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Show HIE SALT LAKE TRIBUNesUN 12 Deseret National bank; Henry H. blood, president Kaysvtlie Canning names Banking director corporation, company of Kaysvllle atnl Clearfield Stats Cutler, bank, Hearfleld, Utah; Heber 8, Ashton-Jenkimanager safe deposit vaults, H. KIley; Koysl company; John O. Barnes, assistant cashier Desoret .National bank; Orvlllt W. Cutler. , DAY MORNING, .MARCH 14,. 1920. director SHITH-FUTCH- EB HIE CONGRESS Story of the The ASKS DIG FI Problem for Sugar Industry. President W. L. Petrlkln of tho Great Western Sugar company of Denver, who le th Salt Lak for a few days on business, said yesterday that his company Pub- Con Before Now Measure expects this year to get a full acreage Need of beets. The contracts from the grow, ere, he said, are coming Into the company Become lie officea rapidly, with indications that are moat favorable. In view of tho drought last year, the . Policy. worst experlsnced In thirty years In ths Great Western does not expect an acreage equal to that of last year because of tho poor condition much of the was left In by the drought, according Banks soli Havp lo Mr. Petrlkln. This condition. Mr. Petrlkln anticipates, will hold regardless of the market prices of all crops. Direction, The sugar Induatrv as a whola, he eald, both frem a manufacturing and an agriMen. cultural viewpoint. Is facing the greatest Direction Th! speculative period In Its history. Mr. Petrlkln said. Is due principally to the fact that the Industry Is now facing costs both for Its agrlcpltural of public The need of a Of all the bill which hav been pra- - highest work and Its manufacturing, this In the works to direct department federal engineering tented to oongre to moot th demand of face of a proltably for market receding of a broad con-a- sugar. the' west for projects was never more Imperative, says the American Mining Congress Journal, active ItglBlathe policy toward Offer Packard Poods. and there has never been a time so opmat Ion, Irrigation and drnhiftg project a f now untonantod lands, the Smith Tbs Palmer Bond and Mortgage com- portune for presentation to tha congress moasura t reviving probably pany venter-daannounced Ha participa- of ths United Elates of the claim of the attention. the rioseet tion In an Issue of T rent preferred Trovinlona of the bill would apply nol slock of the PackardperMotor company. mining and engineering Industrie for enon I? to the weatern land uLJit to lands The Issue totals $13,223,500, and the com- larged recognition In the administration but to eastern and aoutbern The of the affa'rs of the nation. pany has assets of $.'8,715,503.24. which can be reclaimed by diainage Issue I, offered locally at 196 to yield The war created many new conditions, and other method of bringing t .37 per cent. The of these useful new lands which are bonds will be used to proceeds agricultural a note many new and valuable phases Issue developed retire now idle. , of ths mining Industry and proved conand to for additional ImproveThe essential feature of the meaure ments. provide the nation must at all times The that the clusively company that row before congress, known ns senate bill demand now indicate., a report, .absorp-io- ii depend for Imsic supplies upon the mincomplete 'u, 382, call for the cooperation and Ha capacity production, and plans eral, coal und oil prodmeri of America of credit of the Initod States, the cooperanow undrr wnv will give It a 60 per cent industrially, financially and s.r,itical-ltion of the individual states through or Increase fur 1921 the mining Industry us a whole is the of land owners under the ganlxattoiiM o! ectlvij American tmJutn greatest of in the the and cocpetatlon piojerta, and nucoml In impoitama not ccn to AJden Company Organized. pllblb. fond , siting production. It proposes that all rec.imation project The Alden Transportation company of Tho United fttate-- bureau of mine. os be placed on an intreaM Ing basis, and Ogden, with an authorised capital an (Ion now constitut'd, was brought into Lie hv that the nubile retenues to be used shall of $20,000, In $10 shsres, filed copies of tho effort of tho American Mining con-gb.i expended only during the construction Its articles of Incorporation with the secWhen the bureau was created It period of the project. M. 8. Alden would havs been impossible to have seof state yeslerday. F TIIE monthly production of the Utah The measure would place the financial retary Is president; J. B. Grace, vice president; cured the pANsago of a law creating a Provision for reclamation projects in the Andrew Ashton, treasurer: J. R with mines of Oil Refining Company i, 000, 000 gal Hailey department representation hands Of the federal farm loan bAnka, and H. O additional, directors; in ths cabinet, but the development of which would conduct the entire financial Mary Duffy, Klenke, j necas-1tears two lons of oil each month were put in the the have shown , secretary. pant arrangements for the projects, and which a a a to the mining Industry of having an would lend to project the weight of its one-half inches Indorse Beet Contract. gallon cans independent creative organization with eight and name and the value of its close federal powers of initiative, which could present and fiscal supervision. Indorsement of the boot contract ap- its in length and those cans stood end to end direct to the president and have plans proved by the Utah state farm bureau and the benefit of executive action haxd on No Burden on Taxpayer. the Ittah-ld'ihHuger company was voted a complete knowledge of all facts inthey would form a line 538 miles long! The bill, as first presented, called for yesterday ofafternoon at a meeting of the volved. rather than a bureau do' old of directors Halt the Lake farm ImuhIs to of of the itnolf and dependent couhty direct obligation tbs issue power expres bureau held In the city and county buildupon the final decision of a depart mental government, but recent statement of the ing. Such is. the volume of business done by of the treasury and by member who may not have comprehensive head secretary The directors determined, also, that tha Information of the real Issues nor the Of congress, have indicated nearly thrft And the this . intermountain refinery. organization will cooperate with tho sugar time In which to become familiar the provision would be eliminated. now that the contract question As explained by L A. Milner, president ompanj of been this has possible s settled, and will send field men from company growth f the Milner corporation which has ex tensive reclamation interests and which the local bureaus to assist ths agents of Scope of Mining Widens. it 8 products have been high in because only the In beet company signing up acreage. has for many pioneered In the field of clean-u- p It has also been shown oonclu-- h el . we week In . of reclamation jeara enterprises, the Mil would thsIndorsement quality and its service complete. countv, from April 12 to 17. was voted believe, that the enlarged developments impose absolutely no burden upon tho and a are of of the mines of America tho school boards requisite support county taipayer. The beneficiaries of a project would be the ones to pay the costs neces- and heakli department pledged toward to the further development of peaceOur foremost thought has always been to sary to install if. The fiacAt arrange- making the campaign of the week ef- time commerce througnout the nation. bv A movement Is now on foot, fostered it is to be made especially ments offer tlic soundest general scheme fective. we deadlv against files. One meana will bo eminent engineers, who. believe, are supply the western market with pure lubriyot presented, working in direct cooperation with the federal reserve system A I he free distribution of powdered borax thoroughly sincere In their desire, to recants, and irrespective of how far our dis- well aa the farm loan banks, and the fart for applha'lon to be used in localities organize the department of the Interior and to establish a "department of works," of the governments close supervision where files breed, the powder being a sadInto which department shall be transO'dr tho projects through the reclamation ly tu the larvae of tha fly. a ferred the bureau of mines and Jhe sendee and its fiscal agents, the sound ness of ery project would be guaranteed Sues to Recover on Koto. geological ruiN ey. The American Mining congie.se strongbefore undertaken. Pulls lo recover on noise of $300 each, ly favors the rstahllsl.im nt of inch govThe secretary of the interior Is made have lo been In alleged given purenase ernmental agency as will coordinate the ths executive officer for carrying out the of stock In asatcii the Farm of the and of construction works company, hi the and bill, public provisions through were filed jesteriiay In the Third die. ernment. for there Is ample ri anon govfur agents would be enabled to enter into concourt trlct the National Bank of by the we wish to call such organization, but tracts with states or with private corporato tions and individuals for the execution of Republic against James B. Wallis, Btrihg-hathe fact that attention very S. Elevens, Glenn D. Grant and K. E. the transfer of positively the bureau of fntne.s and projects. The land under n project would Brazier while Ashby 8. Thatchsr is made the geological aurvev to a new first be organized Into a district, it plan In two actions, each for would be no Improvement upon department the situapresented to the secretary, and, upon ap- the defendant of $300. tion as It now exists and would continue proval, bonds to cover tho necessary costs recovery The complaint sets forth that the notes to prevent a definite expression of the of construction would be issued. These bonds Would bo taken o'er by the federal were placed with the bank as security needs of the mining industry In adminfarm loan banks, and. In turn, when the for loans, ths stock being pledged as co- istrative affalra. land had reached an appraised value twice llateral. The bank now asks Judgment the amount of the londs. tho farm loan forcing pajment or giving It right to the Need of Department Shown. banks would be empowered to issue to In- collateral security. Geological investigation and metallurgivestors farm loan bank bonds. cal research have no special relation to Weber County Taxes. and harbor Hnprov eniet'pi. Irrigariver Plenty of Money to Start. Weber county yesterday turned over to tion systems nor the construction of pubTh original funds, to be used as a re- Daniel O. I. arson, state treasurer. $87,000 lic buildings. These engineering activities volving fund, would be those obtained state and stale school taxes and $3000 of the government should be brought thronah tho sale of public lands, through state road taxes, a final payment of the Into more hafmouliuis working relations, tho operation of the minerals land leasing 1019 tax collections in that county due but It does nor follow that such organizabill, and through other sources from whi7h to the state. tion shall lie represented In the cabinet th reclamation fund has drawn its revebecause Its problems are technical and do nues In the past. Mr. Milner pointed out not require the application of the disMerchants File Statements. that requirements under the provisions of on cretionary powers of the proqdent. While the state board of equalisation the bill do not In any way make necessary the other hand, the development of minand assessment ha required merchant or desirable a bond Issue by the governvailed presents ing problems extremely ment. which would serve only to create of lTtah to file with it sworn statement and comprehensive. The executive disfurther Inflation of an already critically of the value of their stock on hand a cretion Is frequently exercised, and the d expanded money altuation, saying that the of January 1, this year, this doe not president should have informapresent funds in the reclamation fund, mean that this property will be assessed tion of a confidential adviser who has Inon 1340 Level the anticipated increments from various by the state board, it was announced yeswell as theoretical hs practical knowledge Deposit The property must, under the of sources, would provide an ample revolving terday. everv condition underlying the problaw. bo assessed by th county assessors lems calling for solution. fund to start with. Forspects The bills provisions call for the com- a it haa been in the past. The state The mining Industry is strong enough board has supervisory power over this to stand pletion of the payment, for the construe Its own feel, to declare upon tloa costs within a comparatively short work and asked for the data for that Its desires In this matter and to Insist Possibilities. merly Region. time, and ths return of sufficient revenue purpose. upon occupying a position commensurate within a few years to make poeslble the with the Importance of the industry. etart of further projects. Coal Company Flans Ritlroad. - Mr. Milner pointed to the close connec-tlo- tf Ths fiilver district, situated thirty-fivThere Is no question but what the reAnnouncement hag been mads by the there would be between the farm National Coal company of a coming Issue loan banga, the department of tho Interior cent strike in the property of the Vicmiles directly north of Yuma, In of $600,000 first mortgage bonds, the and other governmental agencies as pro- toria company la an Important one, says Ariz., has large possibilities with proper of which will be used proceeds for the assurance for a fiscal elasticity vldlng the Eureka Reporter. The large drift has development, according to John F. and a financial soundness that would construction of a railroad from the comproperty In Carbon countyHto the been driven Into the ore for a distance placa the whole question of reclamation pany's Cowan, local mining man, who returned Utah railway. upon a thoroughly stable baste. of over ninety feet, and Superintendent The National Coal company was incorfrom a visit to the mine of the disThe present situation calls for a reOwens Is now making arrangements for duction of government obligations, Mr. porated in January and took over the trict recently. In the 'SO a this district In of the Milner said, and a revision downward of holdings of ths National Fuel company, work the prestoping, putting was seen of considerable activity? the th excess profits taxes, rather than an which consisted of approximately 1223 under timbers way. being liminary Issue of government bonds, or a "pork acres of coal lands. The state securities f barrel" has granted the company perDuring the past week Manager Imer With tbe decrease in tht price of the method of legislating for recla- commission mission to dispose of its bonds. Pett of the Eagle a Blue Bell and the white metal, this activity gradually demation. The bill seems to offer a solution, and Its passage la now bvThe stock In the company is held largely mines was In the district and clined until the mines were virtually Victoria Salt Lake interest s, th capitalisation beinf urged by the x western conference inspected the' Vtctorta strike for the first abandoned tut for sporadic and unsucbeing $1,260,000 In $1 shares. The offiBell Coni' Blue & to governor, represented in Washington by cers are F. A. Sweet, president; C. N. time. While he had not been at the mines cessful attempt to make them producformer Governor William Spry, by the Strevell. ylce president, and George S. southern land reclamation and settlefor several weeks, owing to the Influ? tive. secretary-treasure- r. Payne, mence ment bureau of the southern commercial enza quarantine, he had kept In close a a a Now, with the present excellent fucongress, by officials high In the governtouch with the work, but was somewhat ture Panama Prospect Improve. ment. and manv others interested of silver, thi district with its large In of course. greatly pleased and. 2000-fosurprised Level. on placing the reclamation of lands on a J. T. In his report to the dion account of the size and richness of deposits of silver ore should be again broad constructive basis that will admit rectors Edwards, of the Panama Sugar He productive of large amounts of the the new discovery in the Victoria. of Intelligent development. The Amer- stock In which is largely held company, declares ths find Is the white metal, according to Mr. Cowan. unhesitatingly by Salt ican Legion legislative committee has Lake Interests, calls In of the most to the mine, The geology of the formation is favorthe history Indorsed (he provision of ths hill which rapid progress made in attention Several month aco the Eagle A Blue and ofImportant the development Bell course It means a heavier producable to the opinion that the minrail for the granting of preferences in the of the equipment and agricultural people, According to the Eureka tion from the Victoria. area should be extensive and pereralization projects under the bill to men of the company in the province of Chiriqui, Reporter, started a campaign of work in these the As stated columns, on the mine's deepest le'el, the 200, this ore Isalready sistent to depth. Three large veins Panama. Mr. Edwards has recently rea wlnse through developed being turned from an inspection of the company prospecting being stopped on account of which was sunk to a depth of sixty feet traverse the formation in a general Idaho Bank Gets Charter. a scarcity of mine labor, but. according below' the 1280. The piece of development north-soutproperty. direction. One of these is WASHINGTON, March 13. The treasin his report he mentions the approachSuperintendent William Owefia, conwork which resulted In the discovery a rhyolite andtsite contact vein, the ury department today issued a charter ing completion of th railroad, the ditions have now Improved and tbduv had some wav under been for months middle xcin is in the andesite and the newly work was resumed. The drift on the 20o the First National bank of Mackav, finished and the plans for the level and was handled through the Eagle. Mr. T contact vein Idaho, capitalized at $25,000. 8. L Reece mill nowwharfage a rhvolita-oranitwa a cutting through promising look-i- n Gwens In the course of construction. ore Indications on their... his first got is president and E. ore occurs in a cashier. He said: "One need not question the proquart when operations were suspend1281 level and opened the commercial I ed and at officers that the mine, ' duction of cane by looking ovey what has point in proditc after he had sunk a distance of vein filling. of the company are hiah'v pleased be- about Seed lor Tanners. been grown on the fertile land which w Upon these fissures are situated the sixty feet A total of ninety feet will now he aMe to continue of cause In own they the of diwas to province has failed disclose Uhtrlqul. the Officials of the Utah Flax Products drifting Clipp, the Remnant, the Papagos, the much pleased with the cane fields as with development plana made some time mensions of the ore deposit. company have made provision to obtain very Red Cloud, the Black Rock, the Glance, other Work that has been bark. next we week no can, fiax seed for planting by the farmers of well as with Commencing tlio 2W)0 level of the Fnple should be doubt, The Guya, tho James Q. Blaine and the done by our manager. I was very much a ore about carload of Halt Lake and Davis county this expect dally McCloud mines. From these In impressed as to the future brought into' the product!' e staice with from thla properties of new and when prospects a desire to begin the building up year strike, the later, of the company ind with ths bright outlook but a small amount of work There is deposit is tapped from the lower level, considerable high grade is said to have Industry In the state. It is pointed out the doubt about the ore extending for ahlch but little will for which come large profits in been Is the a drift surely days by boat was early shipped flax being driven, first grown in Utah In 1852 purjiose tiat that depth; in fact. It Is about as near a much larger and that the possibilities of the Industry from th growth and development of our ato cinch tonnage can be expected, down the Colorado river, to the Gulf of be In tne mining as can anvthlng plantation." are large. Cape California, and thence around game, and unless conditions are entirely The West Side Commercial club Is arrHorn to Swansea, Wales. At present, different from those in other properties LEHI anging for a meeting of farmers in phi meet of the old workings are BEGUN of the district the or should continue third week of March to have below the water level, which In the Eagle CROSS BREAK although TO itineeesxible, there is considerable ore to them the possibilities of flax explained AT STANDARD Is "JA feet from the surface. grow ing iu with- the anticipation sight. At the Red Cloud there is that tnknv wlli General underground conditions are exfrom 25,000 to 30.000 tons of low grade has been While there but plant Similar meetings wijCbe he'd at little to the & very Eagle In order to speed development at the ceptionally satisfactory A sampling made of tho Murray and In Davis countv In the near Blue Bell, according to Manager Bett. news from the property dur- exposed. future, according to Heber 8. Cutler, who North Ptantlsrd mine, the management Is who was here this week, and the mine ore treated by the dry wnfh frtm week the is acit few past ing of stated, the number Increasing as is promoting the company. employees to have a very successful year. process by Mexicans several years ago, cording to the Eufbka Reporter, on showed The company is working on two plans fast as compatible with economical devel- ought iif average of sixteen ounces of opment. according to a report received for financing, 'one of which will be good authority that tho work ia going fri.m the mine by John Dorlus RAILROAD silver and two per rent lead, accordfine in. At eented for the approval of the state pre the BUILDING shape. along point se yesterday secretary and treasurer. Inasmuch as curl ties commission, and when the comwhere the first important break wa ing to Mr. Cowan. A sampling 'of ihe men operating In both faces of mission passes upon Us application th machine rough qre screened out from the fine" DELAYED BY STORM encountered, and where some lead ore showed drift the tha east. west along crossbreak actual financing of the project thirteen ounces of silver and 5 on a large farthest north from tha abaft have teen was found, miner are busy Scale be started. lead. cent per some more to able and bebreak ore rock than ia can conW be X. ahinping 'Robert It Is 'he desire of the men Interested Surrtntndnt The deepest n ining in the district i i saved. Manager Znbriakie. howIn the organization of tho company to veniently handled In these places, drifting fcoordlnir to th Eureka nporttr. Hiat th ing f.rst crossbreak encountered In new loading platform ha ben ever. is devoting most of hi attention done at the Red Cloud property, wheru, proceed with an orderly, conservative along thnorth from tha shaft has been benear the portal of the Iron King tunnel, to the drift which ia being extended upon the hanging wall of the vtin, a development of tRax Industry In Utah driving gun. By alternating drilling operations, and that hl company wi l he ready to t wa aunk to the and he states that an- slii-f- t levj according to Mr. Cutler. Former inter- drifting In thsee places to cut Interseccommence the hlpment of iron ore fut a along the break, ests which have endeavored to get the tions of east-wehundred feet of work should take Althcugh tho vein waa never crosscut, other cross north-sout- h breske with noon are a on rail down the the put 10 down to Industry under way have discontinued the considerable striping face It being prosecuted. to of this drift fissures t the In Tap, of the railroad which point where level waa dona, borne 'or was milled to m?rre th according to ifr. Cutler, and too tnter-et- a the last drift begun on the cross break e property. A fw weeks ago the mllroatf an important ore depoait should of these organizations have been nearest the shaft, the mineralisation Is work wa moving along o emoothfv that found the intersection of two breaks. from open euta. A sampling cf ore given to the Utah Flax Products com-pa- even more promising than In ths drift It looked in an (pen cot upon- tho vein, fe to predict the completion of the crossbreak from farthest along tha which measure from fifty to aixty feet the job before March 10. but storms ame The following men are perfecting the abaft. RUMMAGE SALE in thla first crotsbreak Drifting and delayed the construction of the showed 6 from wall to cent organization plans: Edward E. Jenkins will be continued until an Intersection wltf along ehufeh. Eleventh lead and nine wall, of silver. per Iron King's brarch of the ltn. Third Pres'uvterlan president A dinorth-sout- h company been a fissure hse reached. Seventeenth Bnuth. Iron of the East Marsh Frldav, Knfr Development rector Deseret National bank; Joshua property In the drift along the vs Mr. Robert, 1. from 2 to t P m. is progressing tike v. ( Advertisement. ) . At the James G. Blaine, extensive opGreenwood, president Utah s'ate utilities eration evidently were conducted in farthest from the shaft the forms operation on under the carr!d he'ng. eommielon;o Thomas R. .Cutler, vli pres. tlon, consisting of a quartz showing conmost favorehT enm'-or:Thie prepay F.ofes Rnsee Roses. Just arrived. the early dava, accoMig to Mr. C(wan.Msnt Kucar company; James s ilerahie Iron and manganese. Is of mce. is be!n dcvrlored on two lev! and w.th Bi!ey A Hons Co., 67 E. 2nd Po.. Wss. Reports state t.i.it properv proA, JIci le. prts.dpr.f De'ta State bank. favnrabe appearance, it Is said. condition exceptional! worn sng. 76' (AMvertiscmont.) c'need fiom $ l.fi'ifl.OOn to iCHK'.'H'". A OILS of Department of Work Ha grets Provides for Real Reclamation Imperative. Colo-rado- Federal Project Mut Say Expert Technical Federal Farm Loan Would Have Financial of Projects. 5? ras PU: tJ 6 Mfe allon reola-nmth- proj-W'- ta y r. y o . Py OUTLOOK BETTE1 OSS GOOD FUTURE first-han- Ha Salt Lake Mining Man Properties of Appearance of Great Productive 8mlth-Fletch- of western dealers. Yieo Motor Oil and Simplex Ford Motor Oil are xltah products that rank with the best oils being produced anywhere in the In fact, these pure paraffin base world. oils have proVed by analysis and test their quality is uuequaled. Our refining plant also can be compared with the best that have ever been eonstruct-ed- , anti our process includes every modern' and scientific principle devised for the refining of pure lubricants. CTfTO SALT LAKE CITY m if tribution may spread, it is our purpose always to be in a position to meet tbe needs er Eagle sampling of the tailings dump, with an estimated tonnage of from 23, OIK) to 30,00 tons, made uv Mr. Cowan, showed an average of nito ounces of silver In i)ie opinion of .Mr. 'owan, large bodte.- - of a good grade of milling ore could be developed in the different mines of the district with the possibilmight ity that considerable To make operation be oKountered. profitable, a reduction plant would have to be built at one of the centrally located properties, power brought a dismile from the tance of twenty-onOwens river line, which runs to the Imperial vallev, and water pumped from the Colorado river to the plant. Transportation facilities are good. An excellent road connects the various The nearest railroad point prouerties. is Potholes, the terminal of the line built front tbe main line of the Southern Pacific railroad to the Laguna dam. built by the United States. From here the distance by boat to tbe mines is but a few miles. Dr. F. Moormeister of Salt Lake, E. Moormcister, and Paul Kimball, formerly Utah mine operator, are heavily interested in the properties of the district. Upon the Saxon property, which has been acquired by the Black Eagle Mining company, a corporation organized bv Dr. Moormeister and associates, several promising showings have been opened up near the surface. high-grad- e GOQD HEADWAY MADE AT TINTIC TUNNEL the Tintie Drain Tunnel operations, reports, according to the Eureka Keporter, that the big tunnel is going ahead at the usual s(ieed, with the drills poudd-inaway something over four thousand feet from the portal. The tunnel waa delayed to some extent last month, owing to th influenza epidemic, which kept a number of the force from their work, but the miners are making great headway now. The Rubv shaft, which is a part of Jesse Knight s drain tunnel projeet, now has a depth of over 400 feet, and it is stated that the flow of surface water, encountered during the earlier stages of the work, is decreasing and promises to give but little trouble In the future. . Poor, but Proud. The Judy "So you claim you robbed that delicatessen store because you were starving? Why didnt you take something to oat, Instead of stealing the cash out of the register? The Accused vUause I'm a proud isn. Judge, an I make It a rule to pay for everything I eat.- - London Blighty. Operations Again ot e calcite-manganes- 1 TINTIC DRIFTS BIG ANOTHER DRIFT NORTH - Lchi-Tinti- tr.il-ing- e aingle-iaeking,- a-t- 400-foo- it st a ( Henry Barney, who is in charge of Greatest Business Buy c This fine piece of central business property is situate at 120 to 128 East Second 8011th, and consists of three stores, a boarding house and a brick terrace, and the ground fronts 67.57 feet on East Second South street by a depth of 130 feet along Floral avenue a nice little street running through to Broadway. This property is offered at th ridiculously low pries of 848.00 psr front foot, or 44,900. It is worth $950.00 per foot on a cash basis, and ground of ths same character directly sonth fronting on Broadway la now held at 1250.00 to 1400 per foot, and Broadway is not so well built up in business buildings east of State street to Fifthnearly East as is East Second South. two-famil- y This property is situated only 163 feet from tho most prominent comer of State street, and exactly one block from the rear of ths twenty-storWalker skyscraper. The same distance west of said Walker Bank on Second street South there Is no building property held ss low as 1400.00 per foot therefor, would it he at all strange if ths property we are offering would aoon go to that t price? Indeed not when it 's considered that there are easily three buildings built east in the business section whera one is built west cf m.i of Main str and, as years 2 on, this will be emphasized in a still greater degree. This property can be purchased on a payment of 9900.00 dowr) and assume the mortgage debt now on the property of 35,000.00 at 6Vi per cent interest. y 1400.00-per-foo- The stores, terraces and rooming house on this property rent for Deduct taxes jr I i,2o.0 720.00 And there Is a net of ..1560.00 Or almost exactly four (4) per cent on the whole 44,900.00,.f.the cut price for Quick sale. This is as good a rate as certificate of present deposit would bear, while the principal IS ABSOLUTELY CERTAIN TO AT LEAST DOUBLE IN A FEW YEARS. You are invited to call at our office Monday and see the fine plan for a four-storbusiness block for this site that will pay cent net in rents. lper - east-we- st cross-brea- - Uteh-Idaji1 9 iIORIIISGSTAB-VOClIE- R . tis 159 INVESTMENT BANKERS South Main (Ground Floor.) liiv. CO. Rhone Was. 271. NT |