Show City iy Finances Rated Highly Speaking a as a 1 financier who in in- in moro than annually annually an nn- H. H Martin Martn Tenney vice vie president of the Conn Connecticut Mutual Mutual Mutual Mu Mu- Life Insurance Co in charge of investments Friday called caled Salt Sal Lake City one of the te soundest fi fi- fi cities in the world In Salt Lake to attend the two two- day session of the insurance company's company's com corn pany's mortgage correspondents from 14 1 western wester states Mr tr Tenney Tenney Ten- Ten ney ncy said that the basic character of Utah people and the prosperous farms arms and raches in the state make Utah one of oC the best besl bets bets' for investments In Asked about the current G. G I I. I 1 bi bill controversy Mr MI Tenney said aid that the government should stay out of the banking banking business and leave the te financing of small smal housing housing hous hous- ing to banks baks and insurance com com- ing panics lanies However he lie explained that his Insurance company company nc one company one of the largest largest in the world world world-is is not set up for or small smal loans We Ve concentrate on large loans he said sad because Ve We e have ha e a very small smal mortgage and loan depart- depart nent ment I He said the average loan on 1 average property made b by the te firm is about The way our office is set up ve wc lose money on small smal home loans he said But many insurance insurance insurance ance companies deal in the small smal loan oan field feld Mr Tenney said that after a range long range long study of real real estate alues values made by his firm in the United States he is convinced con that real estate tate values will wi stay up for fora a long time to come And you people in Utah are arc more fortunate than many persons persons per per- sons in other sections of the na- na ion tion ton Utah is it is pro pro- progressing and gressing-and gressing and you have a firm secure background for your business business business busi busi- ness and industry in your well well- wel- wel maintained well run wel-rn wel farms and ranches I |