Show I Salt Lake City City- A City A Easiness Business Community I Writing for the Financier of New NewYork York one ono of or tho the leading financial papers papers pa pa- pers of or tho the country Edward JA F. Colborn Colborn Colborn Col- Col born Of Salt Lake Laic has tho the following to toay say ay of Salt Lake and Utah About sixty sixt years ago aso there came Into view one of those rare men who mark with their deeds the beginning of epochs and write do down don n their names on tho the pages paSes of or history so indelibly that they remain an Inspiration for all an generations to lo come como With a new creed and faith to exemplify and to find a home for his ills followers beyond the reach of or religious prejudice this man took tool a handful of humanity and amI marched them into a a. wilderness and there founded cd a city That city today of which this article treats is historic unique and beautiful Salt SaIl Lake I Salt Lake lies half on the tho gently sloping sides and half in the valle valley of the river Jordan while high over it stand the white-crested white Wasatch Wasatch Wa- Wa satch mountains With tho the meeting of tho locomotives In tho the d desert sert near the Great Salt Lake and the driving driving- of or the lost last golden splice spike In a 69 09 a little lit lit- tl tle more than twenty years after the Immortals of Utah had founded the city the city tho first epoch of l ci civilization In Americas America's Far West cst ended and the period of tho the pioneer pioneer- was closed From that railroad wedding lay day to this period of prosperity the West Yest has been unfolding as no other othel region ever did before Everywhere from Canada Canada Canada Cana Cana- da to Mexico a and aid d from the eastern base of tho the Roele Rocky moun mountains to the Golden Gate the farmer th tho miner and the railroad builder have been at work and where less than a n. lifetime ago savagery sanger had Its home every of ot industry Is heard Mining Empire c. The vast region now comprising the states o of Colorado Wyoming Utah Uta 1 Idaho Montana Nevada California and tho the territories of Arizona and New Mexico Is Americas America's Mining Empire within which the yearly product of ot gold silver copper lea lead and coal approximates a a. value of or three hundred hundred hun hun- dred tIred million dollars and find the population population tion Uon falls little short of or three and quarter throe million souls Bouls These h se figures figures figures fig fig- ures fire are but an earnest of what the mea measure uro of pro production and population will be when whon the re region lon now only Inthe in inthe inthe the dawn of or development de Is tuB fully awakened Over O this empire from tram Its central station Salt Lake is in commercial command Topography climate conditions con con- 1 established establish cd rai railroad trade and Industrial relations preclude the possibility pos poe of a a. competing city Denver Den lies six hundred and twenty miles cast and antI San Francisco miles west vest of ot Salt SaU Lake There Thero are no important cities north to the British possessions none south to the republic of ot Mexico S Mining forms one of the most Important Im hn- un- un industries but agriculture and stock growing have e their part in tho ot of tho the city Under processes s mines and rind mills con continue nue to multiply agriculture by certain methods methods meth meth- S of or Irrigation aton covers the arM arid lands S more and more each year reaf and Hocks flocks tocks and herds abound all over Salt SaIL Lakes Lake's domain Net Next to resourceful adequate tributary tributary tribu tribu- tary tt- tt area aren thi th most potent Influences In iii II tho the rapid rapt of or American l I cities s hr e have hae been the tho railroads Wherever ever Y l they connect c nn t and radiate will I l bo be beS S i r. r S I. I c S l.-I. l. Y S J JI I S 4 S found th the tho largo large centers of activity and population Salt Lakes Lake's present railroad railroad rail rail- rai- rai road l aU Is as follows Union Pacific and Den Denver r and anc Rio Itlo Grande Grande competing trunk lne lines line connect connect con con- fleet with wih Chicago New ew York and the seaboard cities of the Atlantic and tho the Southern Pacific with wih San Francisco co and bv by branch lines with the tho great mining camps of Nevada Nevoda Oregon Short Line and Its Is western connection the Oregon Railway and to Portland Portland Portland Port Port- Navigation Na company compan extend land Ore and by numerous branches to the tho important mining and farming sections of Idaho end and Montana San Pedro Los Ls Angeles and Salt SaltI I Lake Lako pa passes ses through tho the rich mineral fields felds of or Nevada and and reaches Los Angeles Angeles An An- geles and the southern California harbors har liar bors along the Pacific Salt SnIt Lake Lako and Los Angeles reaches reache the tho pleasure resorts resort and salt I Industries industries industries indus Indus- tries on the thc shores sholes of or the Great Salt Lake Salt Lal Lake e and Ogden threads the fertile ferte p portions of tho the Salt Sal Lake e valley and later will wl bo be extended to the settlements settlements set set- In northern Utah Branches of or tho the Denver and Rio Grande and the Oregon Short Line connect Salt Lake Lako with tho the mining mining camps of or Park Ci City Tintie Eureka BIngham Stockton and nd Mercur all al of or which aro are heavy contributors to the smelters and mineral mis mills Two trunk lines build build- in In the tho Ve Western Pacific an and the Denver Denver Den Den- ver vcr and Northwestern Moffat lorat road The former Goulds Gould's extension to the theP P cl c will wl cost fifty million d dollars lars nn and is alread already well Into Nevada evada on Its It way from front Salt Lake to San Francisco This will wi not only give Salt Lake a R third competing line lne to the tho Pacific but will wl bring to its Is doors the trade I I an and ores from portions of ot Nevada and now wanting only railroad facilities ties to to Insure development Tho The Denver and Northwestern Moffat Moffat Mor- Mor fat road will wI be an air line lino from Denver Denvor Denyer Den Den- ver yer to Salt alt Lake LIe The Tho road is now operating over the Rock Rocky mountains and ani speeding toward Sl Salt t Lake It I will wi cost forty orty ort million dollars and re reduce reduce reduce re- re duce travel time between Denver and Salt L' L Lake Lako from twenty four faur to fourteen fourteen fourteen four four- teen hours besides opening to settlement settle settle- sette- sette ment and development vast area areas of ot mineral and agricultural lands lands Other lines lines lines' I confidently looked for ar are arc the Northwestern and Burl Burlington i trunk roads now operating from Chicago to in north points western Wyoming Just of Salt Sal Lake Lalee Mining llin Supremacy Mining began In Utah fort forty years cars ago has been carried on oni i vigorously vigorously vig vig- vor ol since All AU told the the state state has produced about four tour hundred and twenty five o fi million dollars Tho of or the output for to I. I 1907 will wl probably reach fiC fifty million dollars and from Crom present ent indications will wJ Increase there thereafter reatter re- re after atter at nt the rate rato of or from five to ten million dollars per annum Gold allver sil silver all all- sl- sl ver copper land and If lead aro are tho the chief hief hl t metallic products but there thee are coal measures of or enormous area aren and of or asphaltum practically Inexhaustible T re ie mines of Utah Uth aro are rich not BO so much In the sense of showing phenomenal phe values per ton but rather because the ore bodies are aro wide are evenly mineralized and universally continue Into the deep Tho The most i notable illustrations of ot the tho profitable J JI I i S SS 0 S S S' S mining of oC low grade copper ores wi wibo will willbe wi bo ho found in BIngham and Newhouse In the former distant camp carp distant twenty miles mUes' from from Salt L Lake the kc-the the daily a I output output output out out- put is live five thousand tons nn and th the present rate of increase will wi carry cairy th the total to eighteen thousand tons pe per perda da day before the close of 1908 Municipal tc Salt Sal Lako now has an estimated estimate d population o of ot in Jn 1880 It was wa 1890 1590 and in 1 1900 1000 00 On September 1 I 1907 th the bonded indebtedness of or the pal I aggregated 3 of whIch total was issued against against th the waterworks plant A Assessed e sed valuation I of or lc l real estate is personal persona valuation O total assessed valuation The assessment assessment assess assess- ment Is fixed at about CO GO per cent o othe or of orthe the total value rate rato for city purposes purposes purposes pur pur- poses being 13 1 per 1000 This specIal cIal feature valuation and tax ha has created an extraordinary demand fo for more homes and business places an and furnish at this time Incentives cs fo for investment in Salt Sal Lake real estate The Tho Indebtedness of ot the cit city carries carrle 1 i 4 2 1 and 5 per cent interest and 1 Is outstanding for water sewerage re refunding refunding re- re funding Improvement an and general genera purposes Tho The city's assets include lands lands buildings sewer s system stem streets etc valued at waterworks plant other assets asset On December 31 1907 the tho cf city cit treasury held In cash Real Estate Samuel Newhouse one of the promInent prominent prom prom- meat mining men of ot th the country countr has such faith In the tho growth and future prosperity of Salt Sal Lake City that he contracted for for business frontage e last year ear and during the present year ear he will wl expend an additional additional addi addi- for tu further ther building construction Two magnificent office structures a splendid hotel a n. commercIal commercial commer commer- cial club building and a mining exchange exchange exchange ex ex- ex- ex change building will ill short shortly be erect erect- ed In Ta addition to this expenditure Mr Ir Newhouse has purchased 10 acres acre of or land hand up upon n which homes will wf bo erected and so so Improve co conditions as aso asto asto to o make it ft the most beautiful residence resi rosl- dence quarter in the whole of tho the great West Vest As a place of residence Salt Sal Lle Lake Is Js Ideal The charm of its Is climate the purl purity of Its Is air the beauty of its Us environment environment en en- the grandeur of scenery draw to it irresistibly all who find themselves financially able ablo to seek ek it for their home That It will always be the home homo city of or the mountain inter-mountain country Is a a fact beyond tho the possibility of or dispute Hanking Strength th In order to show tho the strength of or the city's cl's banking position tho the following clearing house figures will wJ prove pro In Interesting in- in v 1901 G 1902 1903 1003 5 toot 1904 1577 SO 9 O 1905 1906 G N 8 3 3 1386 19 1907 7 V.- V. A At S pr pr present sent Salt lt Lake Lako CI City Is supporting sup sup- sUP sUP-I porting twelve e banks Danks of ot which ar are are- national four tour saving sa and four tour private to and state with deposits on December 31 1907 reported as 34 1 4 1 a 0 t |