8 ';? . HIS FRIENDS FIRST. ' - .:... ... . Strange Coincidence ill Regard to the Fraudulent BanHtag Act. THE MAN WHO BACKED THE BILL TFas Terj Close to the Tiro Senators Pint rrosecnted Under It A THREAT PROCURED ITS PASSAGE v A - - ' . m - '- MWHl 1mK Jk- n.i.ir-A VliwK HV vHIIbE&. "It is a strange coincidence that two tflhs warmest friends of the author of' the act .providing for the prosecution of any banker, broker or officer of any trust or savings institution who receives money irom depositors knowing the institution to be insolvent, were the first persons con victed of It," remarked a gentleman the other day who was a member of the House irom Allegheny county in 1SS9. "I was peculiarly 'connected with lis passage, and know all about it," he con tinued. "I had introduced two banking bills in the interest of the Bank of Pitts bare. Under the then existing laws this institution would hare been compelled to go out of business. The bank's charte r vas about to expire and there was no pro vision in the constitution for renewing charters, of State banks. Ex-Chief Justice Agnew drew uptwo bills to cover the case and save the bank. Speaker Borer,, who mi afterward State Treasurer, placed my name on the Committee of Bants and Banking and I was made Chairman. The two banking bills had passed the House cud were presented to the Senate. "Two days afterward another bill came from the S:nate and was retnrned by my committee with a negative recommendation. Tnis was the bill I refer to. "Soon after the Senator wbo originated it demanded of me why it had been killed. I told him it was radically wrong. at a bank which might be nominally in solvent could be ruined by refuting money irom its depositors. There might be times when a bank might become a little shaky by meeting with large losses on paper, and this condilioo could be readily remedied by the cashier reporting the matter to the directors who wonld make it a personal matter to tide orer the diffiulty. A cashier, 1 continued, in my argument with the Sena tor, who would refuse to accept a depositor's monev would cause a run upon the bank ai.d ultimately its failure. He replied that it such was the case the cashier ought to take the money. He was advising the breaking of his own law. A cashier would hardly hare the heart to do this with the penitentiary staring him in the face. "But the Senator said he had considered the n-atter carefully and did not propose to be balked. He threatened to kill my two. bills in the Senate if .1 did not ricall the bill and have it approved. This worried Xne, a a great deal depended on the meas ure I had in hand, finally I did recall the bill and recommended it affirmatively to the House. It was then passed and signed by the Governor. "Tlie first man wbo was prosecuted un der it was Senator James R. HcFarlane, the warmest niend and associate of the or iginator of the act. The indictment still hangs' over his head and he is out West, vherehewent to escape trial. Rev. Dr. X)ill was the uext man prosecbted. but was acquitted. Mr. George "W. Delamater, a warm personal friend of the Senator who was responsible for the act, Has imprison ment staring him In the fact, Alter the Delamater failure I looked up the Senate record anil found that Senatcr Belamater had dodged both votes." j - An Enterprising Newspaper. The Petit Joernal, in Paris, according to the the lafestrepqri. 'lias reached the yeuorrn'ous circulation of 1,250,000. It is printed on wood pulp paper, the raw ma terialthe fir beine brought from Norway nnd Austria. The little journal consumes in a twelvemonth 120,000 fir trees, each having an estimated height of 66 feet, equal to the annual clearing of a forest having an urea of 25.000 acres. "Tie Bits" is the only Enclish journal which approaches the "Petit Journal" in sale. Ajter a night with the boys Your for a clear head Bromo-Seltzer. Oculist Prescriptions Hade at Shortest Notice. m Mil AfV Eve Correctly Fitted. J. DIAMOND, ffESte. Artificial eyes inserted. oeUTTsn VaImkE VJ& GUREC? rtfiQjnrtiLsri Gouts Lumbago Greenville. Onto, l Ocober 14, J892. ( McKmnio 4 fhessman M't's Co- 1'lits rranr, V-u Geutlemen: Allow me to speak a vortl of pra'se tnryour Ulieumncura. Iat November I became afflicted with --inflammatory vneumatism ami was troubled with ft during Ml of lust winter. I tried ever" cure that wn recommended, but ob inlncd no relief. Atler bavins been confined 1 o my fced I lcamo. perfectly lirlpless and fr nearly nlnr weeks I suffered severely. Flnnllva frlenilof mine wlio bad beard of ;urKlieumftcuraadviecl me to try ft. I twiit t you lor one bottle, a it could notat 1 1mt time bo hnil here, and when I beznn to inkn ic I Mt tno utoi results from Almost ilie flrt dose, ami in less thin Si hours I lind roller, nnd before' I bad taken the en tire bottlo I wn abln to take my situation a tain, which wa Jut about one week from tlie time I bemn uslmr Hlieunracura. and in order to make a sure cure I sent for tho Fpcnud bottle and have not felt tlie rheuma tism Kince. As a result, tjiree. or our drug prlstsare now jelling the medicine, and I lave been instrumental in selling a great many bottle.. I consider it the most Tnluablo medicine fver placed be'ote tlie public for the cure of llieuiimtlim. and anyone sufliirinx from it . fliuuld not hesitate one moment in trying it. Kespectfnllv vonw, FEANK POINTER. Price $3 03 per bottle. For tale by all drusrsi.tR. JlcKlNNIE CHESSMAN JI'F'G CO.. 616 l'enn Ave., rittsbunr. Pa. Send vonr name and ad'ires and we will wall free pamphlet of testimonials. ocISttssu THE GREATEST OF THE AGE. m ' &$' m OTHER, SkS OTHER Special lonoesxtomiil on the premise. CHESSMAN OPTICAL COMPANY, Federal a. E PITTSBURG THE BEEHIVE OF AMERICA. v4t& v- - 4mmm KAUFMANNS THE BEEHIVE OF PITTSBURG. What Pittsburg is to America industrially, Kaufmanns' is to Pittsburg commercially. The beehive of industry. The home of enterprise. The synonym of growth and greatness. The busiest house in the busiest city in the busiest country on the globe. That very ceaseless hum, activity, energy and progress, so characteristic of Pittsburg, pervades every inch of Kaufmanns great storie. Indeed. Kaufmanns advance is even more phenomenal than that of Pittsburg itself. . Since .Kaufmanns moved to their present location, in the year 1885, which previous to that timeJiadbeen a dead and dreary spot, occupied by a lot of old rookeries---the eyesore of Pittsburg their career has been one continuous chain of successes'. Every; year witnessed an increase of room and an increase of business, but it has remained for 1892 to cap the climax. .The latest and greatest achievement of Kaufmanns (an idea of which may be gained by the above illustration) is the chef d'oeuvre the crowning triujmh of Pittsburg commerce. When a few months ago it was learned that Kaufmanns had acquired the big six-story Power Hall Building on Diamofid street people wondered; but, when shortly afterwards this intelligence was seconded by the announcement that Kaufmanns had also secured a 25-yearslease of that old land mark, the First Methodist Protestant Church, on Fifth avenue, popular wonder gave way to general amazement Here was a mammoth site funning clear from Fifth avenue through to Diamond street, and back to Cherry alley. ' Can it be that Kaufmanns mean toadd this vast space 80x230 feet to their already gigantic building? But the time for conjecture has long since passed. The old familiar' church has disappeared, and in its place, a magnificent seven-story business block is now nearing completion as rap idly as men and money can make it. This, together with the adjoining Pbw'erHall Building, now in course of . remodeling, and the old store building, on Smithfield street, will compose one nfammoth mercantile institution by far-the largest in Pittsburg, and equaled in -the United. States by five establishments only. The above diagram, shows that these united buildings, when cdmpletedwill haveA floor space of nearly 250,000 square feet an area equal to five acres. Again, conjecture is rife. , What will -Kaufmanns do with all this space? Rumors of new departments are busily discussed, and (this is official) the rumors may will soonbe facts. But that is further on a matter of the near future. For the present an even more important subject con cerns us and you. Here it is: We have been badly disappointed by o.ur; contractor. ' In anticipation of an 'earlier completion of our new addition the contract calls for October 25 we bought an unusually large stock. The old, store, already encroached upon by the builders, is packed from basement to roof with fall and winter goods, the reserve stock rooms being".' literally chpjced., And yet additional shipments are arriving daily. We are in a dilemma. A great danger threatens us. - Unless we seek and find immediate relief, the Very aisles and entrances the whole store will be crowded and piled full of boxes, bales and bundles. This blockade would completely stop all business, but that is out of the question a financial impossibility. It can't be done. But here is what can be done ! must be done ! shall be jdone ! We will open the floodgates of reduced prices and let the goods stream out to the people, regardless of cost or value. We will sacrifice a fortune to save our business. Commencing to-morrow and continuing until permanent relief shall have been obtained,. We will sell the choicest fall and winter styles at any price they may bring. Nothing will be considered but the immediate clearance of our overcrowded floors, shelves and counters. It will be an unconditional. Forced Sale, at which the latest, choicest and freshest styles will be sold for less money than old or shopworn goods are usually sold at bankrupt or auction sales. It will pay "dealers as well as consumers to "come hundreds of miles to at tend this forced sacrifice sale. The best qualities of Men s and Boys' Clothing, the finest novelties of Ladies Misses' and Children's Cloaks, Wraps, Jackets and Suits; the most popular styles of Ladies' and Gentlemen's Hats and Furnishing Goods; the most reliable makes of Boots and Shoes, and all kinds- arid kinks of Art Pottery, , Chinaware, -Glassware, Housefurnishing Goods, etc., all, all are yours at your own price. Come! Buy them for present or future use, but ' take them away ! Come! Come at once! :: - :: :: ::,:: :: ;: .:: :: :: :: :: :: a K AU FM A NHS' FIFTHVENUE . ; HHyWWIH- SMITHFIELD M ' AET1F1CI2 . .iT V Bee Exhibit in 't A 3tn t 1 A &UuBBsK$&
Significant historical Pennsylvania newspapers