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Show SIZED ; DPBY A SAGE. Tha Situation in Salt Laka as it Appear' to a Broker Who Has Critically Studied It. IB TEE HANDS OF THE EAILWAY. No local Affair Can Interfere With Ita Steady March and Ultimata Grandeur. "The result of no election whether It reflects the defeat of Gentile, Jew or Mormon can interfere with the ultimate grandeur of Salt Lake City" chimed A prominent banking man who sauntered luto the chambers of the Mining Exchange Ex-change this morning, "and I don't care who preaches to the contrary. A man might just as well try to chock the ebb and flow of the tides as to undertuKo to stop the steady ami irresistible march of Salt Lake City to a magnitude that, must eventually plueo it among the most importunt centers of national commerce. It's all bosh and buncomb to talk about any ordinary local affair exerting an effect on the welfare of the future. The city has reached a period in its growth whore its welfare is entirely in the hands and embrace, of the railroads. It is within their discretion to make nf it a motroii. olis in five years' or to delay it beyond that. We have now got to that position, posi-tion, however, where our commercial importance will dictate to thoiu. The business of the city makes it a point to court and tha courtship will come out in a xealous way. Tho railroads must have Salt Lake and to blossom Into the city for which nature designed it. Salt Lake must have the cordial encouragement encourage-ment of the railroad. The attitude of thn long and short carriers Is upon what Zion is loaning. It is not to be presumed that they will all land here with simultaneous thud, but when they do come you will know they are here, The Denver its Rio Grande and the Atchison, Topeka ft Santa Fe are but the first to ent?or the race. They have sot the pace for the other and in five year you will see, In my judgment, as many independent track running into the city of taints as ther am now running into Denver. No man who ha ever invested a dollar judiciously In this city can lose. It I as safe a deposit as was ever made in a bank.' Tho market may be dull aud apathetic at present, but wa there ever a city in the history of the country that did not go through a similar experience. Thero wa Kama City that in '70 wa commercially pulae-less. pulae-less. Denver spurted and was then by natural anomalies forced to lay back on her oar until the ore of the hill came to hor relief. I remember when the transfer were almost an obsolete ob-solete featuro In the columns of the dally paper. Then cam the riotous boom up In Seattle, and it wa followed by a period of almost utter llfelessnes. Presently the railroad began to . arrive and with them came the redivlvu. It resumed it growth as did Kansas City aud Donver, and judicious investment made many a poor man rich in rental and resources. There l no city on which capital has it eye more fiercely riveted than upon Zlon. Take for example the Eqtiitablo Life Insurance Insur-ance oompaoy that has already had it agent on the ground. In Denver they have purchased a lite and are now put ting up a block at a cost of 1 1,000,000, To this, I believe, the prominent' class ha subscribed a quarter of a million. The company probably would not proceed on to large a scale here at this time but then the very fact that tliny have Salt Lake In view is evidence of the feeling to which I have referred. Of course, we will admit, that th Equitaitle is Investing its surplus, it mighty surplus, in tbi way for advertising purpose. It expect ex-pect to identify itself with thamaUrial welfare of Utah and to then canvat the field. That motive doe not affect tha significance of their move however and if the New York Life does not follow them tha exception will he one of the few that have taken place in their struggle for supremacy. No sir, we have gone too far now to ba crippled by any ordinary local affair. What wa must do though Is to encourage encour-age tha railroads and I believe that In fiva years we will realize all that tbo most sanguine have predicted. |