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Show l ASSISTANT CASHIER HAS k FAITH IN CITY OF OGDEN Explains Why the Future Is Bright and How Big Business h Investing in This Community Real Estate Has Gradually Gradual-ly Grown in Value Bank Deposits Prove the Progress of Ogden Strangers Have Praise For the City. N'OTE Thin Is the 8econd of a sr rles of interviews with prominent business men of Ogden Others will appear regularly from time to tinu-in tinu-in The Standard, Mr Kenney having been especially engaged to perform this service At this time, Ogdeii is enjoying a degree of prosperity and success, unique ar'l unequaled among the cities of the west, and Mr Kenney In these little chats with local business busi-ness men will endeavor to give tnelr views on the reasons for existing la ral prosperity together with any opinions they may express regarding the future outlook -Editor. (By j. f. Kennej i James F. Burton, nsistant cashier of The First National bank, happened to be the first local busines man with whom I succeeded In getting an interview and I was pleased afterwards after-wards that this was so. for he presented pre-sented a most interesting combination of business conservatism and optimistic optimis-tic faith in the future of Ogden that left one convinced that Mr Burton knew what he was talking about, made sure of his ground before he spoke and gae weight to the bright predictions he made for the future And Air. Burton iB a man who cer talnly ought to be able to speak with authority, concerning Ogden. The po sitlon he occupies compels him to keep his finger on the busines pulse of the community; he comes dally in contact with scores of the men of the town who are "up and doing in a business way. he has spent man ears here and has carved his own career, climbing from the humble j position of driver in a livery barn to his present station of honor and trust During those years, his op portunltles to become closely acquainted ac-quainted with the conditions which are making Ogden one of the foremost fore-most commercial and industrial centers cen-ters of the west, have been many and varied. And. during my talk with Mr. Burton, I was strongly impressed by the fact that his faculties for observation ob-servation are unusually keen I am , reasonably sure he has "had his eyes J-W open" to what was going on about him In the business world for a good ruanv ears m Bank Deposits Greater. Twenty-flTS ars ago Mr. Burton started in banking at the lowest round of the ladder, forging ahead steadily until, in 1903. he was made assistant cashier of the First National bank. under Mr. Plngree. "Ogden'8 growth has been steady. 9" dependable and permanent Mr Bur- ton told me in answer to ray ques-tlons ques-tlons "An Idea of the extent of its f development may be gained when 1 tfl ll von," he said, ' that the deposits in this bank in 1893 were $284,000 and today they are ten times that y amount " r In all the years of his residence s iu Ogden, Mr. Burton said, there nev er had been a period when capital, represented by cautious, conservative, business men, seemed so willing to Invest heavily in large enterprises In Ogden. ; Capital Shows Faith. "A pretty safe indicator of the future fu-ture of any community," he said, "is I the faith displayed by capital If It is being invested freely in building build-ing for the future, if the men with money are thus showing their faith In substantial manner. ou may be reasonably certain that such a coirt-mUhttj coirt-mUhttj i? on a strong solid, sub- ' ' " :"' . , ' : - ' V. ""--" 'W'y ' ; 1 Btsntia enduring basis Capital always al-ways moves with great caution. It mokes sure of its ground before it goes ahead. "I think the fine new Eccles building. build-ing. The Colonel Hudson building, the Alhambra theatre the new can factory, fac-tory, the large cereal food factory and many other large and costly structures either now in course of construction or completed within the last year or two. are most substantial and con vincing evidences of the faith which big business is displaying in the city of Opden. "Of course." Mr Burton said. ' thesr are only a few oi the big enterprises which are being undertaken by locai 1 capital. I merely point to them as Illustration There are many more projects of lesser importance when considered singly, but in the bulk th6j loom large. Home Building Expansion. "Hetty Green once said that real estate is really the basis of all wealth I ( and practically the same statement i has been raadr bv Andrew Carnegie The larger operations in Ogden. T mention, are accompanied by hundreds hun-dreds of individual Investments all over the city. Ogden has been grow : Ing and crowding in all directions for1 more room for the building of homes, j f In the east, a short way from tne ! foothills. O-foot lots which went beg- -glng a few years ago at very low j prices are selling today for as much ; as $200 to $1000. Eloctric Lines Help. "The splendid development of the j street car system and interurban lines during the last few years have had much to do with making the ex-1 passion of the residence district pos Bible In eight ears. population ho? almost doubled. In 1907. we had no more than 20,000 inhabitants and now the number, inside the Ogden cltj limits, is over 30.000 to which should be added the large numbers dwellint-in dwellint-in territory immedia'ely tributary to this city " Mr Burton said he was not alone in his opinion that Ogden is already one of the best citips in the west.) with a future of exceptional prom ise. "I have met many visitors from ' other parts of the country during the! last summer." he said, "and without) , exception they have declared that business conditions here and the gen I era outlook seemed just a little better I than other places they had visited. Our comparative financial reports all j show the same thing " Opportunities Greater Now 1 afked Mr. Burton if he considered i opportunities in Ogden toda were as i good as they were ten or twenty years ago and he said: "They are better. Take almost any line you want to consider. Real estate. ' for example. New residence districts. ! particularly those close in that seem! I barren now, offer practically the same opportunities that the Bench east of I Washington avenue did a few years ago. In the eastern end of the City, practically all development was the ! result of individual effort while the large new residence districts will be developed much more rapidly and systematically by concentrated effort and large capital. ( "If 1 have seemed to dwell on this matter of home-building, it Is because my business experience has taueht me its great importance. The young ;man. starting out in life, should make it a point to get hold of some good real estate. I don't think any locality in the west affords him greater opportunity op-portunity in this respect than Ogden A town-lot has reallv been the keystone key-stone on which many large fortunes have been builder! bit of real , estate, a little money in the bank and the neraL-e man Is pretty strong j ly fortified for life's battle." Mr Burton 6 enthusiasm and his , '"onvincing manner, certainly "were j Impressive and I should have liked to I prolong the Interview. But a man In i his position has many demands upon his time and. although it was after banking hours the line of men await ing him had grown steadily while we had been talking and they seemed to btcome more and more Impatient, so I fled but not without carrvinn away with me the profound conviction that Mr. Burton's faith In Ocden is genu- line and based on a thorough understanding under-standing of conditions here. |