jgBsaai
Stf TsfZ&SggT'XffFl'ZSW
wsT'm
THE PITTSBURG- DISPATCH, MONDAY, JULY 20, 1891.
TOO MUCH PROMISED.
Xew Enterprises That froldOut Bather
Shaky Inducements.
DIVIDENDS OP EIGHT TER CEXT..
The High Iiate of Interest Asked Covers-
Many Hidden Risks.
ADVICE TO THE WOULD-BE IXTESTOKS
rSrECIAL TELEGUA5I TO THE DISPATCH.
Xew York, July 19. Matthew Marshal
reviews the financial and speculative situa
tion for the Sim to-morrow as follows:
The launching on the market of a numher
of new industrial undertakings comes very
opportunely to break the insupportable
dullness which has lately prevailed in
Wall street. It makes me think of what
the famous Sexton Brown, of Grace Church,
taidonc -winter when balls and parties, the
management of which supplemented his re
ligious duties, were few, and his collateral
income therefrom was scanty: "Xothing is
going on in the way of dancing, but I con
trive to make the funerals lively."
For, in a certain not invidious sense,
each of these new industrial companies
represents a funeral. Its formation marks
the death of an old, well established private
concern and its resurrection as a corpora
tion. Its future lot, like that of individual
mortals, is veiled from human eyes, and
only time and experience will reveal it.
The striking feature to me of the advertise
ments of these undertakings is the liber
ulitv of the terms they ofler to investors.
Jiight per cent, preferred and cumulative,
teems to be by common consent the income
which they promise.
Reason for the Liberality.
This is due partly, I am told, to the law of
Xew Jersey, under which the companies
are mostly formed, limitiug preferred divi
dends to S per cent per annum, and partly
to the tact that the preferred stocks of simi
lar companies already on the market, such
cs. for example, the American sugar refin
eries, sell at prices -which return & per cent
and over to the purchaser. "Whatever may
be the reason, the fact remains that both by
the promoters and by the public, 8 per cent
is taken to be the proper and normal hire
of mouey when it is to be invested in indus
trial undertakings like those now presented,
on the best security that they can furnish.
This is a phenomenon that merits investi
gation, not only by those who are disposed
to put their money into these undertakings,
but by disinterested observers like myself.
"Why is it, and what does it mean, that
when the Government can borrow at 2 per
cent per annum, municipalities at 3, private
owners of city real property at from 4 to 5,
and railroad companies in good credit at 5,
the proprietors ot these private enterprises,
which, if the prospectuses" tell the truth
have long been enormouslv profitable, and
are to continue under the same management
as heretofore, cannot procure capital at less
than 8 per cent?
Coierlnc; a Hidden Risk.
The first impression produced upon my
mind, us it doubtless is upon the minds ot
all who have seen for many years the ups
and downs of speculators, is that this high
rate of interest is a bait covering a hidden
risk. It brings to remembrance the saying
attriDutea to tne JJuke ot Wellington,
"high interest means bad security, " and I
am reminded by it of an anecdote of the late
Stephen "Whitiiey. lie had been solicited to
join in a speculation upon which he figured
out a clean profit of 100 per cent in a few
months. Mr. "Whitney, not liking either
the speculation or the speculator who was
managing it, declined with thanks, saying:
"My dear sir, the thing is too good alto
gether; my conscience would not allow me
to make so much money."
So, the offer of 8 per cent per annum for
the use oi capital- implies, at first sight,
either that the investment is doubtful, or
that the dividends are unconscionable. At
the same time I concede that these enter
prises are still comparative novelties, and
have yet to win their way to publie favor.
Tho Standard Oil Example.
"When, some six or seven years ago, tha
Standard Oil certificates, to the amount of
70,000,000, were oflered on thejnarkct they
brought only 90 cents on Si, although they
were paying 12 per cent per annum, .and
those who bought them at that price did so
with considerable hesitation. Since then
J 20,000,000 of pure water has been added to
the tU,000.0UO original capital without re
ducing the dividend rate, and the whole
590,000,000 is now selling at Eomewhere be
tween 100 and 170. The steady payment of
dividends Ljs given the investment a good
reputation, which it did not enjoy at the
outet, and the early purchasers ot it are
reaping the reward of their audacity.
It may well be, therefore, that the offer
of 8 per cent on par, Inch is considerably
less than the 12 per cent on 90 offered by the
Standard Oil Trust, indicates no more than
the amount of temptation necessary to in
duce capitalists to put their money into an
undertaking, good enough in itself, but
which lacks the stamp of approval, attaina
ble only by a career of several years of suc
cess. Balancing this consideration against
the distrust aroused by the seemingly ex
cessive income promised, each investment
is left to be judged upon its intrinsic
merits.
Where tho Trouble Arises.
Here is where the difficulty arises. Peo
ple in general have not the means of form
ing a satisfactorv opinion upon a business
in which they themselves have no personal
knowledge, and of which they can learn
nothing eAcept what iB told them by per
sons who have the strongest motive to rep
resent matters as favorably for themselves
as possible.
Then, too, comes the further inquiry:
"Why, if these various concerns into which
the public are invited to put their money
are as profitable as they are represented to
be, is it necessarv to appeal to the public
for money at all? I can well understand
why a partnership composed of many part
ners, and having large and widely-eitended
transactions, should be converted into a
corporation. A partnership is dissolved by
the death of a single member of it, and has
to be liquidated aud organized over again at
great trouble and expense, with probably
great loss of capital through the withdrawal
of the deceased partner's share; whereas a
corporation goes on forever, like Tennyson's
brook, and disregards individual catas
trophes. Changing to Corporations.
For this reason Tiffauv & Co., "W. & J.
Sloanc, and Park & 1'ilford nave been
formed into corporations, although no
change has been made in their mode of do
ing business, and so far from asking money
"from the public, these stocks are jealousy
kept in the hands" of their original mem
bers. They have all the capital they want
and do not desire to share their profits with
outsiders. But when, in addition to in
corporating itself, a firm of long standing
and good reputation offers practically to sell
out at a low price, it is impossible to avoid
the suspicion that there are other reasons
for the step than those -w Inch appear on the
surface.
Here, again, a satisfactory explanation is
possible, and the suspiciou 1 nave men
tioned may be completely removed. Hot
to repeat the illustration "furnished by the
Standard Oil Trust, there are plenty of
cases to show that a willingness to admit
the public as shareholders in a business may
arise, not from any wish to unload it upon
them, but either to obtain permanently
capital -which has hitherto been raised only
by continual borrowing, or to enable the
proprietors to use for other purpose the
money they have locked up in it.
Guinness and Lorillard's Action.
Thus Guinness & Co., the Dublin brew
ers, sold an interest in their brewery with
great benefit to those who bought it, and
lrom all that I hear, Mr. Lorillard has
ample justification for disposing of apart
of his tobacco business in the advantage to
be gained by having ready cash for its
needs, instead of being under a perpetual
necessity of borrowing.
After'all, the question comes back, as I
have frequently said on other occasions, to
the personal character of the men who ore
to conduct the concerns in which investors
are asked to invest. Acorporation cannot
successfully run itself any more than a
partnership can, and calling a man presi
dent, secretary or director does not endow
him with honesty and sagacity. His share
holders are. to tfie extent of their shares,
special partners with him, audit is a safo
rule not to buy stock in any corporation
which is managed by men who would not be
desirable general partners in a private firm.
Especially to be avoided are stocks in
which the officers of the companies are
gambling on the stock exchange. The exi
gencies of their situations compel them oc
casionally, if not to tell lies, at least to sup
press the'truth, and without a full knowl
edge of the truth it is impossible to use
one's judgment with any hope of a sound
result.
Mast Bo Ready to Lose.
Bearing all these things in mind, and ex
ercising reasonable discretion, I think that
investments in these new industrial enter
prises may properly be made by those who
can afford to lose what they put in if for
tune nrove adverse to them. They offer,
first, a probability of a large return upon
the amount invested, and then, if, as the
time goes on, they demonstrate their
ability to pay this income, year in, year
out, their price in the market is sure to
advance, like that of the Standard Oil cer
tificates. "When the seeming bad security
is demonstrated to be good security, its
capitalized value will increase, and will
reduce the high interest to low interest.
This has been the case so often that one
need not mention instances.
Time tries all things, and the weeding
process is inevitable. In the struggle for
existence, which prevails in money making
as in everything else, the fittest eurvivo
and the weaker go under. To pick out the
winners in advance and to discard the losers
requires knowledge, skill and action; in
stinct which may be sharpened by exercise,
but which cannot be supplied by art if it is
wnntinir bv nature. I can onlv offer sug
gestions; my readers must do the rest them
selves.
THE SEWS OF ONE DAY.
TIIE EVENTS OP SATURTJAT CON
DENSER INTO SMAI.Ii SPICY ITEMS.
Record of Happenings In the Old World.j
Across the Continent and at Home A
Comprehensive Review of tho History
of a Week Day.
The Sunday Dispatch contained a com
plete record of tho events of Saturday. It
chronicled tho happenings in Europe and
ncrosstho continent and every place reached
by telegraph and cable, as well as tho news
at home. For tho benefit of those who did
not read the paper the following condensa
tion has been made:
Domestic
Quay will resign the office of Chairman of
the Republican National Committee Gen
eral Charles K. Brayton turns attorney....
Third party movements likely to defeat the
Demoorats General Ilastlngs mentioned
for Leaguo President Dalzell weakens his
chances in tho fight Ingalls going to
Europe Major Warren after the League
Presidency Detectives search for four.
ycarsforaman....A lost boy recovered in
the mountains A hotel keeper runs him
self to death An Indian light near Fisher,
Ark Washington , wants tho G. A.
R. encampment A child alive in its
coffin Reasons why Wanamaker's loan
was called in....Bardsloy's money miss
ing ...Deserted his wife for a singer....
How the decree against pork was rescinded
....A slandering husband horsewhipped....
American Catholics need a representative at
Rome How a steamboat was stolon....
Unveiling of thetatuo of Stonewall Jack
son. ...Trial of a new airship. ...Exploits of
Sharper Parker.. ..Negroes battle with hoes
Senator Jones' son dying from a shot In
a quarrel ...Troubles of tho Cordage Trust
Earthquake shocks felt at sea Raid on
Indianapolis lotteries Arrest of a sus.
pocted express robber....A Judge ignores
tho orders of the Kansas Supreme Court....
Son of an ox-Governor is reported a de
faulter.. .Rain at Chautauqua spoils tho
fun . .Cottages threatened at Cape May....
Iron workers may secede at Youngstown....
Fasted days and still allve....A photog
rapher walks over Niagara Falls ona wire....
Commissioner Morgan talks about tho Cath
olic Indian Bureau. ...Swindlers abandon
tho malls Baptist factions at Lebanon,
Ind., arc fighting ...A thief at Indianapolis
captured by a woman.. .Kentuoky distillers
disturbed over tho whisky surplus
Texas sheriff indicted for opening letters of
prisoners . .Pastor Hill ana J
prisoners . .Pastor um ana tvangeiist sam
Small
..Dayton horses attacked oy mnu-
enza ...A Chicago gin laus tnree stones
without injury ..An enormous sugar crop
. .San Diego Deputy Marshals convicted. . . .
Militia In danger in Tennessee.... Arrested
In New York on CO charges of burglary....
The Moqni Indians1 snake dance Arthur
Newmnn, an actor, going mad Turners par
ade in Brooklyn . . . .Hebrews to be sent back
to Russia The Grafton postofflce blown up.
Foreign.
Stanley and his wife separate. ...Mersier
of Montreal In favor of independence An
English bank closes Its doors Trouble
caused by tho strike In Paris.... Eleven Uvea
lost at Liverpool by a Bwitchman's blunder
....Great musical festival at Bavreuth....
Wedding of a New Yorkgtrl In London....
England gets the best of the Dreibund bar
gain.... World's Fair matters In Germany
Gambler Parker suicides in London....
Relief for RnsBian distress European
powers said to be arming for an expected
outbreak Adoption of a report by the
London Cobaen Clnb English Congrega
tional ministers shun tho Unitarian....
Princeof Naples will visit England Min
ister of War of France defeated In the Cham
ber of Deputies. ..Steamer collision in the
Channel A useless Royal commission....
Salisbury proposes female suffrage.... Emi
gration commission will commence work in
London to-day.
" Local.
A Colorado miner can pull his handker
chief through his body Pitched out of a
club....Breen held for manslaughter A
grip sufferer missing ...A sewer builder
swept away and drowned David W. Miller
dies.. .Three Poles raise a disturbance....
Arrested for aiding his son to escape....
Eastsiders flro at burglars. ...Dogs allowed
soven days grace.... Allegheny in darkness
A skiff upsets and one man drowns....
The Lotus Club goes to the Thousand Isles
.. .Fuel of the future ...Builders' Exchange
drops four members. ...Carnegie, Phipps &
Co. ready to make plates. ...The plumbers'
walking delegate appointed National Treas
urer Amalgamated Affairs The Randall
reunion.. .Lee Donley's assailants released
on bail.. . .Five colored men held for robbery
.. .Found dead in a coal mine. ...Eleven
offers of rates for the Poor Farm Potato
bugs are scarce The war on the wires
Pittsburg is a good sporting town....Re-
enge of two young ladies on their lovers
"Warned by White Caps Sales of trunks
have increased . .Cleveland not popular in
West Virginia.... West End filled with
tracks. DivoiC3 cases In court.... Dent in
countyjail.
DESEBTED AND DEFAULTED.
Ten Thousand Dollars Missing In a Chicago
Manager's Acconnts.
Chicago, July 19. "William Leuthstrom,
manager of the Carey-Lombard Lumber
Company; who has been missing from home
for more than a week, is supposed to be a
defaulter to the extent of ?10,000. He was
last seen by his wife a week ago Tuesday, at
which time he told her he had to make
a business trip. Saturday afternoon he left
the office of the lumbercompany with $2,000
which he was seen to deposit "in the bank.
Failing to show up by Tuesday inquiries as
to his whereabouts developed " the fact-that
Leuthstrom had left the city.
An examination of thecompany's books
showed shortages amounting in the aggre
gate to over $10,000. Although a mar
ried man and the father of five children,
Leuthstrom when he left the city was ac
companied by a woman with whom he has
been occasionally stopping at the Briggs
House since February last. It is known
that the defaulter has been doing consider
able speculation on 'Change of late, yet the
firm of whose interests he was manager had
implicit confidence in his honesty. He is
believed to have started for Australia. His
wife and children are left destitute.
LANCED BY APACHES.
Woman's Horrible Sufferings in
Central Arizona.
SHE CRAWLED TO A CAKOA RANCH
Braised With Stones and Left for Dead on
the Desert Sand.
SIXTEEN MILES TRAVELED IN NINE DAIS
Sait Francisco, July 19. Mrs. Wjlliam
Page, of Phoenix, Ariz., tells a story of ter
rible sufferings and marvelous escape from
the Apaches. ,
It appeared that "William Kirkland Page
and a few more Americans had established
a camp in the mountains in the rear of the
Canoa ranch, whence they sailed forth every
morning for the purpose of cutting timber
in the mountains, returning in the evening
to camp. Mrs. Page and a Mexican girl,
aged about 12 years, were with them in the
camp attending to the cooking. One day in
the latter part of February, shortly after the
men had left for their work, a band of In
dians, said to have consisted of 17, swooped
down upon the camp, taking
iue wuxouu
and child with them.
A week later the Indians had surrendered
to Captain Ervell, had delivered the Mexi
can girl uninjured, and Ervell had placed
eight or ten of their number in irons
and sent them under a strong guard to Fort
Buchanan.
The Indians Thrust Lances in Her.
It appears that immediately after captur
ing her the Indians had lanced her in vari
ous places, and then had thrown her into a
gully and thrown rocks at her until they
thought life was extinct. The night follow
ing being rather cool, she had regained con
sciousness, and as soon as her senses had so
far recovered as to be able to decide what
course to take, she commenced her terrible
march, or rather crawling, fainting every
now and then, until at last she reached the
haven of security, Canoa ranch.
An eye witness to Mrs. Page's sufferings
says: A courier had arrived in Tucson,
requesting Dr. Hughes to proceed at once
to Canoa ranch, as Mrs. Page had found her
way to that place after having been out
days, subsisting on grass, roots, etc., and no
water on the route. I hastened to Canoa
ranch with Dr. Hughes, but he being on a
fine horse and I on a mule, he hurried on
alone. I made the best time I could with
my macho, however, and arrived at Canoa
only 40 minutes behind him. Thirty-five
miles in a little less than four hours is
pretty fair for a mule macho. There I saw
the poor woman. But what a sightl
She Was Also BrnUed With Rocks.
"Lance thrusts in both breasts and in.
numerous other places, bruises from rocks
thrown at her by the Indians, almost every
where covering her with blood, emaciated
beyond description, her hands and knees
and legs and arms a mass of raw flesh
almost exposing the bones, caused by crawl
ing over the cruel rocks, up hill and down
hill, for nine days, she being unable to
stand on her feet. Sixteen miles in nine
davs. You can imagine what she must havo
suffered. No water to quench the burning
thirst, no water for her gaping wounds.
"The doctor, though naving little or no
hope, stayed with her faithfully until recov
ery was assured. Her strong" constitution
and the tender care bestowed upon her by
Dr. Hughes and his family, who had hur
ried to her bedside, did wonders, and after
several months she was entirely cured.
Shortly before I left the Territory to join
the 'Cornfed Army' I met her in the Son
otio "Valley, at some ranch, and if I had not
known the lady I never would have recog
nized in the blooming woman before me the
horrible sight which met my eye on that
never-to-be forgotten-night." ,
SECOND OF THE SEASON.
Allegheny Valley Railroad.
TUESDAY, JULY 21.
To Toronto, Canada, and return, 58; Niagara-Falls
andreturn,S7: Lake Chautauqua
and return, S3. Tickets good 15 days, re
turning. Train leaves Union station at 8:20
A. si., consisting of Eastlaks coaches and
Pullman parlor buffet carr. d
SI OO Until September 1, '01 83 60.
12 cabinets for $1 00 and a life-size crayon
for S3 50 at Aufrecht & Co.'s Elite Gallery,
C16 Market street, Pittsburg. uws
Tour Picture ,Frce
And handsomely framed given away this
week by Hendricks & Co., popular photog
raphers, No. 68 Federal street, Allegheny,
with every dozen. Cabinets, $L Tuxhssu
The Hotel Vendome. Forty-first street
and Broadway, New York, under its present
management has won very rapidly the
reputation of a leading family hotel, while
for transient guests, its central location,
modern improvements and general arrang
ments make it a most desirable resort.
Distress
After Eating
Sick Headache
Indigestion
Biliousness
Dyspepsia
Heartburn, Nausea, etc.,
Are cured by
HOOD'S
Sarsaparilla
We make more porous
plasters than all other
makers in this country
combined, because the
publlo appreciate the mer
it that exists In our goods.
BENSON'S Is the only me
dicinal plaster for house
hold use, all others being
'' weak imitations. Get tha
Genuine.
Tt Crotch DM
Package makes 6 gallons.
Delicious, sparkling, and
appetizing. Sold cy all
dealers. .SCfiabeautlful
Pictnre Book and cards
sent to any one addressing
O.E.HIEES4 CO..
Philadelphia,
,2 Million Bottles filled in 1873.
IS Million Bottles tilled in 1890.
' Apollinaris
'THE QUEEN OF TABLE WATERS."
"More "wholesome than anv Aerated
Water which art can supply?
"Itwalids are recommended to drink
it." The Times, London.
SOLE EXPORTERS:
THE APOLLINARIS COMPANY, LD
LONDON, ENG.
NEW ADVERTISEMENTS.
REMNANT SALE
TO-DAY.
Remnants of Velvet, Body Brus
sels, Tapestry Brussels and Ingrain
Carpets at half price, and some at
less than half price. Also, a lot of
Oil Cloth, slightly damaged, at 15o
a yard, and 1,000 "Window Shades,
all the new colors, full length, with
best spring fixtures, 25c apiece.
Also, Lace Curtains, Curtain
Poles, all at special prices. Don't
miss this sale, as it is money to
you.
136 FEDERAL STREET,
ALLEGHENY,
Je29-MWT
STEAMERS AND EXCURSIONS;
ANCHOR LINE.
Steamors Leave New York Every Saturday
For Glasgow via Londonderry.
Bate for Saloon Passage
By 8. g. CITY OF ROME. MO and upward,
according to accommodation and location of room.
Other Steamers of the Line 50 and upward.
Second Cabin 30. Steerage f 19.
Passengers booked at through rates to or from
any city in Great Britain or on the Continent.
Drafts on London Sold at Lowest rates.
Book of Information, tours and sailing lists fur
nished on application to Agents.
HENDERSON BROTHERS, 7 Bowling Green, N.
J., or J. MCCORMICK, 639 and 401 Smlthfleld gt.;
. D. SCORER A SON, 415 Smtthaeld St.. Pitts
burg; 7. M. SEMPLE, 110 Federal St., Allegheny.
ap28-ll-Mwr
CUNARD LINE NEW YORK AND LIV
ERPOOL, VIA QUEEN8TOWN From
Pier No. 40, North riven Fast express mail
service. Umbria, Saturdav, July 25, 8 A. x.;
Servla. Saturday, Antrum; 1, 2 r. St.; Etruria,
22, 7 A. M.t Sorvia. Saturday, August 29, 1:30
a. si.; Bothnia, Wednesday, September 2,
3 p. M. Cabin passage $60 and upward;
wlll not carry steerage; according to loca
tion; intermediate, $35. Steerage tickets to
and from all parts of Europe at very low
rates. For freight and passage apply to tho
company's oflloe. 4 Bowling Green, Now
York. Vernon H. Brown & Co. J. J. Mc
CORMICK, 639 and 401 Smitanelu street,
PlttBbnrg. Jy20-p
-TTriHTE STAR LINE
y y For Queenstown and Liven
ool.
Royal and United States Mail
sti
teamors.
Germanic, July 22, 0am
Teutonic. Julrffl. lS:30nm
Germanic, Aug. 10, 4 pm
Teutonic, Aug. 25,11am
Britannic, Ang. 5, 6am
Majestic Aug. 12, 10 am
unwnmc, oepi. z, 4pm
iuajesiic, oepi.u, y:suam
From White 8tar dock, foot of West Tenth
street.
Second cabin on these Btcamcrs, saloon
Tates, $G0 and upward. Second cabin, $40 and
45. Excursion tlokets on favorable terms.
Steorage, from or to old oountry, $20.
White Star drafts payable on demand in
all the prinolpal banks throughout Great
Britain. Apply to JOHN J. McCORMICK,
39 and 401 Smlthfleld St., Pittsburg, or J.
BRUCE ISMAY, General Agent, 29 Broad
way, New York. JylO-D
.a-LIj-in" XiIhstk,
ROYAL MAIL STEAJISOIVS,
Glasgow'to Philadelphia.
VIA DERRY and OALWAY. The most direct route
from Scotland add North and Middle of Ireland.
ACCOMMODATIONS UNSURPASSED.
Intermediate, $30. Steerage, (13,
STATE J
SERVICE OF
NE. I STEAMSHIPS.
NEW YORK AND GLASGOW.
via Londonderrv. ererv Fortnight.
3d July. STATE OF GEORGIA. 10 A. M.
6th Aug.,
Jjrn auk
,ng.. STATE OF NEBRASKA. t A. M.
, TjSS and upwards. Return, $55 and up
CABIN,
Apply to J. J. McCORMICK. 639 Smlthfleld street.
wards, bieeraee. u.
iriiuti
Jburg.
Jel2-D
to
SUN
DOUGLAS & MACKIE.
WEDNESDAY, JULY 22,
WILL BE OUR
REMNANT DAY!
:D02sTT imiiss it.
Come early. Sale commences 7:30 a. m., sharp. The culmination of
our enormous summer business! The largest and most successful in our
history! Thousands of Remnants, Odds and Ends, etc., that must be
closed regardless of cost or value! THE LEVER WE WILL USE will be
the following remarkable prices, only a sample of what we will do
IN ALL DEPARTMENTS:
Remnants of Challies, ljc a yard.
Remnants of Dress Ginghams,4'c a yard.
Remnants of Fine Salines, 4Jc a yard.
Remnants of "White Barred Lawns, 5c a
yard.
Remnants of Cream Table Linen, 12c a
yard.
Remnants of Linen Crashes, 00 a yard.
Boiled Linen Damask Towels.open work,
39c a pair.
Soiled Linen Handkerchiefs, lc each.
Ladies' Gauze Vests,fancy colors, 5c each.
Single pairs Lace Curtains, slightly soiled, 25c a pair upward.
Single pairs Portieres, slightly soiled, 1 45 a pair upward.
DOUGLAS& MACKIE,
151, 153 AND 155 FEDERAL ST., ALLEGHENY.
AN UNPARALLELED OFFER.
Take advantage this week
Household Goods.
BARGAINS IN BEFBIGBBATOB3 1
BARGAINS IN BABY COACHES I
BARGAINS IN FTJRNItURBI
BARGAINS IN CARPETS I
And the largest and finest .stock
CASH
KEECH'S,
OR
CREDIT.
923, 925 AND 9 2 7' PENN AVE.:
Open Saturdays till NrV. ji.
OIL WELL SUPPLIES.
mm k
FORGE AND MACHINE SHOP
AND MANUFACTURERS OF
Oil and Artesian Well Drilling
and Fishing Tools,
Corns Twantyflrit StrMt sad A. V. R. Jl
Telephone No. 1221
PECTSBURG, PA
tal-S-D
MAX ENGINES
-ANIH
33 best Oil Well Machinery In the
world. All sizes of Engines and Boilers.
Also all sizes Stationary Engines and Boll
era, Write for prices.
Offices In Pittsburg. 'Washington and Bub
ler. Always -write or telegraph o Corrj
Office.
JAMES M. LAMBING,
BOLE AGENT, CORRY, PA
Pittsburg office telephone No. 296.
mhS-B
STANDARD OIL CO.,
PITTSBURG, P.A.
BRANCH OFFICES:
Standard Oil Co., Wheeling, W. Va,
Standard Oil Co., Cumberland, Md.,
Standard Oil Co., Altoona, Pa.,
Capital City Oil Co., Harrisburg, Pa.
We manufacture for home trade the finest
grades of lubricating and illuminating oils.
Our facilities are such that our statement
that we furnish alt oils standard for quality
everywhere cannot be disputed.
OUR REFINED OIL LISTj
Water Whita, ICO.
Prime White, 150.
Standard White, 110.
Ohio Legal Test.
Ohio Water White Legal TMfc
Carnadine (red), 150 Test
Ollte, 150 Test.
OUR NAPTHA LIST:
Deodorized Naptha for varnish makers,
painters and printers.
Gas Napthas for gas companies.
Deodorized Stove Fluid lor vapor stove
burners.
Fluid, 74 gravity, for street lamps, burn
ers and torches.
Gasoline, 86, 88 and 90 gravity for gas ma
chines. OUR LUBRICATING OIL LIST
Includes the finest brands of
Cylinder, Engine, and Machinery Oils.
Spindle, Dynamo, SOO Mineral Seal,
Neutral Oils, Miners' Oils, Wool Stocks.
Parafflne Oil. Parafflne Wax.
Summer and Cold Test Black Oils.
Signal and Car Oils.
Mica Axle Grease, Railroad and Mill
Grease and Arctic Cup Grease.
Where it is more convenient, you may
order from our Branch Offices, from which
points deliveries will be made.
STANDARD OIL COMPANY,
for. Duquesne Way and Eighth Street,
aurU-s PITTSBURG. PA,
WHAT AN ERIE, PA., MAN SAYS:
Dr. 0. Phelps Brown's
HERBAL
"Your Herbal Oint-
mont Is an extraor
dinary remedy. I
havo used SO pots In
our shop for the ter
rible burns made by
molten Iron. Its ef
fects aro wonderful.
The burns never fes
ter and heal without
pain. For catarrh
and deep sores it 1b
without a peer." J.J.
BA8SETT,135W.llth at
Erle,Pa.,June 2J.1S91
OINTMENT.
Unbroken Record of
Forty Years
Success.
JyWa-arrh
ZE'.A.TIlIiJSnTS-
O. D. LEVIS, Solicitor of Patents,
131 Fifth av above Smlthfleld, next Leader
office. No delay. Established 20 years. se2
Remnants all kinds "Woolen Dress Goods,
less than half price, ranging from 5c a
yard up.
Remnants Colored Surah Silk, 25c a yard.
Remnants India Silk, 38c a yard.
Remnants 45-inch Cream Laces, slightly
soiled,' 39c
Ladies' Black Emb'd Cashmere Capes,
98c eaoh.
Ladies' Jackets, odd sizes, 1 each.
Ladies' Jersey Suits, 51 98 each.
Ladies' Fine Jerseys, odd sizes, 48c each.
iyg)
M
BOMBS
of Keech's Midsummer Clearance Sale of
in the State to select from at
CASH
OR
CREDIT,
NEAR NINTH STREET.
Jy20.rw
BATLROADS.
PENNSYLVANIA RAILROAD.
SCHEDULE IN EFFECT 12:01 P. M., JULY 19TH, 1801.
Trains wiU 'leave Union Station. Pittsburg,
as follows (Eastern Standard Time):
MAIN LINE EASTWARD.
New York and Chicago Limited of Pullman
Vestibule Cars dally at 7:15 a. m., arriving at Har
risburg at 1:55 p. m.. Philadelphia 4:45 p. in.. New
York 7:00 p. m., Baltimore 4:40 p. m., Washington
5:5.i p. m.
Keystone Express dally at 1:20 a. m.. arriving at
Harrisburg 8:25 a. tn., Philadelphia 11:25 a.m. .New
York 2:00 p. m.
Atlantic Express dallv at 2:20 a. m.. arriving at
narrisburg 9:20 a. m., PhlladelphIa,12:lSp. m..
New York 2:30 p. m., Baltimore 12:00 p. m Wash
ington 1:03 p. m.
Harrisburg Accommodation dally (except Ban
dar) 5:25 a. m., arriving at Harrisburg 2:50 p. m.
Day Express dally at 8:00 a. in., arriving at Har
risburg 3:20 p. m.. Philadelphia 6:50 p. m.. New
York 11:35 p, m., Baltimore 6:43 p. m., Washington
8:15 p. m.
Mall Express dally at 12:50 p. m., arriving at Har
risburg 10:00 p. m connecting at Harrisburg with
PhlladelphiaExpress.
Philadelphia Express dallv at 4:30 p.m., arriving
at Harrisburg 1:00 a. m., Philadelphia 4:25 a. in.,
and New York 7:10 a. ra.
Eastern Express at 7:15 p. m. dally, arriving at
Harrisburg 2:25 a. m.. Baltimore 6:20 a. m., Wash
ington 7:30 a. m., Philadelphia 5:25 a. m. and New
York 8:00 a. m.
Fast Line dally, at 8:10 D. m' arriving at Harris
burg 3:30 a. in.. Philadelphia 6:50 a. m.. New York
0:30a. m., Baltimore 6:20 a. In.. Washington 7:30 a.
m.
All through trains connect at Jersev City with
boats of "Brooklyn Annex," for Brooklyn, N. Y.,
avoiding double lerrlage and Journey through New
York City.
Cresson and Ebensbnrg Special 2:45 p.'m., Satur
days only.
Johnstown Accoro., except Sunday, S:40 p.m.
Greensburg Accom., 11:15 p. m., week davs: 10:30
p.m. Sundays. Ureensburg Express, 6:10 p. m.,
except Sunday. Derry Express, 11:00 a. m., except
Sunday.
Wall Aceom: 6:00, 7:30, 9:00. 10:30 a. m., 12:15,
2:00, 3:20, 4:53, 5:40, 6:25, 7:VJ, 90p. m., 12:10 a.m.
(except Monday). Sunday, 10:30 a. m,, 12:25, 2:30,
5:30. 7:20 and 9:40 p. in.
WilUnsburg Accom. 6:10, 6:40. 7:20 a. m., 12:01,
4:00. 4:33,5:20, 5:30,5:50. 6:10, 10:10 and 11:40 p. m.
Sunday. 1:30 and 9:15 p. m.
Braddock Accom.. a:50. 6:.V. 7:45. 8:10. 9:50, 11:15
a. m 12:30. 1:25, 2:50. 4:10, 6:00. 6:33. 7:20, 8:25, 9:00
and 10:45 p, m., week days. Sunday, 5:35 a. m.
SOUTH-WEST PENN RAILWAY.
For Unlontown 5:30 and 8:35 a.m., 1:45 and 4:23
p. m. week days.
MONONGAHELA DIVISION.
On and after May 23tb, 1891.
For Monongahela City. Wet Brownsville, and
Unlontown 10:40 a. m. For Monongahela City,
and West Brownsville 7i33 and 10:40 a. m and 4:50
p. m. On Sunday, 6:53 a. m, and 1:01 p. m.
For Monongahela City only. 1:01 and 5:50 p.m.
week days. Dravosburg Accom., 6:00 a. m. and
3:20 p. m. week days. West Elizabeth Accom. 9:33
a. m., 4:15. 6:30 and 1:35 p. m. Snnday, 9:40 p. m.
WEST PENNSYLVANIA DIVISION.
On and after May 25, 1891.
From FEDERAL STREET STATION, Allegheny
City:
ForSprlngdale, week days. 8:20, 8:25, 8:50, 10:40.
HUM a. m., 2:25, 4:19, 5:00, 6:05, 6:20, 8:10, 10:30 and
11 :40 p. m. Sundays, 12:35 and 9:30 p. m.
For Butler, week days, 6:55, 8:50, 10:40 a. m., 3:15
and 6:05 p. m.
For Freeport, week days, 6:55, 8:50, 10:40, a. m.,
3:15. 4:19. 5:00, 8:10, 10:30 and 11:40 p. m. Sun
days , 12:33 and 9:30 p. ra.
For Apollo, week days, 10:40 a. m.. and 5:00 a. m.
For Blalrsvllle, week dare, 6:55 a.m., 3:15 and
10:80 p. m.
will call for and check baggage from hotels and
residences. Time cards and full information can
Joafxae ,xceisior .DawfaKTU .express company
set
be obtained at the ticket offices No. 110 Fifth ave
nue, corner Fourth avenue and Try street and
Union Station.
CHAS. E. PUGIV J. R. WOOD,
General Manager. Gen'l. l'ass'r. Agent.
From Pittsburgh Union Station.
ennsylvania Unss.
Trains Ron by Central Time.
Southwest System-Pnn-Handle Rente
Depart for Columbus, Cincinnati, Indiaupohs, St.
Louts, points intermediate and beyond: 1.15 a.su
1J0Q a.m., '3.45 p.m., '11.15 p.m. Arrive from stun
points: 2.10 a.m., "6.00 a.m., 5.55 p.m.
Depart for Columbus, Chicago, points intcrmediato
and beyond: 1.15a.m., fl2.C6 p.m. Arrive from
same points: 2.10 a.m., 3.05 p.m.
Northwest System Fort Way Be Route
Depart for Chicago, points intermediate and beyond:
35a.m "7.10 a.m., 12.20 p.m., 1.00 p.m 111.30
p.m. Arrive from same points : 12.05 a.m., 12,40
a.m..65a-m.,600p.m.t 6 60p.m.
The Philadelphia and New York Limited
departs for Chicago 8.45-p.m. Arrives from Chicagi
,6.00 a.m.
Depart for Toledo, points intermediate and beyond:
7.10 a.m.,12a3 p.m., JX) p.m., 111.20 pjn. A nrive
from same points: fl2.40a.m.,6.35ajn. 0.00p.m.,
60 p.m.
Depart for Cleveland, points intermediate and
beyond: foUO a.m., 740 a.m., 12.45 pja,
11.05 p.m. Arrive from same points: 550a.m.f
f2J5 p.m., 6.00 p.m., t7.00 p.m.
Pullman Sleeping Cars and Pullman Dining
Cars run through. East and West, on principal trains
of both Systems.
Time Tables of Through and Local Accommoda
tion Trains of either system, not mentioned above, cma
be obtained at 110 Filth Avenue and Union Station,
Pittsburgh.'and at principal ticket offices of the Penn
sylvania Lines West of Pittsburgh.
Dailj. tEx. Sunday. JEx. Saturday. IKx. Monday.
JOSEPH WOOD, E. A. FORD,
Geatru Vusgnr, Geiuril luaagtr IfOt
PrrrsBUBGn, Pknn'a.
BALTmOHi: AND OHIO EAILBOAD.
Sche diileln effect May 10 1891. Eastern time.
... V. IF AAlllliKlUU, M, V,.
Baltimore, Philadelphia,
and New York, '8:15 a. m.
and9;a)p. m.
For Cumberland, 8:15 a.
mj, tl:10, "9:20 p.m.
For Connellsvllle, :J,
8:15 a.m., 11:10, M:1S and
9:30 p.m.
. For Unlontown, $6:40,
8:l5a. m., l:land4:Up.
m.
For Connellsvllle and
Unlontown, 8-35 a. m., Sunday only.
For Jit. Pleasant, M:J a. m. and tS:15 a. m. and
tl:10and f4:15 p. m.
For Washington. Pa., 7:20, 53:30, $9:30 a. m.,
40, :30, and "7:43 p. m.
For Wheeling, $7:20, $3:30, $9:30 a. m., '4:00, T:4J
p. m.
For.Cinclnnatl and St. Louis, 7:20 a. m. 7:45 p.
m.
For Columbus. 7:20 a. m, 7:45 p. m.
For Newark, 7:20 a. m., "7:45p. m. I
r For Chicago, TiM a. m. and T U5 p. m.
Trains arrive from New York, Philadelphia,
Baltimore and Washington. '6:20 a. m., 7a5 p.
m. From Columbus, Cincinnati and Chicago, '8:25
a. m., 'Sj50 p. m. From Wheeling, '3:25, 10:45 a.
m., $4:40, '8:W, 59:35 p. m.
Dally. JDally except Sunday. SSunday only.
ISaturday onlv. TDally except Saturday.
Parlor and sleeping cars to Baltimore, Washing
ton, Cincinnati and Chicago.
The Pittsburg Transfer Company will call for
and check baggage from hotels and residences upon
orders left at B. & O. ticket office, corner Fifth
avenue and Wood street, or 401 and 639 Smlthttela
street.
J. T. ODELL. CHAS. O. SCULL,
General Manager. (in. Pass. Agent.
PITTSBURG AND LAKE ERIE BAILBOAD
COMP ANT Schedule In effect June 14. 1891,
central time P, L. E. R. K. Depart For
Cleveland, 4:30, '8:00 a. m.. Mao. 4:20, 9: p. m.
For Cincinnati, Chicago and St. Louis, 4:30 a. m.,
1:50, "9:45 p. m. For Buffalo, 8:00a. m., 4:20, 9:4.j
p. m. For Salamanca, "3:00 a. m., 1:50, 9:45p.m.
For Youngstown and New Castle. 4:30, OO. 9:54
a. ra., 'livS, '4:20, 9:45 p. m. For Beaver Falls,
4:30,7:00, 6:00, 9:55 a. m 'll50. 3:30, '4:20, 5:20,
9:45p.m. For Chartlers, 4:30, !5:30, 5:33, t:55.
7:00, 7:35, "7:50, 18:00, 8:45. 9:10, 9:55 a. m., 12:10,
512:45,1:30,1:55.3:30. 4:25, Yi:30. -1:33, 5:20, S:J0.
16:25, 8:00. J9:45, 10:30 p. m.
Abiuve From Cleveland, 6:40 a. m., '12:30.
5:40, 70 p. m. From Cincinnati, Chicago and
St. Louis. B:40a. m., '12:30, 7:50 p. ra. From
Buffalo, '6:40 a.m., 12:30. 10:ft p.m. From Sala
manca, 10:00 a. m 7:50 p. m. From Youngs
town and New Castle, 6.40, 10:00 a. ra., '12:30,
5:40. 7:5C, 10:05 p. m. From Beaier Falls. 5;20,
8:40, 7:20, 10:00a. m., 12:30, 1:20, 5:40, "7:60, 10:05
p. m.
P., C. & Y. trains for Mansfield. 7:35 a. m., 12fl0
4:35p.m. ForEsplenand Beechmont. 7:35 a.m.,
P.?;. AY. traln3 from Mansfield, 7:06, 11:59 a.
xn., 4:25 p. m. From Beechmont. 7:05. 11:39 a. m.
P.. McK. it Y, K. B. Depart-For New Haven.
T8:20, 10:10 a. m., '3:00 p. m. For West Newton,
18:20. 10:10 a. m 3:00. 5:25 p. m.
.abhive DTom new iiaven. -a:w , m.. -him
m rVntn Vot Vw.nn H.1S l?m a. TT1.- 5;21
V ". .w -- .iU ., -.-- -
5:20
For McKeesport, Elizabeth, Monongahela City
id Belle Vernon. 8i45, 11:05 a.m., '4:00 p.m.
from Bcllo Vernon, Monongahela City, ElliabetU
'
and
HVnm Hello Vernon- M nnnmr.ihp.la Cltv.
Hid McKeesport, 16:20, 7:40 a. m., 1:20, 4.06 p. m.
Dally. Ibunuays only.
City ticket office, 639 Smlthfield street.
ALLEGHENY VALLEY RAILROAD
Trains leave Union station (Eastern Standard
time): East Brady Ac., 6:55 a.m ! MagaraEx..
dally. 8:20 a. in. (arriving at Buffalo at 5:45 p. m.):
KlttanningAc. 9:05 a. m.; Valley Camp Ac. 10:15
a. in.: Valley Camp Ac, 12:05 p. m. : Oil City and
DnBoIs Express, 1:30 p. m. ; Valley Camo Ac. 2:23
. m.; Klttannlng Ac, 3:55 p. m.; Braeburn Ex..
4:55 p. m.; Kittaunlng Ac, 5:30 p.m.; Braeburn
Ac. 6:15 p. in.; Ilulton Ac, 8:00 p. m. : Buffalo
Ex., daily, 8:45 p. m. (arriving at Buffalo 7:20 a.
m.): Ilulton Ac, 9:50 p. m.; Valley Camp Ac.,
Il:it0p. m Church trains Emlenton, 0:05 a.m.:
Klttannlng. 12:40 p. m.; Braeburn, 9:50 p.m.;
Pullman Parlor Cars on day trains and Sleeping
Cars on night trains between Pittsburg, take
Chautauqua and Buffalo. .IAS. P. ANDERSON,
G. T. Agt.: DAVID McCARUO. Gen. aupt.
PITTSBURG AND CASTLE SHANNON R. R.
Summer Tune Table. On and after June 7,
Jirtl. until lurthcr notice, trains will run as fol
lows on every !av, except Sunday, tasiern
standard time: Leaving Pittsburg 6:25 a in, 7:1j a
m. 8:00 am, 9;35 a ra, ll:.nm, 1:45 pm. 3:iipm,
5:10 p m, 5:55 pm. U;30pin, 9,80 p in, 11:10 pm.
Arlington 6:40 am, 6;2oa m,710a in.o:0Oam,
10:25am, 1:00pm. 2:40pm, 4:20 pm, 5;00pm. o:50
pin, 7:15 pin, 10;J0 pm. Sunday trains, leaving
Pittsburg 10:00 am, 12:55 p m, 2;35pm, 5;10pm,
8:30 p m. Arlington 9:10 a m. 12:10 p m. 1:S0 p m,
4:20 pm, 6:30pm. O. A. ROGERS. Supt.
T)ITTSBURG. AND WESTgRN RAILWAY-
Tralns (Ct'lStand'd time).
Leave. 1 Arrive
Matt. Butler. Clalron, Kano.... K-M a m 11:20 a m
Akron, Toledo and Greenville,. 7:30 a m, 7:30 p m
Butler Accommodation 9:00 am' 3:35 pm
Greenville, New Castle, Clarion 1:40 pm 9:15 am
Chicago Express (dally) ,12:15 pm 12:10 p m
Zellenople and Dntlcr 4:25 pm 5:30 a m
I'lrst class lre to f.'hitiffn. 10 Till.
Arcoiumouauon.i ' 5:30 p m 7:20 a m
(9 50. i'ulluiau bullet sleeping car lu Chliagudall
second cims.
NEW ADVERTISEMENTS.
KAUFMAN NS"
SECOND FREE DISTRIBUTION OF MERCHANDISE.
Jy A
The fame of our first free distribution of merchandise last January 13
still green in the memory of the people of Pittsburg and Allegheny.
Its magnitude and liberality, fairness and simplicity attracted--youngand
old, rich and poor. Our records show that during its run of two weeks
1,392 people, whose names and residences were duly published, re
ceived their purchases, ranging from a collar to the most expensive suit
or cloak, and aggregating in value 10,046 39, free of any charge
whatever.
Now, remember, the second free distribution will
positively commence to-day.
Every time your watch
goes five minutes some
purchaser gets his her J
goods-free of charge, and,
in order to insure a per
fectly fair and impartial
distribution, we will again
employ the following sys
tem. FIRST The hours of distribution will be from 9 o'clock
in 'the morning until 6 o'clock in the evening each day, and
until 10 o'clock on Saturday.
SECOND The first purchase will be given away at 9:05
o'clock; the second at 9:16; the third at 9:15; the fourth at
9:20, etc, etc, one after each lapse of five minutes, until
closing time.
THIRD Thus, twelve people will receive their purchases
free every hour, or 108 people every day, excepting Satur
day, when 156 people will get their goods for nothing.
FOURTH Every department, and all kinds of goods we
keep, are included in this free distribution, and the finest
Man's Suit or Lady's Wrap will be given away as readily
and cheerfully as a 10c article.
FIFTJtf Whatever amount of money happens first to be
received by the Cashier, after every 5 minutes' lapse, will
be handed back to the customer who paid it, no matter
whether it be 50c or $50.
SIXTH The actions of the Cashier, Mr. Baum, are
OPEN AND ABOVE BOARD, he, as well as the clock,
indicating the lapse of every five minutes, being constandy
in full view of the people.
SEVENTH On each day we shall publish the names and
residences of the customers who received their goods gratis
on the preceding day.
EIGHTH Employes of the house, also wholesale buyers,
are barred from participating in this free distribution of
merchandise.
KAUFM ANNS'
Fifth Ave. and Smithfield St
in at 9