The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-28
German Savings and Loan Society
Makes Large Sales.
HAS NOT lOSTA DOLLAR HERE.
Obtains Principal and Interest on
IDvestments In This Ctty's Heai
Estate-Lfst Of Properties Sold
Daring Past Week-AggreGats
Purchase Price S12S.0OO-A New
Business Block Has Been Planned

George Tourny. secretary % the German
Savings ara Loan Society, OF San Fran
cisco has sold during the past few days
Seattle business realty amounting In he
aggregate to tl2e.yo In value Mr.. Tourny
arrived In the city from San Francisco last
Saturday. his mission here being to close
W q number OF real estate deals which
had been partially arranged for by the
firm OF John Davis Is Co Deeds 10 the
properties involved have bssn executed
since Mr.. Tournys arrival. and will hs
made Of record within a few days. Mr..
Tourny II registersd at the Butler.
The important feature Of the sales OF
real estate made by the German bank.
which is ona Of the iarges, financial III
sututisns la The West is that the bank
has secured dollar for dollar with inter
est and even better. from It's investments
made In Seattle during the period imme-
disteiy after the great fire OF 1879. II Was
the German Savings and Loan Society
which furnished the greater bulk OF the
money which was obtained BY local prop
er,y owners TO rebuild on the ground in
the busnesz section which WAS swept by
tina. disastrous conaagration.
During the dull times which followed
the Inauguration Of Grover Cleveland az
president OF the United States. the German
bank carried many Of the mortgagors who
obtained money To build after the fire. On
q number OF properties the hank foreelosed
It's lien Mr.. Tourny says he IN more than
satisfied with his investments In Seattle.
which. Of course. means that the bank
obtained It's principal and interest In every
case where there was a foreclosure.
il IL almost needless to say that in cases
where the leans were renewed an ak
tension OF time was given. the property
owners In every case have met all pay
mefIts and have fulfilled all their ohliga-
tons since the return Of good times and
the renewal OF business activity and COM
mercial prosperity. Following Is a list OF
1he properties which have been sed by
the bank. through the firm of John Davis
d Co. during the past week:
Two lots at the southeast corner of
Fourth avenue south and Main street, 20
Lowmau Hanford. consideration SO 900
Two lots on the orthwest corner Of
Fourth avenue south and Jackson street
10 T. n Green. OF the Puget Sound Ma
chInery depot, for ya0.D0
One lot and substantial three story brick
building. known the Parker block on
First avenue south. between Washington
and Main. TO NJ. T.. Downs. for S3s 900
One lot on First avenue. opposite the
new postofriee known -. the Knixh,
block. being soxios feet. with three-story
brick building. 10 Il well-Lnown Seattle
merchant. for s2s.eo
One 10, AT The corner Of Cherry street
and Sixth avenue. TO George f. swinahart.
of Alaska. consideration t5vs,.
A brick block with lot sQxe1 feet AT No
20, Washington street. TO j. IL De Lone.
for 80 90
IL Ia understood thai Lowman g. Han
ford. who purchased the property at the
corner % Fourth avenue south and Main
street. are planning TO erect a three-story
brick and stone business block In the
Parker block was made as n business in
vssiment. MIR. Swinehart. 1t Is under
stood. has ordered plans drawn for new
building at the corner OF Cherry street
AMI Sixth avenue
Speaking OF the Investments made hv
the hank In Seattle which nj enc time
aggregated s3.eo.oDo Mr., Tourney said
yesterday;
II am more than satisfied We have not
lost a dollar. More than that, We have
done well In this city. always believed
that Seattle would become great com.
mercta and business center NV fa}th In
the city WAS never shaken I'm the least
even during the dun times Of 1885
never saw the Cly hook 80 we'll rs II does
today. ana have been coming here twice
year or oftener for many years past"
Mr.. Tourny said that the prosperity en-
joyed by Seattle was. I'm = measure ~
least. prevalent over the entire pscif,.
Coaa. California Is Prosperous he SAID
The San Joaquin valley has uaf seen -
good times a@ a. presen; fer years past
The ratsin association is a success. II has
been The means II advancing the prtea az
the crop OF the raisin producers over ita
per cent This has bro@gf.t prosperity Ia
the farmers II the valley AND II all Fresno
county. as We'll as TO other parts ec the
state"
Mr.. Tcugny was ore of the organizers
Of ,he association OF raiSin growers which
controls the bulk of the California crop.