The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1884-12-28
T7N4NCE AND MINING
rho Holiday Business Done by
! ~ Merchants.
..up ORE AND BULLION OUTPUT.
n rs Trade The OUTLOOK
T. l. = necisions-Bank Receipts
LesS s,nomary of Mining News

.h.rts who laid in holiday wares
MsiO- engaged in inspecting their
are 10" and calculating what percent
shel' q the profits they made during
age o. - week will be offset by the
Christine thew will have to keep over TIL
goUtI year. Most dealers bought ca,'u-
mex. however, and the outcome has
Ously' 1t they were the wiser ones.
shown WIN Ln'1 reporter approached Coo.
a d b', e1acretarv of Z. c. NJ. l., yester-
WeoDeldi osEed how the holiday trade
day am Ii,a-,Dored with that Of last year,
had ,C-C OlLI5ilr that whatever might have
wen h ~ +bis institution, could be taken
ruleu a. as an index of the business
gen no in the whole market.
done Iel ~ s ole {" was the reply, "foOt up
.omething less than last year; TINS was
s sonsed, Of course, by the Iact thaI PIT I
C cSussrs confined their buying to smaller
C CHINO more inexpensive articles, ana l
an Won will find it generally the case
t LII dealers who carried expensive
lbs Si-'s and no very extensive trafnc except
~ tbeir smaller wares; everyone was
I'D II ,,l 70 purchase something, OF course.
DOtl osT have said, everyone go9along
DHil as little as he could. We foresaw
his and made our arrangements
oornr lCI and so, I suppose, have the
General run of dealers.
The financial and commercial papers
81 hand this week are noticeable as
braafhing more hopeful spirit, and the
toIegramS recently received 81 this Office
al Seem to pOint to a restoration or con-
Sdence in trade circles throughout the
country. This spirit seems in some degree
infectious and on the street in this city
there are perceptible signs of brighten
inc mon yisages that have been recently
terribly elongated. Silver and lead both
show Slight signs of strengthening, and
Rrodstreet's contains the intelligence
that breadstuffs are beginning to stltten
= little. all of which will be welcome
news TO the miners and farmers OF Utah.
Recent Legal Decisions. Selected
from Bradstreets.
TAX SALE-RIGHT OF REDEMPTION
The right of redemption from tax
sale must be governed by the law in
force at the date of the sale, and can
neither be extended nor diminished by
subsequent legislation, according to the
decision of the supreme court OF Mime
sofa in the case of Merrill VS.. bearing.
POWER OF STATE TO REGULATE CHARGES.
in the case of the Laurel Fork q
Sandy Hill railroad company VS.. the
West Virginia Transportation company,
decided on the 18th instant, the Su-
preme Court of West Virginia main
tanned the right of the Legislature of
the State to regulate by law passenger
and freight charges on railroad char
tered before the passage of the law.
The court (per Green, J. declared that
the right to regulate and fix at its
pleasure the charges of railroad com
panieS for the transportation of freight
and passengers was one OF the powers
Of the State, inherent in every Soyer-
eighty, to be exercised by the LegiS-
lature at its pleasure, from time to
time, and that therefore one Legislature
could not, by a charter granted to
railroad company, even though for a
valuable consideration, confer on such
railroad company a right to charge
certain fixed rates for the transpOrta-
ton of freight and passengers, and
Stlpuiate that that rate of charge should
not be changed by future Legislatures.
If that were done the court said 1t
would not be regarded as a contract,
but as being in LEGAL effect nothing more
than license to enjoy the privilege
conferred on the corporation for the
time, subject to future legislative or con-
Sutulonal control