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Show IH TO GOME, ITJAfflLiy Senator Kearns Returns From Successful Trip to the Eastern Center. I PLENTY OF READY MONEY IS THE EAST Days (if Wildcalfing Closed, . and History Will Hardly Be Repeated. The opinion of the Eastern man of money is that the day of the indiscriminate indiscrimi-nate mining venture has drawn to a close, and that the country never Will poo repeated the wild organising and flotation of companies whoso only possessions Were desert areas, without, any mineralization upon which to depend de-pend for results. This was the opinion of Senator Thomas Kearns Monday pioruiug upon his return from a two weeks' business trip to Xcw York and other Eastern centers. The Senator stated that there was no dearth of capital capi-tal in tho East, and no signs of hard times, the hank clearances showing show-ing as nothing else tho splendid temper of the man of money. But ihis money "from now on must jo pronerly directed in ordor to bring it into I he proper channels of commerce. com-merce. Utrcaftor a more rigid programme pro-gramme is lo be pursued by 'capital; so-called wildcatting is nbt; to hp. countenanced in any lino of industry. In this great nnipnign of financial house-cleaning there is no industry that will bo more benefited than tliat oC wringing from tho earth her mineral treasures, for an abundance of capital over stands rondj to further the search after the precious metals in legitimate ways. Senator Kearns points out that in this now ordor of things, no Slate in the Union will faro better than Utah, as no State has tho material for confidence confi-dence in Eastern centers in more generous gener-ous profusion than this. Interest in Eastern cities is alive regarding re-garding tho mines of this State. , Jn- vestors ronlize that the real era of use- - fulness of Utah and her mines has yet hardly dawned. They sec the old dividend divi-dend paers fnithfully maintain their records, "while new profit-earners con-"stantly con-"stantly are being added to the list of honor. Bingham is not yet to its , legitimate point of production, and. I whon it is, a. camp will bo found 1 greater than which no State in the I country can produce. Purlc City is fast I approaching a new era of unlimited usefulness, while Deep Creek, Beaver ' county and other mineralized sections arc demonstrating their wealth, al-s al-s though hardly yet scratched. All these facts are appreciated in tho East, and tho Senator confidently anticipates this confidence to increnae as the mines and their achievements warrant the same. Regarding business matters in con-nection con-nection with tho Silver King Coalition transacted duriug his trip, the Senator stated ho wns not at liberty to go f into details, but intimated that every- thing in connection with this splendid property was progressing smoothly and absolutely without friction. Contrary I to expectations, he found extremely m T'lcasuut weather throughout the East, J but agrees with all the citizens of Salt Lake' th:it the home climate can not be ! equaled anywhere. T |