Show WHERE ARK WK NOW SALT LAKE CITY march 24 editor deseret deveret ners Every everybody bod says we are having a boom 11 Tp I 1 presume resume that what everybody says must be true but it looks to me like a great deal ot of fizzling fizzing among real estate adeas such a boom means a temporary excitement in the transfer ot of property motley money for speculative agents and then a collapse some claim that it will be a great benefit to our territory la in what placing fictitious values on real estate or in making people outside believe belleve there are great opportunities lor for making fortunes here and causing them to ruah in there can be no doubt as to these being the chief results of the present hubbub A boom is of no value to any community unless it results in enlarging tue business and increasing the per manent wealth of the people to take a piece of ground that heretofore has teen been valued at ipso 50 and put the price at while at the same time nothing idone to increase its productiveness is no gain it is rather a loss yle tie principal effect the increase in figures oas has is to give the tax collector a better grip on the owner he be can raise just ten times as much taxes as before but the individual does not possess or receive an any y more but says one we are going to establish substantial industries and thus make a grand thing out it maybe we are out but it is always going to and never getting there we will have the blocks cut up and opened for fer business yes and do as we have bave done sit still waiting for the business to walk around and fill up the corner lots we are to have a big chamber of commerce building ohl ob yes boom I 1 bang I 1 fizz I 1 I 1 its on paper land loois looks an immense thing well see what it is when we get it last fall we were going to have some thins stupendous everybody was to be fixed up in high style and the millennium for easy livin living nad had come we were to have a railroad a to los angeles i and to get it in a few minutes as it were then we were to have two and it was to be a race at breakneck break neck speed as to which could get there first the union pacific or the salt lake nevada los angeles there was noise no end of it and that was all where now is the thea x S L N al L A ask of et the waves the union pacific put a few surveyors urve in the field and aad the other seemed to have got out so fast that it left not a trace behind there are two occurrences of recent date that indicate the shallowness of the foundation on which the boom is permitted to rest and go to show the necessity tor for the adoption of means to increase home production and give employment to many idle persons one of these is the case of a young man now in the penitentiary charles sayler last october he be came to utah bearint bearing of the good times he brought wit with him his young wife and hoped to make a start in me he sought employment but in vain at every point he was aside with the information that all places were filled month after month he met with this discouragement and grown cle desperate sperate at last he be forged a check to obtain means ot ol subsistence and clothing he was caught admitted his guilt and stated his bis circumstances he was sent to prison the court imposing the shortest term prescribed by law one year while his young wife in delicate health was left to get along as best she could at the mercy of strangers and all this be cause the man could find no employment and could not raise means to seek it in another field Theo the other therease case A man D B cobl was unfortunate in business in nevada and failed he had bad a family to support wife and children dearer to him than life he came to utah and sought to obtain a livelihood his story isto is told idin in his bis dying ayin testimony lie he had bad failed utterly failed failed to got get employment and aind driven to the verge of insanity lus aulty by 03 his troubles and the prospective p suffering ot of his wile wife and cros babes be lie be took his own life are not these things a sad commentary on OB the course now bein being g pursued great words and foolish actions is the he judgment that will be passed in tie the t light of such evidence ex ermence per p lecce shows and time will prove that hat t it if we are to have a substantial boom we muse return to first principles lea and an by working wo ing more and an crow ro ing less es establish blish ourselves on the r rock of material a rial progress and internal develop development me t that we may withstand the storms 0 of adversity it is too late when we sap the foundation by foolish methods to bolsted the tot bering structure when we relinquish the ground aund whereon we have stood it for those who have occupied it to say what can and aad will be done and we can only bow in oar self imposed slavery or seek to retrieve lost fortunes in ather and less congenial climes |