The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-26


Annual reviews of Utah's business
since 1892 have not been characterized
by any startling statements of pro-
gress. They. have been constructed on
the whistling to keep up courage plan.
Throughout that entire period our COM
mercial and industrial interests have
been struggling against the opposition
of financial depression, and while every
year since 1S93-the year the struggle
commonwealth has been possible to re-
port some progress in the way of in
creased population and q, reduction in
the number of idle men, no reviewer
has ventured the statement that the
gloom of depression was not still pres
ent in our business life.
I think the people of Utah expected
1887 to bring relief from the unfavor
able conditions Of previous years and
Ihat IN large measure thor az
tations have not been realized. The
year marked the close of the first half
century Of trans Missouri {
The first six months of it were given
over to pleasurable anticipations Of,
.fand preparations Tor the gles.4 g-olle-,
hich in July was given 10 ce' hrate
the arrival of the first band of pioneers
IL this valley, and TO commemorate the
achievements of thuse 10 whom Ne sA4e
indebted for the up-building of our
commonwealth.
RESULTS OF TIE JUBILEE.
The busy citizen is prone not to
marshal the events of the past which
have guaranteed the greatness of this
state, and a celebration such as was
Utah's pioneer jubilee is occasionally
necessary, in order to bring him to q
realization of the manifold blessings he
4
vance Of 1t that the money 10 be eS-
pended upon the jubilee would be
money wasted. but when its splendOrs
had passed 1 doubt whether there were
a dozen in the state who did not feel
that that period of jubilatiOn was a
distinct advantage. Summarizing its
results: 1t satisfied the pride of the
people It was a partial discharge of
the debt of gratitude We owe the pio-
neerS It exhibited attractively the dl-
versity of our resources. 1t chronology
ically presented the march of civiliza-
ton from the earliest settlement TO the
present day. Il brought together
friends and relatives that had been
separated for half life time. It pre-
scented to the dim vision OF those who
first saw its site the spectacle thereon
of Utahs capital city. 1t proclaimed
to the people Of the United States the
final settlement Of the past unhappy
that the youngest state Was proud OF
her history and was in the race for
supremacy with the other states OF
the west. Utah. through its agency,
was advertised far and wide, and men
We're made to realize her greatness who
before knew less about her than they
= did Of the smallest state in Europe. The
spectacular part of it has faded. but its
material part is with US still, and the
good that will follow to the state from
the Jubilee viii not cease to flow for
many years to come.
THE YEARS RECORD.
The French punetuate their history
with the date OF events. So should we.
This year of 1897 should always be
remembered and described as Utah's
wear Of Jubilee. Looking back upon
the u months Of it we have cause for
great congra tulation. Our volume OF
business in salt Lake, measured by our
clearances. has been largely in excess OF
any previous year Mining, even with
the hampering influence of low silver
values. and the consciousness that the
long discussed financial question is Still
far from settlement. has been phenom-
enally successful. New discoveries
and valuable ones, have been made al
over the state. New mines have taken
their place in the dividend list, and
Neutrality-suspicious. Mercur-has IN
folded month by month as against the
time now not far distant. when it will
bloom into greater greatness than is
claimed for the much lauded Cripple
Creek. But there are other signs o.
progress TO be noted. The strings about
the money bags in the east are loos-
ened and some of the money for which
we have long prayed is actually com
ing TO the state One high of reputa-
ton in finance told me recently that
$50 OO0. 900 would seek investment in the
west within the next two years. Thinb
Nof that, Fifty millions of dollars.
suppose that we get our deserved share
Of it. how many people viii then be
crying about hard times? There are
some signs that this prediction viii