Show ILl LT lAKE CITY IS THE TAE FIN CENTER FOR THE SHE ENTIRE INTERMOUNTAIN WEST m Manufactured During 1923 lIned Hued a at Unlimited Wealth Surrounds s s ius Territory Is an Empire in Itself Minerals Produced Last Y Year car Valued at Millions Agricultural Products Bring More ore Than By L. L S. S Trigg f Investment Banker l Salt Jt Lake City has been rightly called the most beautiful America The visitor here is impressed with the many advantages residents enjoy The healthful climate and g air of an elevation of more than four thousand feet stain ta n scenery which delights the eye and causes one to r more time tune in which to explore the splendid roads ti ding g. g upward through the canyons on every side the i dent nt supply of clear water pure from the nearby snow snow- ped d peaks A tour ur of the city reveals much of interest aside from the connected with its unusual history The residential hots extending to the heights above the city traversed b by stiff if broad well pave paved d streets lined with spreading g il are famous for their well-kept well lawns and beautiful resi resi- ees For Salt Lake City is distinctly a city of homes and ber of home is said un owners to be greater than in an any similar size in the country le e business b and shopping hopping dis- dis comprise e modern buildings i fe stores tores which would do credit I Ih much h larger luger city and the wide i I town streets aa LI brilliantly I ga ed as any in the world present i j eung appearance by day or on I wile lIe the schools and other I Ic c are among the thet I I.- I. t n the land These and and I II I ot other er striking features make most unique ue of cities lUes an ideal I Win n which to live lire and the I 1 visitor often otten wonders what back of ot these evidences of or i City rity and commercial activity o. o the tUe Investigation reveals re the I foundation upon which the i built bum and the won won- I and commercial which are attracting ess ss en from all parts of the thery I ry who are coming In In- In j ng numbers each year rear to take tie cUve e part In m developing this i n of t the West LARGE ARGEIN IN IMPORTANCE I lIe ile comparatively a small city red ired by Eastern standards L lake ke ranks high In I being the financial center of ofIa Ia land iland d empire extending bree hundred miles In each Ion 1 o larger on-larger larger In area than Gerand Gerand Gerard Ger- Ger I and ard the British Isles corn com com com- With with a population of ap- ap est larg-est I It is Ss the larg- larg larg-I larg iest est city between Denver on the i east and the Pacific coast cities I Ithe on the west and the Canadian and Mexican borders on the north and andI I south i I The territory immediately tributary trIbu- trIbu I tary to Salt Lake Includes the eu- eu I I tire state of Utah and portions of I i iI i I Idaho Nevada Arizona Colorado i iI land I and Wyoming This vast region containing practically unlimited natural wealth Is only beginning tobe to tobe be developed 1 Up to the present time agriculture and mining have i I been the chief sources of ot revenue but many manufacturing industries 1 have been attracted by the immense Im- Im proximately ap-proximately mense stores of at raw material which abound throughout the country aswell as aswell I well wen as by the economical power I obtainable by harnessing the waterways waterways waterways water water- ways and the excellent transportation tion facilities So that the intermountain intermountain intermountain inter- inter mountain region promises to be one or of i the greatest Industrial sections of ot of the country ENORMOUS WEALTH PRODUCED IN UTAH Some figures as to the wealth produced In the state of Utah alone will serve seMe to Illustrate to position of or Salt Lake City Cay as a financial center The average annual annual annual an an- nual value of ot agricultural products I within the state tate is placed at well wen over and th the output 01 of the metal mines at nt approximately The coal mines produce pro pro- duce duco nearly more annually an an- The chamber of commerce estimates estimates estimates esti esti- mates that during the past year ear the value of products manufactured manufactured by Industries in this state over and above the cost of materIal material material mate mate- rial used was some These figures are for the state sta of Utah alone and merely give nn an idly idi of at the vast amounts of oJ wealth wl VI i ih h flow low through Salt Lake CIt City 0 j ho city's Importance as ns a trade tralle center Is illustrated b by the large largo volume of retail sales ales these being estimated In 1922 at over 55 A GROWING INVESTMENT MARKET The Tho dealing In In bonds bond and In Investment Investment investment In- In vestment securities s In Salt Lake City has experienced ed a R. tremendous growth within the past Uie-past past few years ears I There are a number of active bond houses here wit with hi connections In Inthe Inthe inthe the large largo financial lal centers and there is a largo large volume of ot trading in bonds and with other cities Tha Tho amount of high- high grade bonds h handled by my company company company com com- pany alone in a of single month runs rune into the hundred of thousands of dollars I These bond houses also perform the important function of supplyIng supplying supply supply- Ing necessary lon term long term financing I for local Industries and The Tho proportion of bonds thus underwritten which are sold to local investors In shows show a substantial sub sub- growth year after year ear earTho Tho The increase se In the amount of at securities held by Salt Lake City banks alone Is evidence of the growth in this line of activity in inthis inthis inthis this city In 1921 these banks held helda a total of In bonds and other securities This year ear the total amount held had advanced to an Increase of over In two years The bonds held by local Insurance companies and other Institutions would woul show as great or even larger increase LARGE AMOUNT OF FINANCING NECESSARY Like all aU countries In the process of development the Intermountain region reeds needs a vast amount of financing Also like other new countries the demand for capital here is gr greater ater than the local sup sup- ply Co Consequently large sums of money must be bo brought In from other sections to help develop the almost unlimited resources I Salt Lake City Is the clearing clearinghouse clearinghouse clearinghouse house for practically all of this financing The largest stores of I local capital are gathered here and i It is through this city that funds from the outside must flow I The city's importance as a financial financial financial finan finan- cial center is growing and will continue to grow with the devElopment development development develop lop ment of the tributary territory Other cities in the Intermountain I country may grow in size become essential Industrial and trading centers but Salt Lake City will always alway be the capital the capital the hub hubof hubof of the wheel of at Intermountain finance |