The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-08-21
HER CREDIT STANDS HIGH,
Mr.. Rosenberg Finds Golden Opinions
of Seattle in the East


of Seattle in the East.
TN the East there has been a great re-
vival of trade, and mills everywhere have
been advancing wages voluntarily and
running at their full capacity. until now
the cry OF hard times is thing OF the
past said Samuel Rosenberg of the firm
OF Kline & Rosenberg who has just re-
turned from a trip through the entire
East and Northeast. Mr.. Rosenberg,
speaking in an easy, convincing manner.
continued:
Factories that were idle two years ago
are now running with renewed energy,
ana at many of them was told they had
more orders than they could fill for six
months ahead. At Pittsburg there has
been a 10 per cent. increase in wages I
was in Connecticut. and at New Haven
went through the Winchester Rife Com
pany's factory. i found that vast concern
running full-handed and working a large
force night and day. / found the same
conditions in all the Eastern cities and In
the Middle West. and can say that there
has not been a year since 1890 when the
manufacturers have been so busy as at
present
1T is exceedingly pleasant for citizen
or Seattle TO go through the East just
now, for on every hand he hears very
hattering things about his town In New
York l met a representative of NJ w
Harris q Co., who are heavy holders of
the bonds of the county, city and school
district. The bonds were placed without
any trouble, and the firm gave assurance
that no other city in the land had passed
through the depression and was able to
market Its bonds so well. On account of
the good reports several of my friends
have asked me to invest their money for
them in King county warrants. One bank
er said to me- and I speak almost his ex-
act words, that a city that could pass
through a great fire and then a financial
stringency, as Seattle had done, with so
remarkably few failures, was bound to be
recognized sooner or later wherever paper
was offered for sale. The credit Of Seattle
merchants is of the very best, result
drawn from the lessons of the hard times
for no other city west of St Paul made
such prompt payment of its obligations
through the depression, and in remarking
this to me Eastern men did not except
San Francisco or Portland.
IAN eyes are directed toward the West.
and toward Washington in particular
While In New York received letters from
men in Gloucester. Mass, asking ques-
tons concerning the fishing industry and
prospects on the Sound. / also met quite
a number OF people connected with lum-
Der mills. One OF them, r. D. Jones, of
Georgia, remarked to me that since Wash
ington shingles came to be known in the
East the red cedar was going far ahead
of the cypress Notwithstanding the differ
ence In freight rates in favor OF the
southern product. All the large lumber
men, he said, were looking this way for
investment or location, and there is now
party on the way from the South bound
for Seattle. / see, too, that the Wisconsin
lumbermen are already here. This re-
minds me of the forest fires here. and I
think we ought to take steps to protect
our timber for If we do not realize its
value others evidently do. Enoch Brown,
an extensive contractor in New York told
me that he had not used Washington lum-
Der until within the last two years but
now he uses it whenever possible, and as
sured me that In future he would endeav-
or TO obtain our lumber for all his build
ings.
II return home feeling very much en-
couraged at the outlook for Seattle and
tho state. Our people should not be dis
couraged, for the dark clouds have all
passed away and sunshine has taken their
place. People in this county seem not to
realize the great future before them.
What they need most OF all is 10 go 20
work and to hustle, instead of standing
idle and croaking. We now have too
many consumers and not enough pro-
ducers. and those are things for to
equalize. What we need is cheap money
70 build up the resources of our state, and
as soon as we have fully developed We
Will receive money at such a rate that we
can make vast strides toward further de-
velopment New York today contains
more money than for years past. and
some OF that money ought TO be brought
TO Washington to aid US in our growth"
Above all things, Mr.. Rosenberg thinks
the state ought to have duly accredited
agents in the East. particularly in New
York, where bureaus for distributing in
formation as to the country would do in
calculable good. He indorsed the plan OF
Alfred Anderson, immigration agent. 10
keep an agency at Chicago open. He pre-
diets great immigration 20 this state
with the opening OF next spring. after the
harvesting Of the large crops throughout
the West has directed further attention in
this direction. There are many people
who desire 10 be informed. yet who are
without information and do not know how
TO get It. The Post-Inteliigencer. says
Mr.. Rosenberg. does a great deal in that
direction. and in New York Is looked 70
as an authority as 20 everything pertain
ing 70 this section. Mr.. Rosenberg IS en-
phaticallv IN favor of railroad rates that
win afford manufacturers in Seattle an op-
portunity Of sending their products 10 the
most distant corner OF the Union. and OF
competing with all other Americans. II
we had rates on lumbetr. he says, in a
short time every city in the Union would
have yard filled with the Washington
product.
In the East Mr. Rosenberg had no DIM
Guilty in placing securities for his friends,
and completed the transaction at a low
rate OF interest
One OF the pIeasautest features OF Mr..
Rosenberg's trip was his meeting D. II.
Gilman in New York. Mr.. Gilman was
working faithfully on his project and as