| Show FINANCIAL STATUS AND OUTLOOK editor deseret news what is your view of the present local financial situation and the future outlook ENQUIRER SALT LAKE jan 1891 the money market is tight one of the chief causes of this condition la in that it has been drained by an erces sive building boom most of the structures have been erected on borrowed money hence cash has been taken out of the marts and distributed throughout myriads of channels this produces prosperity among the masses mames which will continue tor a time so long as ebe building furore continues after that it will subside and the people will be pinched unless a phenomenal increase of population should almost immediately ensue a collapse of the I 1 building boom is inevitable because the finest structures have been erected upon the amis of prospective or anticipated rather than present or immediate business hence there is a profitless gap between the present and the time when these ex and expensive edifices will bring returns in the meantime there must come a stagnation which will reach all classes class of people when improvements prove ments suspend work become become scarce and the poor suffer while taj th rich are perplexed g the agricultural outlook is not pro prom ising although it may by a sudden transition of atmospheric conditions improve practically there has been no snow this season in this region if this should continue much longer it means scarcity of water and should we not be blessed with copious spring and summer rains it would be followed by the usual results drought and light crops even evea if snow should fall copiously it would in the valleys val leya descend on frozen ground and the moisture would not percolate into the soil in the mountains it would be light and easily melted by the early summer sun resulting in freshets fresh ets more or less destructive instead of being held until it is needed to make the low lands fruitful we do not desire to present a gloomy picture of the future but we cannot set 04 aside the natural law of cause and effect for the sake of making people feel cheerful and inducing them to live a happy chappy go lucky life squandering their substance without refer reference eric to possibilities that are rapidly assuming the aspect of the probable ii if anybody can draw brighter deductions from the present situation we would like to examine the picture of his painting in order to see whether it to is a logical creation of course circumstances cum stances that do not now appear on the business horizon may develop but they constitute an unknown quantity 11 and therefore cannot be safely counted upon however let everybody be cheerful and hopeful without being careless the provident and wise will not squander his means in foolishness or live beyond them he will keep expenses down so as to be inside the limit of his leave a little margin for a araina rainy day or for a time khen there may be little or no rain and above and beyond all he will reserve on hand band a little breadstuff that will enable him with his family to bridge a time of scarcity that may be closer than most people imagine |
