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Show THB T A TfsY TBE&UHJS; SALT TAKK CITY TIT ATT, JTEIBXY CMOIlXNa, JANUARY t 1802. soft ham 3. That we should be unaffected by the distressed condition of the entire lurrouodlng ountry was not for a moment to bo sappbsed. Bat that, after a season of rapid advancement, momentoai projects sod extraordinary construction. Salt Lake ihould stand firm, maintaining her highest position, meeting alt her obligations, and en undertake now enterprises of great noment, ifaY a realization few could hare , anticipated. To feel the pulse of business, by inter-rlewlta the beaTlest business representatives of Salt Lake, a Tribuick reporter Inquiries as to the progress of the est year and the outlook for the coming sne. To the "small fry," who everywhere lelze the slightest pretense to raise a salamity wail, the confidence and cheer of these heafy leaders of business must be a rebuke, f ! mm -- i McCornlck. the Ilenry Clews of Bait yf Lake City and a man whose financial operations reach Into a hundred channels, was seen at hta banking office. Ills replies were terse, pointed and unequivocal. The mooey market during 1891 had' been tight, following on in great financial disasters of the previous "fall with London as the center. The market was slow to recover. In Salt Lako thlslhad tended to draw purse strings, of Interest and discount bad and bank-raterisen front 10 to 12 per cent. The banks had continued to favor trusty customers, and outside capital had usually been on band to take any good securities offered, putslde, unimproved, speculative property could not, as a matter of course, command loans. The meres ntlte Interests had stood throughout the year n solid ground. A few firms who had entered Salt Lake with insufficient capital, with the established patronage of older firms to compete, and forced to take undeI J,' J. DALY. sirable business sites, had gone to the wall. Mr. John J. Daly Is alike a great miie owner and; a great realty holder of Salt Lake General trade all around was exceedingly He Is a native Of Morris, Illinois, and was hut 18 years of age tho 18th of last Octo-bo- r. good as compared with other cities., This Ctjr. When yet under, his majority ho went toIn Memtiua.toolk engaging In both placer and was doubtless owing to the wealth produced The White Pine NtfvaJa excitement him thither in 1871, where mining. quartz be spent two years with no raoro success than! attends the prospecting of the average by tho mines, which, during 1891, for Utah two 187:1 ho came over to Utah and h"rod alfout more or less in all tho alone, exceeded the preceding year by mining roads. In or three million dollar. Of late there has mining camps. He went to Park f'lty, Or rather to Parley's Park since the city was yet HcrC ho was employed by Mr. Chambersjfn .the Ontario mine, meanwhile been an encouraging inquiry from Eastern unbuilt. In 1870. leisure at times on his own account. " As a result of his locations and work prospecting loanfor as to the opportunities capitalists was formed In 183. Mr!. Daly assuming .tho superintendency. the Mining Company Daly money Reside his mining discoveries and investments, Mr. Dly is a large holder of cboicc ing money. This presages an easy market. While capital does not move by- 8alt Lake property, jle has faith that Salt Lakowill beeofuo a second Denver, and has been a liberal purchaser of Inside realty which iio holds for future improvement. His starts, there Is jexcellent promise of a gradhome on Brlgharn street is a testimony to Mr. Daly's refined tastes and cultured mind in al ease In the stringency and a flow of face of the fact that most of his life has been spent among roujh men and la wild scenes money into whatever may appear profitable 'Channels; '. V. II. Auerbach, who cuts about the same swatb In local trade that Mr. McCornlck Joes In finance, was another man of contented mind and confident expectations. The business of the year with his firm had been fully equal to that of the previous year. Keener competition had cut Into his profits, but this was a benefit to the consumer. With this lowering of margins merchants bad oommenoea to pursue stricter business methods. Credit was be lns restricted to shorter periods. In their jobbing tirade they had experienced no un usual losses. The country merchant of this Territory has generally the advantage of loug residence and Intimate acquaintance with his customers. As consequence, failures were almost an unxnown feature In the cotuntry trade. .The transportation problem was still the paramount one, but Mr. Auerbaoh ex pressed' faith that continual hammering at the subjoot would at last produce efficacious results. The railways will, see that by making Salt Lake a trade center for jobbing, they are Increasing many fold their local s - . ,';!: ' Being landlord Mr. Auerbach was questioned as to the complaint made by many that rents were too high. "Store rents In favored laoaiities are cer tainly high, I admit." said Mr. Auerbaoh. It fs simply a question of supply and demand. The retail trade, has run Into a few blocks, and there landlords get high prices for ground floors. Office rents have dropped almost ftp per cent, and no one can complain out of the main about them. Store-room- s drift, are also plentiful and cheap enough." Mr. Auerbach said be looked upon 1802 as the beginning of a succession of progressive years In business prosperity. In the gas wells be had great confidence. Ad vices if rom the East are to the effect that money IS getting easier. That gives prom d ise of the construction of the of which construction Creek road, during Deep would be a great boon to Salt Lake and when completed would open great mining fields, Dull as some people seem to think the year has been, there have been many In Ball Lake in years past when trade was far worse, especially after the completion of the Union Paclflo Railway. In conclusion Mr. Aueirbacb said that never for a moment has his faith In Salt Luke been shaken, and never has the outlook seemed more cheerful than now. In thin lumber business Mr. Mason said that trade had been big. It was not equal to the spurt of last year, but was way ahead of the year prior. There are now seventeen .lumber firms In the city. The pool formed for mutual protection dnsing the summer bad gone glimmering. The greatest obstacle the lumbermen have to meet Is the outrageous Hen law which enables unscrupulous contractors to swindle the material men. A concerted effort would be made to meet this evjl by Inducing the coming Legislature to amend the statutes. E. C. Coffin said their business Inereased 25 per cent In 1891. Practically there had been no failures anywhere In this country. An unusual condition bad confronted all at the opening of last merchants year. ' The business off every dealer had In . 1300 benJ o phenomenally large.- tiuercnanta in toe rusn oi Business bad dqpllcated orders, piled up goodsand overstocked. As a consequence It has been long-talke- -- F. E. HOtJGHTON. F. E. Houghton Of "The Lace Hmise' is alikcone of the youngest and most prosperous merchants of the; city, being but 30 years of age. Mr. Houghton learned his business in Buffalo, N. Y. Inj 1882 he came to alt Lako and entered Into the service of the Conn Brothers. Two years ago he joined hands with William Groesbeck, Jr.. in the Lace House, where by industry, business tact and liberal advertising, the firm has built an enormous trade in ladles' fine goods.. So great has been their success In this short time that next March a four or five-stobuilding will be erected n the present site to accommodate the Increasing demands of business. ry cross-examinatio- Webber. F. H. AUERBACH. little fortune in Palt Lake. City, and Auerbach, a man who has made a is a native of Northeast Prussia. In 154. with public spirit, believes in spending it hen, snuj at the age of 18, he came to America. lie entered into a New York mercantile house, continued there for four years and then struck out for California. Ho settled in Rabbit Creek, Sierra county a town now known as La Porte. There ho conducted a general supAfter a year's stay at Austin ply trade for five years, moving thence to Austin, Nevada. lie came overland to Salt Lake, arriving hereon May .!. 1("4. His store was opened in the same block ti wtyich it is now located. In the succeeding year his brother Sm joined him and the firm became Auerbach Brothers. Mr. Auerbach was one of tho first, to commence tbo erection ijf substantial business blocks in Salt Lako. The Scott-- uerbach building and the Progress building wero t ho lirst. of tho modern structures. Tho firm own the corner east of the Dooly Block, and will place on it one of tho handsomest structures in the city. F. H. -- 1 A I ren-ovatlonf- i E. O. COFFIN. y Coming to Salt Lake City in 1839 to open & hardware establishment was In tbe eyes of candid observers, as rash a proceeding as any man could well undertake. Yet that a man of tbe right sort of metal can accomplish almost anything lie sets out to do, has been demonstrated by tbo unqualified success of the E. C. Coifiu Hardware Company. E. C. Coffin Is yet a young; man. barely beyond his thirty-fift- h At bis majority be birthday. was a postoffioe clerk in his native town of Ottumwa. ijv. and later be became a mall route agent ou the Burlington Railway. In 1881 be was influenced by bis brother, M. H. Co fan, to come to Belle vue, Ida., and join him In the hardware business. In 18S2 the Coffin Brothers opened a branch store in Halle y. Ida., and' in 1883 at Kctchum. In 1888 the business was incorported as tbe E. C. Collin Hardware Company. July ? 1889 the Halley tore burned to tbe ground. The other two stores were sold in November and the two Coffin Brothers came to Salt Lako where the compauy .wrwS incorporated according to tbo Utah laws and the store opened la the new Progress build tn?. The city already bad several mammoth hardware establishments.: but tbe CofSns. trade grew rapidly until it Is now one of the prominent retail and Jobbing bouses or Salt Lake.- ' n, - ? 'Stocks of goods are very low throughout the Territory." replied Mr. Webber. "There must of necessity bo heavy purchases to replenish. We are anticipating a large jobbing business. Wo have now in tho East three buyors. and they will remain there till Feb- ruary. My Instructions to them are to buy carefully and to buy largely." "What do you consider the condition of Salt Lake City Itself?" was aaked. "The city is away behind tho Territory. Of this I inf thoroughly convinced. This Territory can, easily support a citv here of 100.000 population. Salt Lake should be as large or larger than Omaha to comport 'With the territory which is tributary to her." Mr. Webber spoke this emphatically and earnestly. "Has any change been made in the transportation problem the past year?" "Yes, and no. There has been no material reductions of rates. But the pressure is becoming very strong, and the railways will have to give in. Immense progress has been made in this line more than most people realize. This is the natural jobbing ln country. The point for the business of Salt Lake Is becoming SO heavy, the demands of our trade are becoming so strong that the railways will be obliged to recognize our natural rights. We are very near to Jo. realization of new railroads for this section. The day of relief from our tranportatlon burdens is not so very far away. Our steady hammering at the problem is doing good." "What is the' outlook for home Industries?" "Our institution is committed to their encouragement. Onr intcr-mounta- The original objects of this institution were uur manuiaciunng anu mercnanuising. enons bo nr ii&vo oeen in ino uneoi cotriir goods, such as are used by the farmers and the miners. We do not attempt the finer grades could not do so profitably. Our products in boots and shoes and rough clothing now compete with California and with the East. Our stockholders are likewise heavy stockholders in the Utah Beet Sugar Factory. Wo handle our home sugar and encourage its use. If the natural gas proves a genuine and permanent resouroe, home Industries will reoelvo a tremendous impetus." "Is there a better harmony In local trade than heretofore?" "Differences In the community have about ceased to enter Into business relations. Salt Lake has united into a solid business community to advance the general interests of the olty. The needs of one are the needs of all, and it; is necessary for the business Interests to work together for a common end."j George A. Lowe said his implement trade tor 1891 had been about 15Tper: eent below that of last year. The business, be fully anticipated, would recuperate during theN coming year. The country houses, while running close on stocks, had stood on a firm basis the season through. ' O. A. Snow, manager of the Consolidated Implement Company, said that their business bad run 10 per cent behind the previ ous year. This has been due to the fact. that money has ' been stringent through the country, mere nas not oeen tne railway construction there was last season, and there has been a cutting off of tbe "luxuries" of the implement trade, such as buggies and fine goods. At Ogden the jobbing trade had fallen off 40 per cent, so that the Salt Lake trade showed up flatteringly. In the line of mining machinery.such as engines, boilers and. heavy wagons, the trade has been exceedingly large. "I anticipate a" whaling big trade the coming year," said Mr. Snow. "Prospects never looked. better." Spencer Clawson said that their trade, which was an exclusively wholesale one, was for 1891 about 10 per cent less than 1890. There had been unusually full Stocks on the shelves of stores at the beginning of tbe merchants and. had . spent year, to the year working this down At a low limit. the present time country stocks are low. Mr. Clawson said his wholesale stock, of. which they have been taking an invoice, bad never been so low at the opening of any year as at present. With money easier, an increase In population and tbe promising outlook for 1892 in mining, there is every reason . for . !l LOUIS COHN. Louis Cohn. whose pa me has been for twonty-sl- x years a prominent one in the mcrcan tile interests of Salt Lake, is a native of Prussia. Ho was born In 1841 in a frontier town near the Polish border. Mr. Cohn's fifty years bear very lightly on his shoulders, and a least ten years younger. In 184!) Mr. Cohn camo to America. stranger would reckon him atwas a general merchandise establishment, at St. Louis, Sierra His first business enterprise California. In 1860 he took charge of a store in Poker Flat, a booming mining county. 5000 town of peoplo whoso uratses have been spoken by Bret Harte. From there ho drove his own team overland to Salt Lake, through a country filled with hostile Indians, arriva store just ing here in October. 1865. Tho trip consumed an entire month. He opened north of the present site of the Descret National Bank, and successively moved to where Wasatch Drug Store and the building now stands, thenco to the site of tho location in 1874. Mr. Cohn's business so greatly; enlarged that he finally to his present doubled his store room the present se:son. Mr. Cohn has been a very prominent man in public affairs, and was elected a member of the City Council by the Liberal party at the last city election. -- Scott-Auerba- ch wPs- - -- OS. 4 . trade. In the "Blacksmith Fork"! country, of Cache county, he understood n group of mines had recently sold for $150,000 to New York parties. The development of those mines would throw a million dollars Into i - been effectually performed. It wasuntalr to compare '1891 business with 18901 but bringing it faoe to face with any of the prior years, and 1891 will show wonderful growth. Mr. Coffin said that having for many years occupied the position of a "country merchant" and now botng In thereverse situation of a Jobber and city dealer, he thought be could appreclnte the local situation. What was needed, be said, was to create, a feeling among the town merchants that Salt Lake wis their trading point; to bring In the msrohants from "the provinces" and make them see that Salt Lake was prepared to iglv them goods at ..bottom prices. Demonstrate to them It Is cheaper to buy here than go elsewhere. Many of the counto comprehend the try merchants did not'get fullness; of Jobbing stocks here. F. E. Houghton was not only satisfied, but Jubilant. The business of the Lace House for 1891 was far aboad of 1890, and metaphorically speaking be was j"away up on G." Not a dollar had been lost In collection, the prospects were glorious and a new four-stor- y building necessary to meet their Increased demand of trade. John E, Dooly said that for Its popular Hon Bait Lake bad had fewer failures and was In si better condltloa thanany other city la the United States. The business Interests of tho city were oxceptlonably stable. .Interest on good security was about 8 to 0 per cent. Bank rates wero from 8 to 10 per cent. Tbo merchants were not cramped. Some peoplo bad gained tho idoa that the banks bad been calling In their loans during tbo year. This idea, which was a mistaken ,pne, bad arisen from the fact that the demands on the banks bad been much Iseavicr, owing to so much money being sent ..t cf the city for material. Construction . What is the general condition of the country stores at this time?" was aslted Mr. , -- the proilemto "clean ups" but this erf business. As a result, while credits have been as sound as ever, settlements have been slower. Country merchants have: had to carry their customers till crops! were harvested or wool sheared.' before getting returns. We. in turn have had to give the name leniency to the country; stores. Everybody has realized the stringency, and there has been no disposition, from high to low. to crowd. Securities were absolutely solid it was only .a question of a little accommodation in time, and by all it was freely given. Salt Lake is a long ways from money centers, and financial movements are slow to reach here. You will remember that long after the East was experiencing financial stringency and depressed markets. Salt Lake was moving in easy times and good trade. Now the East is enjoying a return to better times with easy money and lively trade; but I do not expect the wave to reach us here much before the coming i ! pro-soun- ded trade. I id , ws Vf. S. had been Inordinately heavy during the past two years, and of course a great proportion of the cost was taken Out of the city. Altogether the local money market' for 1891 had been comparatively easy and would continue so during. 1892. Tbe aggregate deposits In Salt Lake banks are greater than j this timo last year. C.H. Parsons. tbebook-dealer.sathe business of 1891 bad been SO per cent heavier With him than 1890, and the December boll-da- y trade twlee as large. He confidently anticipated a gain of 50 per cent next year, was preparing for such a trade and would be disappointed if It were not realized. Cyrus L. Ilawley, assistant cashier of the Utah National Bank and manager of the clearing house, said that their bank's deposits had doubled during 1891. and that tbe money situation generally was easier than generally believed. The present stringency, which had lasted eighteen months, gave evidence of easing. John J. Daly said the increased revenues from Utan mines had inspired confidence in this locality. Eastern investors, who bad suffered from bad railroad and farm Investments, were looking favorably toward our mines. If unfavorable legislation on silver did not give our rising industries a black eye, this region would see an inflow of much eastern and foreign capital. Mayor Scott, who has been a constant victim of the interviewers since assuming his robes of office, was disidclined to say very math. The trade of his hardware company was fully equal to the previous year. Collections were slow in the wholesale line, but credits were solid throughout. Kalt Lake bad had a better year than any of the western cities. We need manufactures. If the gas wells, which were yet an experiment, shoulu prove of sufficient magnitude, our position as a manufacturing center was definitely assured. T. R. Jones said that business had been far more active here than elsewhere, and that, despite a popular Impression to tho contrary, money was now fairly easy. Eight per cent was the current rate for loans on good securities, and 10 per cent cn bank paper. The lumber firm of which he was the head had a better year in 1801 than any previous one, barring last year. In January and February money had been tighter than a ship's bottom, consequent upon the London complications, but outside of those months It had been well supplied to this market. H. A. Fyler was full of enthusiasm as he showed The Tribcse man over his new store and pointed out the great improvements being mado by his firm. He said their business bad increased 40 per cent Jn 1891. "We are doubling our stock; that will tell you what I think of the coming year." laconically spoke Mr. Fyler. James ,T. Clasbey, president of the Salt Lako Hardware Company, said that his business for 1891 was way ahead and over anything they had ever known. If any "kick" was coming on trado it would have to be found In. some other direction than his establishment. Their new store had given them extra elbow room, but all of It had now been utilized, and he could not understand how they had ever gotten along in tho old quarters. , Mr. W. H, Remington was inclined to be a little pessimistic, and thought merchants in general took too glowing a view of condihowtions here. On ever, Mr. Remington admitted that their trade had been as large as the preceding year, and the main cause of his tribulations was the enormously high rents charged in Salt Lake. As high rents, however, are a feature of rapidly advancing and prosperous communities', even. 'Mr. Remington's plaint was an argument in favor of tho city. Henry Lawrence Said Salt Lake would in his opinion march rapidly forward as soon as tho Eastern money market eased. There wero .here numerous opportunities for handsomely-payin- g investments. Two or routes were open for railway construction that offered rich profits. One was westward to Deep Creek, the other toward the southwest to Lower California. They heed our coal in that region. These two roads would be of inestimable value to Salt Lake. It was foolish, however, to think of local eapltal undertaking such mammoth enterprises, as there was not enough money in the community to do it. He believed that the natural gas recently discovered would prove a genuine bonanza, and that it would be a means of giving a great impetus to the city. W. F. James said he was engaged exclusively in raining and could give no Opinion of worth on other subjects. He believed that there would be a steady, continual growth In the development of our inineral resources, but looked for no boom. Business men agreed in saying the local Situation was not only hopeful, but that they are assured a good coming year unless some unforeseen calamity should occur. There Is a greater harmony between all classes and trades in the city than ever before. Money is becoming easier. There is much Inquiry directed here frpm other points. Salt Lake has a. good standing all over the East and West. The mining output, which increased by three millions this year, will show still better results next. There is not only hope, but there is established confidence in all local industries and trades. One of the most valuable interviews secured by The Thibctkk for its New Year's trade review was from Thomas G. Webber, generalBupertntendent of the Zion's Cooperative Mercantile Iustitution, cashier of the Zion's Savings Bank and director in a number of Salt Lake's most prominent enBefore expressing himself for terprises. publication in Thk TBtBipxK, Mr. Webber made a careful examination of the company's books, and thoughtfully considered tbe questions propounded. Aftrthat be spuke freely and at length on tbe subjects referred to him. His statements areof peculiar weight from the Influential position" be occupies, enabling him to view tbe trade situation of Utah from a higher point of view and with a consequently wider horizon than almost any other man in tbe Territory. Furthermore, bis opinions were delivered with accuracy and deflniteness. "The total sales of the Z. C. M. I. for the year 1891. In all Its departments except the drug department, amounted to $2,244,353.00. This, you understand, refers exclusively to the Salt Lake bouse, and does not lnclu de the Ogden or other branches. The sales of the drug department I have not bat they yet received In accurate numbers; will be la close proximity to $100,000. This Will. In round numbers, make the Salt: Lako sales aggregate $2,300,000. As compared with 1S90. this shows a falling off of between io and 12 per cent. This. I believe, will about represent tbo average shrinkage in trade for Salt Lade City during 1 890. The cause of this shrinkage lies In tbe general money stringency and was not due. in a measure, to local causes. Our times In Salt Lake and In Utah generally nave been much better than in surrounding States; very much better than tbe States east of us. As compared with T acorn a, Seattle, Spokane and tbe northwestern country generally. Salt Lake has enjoyed great prosperity during the past year. The sales of 1891, the figures of which I bare given, are In excess of any previous year except 1890, when we bad an extraordinary trade. Collections have been slower than usual, but no unusual losses have been experienced. There has been too small an amount of money In circulation to properly carry 35 the Cache valley; and prosperity there and in other valleys through Utah immediately shows Itself in tbe Salt Lake tradeT-S. H. Hill, superintendent of the Company, said there bad been a 10 increase In their jobbing trade In cent per 1891, Their wholesale trade is almost enfrom tirely dependent on' the mines, and revethis source bad come their Increased nues while merchants in other lines of trade were losing. They bad done an extraordinary amount of outfitting for prospector s. Their retail trade had fallen off. owing to Change of business location. "I regard the prospects of 1892 as being tbe most flattering ever known at a year's opening here." said Mr. Hill, emphatically. My: advices from Eastern friends and business " are that is money and easier gives promise getting of being plentiful as soon as the crops are in. Tbe mining output of. Utah for 1892 will be larger than ever. "We will have prosperity I That is my judgement." John C. Cutler said their wholesale trade In Provo woolen goods bad increased IS per cent in 1891. They have extended their sales to Iowa, Illinois. Mexico and California, keeping fifteen salesmen on tbe road. The retail trade Is about on a par with the previous year. The Provo plant had been enlarged, new machinery put in,, preparations are being made for a greatly Increased trade tbe coming year. In the line of meat, fish, fruits, vegetables, butter, eggs and provisions generally the jobbers report the trade of 1891 as phenomenal. The increase has been rapid and steady all around. This has been dus mostly to the energy of the commission merchants in working np trade. The number of wholesale dealers has Increased, asd each of them has had a. steadily growlr trade. The fish market has been actlv-- , and Salt Lake as a consequence Ji f another canning factory hers t- . c 1 . season, oysters being etl-- r i . and then packed. 0:a c ., tfes Hanson Pro! 2:3 Cor . Cun-ningt- on S. KELLNER. Kellner is one of Salt Lake s prominentthis-cit-merchants recently attracted to the Kocky was to have a elorious future. Mr. & premonition that Mountain metropolis-bi S. y y Kellner is a native of Hungary, coming to America In 1865. at the age of twelve. In 18it0 he moved from Cleveland to Sidney. Neb., where he opened A general stock of merchandise. Feeling a desire to extend his business to a wider sphere, he moved to Cheyenne in 1883, where for seven years he held a large trade. Disposing of his store there, he last taking the rooms vacated by the postoffice. Which had been year removed to SaltforLake, bis stores. fitted and equipped -- v R. C. CHAMBERS. Among tbe representative men of Utah Is R. C. Chambers.. In mining he Is tbe pre citizens of Salt Lake be Is one of tbe foremost. eminent figure. Among the publlo-spirlte- d In business be Is Identified with multifold enterprises- which make np tbe Industrial of the city, Yet to meet him, Mr. Chambers is one of the most unassuming, pleasactivity t ant and approachable men to be found. V. ' v Mr. Chambers was born In Lexington. Ohio, Jan. 10. 1832. He Is fn every sense, a "self-madman. Like so many others of our prominent citizens, his first training was In tbe mines of California, whither he bad gone overland in 1850. His first work was on the American river, which he quit next year for the Feather River country, which was having what in modern parlane we call "a boom." Here ho was engaged both as a miner - f! -- e" and as m camp-trade- r, turning bis band from the one to tbe other as opportunity offered. 1869 he went to Nevada, and joined tho vast army of prospectors swarming through the bills. Attracting tbe attention of George Hearst, subsequently "Senator Hearst," be obtained that gentleman's confidence and enlisted his capital In various mining entera number of mining claims In southern Utah, when; prises. In 1872 be was managing was directed to a promising prosbeing temporarly in Salt Lake on a visit his attention saw Chambers's skilled Ontario. called tbe eye possibilities in tbe hole there great pect be secured it for the sum of $30,000. The! opened, and after considerable maneuvering mine from that day to this is a record of Mr. Chambers's ability, integrity, history of thatand courage. The highest tribute that can be paid Mr. Chambers is the perseverance mine in the world." The reputation the Ontario has acquired of being "tbe be managed wealth acquired by Mr. Chambers has not been stored away in bonds and securities, but has been Invested in the varied channels of Utah's industry. While a great share of Mr. Chambers's time is employed in the superintendence of . the Park .mines, bis borne and ; City, nd here- are his business headquarters. 4 'family are laonSalt Lake cut page A.J In - 1 59 4 t |