The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-10-10

in its general introduction:
| Gone need not go into the downtown
business houses to notice a change
The sidewalks, Uttered with packing
cases bearing the marks of all parts OF
the country, the hurry and hustle of the
outside workers, porters, draymen and
helpers, and the smiling faces of the
statesmen on the store floors are in
! dicative of business. The stores which
were tightly closed at dusk for months
are brilliantly illuminated till late al
night, and through the open doors come
the hum and buzz of activity. The
hotels most frequented by buyers are
crowded, and in the evening swarm
| with drummers' on the lookout for the
country buyer. At the theatres and
other places of amusement the mer-
chants from the West and South are
seen in large numbers, and even during
the inclement weather of last week
these signs of returning activity in
business were abundently in evidence. u
Here are a few extracts from the
various interviews Says a downtown
hotel man:
Our business Is as good as we ever
knew 1t to be at this season Of the year.
Our house is usually full, but some time
ago merchants came and stayed only a
day or so and went away, feeling that
they had come to the market to no
purpose. But now there's a
snap in business; merchants stay their
regular time.
Horace J. Fairchild. of the H. B.
Clafiin company, in speaking of the
business situation, said:
Since the last week in August, there
has been, without any doubt, a great
revival and activity in all departments
Of business. This is positively the case
with the dry goods jobbing trade, in
which the distribution of merchandise
to all parts of the country has been go
ing on, upon a scale which has rarely
been exceeded.
Mr.. Jaffray, of E. S. Jaffray & Co.,
said:
Trade is far ahead of what it was in
1893, but there is no boom.
D. P. Hatch. of Lord &, Taylor, said:
OF course, business is better than it
was a year ago, but it is little early
in the season to say what the fall will
be.
James McCreery, Of James McCreery
& Co.. whose great dry goods house is
in Broadway and Eleventh street, said:
Trade is as good as I have ever
known it to be in September. In 1892
we reached high-water mark in sales.
1t was a remarkably good year, and
merchandise moved freely. We are up
to 1892, and in some departments we are
ahead on sales.
Benjamin Altman, of B. Altman &
Co., said:
We have noticed a decided change
for the better in business, and, though
l am averse to being quoted on mat
terS of this character, l am perfectly
willing in this instance to say that the
change for the better is, in my opinion,
largely due to the settlement Of the
tariff question.
Simpson, Crawford & Simpson. report
as follows:
Our season thus far has been highly
satisfactory, and everything looks now
as il we should have a long spell of
good business. See for yourself-do
these crowded aisles not indicate a re-
YIval of trade, which seems to come to
US even though the weather is against
US?
Nathan Stratus, of R. H. Macy & Co.,
said:
There is nothing 50 bad for business
as the cry of panic, and we have had
lots of that Of late, but since the adj
journment OF Congress that has grown
less, as it had to, with the end of the
tariff talk and the adoption of a tariff.
The New York Commercial Adver-
tiser, a most pronounced Republican
paper, on tine day following the inter
Views with business men printed In
the Tribune, printed a large number of
interviews with bankers on the bust
ness situation. The headlines to these
were as follows:
A PROSPEROUS. ERA. Everywhere
Reorganization, Reconstruction and a
New Financial Deal. WORLD IS
RICHER, BUT. CANNOT PAY ITS
DEBTS. There Is No Longer Any Real
Fear for Our Currency. CAPITAL is
AT LAST GAINING COURAGE.
Every Industry in the Country Has
Turned the Corner, and Is Now Facing
Toward the Goal Of Renewed Prosper
tty. Contraction Has Ceased and Elk
pansion Has Commenced. The Future
Is Full of Promise.
We give a few extracts from what
the leading bankers Of New York say.
Mr.. J. Edward Simmons, president of
the Fourth National bank which in
many respects Is one of the leading
banks Of New York, said:
I think there is every reason to be-
ieve that business is reviving. Why
should it not? There is nothing that I
can see to hinder it. We have passed
safely through all the dangers that |
US, and if we are little bat
tered and sore, we are sound enough |
and very long way from being dead.
Mr.. John a. Stewart, president of the
United States Trust company, said:
I am hopeful myself, and 1 think all |
should be. We have left our troubles |
behind us, to a large extent, and 1 do |
not see whence we are likely to have |
,resh ones. As I see 1T, there is a |
marked improvement in business al |
-eady.
Mr.. George G. Williams, president of
he Chemical bank, said:
I think business is decidedly better
han it was, and it looks as if there
will be a continuance of the improve
nent this fall and winter. I am a
sreat believer in the inherent strength |
md good Judgment of the people of
his country, and beyond all else I am
| believer in their resourcefulness and
courage.
Mr. w. w. Sherman, president of the
National Bank of Commerce, said:
There are many things which show
hat business is ON a larger scale than
was. There is a decided improve l.
nent in bank clearings. which are a
cry good index to the state of trade.
MIR. A. B. Hepburn, president of the