The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-11-25

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can compare them with the weekly
sales of last February and March, aud
they will find the present showing not e
bad one.
THE ABSTRACT COMPANIES.
One of the best indications We have of
the confidence that is felt in the growth
of the city and permanently healthy
real estate market is the work being
done here by the two abstract companies
and by the county. This makes a splen-
did object lesson for doubters. One is q 10
cal company, the other an outside COM
pany; both are composed of that class
Of men who are known in business
circles tersely as "long- headed" one
company sees our Territory from the
inside. the other from the out, and both
are willing to stake thousands of dol
lars and spend any amount of time in
the preparation of work, the success of
which oepends wholly and solely upon
the growth and prosperity of salt Lake
City and her surroundings.
THE I. T. & T. G. COMPANY.
The Investment, Trust & Title Guar.
antee Company will be first in the field
with a complete s1t of abstract books
the first complete set that Salt Lake
County has ever boasted. This com
pany consists of Judge GeIder and
George Arthur Rice, two heavy prop
erty owners snd capitalists of Glenn
wood Springs, Colorado; w. J.
Harvey and Thomas J.. truss,
of Denver. J. K. Gillespie saws
that Gelder and Rice own big list of
properties in this city: they have in
vested heavily and are here to stay.
And the same may be said of Messrs.
Harvey and Truss. Mr.. Harvey is su-
perintending the work of getting out
the abstract books, and to him THE
HERALD is indebted for particulars of
his labors.
They commenced work on their
abstract books about three months
ago and expect to be able to get out
abstracts by the first of the year. They
employ ten or twelve men, paying high
wages for competent services. Their
books are practically a copy of the
records, the idea being to furnish
abstracts and guarantee titles without
the necessity of referring to the records
at all. The work now being done is
that of taking from the records every
transfer, in substance, with lead pencil
This is compared with the record, then
copied into a journal, which is com
pared first with the lead pencil copy
and finally with the original record, so
the chance for errors is very small.
The journal thus constructed is &C
companied by ledger, indices, ETC.,
etc and goes to make up very COM
MI Of oh Tho
is the same as that used in Chicago and
in Denver.
THE UTAH ABSTRACT COMPANY.
the composition of which is well known
here, has large force of men and
young ladies at work in the large room
in the upper story of the Court House.
Their work, which was begun over a
month ago is progressing nicely under
the management of j. e. Dooly and
Arthur L. Thomas. They are practic-
ally following the old system
which has been in use by the C1unty
Recorders Office for many years Their
work is much more brief than that of
| the other company.
RECORDER CAYNoN's SYSTEM.
County Recorder George NJ. Cannon
has cOpyrig hted an original system of
abstract records, which appears to be
one of the best thinrs OF the kind yet
shown His system has been adopted
by the county and Mr.. Cannon has d
large force Of men and girl at work
nine during the day and nine in the
evening from 5 O'Clock to 10 o'clock.
70 give an idea of the improvement
made by this system ever the old, Mr..
Cannon said: Under the old system
we had to refer to each name in whion
a piece of property had been held
thirty-6Ye times; as the average num-
Der of such names : ten you can see
the amount of woiA. We had $50 in
dices where we now have one abstract
record and its simple index.
! In this record, page is devoted to each