Show TO y P President Darwin P P. P Kingsley of New York Life ife Company Declares He May Invest In Real Estate rn Investments in Utah amounting to between and und will be made by br the New York L Life fc Insurance company company com corn pany in the near future and this amount will in all probability probability proba proba- be increased with in the next fe fe rt years rears This was announce announced by Darwin P. P Kingsley president of the insurance company at a luncheon given for him by the board of governors of the Salt Lake Commercial Club yesterday yester- yester da day dav afternoon As t s a t of ot th company compan Mr Ir Kingsley has been with the Investment of at about and his principal mission In Salt Snit Lake Is Isto Isto isto to look took over local conditions with aview a n aview of or the money mone view to placing a n part In iii Utah The party part of ot representative business men who met Mr Ir Kingsley 1 to Salt yesterday called his attention Lake as ono one of ot the best cities In lit the thc United States from a commercial and Investment point of ot view nor Mayor Ma or John S S. told of ot tho wealth of the cit city and anel Its Improvements Improve Improve- mints ments completed and prospective VJ WJ W W. J J. J Halloran president of ot the Commercial Commer Commer- cial club told of oC the advantages of ot Salt Snit Lake Lale as us a place for Cor or safe and ami re- re Investment In real e estate tate John Dern fern told of or the mining Industry industry Indus indus- try In the state tributary to Salt alt Lake and antI B E. F. F Colborn told of or the thc natural and beo geographical raphial advantages es of ot the city and the assurance of or its Us continued growth President Extends Extend Welcome W W. J J. J Halloran as president of ot the club extended the tho welcome of the business bust bush ness men to Mr Kingsley He spoke conditions condi at length on general business reviewed re tho the In Salt Lake and activity of or the building Industry which has placed Salt Lake at tho the head of the cities of ot the United States In increase in- in in increase the thelast thelast thelast cre crease In building operations for Cor last few Cew years rears He oal said oaid 1 that If Jr the tho i In present activity In building lines linos Suit Snit Lake were to be doubled In volume it might ht continue continuo for tor five ve years veara without without with with- out supplying the actual demand for business and residence property Mi Mr Halloran said he had been loaning loanIng loan loun- for business associates In In InI In ing money Sat Salt Lake for the last 23 3 3 years and andI I I cent although in I h id never lost a It tt had of or financial stringency times to extend some seine of ot tho the thoI been necessary I loans Bransford confined himself I Mayor Major to the time condition of the generally 1 i municipality and the time Improvements that have havo been made In the last few years giving hr g-hr operations detailed the paving I lie 1110 statistics of oC the number of miles ing lag further street Im- Im laid and the already pio emoris that are planned for tor this described cd the water car cor Time Tho ma mayor maor or year I supply of or tho the city owned by Its citi- citi he valued at no less than titan which 1 zone 1 of ot yv He said tho b carried campaign j on b by imi vui ru mIL I. I w au ill all of or the city govern go nent 11 of or Industry infer infer- information Information John Dern Dent was culled on for the mining Industry Indus Indus- mation In Utah Mr Dern reviewed rc the tr try growth and activity lt In Park City and anti tho tue Tintic mining district dib dis- told lold of tho the first discoveries it lets He andr and metals at nt each of or these camps of which b bj by bythe reviewed the ups and downs r characterized d a. a as mostly most were the way until each of or the tho prominent I ly iy mining ups tips districts of or Utah ranked with United States of ot the tho rho big support camps of this thiN statement Mr In detailed the ore production fur Dorn Dern and after telling the last few yo years rs he of or tho the camps cumps of or past Jle conservative estimates of ot futine Liture made marlc operations and pro productions He showed mines within all of ot the tho producing tl that lInt at of or 80 SO miles from flom Salt Lake a radius directly tributary to this city elt and anil said there was no reason wh why this radius should not be Increased U. U P. P Colborn spOke 0 on Salt Snit Lake as tu the time commercial center conter for the entire intermountain region He lIe pointed out time tile nearest competitor of oC Salt SIlIl that Lake Laho OH on the time Was Los An- An Continued on oil Pu rage c rs' rs f 1 INSURANCE COMPANY TO SPEND MUCH CASH HERE Continued C Ironi n Inge One gobs gOlos on tho the wo t. t San Francisco on Uio northwest t. t 1 Portland and on tho the CRt cast Denver and H us r reviewed the mineral and arid agricultural resources of ot tho the state which with th their Ir marvelous marvel marvel- ous Increase In production In the last few ow years ears are arc really only In tho the process of or development Gut Guest t n Mr Kingsley v responded thanking the business men fur for the time Information which the tho they had imparted saying It was Just what he was seeking He lie said ho he know tho the Vest West and In a general gen gen- eral elal way knew something about values val val- ues In the mountain Inter country rolling Telling of or his earlier days In we western tern Colorado where was vas l reared Mr Ir Kingsley lUng recalled that he lie might have bought almost all of Grand Valle Valley for foi UI 15 an acre nero when ho he first went there there- lIe He said that since then land lant had sold at dt an acre which was the highest highest high high- est price over ever paid In any locality for foi land land- to be bo us used cd for agricultural pur pur- poses Mr Ir Kingsley declared that for Cor ninny many years It had been the policy of the thc New Now York Life Lito Insurance company to make practically all of ot Its ln In In what are known as liquid Invest invest- ments ments a a class of securities on which the tho company could realize on short hort n no- no tico and which necessarily bore a comparatively small rate rato of interest Con Cou I lun M oil C Ho lie salt said as a 0 representative of the company h ho he had been boeti called on to In Invest Iii Iii- vest cst In real estate and that tha the tho company before many years would control about OUO fur for investment Ho lIo said there thero was no possibility of oC any demand on the company corn com pan pany which It could not hot meet and the change chane In the form of or Investments In would result In iii the betterment bet bet- torment of all Interested in time the New r-cw York Life Lire Mr 11 KIngsley declared ho he has the In T t t 1 c u d Ut h l' l could ouid assure the business nc men nC that from Crom to would woul 1 be in invested In- In vested in Salt Lake in time the near future by his company and this amount 1 would be bo Increased man many fold within tho thu nf next few years Following i Is a n list of at guests invited in to tho the luncheon Darwin P. P KIngsley J. J II IL Mays WS W- W S. S S S. McCornick George Sutherland John C C. Cutler Culler E. E F F. Colborn W. W V. V Rico nIce C. C N. N N Strevell ell W. W Mont 1 Ferry D. D D C. C M. M II Walker Waller C. C C. C Parsons E F. I I. I Devlin C C. S. S Burton Durton It n. E. E Miller 1 Ira IL Lewis A. A W. W V. V Carlson Carison J. J E. E Jaine aine aln II It L L. L A. A John Dern Frank Franl Knox Thomas Kearns David Davit Keith M. M Wells ells T. T G G. Gehbel Webber 0 O. W. W Powers Gilbert A A. Smith J. J Frank Judge Judg-e A. A J. J Davis F. F D. D Clift Joseph W V Yo J. J Halloran Joy IL It Johnson J T 1 S S. Bransford II IL P. P Clark William Wiliiam George Georgo T. T Odoll Odell Samuel Samuel Sam Sam- uel Samuel Weitz and aniX Fisher Fisher Fish Fish- er r Harris Another banquet will be given In honor of Mr 1 Kingsley at the tho Knutsford hotel tonight bv by tin tIme men connected with the local offices of tho the New York Life LICe Insurance company |