| Show OPTIMISM IS FELT BY UTAH BANKERS fro from sunday tribune two days of meeting meetings wilch were universally clarac 1 it the most I 1 ever mid by the utah bankers association anie anje to a lose yesterday afternoon with mith file elec lee djou ft rf 11 II E hatch president of Th ateer brothers banking company coral any of cf cologan logan na as lore silent to succeed J T farer of ogden frank D cook 01 of the columbia trust company of balt lake and W P D Ca udland prisident of llie ilia county bankers Bau kira adocia ti diwi ax were mere elected first unil and second ife ice presidents preel dente respectively ad ned carl gar cusen u cashier of the price 1 commercial and an d savings bank was elected reelected re rL to the office of secretary treasurer J it Mur murdoch doek R IL mien illen and joel it R par rish were electa elec tc members of the ex committee for the troea term many talka talks given in addition to the formal program which included consideration of such matter matters ai as co operation among bankers the tho economic unity of the pacific elope slope states the future course of I 1 illness and ideals aimy informal and brief talks were mere glen gisen all demonstrating the aith bith of th banker bankers that with the bini vest nes which haa has been ex parl 1 d in recent month mouths the lesson lessons 1 it arm d 1 in ill the cried of depression will ash agns in ill gill junr tile way to bicher and bol VIT thing things to come E 0 Ilo howard Aard president deitt ut of walker brothers hankers and a former preal dent or of the association located from bis 1113 discussion dt of the future long enough to urge the tile banker bankers to support tl ti e recent decision at of the united state states supreme court orl ordering ering the separation ot of tie central pacific railroad from c a Ilao itle ownership owner slip ili this re quest mr howard polut til our out was wag arted by the 1 remark remarks ofa of J abny a day dar lev ice president of the tile pint na IZA dional link I ink of los angeles in witch the latter the decisions de clelon saying that it wilt ws for the best interests of the public blat tie two properties remain under Sout lerit pacific ownership bud und direction capital accumulates while acknowledging that the pres ent cut is not a season for profits or pronh ets sir howard undertook the latter role rate and said 1 I am an all optimist and believe that enen o 0 after much mue travail we will arlime it a con coalition of normal prosperity and ila haxe e full opportunist for the pursuit of bal balminess the reason reasons for this belief are seen in the fact that there now ex isis the greatest grei test afulu atlon of cap itak ita that has hits ever been gathered to gether profitable employment for these funds is 11 indicated by the increase in freight traffic of the railroads in the improti ement of the basic in industries lus tries such as a steel an increase in bull bulging ling ac ae zad other corres gorresi ending louding signs 0 f a healthy industrial activity the fact that the railroad freight movement lias has I 1 je reaRed by one onet thirl birl since sinco january 1 despite the coal strake of an aa in a austry which usually supplies w sui plies a consid erable proportion of ta v total freight ban lied Is especially of the return of good business 11 speaking of the industrial fatura of utah in co operation with the tile In Inan ancial elal interess int erets ersts cf the western slope elite mr declared steel with the operation cooperation 0 of f lations of capital on the tile pacific fl 0 S slope 1 I there Is ia in immediate prospect the de of the last i ast iron ore ani an I 1 coal resources of this state as the basis or a great steel industry this is no idle lale dream it ts is almost an fact I 1 althe the future likewise a de det on pacific coast markets for utah products and the use of 0 the reservoirs of capital in the west for the development of the resource resources of 0 the ia in ter mountain country the pacific olst needs our raw materials and we nod nold their en capital looking to the fut I 1 expect to see a mih mi h that will be helpful emanate from wits washington ington in such manner as an demonstrated by bir the aar ar corporation po ration tin in considering the tile past we must all recognize that our methods or of financing the alln stock industry in the past have been economically unsound I 1 hope that the old livestock litel tOck loan comrey stern is 1 enad in this coglon 46 livestock except feraker stock can not ie financed tin Aneed on ou hort short time paper the bank banks should not lend their de mand deposit deposits on oa long time livestock or real estate loana loans thia this practice has la in the past been AL earse cares to western banking taxation burden edthe the future holde holds promise of bring ing na about equalization of the tax burdens rather than their reduction loc we WO victo victoria rit and nd must pay for the war won taxation ie is the oni jonir method of par py ment 80 while reductions ions are not in I 1 believe that taxes cam be bs 80 0 o lied that all will 4 bear an equal harden burden the proposed amendment to the state constitution to make po pos ible ill the classification ot of property for purposes of taxation is to deserting deserving of up port by the banker bankers d the mr huward likewise em emphil chasi of the banker as A n considerable lerable part producers rp to devote A 4 consi to the proton his I 1 time e and means I 1 elfare of his I 1 at te ue toi banker be he said socho who is I 1 content to an n is i office and make loans 1 and f t ta Is not worthy of hr his t the takers hap the I 1 per WT a the |
