Show MUCH ONEY Tol I I I 0 m ui BE SPENT rui HERE New Now York Life to Invest Three f w or Four Hundred Thousand Thousand i and Dollars Donars STATEMENT S AT LUNCHEON i PRESIDENT KINGSLEY ENTER BY COMMERCIAL CLUB l I At t a I n yesterday teNa i h y i t tl board bo d of of et the Corni I dub D Darwin P H tey i I tte New Nev York Life announce t his hill Intention 11 0 in j t between n 0 and W In Salt Like LIe real TI e in iii the near flear future falur T Tb i amount h M sid said would bo be b TI n ft 4 b by the company each yc r The luncheon on W vs as II one une of the pr t if ever V T u by the n ii a i club The were dlf td j 1 i Cuver Were tier n laid tai for or fifteen nee Thi lo 10 Pre were ent in m addition W v J Halk Halloran mn president 1 the dub club C S 8 Cre H IT Johnson K n E Miller May John 8 S Fisher S Ira 1 II n Lewis Lew Harry P I Clark l lK K N came cJ A W V Carlson Carison on John Den Dern 1 i E I F Samuel Samue W VeIt and H II L i iL L i T the luncheon Mr Halloran i Who willi presided at t the meeting spoke on ni ii I conditions in Salt SKIt Lake H Ht MW Id I that t there ther was WitS not a It store vacant aM that enough stores could not b bo bb I b to satisfy the demand Mr Hal HalloIn loIn leNn said aid that he had been in business h hi Salt SlUt Lake for years yeara ear and that during thud t time be he had been engaged gared e in fn loan Ilc money He lie declared he had bad never last H II cent on any an of ot these theae loans loens al although though at panic times he lie was some sometimes sometimes times forced to renew the loans loan If during the next five years the prevent building activity were dou Wed be said saki Mr II Halloran Hallon the amount of building done would still be he far short of Gf enough to supply the demand Mayor Bransford reviewed conditions In Salt Lake and spoke of its recent phenomenal growth He told of the improvements Improvement in the past and thoe contemplated In the future He dwelt particularly on the fact that the pepie of Salt Lake owned their own waterworks system now flOW worth 10 ee Mining Industry i iJohn John Jolin Darn Bern gave a brief history hi tory of the t mining industry in Utah He said that all aU v mining miffing districts within eighty miles In every direction tion wen welk we tributary to Salt Lake and that this radius would probably probabLy t ably be extended Mr Ir Bern Dern paid es as especial pedal attention to the thc ore production in inthe inthe inthe 1 the Park City Tintic and BIngham die dl telling of the th amount invested In these mines and the amounts of ore oie production Judge Colborn talked of the ideal gee geo eo situation of Salt Lake its ad advantage advantage vantage antage as a n railroad center and as a aI I distributing point Mr XI Ir Kingsley followed He lie said that I he knew the country and its values He H was raided in western estern Colorado in the Grand craM va He There he said he be had j 1 seen aee ei the time when he lie could purchase tend ad in this hits valley yaney at 15 1 an acre Now it la Ja j selling at 4 M an acre the highest ever paid anywhere for farm ft I Policy i It is the tile p licy of the New York Life Lifer c Mr r Kingsley said sad to invest Inest its funds tm III what t is known as quid liquid assets as ets B Be tad had been beau b 11 called on in the past to Invest Ivest i and Altet expected in ill th the ne near r future to invest for the company The most moat satisfactory in investment vestment vt nt he said was in approved real estate ette t te Such investments eliminated UN tile possibility of any demand being made de on the that it could not meet In real estate State investments th the rate te of 0 interest he said lid was higher and safer ester Sll fer than in any other holdings I have great reat faith in Salt Lake Laker r aid hl Mr r Kingsley Kin and I 1 came to Salt Lak in Ir 11 search of information relative to baking investments here bere I secured the Information I was looking for and andI andt t I can say y authoritatively that the New Ne Life will invest from to Hat iaM in Salt fait Lake Take real estate and tat t very yen soon oon |