The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-29
The Real Estate and Business
Interests.
NEWS FROM MANY MINES
Business cIes-TI ade in
the East-GeneIal.

Lake, OgQen ana IIOVOi mas DO0u the
question as to whether the three cities
should combine in an effort to adver-
tise the resources and attractions OF our
Territory in the east, and endeavor
90 obtain such rate from
the railroads as would induce
eastern people to come this way by
thousands during the next few months
There has been considerable difference
of opinion among the business men as
to whether it would be proper step to
take or not, and some of them do not
see very clearly just how much benefit
will be derived from pursuing such q
course, as compared to the amount OF
money that must necessarily be ex-
pended, especially so when. as at present,
there is no certainty, even after this
proposed advertising has been done,
that the roads will give such rate as
.yould be necessary in order to accom-
Dlish the desired end. Some of the
visitors from the outside cities who
were invited to attend the meeting at
the Chamber of Commerce were not a
little surprised when they learned
that no rates had as yet been
secured from the eastern roads,
and that there was nothing
more than a promise Of big reduction
when certain advertising had been
done. Then, there are many who look
upon it as merely scheme IN the in
terests of the real estate men, who,
they claim. must of necessity reap all
the benefits to be enjoyed. To this the
real estate men reply that they have no
interests here but what are common
with every other business man-with
all who desire the city to grow and
prosper, as is necessary it should, and
that the merchants, mine owners and
others who have made their fortunes
here owe it to the public to expend some
of their wealth in future effort to
build up and beautify the country
which has done so much for them. The
realty dealers do not attempt to deny
that they have pecunlary interest IN
the mater, but so, they claim, has
everybody else-that whatever good
may be accomplished by the proposed
move must benefit all; that it cannot be
confined to one class of people or one
line of business. In this view, 1t may
be stated, they are supported by many
of our most infiuentia. business men,
who nave no real interest to dispose of,
but who are willing to give others
chance in the race - who are
wiliinG and anxious to go
allow IN doing all the good they can for
Salt Lake and the Territory in general.
The refusal of the four leading hotels,
who, more than anyone else would reap
q harvest if the idea was carried out, to
contribute toward the fund, caused no
little comment, and has resulted in the
Chamber of Commerce committee on
ways and means issuing a circular
letter to them, in which their atten-
ton is drawn TO the fact that the
committee has so far succeeded in
securing pledges from the business men
of the city for over 50 600, but that no
encouragement had been received from
the hotel men /; that the committee hesl-
tated about soliciting further subscrip-
tions unless they contribute to the
fund; that 900 must be raised before
any of the subscriptions can be called
for, and that would DO great pity and
a great loss TO their business, if, because
of their inaction, the work of the COM
mittee came to naught.
1t is more than likely that, out of all
this chaos, something tangible will
spring. Business men and all others in
this community, who desire pro-
gress, must pull together - sue
cess is only to be attained
by united effort-by long pull and a
strong pull, and the fact that A may
make dollar more than 5, should have
no weight with anyone who has the
public veal az heart.
Business generally has been fairly
satisfactory during the past seven days,
a slight improvement in many lines
being noted over the volume of trade of
the week previous. While there has
been nothing of a stirring nature among
our business houses, it may be set down
as fact that the volume of trade will
compare favorably with any other city
Of like population, either east or west.
The announcement from Washington
to the effect that the committee on
public buildings has decided to recon-
mend an appropriation of 100000 for
the erection of public building in
Salt Lake City, will be received
with pleasure on all hands, |
Of course, the fact that the committee
has decided to report favorably does
not necessarily mean that we are to
have the building, but it is one very
big stride towards the goal.
Lead, twill be noted with anything
but satisfaction by all interested in our
mines-and who is not ?-is still suffer- |
ing from the bears attack of nearly a |
month ago. since which time it has
ga lAo doxY |
in New York, 81 &C was the figure |
quoted, as against 81. 70 of week ago.
Silver, also, is not extremely buoyant,
but an increase of Is cent. is noted |
since our report of week ago. 1t was
quoted yesterday at 93H.
The local stock market has not been |
very active during the week. But few
transactions were reported, and these |
wara rot ~ oil of a STARTLING naturA