The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-07-14

from making many valuable improvements In
its properties in this section.
There il general agreement among the mer-
chants a. TO the injurious effect OF the strike on
their business. All those who have had deal
irgs with the mines report material failing OF
In the volume OF trade
Schwahacher Bros. & Co. state that their bust
ness with the mining towns has been greatly
affected and their trade has fallen of about
$4,000 month. z. c. Seufeider. manager OF
the Seattle house, said: "The falling on in
trade is due 70 the fact that the miners have ex-
hausted all of their means and are barely able
to procure the necessaries OF life, and - our
house furnishes large supplies 20 the mining
camp stores the loss OF trade is sorely felt'
The Gordon Hardware compsny's trade with
the mining localities has fallen of from 5000
10 IS 600 month BY reason OF the strike. George
B. Adair, manager Of the company. said: TRADE
with the mines is almost dead and the losses
occasioned by the strike are greater than the
public have any idea Of. Collections are inter
cannot paw, and. therefore. the business OF the
stores is directly affected
Fischer & Mcdonald estimate their loss In
trade with the mining district at 10 per cent on
account OF the strike James z. Mcdonald SAID :
1.-THE strike is a great detriment 70 the city ana
has stopped the circulation of a great deal OF
money"
Anut ~ NN. ktAt@ mat t1tr stEtAS Jus N~~~~
falling of In their trade OF about 5000 .
month. z Lobe said: ..0ur trade was not only
with the Oregon Improvement Company, but
with people who work ia the mines They Tor
uerly traded at the store when they had money,
but now they have no means and cannot DO any
trading.
A. Macculskey & Co estimate falling off in
trade with the miners, occasioned by the strike,
OF about p PER cent. A. MacCulskey said: "The
business il suffering seriously because of the
mining troubles, and the wholesale houses hav-
ing extensive dealings with the mines are feel
ing the loss"
The Queen City Candy Company estimates the
falling off In its trade with the mining stores at
fully 80 per cent The trade of the Black Dia-
mond store il estimated TO have fallen off $4,000
month. John NJ. Atkinson, one of the proprie.
tors, said: "Fully $4,000 a month represents
the decrease in trade at the Black Diamond
store alone, and the other mining stores are suf-
fering about much. The miners have no
money and cannot do any trading, but make out
with the simplest necessaries of life"
John Goodfellow, OF s Baxter & Co., states
that the trade OF his firm with the miners has
decreased fully GO per cent. during the last
two months, and said: "There has certainly
been great falling of in our sales. and it can
be safely attributed to the strike. The volume
OF purchases, both by the coal companies which
are directly concerned in the strike, and by
others who are indirectly affected by 1t, such as
storekeepers and teamsters, has fallen Off"
The bankers of the city expressed without
reserve strong opinions as to the disastrous
effect OF the strike upon the business of the city.
Jacob Furth, cashier of the Puget Sound Ma
tional. said; 1.-THE whole community suffers
from this strike, for one of King county's big
sources OF income is cut off when we cease to
ship coal Fewer vessels come into the harbor
The stopping OF wages means less business for
the merchants, falling off in the volume of
trade and OF profit. We are all losers
N. IL. Latimer, manager of Dexter Horton d
Co.'S bank, said: al suppose that of the amount
paid in wages by the Oregon Improvement Com
pany and the Seattle Coal and Iron Company,
between 100000 and si50,0o0 a month passed
through this city by means of the ordinary chan
nels OF trade-the merchants and Others from
whom the supplies of the miners are bought;
100000 month or $1,000 day for each business
day was put into circulation right here The
profit in this amount OF trade was very consid-
erabie, and of course became in part at least an
addition to the financial strength of the city
Well, the mines stopped working: wages
stopped; the coal trade stopped, and this money
stopped coming. The case is plain one and
needs no great elaboration to be understood
Abram Barker. vice president of the Mer-
chants National. said: "0f the amounts paid
the companies for coal, large share-at least
three-fourths, should judge-was put into cir
cuiatlon through one channel or another in
King county. Some OF the money, it may be,
went East in the form of dividends to stock
holders, little was sent away by the miners and
perhaps some Of the company supplies were pur-
chased in Portland; hut l believe tina. three
quarters of the total went through our stores and
banks. Very few Of the miners do bushes,
with the banks. and so the stopping of their
wages has not affected the banks directly, but
suppose nearly every merchant has felt in a
slight degree lessening OF trade"
John III. McGraw. president of the First Ma
honal bank, said; THE strike has undoubtedly
had an unfortunate effect upon the business of
the county and city. The coat companies and
the miners have lost the most, but indirectly
their loss has been distributed among us ali,
There has been less money in circulation, less
trade and less profit"