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Show vS PROSPERITY OF THE STATE OF UTAH ; I - f. j I Mines All in Good Shape Outlook for New Year 1 Very Prosperous. , ; L; .(Written for Intermountain Catholic.) , ; ;;' The principal feature in the business j ' I. world during the past year was the i ' ' ) squeezing out of the water from the "Wall street ptocks. This? process continued con-tinued steadily during the entire ar, ; end still goes on. Such a process twen- j ty years ago, or even ten years ago, would have caused a disastrous finan- ; I cial and industrial panic throughout the - country. But nowadays things are dif- ferently balanced. Wall street has been relegated to the same pphere as i j. 'the Chicago board of trade, the New I Orleans cotton exchange and other I stock exchanges. Inflation of stock ; i values, and the consequent reaction. ;t ' affect only professional traders and ' scattered investors who were trying to ' et rich quick. , j -Actual business? throughout the country coun-try has kept up in volume almost to the . joint of the previous year, and in many cine railway have added to the -material growth of that thriving city whilst its population has largely ' increased. Here, too, the first movement for the establishment of "iron wks,lias been projected. It's live citizens are always the first in the state to anticipate a good business investment, and more than once has their laudable pride been rewarded. Park City, which is entirely confined to mining enterprise, has more than kept pace with its growth during the past year. New mines have been opened and made productive. The development de-velopment of the old mines, which have for years enriched the state, are carried car-ried on more successfully during the past year than in any other. The monthly dividends brought cheer to many happy homes, whilst the large monthly payrole made Park City the most . prosperous mining camp in the west. 7'. . -Z ' i' Tintichfdistrlct; embracing a large area, Iwhieh Includes Eureka and Silver Sil-ver City, hasirendered its quota to the material-growth of th state. Its mine's are all i a line shape, and the steady output' of rich ores prove that the. hidden hid-den treasures ;.pf Eureka and Silver City "are on a' lasting basis. Stateline, -which is about 300 miles south of. Salt Lake City, and sixteen miles from .the Los Angeles, San Pedro & Salt -Lake railroad? is one of the great prospective mining camps in the state., . Its great mine1 the Johnny is already on a paying . basis, and will soon "'be :one of the - dividend-paying mines of Utah. Its principal owners are Salt "Lake capitalists. Fortunate for the owners the mill and mine are under.'. the superintendency of an experienced ex-perienced miner, whose judgment as a mining expert in Colorado, De Lamar and other mining districts won for him the confidence of capitalists who stood ready to invest when his conservative opinion endorsed any enterprise. The great success of the Johnny mine is due to i Pat Sheehan. - Bingham still retains its old reputation reputa-tion of supplying the smelters south of Salt Lake from its immense deposits of j. i St. JOSEPH'S CHURCH, OGDEN. respects ahead of it. Manufacturing f has slowed down somewhat, for the rea- son that the abnormal demand follow-. follow-. ing on the period of depression had been largely satisfied, and manufacturers were careful not to over-produce. Some . . ? large factories in the east have shut down entirely, and others have reduced v. ages. No disastrous results have fol-" fol-" lowed this course, however, and it is regarded merely as a shortening of saiL ' It is better to slow up in time than to J go ahead full speed to a disastrous I crash. f The general conditions above men- f . ; lioned do not affect Utah particularly. I i If Utah were fenced in from the world a he could produce plenty to support I her population, and her mines would t-ot n make her people the richest the "world has ever sen. During the past I year the- production of precious metals f h.is been greater than ever before, by ! several millions. The production of ore ; per capita in Utah is several times as ; 5 great us- any state in the Union. This I productioiii goes right "along, whether J Wi.ll street stocks are up or down. I Farming has born profitable, the prin- ' ip.il product beintr sugar beets. A 1 yi-1-1 f JK'O per acre in beets is very . i'r.imii;i. and'it is a,si!y st-n that such results mea-i plenty of money for the fp.vmcr. ' The rrtKr.Pcts for Utah during i the coining vear are exceplionally bright. There has been no excitement or ir.niion of values here, and consequently conse-quently there c:m be o reaction. There are two lines cf railway under actual cor.stru lion to the city of Halt Lake, , one fr.m California and the other from Colorado. A Ihird line, from California., Califor-nia., is radically assured. The im-j im-j ; ; mense iron deposits in southern Utah, ; . constituting onc-f ;,urth of the entire j visible supply of iron in the world, are about to be actively developed, and. as there ;u-e unlimited fields of the right kind, of coal in the vic inity, there is no reason why a large iron plant would not 7e successful. The strike of the coal miners is practically Fettled and no fur-ther fur-ther danger is apprehended from that i source. With plenty of room for new j people, plenty for Vhem to do, and I ' plenty of opportunities for making money, it is reasonable to expect a 1 ; : i -ontinuance of the growth of Utah on I v ' a soli! and substantial basis, i I ; I The material growth extends through out the tntire state. In Ogden the new improvements of the Southern Fa- t t ; : I' f ; (li ' :" ' ' im jft . -. ST. MARY'S CATHEDRAL. ' ' SCRED HHAS.T ACADEMY OGDEN. ' ,7 ' '- . ... ... i 1 J lead and silver, whilst. Its copper mines I arc- assuming gigantic proportions. Its prosperity has been greater during the (past year tham in any' previous year, making it what it. was. termed in the '70s the Old Reliable. , Other mining districts are springing up in the different partsof the state, and will during thi present year add to the prosperity of the state. Stockton, Stock-ton, Mercur and Fay deserve special mention, Whilst Alta, Jhe home of the famous Emma mine, may yet astonish old miners. The happiest thought con-rected con-rected with our goldv silver, lad and copper mines at thi opening of tfte new-year new-year is, that there has been no strike in any of the great mining camps. Mjy that harmonious feeling and good wiil reign and continue for 1904 are the gieetings of The Intermountain Catho-lis Catho-lis to the state of Utah.' " . |