The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-03-31
snmnrnING MUer 81 DONt..

SuMnrnIAG MUsr BE DONE.
There is no denying the fact thai
.oo,n,,y nj a luE has come upon the
"boom." During the past TWO or Unree
voaks sales have been less frequent
than formerly, and the inquiry Tor Guy
property is not SO brisk DIS IL was
a little while ago. We cannot Oe'ie's
this d.pres.ion is permanent, nor Ina'
tbs bottom has fallen from me DOOM
There Is cause for this luil' however
and il is QUE which may lead 10 Tue
ending OF The activity, which PROMISED
IN make this city suddenly popuiouS
and important. That cause may Oe
fou,d IN the disinclination tU improve
property, aud the failure TO Pro'iue
emnIovment for the people ne are IN
yitlng to cone. Up 10 the presen'
time there has been no lhulcA'i ~
of any progress. NO 'hanU
tsctu i,g enterprise has Lee
undertaken, no utllizaslon Oh nA-
tsr,.I resources has been trleq; tneie
a. M extraordinary bulIIln< gong On ;
the Iumpcr Yards are doing no more
than at other times; the contracting
compsn, es are not called upon to Did
ior vurk. tue brick yards are act'Ve
or,v !, the imagination OF their pro-
nrjetors, and the number OF hlei'
emn,oved in the mech nj al industrle'
10 M l.ro.r than it has been IN preVl' u
years. b.
the purpose of discoursging anybody
mr. depressing the situation. Atteh'lo''
:. csil.d "a them merely 10 warn rlcL
men. property owners, real ts'a'e
dealers and the people generally VINO
5as;ro q mo tuat some ching Ia the
way of improvem mt must be under
+eken or hopes and expectations sc
yondly indulged will be dashed anc
that speedily. 1t dos the town ht
qoed if Smith pays IS QUO for To-
which be could have purchased yea
ago for 50 500, unless be improves IN
lot. he NAV raise the price to Slo oU
Int that will not help the city, SO ioDi
as the lot remains vacant. and IS orna
,rautpd only by real estate sale ign
We don It care what fancy price may
he put upon aud paid for acreage prop
ertv. it will not oeuedt the community
while the prop -rty rsinains acreage an'
10 only v,luab for the grain or V'ee-
tables it can be made to produce. Ih'
o.on v,eid will be no Larger when the
,and sells for 81 OOO an acre than wher
e was valued at only $lOO.
It is a fact that much if no! most o.
tho land in and adjacent to the CITY
uhich has changed owners within th'
n..t eight months, has been bought or
sreculation. The purchasers did 10
bnv With the view to improvement II
.nvth,pg but the price. 1t will be coz
.sded that this sort Of thing canno
Materially benefit the city, and it vii
.l.o be understood that boom having
M 6rmer foundation will be short-lived
Tho,e viii be a limit to the speculator
and q limit TO their ventures; sp'
uhop those limits have been reaches
+he last set 10 buy will n4tursll.
r. ,Istt.n It stands those from
the outside who have alread.
invested as well as local business m ]
and land owners, to exert themselve
10 give life, permanency and solidl'y t.
the boom that has been inaugurated
Something must be done to main ali
the prjces. Enterprises must De goD
into and industrial concerns established
Natural resources must be develope
and utilized, and that great source {
wealth. labor. bo employed produc
;velv. Land must be made worth its priC
imnrovsment and utilizs ton. Peopl
must he brought here, and given som
thing to do. All the ri'h men in chris
tsndom will not help the city if the
only buy vacant lots to let them COL
tinue vacant.
TIE HERALD does not believe II
boom is to collapse; but it will wal
the boomers" that if there shall CON
a collapse i. will be- their fault, for the
have it in their power to make tn
thing lasting