The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-23
Big Investments of Eastern Capt.
tai in Seattle Realty.
Six-STORY BLOUK ON SECOND.
G. A. whitcomb, of Worcester, Mass,
President Hill Predicts n Boom in
Washington Tfmber-J. A. Moore
Tells of Eastern Interest in the
Real Estate Market in seattle.

Another large building is to be erected
I'm Seattle. J. A. Moore. the real estate
man, who has returned from the East,
reports the sale of two lots at the north
west corner of Second avenue and Union
street for $500, and that 1t is the inten-
ton of the purchasers to erect a block
of probably six stories on them at once.
Mr.. Moore left Seattle February 10 for
New York, Boston and Philadelphia. He
says that G. Henry Whitcomh. OF Wor-
cester, Mass, is a silent partner OF the
Moore Investment Co. in the purchase and
Improvement OF the corner The block
10 be erected will be known as the Whit
comb building, and Will be one of the
handsomest in the city.
One Floor for Doctors.
THE first story will be arranged for
large stores with as fine light coming
from the back as the 'front.'" said MIR.
Moore last night. THE second floor will
be arranged especially for physicians. This
floor win be 40 feet square. The upper
floors will probably be arranged for liv-
ing rooms for the present. They can easily
be converted into offices later on, when
business justifies the change.
mfr. Whitcomb, who has been invest
ing steadily in Seattle realty for the last
two years, owns the sixty feet adjoining
this late purchase on which year ago
1 erected one-story brick building with
walls sufficiently heavy TO carry four
stories. 1t is our intention to continue
this building up with the Whitcomb block
Mr.. Whitcomb also owns the Estab brook
block now nearing completion, diagonally
across the street This corner was pur-
chased for Mr.. Whitcomb eight months
ago from Andrew Abt of Seattle The
erection of the building was begun i'm
medlately afterward. Mr.. Whitcomb also
owns one-half interest in the Bigeiow
NJ
and many other properties in Seattle.
Timber Boom Predicted.
James J. Hill. OF the Great Northern,
whom / met on my journey. said that
the approaching exhaustion OF the piner-
les OF the Middle West would result in
such a tremendous demand for Washing
ton timber that the present transcon-
tinental railway systems would be UNI
able To handle It, This In conjunction
with the opening up of the Pacific COM
merce, he said, would give Washington
a population of 500 900. and Seattle a
population of several hundred thousand,
at date not far in the future.
I'm the East I found every branch OF
industry enjoying a remarkable period OF
activity. Factories are pushed to their
greatest limit in the endeavor to keep
pace with their orders, and are often I'M
able to meet the heavy demands for their
products. Shipbuildng is advancing with
great strides. and many OF the firms have
orders for year and a year and a half
ahead. In the coal, timber and iron in
dustries the same conditions prevail
Seattle holds high position among
Eastern investors. All OF those who have
made investments In Seattle told me they
were extremely remunerative. and paying
better dividends than similar investments
made by them in any other part OF the
United States"