The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-06
THE PASSING THROxG.

i4Sx<Hs man 1iAclufery OF mi1iox m2c2s0oSy IA
the world. to guest OF the Northern Il don't
get o1s N fcis part OF the country very eites,
said he iass nixar. s'5us uhen ara sway often
think OF 10 becsuse It has peculiar fasci nat.oa
for me Its climate 10 defxh,ful. liz scenery
grand and its resources bouneess aud OF INFINITE
variety. This last fact comes home to me very
strongly in my own business. am not selling
acy mining machinery now 70 amount 20 any
thing. snd the populations OF the Rocky noun
tain states are feeling very blue over the low
price OF silver. buf when ! come over
into this county ! nnd here saaf you
hare osh=r stsings to your bow which you can
use 10 shoot fortune on the wing. You hare
some wonderful mines in this part OF the coun-
Try, ou: you have other resources 70 draw on
when mining II depressed - IL 10 today. You
have ashersss. lumber. coal, iron. orchards and
green neids. ami 10 this particular locality you
have wonderful Commercial facilities On the
otaes hand. IN the states east OF you there are
only three staples, silver. iead and wool The
nrss u now dead industry since the snelsen
have closed down. The second II nearly -
badly Of, aad together with vooi viii becoms
still further depressed when the Democratic
congress- takes OF the duties and allows foreign
products 70 compete with them, - the
Democratic party has pledged itseif to do
take IL ~ inevitable that in few year new ratio
between god and silver viii be established,
and yet the time will come. but don't think
you or vii! see II, whom silver viii again re-
sumo its former rank. Ny reason 10 this: There
isn't silver mine in the country whose bottom
cant b seen. All the big bonsnxss are peter
ing Out one By one, and IL will not b many de-
csdes before tho production OF silver In this
country viii - less than the consumption,
when the metal viii rise In value In the
meantime the cessation OF silver mining aud
the lower prices for labor In all industries viii
force many men to develop gold veins, which.
1t present prices Tor labor, would rot pay them
to develop today. But while l think silver viii
ultimately rise TO higher perms.
nent value / think that within sixty
or ninety days the price OF silver will 60 much
higher than it Is today, perhaps to 80 cenrs or 81
IN ounce. The cause OF this will be the shut
ting down OF the smeiters and IL VIII be brought
about In this way: The sEuelters have many
millions invested In silver: in TACT they are the
only owners OF silver bullion in the country
They know that the government will have to
buy several million ounces before the sherman
law can be repealed, and. a. they have shut OF
ali production, they can run the price up to the
government Yes, think silver certificates to-
day good gamble. II seems funny. don't IL,
that corner should b gotten up in the very
article which is said TO b such drug on the
market
c. Il. Tedcastie, Of New York, treasurer aud
director OF the Oregon improvement Company,
who has been spending several weeks on the
Coast, returned home yesterday over the Cana
dian PAciac He returned Monday from trip
to Aieska. having gone MP on the Queen WITH
Mr.. W. Z. Deans family. OF san Francisco. Mr..
Deans son was very ill with pneumonia during
the entire trip but no has 20 far recovered that
the family we're enabled to take him back home
to San Francisco yesterday. 1.-THE reason have
stayed out here 20 long was that might b able
to absorb the situation out in this region, 20 to
speak. 30 that when I 60 back home and men
ask me about things our here can answer them
with certainty and tell them: know what
l gay IL so because I have spent some
time out there and know what l am talking
about There are lots OF intelligent and we'll
informed people in the East who havan't the
fsiutest idea OF this section. and may say that
the majority of them are in that fix. / often
see men in New York with good. frst-class
schemes they want to put through with Eastern
money, aud have often heard them complain
that they can't get their matter looked at and. II
they are examined. the Essterners want all
there IL In the scheme. Now these far Western
Investments are considered by this sort OF CAPT
,aiists ~ big gamble in the wild and wooliy
West. and they want the TEN ptation Of . big pot
to win In order to get them to take what they
alder such big riskk. Now the best way to work
these schemes is this: London, Paris, Vienna.
Amsterdam and Frankfort lend money - New
YORK, Boston and Philadelphia, which cities
lend their money to Chicago and St Louis
These latter cities lend money to St. Paul,
Omaha, Kansas City ana beaver. aud these
latter in turn lend money to the cities in the
regions with which its business men are most
familiar. and cities like Seattle. Tacoma and
Portland lend money TO the smaller town&
Now to float an enterprise easiest 10
TO reverse this process and first 20
to tho capitalists most familiar with
the conditions surround ng the enterprise. II
they are unable to handle IL alone. they will DO
able TO interest still larger capitalists in the
raaA above them and 90 on. You see there is q
certain amount OF caste in financial operations.
but you can readily zee that IL 10 strictly the re-
suit OF careful business rnethodA''
Il don't think that enough attention 10 given
to the development OF our fisheries Oh this Coat
n 4 source of wealth. said Mayor Norman K
Smith. OF Port Angeles. at the Northern last
night ia my opinion they are destined to be-
come the greatest source of wealth for this
state. The Puget sound cities should be today
the great salmon markets Of the world instead
OF san Francisco aud Portland. Here should all
the Alaska csnnerics find their market, ~ we'll
Sc most Of those 81 British Columbia The cod
and halihn, fisheries are inexhaustihie, and a.
hss is a food product which 10 coming more and
more into use IN this country a. the price OF
mes; goes constantly mp, their value Is con-
stantsy increasing. aud long after our forests
have been Cleared away the people who inhabis
these shores will derive par; OF their sus,enance
from the depias OF the ocean,
MIR. Hsrdeli Strong. of DAYTON. O.; Rev
aud Mrs.. q. 4. Howard. of Ca,ssil. n Y: Mr.
and Mr.. Charles T. Hoscr. OF New York and
NJ. and Mira {. Z. Burnside and child. of Con-
cord y. H.. are tourists stopping at the Rainier,
who will SO up 10 Aiasxa on the Queen on her
next trip