Show THE TURN OF THE TIDE the cashier of one of the leading bustness business institutions of salt like city said to the writer today this week has been considerably better in collections and trade than last week was and last week was wae better than any we had had bad for four months say that much to the readers of the NEWS it is ie true and it will perhaps make their thanksgiving meal whether of turkey or not taste a little sweeter in the mouth 0 O so 80 in my iny other business men have given substantially the same verdict SO as to the improvement that there oan can be neither risk nor mistake in calling attention to it we would not raise false hopes or impart too rosy a tinge to a prospect which has looked invited so for biddins bladin ir for the winter but we shall not deny the that comes of the to make this report truthfully for its tendency will toe be to restore confidence and confidence dence is more a necessity iu in present commercial and industrial ludu affairs than cash there will still be necessity for close economy in personal expenditures t and retrenchment in all that will admit of it without actual losi loaf but there to is an unmistakable revival in the various avenues of business and a welcome loosening in the stringency which has been so intense in this connection it may oot not be amiss to note that a gentleman who recently returned from the east brought with him a copy of a report made to a leading firm of new york bankers by a representative of their house who looked this cou country atry over as to its prospects and resources and the security it offered lor for the investment of capital the comparison drawn between utah and some of the adjacent commonwealths is most to us uis so much so indeed that the NEWS hesitates to reproduce it lest it should be deemed odious to our neighbors there can be no n impropriety however in giving a brief summary of thu the compliments ments bestowed upon utah and her people ibe expert referred to says he hels is more then than ever impressed b by the future possibilities of the territory its ito agricultural condition has reached a high state of development but as regards gards mining and manu manufacturing frActuring its resources have been scarcely touched the per capita mortgage indebted indebtedness new is smaller than that of any other state or territory the population is thrifty awl and economical and in hard times like the present they simply live more economically but do not show any indication of being willing to g into debt their progress has been steady and the tb fact that they have attained buob such success against the obstacles which existed when the mormons cormons first reached utah shows that with the facilities now offered utah must ultimately ti become became one of the greatest tates states in the union instead of fighting on the mining issue as many of the other western states have done utah has faced the jon and the mine laborers and others have accepted a reduction of wages all the banks have a good reserve and this Is largely because there is very little disposition on the part of the people of utah to borrow the trouble in utah was certainly not entirely caused by the stoppage of the mines the territory shared in the general business depression and will recover with the general recovery but I 1 think more rapidly as the people are not in debt there is much more of the same friendly tenor in the report before us but enough has bas probably been given to show the reader how capitalists regard the people of this territory and their credit the latter remains una unshaken baken by panic depression or even threats of revolution all around us it constitutes utes a bright record dand and to is more precious than silver or gold |