The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-07-05
NO BUSINESS SCARE
W.Bens0n Says Ten D0llarst0 One
will Flow in with Statehood.
LIBERAL SUBTEREUGE NAILED
Capital will Take Securities Signed by Old
Normons as Readily as if They We're
Signed by Wichita Boomers.

Or all the men who came to Salt Lake
during the last three years no one has
roared so noble a monument of public en-
terprise as the originator, builder and part
owner Of the Knutsford hotel. He stands
prominent among the public spirited citi-
zens who have right to speak out IN meet
ing on the tendency of political changes in
affecting money investments.
Mr.. Benson Is not only enterprising and
progressive, but he is cautious and clear
sighted as well, and with that discretion
characteristic or the Yankee ne weighs
cause and effect with an impartial mind.
His investment being not only in hotel
costing over 100000. but also in extensive
real estate and other interests, he Is di-
rectly effected by dull or brisk times, since
the value of hotel property is in exact pro-
portion to the extent of local prosperity.
Moreover, his judgment is still more en-
listed through scheme now quietly work
ing which, il successful, will bring a mil
lion dollars OF outside money TO this terri
tory.
What he has 20 say bears therefore the
sanction of authority, and for this reason
HERALD reporter was detailed to get the
candid opinion of his sound head.
what is your opinion in regard to the
local political situation and its tendency to
keep out capital" was asked of Mr.. Ben
son.
I'm regard to driving away capital or
keeping out investors L emphatically say IL
is all bosh."
at seems that this is one of the subter'
fuges that the Republican or so-called
Liberal party has resorted to, whereby
they seek to break down the present Dem
ocratlc movement. 1t is true there is little
outside money being invested in Salt Lake
City at present. the same can be said OF
any western city owing to the closeness OF
the money market There is a
time in the history OF all our
cities when capital is 10th to invest. Not
long since Minneapolis, Omaha. Kansas
City and Denver had hard work 10 convince
outside investors that their securities were
good. Why! Because capitalists were
doubtful whether they were TO remain small
towns or become large cities, as they turned
out to be. Salt Lake city for the past three
years has been passing through that stage
from an overgrown town TO mettop )litan
city, and were times flush capital would
seek investments here very quickly, re-
CARELESS of the local political situation, for
there is no western city that can offer any
better securities than can Salt Lake city
to-day"
do you consider, MIR. Benson, that cap
italists will fight shy of Salt Lake owing
to the disarmament of the Peoples party and
with the Democratic and Republican
parties."
Not bit Of it. Why should they {.
Haven't the Mormons been able at all
times to borrow money just as cheaply as
the Gentle brethren. Wouldn't capital
ist look as favorably on the securities of
an old resident Mormon and take them as
quickly as he would those OF an On aha OF
Witchitan boomer!
ssTf il oil yrODO the attitude SnD1a Of 0ur
papers have taken in this respect. The
sending out OF publications OF our own
press with such articles as would induce a
nonresident OF the territory TO believe that
the Democrats and Mormons We're in ca
boots to destroy this fair land, tends more
To keep out e0pitdl than any local election
could, whichever way 1t went politically.
What does capital care whether the names
attached TO our city, county or school
bonds are Mormons, Liberal Republicans
or SImon-pure Democrats; nor would il
make any difference in their value IN the
Eastern market if they were or were not
endorsed by this or that faction. A great
deal of the outside capital was invested in
Salt Lake city before the Liberal party had
an existence. Charles Francis Adams,
President Perkins and others invested
heavily in our real estate, and now, with
statehood near at hand, do they want to
sell their holdings, Notwithstanding they
have been told by the Liberal Repu blicans
that property viii depreciate 80 per cent. if
they, the Liberal Republicans. can't have
the dealing out of our local political
plumbs.
''This internal strife should be Stopped,
Utah made a state and Salt Lake city
should be made the great metropolitan
city that we all believe she will
be- We should all work for her greatness
and common good. Build schools, churches,
city halls and court house, create parks
and pave the streets. There should be
kept an army of men az work on our public
with this would come prosperity and
with prosperity the future would take care
of itself"
Would the admission of Utah as a state
keep capital out of Utahl" asked the re-
porter.
Not at all. Ten dollars to one would
flow in"