The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-02-26
SEATTLE SECURITIES.
How They are Regarded by the
Einsnciers as san Francisco.

HOW Zhey Are Regarded by tho
Einsneiers as san Francisco.
Attorney General j. u. Metcalfe
arrived back late on Saturday night
from two-weeks' stay in San
Francisco. and yesterday PosT-
lSrELLloEScER had brief reporter
talk with Mr. Metcalfe concerning his
trip:
THE principal source of gratifica
ton TO me during my trip was the
fact that Seattle stands so well in the
confidence of the merchants of San
Francisco. One of the leading
money lenders there told me that
Seattle securities stood A No. among
the tinanciers of Ssn Francisco.
There the fact is thoroughly under
stood that we have in almost bound
less profnsion three of the most
staple articles of commerce. to-wit;
Coal, iron and timber. Iron. as you
know, is one OF the most commonly
used metals there is. 1t is even
personally used by men, women and
children. Men use il as knives,
women in buttons, hairpins, etc, and
children In buckles, tips of shoes and
oS&<Ct HI kttAES~f Vi t4&Ar
and its other varied uses there is al
ways market for iron. told the
citizens of San Francisco with whom
/ conversed that in 4 very few years
We would he sending them steel
ingots TO be used in making war and
other vessels, and they too seemed 10
think If il as something likely TO
happen
Washington hops seem 10 meet
with great favor there, and bring
about the same price as those import
ed FROM Germany. Washington tim
Der. too, they say, is unsurpassed in
ali the attributes that go towards the
makeup OF good lumber.
in fact, the eyes of all seemed 10 be
turned towards the Northwest. They
also seemed impressed with the notion
that il by chance great financial
stringency should set in. that il would
not affect Us as it did Southern Cali
fornia, for the reason that We have so
many things that the world always
wishes 20 huy--coal, iron, and lumber
The sale OF these will prevent any
financial strlngency.
Money has not been easier in San
Francisco for lor.g time: as least,
was 50 informed BY credible parties.
The wholesale houses there are doing
an immense business.
did the admission OF Washington
Territory attract much attention IN
san Francisco ?"
Yes, sir; there was q great deal of
comment there, and ii was OF favor
able character, too. The idea was that
the adnifion OF two United States SEN
ators and representative in congress
20 the Pacific coast delegation in con-
gress. would give this coast more coz
sideration in Washington and the sec
ton generally viii stand better
chance for appropriations for such
works as the proposed
navy yard and other improvements
OF ike character. Among capital
lists the idea Was tia. as state there
would be more stability about the
laws, and this would decrease timidity
in making investments and loans
here. With state constitution, and
laws framed properly under il, this
stability would be assured and nloney
from abroad VIII 1ow into the terri
tory much more freely. Yes, indeed,
| was the recipient of good many
congratulations on the fact that Wash
ington would soon be numbered amid
the galaxy OF states and have her star
shining brightly among the others on
freedoms starry banner. | tel you
il is very gratifying TO any enc who
leaves Sc title 20 md also that our
com aaerSsial SUPREMACY Is recognized