The Block Party: Young Married Couples Plot to Buy an Entire City Block in Seattle

That we have abundant capital for all legitimate enterprise goes without saying; a glance at the last statement of the First National bank has coupled with the immense deposits of the Old house of Beeker & Soyer gives evidence of a deposit account between them unequalled by any city of its size on the continent, and when the new national bank was organized a short time since, the capital stock could have been a half million well subscribed. As it was, the stock was all taken instantly, and I fear believe that if the capital had been placed at a half million it would have been subscribed in about 15 minutes.

Why? I know of several who were 'mad as Hades' because they were not let into the new bank, and stormed because the capital was not put at the larger figure, so that they might have placed their capital somewhere, and, as one said, not have it rotting, as he claimed his was, from lack of use.

Ever since the street car company was organized by Messrs. Beat, Seumeister, Reynolds, Holmes and H. E. Johnson—these names being synonyms of probity and strength—there has been a good coordinated rivalry amongst many of our local capitalists to get in on the ground floor of that enterprise, but just as successfully as in the other instance, for, as everybody knows, the above named people knew a good thing when they see it and are possessed of the capital to hold it, which thing they fully intend to do.

Now that that project is afoot, it may be of interest to note that the plan to use steam has given way to an intention to adopt electric motors; and the thing this company intend doing is to place their lines not only on the principal streets, but to extend them to the fair grounds and out to that pretty suburb near the handsome homes of John B. Allen and Miles C. Moore, thus enabling the many who contemplate building homes the coming season to establish them amid surroundings all but perfect, and scenery of incomparable loveliness.

I hear that a half-dozen or so of young married people contemplate purchasing in common an entire block somewhere in the locality named, if the car line extends that far, and all build thereon houses of the very latest styles and description; this is a nice project and it is to be hoped that it will obtain full fruition.