Show r A 15000 INVESTMENT A Cincinnati Man Purchases Real Estate in This City to That Amount The Details Not Yet Completed Why He Didnt Invest 825000 More Capitalists Complain That They Can Get Jio Encouragement From Certain Residents J K Gillespie the real estate man yesterday sold real estate aggregating 15000 to a Cincinnati capitalist who i has been looking about thE city for sometime some-time Though the negotiations are ended and the bargain entirely agreed upon the property has not been deeded over t the new owner and until it is Mr Gillespie prefers to keep the name of the buyer and seller a secret However it is sufficient to say that the purchase consists of three places two of which are on South Main street and the other on First South street The details of the transaction will be completed in a few days and the particulars particu-lars will be found in THE DEMOCRAT The gentleman who made this purchase pur-chase came here with a letter of introduction to several gentlemen well known in financial circles i here and it was his full in i intention to invest 40000 in Salt Lake I real estate but when he came to make inquiries he found that he could get no encouragement He however liked the city and was not the kind of man to back down entirely so he made the purchases mentioned above in order to identify himself him-self here and will hold back the other 25000 for the present ANOTHER INSTANCE Of this discouragement offered to capitalists capital-ists coming here has just been learned A gentleman from Kansas City arrived here not many days ago with the full intention of investing 80000 and upon looking about the city he decided that this was the place to put his money and had almost decided upon the purchase of a certain fine property when as luck would have it the obstructionists ob-structionists got hold of him and succeeded suc-ceeded in driving him out I conversation with a gentleman who came here last week for the purpose of looking into our investment field a DEMOCRAT reporter was told that a certain cer-tain class of nonMormons here are doing all in their power to ward off the approaching ap-proaching boom I came here said the gentleman with a good impression as to the future of this city I looked about drove up and down your broad streets and decided de-cided that I could find no better field in the country for my money In fact I saw a big fortune right in my grasp but not to be hasty I decided to consult some of my newmade friends And what was the result There was none They said that society so-ciety was unsettled that any attempt to boom property here would only put i money into the pockets of the Mormons and make them stronger that there was no telling when the question would be settled and that there were already too many Gentiles here considering the chance they have Asa I As-a result I am going elsewhere to invest but if it is any satisfaction to you I can assure you that it is only with the deepest regret that I leave your beautiful beau-tiful town Real estate men say that this is the usual complaint on the part of wouldbe investors and by the selfish croaking of I a few fiends the ardor of the most enthusiastic enthu-siastic speculator is cooled In spite of this business however there are still more sales on the tapis and the oracles say that the boom will come in I spite of everything I |