The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-03
Capitalists Are Eager to Consider
Seattle Investments.
GREAT FUTURE RECOGNIZED.
y. w. C1lse Returns From visit to
EAstsRn Financial Ccnters More
Than Ever Imprcssed with tho
Lead This City Has Gained over
Western Rivals Made Two
Large sales Of Business Property.

=. w Unse, president of the elise In
Vestment Company, has returned from
brief business trip to New York, Boston
and several other Of the prominent clies
Of the East. During his absence Mr.. elise
made two ladge sales OF Seattle business
property, and returns more than ever I'M
pressed with the high standing OF TINS city
In the financial centers OF the country.
mo city In the West" said Mr.. elise
yesterday, has such splendid financial
standing in the East as Seattle. The WIS.,
flor from no other Western city receives
the same attention from capitalists and
investors as the man from Seattle This
city ID recognized as the coming metropolis
Of the Coast.
ssFor ten years, now, have been MAX
ing visits to the Eastern cities at frequent
intervals, and have noticed a wonderful
change in the attitude of capitalists toward
Seattle. A few years ago when any prop
osition from this city was placed before
them they would say: oh. yes; Seattle Is
. rood town, and some day 1t will be
place we can AFFORD to be identified with
And that would end the matter
Things Have Changed.
.ssut now their manner has entirely
changed. Any legitimate business propo-
sition meets with Immediate attention and
consideration. It is astonishing how well
informed Eastern investors are regard
ing Seattle and the surrounding country.
They know all about 1t and are eager to
obtain new information.
"Whils In Boston a few days ago I
happened to visit prominent club In
company with Jacob Furth. of this city,
who was then in Boston. In course Of
conversation Seattle came up for discus
sion and someone asked the question:
what are Seattle's chances fol future
GROWTH Immediately another Eastern
man answered: President James ]. Hill,
Of the Great Northern. was here little
while ago and he made the prediction
that within fifteen years Seattle would
have population of zoo, ooo.'
upon hearing this statement Mr..
Furth turned to me and said: II Seat
people would laugh at him. No matter
what our secret opinions might be-, we
would feel inclined to do 80, too. Isn't
II am not prepared to say whether
Mr.. Hill is right or wrong In his proph-
ecy, but we all know that he is a wise
portunities than any man in the United
States probably to judge Of Seattle's fu-
ture.
Hiii is a great thing for Seattle in the
East. Eastern business men and in
vestors have a high regard for his .opin-
ion ana admire his shrewdness, and any
expression from him has great weight
Two Big Sales.
"As to my personal business in the
East. hardly think there was anything
OF much Importance to the public Most
Of my time was spent in New York and
/ Boston, though visited other cities and
\spent several days in Syracuse. While
In that city / sold to w. l.. Smith, q
brother of L. O. Smith, who Is himself
heavy investor in Seattle real estate,
the quarter block on the corner of Occi-
dental avenue and Jackson street, Just
south of the Schwabacher Grocery Com
pany's store. 1t is Mr.. Smiths inten-
xour-story brick building for wholesale
purposes, The building will be erected
to conform with the desires of the\ten-
S Thf !. psis or Smith ss Bd for dh the
lot. that being the form the transaction
T also made 9. sale to New York
remain unknown. of the corner 111x6o feet
on First avenue south and Jackson street
and residence property in Squire Park
action. and the consideration for the
whole lot OF property was $4,000.
Mr.. L. G. Smith, while I was In SYRIA
cuse, authorized me to contract for him
Tor the addition Of two stories to the
building he now owns on the corner of
Occidental avenue and Main street. The
Improvement will cost about $4,000.
'sWhfle in New York had the fortune
Wall street. Money went up to 40 ner
cent. on one day, and several we'll known
firms ~ ss. were forced to the wall We here
money stringency on Wall street means,
Every city in the nation was called upon
Tor It's quota to relieve the situation.
not enough. however. to at all disturb
the money market here.
Stringency Only Temporary.
'"The stringsncy is. Of course, only tenn
porary and will soon pass away; indeed,
It Is already greatly relieved. Several
causes have united to bring It about.
The great industrial combines have made
use of an amount Of money hitherto I'M
precedented; the government at Wash
fngton has locked up In its treasury an
immense amount of gold obtained from
a9 Fl, thn ,ne inferior err states nave needed
ing crops, and the rate Of exchange has
been very high for weeks.
Seattle men are plenty in the East. In
Boston saw Mr.. Furth. who Is now on
his way home: in New York I met John
Leary, who. ! think. has been in PhiIa-
delphia also, and on his way East I-met
j. "A. Moore. The travel over the trans
continental lines is heavy from the East.
Most of the travellers are coming second
class class, but the sleepers also were well
'I was surprised to find a great deal
Of interest in the new gold fields of Cape
Nome manifested In the mining states
OF the west, especially Montana and
Idaho People there predict that there
will be a rush to them through Seattle
as great as that to the Klondike two
years ago. They have great faith in
the new discoveries In the case of the
Klondike country the contrary was the
case, I remember. SEQ
"The political situation In the East IL
known to most everyone here The Re-
pubiicans are unanimous in desiring the
reelection of Mckinley. Knowing that II
would mean the continuation of our pres
ent prosperity They are anxious that
the Democrats shall nominate BRYAN
again, believing him to be the weakest
candidate for the Republicans to defeat.