The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-03-11
Franchises Granted by City
Council Approved by Mayor.
WORK TO BEGIN SOON
BUSINESS AND BUILDING &C
TIvITY INCREASING.
Clear Minds See in the Railroad
Moves Reinsurance Of Mighty
Strides Forward For Salt Lake
City and Reawakening in Indus
trial and Mercantile Pursuits.

The remaining assurance that Salt
Lakes -hoped-for union depot
would soon be reality was forthcom-
ing yesterday in Mayor Thompson's ap-
proval of the franchise ordinances
granted by The city council last Tues
day night. The grants are in the form
desired nv the railroad companies, and
there is no doubt that the franchises.
with ths accompanying conditions, VIII
be formally. accepted before May l, the
stipulated date.
While the railroad companies are not
required to commence actual work OIL
construction upon the union depot
building and its accessories until aug.
1. il is authOritatively stated that long
before that day the work or clearing
the west half of the blocks fronting
west on Fourth West street, between
Second and FourtG South, VIII De
cleared and filed in preparatory 10 lay
ine tracks and hauling brick and stone
for the 500, 600 passenger station. one
Of the first acts will be the construc-
tion of a sewer lateral running from the
depot site to the gravity sewer, two
blocks north.
Plans and specifications for the depot
building are in course of preparation,
anu lHe uOlt ID llAuNl5NA ~
of the Rio Grande Western and oregon
Short Line that the union station may
be ready for occupancy in the sum-
mer of 1901.
Union Depot Gives New Hope.
There can be no doubt that the build
ing Of the union depot at the foot or
Third South street will prove mighty
incentive toward making that street,
from the depot up to State street,
business thorOughfare. Already land
owners are contemplating the erection
of stores. Office buildings and hotels on
Third South street. One OF the frst
effects of work on the depot structure
will be the paving of the new business
street from the depot entrance to State
street.
It is considered by observing business
men that probably the greatest boon to
Salt Lake in securing the long deferred
union depot is the reinsurance thereby
of the early advent of the Southern Pa
cific railroad to this city from the west,
the completion of the Utah & Pacific 10
a connection with southern California
and it's harbors, the extension OF the
Rio Grande Western into the coal and
iron regions of southern Utah and an
other line to the Deep Creek mining
districts, and the speedy coming of the
Burlington road from the east. If Salt
Lake becomes the headquarters Of all
these important railroads, as seems a
certainty within the next three years,
that part of town west of Fourth West
street will be occupied almost exclu-
sively for railroad purposes, and none
of the property owners there will have
cause to regret that the opportunity
was afforded them TO dispose of their
holdings at remuneratiye figures.
The awakening in Salt Lake business
and Industrial affairs caused by the
consummation of the union depot pro-
iect is believed by the mass of people
to be the signal for the rapid strides the
city will soon make to the rank of the
metropolis of the west, second only to
San Francisco and the large cities on
the Missouri river
The improved condition of the
weather the past few days has had a
stimulating effect upon business. Not
only will spring trade open very soon
in reality but building operations are
already taking on renewed activity.
With clear weather and good roads con-
struc%a will commence on numerous
business blocks, fine residences and
many public structures, for which con-
tracts were closed last fall. The inl
provements to be made TO the citys
waterwOrks system and the extension
of pavements and sewer laterals will
form no small part Of the spring and
summer work in store for wage earners.
Investment Securities Firm
The weeks transactions in bank. COM
mercial and dividend-pa paying industrial
stocks show the proverbial firmness in
these securities. However, a little
weakness is noticeable in the local
sugar stocks, despite the fact that at
the end of this month dividends are
payable on them.
In but few instances last week did
the offerings satisfy the demands Of
investors. Sales were made at the fol-
1ovr-ir, ffOr1Q.