The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-18

Dexter Horton & Co. and others wen
knowk Ia financial matters. took the mat
ter Up in the cieariDg house. Immediately
the proposition 10 secure a government
assay office for Seattle took form. Opera
tens we're transferred from me clearing
house 70 the Chamber os Commerce, whose
nl~1mleEs and officials set about the task
with the true Seattle spirit.
Fruits OF the Victory.
Tie fruiss of nearly two years Of effort
il told in the dispatch printed in yesser-
days Post-Inteiiig.scer, announcing that
the leslste had passed the house bill for
the creation Of sn assay Office IN Seattle
and spproprlailng s3sss, for the expenses
of the office The triumph OF the adyo-
Gates OF flle bill was the more notable
when Il il remembered that Speaker Reed
and the chairman of he committee on APP
I5g0ggIat,0ns were bogh opposed 10 IL.
With the presidents signature affixed 10
the document the bill will become law.
"'fhe establishments Of an assay Office in
Seattle IL another step towards mai KING
this city a governmental center" said Ed
ward o. Grayss yesterday. "Ws have al
ready the United States court. the corps
Of engineerH constructing quartermaster,
naval Station weather bureau Office and
inspector OF bulls and boilers. The eneet
of the location Of the Office here viii be
very marked and beneficial on the trade
OF The city.
"Tt Will enable the returning miner 10
exchange his hard~earned dust In Seattle
for government coin or currency at fun
government price for his gold. Heretofore
much Of The gold mined in the Yukon. on
the coast OF Alaska and in the plaesrs or
British Columbia and Washington, which
has come through 10 Seattle. has uiti-
mateiy gone to San Francisco and Helena.
Mont often the miner went with his gold
and his patronage was secured by the mer-
chants of the elites mentioned. Seattle is
10 reap these benefits now. The miner
either spends or invests the proceeds or
his work where he receives coin Tor ms
gold This Is one reason why Seattle ls 10
lie greatly benefited by the assay Office.
n benefit which VIII be wide-spFeading IN
its effects"
.sTne government assay office win not
only attract gold from the Yukon. but
from the pIacers OF British Columbia and
from our own state" said President Cha
pin. or the Boston National bank the
ultimate benefits which viii accrue by the
victory won IN congress are not apparent
on first sight. The business collateral WIN,
and incident 10. the handling OF large
amounts of gold. Is very eonsiderabie.
The miners. enabled 70 geli their dust al
mint prices at Seattle. the first port OF
arrival from Alaska. will make this city
their headquarters. Trade which mas peeh
controlled for years In Seattle viii become
perpstual!y fixed her. l am especially
ernfIfied that Seattle mas AGAIN ~oh
substantial victory"
what other Bankers say.
n. III. I.atimer said: 81 do not believe
,bs. any happening in recent years win be
Of such substantial benefit TO Seattle as
tile establishment by the government OF
sn assay office here. II VIII give us a
wonderfully powerful advantage In keep
ing aud developing the trade with the
mining districts OF Alaska and the whole
Sarthwest. a. soon as IL Is known that
the miners can receive mint prices for their
dust at Seattle. the point nearest 10 their
mines. they will come here instead OF go
ing to san Francisco or Helena. Hum
drsss Of thousands Of dollars viii thus De
brought into circulation In various chan
neIs OF trade The Alaska merchants VINO
have been accustomed 10 receiving dust
for their goods will send their goid TO tue
Seattle Assay office. Naturally, they VIII
come here 10 repienish their stocks. IN
countless WAYS the assay office viii CONFER
benefits o, a most lasting nature upon the
trade an.I commerce OF this city"
~ am clad that Seattle has Man., sHd
Jacob r'arth president OF the Puget sound
national bank. Gold from the mines OF
the Yukon, from Cook inlet, from copper
river aud other as yet undeveloped dis
,ricts of Alaska. as we'll as from British
,,o,umbia and the Northwest territory,
w,n be brought to this city In an ever
widening stream. The clearing house OF
Seattle established an assay Office mere
two weeks after the arrival OF the Port
land 1t was not done 10 make pron'-
The enterprise resulted IN Catching ia's
,.,,r,r,,on Of the incoming gold, but OF
rn,,ssa ,he government office will do much
,stter. The advantage the Office VIII give
the merchants of this city and the dement's
ina, will accrue viii be very large IN my
opinion"