The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-10-05
PRICES NOT HIGH.
Mr.. G. n. f. Griflth Talks Of
Seattle Property.
VALUES IN OTHER CITIES.
AAvaaaagss Fron Invssting II Washing-
tea aseuritiss-Mr. =. ". whits-
heads Rsturn to Seattle.

@. n. e. Griffith. president Of the Seattle
National bank. and general manager Of
the Western Farm Mortgage Trust Com
pany, Of Denver, il At the Rainier, having
come over from Montana, whore he has
been on Z business trip to Helena and
Butte. He yesterday attended meeting
of the directors OF the Seattle National
bank, ct which some arrangements were
made in regard to the new buil6ing now in
course Of erection. In conversation
with . Posr-lNrELLIGEEcxR reporter he
said:
"There IL great improvement in Seattle
since left here In April. Many buildings
have been completed and tho foundations
and one story Of our new bank building
have been erected. There are no better
streets in Denver than Front and Second
streets.
"a year or two ago the talk in Denver
was all Of Tacoma. and some people who
contemplated investing ont here asked me
The reason why favored Seattle. They
compared my reasons with those given by
advocates Of Tacoma and, ~ result, they
generally decided in favor Of Sc
attle. Property costs two and half
times as much in Salt Lake or
Denver 6 here; In Butte. which has about
20, 900 population and 10 an inland town, 1t
is fully as high. AID rent Is higher by one
third; in Helena. which claims 10000 peo-
pie and has $4,000 according to the census.
bought considerable property last sum-
mer, and found it fully g high q it il
here. have come to the conclusion that
values in Seattle are reasonable aud on .
sound basis.
1.-THE Western Farm Mortgage Trust
Company first began to work up invest
ments in Washington in 1883 People said
then, Why, that's away out in the terrific
RES But went ahead. sent out circu-
lars stating the advantages Of this North
west. and saw one of them copied in lead.
ing paper Of Boston. soon began selling
Washington securities and now have q
steady demand for them, thsstate offering
better opportunities for business than Mis-
souri, opened an Office ct town in Mis-
souri, to sell choice securities, but could not
get rates, and abolished it, We can get as
good securities in the Northwest as any
where in the country, and little better
rates"
Mr.. Griffith called attention to An item
In the Northwestern Financier. stating that
when the value of silver reaches 1.29 $40
the silver dollar viii be. at par with gold.
and there will be practically free coinage,
and remarked: This will happen In about
six month"; The reason why silver is
going down now is that 1t went up too fast.
We shall have to absorb the surplus siIver
in the market before it reaches par"
In addition to the enterprises mentioned,
Mr.. Griffith is president of the Fairhaven
National bank, the Port Townsend Ma
tional bank. the First National bank Of
Aberdeen, the First National bank Of An
acortss, which has not yet begun business,
and the National bank Of Pendleton, He
is also organizing bank In Portland. and
goes to that city tomorrow on his way
home. After his return to Denver he will
20 on to New York and Philadelphia ITO