The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-02-05
THE PROBE INSERTED
The Proceedings Before Mr..
Hardness Yesterday.
LESSONS IN REAL ESTATE.
promise - What Real Estate is
Worth Eminent Witnesses.

animation into the doings OF Frank b.
Dyer, as receiver, and at that time room
No. 40, of the Wasatch Building was
filled with witnesses, lawyers, reporters
and others who had assembled out OF
Curiosity, or to while away an Idle
hour.
Examiner Hardness, in opening
stated that the examination about to
be made was IN behalf of the court, and
suggested that the court be called the
petitioners. and Receiver Dyer and his
counsel, the respondents. On behalf oil
the petitioners, as per the previous ap-
pointments, appeared Messrs. Marshal
and CritchlOw, while the respondents
were represented by Judge Powers.
Mr.. Marshall arose and said that be-
fore proceeding further in the matter
he desired to state that the trustees had
attorneys present, VINO desired to ap
pear in their behalf.
Examiner Hardness was of the opin-
ion that under the order of the court
he would not be allowed to admit sucn
counsel. 1t was fually agreed, how
ever, that Messrs. Whittemore and
Stephens might sit by the trustees and
give them such advice as they might
deem to be necessary.
Mr.. MARSHALL have here, your
honor, a long list of witnesses WHO have
been subpenaed for to-day. We will
not need them all, and l will call the
| names of such az We desire to examine
to-day-the others may be excused until
| tomorrow.
The list was read accordingly.
ME-, MARSHALL then proceeded with
his evidence, offering, first, the COM
plant in a suit brought by Frank d
| Dyer, as receiver. against Horace 5
Eldredge and others, wherein It was
sought to obtain possession of the
Constitution Buildings. The complaint
was read.
Mr.. ORITcHLow-We now, il your
honor please. offer in evidence
JUDGE PowERs-Wait just moment
Do you offer the answer, also?
MARsHALL-No.
PowERs-Well. we offer the answer.
MARsHALL-We object.
POWERS 1t is part of the files OF the
case, and If one part goes in all should
THE EXAMINER ruled Powers out, and
an exception was taken.
Powers then offered the findings OF
the court and the decree.
Same order; same exception noted.
MR. CRITCHLoW-I now offer the COM
plant of f. II. Dyer. receiver, vs.. the
ZlOn's Savings Bank and Trust Com
pauy for the recovery of property
known as the Wells corner.
PoWERs-Win you kindly state the
purpose of these offarsY
CRITCHLow- propose to show by
the admission of the receiver and his
counsel their knowledge of certain
facts.
PowERs-That is, of knowledge such
as is stated in the complaints2
CRITCHLow-Yes.
PowERs-We offer, at this time, the
answer of the defendantin the case, to-
gether with the balancs of the files and
the Judgment roll. l suppose the ruling
will be the same, and you may give uE
an exception.
EXAMINER HARNESS
smilinRly acquiesced.
CRITCHLow-We next offer for the
same purpose a complaint in al action
brought by the receiver against A. NJ
Cannon, to recover piece of property
known as the church stables, and stu
ated between the Lion House and the
Deseret News corner.
PoWERs-The same Offer is made as te
the other complaints read.
Same exception noted.
| CRITCHLow-We now offer the com
plant of Dyer against A. II. Cannon
and Francis Armstrong, in which TIT
receiver sought to obtain possession o
another portion of the Wells corner.
| POWERS again dissented, and wa
again doored.
The evidence then began by the in
PRODUCTION of
T. A. wiCKERsHAM,
who testified that he was resident O
Salt Lake and had lived here about
year. am, he said, a real-sstate deale
and have handled considerable prop
erty. On or about July 9th. 1888,
should say the value Of the property
being on Brigham Street, and know
as the Angus M. Cannon piece, OF
which tbs church stables are located
would be worth about S14.50o in all
At the same time, should say, tina
the pieco known as the Constitution
Building, would be worth about $50
per foot, ten rods deep, aud that front
ing on South Temple, 5x5. 5000 per foot
or an aggregate value of $l40, $50, ex
Guiding. OF course, the 5x5 en- the cor
ner. The piece of property known a
tie Wells correr, I figure as follows
For the 45xl65 feet, $500 per foot; TO
6)x165. $500 per foot; for 80 feet nortl
frontage $3.50 per foot; an aggregat
value of s54 300.
To PowERs-Have lived here abou
fifteen months, coming from Kansas.
am not acquain ed with the rents
value of the properties named. kno'
OF one sale having taken place som
eight or ten rods south of there durin
the boom period. From that and VIVA
l know of the values in other parts o
the city, have based my calculations
Of course, my calculations are base
upon the fact that good and complet
title could be secured. If there was
cloud upon the title, it would affect it i
a greater or a lesser degree. If tn
cloud were a serious one, of course
would be hardly possible to sell til
property at any price. Bstwee
November. 1887, and July, 1888.
should say property appreciated i
value from GO to 100 per cent. thin
property On Main Street enhanced i
equal proportions to that of outsid
| n.ooortr haea INV oaIou Ia fions upo