The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-11-13
THE PASSING THRONG.

George Rice, OF Albany, n. Y, Is stopping at
the Rainier. he IL q member OF q wealthy loan
and trust company of Albany and il making q
tour of inspection of tha Northwest coast with q
view to making investments in this region.
"Yes, am most favorably impressed with the
Puget sound country sad shall make f1atte-ing
report to our company. You have q magnificent
country, and it must 60 ahead to q grand devel.
opment There 10 no question but it must go
ahead. Yes, there 10 plenty OF money in the
East-dead loads of it, may say-and believe
lots Of il will find its way out here at no distant
day. was talking with . business man out
here few days ago and he said that the great
need of the whole country was more money
Now, that 10 Q great mistake. There il plenty Of
money, but lack of confidence, especially with
investments in the granger states. Kansas,
which extended the time for redemption Of
foreclosed mortgages to two years, is finding
hard work to renew them they fall due
Now, the favor OF capital cannot be won BY
such methods All IL wants is Its interest
ana security for the principal, and when
political charatans pass laws depriving
capital of the very conditions On which its favor
depends they work more injury to themselves
than to the capitalist For that reason / think
those who have money to invest will pass over
the Western states and come right out to the
Coast, where the field for Investment is not re.
stricted to merely farm landa Here you have
such q variety of resources that tho develop.
ment of each puts q premium upon the develop
ment of the othera There 10 one thing however,
which will do you no good. and that 10 these
wildcat boom schemes, which soon peter out
aud give black eye to the whole region No;
while / am q Republican, I do not think the
Democratic victory will at all hurt business. In
fact, now that the election il over, look for q
great revival Of business The only thing about
which there Is any cause for alarm Is the posi-.
bility that the Federal tax upon state bank notes
may be removed Such measure would soon
result in q financial panic. As soon as the
various states get to issuing money OF various
degrees of value, then will the country start on
the road to financial ruin. However, Cleve-
lands known position on the financial question
Is some guarantees that wisdom viii prevail in
this matter"
W. P. Morgan and r ". Westwater, Of San
Francisco, are stopping at the Grand. Mr.. Nor
gan is q wealthy capitalist of the Golden Gate,
being largely interested in the California Jew.
elry Company and also In the caskst manu-
featuring business. Speaking OF the late cam.
paigu in San Francisco, he said: at was 70
markabe battle. Each OF the regular parties
nominated splendid candidates, while the ciii-
4ens non-partsan movement, put up smother
excellent candidate, and yet the blatant dema-
gogue and blstherskite O'DOnnell came near De.
feating them all. II the legislature is Demo-
cratic, Stephen N. White will undoubtedly bs
chosen to succeed Senstor FELTON, White is .
clean man of high character and great ability,
and will make a splendid representative Of the
state in the senate"
Mrs Charles DENLY and son are guests of the
Rainier. Mrs.. DENLY 10 the wife OF the United
States minister TO China and she has Just come
from Picking She is on her way TO visit friends
st her old home In Indiana, and also 10 place
her son III school. she vii! remain in the city
several days visiting her son. g. F. Denoy, who
is a resideIt of this city Mr.. DENLY, the minis
ter, is the only one OF Clevelands appoinies st.l
holding an important official position, owing 10
the refusal of China To receive senator Blair,
who was appointed by President Harrison TO
succeed Minister DENLY.
Harrison Clothier. late candidate for state
treasurer on the Democratic ticket, IL stopping
over sunday at the Diller. "ies, the battle is
over" said he "We made q hard fght, but We
couldn't down McGraw. Il was dirty cam
paign, the dir,iest / ever saw. aud don't want
to Be in another such one. As for the senator
ship think the two legisla tors from SKagit are
Alien men, although, Of course. don't know.
surmise that they are for Allen from the fact
that ell known friends OF the senator were
working fox their election"
Rooms have been engaged at the Rainier for .
party OF Capitalists from New York mo VIII ar
rive Monday They comprise some of the con-
trolling spirits In the development! OF Everett,
and are George l. Cuiby, accompanied by Mrs.
Colby; Colgate Hoyt, H. eehenck, + C.
Bartlett Mr. Bar low and DR.. shelton They are
coming out to make The annual inspection VI
ths.r investments ia the North Invest