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Show REALTY AND RESOURCES The Real Estate Exchange Holds an Enthusiastic En-thusiastic Moetiug in Its Sew Quarters. ENTEETAINMENT TOE VISITORS. Millions of Dollars Yet to be Made on Realty in Zion But Not on "Boom" Values. The meeting of the real estate exchange ex-change last night in its new quarters iu the Elks building was an enthusiastic oue und was well attended. President Lett fjllcd tlio chair while Secretary Montgomery recorded the minutes. The mineral and agricultural resources resour-ces were discussed as well as real estate. Several new members were admitted to membership. They were Messrs. F. Bayley, E. B. Wicks, W. F. Shelton, A. F. Roller, F. I. Uunnell and C. L. llannanian. . The president appointed a committee, commit-tee, composed of Messrs. Harvey, Barrett and Moloy, to organize excursions ex-cursions and arrango entertainment for persons visiting tho city this summer sum-mer to inspect Utah's resources. Messrs. Van Buskirk, Conkling and Wantland were appointed as a committee commit-tee to canvas real estate dealers with a view of inducing them to becomo mem brrs " of tho exchange. Iu selecting tho committee President Lett slated tliiit as a business proposition, no dealer or broker could well afford to slay out, as tho business of tlio exchange would bo moro than mere collection of conmiissiotis on the saloof realty. Tho purpose of tho exchange ex-change was to build up Salt Lake City. ' lu speaking of the matter, Mr. Conk-ling Conk-ling stated that tho exchange now had elegant quarters, and ho believed that it would influence largo capital to tho cily for investments ana uuiwings. Judge Lynch said there were millions of dollars to be mado . out of real estato hero as tho resources of tho territory were unsurpassed. unsur-passed. Still ho beliuTJd in holding a on too rapid an advance in values, as booming by putting up prices was being be-ing fell at present. "If the obstacles were cleared away," remarked Mr. Jack, "we would havo considerable more capital leaking investment. I know of $','50,000 that is ready to bo invested in-vested if tho exchange otters some little encouragement. Secretary Gillespie of the chamber of commerce wasin attendance and slated that the day had approached when "Wo must get together." There was not a realty man in Salt Lake who could afford to shirk his duty. "While tlio chamber of commerce has a broader scope, the real estate exchange ex-change should bo ready to move quickly in tho right direction of tlte interests it espouses. It can also bo of great material ma-terial aid to tlio chamber of commerce. I hope that all real estato men will join the exchange." The secretary then submitted a peti. tiou which ho is preparing to send to tlio scnaloand house of representatives. The petition is extensively signed and asks that the Fort Douglas reservation bo parked. It would bo one of the strongest attractions that could bo made as indueenieuls to get people to the cily. A lengthy address on the resources of tho territory was made by Mr. Brown. In glowing terms ho held that whilo Now York was the maritime metropolis anil Chicago tho metropolis of the. agricultural agri-cultural district, it remained for Salt Lake to assert its supremacy as tho mineral metropolis of tho United Slates. |
