The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-12-25

concerning Utah, and residence here
of year has served but to contlrm the
favorable impressions they had previ-
ously received, and which had caused
them to migrate thither.
With the idea of obtaining the views
of some of the leading dealers on the
present state of trade and the outlook
for the future. a HERALD reporter
lately called upon some of the most
prominent Dealers and the results are
detailed below:
]. K. GILLESPIE,
one of the oldest dealers in realty in the
CITY, was seen by a HERALD reporter,
and in response to queries he said:
"Of course, we have great exoeclatlons
as to the future, or we should have un
loaded long ago. | do not, however,
anticipate a revival of the scenes of
year ago, rather do l took for a steady
growth What we need Just now in
order to create big demand for resi-
dence and other property is railroad
or two of The many that are now ap-
parently heading this way. You may
talk about manufactures all you want,
but tell you it is railroads that boom
a town. The railroads made Denver
and they now hold it where il is. Of
course, Leadville had consider
able to do with Denver's pros
perity and growth. l would much
prefer to see a solid, permanent
growth than a wild frenzy. There is
no wav to get around the fact-We must
uuburdeu ourselves of considerable of
the moss that is yet clinging to our
shoulders, and by our own works show
that we have faith in our own sur
rnundings. l am not one of those who
favored digging up the streets as soon
as it was discovered that the district
had gone for sewerage, but l do
think that a little more haste towards
the goal we all desire to reach could be
used with good advantage. l am sure
that when actual work on the sewers
commences, we shall be rewarded by
an increase of population. Men who
desire to build here will have more faith
in the permanency and growth OF the
city,
"And how do you find the real estate
business"
Well, there is considerable move.
ment and still more inquiry. l know
of some transactions lately which in
volved good fgures-higher, indeed,
II
1t is a little too early, yet, to expt ct
much activity; and no one buys real
estate during the holiday season. We
have no reason to complain of the
volume of business in our Office. 1t has
not gone on with rush and whirl as
it once did; rather has there been
quiet and steady trade"
SMILEY, GR9sHELL & CO.
The gentlemen composing the above
firm came here on the boom of year
ago; the fact that they ere still with US,
when so many of their competitors
have fallen by the wayside. is evidence
enough to the ordinary observer that
their lines have fallen in pleasant
places. Mr.. Smiley, when seen by a
HERALD scribe yesterday, said there
had been pronounced symptoms of a
reaWakeDing, and that there had been
more inquiry from the outside during
the past thirty days than d ring the
three months previous. During his
recent visit east, i,r. Smiley looked up
the prices of property in several
cities, and found, he said, that
while people here were COM
plsining of the high figures
asked for real estate the figures
were low as compared with those of
many other places in Colorado and
Nebraska, and in towns and cities, too,
that do not Iossess a tenth of the
natural resources that we have. Pro-
perty in Salt Lake is from so to 100 per
cent. lower in many instances than in
such towns referred to above. The
result is, of course, that sales are not
as numerous as they would be if prices
were kept within reasonable bounds.
"If everything goes we'll" said Mr..
Smiley, in conclusion. 81 see no reason
why Salt Lake should not have popu-
latlon of from $4,000 to 100, 900 within
the next two or three years. That
some of the big eastern railroads are
heading for the coast is beyond quts
ton; the Pacific is the goal of their
ambition; that some of them will pass
through Salt Lake, and possibly make
it their terminus, at least for time.
is also beyond question. This alone
would cause boom and good healthy
one, too. The building of the Salt Lake
Valley & Eastern, which will run be-
tween this place and Sioux City is, was
told by gentleman who is largely in
terested in the enterprise, an assured
fact; that the obstacles that once existed
have been brushed away, and thatfrom
now on work will be pushed with vigor.
Then, again, the recent determination
of the Denver & Rio Grande proper to
extend its broad-guage to this city, has
had good effect upon those eastern
people who have had their eyes upon Us
for some time, and who are only await
ing what they consider a favorable time
to descend upon us. AS to the
little buzz of excitement of
a few months ago, you will
discover that it will be increased a
hundred fold before three years have
passed. 1 think the progress we have
made within the past year or so has
been decidedly satisfactory, and it is
but forerunner of what is to come"
WESTERFIEJD & LYNCH.
This firm, formerly Westerfeld &
Crismon, entertain no views but those
of most hopeful character. They re-