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Show THE CITIZEN 10 RAILROAD EXPENDITURES glllllllllllllllllllllllllllHIUmilllllllllllMIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIimilllllllllimilHIHHIIIIIIIIIIIIIIIUHHHUHIIIIIIHIIIHIimilHHIHHUHUHMimmMHIHmUlUimi11 3 i fnii UTAHS INDUSTRIES An expenditure g i nut CHAIRMAN FERRY TO NAME SILVER COMMITTEE SOON MINING INDUSTRY BOOMING ON AMERICAN CONTINENT New Organization May Be Able to Dictate Fair Price of White High Price of Metals Adds Impetus for Developing and Results in Big Ore Shipments. Metal. HEAVY TAXPAYER. of over $50,000,000 in double tracking the railroad from San Francisco to Ogden, and the erection of a big rock crushing plant at Lucin, is part of a railroad program in which Utah will be greatly benefited. $40,000,000 is now being expended in the purchase of freight cars and new equipment, which brings the total nearly to $100,000,000. The Union Pacific pays $36,306 a day taxes, which is an increase from $4,668,875 in 1912 to $13,251,552 in 1922, and therein lies part of the excessive freight rates prevailing today. The more taxes the system pays the more freight rates must advance. Somebody has got to pay. Total taxes paid by all railroads of the United States in 1922 were which was almost as much as the cost of the digging the Panama canal. Taxes exceeded cash dividends paid by the railroads in each year since 1917, or the entire expense of running the United States government in 1916. They amounted to 5.4 per cent of the entire gross earn- $304,-885,1- W. Mont Ferry, chairman of the Silver Conference, members of which met last week at Reno, Nevada, expects to name all the members of the commit- tee upon organization during the coming week. When this committee is ready with its detailed work, Chairman Ferry will call a meeting at which will be perfected an organization to deal with the world ' silver question, both from a mining standpoint of view as well as from a monetary. The eyes of the capitalistic world, as well as all interests connected with mining operations are focused upon this conference, and its work of the next sixty days will be keenly watched, especially by the heretofore silver controlling interests of London. In past days, America has produced the silver and Europe has dictated the price. Therefore large properties in which immense fortunes were and are tied up were at the mercy of the price dictators, and as a consequence the silver mines operate or law idle at the will of the market manipulators. From now on things are going to be different. All the large silver developing interests of America have met in conference with greater success for their just cause than ever anticipated, and it would not be asurprise to see silver go over the dollar mark before long to remain there. Mining men from all over the country, both from North and South America, are highly elated with the progress already made, and to Salt Lake City belongs the distinction of naming the first chairman of this great conference of mining men W. Mont Ferry, managing director of the Silver King Coalition of Park City. No man is better versed in silver and metal mining, milling and subsidiary plants than is Mr. Ferry. i WESTERN MINERAL SURVEY PASSES TO NEW OWNERS The Western Mineral Survey, a weekly paper devoted entirely to mining1 news and mining interests, has been taken over by the Deseret News Publishing company. The C. S. Goddard company, the original owners of the Mineral Survey, has disposed of its entire holdings to the Deseret News, according to the records of the county recorder. It is said that the paper will remain in the field and will be published by the Deseret News. Charles La Bronte will edit the paper. Ben Hite, former editor and well known mining reporter, has resigned from the editorial staff because of pressure of other business. Mining interests in South America aTe booming more than they have for many years. The high price of metals has been the controlling factor in the work, and if silver should take a jump upward the larger silver properties would work additional men. Canada is fast coming to the front as a mineral country and many paying properties are being opened up, especially is this true in the western portion of the country. Mining interests have invaded Idaho with a vim and the state this year will produce more valuable metals than ever before in the history of the state. New properties are being daily developed, and many of the old mines which had been abandoned are again worked under new methods with marked success. Mining in Utah is at its height and all the camps are going at full blast and many ore shipping records have been established and broken during the past six months. The industry wTas never upon a more substantial basis. It is the first time in several years that the mine owners have made money out of their properties, this being possible on account of the high price of lead, zinc, copper and silver, although the latter two metals have declined in price to some extent since last spring. The call for stocks on the mining exchange has been increasing of late and there is every indication that the coming winter will be a good one for the brokers. There is a steady demand especially for the dividend paying stocks. PRICE FOR ASKING. Lumber dealers can see a chance to boost the price of lumber a few dollars on account of the disaster in Japan. It is not going to cost any more to get out the lumber from the lumber districts and why not get the price for the asking. Everybodys doing it, doing it! WHAT PUZZLED HIM. A Scotch professor was advocating The Roman youth, he declared, used to swim three times across the Tiber before breakfast. Observing a smile on the face of one of his students, the professor demanded: Mr. McAllister, why do you smile? We shall be glad to share your amusement. I was just thinking, sir, the student replied, werent the Roman youths puzzled to get their clothes at the end of the swim? Edinburgh Scotsman. C. ings. Railroads are the largest taxpayers in many states. In some counties railroad taxes equal one-ha- lf the total. Detroits municipal railway system had a net operating loss of $20,000 for July, compared with a net profit for July, 1922, of $100,892. Officials blamed the recent wage increases. 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A MONTH $5.00 cannot afford to be without terms this great you We will be pleased to tell you more about the superior qualities of the Premier. 8384 HENDERSON Furniture Piano Large and Small Auto Van and Moving 4 Nea Building Salt Lake City, Utah dif- CLEAN ELECTRICALLY Provo and Springville business men and owners of property, especially adjoining the iron industrial plant which is being built by the. Columbia Steel corporation, are becoming prosperous and there is a big boom in the two Utah county towns. When this pig iron plant is completed, which it will be by the first of next March, and other plants come in, there is every reason to believe that Provo and Springville will be linked into one big city, and it would not be surprising that the plans which are now being laid are for the building of the largest city of the state. Factories and industrial plants make cities and the building of homes is now going on at a rapid rate with a larger demand than the supply. 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