| Show A. AI I I I FINANCIAL A T A iT T Views L Expressed Exp d l by bT Cashier I II I I CONDITIONS s George Security M. M S Cannon Trust o of Salt Company L-iko L I It I t I t l tt t 1 1 Financial conditions are viewed b by different people from the standpoint of the different observers From the national national na na- na viewpoint we have havo never before In our history had hod such enormous trade trado balances In our favor or A few years I i opponents of ot ago as-a when certain political tho Republican party sought to make a campaign cry cr of or tho the appropriations by referring to Cons Congress 88 as the tho billion dollar Speaker n Rood flood od retorted retort retort- ed that this le is a a. billion dollar coun coun- tr try Now ow for the first t l time tho the fiscal year Just ended en shows our exports to have o exceeded our Imports b by a billion dollars And If It the terrible war now raging continues prospects are aro that tho present fiscal year ear will possibly sLow show a balance of trade In our out favor nearer That America Is being enriched enormously enormously enor enor- b by the condition of affairs l la Is duo to two causes First the W war lr caused a n fall In practically practically nil fin stocks and bonds that had been told sold by America to European In- In Millions of dollars of or these stocks were offered for sale by r British and European Investors and have been absorbed b by America frequently at prices only about two thirds a of ot those at ot which they were BI sold abroad Then h en practically everything e pro vvo have haTe sold Bold abroad sinco tho the war var began beg has been beon sold eold at an on advance of 50 SO per cent or more nore above normal prices So that generally gen gen- generally speaking as a 0 ration nation we WI ha have Vo absorbed tho o of or our own stocks 9 and bonds bon s forced upon us at about two- two thirds their value vahto nn and have paid for them In goods and food supplies usually at one and half or more times prices ordinarily received d. d Then a main million millions of dollars spent annually In touring Europe have havo this year been largely larg retained In America and war has done lone what sentiment do do cause do-cause tourists to seemed unable to cause see sec America first Add d to th these theao o conditions Is la n. n most phenomenal yield of ot agricultural products products prod plod enough for tor our own people rind and for or the hungry huntr of less e 8 favored lands If In tho the United States we do not have havo good times limes wo shall nave ourselves alone to blame In Utah tho that have hao worked for national prosperity have specially favored ever every large larbe product of the state Livestock has found n a ready rea malJ market et sheep and orl lambs bringing tho the hl highest heH prices In Its a quarter of or a a. cen con tur tury This Is also true true- of oC wool The sugar Industry which It was feared would be paralyzed h by tho the new v tariff has been lifted b by tho the war to a 0 position tion where the largest dividends di paid In the history of tho tate state t have ho been distributed to stockholders while the acrea acreage o In beets ensures the farmer a 0 ca cash h market marlet for one of his best crops and enables that rotation which is so desirable In Intensive farming The mines and smelters s arc all receiving I In n new w life lire from market conditions and the employees of the tho great copper producers producers producers pro pro- I have been given elven a 0 marked In Increase In- In crease creaso In payroll thus scattering In the prosperity among the worthy w rth producers of or wealth In the these theao o prosperous s times good Judgment judgment Judgment Judg Judg- ment demands elUl that all proceed with prudence and that thrift be lie practised on over every hand But Dut while these twin t of or prosperity are enco encouraged ed tho they should be accompanied by supreme confidence In the future of ot our city our state luto an and our nati n and without ih the cringing fear far that wc uld make cowards cowards cow NW ards ard of us all |
