The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-07-31
SATISFACTORY PROGRESS.

Some peep'e ara gloomy over what
they term the collapse of the real estate
boom in this city. These arc the per-
sons who collapsed" with the boom.
They are the spectators; the fellows
who came here, not with the intention
of growing up with the country" but
OF blowing up the country and pro6ting
from the wreck. Nobody is worried
save thoss who INDUCED in "options,"
and miscalculsted. There were few
of them, and they havs besn squeezed
more or less, according as they were
more or less reckless last winter or
spring. They didn't know when to I'M
load, and liks all who learn by expert
enoe. are paying somewhat dearly for
their experience.
The seasons experience has demon
trsted, We hope to the satisfaction OF
everybody, the trath of THE HKRALD's
oft-rspested declaration, that there can
De no "boom" in this city; IS the word
rs popularity understood. There can
and will be progress and prosperity, but
the hurrah and mad rush which have
characterized the growth of some west
eru cities will never find congenisl soil
here. They cannot thrive in this cli-
nate, which seems to be lacking in the
elements which set people wild in re-
gard to Wichits, Kansas City, Los An
geles and other towns which are now
inHicHng upon the once mad people
the penalty for disregarding wis
dom and good common sense In their
methods. There are reasons why the
boom" cannot be made to go here
The community is made up largely OF
slow-going. non-speculative, safe peo-
pie; they are here less for the purpose
of getting rich suddenly than because
this'is their home in austhat this word
implies. Be they prosperous or other
wise, they are here to stay. and it will
take more money than even boomers
can offer to tempt them to take leave of
their vita and run to speculation. The
little furry of some months ago turned
the heads of very few. The many
were as cool, coDsiderate and
cautions asl ever. knowing the
value of money snd of real estate. With
this kind OF a community all efforts to
jnaugurate aud maintain for any
length of time, a speculative boom " i'll
prove futile.
But it should not be understood by
thi, that prosperity has deserted the
city or will depart from it. The pro-
gress of the season promises to be re-
More building is going on
than for years before; there is more
general employment of labor, and it
can readily be demonstrated that
while prices of real estate have declined
from the figures asked last
spring, they are higher than they were
year ago. To-day values and prices are
very nearly equal. AS long as this
shall continue thrre will be no boom,
but there will be prosperity of the sub
stantial kind. Such advance as shall
be made will be held, for it will be en- a
solid foundation, and in the long run
our progress Will be much greater than
that of the towns which rush into no
toriety, importance and greatness, !"
only to fall with crash.
The HERALD is well pleased with the
outlook for Salt Lake. We are not sorry
that there came check to the order of
things prevailing a few months ago. and
are pleased in the thought that
such an unhealthy state of affairs as
that with which the city was threatened
cannot come upon the town. Nosody
who gave his good sense q chance was
hurt by the BOOM" and those who
would not permit their better judgment
to assert itself, are entitled to little
sympathy. The community has not
suffered; on the contrary, a consider
able advance has been recorded in its
favor, and it is still moving ahead at
such safe pace as to dispel the appre-
hension of disaster.