Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-11-25
rnp TURN on TIE TIDE.

TlE TURN on THE TIDE.
The cashier Of one Of the lo,ding busl-
ness Institutions Of Salt Lake cry said
to the writer todayi "rhis week has
been considerably better Ia collections
aud trade than last woes ives, and last
week was better than any We had had
for four months. Say that much TO the
readers OF the NEWS; 1t T. true, and II
will perhaps make their lhanksgiv.
ing meal, whether Of turkey or not,
taste little sweeter In the mouth"
So many other business men have
givon substantially the same verdict
~ to the improvement, that there can
be neither risk nor mistake in calling
attention to II. We would not raise
false hopes or impart too rosy tinse To-
= prospect when has looked 20 Tor
bidding for the winter; hut We shall
not deny IN. satisfaction that comes
OF the tbility to make this report
iruthfully, for its tendency Will
be to restore confidence, and conh'
dence Ia more a necessity In present.
commercial aud industrial affairs than
cash. There will still be necessity Tor
close economy In personal cxpendi'
lures, and retronohmont In all that
will admit Of II without actual los; hu
there h an unmistaiablc revival 10 the
various avenues Of business and n
welcome loosrning In the slringency
which has been 10 intense.
In this connection II may not be
Rmiss 10 note that gentleman who
recently returned from the East
brought with him copy OF a report
made 10 leading firm Of New York
bankers by sentative Of their
house who looked this couniry over ~
to It, prospects anu resources,
and the security II offered for
the investment Of capital. The
comparison drawn between Utah
and some Of the adjacent common.
wealihs IL most flattering 10 us-to
much 20. indeed, that the NEWS hest.
tAtss to reproduce II lest It should be
deemed odious 10 our neighboIs. There
can DO no improprlely, however, In
giving a brief summary Ut the com.
pllments bestowed upon Utah aud her
people.
Tho expert referred to says ho Is
more than ever impressed by the
future possibilities OF the Territory; IL
agricultural condition has reached a
high state Of development, but ~ re-
CARDS mining ana manufacturing, ils
resources have been scarcely touched.
"rhe per capita mortgage Indebtedness
issmaller than that Of any other state
or territory; the population is thrifty
and economical, and In hard times like
the present they simply 1.-Two more
economically, but do not show any
indication Of being willing to <, into
debt. Their progress has been steady
and the fact that they have attained
such success against the obstacles which
existed when the Mormons nrst
reached Utah, shows that with the
facilities now offered Utah must al.
timAtsly become one Of tho greatest
states In the Union. Instead
Of lighting ON the mining Issue, R-
many OF the other Western states have
done, Utah has faced the Bilua.
ton, and tho mine lAbOrers and
others have accepted reduction Of
wages. All the banks have a
good reserve, and this Is largely
because there is very little disposition
on the part Of the people OF Utah 10
borrow. The trouble In
Utah was certainly not entirely caused
by tho utoppago Of the mines. The
Territory shared In the general bul,
ne's depression, ami viii recover with
the rouonl recovery, but think more
npidly as tn .anle.srr 2ot IA debt, Z,
ere is much more OF IT, '",uo
friendly tenor iu the report before ur,
but enough has probably toen given go
show the reader how capitalists regard
the people of tuiy Territory uuJ their
credit The latter r,malus unshakon
by panic, depression, or even threats
Of revolution all around U.s. lt con.
shlules a bright record, aud Is more
preci0u. than silver uf gold.