The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-06
GOLD COMING BACK.
Over $4,000, 900 Now On the
Way TO America
the TOE EVIDENTLY TURNED.

way 10 America
THE TOE evlDENTly TUNED.
Views - Jsags Barrie. 1en. - ..
Graves go Others - - ais.a-
sasa. Lssaa - os.ss.A
sorsnAnrros. Aae. THE sGsaase
Eosmannia sails from this point tosnor.
roo for Nes York With $45oa.000 eold Soe
Amerscan hoasss.
Lospox. Aus. a-Tuo and . half mil
hons Of gold we're taken trcm the Bank Of
Engiand today for shipmens - tAs United
sfases.
BHnirx, Aus. 3-Tbs statement q ths
Imperial bank shows docreAoa Of & So
90 marks, large portion q vAtch bss
gone % America
The above press dispatehss and othsrs
showing other large shipments Of gold TO
America from Europe. Induced Posr-Ix-
rEIIfoKscn reporter 70 ask the opinions
Of few prominent businsss men - 70 the
outlook, and their visws are given below:
Hon. Thomas Burke: an my judy
ment the worst il past There never Was
apparent any good reason Tor the panic
which has spread from one end Of the
country to the other. Il vas . seusles =
AZ 80 ~ - = sh~~x>~ $3.50 --~--A
Lee cry Of fire. Consequently the basis
for speedy return, not only to normal.
bus 70 . very prosperous condition exists
q this very moment. At the very height
Of the panic Europe came forward and
bought enormous quantities Of our wheat.
-four and other products - we'll - Of our
stocks and bonds. and payment for them
il now being made in gold. There vas
afloat this week bound for America ST.
00O, 600 In gold and feel satisfied that
within the next few months We will re-
csivs much more gold from Europe to pay
for purchases Of producs. stocks and bonds.
Locally the conditions for rapid re-
covery are manifest on every hand. In
the first place. We viii have good crop
Of hops, which viii And . rsady market ct
good prices. while other crops In the
state are excellent The recovery in the
East will b immediately followed BY .
demand for our lumber and shingles at
good. profitable prices. Il b sn admitted
fact that Washington csdar shingles have
already displaced al other shingles
through the Middle West and portion
Of the East Furthsrmosa oil through
the Middle West and clear % to New
York. lumber merchants ars looking to
Puget sound for lumber and shingles. and
inside Of twelve months lumbsrmsn Of
Minnesota, Wisconsin, and Michigan will
invest millions Of dollars in Puget sound
timber.
"whils In Sc. Paul two weeks ago. I
found number Of capitalists organizing .
100000 syndicate, every dollar Of which
il to be invested in timber lands on Puget
sound. and heard one prominent capital
ist say that he would take any portion Of
the $5O00,0O0 that his associates would
allow him to, and that the greater the
share the better he would like IL.
Another very important element in The
speedy restoration Of good times will b.
tho opening up of trade between japan
and China and Seattle by means of the
Great Eastern steamship line in connec-
ton with the Great Northern Railway.
This means new and extensive markets
for our dour and other products and viii
add greatly 70 our commerce.
again. within the next i've or six
months the Great Northern railway will
have to spend large sums Of money In
completing it, lines along tho water front
and in preparing for the occupancy Of its
terminal grounds on Jackson street and
along Grant street. In view Of Ill these
things I feel certain that the era Of good
times 10 very near at hand"
Hon. E o. Graves, president Of the g.
attic Chamber Of Commerce: 1.-THE pres
emit condition il much more encouraging.
The return Of gold from Europe indicates
investment In American securities and
grain products. When the tide turns ~
will have an era Of great prosperity and
when capital comes out here for invest
ment 1t will SEX investment In the
commercial center beyond . question Of
doubt"
Crawford 4 Conover. dealers In high
grade Investments: There seems to be
every indication OF . speedy return Of very
general prosperity. and from the tone of
our Eastern correspondence when another
investment era sets in, Seattle will be .
prime favorits. Seattle has shown the
world that she Is built upon % sound
and firm . foundation - any city in
America.
Even now We have . very fair sale Of
property. We are selling . high-cla.s
residence tract known - Drexel Avenue
Heights on such very easy terms that IL 10