, 1890-02-13
MONEY Is EASIER.
The Bankers of Spokane ALI
Have About the Same
Ideas.
The Spring Days and Renewal
of Building Operations Loosen
the Market.

Many times during the winter
now drawing to close has the re
mark Money is tight In Spokane
Falls been heard. n REVIEW re-
porter who visited several of the
banks of the city Monday secured
the following opinions ofbankers on
the subject:
Mr.. Warren Hus-ey, cashier of the
Spokane National bank, said:
"Aiuuey has not been much
tighter than il ordinarily Is during
the winter. There has been plenty
ofmoncy all winter long, but the
long spell of cold weather has had n
depressing influence on collections.
Merchants have felt this more seri-
UUsly than almost anyone else.
Now, however, that spring has
Opencd up, we will have plenty OF
money, no fear of that. Dur
Ing the cold weather the mines
h we shut down, and building opera
tiOnS have ceased, and the great in
flow Of cash Ivy the day and the
week through the laboring classes
almost ceased. In another month
there will be fully 1000 more men
working on the buildings; that will
mean from $1,000 To 1000 day
turned over to class of men who
must necessarily start IL into circu-
htiuu, We can not fail to have
good timos and plenty of money this
t,,nVl~.N l.uu boon.
near 50 tight rs Portland and san
Francisco
Mr.. Theodore Reed, ofthe Browne
National bank, said: "Thcro can be
no doubt but that money is easing
up. That il it Is not so tight as It
was two weeks ago. For the sixty
days preceding the first Of
February money was very tight.
I attribute the change for the better
To the opening up of spring, and the
warm, sunshiuy days, we nre hav-
ing. never saw such fair wealth.
cr city, During the cold, had days
OF winter but llttic business can be
dpnc-Nll branches Of trade are dull.
ln another month money will he
plenty
MIR. II. l.. Richardson, assistant
cashier of the fradcrs' National,
said: money Is always tight at
this time Of year. 1t is no more SO,
however, than usual, Next month,
when the buildings are under full
heudway, money will be much
easier. From present indications
we can not fail to have II good year"
Mr.. II. l.. Cutler, cashier of the
First National, said: "The money
market Is close, 1t always Is at this
time Of year, and will he until after
the LIST OF next month, aiter the
taxes are paid. The situation
Is just us it has been every year
that have been in the city, with
the exception of last year, which
was II most unusual one. If you
viii remember there was little or no
winter weather. The market In the
East has been much tighter during
the winter than II has here, how
ever. There has been plenty of
money for legitimate business pur-
poses, but not for speculative pur-
poses. The past winter would have
been an easy one In the money
market but for the fact that
there has been so much
building material, and that has
required cash payments to Eastern
firms. The history of the money
market repeats itself like all other
history. In n few weeks money will
become less stringent, and by June
and July 1t will! become very plenti-
iul. The banks ARE merely protect
ing themselves and their Gus
tOlners.'
Mr.. j. +. McIIwen, cashier of the
Citizens National, said.: "Money
has been particularly tight for the
las, sixty days. The money depos-
ltod last fall by the insurance com
pan!cs has been mostly drawn out to
pny Eastern bills for stocks of goods.
The merchants making rcnittances
have drawn oil the deposits at lcnst
- or 10 per cent. The banks had
lualicd freely on their dep plsits and
t!i> wilidgawal hus caused the
str.ctinc IN the market. i look for
q boom ycur, ana when the Eastern
mo" ,lagc money begins to come in,
~ the buildings grow toward com
pietion, mouoy will be very easy,
There IL sure to he large amount
OF Eastern money come to the city
this year, but | do not think II viii
start for from thirty To sixty days.
Mr.. b. II. Bennett, cashier of tho
Bank Of Spokane Falls, suid;
"Money X tight, but II is custer than
IL WAS ten days ago. What we want
II eastern money. The opening Of
spring and renewal of building OPP
ertt,ons have caused the change In
the market