The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-01-04
FINANCE AND MINING.
, Merchants Views on the
a Departed Year.
oDe AND BULLION OUTPUT
.sted views-Bank Receipts
EEsesu en- silver-News from Bling
The '.m@Utah Viewed westward

49,, hundred and eighty-four has
,ons and few there are among business
gone oh Tho will mourn its departure
men tbevear has been for the farmer
p , IIta n however, there may reasonably
Oh O'+ +be question whether or not the
ail's .,aint heard on all hands has not
conn con. ann1ewhat exaggerated. OF the de-
oeen sO, IN the country arising from the
Prs1 ,;seof the price of grain, there can
Heoll-i5 donbt but looking up and down
Oe ~ street street and considering the status
n a9 .be houses that do business there
% -, 4be fact that few of them will carry
anu na,ance to the wrong side on January
=. ,Qs5 we may justly question
l1 s.tber all the fears that have been ex-
pressed did not partake largely of the
imaginary. a., ,,,o, ,atAfr
2 p Teasdel yesterday and held some
,. ! with him upon this topic
=, sovaral Others. The house of S. P.
m aile ~ has a staid, Bank of England
Ie I:s;t., abont II. and the class OF trade
s . Oioys-an immense business OF we'll
~ eEyg} families who look with horror
to-uo n -T collector off after the
drst OF the months one that mlght pc
and is envied the man who SO iirmiy
holds It: no one ever hears OF any dls.
satisfaction among the employees OF
this house, and there seems to exist as
nerfect an understanding between
EMPLOYER and employed as IS ever manl-
tested In any family. "lf there IS any
one thing have a greater aversion to
Than another said Mr.. Teasdel in the
course of the conversation, sit is max
ing frequent changes In my men.
When a man suits me. like to keep
him. and the little depressions in trade
that come along, do not hold sufficient
10 make me cut down my force.
The reporter preached him on the sub
iect Of a reduction of wages. THAT is
another thing" said Mr.. Teasdel, that
| would ever be very ayerse to doing. My
men. most Of them, have been with me
So long that should almost feel as if |
we're cutting the wages of my own bro
ther, II applied any reduction to them.
Then have grave doubts as to whether
itpays."
Concerning the trade of 1884, said
Mr.. Teasdal, u it may show to disad-
vantage when compared with 1888; but
1888 was one of the best years if not the
best, I'VE had hadin ten year previous, and
too many Of US were apt to imagine per-
haps that We must make tremendous
leaps forward or else we should go back
ward; it must be remembered too that
the reigning prices IN 1884 were from
10 to Is per cent. lower than they were
in 1888, so that just rs great volume of
business might have been done, and the
showing yet been smaller" The re-
porter asked Mr.. Teasdel what he
thought of the outlook for 1885; his re-
ply was that he thought it would be as
good as 1881, and from his tone the
newspaper man gained the impression
that he would be amply SATISFIED if his
opinion were verified. Notwithstanding
the general complaint during 1884,
Mr.. Teasdel said, our failures had been
very few, and the losses very light;
while of the remaining houses none
that ne knew had either asked or
needed any accommodation from their
creditors; he spoke enthusiastically of
the profession of the farmer, whom lie
called after all the only really indepen-
dent labOrer, since his employment
could not be taken from him by any
fluctuations in trade, and no matter
how. prices ruled, he always had that
e IN his bins which would provide sub
sistence for his family.
The country trade in 1884 showed
falling of, Mr.. Teasdel said, but the
family trade had substantially increased.
There has been no mover ut In local
securities during the week.