The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-25

It is a remarkable fact that not
withstanding this country is on the
very eve of an election, the results of
which may be inimicable TO its best in
rerests, that business keeps ON in the
even tenor of its way just as if there
was no such thing as changes in the
administration or a possibility that
with such changes there might be
panics, strikes and even bloodshed. OF
course business is not up TO what it
should be, but still there are but very
few who are complaining, and fewer
still who have been compelled TO close
their doors or who have been crowded
into an assignment; which, in view of
the near approach of election day, is an
exceedingly good showing; and this
assertion is borne out by the fact that
during the past few weeks the bank
clearings have been greater, CORES
pondingly, than they were for the same
periods last year, and the showing for
the past week has been on the right
side and in the righE column. This
showing has had the effect of bracing
up the low-spirited and sn giving cour-
age to those vino have been down in
the mouth for the past few months.
Talk is cheap, but facts are facts, and
money spent with the business men of
the city this fall goes TO show thet in
Utah at least, the people are prosper
Gus. and that come what may, their
region is possessed OF so much elastic
ity in its business and industrial re-
sources that there is no fear that the
disasters that threaten other portions
..E 81 w-~s11
over this country.
In mining circles, it is truly wonder
full the way that the mines are holding
up. especially since lead slumped TO the
lowest notch ever recorded for many
years, and with silver quotations at a
point that threatens to drive the white
metal entirely out of the market Yet
with this 10 contend with, TIE sam
ping works of Salt Lake valley are
running nearly to their utmost capac-
ity and the snelters are having about
all they can do, which fact is fully
emphasized by a glance at the daily
ore and bullion receipts, as published
in these columns.
Another proof that this country is in
a sound condition is the fact that new
enterprises are almost daily launched
especially so in the mining line, and
even today many projects of magnif-
cent proportions are in course of con-
summation. which, when fully under
way, promise to give employment to
thousands of laborers, and TO be very
remunerative.
One of the most surprising features
Of the present condition OF affairs how
ever, is the active and pressing de-
mand for good silver stocks which
goes TO show that but little fear is
entertained but that silver is in the
race TO win, and the pleasing thought
about this confidence in silver securi-
ties Is the fact that most of the orders
for gilt-edged silver stocks come from
the east, and also that it is eastern
men and eastern syndicates, very large
". who are buying in all the leading
silver mines in this country thar they
can get hold of: and a more remark
able thing is the fact that there is
even now more demand on the floor of
the mining exchange for good silver
stocks than there is for gold stocks.
and Utah has some of the best of these
that are to be found in this or any
other country: IN fact. there has ban
more rapid and permanent advance in
silver stocks curing the last few
months than there has been in gold
securities.
1t is the general concensus of opin-
ion that Immediately after election
there wila be stirring times in this
country, in mining as we'll as in other
lines CT business. and many proposed
enterprises viii be set afloat as soon as
il is definitely known who has been the
choice of the people at the polls on the
3rd of November