Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-07-19
FINANCE AND MINING
Tie National Banks Make a SlllS-
factory Showing.
PEOPLE PAYING THEIR DEBTS.
The Ontario aud Daly Wages. Beaver
Items. Miscellaneous
Matters.

Mhlitlhs
The financial statements OF sll tne
national banks In the city are pun
lishcd today, and show the eondiu'h
ofthose institutions at the close OF DUST
meas one week age, The position mas
not materially changed since then'
The statements present most Sa'is'
factory showing and indicate the I'M
possibility OF such a disaster as Dele'
soma of tho Denver banks
Yesterday. Said prominent
banker today. "salt Lake is In
,nlendid condition, considering all the
circumstances. Her banks are all
fIvhL In nearly every instance their
actual situation lie even better than is
,hown by their statements, which
chow them TO be- solid. The reason for
THE il that the stockholders are among
the heaviest depositors. When that
fac, ia considered, the actual condition
oi the hanks IL much better than
figures alone would indicate.
AS to a run that was made In Den.
v,r yesterday and today, the PEOPLE
here have got more judgment They
don't Hy oil at a tangent, and you
O. uld't get up tcate on 40
nuls basis as Denver got g..
They say Utah people aro peculiar,
"a my experience agrees With that
iIoa. They are peculiar enough to act
e. oily anu deliberately In financial
matters, and not stampede like cattle
Du the plains. The Denver failures
viii not affect Salt Lake, because our
commercial relations are not lnwOven
with their. Some few people may feel a
little nervuue for time, hut confluence
iuun comes back when II IN realized
INIT we've got secure foundation"
PAYING THEIR DEBrs.
Merchants report II easier to
make collections the past week
tutn earlier IN the month. The
had OF one leading firm said
tg8ay! 1--WE had three 20 four
tuoutand dollars mole come 10 this
Wtek on bills than 1 anticipated. Peo-
Ilr come In and pay part Of their
Indebtedness, aud the movement to
settle up al least y Iortion IL quite
Marked"
Said another prominent merchant
on the subject; EYES, during the past
two weeks, collections have been
tnsier with US, 10 TO portion Of our
bills. People pay up IN pHr and there
seems 10 be u feeling amOng u good
many TO pay bills anu get out Of debt.
The big hills do not come In half 10
well m the small ones. IL IL the
small purchasers who come In, nnd
my experience IL that the masses Of the
people are econOiniZlng and seeking
to get out Of debt. The larger bills
may be treated the came way later on.
l hope no."
BEAVER OTTOMAN" BIIs.
Dick Rich was In town from the Rob
Roy mill the other day and says ar.
engagements are about completed 10 put
up Joseph Runtington's s0.horee
power engine ut the mill to use until
this Pelton water wheel has arrived.
The Horn Silver has staked Oh
ground ut Frisco Tor new reduction
works. They are to use the old arte-
elan well driver 10y a. q. Campbell
some years since. II IL down 800 feet
where the old drill broke Oh. IL is u
be sunk deeper.
William Johnston has purchased a
thrrr.iourths Interest In the White
Horse lead owned by Newton Hin,
located a mile northoI the Sheeprocks,
Ina Newton district, for 1915. Ho has
also purchased half Interest from Mr.
hill and :. 3. Holbert, Ia the Rattle,
Gnake lead, for sls5.
Tue Horn silver management has
concluded 10 erect concentrating
works OF large capacity nj Frisco u
concentrate the ore from their mine.
In order 10 successfully run a works Of
this description, II will DO necessary q
utilize the water cut OF the $40 fool
nrtesian well, sunk several years aye
ON the rite OF the old Frisco smeltetB
aud this Superintendent FarnswOItl
has witely concluded 10 do, insttnd o,
having water for operating purposes
hauled by rail from MILFORD as nj
present. This IL good news aud vii
give spice OF renewed life TO one O
the oldest aud wealthiest camp, no fal
IA mineral products are concerned, IN
southern Utah.
IN DETROIT DISTRICT.
Willard County blade: Conslderabl,
Interest IN being manifested Ia tbs D.,
tIOlt district by new developments "a
lhr Rather anu lbex mines. In ID,
lormer mine recent strike OF silver
use was uncovered as.aying S3T4l sii
yer, s.5 gold and II Per cent copper
For tie amount Of development worn
u1ur, there Ii not mine In Utth tina
rns large bodies OF ore In sight
t.y utc on the foot wall IL txceptlv n
ass uuh In gold, silver ana copper. I
.ru dei8l0Od that shipments rom thu
Ilru VIII DO made regularly, com
mtnelng this ptrsent month, Tint,
teins the place where the orc 10 20 b,
mated. The ore In question oarriti
10 large per cent Of iron, and from THU
Tact J.. very desirable for smelling pUt'
o,es anu 10 eagerly sought Ior by
tniulting men t.r tiuzlug purI oses
me proprietOTs are hitssis. Mlkesell
McBuTuey anu JucHbs.
ne lhuK mine still continues regular
saipmeuts OF high.yrnds gold Jre, tw,
carloads being shipped the past week
running very high In the yellow
metal. This mine has developed into
ntetf the greatest golI producers II
Utah, aud lagge bodies are uncov
vtru from time to time ss dovelOpu.un
work proceeds, thus showing tue per
tuauenoy Of II. MIR. Mount, the sulet
iuteudent Of the niue, II well know
a. a thorough mining maR.
lHE SILVER COMMITTEE.