The Seattle Star Newspaper, January 3, 1925, Page 21

JANUARY 1925, URDAY FORM TREASUREHOUSE ifast Wealth Awaits Coming Development amber of Commerce Working Toward Exploitation of State Assets BY THOMAS HILL, seretary State Development Committes, Seattle Chamber of Comnierce The development of the natural resources of the state is the foundation which is built the entire commercial and industrial structure. ye natural resources provide the raw material from whieh flow pro- mo, manufacture and fabrication, which in turn require transportation dpiridution The potentialities of a state are, therefore, measured accurately by the imiurel resources, when considered in connection with location, climatic s and the other basic factors that enter into making living pleasant MODEL MARKET "PLAGE HERE ve’ Best in United States Is met Opinion of Visitors as what many people sa of publi conducted syste’ ets tn the United State three of th: n the the downtown section, but one is on Pike st, harbor, yet rt city where pedestrians pass 28,080,000 Of the improved area. over 500,000 Farmers’ Market, estab 7, the p a meet the \ and trade. Wagons o: carts are not permitted to stand upon 3 market. The farmers must rent for which at this time they cents per day hese are from the department of health tation of the city. This # them to a table 3x5 4 from six feet to olght t in depth, and the rear of the able for thé storage of t goods. All goods must be brought fresh to the market every day. rs draw by lot for pos! mitted are not p same table 312 farmer: 4 under the pr h @ separate t, giving ea ever, as high ag 450 far draw for position are sometimes ac commodated. Part of the surplus! find reom with a more fortunate | farmer on hia table; others who! aro “out of luck” leave and do not | - | display goods that day, altho not very good, was brought about by the demand of the farmers themselves, as they were willing t¢ gamble for the small investment. At | maximum = 8,647,000 was brought about purpose of expediting vehicu ¢ along Pike place. of Commerce rece sibility avoring to; ——— U the duty FORESTRY The forestry resources of the state uribute one-half of the industrial of Washington, and is there- the most productive single re- of thé state at present. izes its y rehabilitate our fisheries in| MINING | ‘The mineral wealth of the state of | Washington ts unknown. | The annual production of coal and) minerals in the state amounts to Ith etimated that there are 385.-| stout $20,000,000, of which the bulk | M0 feet of merchantable tim-| | coal—about $10,000,000. Handing in Washington while the! y¢ineral production {s comparative cut amounts to approximately |;y small but mining exchange is 9,000 feet. \being developed by the Chamber of Te logging bas proceeded at the Commerce, which, it Is hoped, will | of 160,000 acres a year, | assist in reviving interest in mining | Guriog and development cover! ang in developing this very large fa exceed 19,000 acres @ year. piaeadrée. FISHERIES | When the resources of various! TM fisheries resource of Wosh-|earths, oii, gas, etc, which aro al- and Alaska produces about | most unlimited In this state, are de- - & year. }veloped they will bring about a Uke the forests tt may bs de- | tremendoug Industrial activity. Mwred and unfortunately, by reason | CLIMATE Inadequate protection and propa-| ‘While the climate of the state, the fn the past, it has been serl-/ advantages of which amount to a teduced. resource, cannot be developed, its Bit to lke forestry, the fisheries | usefulness in producing high indus- Me developed to whatever pro-|trial efficiency and delightful living are desired. conditions may be utilized to the | Ths state development department | limit. the Beattio Chamber of Commerce | SCENERY teen giving serious study to the| The scenery of Washington fs a for several years. @ de-| commercial resource and brings hun- it of fisheries at the univer- | dreds of thousands of dollars to the and the st. department of|state every year from those who at Olympia have been de-| come to enjoy it & policy of production and Tho whole state js @ scenic para-| 00 which promises to com: dise. hamber of Commerce. Occupies Its New Home ‘This aystem,! = altangement Designed to Afford Space for| Many Branches of Civic Enterprise Ducted ax one of the finest mutts of its kind in the United Designed to be Seattle's civic head- quarters, the structure is especially ee” Chamber of Com- 7 Ing. already occupied by Battle Chamber, is now nearing The $250,000 edifice, at well adapted for its public functions. |In addition to the business offices of {the Seattle Chamber of Commerce |and other clvie organizations, there * gee rere ave. and Colum-|are spacious halls, conference rooms | 4 notable additon to Se-|and dining rooms for public affairs. sfiranclal district, being among| From the great entrance lobby, cig? MuMental bulldings of| which 1s of exceptional size and The Cham beauty, a ramp leads to an auditor- fs of ner ium seating 400 persons and equipped | { with a stage and motion picture aparatus. The fourth floor 1s almost | entirely given over to public rooms. |t There is a magnificent banquet mall, of Commerce bulld- esque architecture, ecclesiastical struc. italy. The central por- faces Columbla st., five and impressive in. ap- % with Its peaked roof, a Walls contrasted with itive features about te decorat trance modate more than 700 guests. Sev-|t eral smaller dining rooms are avail- able for 200 more. A commodious | L Corea’ the great lounge which, when furnished, will| = eee of reinforced con-|compare favorably with similar | BS Beatie cei, 2 the only building | rooms in the finest clubs, is also on Sitirely faced with cast |this floor. © shades of buff and) Th» entire third floor is occupted by the executive and business offices |of the Seattle Chamber of Commerce. | 1 The free tourist information bureau of the chamber {s in the main lobby | 1 on the first floor. floor, facing Columbia st. are the Merchants’ Exchange and Transportat club, The Seattle) real extate board and the multiple Usting bureau will have offices on | c the fifth floor, The American Asso-~ pus. Bette srerereen state ts sym- in decorative fea, the building. A frieao in ’ mting agriculture and ollows the pediment of At elther side of the Mahon Plumbing & Heating Co. In. stalled the plumbing; P, J. Lavan, two stories high, which can accom-/|the Otis Elevator Co, installed the dreds of millions of people in China, Also on the first |or later they will come into the mar- kot an the world’s greatest consume Seattle | of goods Dr. Steinmetz was answering ques CIVIC BUILDING “COMPLETED Structure Represents Fine Community Spirit CENTER OF ACTIVITIES Beautiful Design Adopted by Architects BY A. J, FISKEN Chairman of the Chamber of Conunerce Building Committes More than 3,000 of the leading k s and professional men of Se jatt > constit the Seattle ch of Commer ave reas to feel proud of the vements, Chamber » thes | Ja | ’ I< o as that f pe building. F building is-—and it is equal to any hamber of commerce bul United States — its re es in the fact t Mathews and Josiah C ‘ When t i n Was reached to bulld a new home for the Chamber of ding committee } was Arny Broderick, € MacDonald, F Arthur Young secretary, and n consisted of 8. ( David Whitcomb man. When the work had progressed to the point of actual construction, an executive committee was formed, consisting of Messra. Younger, Mac- Donald and Fisken, Tho other mem- bers of the original bullding commit. teo « uted the house committee under Herbert Witherspoon as chair- man. { The original bullding commtittes se- lected the southwest corner of Third ave. and Columbia st. as the site for ructure because it was in the heart of Seattle's financial district and because it was possible to lease the ground on favorable terms for a period of 60 years, The corner was leaned from the Balllargeon estate. Then Harlan Thomas and Schack, Young & Myers were selected as the architects. It was early determined that the now building would not bo a commercial structure, but a dis- tinctive Chamber of Commerce bulld- ing, impressive in appearance and de- voted almost entirely to efyie pur poses. We believe that the architects have achieved thin object. The Rom- anesque design of the building is unique among the structures of Se- attle’s business district. The material, pre-cast stone, represents a new de. parture here. The color we believa will prove to be ons of the most pleasing features of the building. Tho building was financed by a bond issue of $200,000, underwritten by Carstens & Earles, and by a spe- clal fund of the Chamber of Com- merce. Tho total cost will be approx- office In the buflding. | These organizations will occupy € KHE SEATTLE STAR GOOD BANKING LAWS | INSURE SAFETY The OFFICERS and TRUSTEES of the WASHINGTON. MUTUAL SAVINGS BANK (Established 35 Years), have always advocated strict laws for savings accounts —the stricter the better. We believe that any banker who objects to strict laws governing savings accounts is not fit to be an officer or director in a bank which accepts savings accounts. We believe that State supervision of banks and banking is important. supervision is not and never can be the cure for bad banking practice. But that State On this point we agree heartily with the well known author, William H. Kniffin, Jr., who has written several books on banking, when he say “Before there can be good supervision, there must be GOOD LAWS to enforce...” “As a preventative measure, good laws on behalf of the SAVINGS ACCOUNT would have helped the very banks which OPPOSED the INTRODUCTION OF SAFEGUARDS.” We believe that every good, conservative banker heartily favors strict savings bank laws, and, conversely, that any banker who opposes such laws, is not a good banker. REMEMBER THIS: You NEVER HEAR OF THE FAILURE OF A MUTUAL SAV- INGS BANK, despite the fact that in New York state and in most of the New Eng- land states, there have been NO OTHER KIND OF SAVINGS BANKS for more than a HUNDRED YEARS. There is only one savings bank law in the State of Washington and that is the one governing MUTUAL SAVINGS BANKS. The Mutual Savings BANK law insures the high character of our directors by pro- viding that no bankrupt can serve as a trustee and no man who takes advantage of an insolvency law or who does not pay his personal judgments within three months, can serve as a director. The Mutual Savings BANK law ficers or Directors. also the only law which prohibits lending to Of- Deposit your savings with ‘‘The Oldest and Largest Strictly Savings Bank in the Pacific Northwest,” namely the Washington Mutual Savings Bank 1101 Second Avenue Established (Cor. 2nd and Spring) 35 Years Assets OFFICERS : vi se F. W. WEST, Vice President HARRY G. BALDWIN Assistant Secretary RAYMOND R. FRAZIER, President ROLLIN SANFORD, Vice President WALTER J. WARD Assistant Secretary WILLIS S. DARROW, Vice President HARRY SHELTON, Secretary HERBERT C. BRYANT Assistant Secretary TRUSTEES fh. G. AMES, Manager Puget Mill Co. RAYMOND R. FRAZIER, President WM. L. RHODES, President Rhodes acne : . WALTER FE, GALBRAITH, Presi- Bros. Company JOHN T. CONDON, Dean of College " ‘ , mpans Ban Ad arte P Washi dent Galbraith & Co., Inc. ROLLIN SANFORD, Vice President of Law, University of Washington >, °"G,. (GILMAN, Vite ,-President, .C, £. VILAS, Investments ee 4 WILLIS S. DARROW, Vice Presi- 1 dent F, B, FINLEY, General Appraiser Great Northern Railway Company WILLIAM A. PETERS, Peters & Powell, Lawyers F. W. WEST, Vice President EUGENE B. FAVI*®, Spokane L. 0. JANECK, Yakima PAGI 5 their new headquarters during Jan-| uary. Tho building, when completed, asked whether ho thought our pres will be declared officially opened with |ent olvilization was due to follow that |about a period of inflation, we cer- edicatory ceremonies in which tho Of Greeco and Roma into decay whole Northwest is expected to par- ticipate, probably about February 1,/¢lvillazation 1s going to pieces, ‘Tho general contractors are the|swered Rounds-Clist company, with offices largely upon your digestion.” much the same with the crop of mis n the Walker building. The Mc he heating; Steel & Phelps had harge of electrical installation while hree elevators. ———__-s-— $$, HERE’S MORE ABOUT t will take time to arouse the hun- ndia and the Far Bast, but sooner ciation of Engieers will also have !ts|tions in the auditorium, Someone loblivion, ‘Whether or not our pres take the stump at this particular sea- | won of the year, pend largely upon the condition of | and commodlty prices similar to what thelr business livers and their con-|has been witnessed on tho stock ex clusions are drawn to a ¢ from the figures on thelr own bal-| will let Nature take its course and ance sheets. le refusing to recognize the better con ditions and pointing only to the in-| hearts equalities existing thruout our own| can’t nation and tt ” unnecessarily hamper develop-jor that, but let us be content with ;ments, stimualte business now and bring nd|tainly will have a severe reaction in nt | 1926, beeause the great readjustment n-| period following the world war has very | not yet been completed. Certain tn. It is: dustries and sections have been thor oly who | and gec “I should feel very badly to see ‘Their findings de- | any den spurt in general business MANY MIRRORS WASHINGTON, D. C., Jan The department of commerce an-| nounces that, according to the data collected at the biennial cendus of manufactures, the establish-| ments engaged pi arily in the man-/ ufacture of mirrors, framed and un-/| |framed, reported producty valued at} $33,507,973, an increase of 100.2 per) cont, as compared with $16,739,546 in | 1921, tho last preceding census year. | In addition, mirrors are manufac- | the doctor, ‘depends Printing Press Specialists Haneous business prophets Phone GA rfld-2090 1235 Westlake Ave, No., Seattle at extent| change, On the other hand, if we the readjustment which is pow “Many financial writers are pooh-|about 75 per cent completed, rum its J. M. Gauntlett & Co. poohing forelgn competition and sa® | course, then we can giadually enter |tUred to some extent as secondary | BABSON ing only the improved conditions in| into a period of prosperity which | Products by establishmenty engaged this country and other nations of the | should last us for some time. If so, ai rates ie other nue bat The! v 3 u a jworld, They are preaching a great 11925 will become # year of stabiliza- | Value o 16 mirrors thus made out l STARTS ON PAGE 1 bull year for 1925. ‘Then we bave|tion, a when wages could be | #!do the industry proper in 1921 was A ( GOERI G |the other group which Js pessimistic. stabilized, investments stabilized, $1,053,387, an amount equal to 6.3 per e e cent of the total value of products reported for the industry fied, prices @tabilized ana, most of all, the stablitzed, Therefore, tabilization’ the as classi-| The corresponding value for | is not yet been ascertained, but | EXCAVATING CONTRACTOR uout the world as a| watchword for 1926 whole. This group ix pessimistic as| “Let us forget the bull markets and in the final report of to 1 Personally, I belfeve that|the bear markets,” concluded Mr, | the prese: sus, A POLICY FOR 15 1925 is a year when we should all let| Babson. “Let us eto try to arti ee PRY ‘ years ago at o immer Nature take its course and nelther|ficially stimulate ot artificially de- have completed in a natural the PHONE EL jot onference at Babson Park, the late tificially stimulate the situation | pres Let us not try to prove this| great readjustment period and be ROOM 300 PANTAGES BLDG. preparing gre If we attempt artificially to) the middle of the road. Then we shall! of real prosperity another period | SEATTLE