The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-02-21

What ranks as next to tho lsrger single
real estate transaction ever made In Seat
lie by an individual was contaminated yes
terday when II. q. Bond purchased
through his agents. Crawford A. Conover.
Tor $4,000 the Washington Territory In
vestment Company's property at the north
west corner Of Second avenue and Cherry
strces, controlled by the Harrisburg Trust
Company, OF Harrisburg. Pa. The transac-
ton Is also notable as being the highest
price per front foot ever paid for property
on the Pacific coast north OF San Fran
CISCO II being at the rate OF s2,iis66 per
foot
The property has frontage OF sixty feet
on Second avenus and a depth OF los feet
on Cherry street and Is covered by a three
story and basement building occupied by
the Post-Intelligencer and other tenants
The property IL generally recognized az the
most valuable corner in the city. and after
the fire ten years ago the bare lot was sold
for N1,oc0 by the late DIR. II. r. Ragiey and
Mrs Foss. to William H. Bailey who later
turned II over to the Washington Territory
Investment Company. In which he held a
large interest.
Previous TO the hre the property was
covered hy wooden structures OF no par-
fIcnlar value, one OF which was occupied
by a hotel called the st. Charles, while
pr. Bagley had his Office In another
VIII Have a Nigh Block.
The year Of the great fre the present
building was erected nj cost of abou.
t7oooo While Il only has three stories at
present the foundation was laid and the
walls constructed for a six-story building
II IA understood that Judge Bond will dur
Ing the next year remodel the building and
add three more stories or entirely remove
the prercnt structure and build In its
steid modern twelve-story office build
ing OF hreproof construction. and a model
Of It's kind II he carries out this plan. Il.
which q Is understood he inelines IT viii
n.nFe the expenditure OF upward of
sDooS.
Judge Bond left last evening for bries
business trp TO New York and Washington
and on his return his plans win be more
fully matured
Judge Bond IL Identified with some OF
the important financial interests In New
York. has valuable mining properties IN
Colorado and this state owns one OF the
finnst fruit farms IN California. IL interest
81 In the iron business IN Alabama: owns
one Of the lirgesi bodies Of standing timber
controlled by one individual in this state.
ard owns other valuable improved business
property IN Seattle, and a large body OF
suburban property.
couple % weeks ago Judge Bond was
unanimously elected president OF the Cal
ifornia Fruit Growers Association. which
orRanizsuon controls the entire fruit pro-
duct Of California and practically ~ the
pacihc coast. He Is Arm believer in the
great future OF Seattle, and has declared
his intention OF closing out the majority
Of his interests elsewhere and concen rat.
Ing his capital and his energies In Seat
tie where he win IN the future reside. lie
has within the past few days sold the
greater portion OF hts California holdings
In speaking OF the future growth OF Sc
attic yesterday Judge Bond said
His Faith In seattle.
~ have always had the greatest faith
IN Seattle since FIRST I became a resident
OF the city. Certainly the outlook for
this town Is one TO make an optimist of
the most confirmed pessimist | do not
look however, Tor any great speculative
advance in the value OF real property.
md do not think that u Is To the sest in
terest OF the permanent holders OF real
estate 10 have any sudden and enormous
Increase in prices of real estate IN the
city.
on the other hand there will be to my
mind steady advance based on the ac-
ward the interests Of Seattle far more
than a speculative squirt. All the facts
~ the situation as ! see them Indicate
toncluNiNriN tnuf seattle has future that
y relatively sreAter than any town !
know Of In the country
Y FIRMLY believe that We are In the in
PPM ppm stages o. se con, 1 upon The
that OF the Atlantic. From the develop
ncnt % this commerce Seattle wilt
think. derive more henent than any other
city on the Pacific coast
In other ways | expect To see Seattle
grow 10 truly metropolitan proportions.
J expect g see srsat many industries
"a he ttlt IL Lta
up which will assist In grea, measure IN
,rsatihg here great eommerge and
done with Alaska will greatly Increase
year after year over what 1t has been in
nc nsst and what - is today. This Is
business that Is essentially a Seattle prop-
csi,lop Gradually, TOO. | look for this
city 20 reach out ana absorb the trade
m british Columbia and the Northwest
F.tarc OF seattle.
Seattle has much 10 look forward Go
W the Development OF commerce with the
orient. The partition % china and the
EfNwth OF trade consequent upon the ac-
QUESTION by THIS country OF the Philip
nneo opens 90 Seattle and the North
west an era 10 greatest promise. The en-
M@Wtc 0t civilization into all parts OF
wilma wll create and has already created
aemand both for our staple raw pro-
outtH ana for our manufactured articles.
sspeelally OF steel and iron, machinery.
locomotives etc
,CA'na viii he forced to become what
ysfSh has become Japan Is the Yankee
" the Orient China smulatlug tho OK
sMEie ct her FWai hut VAloruus and en-
Mfgtlssns uv,Rhbor WiN shake or The
wthAFkf ot centuries ard viii struggle
forward into period ~ Development and
plekFese Which viii benefit this Coast
aad especially the city OF Seattle far more
unah mortal man can predict.
- understand tu this connection that
ttss.aeut I'M az ths Great Northern.
eNnten,qlates building enormous steam
sessetS Tor service in the trade between
Seattse Hna the Orient 7 arm advised
tNAt hc 's planning 90 build thrrc strafi.
80 ei iNeo taus Furh and tNo uf even
- tons capacity. ,ucsc enormous car
.tlS VII mark "a new era tu OCEAN corn
mefee They will be the means ~ enNh-
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+ LINEN MESH I