| Show RE RESOURCES OF UTAH i statistics or OF PROGRESS ron FOR THE YEAR 1872 number fifteen A ak aih B 1 I AL TO ils t 0 babits AND N I 1 i I 1 IN a alic lie De lunil for lit 1 I binl 11 tile anion til of money in circulation in utah IA ammu AS compared with ith the ho domand for a modi tim tho the statements of our ahr and clime ati iota bauke it at ce alio ho close of tho clio year yar 1373 an n atlo of deposits amounting to apte 1 ro bably talon boli belil in private ch licud lol tota ia n ohp tho c cn n uro tire territory would carry tho total t up to t I 1 two at t abla ill ill ichon at men of tho the year la summit nil kulda la is much more alm active wd and it at tatt ported theTo alio tokumo lume of money in circulation u greatly anh alced it is safe to may that dating tho the busy mason kron ilia alio amount or if fandi la in bank still cn in private balido rarely f aha lia atlow this sum hum is u found to 10 matler lichow our be coal wo vo ar are growing tt at abo ch a rate of moro more titan ekr minim on a limited and i silly lailios laili ox medium ul of exchange our small ot paper money moncy changes bands so rapid y clint it is worn to letters tiit terii in ia A few weeks cooka and bindi its ild way wat lack to like dio treasury its aj currency tso tio eager to u the demand for lioney that its MS of inual to bo be a money loaner anywhere ii ia to 14 1 in the ilo pathway to wraith wealth lem it if honorably conducted it is the ihn inch high road fojto to opulence two to per cent per mouth li Is ilia amular bank rate ut cr inter cut and thia thi csc v bielk would seem am j 0 a person hot cot with oar barill growth u oot net because of tho file ungto chaira oter of our imus lo iiii bat PI imply be bc caulto th the cu call for money 1 14 greatly in excess of thu be 6 apply A T DO 0 butter k on of tho 11 arzt r pro wh il 0 ae y n return ia 11 11 1 locality 1 ly than 11 alio ll rt end ail it ot ax I 1 la bamo bomo ora of ch tho autom where acre rules at six sit and seven eevea per coral per bunum the ordinary coit coat of ft a hoibo rent by un UD ind indicates izates tho the market value of the rented and thin interest int crest on real estate sl ap pr aim ilia usual bank rates of interest iDt oroAl 1 after tho boal of insurance and taxes 1 lie ho same rule nilo applied hero would probably ill not an improved piece of rol real detato in this under natal winch in ill not pa in log ing ill owner the regular bauk bank rate ralo 0 upon lla its a thousand added a year appear to bo be indo queto to moot tho the do mandol of ft a rapidly in crows ilg tho no real aral K ctet of our of interest ill ij that tuo tile employment of apul hero in kny any legitimate enterprise ray pays so 10 largely unit tint borrowers can mako mcacy la apito of high rat etc it is a fact that a community like iilo an indi vid Tit lual 1 cannot pay intertas is 11 Is ing with the money borrowed borro wod a profit amo what larger thata the tha interest paid and it Is itcan pay P 0 rate nto IS id exacted up to tho thao pl where tho the interest consumes tho the p profit of the business boa intas tile gains cina to bs be from tho the minor u of borrowed cantli capit tl regulate alio palco which thick can bo be paid for or money and nil those nan depend chiefly blon the demand for the P jit ond of 0 tho the borrowed capitol ta other 0 y da jhb anco to be 1 profitably aid fur ur in money n dac dupen u pon what tl is to bo ic dono no with tha the money among older communities large accumulations of lit at title tho rate nto of of twenty four per coot cent per 1 T compounded monthly would load lead tho ilia borrower borrow cr to dy financial rain because in cormoney of or money overy choo of trade suit crory baronet of enterprise it filled with cheap capt t tl al eager io estment which fact hidu tile on ill all v vincus of to 1 lu 14 lowest standard with our limited apply of money competition in any lino line of ausnit las a no dover er lown carried to an 11 extent whilo while many which could not ul fail it if an 10 to secure rich returns amaat for their inauguration the good timo time coming when bouvy ran can bo be had W on long timo time mil and on unquestioned security at 10 or 13 12 pr owr cent per tho buo cuo to daiy diy in chicago ca 0 fadd ban francisco 81 capital 1 ita ock valety and it is ia fair to uy say uit that fuw fuir present ilia of security which tire found hero hem la ill all claim caal operations a coun iders lion of tuo the moral haird is to b lie of tho the first import luce A reputation tor for promptly business butin tiu is worth moro more than money to tiny kny man and tint that reputation rop altion his been eairly by tho men of utah them of naw york seek the utah trade trado with nta avidity because has taught thom that chiy have too no ajr rr cus cu comm tin than this ihla A bd bad dbr is il an anomaly with us ua ui spite of tho the wt fact that loin short hort credit is gnon by katr cuianu to all ci the lead head of f a banking institution hero here informs inform tho ilia oar birthnot that only ono unpaid indebtedness T was hold bold by bit lank tt at the ond anti of a years biumi biu mc amounting to about three hundred dol lains mid lad that wea even thit that would ultimately bo be collected tho the jurat national atio oAl bulk of adt ako city declined k dividend to of f GO do pot par cent OIL onita its in ia 1871 and nd the despret bank now tho the national bank divi dedJO jg por per wit cent during daring tho the year year prior to its under tinier tho ilia national system irom from tho laici hu thus farat far tl tend ad bankin g md ead lother aji commercial enter arises in ia diab I 1 lab it II li ili evident that business cia can c ia here litre bo be conducted on a basia of bunty la in spite pito of this the fact remains tint that there is in am cn tie ale ready and profitable profit ablo for i a undred hundred times moro more pilot than is 1 now 0 alered there lj 1 I elas clam of it ho be and it to borrow uy terms those thieo kro are tho the daod everywhere the best beat class of borrowers by a provision pr crinion in tho the act ct ol of congress under which rational danke axe do loans by theall institutions upon res rel I 1 estado tato are prohibited thus 1 n the PT n c p htiu 0 to 10 the elms b hold 0 ing iho oc only bokop ill ily y tile hie demind dern alad or of this important to i extent client but even biletto div ivo a 1 to 10 commercial piper paper ind and portable ccarl ties tie for the reason that borrowers borrow cn upon real property r larty usually dealue lea loans 31 day loans bought by the ilia banks V N bat wo we mott most need hood ita fi abundant mone lioney to loin loan at t fair rate artes say my 12 per cent per annum on long timo time and on rul real estate of this security locante we have an abunda slid ind if money could bo be bid bad to improve it it would lo 10 vastly increased our titles axe probably the clearest la in the world orld in thu this tir ilia principal city oar conic yanco IS from ill untied government Govero ment under duo data of april 1612 1672 very fow few have amu made anti only a list lint cot ti appear of 0 record for furcho the I 1 cason that befaro foro uila ittle ilia nobody would lund land on it mil it since inco that period the mines i havo attracted uio the attention 01 ol capito luti instead of slower ud and safer in ia city growt la taxiing loans oo on rel real property 11 hero cre tile lie ame mme rule transactions ablo where could bo be on forcel it would notus nallY lo 10 to tolo iona in moro more then 50 pe cent of tho ilia value ot of property leaned upon DO noi would the bo required to loan on property pro T pirty tho the clio tig or ible ranal of cf v A bioli ich would net not PIT listo tile ho in forest on oa tile tho loan loa hero u the amount borrowed Lorro tved would ito DO net the baluci of the land were the improvements to lu be rt reo motol or la in addition to lo louii on real ciliate a broad nod and inviting ficia laid jLii ili tor or the capitalist who would bo W A illing to ahloo money fur for I 1 loue 0 terms on paying i alog stocks and be nisla railroad rail roal boil other enterprises and on tint lint clou clam endor doriea iad paper anbry largo amount of tho the ey la in savings alania in tho the luteru stal could bo be hem bere at moro more then double the rat curre ill in now EngL englund uld and alio money thus thui loomed would be to increase in creato creaso thoyal of tile very acry pl L dg ol 01 f fur ur i il j y u i cu t mo 0 do abot u ft 0 w alio il 0 rt lri v tl 0 n m or 0 rally any liw laws and coo coolen track ti for into braot am enforced it in tw wat capital alj abon lon convinced of thin sasto 0 of facts til avail itself of tho advantages advin to which wo hivo bay hero here brany al laded and aad wk mck a locality la in chiola rapid ind and ITO aioo ilk A WL 9 bild Aila tout tho the dan ten to usually at it at call k rates of |
