The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-07-06
Eastern Capitalists Send Non
Here to Invest Their Money.
WHAT - SAID or TINS STATE.
4. z. Csenenwett Drings Sic NeneyeA
IN q Dlewett Mine and VIII Tell
Others 70 Cene Co Washington-
Mr.. Croneusett says All Eastern
ers Are Talking 81 Seattle.

Washington mines have not taken the
place OF the other resources OF this state
in the Importance accredited TO them IN
the minds Of people OF the East. but there
Ii a rapidly growing interest In tas
branch of development. and an unusual
amount OF money Is finding its way from
the Golfers beyond the Mississippi to the
pockets OF the fortunate men who own
mineral properties here. A E. Cronen-
welt. managing owner Of the Phillips
hudson Excursion Company, who returned
from tour OF all leading Eastern cities
Tuesday night. brought with him half a
dozen representatives OF a New York
syndicate. who came to Washington TO
close deal for q large block of stock In
one Of the leading properties OF the Blew
EFT district. All these men are enthusiasts
tic over the mining outlook Of the North
west. and will, upon their return TO New
York, interest more capital In such In
vestments.
C.. r. Wood, one of the capitalists to
come on this excursion. was made the
spokesman Of the party. 1t was his first
trip to the Northwest. and now he Is glad
he came. This Is the first time l ever
saw your state Of Washington" he said,
'.and now I only wonder why / did not
come sooner. Such a wonderful lot OF
resources l have believed existed only
in the Imagination of dreamers. but here
/ find them so common as to excite no
comment. Your shipping, general COM
merce. numbering. coal, fishing and other
Industries are wonderful. but to my mind
the most important Is the mining. for we
have followed this business considerably.
and are naturally more interested In II
than in any other line.
I'VE left the train on our Journey to
Seattle at q station called Ieayenworth,
I believe it was. and from there drove
to Blewett, near where the Warrior Gen.
erai and other properties are situated.
and old mining district. judging by the
general activity displayed and the dumps
of valuable ore ready for shipment. We
never thought Il ' amounted to l so much s
az we found II. And then we were told
that was no exception. but that all
through Eastern Washington and the
that we're quite as promising. all offering
fine opportunities for capital to find val
liable places for investment.
given US instructions to buy where we
thought X advisable. for some of our
party are expert engineers, and we have
left behind considerable money includ-
ing a deal that makes us part owners in
The party returned to the East yester-
day; The members Of II were the fol.
lowing: c. r. Wood. w. ID. Chapman. j.
I. L. Masten.
Mr.. Cronenwett says the interest in the
West Is daily becoming stronger through
out the East. While he has been gone
he visited the principal cities OF Ohio.
Pennsylvania. New York. Connecticut.
Atlantic and Eastern inland an says
he found everywhere an inquiry about
the best part Of Washington to go 10 that
almost exceeded his capacity OF answer
ing. Nothing II heard but Washing
tom. he said yesterday afternoon. ''and
II did not take me long to find out that
this part Of the West Is the mecca OF
nearly all people that have any inten-
ton of moving And with Washington.
their attention. When I was In Ohio the
great interest In this part of the West
was brought most prominently 10 my at
tentton. for fully 200 farmers and me-
chanics called on me TO learn of the op-
portunitfes offered for their change of
location. told them as mucn as could
of the general character Of this state,
where to go To, etc. and the best locali-
ties suited TO their various lines
But. as I wrote to our Northwestern
agent. Mr.. Haines. which letter I learn
you have printed. there should be made a
greater effort on the part of those inter-
ested In building mp the Northwest to
attract Eastern attention. Even though
there has been distributed a great ouanti.
~ of advertising matter, II Is not enough
TO supply the demand. The INQUIRY il
general and nothing but trip through
the East could make people believe there
Is such an interest The cities are also
watching the growth of Seattle and II no
longer happens that when YOU mention
Seattle somebody asks where that is. fnr
they all know"