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Show LOS ANGELES III ' I EM II Newhouse Deal Has Shown the' Angels That S.alt Lake Is in Swim. SALT LAKER TALKS ABOUT SOUTHERN CALIFORNIA CITY Henry Peery Tells How Los Angeles An-geles Views the Greater Salt Lake. IIcnr3" Peery returned from a week's visit iu Los 'Angeles Friday morning. Talking" with a Tribune representative, Mr. Peery said of Los Angeles: "It is still the peer of any city of its size in the country in the" volume of business transacted, and the building which is being done and projected. The country down there, everywhere, appears ap-pears to be at the spring "tide of prosperity. pros-perity. The news of Samuel Newhouse's million mil-lion dollar investment in real estate in Salt Lake City and tho tremendous improvements im-provements projected by him, struck the real estate investment and financial circles cir-cles of Los Anqelcs like a clap of thuu-dei thuu-dei out of a clear sky. "It aroused them up to the fact that their 's is uot tho onl3- city in the Western West-ern country to be reckoned with in this age of rapid business and financial evolution. evo-lution. The real estate business of Los Angeles is conducted by as bright and wide-awake a set of men as have ever associated together in this country. They believe, and rightly, too. that this initiative move on the part of Mr. Now-house Now-house means a modern city for Salt Lake and a business center, which by virtue of her geographical location can never be impaired by efforts, however strenuous, of any other business center. From what real' estate men and men in other lines, of business said to mo in discussing the Newhouse deal and' its effect upon tho future of Salt Lake, I am satisfied that conditions in this city will be watched closer by those parties I'H than over before. KH "It created great excitement and in iH my opinion, Los Angeles capital will ba tl seeking investment here betore the sea Ml son is much older. Is'ot only is Loa i Angeles stirred up by this deal, but in )VH all the monied. centers of the West, in- I jH tercsted eyes are turned toward Salt) I Lake. Mr" Ncwhouse is entitled to and jH should receive the unstinted m-atitudo of all the people in Salt Lake for taking tho initiative in a movement which, ii jH tho people here will do their duty, can- not help but result in making this tho , jH greatest business center and most beau- , tH tiful, healthful and attractive city in , all this Western country. This move on tho part of Mr. Ncwhouse entitled him j to rank with the man we read of in an- tH cient history, who 'found Eomo brick I and left it marble.' |