, 1877-09-05

.hrcwd Gcntiles rot into consultation, ami tho
tr.a,lt of the co-opcratlvc institution began IL
Lake correspondent tnus speaks ot the
L1TtER-Dty P1iAsEs or THE ft'-t1TERATIVE IN.
sTl-ETlON:
rrlcham Young tndncrd hnndrtfa of Morm"ns
ia lenusii tht!r savings with The ro-oper1tve 1ns-
iulo ir'!lng them hist II was their "htrtt dei".'
!fory ani ?romi*tng them interest. Snt",ths;at,d'
"perats,e s projeet tuIesed from disease which
Threatened IL throw II into bankruptcy. r. crrdlt
was temporarily tera red hy the personal "ana o.
as-"c,atcs. but Il i. thought. now that httEan,is
dead. That TIC enee.n can 10 lon:et re .tfsta
ncnt, n" eitner Il. Eastern ersd,"r, Or f< Mormon
rhnfrhnl1crt must severely tn!ef. In f"rmte years
tae a,t ,n'1i":nH y hs s. @ na
twn years ago and transmitted to 'hs Est:
H.e !si:': n.rt q Il. eaoa,snec n ihe .tatity q
.issa,, rehcme sief tss t1:.isuioa .na r., r..
ieou, thc Eastern states, notably one fson, an ex.
fctts ASKING direct 1ucrtnns in REGARD to the csr
it Of fhc Institution. and The questions have bern
nnfa,ofahy e" r rnor',Gs rrstc,s ,s'a nn
riocxhnIde.s nike. II IN 4 fnir war 70 succulnh.
lis tatlnte ,vnud be terrible blow 70 the Church
/" purchase their tupnltr. Of merchants Throughout
The Terri:,rJ who nte aet'nr sn tas ~ open COM
r. ce.i his .as. Z, S9s{ L %o
ai.o deprive The ,Murcs Of formidable weapon
which il has hlthcr usct IN thr Esst. y - no
eerfei that The pateunace bestowed upnn 1naucm.
tai Eastern merchants by Tits powerful monopoly
ia. en..cI II 10 emrlo1 thsis influence With IcM.
si Ess IN dansce sssa. sum s'sei seids lrr's'a.lo.
With view to nsrcrtatn how far thete state-
menta co,,1s sidc VT It the sentiments nf those III
l.crc supposed 10 he Interested III Tie enter
trlsr, TRIBUNE reporter called yesterday
upon
md put the question to him as to TIC solvcncv
Of tic cout er anil In what way and how tar Tie
.leat, Of Brigham Young "as likely to alfeett tic
Mr. Nasvcagl, said that, in his opinion tho
death Of brigham would l'ayc no c!feea upo'
tic credit Of the inst'tution.,, The
question ot their title to credit, tcah,,,na" he
'xs tae; ,rs cas 'i's,fx ess ,aS | he. "tey .s .d
No institution carrying s1ieh large ksock, that
|. liable to be burned AZ any norient, can aIlt,F
to carry 1t So, anil It Ia we!l-knnHn last ti'nt
they lid not Insure, bccatlsc brigham nal
string nb. .cctfun tu Insurance..
!" Ills cunccrt1,'' continued Mr. McVcaSf, ais
in the at,ds u! very abIc tnrn, responsible tncu
ard mr,, who have proved tt'cntSlscs en'atiu
to thu runftlence pl the public. Tic statements
and personal assurances Of thcte men: both INC
Utlfccrs and stockholders, show the solvency aud
al!cq1latc strength vi tic institution.
SAID the rcEorter-"Waat - you xno" ol tue
Mormon merchants Ms class!
Asr. MaeEraafl-"A 40 4 class the Alor1nnn
merchants atc uI,cxeclle,l for substantial ability
au,l integrity, AMI arsnc fFotn tho cc'seral
knowledge III then, amunE fncu Of uy class
that the cllanrca III tavur vi TIC stability of
All institution cruntrolleA by tho heht EsIen
among the Mor,npn.. Oi ccurse we t"h't
know wt,at may come to uasa with the clangc
tnyusct In new litiensutlon. Onc ear only
infer what tuny lw In tic future frnt, tast e1pc.
rieilcc, at,,! that cxpeFcncc-apnrt from what
IIaye safA tu rciereHc 10 Insurance and the
ciIarrcs of radical cllangc-wonld lead us to
l.aYc confidence in the sulyelltv Vi tic co-urera-
/ tivc lnstftutlu,s.n
| tn answer to tho question aa TO whether thcso
vcre we,lura|iy the sentiments Ut the merchants
! here wlo have nny dealings with tho tDn Urn,
Sir. slacyeas! sud he l!al talked With sonc pf
! tcna, and llt believed tley agreed with hui 10
! tile upln.on lie l,Al'j, expressed.