Salt Lake Herald-Republican | 1915-05-09 | Page 23 | Conditions in State Are Good

I CONDITIONS IN INSTATE INSTATE STATE ARE GOOD GOODJohn John C. C Cutler Says Farmers and Stockmen Are Able to Meet Obligations ONLY SMALL DEALER HIT Plenty of Money Available for All Legitimate Needs of Business Th The small smaIl storekeeper Is the the- theono ono one who seemingly suffered most mt as result of ot the closing down several months ago ngo of or the Ule copper mines mine to half haIr time and tho the running of or tho smelters on a a. corre corresponding corresponding cor cor- re responding schedule Tho The banks of ot Salt Lake report that the farmers oC or Utah and the stockmen are aro In better bettor shape hape than th they thoy have boon for tor the tho past ten years cars Comparative few farmers have havo borrowed from trem tho the banks and those who have have o l kept the Interest paid and arc nrc speedily pa paying off ocr the prin prin- cipal Slog Stockmen kmen n who obtained loans arc taking up tip their notes as fast as the they sell their cattle and the sheep sheep- men men of or the tho state state- have practically liquidated liquidated I dated their Indebtedness as the tho wool clip has been bern selling at a good price I John ohn C C. Cutler president of or tho Deseret De Des Des- I eret National hank bank S says S 'S that financially financial financial- Iv ly all business In Utah Is In good condition condition con con- and that all aU banks in the state with the tho exception of one ono or two are making good Bond mone money The shutting down of the copper copper mines and the cutting of ot the working time at tho the smelters Is I's caused more harm to the small storekeeper and to tC the tho men employed than to anyone anone else els excepting excepting except except- In ing tho the operating companies companies' said Mr Ir Cutler The Tho workmen were thrown out of employment ment and consequently could not really readily get ct work under tho conditions which were brought about abut h by the tho advent of tho the new tion When hen these men wore were without work ork the small storekeeper who advanced ad advanced advanced ad- ad credit ran Into debt and Is hay hav haying hain having I in ing a a hard struggle to keep his hi head above aboe water Tile The small storekeeper Heeds needs money now and to that end the greater part of or the loans ire re now being made The farmers de do deno no not borrow much mane money There Thero are aro more mor 9 than 50 60 percent per percent percent cent of or the farmers who pa pay as the they go o. o and tho those e who have havo borrowed monc money are paying tho the Interest regularly regular regular- ly h and anel are arc also paying of off a part of the principal at regular Intervals Themen Tho The Thomen Thomen men cn engaged In tho the live 1 stock Industry industry are ue up to the minute on their loans an anthey and the they are art practically clear There is plenty of mone money In the tho banks bankA cf t Utah to care for tor all legitimate needs