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Show MONEY AMD POLITICS IN SALT LAKE, T e clearing house returns throughout the country for the week ending yesterday indicate indi-cate a wholesome improvement in the money market, showing an increase of 8.4 per cent, over the corresponding week of last j year. The most favorable sign is that the gain is uniform in all the large financial centers. San Francisco being the only exception, ex-ception, quoting a decline of 3.4 per cent. In New York the increase is 10.3 per cent . in Boston 7.5, in Chicago 11.3, and so on. Most remarkable of all is however Salt Lake City wi:h a gain of ttti. 1 per cent. This notwithstanding the drawbacks to business on account of the unseasonable weather is certainly most gratifying. The fact is that Salt Lake City has plenty of money, mon-ey, more than the banks and brokers can dispose dis-pose of at the exorbitant rates of interest they demand. It is all very well to borrow money at ten or twelve i per cent in boom times and for speculative purposes, but no one can afford to pay that at length for legitimate business, build- j inL' or farm investment. If the money con- j tinucs to accumulate in the safes of our j various bank", it will tie only a question of j a 3hort time when it must be cheaper. Yet, ! at the same time, it is true that eastern cap- j italists do not care to lend out money in i this country un'ess they can get un- ! equal returns for the risk they ! imagine they run. They believe I that Utah is in an unsettled state, rent to j pieces by political and religious dissensions j and utterly incapable of taking care of her- j self. No argument can dissipate tMs view bo long as we occupy the anoma'o:; ;osi- j tiou of a territory sandwiched in ' : ween I several states which altogether do qual ns in many requisites. "There i? surely something wrong with you if in spite of your ample wealth and nopuiation you must still he kept in political subordination." Against sut': ar. argument expostulation is in vain slid ir. the meantime money will re j main dearer Sere than it is in any other! country of eq ;ai resources. |