The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-12-27
HOW BUSINESS IMPROVES

In some localities times are better
than they have been for some time. 1t
! is so in Utah Wherever the signs of
prosperity are found they are traceable,
not 10 any policy of the present adj
ministration, but to certain influences
which are potent in spite of the none
/ tary system now in use.
These controlling influences are as
follows: The relaxation of capital
which invariably follows a panic. The
! confidence at home and respect abroad
which always follows decisive and
successful war. Habits of economy
acquired by the people during period
of close sailing and hard rustling.
In Utah there is more money than
there has been for several years, be-
cause the people have been digging it
out of the hills, saving it, investing it
/ at home, improving the cities, the
state, and the business conditions of
the state. They have learned to de-
pend upon themselves more and upon
the general government less; to look
to the resources of this locality rather
than TO federal legislation.
The south is improving, too In
spite of the low price of cotton and the
tariff inequalities, some of which seem
to have been aimed directly at south
ern industries, the business conditions
Of the south are growing better.
Compared with eastern and northern
states the south, industrially, is in it's
youth A number of cities have out
grown the traditions of the section and
J the economic belief of the old south,
becoming manufacturing and mining
centers. There is Birmingham, Ala,
for instance. 1t has grown to be a
commercial factor in the development
of the south. It has demonstrated the
possibilities of enterprise The whole
vicinity is bristling with smokestacl6s.
All the little towns for miles around
are mill and factory sites with pay
rolls of the like of which the old-t timers
never dreamed.
North Carolina has its Charlotte,
Virginia it's Richmond, Florida its
Pensacola, Texas its Galveston, and
other states their manufacturing
| centers. The development of the south
is shown by the progress and growth
of its railway systems. Another index
to this improvement is given in the
Manufacturers Record. 1t says:
Judging from collections, southern
tradesmen are in very good shape. They
are paying their bills promptly, and
we have very little trouble on that
score"
! The reason for this is given as fol-
lows: During the last few years those
who We're not financially able to do
business have dropped out, and the
majority of merchants in the southern
communities today are sound Expert
/ ence has taught them economy, and [
! believe they viii plan their business
for the next year to suit the changed
/ conditions. As to the farmers them
selves, they have also been taught by
! experience to appreciate the value of
economy, and in spite of the low 0rices
will not suffer as In former years. for
! they realize the danger of running into
debt, and will limit their purchases. ;"
Thus it viii be seen that people are
helping themselves, turning over new
leaves in business, as they say, making
up in economy and care what has been
taken from them in opportunity and
right by a system of extortion which is
responsible for an unequal distribution
Of wealth and power