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THE INDEX, Saturday, April 7, 1928
F R O M T H E E D I T O R ' S W I N D O W
Before long the taxpayers of Allegheny County
may be called upon to decide whether rather extravagant
expenditure in public improvements will
be made. These include not only roads which under
the circumstances are unnecessary but
Stop bridges and tunnels which call for outlay
far beyond any demand that there may be
for them. The new Liberty bridge and tunnel has
been placed in operation and the effect of its traffic
should be closely watched. It has caused some con-
Published Every Saturday Bu
^^ of Pittsburgh Life
Vol. LVII. April 7, 1928 No. 14
Hills, for the present at least. If every demand for
a bridge and tunnel was met the Golden Triangle
would be so congested that business would suffer
and pedestrians would be compelled to incur unnecessary
and dangerous traffic risks.
expect he will, he will make some trouble in Pennsylvania
and in other industrial states but we do not
expect to see him in the White House, however
elegible, competent and acceptable he might be. In
the meantime business will mark time until the
nightmare is out of the way.
* • * #
THE INDEX PUBLISHING COMPANY
Hardu &• Hayes Bldg. 233 Oliver Ave.
Pittsburgh, Pa.
One of the conspicuous features of Pittsburgh is
the great Union Trust Company and the beautiful
structure it occupies. Never before in the history of
the world has a banking institution reached that
Established 1895 Telephone Atlantic 5323
height where the market value of its
CATHERINE M. PATTERSON, Editor
Conspicuous stock was one hundred times its par
value. That is the distinction of the
WILLIAM J. HATTON, Business Manager
Union Trust Company and it speaks volumes for its
sound policy, its great conservatism and the remark­
II a subscriber wishes paper discontinued at the expiraable financial skill of those who have guided its
lion ol subscription, notice to that effect should be sent. destinies. The remarkable feature of the whole
Ouierwise it is assumed that a continuance of the sub­ situation is that notwithstanding the outstanding
scription is desired.
price the amount of stock available has only been a
Subscription price $3.00 the near. Single copies ton few shares. This great attainment is the result of
cents. In sending notice of change of address, please hard work, consummate banking ability and above
send previous address as welL
all else real service to those who have entrusted
Entered as second-class matter at the Post Office of their affairs to this institution. It is an exceptional
Pittsburgh, Pa.
tribute to Pittsburgh. It shows what can be done
henry c. McEldowney
As we approach the national conflict when candidates
for President from the principal parties will
President of The Union Trust Company of Pittsburgh be selected the outcome is more in doubt than it was
and recognized as one of the greatest bankers in the some months ago. President Coolidge appears to
United States. It largely has been due to the remark­
have completely eliminated himself. If
able skill of his management that the stock of his Who? he should change his mind now he would
institution recently has sold for more than $10,000
be in much the same class that General
per share although the par value is $100. The Union Dewey was when he sought to cater to what he
Trust Company is favorably known in every financial thought was the popular will. Secretary of the
center and it is a question whether Pittsburgh appre­
Treasury A. W. Mellon, whom millions would like to
ciates fully the remarkable international reputation its
see in the White House, probably will receive the
principal banking institution has earned.
gestion at its city end but this was forecast and the
unanimous vote of his own state, a compliment
remedy must be forthcoming. The Allegheny County which the delegates should be proud to render, but
jail should be removed. It is an obsolete relic which no one considers the distinguished Pittsburgher a real
ARTHUR L. HUMPHREY
has interfered with the progress and development of contender for the honor. At that his very ardent
President of the Westinghouse Air Brake Company
the Hill District. Streets adjacent should be widened admirers in the South and various other parts of the and Union Switch and Signal Company, has been
to care for the flow of traffic to and from the bridge. country may surprise the wiseacres and give a vote elected a director of The Union Trust Company of
There should be no question of this but before we in the convention which will be surprising and sub­ Pittsburgh, one of the largest, strongest and most
hastily spend many more millions we should stop stantial. As to the Secretary of Commerce there is remarkable financial institutions in America. Mr.
until the new project has thoroughly demonstrated a growing impression that as President he would Humphrey was a railroad expert in the West before
its usefulness. If all of us had our own way we measure much as the recent Political Accident did he came to Pittsburgh and Speaker of the Colorado
would insist upon all general improvements paid for
in Pennsylvania. This is no time for accidents or House of Representatives. He has been a leader in
out of the general purse catering especially to'us.
Many bridges and tunnels are designed within a
intolerance at Washington. One of the most promis­ public movements, was president of the Pittsburgh
Chamber of Commerce and trustee of the University
mile of the new Liberty Bridge. They will cost ing, comfortable, popular and efficient prospects is
of Pittsburgh.
Allegheny County more than $40,000,000 if the tax­ former Governor Lowden, who has won his way in
with correct management. It reveals an unusual
payers are foolish enough to vote for the bond issues life's struggle and at the same time retained a com­ ability to co-operate in a large or small way with
which will authorize them. We do not believe voters mon sense view of the difficulties and problems of whatever industrial concern cares to cast its destinies
and property owners want rents and taxes higher those in agricultural and industrial circles who have with those of the Pittsburgh District. All of this
than they now are without any benefit to them. We not been so fortunate. We ban the inverted pipe has been accomplished in less than 40 years. If
feel sure, therefore, that the people of Allegheny without further comment. On the reverse side the there is any fear for the future of Pittsburgh we
County will allow the Liberty bridge and tunnel to battle appears more circumscribed. If the Governor should look into the record of the past. The funda­
stand as the exceptional improvement to the South of New York wins the nomination, which we do not mentals are all right. The only doubt is the way we
use them.