The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-01-01

on Puget sound named after = freddy Old
chief Ii was managed By . caear-hca2es,
shrewd and far~Seeing young merchant
named Bailey tsafxert who had an idea that
the great natural advantages III the Place
promised SO make if > thriving center ct
trade. The stock was worth only 81. Go. poS-
sibly SO, 00o. but the parent house was soon
well-pseased sith the off-shoot 1t was net
long before che activity. enterprise and
good judgment OF the junior partner COM
menced 20 tell and the tail began 10 wag
the dog. The hig end OF the business was
at Seattle, growing SO fast thai the firm
looked forward Ia the time when they
orld he doing a million dollars worth Of
trade year. The history Of the house Is
intertwined with that OF Seattle. Unstint-
edly il gave back for improvements OF the
tewn, in subsidies 60 other industries. in
donations and subscriptions To every pro-
iecf, the profits it bad made when ii was
among the emily institutions that stood by
the much-tried bat ever hopeful commu-
nity.
It's name became known in every port,
every village OF the Northwest. extending
the reputation of Seattle with honor be
cause of the firms integrity in its dealings
and magnanimonS treatment of debtors
who often found il necessary to ask for
leniency. Ii led in every line OF general
merchandise until iSSs, when it was de-
cided TO limit the dealings OF the house 70
hardware and groceries, the trade having
become so extensive as TO call for con-
centration of effort
In that year Mr.. Gatxert. who had al
ways been liberal to faithful employees, de-
termined with his partners 70 make them
participators in the profits OF the business.
The firm was Incorporated with capital
of So. o00. A gentleman Of wide CONNER
cial experience, E. G. Neufelder, who had
built up fine connection at Victoria, was
invited to join the new establishment in
the most responsible executive position.
The corporation consists of Bailey Gafxert,
Louis, Sigismund and A. Schwabacher, 4.
G. Neufelder. A. #. Naher, J. s. Goldsmith
AMI !. AronSon, the last three named
being old aud valued employees Of the firm
--one of whom his heen fourteen years in
the service. The organization Of the new
firm remains now as then with Mr. Gatzert
as president, Mr.. Neufelder vice president
and Mr.. Aronson secretary and treasurer.
Notwithstanding the reduction of the
several lines OF business Schwabacher
Bros. sssll carry an enormous stock. which
cannos amount % much less than 500, 600.
Their trade extends to every nook of the
state OF Washington and 10 British Col
umhia. and forms very considerable part
of the entire Alaskan commerce The hope
OF The old partners has long since been
realized, and the firm has, there can be
little doubt. turned over during the past
year merchandise TO the astounding
amount of 3 O00.0o0. 1t has q rating. how
ever. far beyond its mere capital, and il
recognized all over the United States az
one Of the most reliable, prompt and
scrupulous firms engaged in business.
Mr.. Bailey Gatzert. as keen-sighted and
energetic as wWn the whole burden Of the
business fell upon his shoulders, is every
body's friend. Foremost i. all public
works, he can never be persuaded 10 &C
cept political preferment. his interest being
wrapped up in the Chamber of Commerce.
of which be has always been the president.