Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-01-06

| OF MS WOrk AT the carpenter trade, Is
capitalized at five and one-half million
dollars, and the stock Is selling at Si2. 90
/ per share, making The value Of the
| property more than thirteen million dol
/ lars The company has seventy-nve
acres and at the market figure each
acre Is worth on the average Slii 1856
The Portland mine, which was also
| discovered By poor men, at the present
market value Is worth 100000 The
company owns $50 acres. worth on the
average S3S,S3S an acre.
In round figures, the Elkton Mining
company has property worth about
$4,000 an acre. the Jack Pot. which
has forty-two acres, Is selling al a valu-
alton OF about $4,000 an acre. and the
Isabella, capitalized at more than g..
| OoDOOO has about 100 acres. which "a
selling at price which would make ito
value more than $4,000 per acre. And
so IL goes on, for half a column OF list
ed mining companies, the shares In
which sell from cents 10 as many dol
lars, but each Of which Is capitalized
al million or more and owns acres OF
gold territory, each Of which Is worth
IRON N,OO9 10 more than 800 900. II Is.
In TACT the only place know OF in the
world where they talk Of their gold by
the acre.
THE CAUSE OF OUR PROSPERITY.
Returning to my talk with Senator
ieiler' ! asked him whether he did not
MINK me present booming times were
lhe result OF The increased production
OF gold the world over He replied:
Il do. ~ III.
mas helped. We have had an expansion
on the currency from several sources.
Ihere Is more money in circulation and
more credit. For every dollar Of an In
crease In circulation we estimate that
mere is $40 OF an increase in credit. I
DeleVe this Is a good thing. Our in
creased circulation comes from the
TACT mat we have been selling a vast
quantity OF our cereals 10 Europe for
several years. Within the past year
alone from that source and others we
nave received from Europe slO2, 900 900
worth Of gold. The war with Spain
put about 100000 600 into our clreula-
ton, and TO this must be added our own
gold output OF s65,OoO,OOO so that alto
gether the increase had been enormous.
Now continued Senator Teller.
during the time of depression, nothing
was being done In the way OF railroad
building. All sorts OF construction en-
terprises stopped and the country was
practically at standstill. The old stuff
began to wear out Some Of the rail-
roads found It necessary to put down
heavier rails, others did the same. The
factories began to be filed with orders.
the, Increased circulation helped. and ali
at once We found ourselves with as
much on hand as we could do"
A WORD FOR COLORADO.
How about Colorado senator. have
you people good times here?"
Yes, and We are going to have bet
ter times. The Lord has so favored
Colorado as TO natural resources that
1t Is impossible for man TO make comb
nations which win prevent her having
good times for any long period. You
may pass any legislation YOU please
and Colorado will master II. You re-
tard our silver industry, and within a
/ Few years We give you gold. 1t is the
same with other things. We have. |
believe the best 100000 square miles on
the face OF Gods green earth. Our peo-
pie here breathe champagne and the
pure ozone Of the Rockies keeps our
blood In good order. We are known
chiehy as @ gold and silver State, but
We have more coal and better coal than
pennsylvania. We have had scientists
out here investigating our coal mines.
and they say there is enough coal here
TO supply all the United States for a
century. One geologist says that there
Is enough coal In Colorado TO make a
carpet more than yard thick all over
the State. Our coal areas are, In fact.
about as large as the whole State Of
Ohio"
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