The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-03-15
PASSING THRONG.

g. ". Z Griahth, Of Denver. who = largely
interested in Seattle property. arrived In the
city yesterday and expects 70 remain here for
week or more, . guest ct the Rainier. To
Posr-ISrHLLIaINcED reporter he said: "Busi'
mesa 10 dull all over the country and KanSas II
ike the rest Of the Western states but II getting
over It The Populist state government has
damaged il In the eyes Of investors. but the
and stock and are paying on their mortgages, 20
that the financial situation IL better. In Denver,
Kansas City. wichita and Omaha they have
many empty houses, for the places are over.
built At Salt Lake there are not many vacant
houses, but there 10 no sale. At Portland tt u
the same way; they are hard up on account Of
the general stagnation. Seattle has no con-
adorable number Of vacant business houses and
residsnces, % that - soon - things take . turn
the demand for more buildings viii come and
there win b fiso in property The fact 10 We
arc having . general resting spsll al over the
country. think banking has been overdone ell
over the West and during the period Of severe
depression bank stocks have fallen: uQuidar
lions have had . very depressing effect on them.
The West grows By Jumps; Il Rrows rapidly for
two OF three years and then rests for i've years
Denver and the Missouri river towns ars getting
back to . good condition, but there 10 not much
to say for real estate"
George 81. Emerson, the lumbsrman Of Ho-
GUAM. is stopping at the Occidental He said
TO PosT-INr8LLIoINc8B reporter yesterday:
''The lumber business In our section 10 only
fair. The shipping business 10 dull on account
OF the low prices ruling In San Francisco. The
Pscihc Pine Lumber Company has been unable
TO maintain prices on account OF the competi.
ton OF mills outside the combine We are
putting our mill In shape 70 do business With
the Eastern tfad& A. We have no railroad We
are putting In IN incline at South Aberdeen 20
We can ferry cars over 70 our mill We are also
putting In band saws, planers and dry kilna
There 10 largo Eastern demand for siding and
finishing In both cedar and spruce. but the
trouble 10 to get rid Of our No. stun. We can't
ship 1t East; the California market won't take
It. and We can hardly afford to burn II up We
have box factory in San Francisco. and this
enables u TO use up 50. 90 feet day OF inferior
stun which We couldn't otherwise SELL What
We need down our way 10 . railroad to open up
the olympic peninsula, which contains large
fertile valleys and the finest body OF timber in
the world, and Of just toe kind the Eastern
trade demands This section II in peculiar
need OF . road. because there are NO rivers or
harbors along that part Of the coast and the
country can only b opened up BY means Of .
railroad"
Cyrus Walker, the noted lumberman, OF Port
Gamble. returned from the East yesterday after
orado. and 10 now stopping ct the Rainier. His
family are still ct Colorado Springs, but he ex-
poets to remain here for the balance Of the sea-
son. ''The cargo lumber trade 10 in very poor
condition." said he. 1.-THE esn Francisco mar
ket il demoralissd, the small China trade has
not grown any. the South American trade does
not amount to much and Australia ID dead. In
the latter country they have not recovered from
their depression yet, and the yards are mostly
overstocked. The British Columbia mills, IL 10
true, are shipping considerable stun over there,
but we don't want the trade at the prices they
are getting I think they are selling stun to the
Australians for Is, and know they are taking
&c. %. and there is no money in the business at
those figures. We can't compete with the mills
on this side Of the sound for the Eastern rail
trade, but We hope that the mills over here will
get enough of that business 20 that they can
leave VI the cargo trade to take care Of"
Mr. and Mra r. A. Copeland, OF La Crosse.
Wis, are guests ct the Rainier. Mr. Copeland
10 lumber manufacturer and cuts about
80, 900 feet year. "This 10 my nrst visit to
this Coast" said he. "aud have observed with
business all along this Coast, - came out over
the southern route and am returning BY the
Northern Pacific We are using great deal OF
your lumber In the East and will uso more from
year to year, - our clear stun 10 getting very
scarce We are now using . great deal OF your
Ceuat suing IN ming our ORDERS ana ] think le
10 very nne lumber" Superintendent J. B.
Copeland, Of the Seattle d Montana, called on
his Wisconsin namessks and renewed . former
acquaintance In Minnesota. II have met more
Copelsnds out on this Coast than anywhere else
have besn," said tho La Crosse gentleman,
"snd yesterday over in Tacoma my three
brothers and myself all met together for the frat
time In our lives." Mr.. Copeland 10 the Rspub-
lican mayor OF La Crosse, which IL Democratic
town, and was the only man elected on his
ticket
George ". Prescott, president Of the Union
Iron Works, Of San Francisco. and Homer 8.
King. wealthy banker and broker Of the same
city. are stopping at the Rainier. They are
both largely interested In real estate here, es.
peciaily in West Seattle property, and are ND
here to take look at the situation of sfFaira
MI Prescott 10 the principal owner of the iron
works near Port Townsend, and the Union
Company at San Francisco was the builder OF
the San Francisco and Monterey warships for
the government They will remain several days.
A. E. Walton IL an English mining engineer
stopping at the Rainier. He represents syudi.
cate OF British capitalists which makes bust.
ness of floating mining properties on the foreign
masksta II have just come I'D from Durango,
Mexico, where ! went TO examine some proper.
ties that were offered u.s. said he. eve have
properties from all parts OF the world and We are
now working some claims in the SLOGAN district
which We have bonded. / was astoniShed to
learn this morning that you have an alien law
IN this state which would prohibit our peorls
from taking hold Of any properties here"
II. g. P. Henderson and W. Cottams are q
couple Of young Engltshmen Just arrived from
London stopping at the Rainier. They are
making tour OF the Northwest Pacific ooast
with . view to making investments and, per
hsps. locating here. Mr.. Henderson, . few
years ago, was engaged In the live stock bust.
ness Ia Northwest Nebraska, but disposed OF his
interests there and returned to England.
PERSONAL.
DR. Z. G. Johnson left for whatcom Last
night
r. 6. pimnick, OF East Clailam. 10 q Ruess