The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-24
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WITH THE COFFEE.
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1t may sound strange that anyone
should take a pessimistic view of that
long procession of children in the parade
Thursday yet the thought that pressed
hardest upon the mind of a pensive citi-
zen found expression in language like
this:
In FIVE. six or seven years from now
these children viii be grown-up men and
women and seeking each other in mar
riage We may walk along a little
STOPPER and our hair and beard will be
1 grayer, but not so many OF US VIII be
I missed in a healthy crowd and there viii
be plenty of elbow room in the cemetery.
I Not more than per cent OF those chill
dren who passed us in parade belong
parents who have an income and can live
without employment In a state like ours.
where the life-blood of trade depends upon
silver: in time like this. where half the
! people are wondering how the other half
! live, and enforced idleneSs is making peO-
pie worry about where their next meal
! is to come from. where is the hope held
out that the hands of all these little ones
VIII ind something to do so that they
may go on increasing and multiplying?
Today we are in a Joyous mood, and ev-
cry man who has a dOllaS feels ike
spending it and sharing it. but next week,
and the next-hard times and bedrock
Ban, The recollections of this Jubilee
Will be then like the baked meats of the
funeral.
@ q g
Not so bad as all that" replied
friend who represents one of the strong
est investment companies in the New
England states. George Q. Cannon is
thinking of all these things About the
strongest feature of the Mormon church
is the financial adrOitness displayed by its
leaders in organizing plans that will give
their people employment II no other
would be ample for building a road to
the coast The parade We saw just now
is an object lesson.
g g g
Il spent the months of May and June
in the eastern centers of capital, chiefly
in New York. Boston and Hartford. Upon
my honor, While there is prejudice
against the western states the mining
states IN particular. men of capital are
making more inquiry about Utah than
any other state in the west. Colorado
people make 2 pretty good talk when
they go east-they are rustlers and talk
ers wherever they mag be-but the talk
goes in one ear and out of the other of
The cold and calculating capitalist.
Take, for instance, the directorate of
one of those large life insurance COM
Danies in New York or Connecticut. OF
course they demand ample security for
every dollar loaned but they have no de-
sire TO acquire western property by fore
closing mortgages. 1t is not the prop
erty but the interest on the loan they
sition on the individual. and if that
proves satisfactory, he may in most in
stances obtain loans within a narrow
margin of the assessed value of the Sc
curity.
Capital is prejudiced against silver
and every eastern money lender is a
goldbug- While he may tolerate Bryan
man, recognizing the unanimity of west ]
VIII not touch a Populist with 40 rod /
pole. So far. no love IS lost between /
them, but the election of PopuEst gov
ernors and legislatures has initiated /
vastly against Colorado and Washing
ton To the eastern investor Populism 1
stands for reputation and he makes no |
bones about declaring il when he has a /
Colorado man for an auditor.
Now as a Coloradoan is fair repre-
sentative of his class. SO must a
people of Utah. is the reflection of the
eastern money lender. Another thing in
their favor in the eye of the capitalist is
the fact thar the large majority are for
eigners. They land in New York for
instance and go right through on rail
way train without stopping until Utah is
reached. Here they remain and bulid
tne-r homes and they have no desire 10
20 elsewhere. You or / would be at home
IN Chicago or British Columbia or in the
gold mines of Alaska as well as here
But the prudent directOrates of the IN
surance and investment companies make
I note of all these things and govern
themselves accordingly. The owner of a
oerma nent home is bound to keep il and
ness in a conservative manner and avoid
speculation. If he desires a loan TO en-
arr his business, il is with the GER
-ainty of prompt compliance with the
etter of the bond. This IS the reQUta-
ION that rhe people of Utah have sus-
aimed in the east and this is the reason
Why Utah is Interesting the money men
If New England q this time.
whenever eastern money men talk
IbOut Utah. invariably the names of
our men come to their Fps. These men
ire George .. Cannon. Senator Frank
cannon, n. W. Clayton and Heber J.
irant- That magnificent speech of Frank
in the senate in behalf OF Cuba
las made him as popular in New York
IS he IS in Utah and there may be vari-
'us reasons why the others are in t6e
mouths of eastern capitalists. The in
Of the Utah company. the
Pioneer power plant, the railroad inter-
SITS OF CLAYTON and the Insurance inter-
SITS of Grant may go far 20 explain il,
ut It seems strange that these four men .
re mentioned almost to the exclusion of
very other prominent man in Titan.
Yes. I think a change will come for
he better in Utah. and by reason of the
ew tariff bill Today ] made a loan 70 {
prominent sheepEnan who VIII go into
he business heavier. Lead took a jump ;
0 $3.50. Sugar is bound to come out all
light, and more of it. And SO far as irri-
a ton enterprises are concerned. any l
hing under water is a good investment.
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