The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-08-02

received an unusually large number of
Eastern capitalists. some Of whom have
been looking after investments already
made, others to make new purchases.
and stiil more to spend season OF rec
reation away from the heated centers
Of the East. of all who have conyersed
on the subject none has expressed opin-
ion other than that there has been
greater activity in Washington securf-
ties for the last year than for any other
period In the past
Among those now here IL w. Payson
Biodgett, a Wall street broker, who has
negotiated a great amount OF paper in
this state. and who now possesses large
share. He IS a guest of the Rainier
Grand. and in an interview yesterday on
Washington securities and the money
market In general. he said:
Il don't know that I can add more
regarding how securities IN this state
are received in the East than refer you
TO a recent statement made In the Wall
Street Journal It was TO the effect that
there was unlimited opportunities FOR. IN
yesiment in Washington. and the class
found anywhere in the United States.
Investments Are Liberal.
During the past two years there has
been large amount of Eastern capital In
vested In Washington and from no quar-
50 far as I know personally. has there
been any complaint. There are many
fields for investment both here and in
be undertaken this year. II viii not be
so great as II would have been had condi-
tons OF peace continued In the Orient,
and were this not presidential year.
Il do not mean TO be understood that
either Of these causes VIII depreciate tho
class OF investments in this state, but
both have tendency to tighten money
OF deferring many developments that were
originally contemplated. As an instance.
there were several railroad projects from
outside points into Washington. and also
In Alaska that Will not be built this
year on account of this fact. There Is
much railroad construction needed In this
sources and accommodate thickiy-settied
districts that few years ago were prac-
ticaliy uninhabifed.
There is one thing that has been most
satisfactory 70 money lenders in this
state and in this city. and that Is, that
while there has been an unprecedented
rush Of business In Seattle. brought about
gold fields, there has been no bubble boom
Men who have their money invested In
a section are best able to Judge of a
state has added immensely to their pop
uiations. II has been by steady growth
and development.
why Capital Hesitated-
Pour years ago capital was not 30
Of political conditions Politics is as
great a factor In building or destroying
a community as anything else. and Pop
ulism Is not productive Of what Is con-
sidered safe business ventures
In all presidential years money tight
ems TO some extent on account OF the
uncertainty OF the outcome of elections
and the changes IN conditions that may
follow. While this year there has been
a perceptible effect on the money market
IL can be safely said II was never less
IN national election year than this one
into industrials and all business projects
by the Mckinley administration Is too
firm to be shaken by d shadow OF BRYAN
Ism. II Is considered certain in the East
that Mckinley will be reelected and the
commercial progress he has begun will
be developed during a second sterm
But the money market In the East is
beginning to tighten, brought about main
~ by war clouds In China and for this
reason, until II In known just what the
outcome Will be, there will be a partial
cessation. OF investments at home.
This Is not however, due to any
shortage OF money in the United States.
for under the gold standard we have
an ample supply for all our needs The
sold reserve Is being Allied up fer neces-
sity. and should a time TO act come there
Will be no country in the world better
after American interests in the East.
In the event Of an opening az hos
tilities II Is figured that t2e 90 90 wifi
he required BY the government This
amount can be raised in an afternoon.
and the effect on the market win be little
felt,
should the war not maierialize. there
viii hc a looseninx OF money ana un-
douhtediy the great West win see an
active season"