The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-06

The above was the result Of the cleo
lion Of officers at the annual meeting
of the stockholders of the chamber of
commerce last night The interest
centered in the choice of president.
which brought on a close and spirited.
but good natured contest. between the
successful candidate and lIr W. E.
Hubbard, it being generally understood
Mr.. James H. Bacon would not accept
4 denomination.
The meeting vas not 50 largely at
tended as had bce1 expected, owing 70
the storm. A considerably larger num-
Der Of stockholders, however, were re-
presented by proxy, so that The vote
for officers was more than double the
number in actual attendance.
PRESIDENTS ADDRESS.
President Bacon called the meeting
TO order. ard after the reading OF the
minutes by the secretary, delivered his
annual address which was of the ex-
temporaneous order. He referred
briefly TO the condition OF the present
rooms occupied by the chamber when
he, as president. took charge and the
work that followed to make them neat
and attractive. In their present CON
dition. with a collection of exhibits
that would he credit to any city. he
hoped the quarters would prove more
attractive in the future than in the
past
Mr.. Bacon reviewed the domestic
commercial happenings Of the mast
year and predicted great improve
ment in business during the present
Utah was blessed with boundIess re-
sour IS. in 1892. when the sneaker at
tended the Worlds fair at Chicago lie
had a discussion with some friends
who were bemCaning the depression
in the price Of silver and the effect
upon Utah. The speaker said then
that while all Utonians were regretting
the low price of the white metal Utah
had other resources. and predicted thar
in the year 1900 the yearly OUTPUT of
gold in this state would exceed any
previous yearly production Of silver
Now the speaker was prepared to pre-
dict that within the next two years
this change would be realized. Mercur
was fost becoming the great gold pro
ducing camp Of the country and a few
years Of development would put the
camp at the top of the gold producing
regions Of the world
Concluding. he urged all stockhoId-
ers to give the board of directors sun
port and the chamber could be made
what It ought to be-the seat prO-
moter Of commercial interests in the
int@mountain region. "St. Paul and
I no.
he continued. Sioux City its corn nal
ace, Pueblo its mineral palace, Pitts
burg its coal palace. and Salt Lake
ought to swing in line with q salt
palace" (Applause)
SECRETARY CoLBoRNs REPORT.
At the conclusion Of the presidents
address the secretary read his report,
which was listened to with close at
tentior and frequently punctuated with
applause. The report in full IS as
follows;
THE sEcRETARY's REPORT.
To the stockholders:-Law and CHS
tom require Of the secretary. at this
time, a report Of the conditions which
have prevailed within and without the
chamber of commerce for the past
twelve months
With this meeting closes the eighth
year Of me existence Of this OrganiZa- I
ton. It's entire life time has been |
passed under territorial governmental I
conditions. It enters upon its ninth 4
year lust as Utah has crossed the I
threshold Of statehood
Whatever successes the chamber has !
attained in the past, have been at (
tanned in the face Of distractions to /
investment offered by the territorial
form of government. Happily. these |
Instructions have been swept away by |
the admission Of the state. and the I
chamber may now proceed uDon its
mission with the certainty of obtain /
Ding results proportionate to the energy
displayed.
Within the past month the institu-
ton may be said to have passed from
youth 10 maturity. and review OF lis I
career viii, 1 hope, not be considered
out OF place at this point
It's organization occurred amid the
signs of coming prosperity common to
the year 1887. A widespread belief then
prevailed among our business men that
the city was about TO enter a period |
of extraordinary e5rowth, and stimu-
lated by the hope of seeing it common
suralte III sIze and Importance with its
surrounding resources, public spirit
took a strong squirt, and the chamber
opened with a membership list made
UP of the names Of representatives of
almost every branch of local business.
The membership fee was then SIS for