Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-06-13
BUMPER CROPS OF
NORTHWEST ASSURE
MORE PROSPERITY
Latest Trade Bulletin of Seattle
Bank Gives Optimistic View
Of Conditions.
SEES GREAT FUTURE AHEAD.
REPORTS from 500 Banks in Four
States Show General Increase
in Production.

in Production.
Washington and other states of the
Pacific Northwest, including Oregon,
Idaho and Montana, are this year
blessed beyond precedent in an abund-
ance of crops, cereals, grains and
fruits which form a guarantee of in
creasing prosperity and continuance of
the business and banking stability
which make this favored section the
envy of the rest of the country. Such
is the opinion gained from the last
trade and crop bulletin of the Seattle
National bank off the press today.
The most important reports contain
ed in the review, as affecting condi-
tions in Washington, are summarized
as follows:
Forward again is the ringing note in
the reports just gathered from the Pa
cific Northwest. We have received
from nearly 500 banks reports cover
ing every county in the state of Mon
tana, Idaho, Washington and Oregon, a
territory running over 1000 miles east
and west, and 700 miles north and
south. The products Of this great do
main cover almost everything which
with few exceptions the reports indi-
cate a great increase in productiveness
is grown in the temperate zone, and
throughout.
Our reports are all from bankers
whom we deem conservative, and con-
servatism is evidenced throughout.
Reference is made constantly to the
earliness for prediction, and to other
local influences, which indicate that
our level-headed friends are not being
carried away by their prospects, but
we seem to read throughout all these
reports of contentment and prosperity,
and endeavor to be fair and calm In
sight of abundance and all the bless
ings that are being showered by ma
ture upon her thrifty and deserving
sons.
The worldwide demand for money
is, we believe, the result OF the de-
mands of progress and improvement,
rather than of any contrary or appre-
hensive feeling, and we make this
statement as repetition of that in our
first letter. We are in daily receipt of
circular letters from valued Eastern
friends which reflect many sharp diff
ferences as to what the future has In
store for us. They are apparently
unanimous on several subjects, one
of these is that liquidation has extend
ed into every line of business. that
merchandise stocks are low, and that
buying is of the most cautious char
acter. Tariff discussion and unsettle'
ment have inoculated the business
world with apprehension, in some
cases of a mild nature, and In other
cases the fever has stronger hold.
We, of the Pacific Coast, would not
nor could wg clai INTO be apart from
the business influences of the East
We do claim, however, that we have
special causes to be more optimistic
The next year or two will see the open
ing of the Panama canal, which viii
cut our roads to our greatest markets
by half or a quarter of their length
1t will bring thousands, even nun
6reds of thousands. of the emigrant'
that we need to develop our resources
bring them here without the confusion
of transshipment which has hitherto
caused the greater portion of them u
settle nearer the Atlantic seaboard ant
bring them at an expense far less thai
they have at present to undergo.
All signs point to the final opening
up of Alaska within the present ad
ministration. Seattle Is the first AM
foremost outlet for Alaska business
and we hesitate to predict the lncreas
in the volume of that business whlcl
must come when Alaskan resources ar
properly set free.
China has awakened and first or al
will turn to the Pacific Coast for trad'
Four hundred million people In Chln
constitute a purchasing power beyoh
the dreams Of avarice.
We repeat that we have specia
causes for optimism which cannot b
Continued on page five.)