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Show PAYMENT BY CHECK. The Utah-Idaho Sugar company, ft is announced, will pa out over $100,-000 $100,-000 today for beets, to the farmers who raised them; these payments to bo tho first of a scries and to bo made by chocks on the. National State Bank of New York. These checks will, of course, be entirely en-tirely satisfactory; tho farmers can rcadilj- get such money on them as they need, and the tendency will be to bring in monoy from tho East. And as these payments by check become moro familiar, they will increase in popular-it', popular-it', and will be found as convenient as anj- form. The amounts carried in each individual chock will not bo large, and will be readily negotiable. Salt Lake City is fortunalo in the availability of tho bank limit as to cashing checks. This limit is ono hundred hun-dred dollars. Banks ' of some other cities, some of far more pretensions than Salt Lake, fix the limit at but half the limit allowed here. So that the business world of this city has reason rea-son to congratulate itself on the liberality liberal-ity of the rule of tho local banks. The payments to the beet raisers and to tho sugar factory employees will.be a prominent feature in finances here for the ensuing two months. But before tho sugar season is entirely closed up, wo expect to sec the financial horizon lighten in every direction, and normal conditions measurably, if not entirely, restored. The payments by and use of cashiers' checks, as illustrated in Tho Tribune (exclusively) on Friday morning, and as explained fully in this paper yesterday yes-terday by Messrs Knox and McCor-nick, McCor-nick, leading bankers here, will no doubt be found completely satisfactory by all. aud will be found a conservative measure for the meeting of payments of large companies, mining and others, who have large numbers of men in their employ. It appears I hat tho financial finan-cial situation is fully safeguarded, aud that this region has now nothing to fear, if indeed it ever had anything to fenr. But whether it had or not, there can be no doubt of the wisdom of the steps tnken, to meet all emergencies. |
