The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-02-24
New York Financiers Have Great
Faith in Seattle.
e. c. NEuFELDER RETURNS,
Says That Every Confidence In Felt
in the East of MckinIey's He
eIection-No Danger of withdraw
al of English Money on Account
of the TransvaaI war-Has Oh
tained Control of Peoples Bank.

After a six weeks sojourn in New York
and other Eastern cities. h. c. Neutelder,
president OF the Peoples Savings bank,
is home again. With Mrs. Neufelder he
arrived Tuesday night While in New
York Mr.. Neufelder made strong finaD-
cial connections which he had in view
when he purchased the controlling inter-
est in the Peoples Savings bank, short
time ago succeeding Jacob Furth as it,
president. Part of his plans included the
purchase, for 100000. of the Masonic tenn
pie building, at the northeast corner OF
Second avenue and Pike street, which Is
to be the new home of the bank.
To Post-Intelligencer reporter Mr..
Neufelder said last night that among the
keenest financiers in New York there is
a general belief that Seattle is the COM
ing city OF the Pacific coast. and that It
Is only matter OF time when II VIII be
one of the greatest cities on the continent
in point of size wealth and Importance
in the business world
THE extremely favorable view taken of
Seattle, of its prospects for the Immediate
future and its ultimate destiny among the
great cities Of the country, by the leading
bankers and business men of New York.
is not confined to any group OF men," said
Mr. Neufelder. at is general and wide
spread, and after talking with the leading
men In New York's financial sphere / be-
came more firmly convinced than ever
that this city has a future OF almost H.
limitable possibilities. Always having
been firm believer in Seattle, | came
ba k, after talking with these men, doubiy
impressed with the extremely fortunate po-
sition Of Seattle In view of the expansion
of American interests and American COM
merce on the Pacific.
1T Is very gratifying. indeed. 10 hear
men who are constantly in closest touch
with the affairs OF the financial world
"a IL. alat.x
fidence In its future. 1t means that con-
stantly increasing amounts OF Eastern
money will be invested here from year to
year
There will be much less than the usual
disturbances and financial apprehension
felt In New York's financial circles In the
presidential election this year. This Is be-
cause there seems to be no doubt whatever
of the election OF President Mckinley and
the retention Of the Republican party in
power al Washington. 1t Is the general
belief of New York business men that me
present era OF prosperity and activity IN
all branches OF business and INDUSTRY VIII
continue for a long time. Some little time
ago there was apprehension that the con-
tinued reverses sustained by the British
in South Africa might result in heavy with
drawals of gold from this country 80 as
to injure American industries and invest
ments. New York has such "a fabulous
amount of wealth. however, that Il Is
now believed there Will be little danger On
that score. American capital will he able
TO cope with such difficulties as may pre-
sent themselves from this source"
Mr.. Neufelder called on Senator Foster
and Congressman Jones and Cushman. at
Washington. Speaking of his own plans,
Mr., Neufelder said that the Peoples bank
will be established In Its new home about
April /. The bank room on the corner
will be remodeled and Handsomely fitted
up. Maj. James II. Hayden will remain as
cashier. Mr. Neufeder has long been "a
director of the Peoples bank. lie has re-
signed his position as vice president of
the Puget Sound national. but retains his
the Eastern correspondent OF the Peo-
pies bank.