Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-07
FINANCE And MINING
Business Men are Very Anxious Re-
garding The Presidents Message,
eoop STANDING OF urAu BANKS.


looked ior Win NJ great buAlelJ ia |
Utah o. was the case today. Among |
business men generally there has been
expressed an intense longing to know
what position President Cleveland |
would assume on the financial ques-
tlons, and "Has the message conner"
was the leading inquiry Il the day.
Some were dubious lost the chief
magistrate would come out IN di'
REQ. antagonism 10 the Interests
OF the West, while by far the greater
lumber were hopeful that concilia'
tory or oven favorable policy would be
advised. s,ill others were sanguino
that tho President would take bold
s,and that would restore confidence
aud materially aid IN ro.ceigbliahing
satisfactory financial conditions.
The consensus OF opinion was that
Nc two leading issues would bo dealt
with, VIZ;
/. The tariff, the uncertainty regard
ing which has unsettled business gonor-
ally.
y. Tho silver question.
Upon these propositions Lead
lag merchant, who, by tho way
~ republican In politics, thus
expressed himself: al believe the
pfcsidunt viii come out squarely
uI both, anu | also believe that the
vcunt agitation In Ia, West, ~ well
o. tie depressed state OF business In
uia East, has given him 10 understnnd
iIi true condition Of nnairs. | am
satisfied thai his accommodation
VIII be 40 favorable M 10 be- warmly
commended In tire West II Is my
u.inion that he viii give assurances on
the tarifi question 10 the effect that
existing conditions will not be ma
ttually interiered will until the pres
cnt financial disturbance has thorough.
iy quilted down. This viii remove
tue cause Of unrest ON that score, ana
restore confidence ia u great measure.
/ also think that he will recommend
BE- compromise policy on the silver
llvsuon that the West can afford 60
Ike into consideration. feel that the
lime iUr turning In money and Indus.
ifial matters IL come. aud that tue
ttesident's message will sound tue
keynote"
The idea suggested In the last sen.
tence was entertained by quite a mum.
Der Of experienced men, though the
precise method which the message
would suggest was n matter beyond
conjecture.
UTAH HANKS AHEAD,
A Tribune Washington special Of
August 9th says: Utan's national
banks have the largest per cent OF re-
berve OF any banks In the West, n not
In the entire country. Their reports
show their reserve ~ be- an average OF
8i.58 per cent, which Is about S per
cent above the banks In the average.
Their aggregate loans and discounts
are a, 30s, 05l; overdTaits, Sl0S,772; due
from banks, Sass, 800, each items, S57,-
6i7; specie bills OF other banks und
fractional currency, ssil ,B2S; legal
tender notes, sl54, O6S; capital $1,000.
COO; surplus 1915, 300; undivided pfoiitF,
si63,0S5; circulation, s3l5,OO0; indi.
viiual deposits, 80, O24, 65U;uuo 10 banks,
Sill 500; rediscounts, $4,000.
idaho's thirteen national banks had
an average reserve on hand July 18Th
ui 2l,9i per cent; loans aud discounts,
el,oiU,.1a; Overunits, $50, 524; due from
tanks, SloO,Ou5; cash itemn, Sls,5lO,
ttecit, S229, 0ss; legal tenders aud other
s-I2 500; undivided Ifofln, slB2,O52;
ejaculation, slS5,6l5; Individual ue.
urslts, 81, 5sl 1888; due TO banks, $780,
40; rediscounts, sl5,d25; bills payable,
$4,000.
NEW GOLD ENClTEMEET.
Park City Record. An incident oc.
Cured last week that bids fair to be
foundation for gold excitement that
will lay the Henry mountains and the
gold producing sections Of Utah, In
TACT OF the West, away In the shade,
aud according to present indications
the news will he sprung ON the public
40 no distant day. IL seems that n
friend OF James McCune,who has been
prospecting in tho northeastern corner
Of Utah Tor tin ore, stumbled on 10 u
small ledge OF mineral that puzzled
MIN. Heknockod OH several pieces of
10 aud alter marking the place ~ he
would have no trouble In finding IL
again, be came to Park City and
showed the rock TO jim McCune.
The latter became excited at once, pros
nuunced II telurium and very rich
averaging over 100000 to the ton. He
brought the rock over 10 town. showed
70 10 merchant John n. RogorsfwhO at
Ynce provided an outfit Of grub, tools
md other supplies, ana McCune and
lus friend lett for the new find prepared
% iOcatu and open ny the vein and
41lsu lts true value.
an .ntimalion OF the find leaked out,
us % always does, anu another party,
htHHrl by Jim Penrce, an old timer IN
iHr West, was soon fitted out and push
.up hard on the trail OF McCunc, and
Luw Utuer parties are making pTepnta-
toss TO 20 In search OF the precious
inrlnl, aud II there Ia anything In the
reported discovery, II Will not DO long
tclurp this section viii be n general
O.tnIglng point for the new gold fields.
The location Of the supposed mine
20, ut, this writing, rather indet Mite
haugh It Ia conceded 10 bo either In
northeastern Utah or southwestern
Wyoming, In one Of the numerous
uouutain ranges In that section. There
no question as 10 thu value Of The
go brought In, the only uOubt being
n,tO whether 1t exists ~ paying guam
DgitP, and that VIII soon be known.
CAN FACTORY.
A factory for the MANUFACTURED cans
hos ueun started at Woods Gross, Davis
county, SteRTns Hatch Is president Of
the company, WIN. Mann treasurer,
aud A. J. Woodbury. secretary aud
manager. The capacity Of the factory
10 5000 caes Der day, AT present six
ten hands are emplyed, all Of them
icing reHidentH of the vicinity.