Show WANTS SEG aol I Ir r i Steel Buys More gore More Jf PAYS P A YS IN INCA fl CASH H RY 3 TAXING TAKING TAG IN INTHE I ITH INTHE THE E BLOCK LOOK TH WO 4 I Henry Phipps the multimillionaire steel stel king of at Pa Pa who 10 is i stopping In I this th for Co a few fe day days became the th t owner owne of or another valuable piece pi of boines bol property on 01 E seCOnd nd South street y for tor the te w wl m rn of 1000 O in cash ch T Th The property pur per purchased chased chu has h a frontage f of forty feet teet on Ott I Second South and is 1 feet deep I The lot corners on 01 Plum H i y and d is occupied by a build building lag ing which Is of little littIe U value It is on the west side of t alley The build building building building I ing is now occupied by the tb Scandinavian i vian volan saloon and a tobacco store on the I first floor fluor and by bythe the Leadville house hou housein e eI in I n the second se oRd story The rhe property was purchased from M i s Marion Marian Merrill and was formerly part of the Ute John W WI Young estate tat e In the deal Mr ps paid 1890 1000 down and agree agreed ed to pay the me I balance on or before beCore the IJU of De December DeI December I cember i The deal is hi significant t from the he fact that it is known that Mr Phipps ob oh obtained tamed an option on a piece of prop property property property erty on the other side of Plum alley also alS J yesterday th the terms of which are not known but the th statement t is 16 given out that he is determined to purchase the entire frontage on Second South street from Commercial Commer ial street east to State It is well known that in the spring of the present year ear Mr Phipps bought the Galena Galen block bl ek for tor This piece has a frontage of feet f et eton on Second South and this thi with the forty feet reet and the other I piece on which an will give him by far the greater POI pet portion Hon tion of the block that he to W be Ue beafter after atter This of the wealthy eastern capitalist taken in connection with his purchase o or of last It wring spring and ami the fact that he is negotiating for the tIle purchase of more property on the block in ques question question question tion has stirred up considerable com coin commotion commotion motion The impression aion is gaining ground that Mr Phipps ultimate ob object object I je t is the erection of a line fine business block in the heart of the city on one of the most eligible corners If this is his object the news n will be gladly wel welcomed welcomed corned by all 11 who aye are interested in the progress of the city The very fact that eastern capitalists consider Salt Lake business property good invest investment investment ment is in itself most encouraging and an will have a tendency to U spur the local men of money to o pick up some of the snaps tl t that at seem to be lying about pro promiscuously mi I Mr Phipps deals are being manipulated manipulated for him by Governor Thomas and andI the real estate firma firm of Kelsey Gil Gillispie lispie |