Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-06-24
REALTY And MINING.
How Increasing the Tax Rate Will
Affect Investors.
DIsRErUrABLE ADVERTISING.
Reported Discovery Of the Lost LEAD.
--NOies ~ Mines anu
Realty.

"Ii this thing keeps up a little
longer" raid real estate man today,
"snlt Lake will be- the deadest town
IN the west for Investments
Money has been scared away
by municipal extrRvsgarce aud
the already heavy taxes that property
owners lave to pay. The CITY Coun-
Gil now proposes TO add one.iiflh more
TO the rate. That means that Salt
Lake 10 bound TO bo shown up for a
high tax rate, and investors wont
come near. Municipal extravaganza
has been had enough already, but this
latest proposal to increase the taxes Is
too tough. The real estate mon as
rule nfe spending money freely to adj
vor,iso the city and bring capital In,
out the Council Ia doing its best to
scare capital away"
The lamenting bfohcr has lots Of
real eatato ON his hands, aud the
,uuetzs in taxes this year my change
bic politics.
luxurious ADvERTIsINd.
There is no doub, that ludlclous aI-
vcitising goes long WY toward
buildlng up city, and the bueiness
organizations Of Salt Lake have done
considerable 10 this line. There IL
plass Of advoftising, however, which
cinnot be- otherwise than Injurious,
because u the exRggerations aud bald
niissiattments IL contains. OF this
,IAss'iH the "adD OF "A real obtnto man
uf this city which appears In papers
uu,aide Of Utah. Among tue attrac.
lions Of Salt Lake City Il numeratvs
tlc following:
with n population Of over 10000.
Srventy.fiye miles OF electric street
railway.
Win ten railroads and more com.
log.
The 81, 900. 600 copper plaut is under
construction.
Tue $500, 600 safe and vault factory
hos been secured.
over 20, 600, 600 TO bo used In public
improvements.
No city In the country offers as good
On opportunity Tor investment Ms salt
LAtu city.
II thu last statement IL Judged by
some Of the others when the truth ~
known, II Will be claHsed as fake or
muuohauteuism equally with them.
Advertisers should keep Reasonably
near the truth.
TuE LOST LEAD.
JUDGE l.. q. woolley received word
from st. George last evening that there
IL considerable excitement there over
tuo reported discovery " the noted
"LOat Leap ore field. Parties have
brought In to 81. George samples OF 0te
from tho Magot'a mountains, shout
twenty-five miics northwest from that
place, which urHays $500 ounces silver
and some gold, and reliable men have
gone out to investigate the reported
md. The story goes that nearly forty
years ago two men discovered ricn
mineral GA creek la tue locality
mined. IL was taken to California
aud Its great value determined, hut
when the men came back heavy
storm had changed the little stream on
which the orc had boen found, aud
naJ covered up tue place no tuat II
could not be designated. The search.
iMty had, therefore, 10 give up, The
place was called Lost Lead, aud II ID
supposed that It has been located At
lsht.
OFF PJR THE MINIS.
The recent reports OF strike In the
Lookout mine, owned by the Grizzly
company, have been 30 glowing that
lsaac Jeunings, president u the
company, hse concluded 10 be
on this ground ana seq FOL
himself. lie leaves tomorrow
for the Ruby Hill district, Ia White
Pine county, Nevada. IL II hardly
probable that hu will 10 back by the lei
prox., when the first oar VI ore from
tue uew body uncovered Is expected IL
arrive here.
NOTES.
One day this week A. l.. auckland,
OF Davis county, picked 1000 quartz
" Strawberries from his garden, ioI
market.
Tne weste Union and Jones Il
o.. and Mccormick & Go. report the
price OF silver nj New York today a,
see per ounce. The Wells, Fargo &
~. report has 1t s0.e.
Samuel Gordon ia In from Dugway,
with n couple Of tons OF ore from the
Washington mine, In which he IL
Interested as an owner. He reports
lhu Dugway mines rs looking well,
uiIociaily tho Pride Of tbs West. la
Whu q rich strike was made several
wttkH ago, as reported In the News at
else uue.
Rock Syringe, Wyoming, Miner: A
ihNy VI vnlgranls from spanish Fork,
Uub passed through Rock Springs
llFt saturday, bound far the new Big
Lllin colony. They seemed to be
Iust y provided with stock aud this
wIlu'a goods, but they were fully
uvIeimiued to grow up with the
c.uulIy.
Mining Journal g. a. Ames OF the
Alma nine, at Marysvale received
two letters tubs morning from the toy,
ut that property which cause him 10
rep around like yearling. ID. A.
Gilta writes that they have struck
three feet OF carbonate ore In tive face
the tunnel, and orders sAcks no thai
tucy can ship Rt once. 4. n. Mitchell
rpfroO0rates Mr.. Giles and says the
80 In the same AZ the hest shipped
rom the Deer Trail. One thou.and
1cRa have already been ordered Of
b ud shipped by @. Ii. Rippoy, who
afya his pay In Alma stock IN pref
'rgure TO cash.
Laramie Bocmfran0; The ton,
stamp mill Of Hun and Rlcketts al
Auantic, Wyoming, was started uI