OCR Text |
Show INBUSiNESSCIRCLES Wantland Favors Immediate Action in the Matter of Pushing; Tublic Improvements in Salt Lake City. SOME NEWSY WORLD'S FAIR NOTES. A Big Real Estate Deal Action on Vacant Street Oar Lines Today's Clearings and Realty Trans rers Notes. I "What this city needs more than anything just now is pubiie improvements" said Councilman Wautland today. "Work should be kept going at as lively a rate as possible. I believe in paving, curbing and guttering, laying sidi walks and water mains to the extent ex-tent of our financial ability. This hue and cry about oppressing property owners aud depleting the city treasury is a'l humbug. The improvement of a street in frout of my property enhances its value. It is worth more and will sell for a figure 50 per cent higher than before the improvement is made. The placing of city water in a house makes it more desirable for a tenant and the structure commands a higher rental." "The improving of a city attracts attention atten-tion ai:d UDthing exceeds, the value of paving. pav-ing. Taving made Kansas City a metropolis and caused Omaha to be known all over" the union as one of the paved cities in the Re-tu'ilic. Re-tu'ilic. It attracted attention and capital and today Nebraska's chief eitj' is established establish-ed on a firm solid basis." "The first thing asked by a prospective buyer or investor is, 'What kind of streets have you?' and when informed that they are dirt he evinces his disgust at once. Some of tiie croakers in this city are crying that we are spending too much money. I want to say that thi city has bonded itself to make public improvements. Those bonds must be paid, interest and principal and the revenue to pay them can come only from taxes collected. I want to say that the fund for their redemption will be much greater when taxes are collected on improved im-proved property, than if the' were gathered from peopie wiio own nothing but vacant lot or tuinLlc-down buildings. "One thing 1 have noticed, and that is this: Non-resident property owners never kick on improvements; the protests all come from Salt Lake holders. The outsiders out-siders know what is best for their interests." "The wool crop," said M. K. Parsons to a reporter this morning, "is very heavy this year, and the quality above the average. The movement of stocks, however, is not yet well under way, and will not begin in good earnest earn-est fur a couple of weeks yet. Holders are keeping up prices and refuse to sell at figures fig-ures offered, but 1 apprehend that a basis wiB lie reached soon. When the wool movement move-ment begins in good earnest the effect upon the finances of this inter-mountain country cannot but be beneficial." AFTER THE STREET CAR COMPANIES. Ono Councilman 1'roposes to Compel them to lo their Duty. The remarks made by Mayor Raskin at the city meeting on Tuesday night regarding street car lines that were laid solely for the purpose of preventing corporations from occupying streets. It was stated on good authority this morning that the officials of the Salt Lake City Railway company are bestirring themselves and will, in a very slmrt time increase the service to cover the unused portions. This movement is the result of the action taken by one of the members of the council in privately obtaining some legal advice regarding the right of a company to maintain unoccupied tracks, which said advice is antagonistic to the present situation and according to facts learned is in effect an opinion to the effect that such action is contrary to law. Unless active measures for the benefit of the people living along the iine of the streaks of rust and right of way now existing, exist-ing, u measure will be introduced into the council on Tuesday evening declaring the franchise on such streets null and void and instructing the supervisor of streets to remove re-move the ties and rails. New Corporations. The articles of incorporation of the Silver City Gold and Silver Mining company were filed today with Secretary Sells. The object of the company will be to carry-on carry-on a general mining business, w ith the main otlice at Sait Lake City, and the corporation will exist for a period of fifty years, unless, sooner dissolved. The capital stock is plscedat 200,000 shares at the par value of $U each, and is subscribed sub-scribed for as follows: C. R. Hancock, 85,-000 85,-000 shares: J. J. Randall, 17,(U; R. H. Walker, "17,000; ,J. H. Chance, 17,000; A. S. Post, 17,000; W. H. Post, 17,00); F. Rchr-man, Rchr-man, 10,000; F. J. Osborn, 10,000; C. H. Irwin, 5000; J. L. Perkse, 5000. Working capital, .J'-!00,000. The officers of the corporation corpor-ation arc: C. R. Hancock, president: J. L. Perkse, vice president; H. if. Oaborn, treasurer; treas-urer; F. Rherman, secretary; and these, with R. H. Walker, J. H. Chance, A S. Post and W. H. Post, will form the board of directors. di-rectors. Articles of incorporation of the Connecticut Connecti-cut Reduction company were also tiled with the secretary today. The life of the company com-pany is fifty years, with the usual provision, and its object will be the conducting of a general smelting and reduction business, with the principal office at Salt Lake City. The capital stock is placed at 15,000 shares, of the value of SI each. The amount of stock subscribed for, with the names of shareholders are as follows: P. P. Bush, 57,98 shares ; P. C. Bush, 5000 shares; F. W. Bush, 12,(X10 shares; W. M. Bradley, one share ; N. A, Robertson, one share. P. P. Bash, trustee, 50.000 shares. The officers ate. P. P. Bush, president; F. W. Bush, vice-president; P. C. Bush, secretary secre-tary and treasurer, and these, with N. A. Robertson and W. M. Biadlcy shall form the board of directors. World's Fair Notes. The commission are considering the question ques-tion of publishing a monthly journal to be devoted to Utah's World's fair interests. The idea will probably be carried out if satisfactory sat-isfactory arrangements can be made as to t! publishing of it, , The commission will back the project to the extent of their power. Mr. Don Maguire, discoverer of the relics at the prehistoric city of Kublick, called at the commission rooms today. Mr. Maguire says it is his conviction that there are some of the most valuable and interesting- relies ever discovered in this country. He strongly advocates ad-vocates a systematic work of exploration. Wasatch county lias reported to the Utah commission. If there Is anything worth bowing at the exnosition that Wasatch his not got, information of it has not been received re-ceived as yet. The commission will hold a meeting to settle on the plan for the building on June 5th. They expect to secure the plan and have the buildinir contract let by July 1st. The Utah commission will take formal possession of the site assitrned to Utah at the fair grounds on June 1st, A 15 ;S Heal Kstate Deal. A deal was consummated today by which the balance of the old race track property, now known as the Thorndyc addition, passed from the possession of Wr. E. Hubbard to outside parties, with the exception of the portion bought in yesterday by Secretary-Sears Secretary-Sears of the chamber of commerce. The first sale was of twelve lots to a Colorado man, who will commence the erection of a $'.0'J(i residence .t once. The balance of the property was turned over to Dubuque par-tics, par-tics, who will start in to improve their property prop-erty without delay. ISusiuess Itriefs. The probate court, today authorized the closing of Brain's brick yard. The work of tcarinir down the old buildings build-ings at the corner of West Temple and First South streets has beuun. The president of the Boston common council coun-cil accompanied by nine members of the board of aldermen, will be here about June 6, on their way to San Francisco. |