOL HORSE BLANKETS,
Reduced from $3.24 to $2.24.
ALL WOOL PLAID HORSE BLANKETS,
Reduced from $3.49 to $2.49.
ALL WOOL PLAID HORSE BLANKETS,
Reduced from $3.89 to $2.98.
PLUSH KNEE ROBES,
Reduced from $1.69 to $1.24.
TWENTY-FIVE GOAT FUR ROBES,
Reduced from $4.50 to $2.63.
TWENTY GOAT FUR ROBES, PLUSH BACK,
Reduced from $6 to $3.98.
Each of the items quoted was good value at the prices
at which we have been selling them all along. This
being the case it won't take you long to figure out how
great their value at the reduced prices.
GUSKY'S
30O TO -iOO MARKET ST.
W-iLXiZD PAPBB:
A full and complete line of all grades of NEW
TAPER HANGINGS and DECORATIONS
for the coming season now in stock.
W HI. BABZBR
503 MARKET
20 Per Cent Discount
The Lowest Prices Ever Reached
For Reliable Clothing.
Trade is running a steady grist with us. No reason why
it shouldn't; yet we can stand more.
We believe we can please you as you never weie before.
It's the unusual to buy such clothing as we manufacture 20
percent less than former prices. t
Who's going to buy ill-fitting, mean-quality clothing when
he can get good-fitting reliable goods for less money? Not
you. Not anybody who thinks his dollar's worth 100 cents.
Don't let us both lose money ! We've got to. You save
what we must lose.
No reservation of auy kind. Everything in our store on
the one basis. Note this statement with our name attached.1
The regular selling prices are untouched and marked in
plain figures on the garments; you pay just 20 per cent less
than you see on the tickets.
Will you see us to-day ? This is your chance for Ready
Made or Made-to-Measure Clothing.
WANAMAKER&BROWN,
COR. SIXTH ST. AND PENN AVE.
'P. S.-We reserve the right to stop this sale at any time.
3
STREET 503
jylS-30
CABINET
Letter and Document Files
All Kinds. All Sizes. Honest Prices.
The beginning of tno year is tho time to inaugurate an improred
system for filing your papers.
We carry the largest stock In Pittsburg.
OFFICE SPECIALTY CO.,
105 Third Ave. (Near Wood.)
de29-ZTS
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