Show WEALTH TO BACK BACH BACKS I S UTAH RESOURCES President Morton Says Equitable ble Society Will Invest Invest- Great Amounts LIKES STATES STATE'S PROSPECTS Luncheon at Alta Club Given Today by Samuel New Newhouse New New- house for Visitor j The Equitable Life A the tho strongest financial Id ton lIon In the tho United States will willa In a part of ot Its great rat In tl ta de development of ot Utah resources A say Hul Morton president of oC the tho society who came calpe to Salt Lake last night a IUS as tho the cucit of or Samuel until unlit Tues da day President Morton of ot the tho Eq will wUl lie tye the ho guest of oC honor at a luncheon lunch lunch- eon ion to be iio given at the tho Alta AHa club at atI 1 I tb this Is afternoon Mr Ir Newhouse New New- cw- cw house Is giving the tho luncheon In la order that thal Mr Ir Morton may meet some of ot Utah's most moat representative men Prominent PromInent Prom Prom- meat capitalists mining men public officials and the heads of ot tho tim dally daily have hac been Invited It la Is quite likely that the tho Equitable I I will put up a 0 bl big office building near tho the buildings on lower Jower Main Ilin street While hUe Mr l Morton did ditl not riot say city sn that his hla company compan would establish such sucha a building ho lie Intimated as much and said that an active campaign would b bo started In Utah at once In favor of ot hi I society see I ety Mr l Morton Morion paid flattering compliments j ments monts to Utah and Its undo undeveloped eloped re re- re sources He believes that this state has a great future The Equitable has re-I re Invested In railroads enter enter- ing ng Utah has purchased bonds of big Irrigation and other companies of or I West and is vitally Interested In th growth and development o of the tho gr great groat t mountain Inter-mountain region Condition f i It Is to study the financial condition of the West Vest that Mr Morton la Is hero He lie has hns been up and down n the coat coa looking hooking over the business of ot hIs hla ha han In Institution In- In n- n and arid will win go BO from Salt Lake Lako to Denver Tuesday Western Investment Is appealing all nil more an and more to Eastern capital the tho time he last night Tho Tue great resources o ot of this vast region have havo at attracted at- at millions minions and within the tho next few cv yen years s 's there will 11 c a Q steady r no flow ow ot of capital tal to n u the tho c r f r I JI j tit I urI r o tUo d v cv f rA 11 f h to tb to tho the anCe at t n with tho Ideal lOCal climatic conditions condi- condi nrc arc making of or this state a D. great commonwealth alth I VIII UI III lue Invest t. t lu tu Mr Il Morton forton went vent on to tell that th tit Equitable will Invest a n great Ireat of oC capital In Utah enterprises Men Merl concerns that have been ham of or Inability to secure pored because financial backing will have ha the assur assurance In tin the strength th ance of oC the the tho background and antl before many years floan- floan concern will become as great a n factor In iii the Industrial Utah as asIt asit asit it Is In the tho railroads of oC the West cst financial believes that the Mr Ir Morton forton depression of the tue winter Is gradually short lifting and that within a the money market marlet will bo be as easy amit as am asIt asIt started It was before the flurry that last October said tho thio thorest mo ho With good crops ClOPS I b believe belleve be- be West rest Is assured of ot prosperity inthe inthe In Inthe helpful summer lle e this will be a Tho Tim conditions aro arc shapIng shaping shap- shap the West right for material a advancement Ing and there of or Industry along all lines JInes will be abundant capital I believe bellove to push projects that aro arc In need CH III In Irrl tho the effect of oC finds On the tho coast he earthquake and fire tho the San an Francisco disturbances various other of oC tho the and California has not shaken that havo have ho he feels the tho However awa away yet worn coast cities will share In the coming Inter ro- ro of or the prosperity to the closer territory Klon glon and the tho Mississippi attracted particularly Is Mr 11 Morton Continued on lag Q IM e Two U WEALTH TO BACK I UTAH RESOURCES Front Irom Uhe luge Our one h by liy Irrigation Ho Iff he believes oH II It Il Is js thu one class of or Western enterprises s that affords perennial No strike no financial depression no legislation can materially lIy retard the tine certain advancement ad ad- t of or tills this line of Industry Great wealth has Ims nhen already been invest iJ cd In irrigation I In Iii Utah Ulah and I Idaho as al aswell well as o other oilier Western states anI and to this III be a added the stead steady influx of or capital c. that must 1st of or a natural necessity ne ire- como come from corn the tine East Idaho Is in need of of capital c. 83 sold said hi Mr h Ir Morton There Is a a. great for fOI that lint state and nil all that it wants at atho atthe the tho ho present time lime Is capital with to o push entell enterprises that arc are comingo coming to o the front n Soya ruff fail Will iii II lie Clio Chosen cn Mr Ir Morton is 18 talking tC politics only onh occasionally II II Ho lie was for ono one year a number member of or President Roosevelt's cabnet nab cab net as secretary of or tho tino na navy and anI Is Isa isa a staunch Roosevelt man mon lie llo believes es that that hat tine the country countr Is for tor Roosevelt and p policies In the the latter phrase Tuft Taft Is included as an advocate ad o ci f the policies adopted b by th tine tho noose house velt veit administration I 1 believe that Taft Tan will be nominated c ed d 1 at Chicago on the tine first ballot banot l II be u said aid Ho JIo is a Roosevelt man am an the tho coplo want him mini Hoose will not run un again ag JI lid does not want a t rc- rc nomination As tho the head heal oC of a great reat financial fn- fn Mr Ir Morton feels tho tine pulse of the tire country vcr very quickly I and he lie finds that tho tine wave wa In favor avor of oC MUon or local option Is s spreading with remarkable force lie was not surprised to hear that thattie tie ic sentiment In Jn Utah was wag shaping for either local 1 option or prohibition Mr MI Morton l and Mr 11 Newhouse who are ro great personal friends were com corn paring notes on ont the thc old da lays daya H In Colora Colo- Colo ra ado rado o. o Mr Mi Morton lorton wart wan In Colorado In 18 knows the lie state slate well veil and is la famIliar with time till great southwest cst A year h. h Nc vh went to Color Colo- Colo r llo s w Not Nol ol only only-ast at ot jl aDle lc but because of or iris his great reat J force torce his iris genius and amid his iris ren remarkable r directing skill shill Mr Morton Morion has hall become a power powel in the financial world lIe He Helas inns has las risen front from a railroad clerk to the tire head of tho tire strongest financial con coin CErn ern In tire the country has had brad a taste or of f politics from a high office an and 1 I is isone ono one no of the big big- men mell of or the tire nation toda today At tb tire the Alta club luncheon today tollay there hero will be bo speeches In jil which Mr lr Morton lorton will learn more moore of ur Utah and he 10 will express some that will willbe he be of or interest to Salt SaIL Lake financiers and nd business men mern Among Among- time Iho guests at tine tile luncheon will bo be Governor Cutler Culler l Mayor or Dra Bransford Brans- Brans ford ord anI and A. A J. J ls Davis presIdent of or the council |