Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-11-25
nj. with Banker Mccormick as
to Their Makeup.
NICELY THE MINING CLASS
-. and cattle men Too Are Rep
"a. aud the sugar Factories
=, n,.ponsibie for a His Far.

...,v spcaking there IL probably
= million dollars belonging To
mic lying In the vaults Of the
t,ts city banks today. and from
cunts the amount II growing
than diminishing. A curious
-. representative yesterday Put
,i,,vins Inquiries to Mr. VS.. Me
-, head " the banking house Of
.0fnlck a Co:
gh,t class n people make up the
..,,l run " bank deposltors In Salt
~ ogy
s.s,r.ily speaking" answered MIR.
ers.ck. athe dcpositors In the Salt
n ry banks are men who have
I, thsIr money In Utah and who are
.,.si to spend II there. The biggest
...,,.,n Of the money. Of course, has
rsds In our mines. II used 60
.4 In gii, Lake. aud very truth
fs1t thr gfvnt bulk ~ tho money
~ aut " our hills was sent away To
~ othrr communities. unlike Dem
uhasa mining men spent their
y, al hamr Now, however, that
.iian has happily changcd. The
- Elng owners. for instance, live
y M ihs dividends paid for years
2 IN that great property have been
.sisd here ln erecting beautiful
-, ari In other directions that
IN Inc whole community. The
~ received for the Hal. Of the
.-..rrIai Eureka was also kept here.
n .frtt bulk 0f 10. These are ON.
,uo Instances. but they furnish u
p Irisx u the mining conditions.
~. too. the sheep and wool mon
w had period uf prosperity and
Monty " also In the banks look
q aii for further opportunities for
N ihsrs much u the money In the
s,u irp0a.tel by mofchnntAG'
'Nt y5y much Of IT," was the an.
,rf There are some exceptions. ~
Many Of the larger merchants.
IAmZ ~. l., and others. always
III tsayy amounts on deposit. but as
/ tr4al rule the merchants arc bor-
istr % tho banks. Their daily
itseaa vary greatly, but usually all
BIZ money h needed 10 carry their
49,
4, most " the money In the banks
,sitg dividend paying lnycHtmontHg
sihifr 10 q rrrnt deal looking for In
,a,Hfli. bat az % rule the men who
| ipJ made their money In mines. sheep
j. csit'e DO not hunt any opportuni e
y % "a IL out ut Interest. They
f'hr favor putting u again into the
q business Ia which II was origi-
J b made"
'Ata,hs' steat reason for the growth
IL lsissiis without doubt" said MIR.
tcgukk - The blg proportions the
: .ng Industry has assumed; we used
ral away something like n million
ian pear Tor our sugar. now that
% on|y stopped but adjoining States
D. territories are sending ua money
le.f SUGAR supplies. Added to that
gFlr factories distribute large
rlitii n money among the farmers.
4 e BY them kept In circulation
n he avenues Of business,
'iass conditions which have led 10
rlHth " deposits here show no
ri . cessation" said MIR. McCor-
"A ami would say that the future
san Lake az "a money oontcr looks
s'ully BRIGHT. II iH a very unusu-
hfF 10 rni money NO plentiful hero
% tFht in New York I do not
va box for the interruption To- bust
~ Prosperity that usually attends a
'3nual election, unless something
iifs that cannot now be forcsccn.
.ilil ne reelection Of ptcaldcnt
Aaff u.s. % fnrogono conclusion.
eltyo % will be % generally cnn-
~ ihat The usual agitation In
~ circles which attends national
lAsni viii be- missing during