The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-08-19


will, in a few years, wipe out the ball
ance of trade against US, become a
lending and not a borrowing people,
and peace and prosperity will reward
our labors."
1 desire to add in conclusion that Mr..
Meighan has clear-cut ideas on all per-
taining to Utah's interests, and while
he never ceases to labor for Ogden
interests by all legitimate means at his
disposal, he is not one to sulk and set
about depriving other Utah points Of
any new enterprise his town may fail
to secure. Failing to so secure, he is
then ready and willing to assist any
other point, believing that Utah's gen.
eral prosperity will in turn reflect gdd-
ed 1uster upon Ogden, and all Utah
points in common. l make mention of
this in order that some people may
stick a pin in it, and refer back occa-
sionally when they are DESTROYS of
blocking out policy to cut squarely in
Utah's favor
COUNCILMAN WATSON.
Councilman Watson and manager for
the e. c. NJ. l., said:
Il strongly incline to the belief that
now the tariff bill is out of the way,
and statehood approaching, we will ex-
perience some revival in business
throughout the county in general. Utah
will, unless past history goes for
naught, be fully up with the column.
If you stop to think that when other
western states were admitted they en-
joyed an era of active prosperity that
told heavily in their favor, why should
not the same rule apply to this favored
section? Mercantile firms will now car
ry heavier and more regular stocks, and
business will after a time get to moving
along in its old accustomed groove. Our
farmers all report good crops, and
while prices for their grain are just
now at low ebb, 1 think the market
condition will improve as does other
things"
JOHN SCOWRAFT,
of the large wholesale house of Scow-
raft IL Sons, said:
II can say that we find business al
ready improving-not to any marked
extent it is true. but improving in a
way that tells me that within the next
three months we will find things going
along in a groove betokening unmistak-
ably resumption of business that we
knew in the past. l do not claim that
it will come quickly, or with rapid
stride, but it will come, slowly at first,
and abide the more firmly with US on
that account. One great trouble with
the people of this country has been to
was good, and they could do it. Many
of our business men that were borrow
ers five or six years ago, and at that
time made money by so doing, believed
the rule would apply equally as we'll to
more recent times and in this they were
mistaken. The crucial test period came
on and found them carrying more than
they were justified in doing, and we
know the result accruing all over the
of oo1 Iaa
at work, and for long years have been
steadily eating into the vitals of bust
ness in all its different channels, cul-
minating at last in a general depres-
sion. Again, people got to doing 4
great credit business, and this proved
disastrous. For instance, country mer-
chants with a $500 stock, would be
carrying $1,000 or $4,000 on their books.
and that was all wrong. Such heavy
book accounts bear bad results. A
firm say that carries a 100000 stock
ought not to carry on their books a
sum exceeding $4,000, and this method
enables them to make quick sales at
low margin. The retailer profits as well
in return. Neither the wholesale or re-
tail house should carry a stock far be-
yond the needs of the business, as is
too often done. Both should sell on
short time, and this enables them tc
sell on a low margin. The man who
sells, and knows he will have to wait
six months or a year for his money, will
put on a good, stiff price to compensate
him, and so it goes. This illustration
will go to show that the American peo-
pie are borrowers, and this OF thelr
own volition. 1t has taken a great
many years to open their eyes tc
things now startlingly plain. but at last
they can see it. Will statehood help
out our immediate section? Now,
have not given that so much attention
as | feel [ should have done, and yet
at the present time l am unable to see
just how statehood will aid us to any
great extent. We have all the resources
now we will have then-Utah is great
even now We won't have TO await heI
becoming a state to witness an add
tional prosperity
Would government ownership OF the
railways prove advantageous
That is deep question, and much
can be said for and against any such
step. Until l give that matter more
thought, l do not wish to venture al
opinion. However. l am going to look
into that proposition more closely, ano
afterwards wont mind telling you just
how l view the matter. If the move
would be a judicious one, all we'll ano
good; but if the contrary, we don
want to NEEDLE in the matter"
]. E Markell, lessee and manager OF
the Union Pacific dining houses, left
today for-the coast, on a tour OF lnSpec-
ton, and when asked by the travelling
correspondent how matters were pro-
crossing in his department, replied: 81
can say that all is moving along very
nicely. I've been down to your capital
and thoroughly enjoyed myself, as
everyone does there, or if not it's theil
own fault Our Garfield hotel shows q
healthy and vigorous increase in re-
ceipts over the same period last year
And, by the way, 1 just want to say
that old Garfield is all there-fnes
beach on the lake-the people who were
temporarily weaned away now come
back to their first and real love, If there
is anything in numbers"
Does segregation of the South Parl
line in any way cut in on your depart
ment?"
''No-I trust that it will, though. We
have but one house on that line, the one
at Como, and that has been one of ex
pense all through. Right now 1 an
/ trying to get rid of it, as with our first
class methods required to run our no
I tells, we run it at a loss since the tran
sient traffic fell off there some year:
1 ago. The latter is what we depend
upon for dividends, and that failing
we can't clear ourselves. Statehood
1t means so much for Utah, that In
only afraid the people will get too
proud, as it were. over so much pros
perity."
Mr.. Markell is well up on the issue!
! of the day, and talks Interestingly
upon them.
BOYcOTTERS ARE BoYCOTTED.
There is one thing I desire to make
clear to interested parties and the pub
lie in general, and in doing so. shall
not mince my words or seek to temper
them through any personal feeling
~