The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1883-12-02
BAD BUSINESS.
Some Ugly RumOrS About a Leading
Institution Of Logan.
Probably the Stories are OVerdraWn.
Chips and Chat of Cache.
LOGAN, November 70, 1888.


Editors Herald:
Since my scratch of a. few DAYS
ago, the United Order Of this place
has had backset. 1t is talked on
The street that this company is
owing z. G. Nj. L. some $50, 900. and
some $4,000 to bank 10 Salt Lake
which holds mortgage OF the up>
per store, (the old Sherman bujId-
ing) and other real estate; and that
| the Il. G.. M. l. prOtfored to take q
considerable amount in SHINGLES
etc., provided the company would
hand over the Sherman building
when it would be given time on thu
balance; and also that the United
l'Order could not Or would not
do so. 1t is also reported that an
agent from the y. G. M. [. is now in
o yn trying to make terms with the
i. 0. or close il up.
1 was informed by a gentleman
who seemed to be posted in the mat
ter that the =. D. had sufficient
stock and real estate, put down at
very low figure, to cover all the in
debtedness and leave a balance of
so per cent. over the original stock.
and that the concern had been taken
at disadvantage. Others say that
some of the managers had been
specializing on the outside and alb
sOrbed the cash received on the sale
of the goods. People are somewhat
excited ovel the matter. It is diff
cult to get at the naked truth in the
case, but time will tell.
The u. 0. has certainly done a
great deal for the people OF Logan in
finding employment and paying
good wages, but it is moro than
probable that 1t has oYerdone itself
and incurred several losses on con-
tracts. Other rumOrS of a damag-
ing nature are in circulation. and it
is said an agent of the Government
is also in town in relation to in
Engagements on public timber. It
looks OminouS. Misfortunes never
come singIy. 1t will be a great pity
to see so many fine shors and so
much material sold at greatly re-
duced rates, as it must necessarily
be, il an amicable settlement can
not be arrived at.
We dropped In on orr
old friend, A. G. Brewer.
the pioneer of Utah, on Tharkspiy-
ing day. He is we'll settled in Rich
mOud, Cache county. He is hale
and hearty as young man. 1t is
said he has eighty grandchildren
and nine great andchildren-uuite
family for type-sticker. His
numerous friends, no COubt will he
pleased to hear of his good health,
The B. Y. academy in Logan is
almost ready for the shingles. The
building is fine brick structure.
and great credit to the place.
Other buildings are going up or be-
ing finished.
The Logan Journal has bought
out the First Ward school building.
and is putting on two large rooms
in frOnt-One for the editorial and
business departments of the paper
and the Otner for a banking COM
pany.
The times are extremely dull, and
farmers and merchants are down in
the mouth. Swearing at the Utah
s. Northern is greatly in fashion,
and many look upon the railway as
huge monster, making such dis
elimination to favorites as to almost
ruin the farming population. Coal
runs from IS to $40 per ton, and
people pray TO have q railroad to the
large bodies of coal east of Cache.
Some book concern has ten tons
OF books on sale at auction, but peO-
pie say they fail to see the auction
that they are offered at unusually
high retail rates. Not many sales,
as money is too scarce. They will
move to Ogden soon, and then TO
Salt Lake, they say. They hail from
San francisco.
The Moss Boston MINISTRIES Oper-
ated here on Saturday and Monday
last, and are said to be the finest
troupe that ever visited this county.
L attended on Monday, and as far as
nay experience in minstrelsy goes.
pronounce them very funny. The
female voice was certainly extraOr-
binary and very fine.
Three or four inches of snow OF
the ground, and pretty cold wea-
Their.
Good authority says that real es-
tate is worth only about one.half OF
what it was last year at this time.