The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-07-19
A GOOD INVESTMENT.
The Canal Subsidy Advertised
Seattle Enterprise.
PARALLEL IN ST. LOUIS HISTORY.
Henry Semple Ames Thinks the Bright
est Era in the City's Existence
Is just Opening.

Henry Semple Ames, OF ST. Louis, 10
whom is mainly due the credit of lnanc
ing the South canal project. was at the
office of the Seattle & Lake Washington
Waterway Company yesterday looking
over the situation, and seemed much
pleased with the progress made toward
starting the work of dredging. MIR.
Ames is a very conservative business
man. and is proveroially taciturn, but
when he talks il is 10 the point. and his
opinions are always listened TO WITH
respect. Speaking of the canal IS a bust
ness proposition for the people of the
city yesterday. he said:
Some years ago the city of St. Louis
raised 100000 in cash for the purpose Of
entertaining visitors. advertising the city
in a general way and producing a favor
able impression on the capitalists and
business men of the country. The money
was spent in this way, and it was one of
the best investments ever made by the
people OF St. Louis. This fact has been
acknowledged by all who had any con-
nection with the raising and eisburse-
ment OF the money. Its good effect was
TO make the place talked about among in
vestors, and II resulted In the investment
OF many millions of dollars in various
enterprises IN ana about 81. Louis, which
has added greatly 10 her material pros
perity. There is no question in my mind
that the advertising which Seattle has
obtained all over the East by the raising
OF the canal subsidy will be fully as
much benefit TO her as the expenditure of
the So 000, 600 was to the city of st. Louis.
The showing for pluck and enterprise
during a time Of general depression is
having a wonderful effect on Eastern in
vestors. and I look for the best times
for Seattle In the next few years that she
has ever experienced in her history.
THE signs OF the times point undenia-
bly, to a general revival in business aud
a ioosening up OF capital which will very
soon be looking for places of Investment.
No part of the United States will feel the
return TO prosperity much sooner than
Seattle. as II in common with other Coast
cities felt the depression more than the
old and solidly built-up cities of other
parts of the country. Iron, wheat and
other staples show an upward tendency,
and all over the East we hear of gem
erai and voluntary advance in the wages
of workingmen These things show us
that the worst has past and that pc
Rod of renewed prosperity is at hand.
There is no danger, l hope, OF any
radical change in our present monetary
system. as that would not fail TO again
disturb existing financial conditions, and
a return OF the whole country 10 Pc
Rod of prosperity would be retarded. the
free coinage of silver. which would drive
gold to a premium and consequently out
OF circulation. would put this country
on a silver basis, which would be ruin
Gus To our credit abroad and bring about
the most disastrous condition OF affairs
at home. There is. however, L think, no
real danger OF any such thing taxing
place. and / regard the return OF pros
perity TO the whole. country and rarticu-
larry TO Seattle as certain.