The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-01-09
sEArrL1.s NAME IL rHE xAsr
Harris Co., the Bead Beyerss Exfsn-
sfvery Adverfisinx Her Advsnsages.

Harris 4 Co., the Bead Boyerss Exfsa'
sfvefy Advertising Her Advantages.
Seattle. Just now. I. receiving the big
gest kind OF q send-oa in the East, I" said
Mr.. ]. T. Blskiston, who has just returned
from an extended Eastern trip "Ihs
ssnd-of u In the shape Of circulars offer
Ing Seattle bonds for sale issued By Harris
* Co., of New York, the brokers who took
the entire series recently voted. and they
are indussriou=iy distributing them broad
cast, putting them in the hands OF invest
crs generally In every large commercial
center
They are Offering these Seattle bonds
a. f0i with accrued interest and rescrving
20 themselves the right 10 withdraw al
offers at any time without notice.
The circulars contain &ery catering
notices Of Seattle. giving assessed and
actual valuation Of property. setting forth
the fact among many other complimentary
things, that Seattle owns her own water
plant. and the main effect already estab-
hshed throughout the commercial world
that Seattle was the only city west OF the
Mississippi that went through the panic
without bank or business failures.
Seattle was the subject Of many con-
yersation had In the East, started gen.
orally By people learning that IL was my
home. Everybody. generally speaking,
had heard of the good showing made by
Seattle during the panic. and the circulars
issued by Harris Il Co. he'd the effect OF
Strengthening the good opinion that al
ready prevailed and increase the interest
of capitalists in this direction.
Seattle has many friends in the East
who are singing her praises as the result
OF practical experience. One gentleman IN
my hearing said that In 1878 he had in
vested $40 600 In Seattle. out of which he
had already pulled $4,000 in cash and had
SIS. eco worth still left. That gentleman
predicted that inside of ten years the pop
uiation Of Seattle would be between $780,
600 and 10000. In fact, his confidence
was SO unbounded that be proposed re-
turning here in the spring with q good
following Of capitalists and making
further investments. / saw many other
people interested in Seattle. and ali ex-
pressed themselves about to the same
effect.
Notwithstanding all these rosy predic-
tions," continued Mr. Blakiston, .'and the
fact that the Harris & Co. circulars will do
Us vast deal Of good, cannot believe
these advertisements much before next
fall; and base my conclusions on my OBJ
servations in New York, Philadelphia.
Baltimore and Washington, where found
that capitalists as rule were not dis
posed at present to seek new fields for
their money, not by reason of dis;rust. but
because right at home they can readily
place all their money on cali at from to
4 per cent. on gilt-edge security; and you
must remem Der that giit-edge security to-
day Is not the same as that offered the day
before the panic, which is an entirely
different proposition. Beside these heavy
capitalists the little surplus money that
always floats in the money market seems
to be going into perfectly secure low
priced Understanding security. so that
taking perfectly conservative view of the
matter, don't look for any great west
ward financial movement until the tariff
question shall have been settled and con.
gress gets through with the finances of the
country; after that, however. the state of
Washington and Seattle in particular, will
come rapidly to the 'front.'