The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-09-07
Eastern and European Investors
Look for a New Field.
REPUBLICAN VICTORY NEEDED.
Frederick II. Ertel. nm Authority on
Finance. Tells OF the Interest Now
Felt by Moneyed Men in the sound
COuntry-This City the Center
Heal Estate Higgins to Look Up.

Frederick Fl. Ertel. of Chicago. publisher
Of the weli-known financial journal. Bonds
and Mortgages. is in the city. and the OBJ
ject Of his visit IS TO bring Eastern and Eu-
ropean capital to the Pacific coast for in
vestment. He is looking over the country
very thoroughly, and it is highly probable
that he will soon make an announcement
WHICH VIII be of Importance 10 every per-
son interested in Seattle In an interview
Mr.. Ertel said:
Il expect that the Pacific coast will be
one of the best fields for investment the
country has ever afforded, and much mon
ey vii! be brought here from the East
ern states and European countries There
10 no doubt hut that many men OF vast
wealth became disheariened when the
states of Washington and Idaho were car
ried by the Populists. and they informed
their representatives TO keep their hands
OH or all propositions which were offered.
This Is especially true of one of the lars-
est financial firms IN Holland and in a
letter L received from the managers of il
| was informed that both of these states
We're supporting the doctrines of anarchy,
and that they would not under any cir
-
II will be remembered that San Francisco
had the bulk of the Pacific coast trade a
snort time ago. but now Seattle is talked
OF more than any city on the Coast. and in
order 10 retain this standing it is ALSO
luteiy necessary To keep the state out of
the hands of the Popuists II Washinst csl
Is carried by the Republican party, / look
for large influx of capital TO this part of
the country, as the war certainly left the
nation in a good condition.
The financial outlook for Seattle is I'M
usually bright The dark days OF luuida-
ton are over, and the dawn Of q new and
important era of investment and develop
ment has arrived. When | visited this
city in 1897 l found a number of wide
awake real estate men prociaiming Seat
ties many advantages far and wide, yet
Ei:hal. at that time. she stood ignored by
the two great Tanscontinentai railroads
which are vieing with each other today
TO discount the assured bright future Of
the city by investing III extensive and
permanent terminal facilities.
There Is a great ioosenng up Of idle
money throughout the East, large vol
ume of which is tending toward this sec
ton. Since the advent Of the refunding
period when, some sixteen months ago. the
Vanderbilt lines reduced the rate of inter
est on their securities from & and per cent.
10 only 3i9 per cent. which has been fol-
lowed by nearly al! other trunk lines. a
tremendous amount OF private and trust
funds have been studying the map closely
TO find more fertile fields for investment.
Seattle will receive a large share OF this
money. and maturing Obligations here will
find plenty of cheaper money 10 refund
with.
To-day there are not enough bonds 10 go
around. No sooner is a desirable bond
issue announced than the large trust COM
panies or savings banks OF the East stand
ready TO absorb the entire issue. leaving
the private investors barren OF these Sc
curities. Real estate. next 10 reliable
mortgage loan offerings, will receive ear
nest support and l look for an early and
marked enhancement of values.
Seattle Is about 20 reap the reward of
patient waiting and is in better shape TO
interest capital than any other city on the
Sound. The Alaska excitement, coupled
with the cheap railroad rates. has opened
the doors to heavy immigration, and capt.
tai now stands ready TO follow. These
two form the prime essentials toward the
building up Of the city. Too much stress
cannot be laid upon the gratifying ter
mination of the war, with the eyes Of the
American capitalist turned toward the ORR
ent and Seattle as the logical gateway.
Seattle has been fortunate i'll having
built up naturally, and is the natural out
growth of supply and demand To find
her a shipping point for cotton appears
beyond belief 10 an outsider. yet empl1a-
sizes the importance of her shipping inter
ests There are bright days in store for
Seattle The American investor is more
or less erratic, and all Of them generally
go one way nj one time. With the turn
IF the tide their interest seems riveted on
the Sound country, with Seattle as the OBJ
.~..fxra pnfnt