Show S SJ 1 S J S SV S- S fL V k t tf f s ik r i A t iM I Samuel New hOIle C J I I SAMUEL NEWHOUSE TO Tn INVEST T SIX MILLIONS IN SALT LAKE r j Mining Magnate Has Purchased Seven Acres in the Busine Business District for Which He Will Pay One Million One Million 9 Dollars 1 or J c WILL ERECT BUILDINGS TO COST GUST FIVE MILLION t r f f r I lc i f J r ci Is' Is rf J I I 4 7 V y rr r Plans lans Are Ate Now Being Prepared For a Twelve Story Fir rV rl Proof Office Structure and d Another Office Bl r r a v H in ing of Eight Stories V f I I 4 t i t l' S 3 4 i I 4 Sa Samuel Newhouse has bought for tor or about one million dollars dollars 44 4 nearly seven acres of or land near the federal building His III plans r ns n's for tor forthe t 4 the Improvement of or tIm iho property contemplate the exp expenditure of ot about live million dollars additional an and 1 include the following following- pro pro- 4 je ts 5 4 4 A street will be cut through from Main aIn to State streets t 44 4 ing at the present entrance to Casino Park and coinIng out Just t Y 44 4 south of or the Intermountain Milling Cos Co's building on on State Slate street t. t 44 4 p. Another street will ill connect this street with S th t- t 4 I No names have yet been given to these new str streets streets' ets but Cactus J l 44 i- i and Boston have been suggested In honor o of Mr Ne 1 two J i 4 I- I mining 44 great greot properties In Utah j 44 4 I- I A twelve story building of or steel granite and torra d td q e eI 44 4 I completely o fire proof will be be erected on Main t on the i 44 4 side Q of the tho ne now new v street to be bo created Another o office building or o t 44 4 eight stories wilt will be bo erect erected cd o on the south aldo Qt o the the- same name J 4 two buildings are to tn cost coat about Y and th wU wm e r ready ady for or occupancy within a year 1 t I ri I- I A combined hotel rind and opera house hom o will wUl a 1 Tain T and Fourth South streets where i o ono o h. h now v standA j 4 Ji j b Other will be sin au c cor o k 4 Years A new v Department st stOre re Is ono one ot- ot m 1 considered s l tJ In nort t. 11 l Cv Nho frt oy cf T on 1 lart l yol hrut r L-r rO lP rn t 6 V t J tl 4 a m e N. N v Jm hO H hw has 1 purchased M of oT i lund d. d iJ in inho ho li Lake City paying f for forthe district fi do dol dol- dol oJ- oJ m million about one on l n tJ the p boUt l i a d u oH this this f he h- will millions million five five- erect build buildings Ings to lo cost V mo more th the The rhe property purchased purchased Includes south fouth halt half of or the tho block bounded b by Main ruin State Stare Third South and anel Fourt Fourth South streets with th the exception O of ot two pieces of land Jand and al also o South streets and Fourth State Stat f feet t on building and ju just t opposite the county fp feet t In the northeast corner cornet residence evidence block Walker i re old of the lie otTIce ollice The erection of or a a. twelve story tory of or- office building and amid 1 another elSh story eight ice fice building JI b bi be commenced as materials and labor can cnn be soon oon as The plans aro arc now flOW In in III the time obtained archi archi- architect eastern castern hands of oC an Ut eminent m the tho ted and arid It I Is expected that willbe will willbo buildings or at least one of them They completed a year be bo Other about I wilt will cost in Incent I buildings to cost arc are contemplation cent em piat I oil outline of or a n real merest tile the Is This for tor magnitude e that scheme c state estate quickness of conception and boldness equalled been hen has never of oC execution approached In the history of ot or r even een Salt alt I Lake ake CIt City New nu tn s DI District contemplate the tho cr creation atlon The plans district in lit the heart of DC a a. new business between the tho Federal Fedral Fed Fed- of If the city directly and the Ct City and County building eral ral through street will be cut A building Main street to State Stale from Crom the Lile block the tile Casino Castrio Cast Casi what Is now street through street tret will run lun another and no rio park of the block connecting connect connect- from the tho center with Fourth South log ing this new street Street t the tho halt half block D By Dy this tills arrangement will be b Mr Newhouse by purchased small squares Th Tile The split up Ull into two Mr absolute ab- ab absolute absolute ab ab- be to give will effect three-quarters three of oC ofa oCa ownership of a solute mile mlle of or business frontage with eleven cleven valuable corners Present to the time City to from Main Iain extend extending Ins Tho The street within the block and State streets convenience be called caned for tor which may official official of of- want of oC an avenue for Cactus wide feet foet sixty six title will be by a u tunnel large largo It will vili be and to enclose all wires pipes enough elt city of a modern other necessities and at ot each building with connections with street will then be paved the and brilliantly lighted b by dee elec electricity asphalt from Mr lr private ate tricky In every When fully complete plant appointment the street tOGether with south north-and-south street connecting tho will be Fourth South street t. t it with to the city cilY in whom the over turned will thereafter remain Tho The lamon land lam landon landon title streets will be laid is these on costing which Mr Newhouse and the Improvements will co cost t a great additional This Is Mr Newhouse's Newhouse's New New- deal houses house's gift gt to tile the city of or Salt Lake Detailed announcement of or the above yesterday at Mr facts acts was made mado tte Han- Han Newhouse's es e's by Laray Lafayette right hand man The rhe transI trans- trans chett his I cu outwit n consumed only ten days and the tha thelast have o'clock last ast option was signed after aCter two yesterday afternoon As soon oon as ng the tho abstracts of or title HUe can bo be examined the money mone will viii be bo paid over and within sixty days s 's Mr New house will b be in possession of his newly purchased land North of Fourth South street between Main and State streets ts the property acquired Includes the time entire halt half block with thu tho exception of ot the Kimball corner at Main and Fourth South streets and tile the Federation of oC Labor building at and Fourth South streets Two T Office Buildings It Is la is Mr ri hO e S s 's Intention to toI tofI I- I fI Y rJ fC L LI I l t ra tol tt n e CJ n. n h b S lt 1 fleo co JIn TS s at tr let t. t t f now I oC of tho now street ata I th the on the Uio new now street One ot of f t thesa will JJ be twelve stories sJ high ot of ste steel l. l granite marble o and h teh rr It Will be constructed with a n View to to tenancy b by lawyers rs aridas n arid and andas as os a sp special inducement a n fine line law Jaw tho the Missouri library th time the finest t west of ot river will bo be established to which the legal leg occupants o of or the building will wll have o access CI P flery floor door of or this building building- will he be connected with the time by by- bya a 1 pneumatic tube tuba so o that letters dropped In the slide In nn any part of or the buildIng build build- Ing Ing- will be he convoyed conveyed to the tho without an delay Tho The other building Just across tho the now hOW street from from Crom the tho will be eight stories in height and of ot similar construction construction con con- to lo the twelve story building Both Doth structures will be he somewhat similar In lii outline to the V Wells lIs building In ii Milwaukee Cud the architect of oC that building is oven even now iio preparing the plans Pow Power Po r Plant The These e two iwo buildings will h be he heated and rid lighted b by a private plant erected and maintained by Mir Nir Newhouse Ih They will hey be he cohn by a tunnel 1 iner under im- im der er this iho street So far Car alon along have havo the tho plans advanced advanced ad ad- that lint already applications havo hU been ecil made for space in th the tho new buildIng build build- Ing rigs and amice a hu has been given gInn that hat two banks ono one of or the tho larg largest t hoU houses es In the tile cU city and various var var- ious lous other enterprises will find quartel'S quarters tel'S em there In short it Is Mr New New- louses house Intention to lo have ilaVe eVer every pos pos- possible sible ible kind of or 1 represented d within his domain Among the tho business enterprises now noVo In n contemplation for tor or the tho are area a 0 large department store and a n. theatre and lId hotel building combined The Utter latter probably will be built bunt on the Valker Walker corner on Maui Main and and Fourth South streets Th These ese two b buildings u ild ings s wi will ll cost a b ou t and It Is expected that one of thorn them at least possibly both will wIH be read ready tOl for occupancy within a 3 year Orders havo o already alread been en given to the tile United States Stem Steel corporation for Cor the thc steel necessary to erect them office buildIngs buildIngs build build- Besides the tho two large In Ings s already de described plans pans are arc being the made for tor other buildings to cover covel entire acreage These These- ma may not all be erected Imm Immediately but bitt the they are certain certain tam tain to bo put up within a no few tew years Mr Ir Most Mot l of oC them will be erected by Newhouse himself clr but in any event they thoy will be tull fully up to the standard set fet by him for lor tho the district as under no circumstances circum will wIH he dispose oC or orland land In this sc- sc section tion except to those hose who wIlt will guarantee the construction of oC a a. building I hi ii I harmony with the sur sur- Faith In Clys Cly's Future The Tho consummation of or thi this deal to today today to to- day Is an Indication of Mr r. r Newhouse's Continued on Two Five SA SAMUEL JUEL NEWHOUSE I IN INVESTS MILLIONS Continued From Pa Pago One Ont i in the future of oC Salt Ik Lake City wild said Mr Ir In large Dr e part lh the recent r remarkable developments le In the hp mine ar are directly responsible The Th he greatness o of this mine and of ot the tho no Boston ton Consolidated In which Air Mr I Is interested being absolutely abro- abro a. a assured ur assures also als a a. a great and nd place for Cor Salt Lk Lake Lako City Ity as a n center for Cor a largA large area rea of or mining and nt t tern tern- tory ory There I is a I sentimental reason back ot f. f It Il all al all too loo Mr ma made e his mone money noney In Utah and ho feels that IlI It Il l I appropriate ho hA should do 10 something In n a a. large wa way to reflect credit upon ho the city and the state stale He lie HI wants to invest money where It I will wi not only h lie f profitable to hint hut but will add to tIre the Cl City ur anti and aol certain growth of or Salt 1 Lake Carried Out Ou In Sn Ten leit n O Daj Days This l project was planned anti and ear car aI- aI ned led out within Iho ho Ihl last t ten days For three months or more Mr Newhouse has as had in view th the er erection clon of oC a large building In Salt Lake Cit City He had iad plans plan drawn following somewhat clo closely losely ely tho the design of or the tho Wells Veis buildIng build build- In Ing ng in Milwaukee but hut for or a twelve tv tory story In Instead land o of a story sixteen n I tune ure Although no site had been sie heen so- so so Mr Newhouse placed an order I with wih the Slates Statts Steel Steal eal corporation corpora corpora- corpor- corpor tIon ion for Cor sufficient nt steel l to put jut up the thi building Then mien began hegan a search for tho the site le Different nt real c estate dealers In Salt Rail Lake W were In instructed to lo find a n desirable desir desIr- able location on Main or State Slate streets but bul bi II It I was Impossible to lo bu buy as a ranch much ground 3 as Mr o wanted at nt any r reasonable figure Some Somo pieces picc could be obtained hut but they were small and rind not adjacent and the Inter cn Ing ng lots Jots could coul be hl obtained only at prohibitory pro pro- h fi figures ures Then It wa was suggested to him that the best way ay to get what ho wanted would woul be he be to lo buy huy property ty a n little out flirt side Ito o the tho recognized hu business cent center r and create creato a locality o of hl his own This Thi was wc thc tho hl history tory of or tho the of ot Denver It I was the history of oC the ho up- up building of or Chic Chicago o as an any ono low knows who is familiar amlar with wih the tho dealings of or Potter Poter Palmer Pamer on State Slate street Between Two The Tho ho block opposite the po postoffice presented a a great reat many ar advantages cs t that were at al once reco recognized On one oneIde oneS side Ide the tho federal building S flerI containing the anti and the federal court on I Ithe the other the he city eity anti and nd county building with wih all th the city county and state of 0 fc flees Between these them thes two lodestones S each capable of o attracting business each tach desirable for its I. I proximity wa was S Lake the logical center of ot business In Salt Sail Sal t Once deci decided ce upon the real estate estat men were immediately f. f set ret t to won work to lo F secure cur options on the prop property rt As I this involved many the utmost I secrecy was a necessary and I may sa say that Tuttle Tute Brothers who handled the thi matter did so 10 with wih great skill ski and ad ft I rucce success s It I Is true some o of the thA owners shot hoL the tho prices up but taut we were able ahle to obtain practically all ni we went after except except tho the old oh Kimball home on which Mrs l Kimball wO would set et N no price what what- 1 rev r. r Strictly Modern Building t Tho The buildings to be hi erected l on this on-this this t property properly will wi be he strictly modern an and I first class in every ery respect They will wil wl I be he as attractive a as tho ho architect can car t I make them Most ro t of tho the buildings will wil wi I be put up lp by Mr Newhouse himself hut but he may decide later lo to dispose ot of C Csome some of oe the land hand to furcha purchasers ers wh who ho will wi agree to erect buildings in in keepIng keep keep- ing big with the character of or the locality Mr urr desires to con congratulate congratulate ratu- ratu lat late Mrs rs Mar Mary Judge on her excellent I jud Judgment ment in buying tho the Druehl Franklen corner anti and her determination tion ton to put up tip a line fine building there He Ito considers that she hc Is aiding In the lit te development of nr what Is destined to to tobe tobe be be the finest business section of oC Salt Sail Lake e CH City Faith In Sll Salt rake Lake Although no greater of his hh hi I confidence In the stability of oC Salt Sal Jl Lake c City could bo ho desired than his hiS Investment Invest Invest- ment of or millions in the tho city's clys cly's real state estate Mr rr took occasion last a t nl night ht to express himself verbally along the same line lne Utah Hah fc is already a great reat mining raining state a a gr great at a agricultural tate state said Mr Ir but hut i its greatness g Is only b begun un The recent developments development In the thu Cactus mine have impressed me ipe 11 with Ute tile pO possibilities of oC this and other Immense p mining properties In he e state For the th big camps of this tins state 1 t and the adjoining camps of o Nevada Nc Salt SaH Ll Lake e City Is the tho natural distributing center and the ci el city cannot cannot can can- cn- cn not fall fail Cal to grow row rapidly In th the next few CW years In this growth new nw enterprises will wi ar arise e. e new omE offices will trill wi ho he crat created d. d new new- buildings will wi be needed It I h is a singular tact fact that when a new |