Show JUNE CULU1 RtTURNSI CHICAGOANS SAY SALT LAKE WILL BOOM NEXT YEAR Idle Capital Looking t the West For Profitable Investments The Committee On Educational Convention Con-vention Said t Have Prejudged the Case Judge Colborn returned yesterday from Chicago where he went to urge the claims of Salt Lake as the place for the National Educational associa S Educatonal tion to hold its next meeting which occurs during the coming summer When the association adjourned last summer it left the fixing of the place of its next meeting to a committee of five which met at the Great Northern hotel in Chicago some ten days ago to decide the point Three cities Washington Wash-ington D C Salt Lake City and Omaha were the principal competitors and It was understood that two of the committee were favorably inclined to Salt Lake two for Washington and one for Omaha The competing cities were invited to send representatives to meet the committee and Judge Col born was chosen to champion Salt Tnkf > It however appeared that the members mem-bers of the committee had made up their minds in favor of Washington before they heard the representatives of the other cities and of course Washington came off victorious Judge Colborn in his eloquent and persuasive way pictured Salt Lake as the city par excellence for holding the convention but it was useless the case had been prejudiced The judge says business is picking up in Chicago and there are those there who say the first of the tidal waves of prosperity has reached the Windy City There is a great deal of idle money which on good security can be had at very low rates of interest so low in fact are the prevailing rates in the east that capitalists are seeking outlets for their surplus wealth in the west where good securities and a higher high-er rate of interest can be had e Salt Lake and Utah Judge Colborn says are greatly and kindly talked of and Chicago people who are familiar with the business situation here predict pre-dict that we will have a season of prosperity bordering on a boom next year |