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Show T f e -- rtV THE rjSS ; By HOWARD J, STODDARD, tf O THE Y n visualize the complete picture of a communitys materiabresources ' i.,i r. and standards. - A3 7 , The total resources of Salt Lake Citys banks as of June 29th are $91,682,118.8. To this t .. 12.. M I 1 I . j I 1 1 -'" .ts;. S3 Aw. a r n ,jnvi - rfl TA' A 4 f . ill.'! " 5 At jrti v rM) i X"5 . i r, r ' i National Copper Bank nt world in general, where the dollar has a greater purchasing power. Economists can readily chart and graphically verify such a state- COMBINED STATEMENT of Salt Lake City Banks June 29, 1929. ' FOR ALL COMMERCIAL . TOTALS Loans and Discounts Real Estate, etc. Cus. Lia. Letter Credit ment as pertains to the physical and tangible forms commonly expressed in terms of money. Any student of life realizes, however, that the greatest values are BANKS: $47,817,769.95 2,971,867.00 83,661.00 U. S. Bonds 6,181,297.92 1 Other Bonds and Security . . . 6,224,248.22 Cash and Due from Banks .... 18,355,583.00 Other Assets 47,690.99 $91,682,118.08 $ 5,600,000.00 Capital, Stock . . . '. 2,372,000.00 Surplus amount could logically be added the resources of other financial Profits and Reserves Circulation institutions, making a total well Bills Payable in excess of $125,000,000.00, a Deposits sum of considerable significance Letters of Credit even in a day when the "billion has become a commonly accepted financial word-Sin- ce the de- flation days of 1921 the local banks have been steadily forging ahead in resources and stability, and there could be no better indication of the sound economic strength and prosperity of this community than that reflected by the accompanying statement. Utah is rapidly approaching the day when it will have at its command the capital necessary for the legitimate expansion of business and normal credit requirements. ' , Vice-Preside- commercial and savings are the main arteries of trade through which flow the business transactions of the community, thus giving to the bankers an excellent opportunity to - .v JULY 13 1929 SATURDAY Where the Purchasing Power of the Dollar Is Unexcelled Greatest and sperity x IL - DESEEET NEWS . ....... i seldom expressed in tangible form, and it is within the State of Utah that the intangible elements of education, environment, spiritual atmosphere, home life, and 1,552,457.41 1,022,697.50 706,500.00 80,344,702.17 83,76 1 .00 $91,682,118.08 all other basic qualities conducive ; to a high standard of living are found in rich abundance. The average individual as such is sur- rounded with a material wealth which is greatly magnified be cause of the intangible forms which may be added to it, and it is here that man may now live, and live abundantly. r All signs now point towards a new era of industrial development. Only recently a large and successful Southern manufacturer established a plant in this community and after, but three years of business makes the emphatic statement that This is the place. He believes that his own success will be duplicated in many other lines; of business and pays splendid tribute to the class of labor which he believes to be superior to that of any other community. . Since the advent of the pioneers in 1847 the growth of this commonwealth, when compared with other sections of the country, may not show the same large totals either in population or material wealth. It is wrong, however, to place any particular reliance on group figures as being indicative of the well being and prosperity of any communP ty. There are few if any places in this country, or in the Capital and labor combined have already wrought the miracle in the intermountain country, but this is only the beginning of an empire which is being designed for the benefit of those who call it "Home. 5 This is the 27!st page in the series which, with a supplementary editorial is devoted weekly by The Deseret News to advancing the interests and welfare of Utah and the Intermountain West. .Readers, are you DOING YOUR SHARE in this worthy enterprise? How are you showing your interest? Read these pages and know why, THIS IS . THE PLACE. If you are not a subscriber to THE DESERET NEWS, join us now and help boost Utah and her wonderful resources and advantages. , J, . , iA jjhr- - i nAanaa |