The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-12-23

that the day OF all days, Christmas, Is
upon US. From early morn until nearly
midnight, the Streets and stores were
thronged with purchasers, and there IS
every prospect that the same scenes
will be repeated tomorrow, Christmas
eve. There is every indication so far,
that the holiday season will be the
largest known for some time past.
That there has been an immense in
crease in the banking business OF Salt
Lake in the past year, has for some
time been well-known fact, but it is
safe TO say that very few outside of
banking circles had any idea as to the
extent of this increase. A HERALD re-
porter called at the various banks yes
terday and obtained statements from
each that will give fair showing OF
gains made by our several bankers.i
L. s. Hills, of the Deseret National
Bank, was the first seen. He said that
he estimated the increase in tie bust
ness of that bank for this year over last
was fully 25 per cent. The bank has
increased its capital stock from 5000 900
to $3.50, 900, and is in healthy condition
in every respect.
Mr.. Barnett. cashier for Mccormick &
Co. was next approached. He placed
the incre in the bulk of the business
done by his bank this year as at least
20 per cent over 1887; and this was say
ing a good deal, as the business of 1887
was very heavy as compared with pre-
vious years. Business was heavy dur
ing the spring of this year, and then,
after the real eetate boom subsidized, in
the the summer there was lull; but 1t
has picked up again and everything
looks well for the coming year.
B. Fl. Scbettler, cashier of lions
Savings Bank, said that he could not
give a very accurate idea of the in
crease in their business without refer
ring to bis books, but he thought he
was SAT, In placing it at from Is to %
per cent. The bank has increased its
capital stock from $4,000 to 500 QUO
within the year. 1t is in a prosperous
condition, and next spring will erect a
fine building on the old Wells corner
north OF q. G. M. I.
Cashier Cheesman, of the Union Ma
tional, said that bank had enjoyed
heavy increase of business this year,
though he could hardly tell what the
percentage of the increase was. He
said further, in answer to question by
the reporter, that he had noticed no
fluctuations IN the business with re-
spect to the real estate boom. Each
statement during the year had
shown an increase over the previous
year. The business is experiencing a
steady growth.
T. r. Jones was next interviewed.
Mr.. Jones places the increase in his
business for the year at at least Is per
cent. He couldn't tell exactly until the
end of the year, but the increase had
been very heavy. He said that there
was probably a slight falling off after
the collapse of the boom, but this had
all picked up again. He thought the
real estate business was still in a
healthy condition, and was helping to
increase the bank deposits.
Mr.. Holland, of the Bank of Salt
Lake, was the last banker seen. His
bank has been established emily since
last March, and he could, therefore,
give no comparisons with former years;
but he finds steady increase in depos-
its from month to month, and is well
satisfied with the amount of business
being done by his firm. Mr.. Holland
thinks that another year will see a still
greater growth in all lines of business,
and he considers the outlook for this
city very bright.
Mr.. W. s. GoDBE, who is largely in
crested in the mines at Pioche, New,
has succeeded in raising a capital OF
about half million dollars, which is to
be invested in developing some of the
mines of the Phoebe region, says the
Utonian. Mr.. Godbe had taken some
ore extracted from the Yuba mine east
with him short time ago, and got
gentleman named Hooper to test its
value. 1t was found to be very rich, so
much so that Mr.. Hooper, who has
large claims in the Lake Superior, On.
Y } mining district, concluded to invest
with Mr.. Godbe in the Phoebe region.
Mr.. Il. is the inventor of a new and
much improved separator, upon which
be tested the ores of the Yuba. He will
bring this machinery with him when he
comes. Mr.. Godbe, has gone TO Cali
fornia to look after water power for
the machinery. Ii the fore
going facts prove true as stated to us.
then we MAJ ere long look for grand
revival Of life, activity, and business in
Phoebe.
In the Senate, Reagan of Texas, has
bill for the free coinage of
silver. The bill provides that all
holders of silver bullion of the value of
so or more shall be entitled to have it
coined into standard dollars of 41fM
grains troy to the dollar, upon the
same terms and conditions as gold is
low coined for private parties. Here
8 a fine chance for the Republican
Party to fulfill their promises, made in