The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-12-11
ASSAY OFFICE
FOR SALT LAKE
Action Taken by Clearing House
Association.
REQUEST TO C0NGRESSMEN
-A
RESOLUTION ENDORSING R0oSE-
VELTs RECOMMENDATIONS.
REQUEST TO CONGRESSMEN

There was an important meeting Of
the clearing house Of salt Lake in the
Utah National bank yesterday after
noon, at which action was taken in IA
vor Of establishing a government assay
office in this city; in favor of the re-
moval Of the internal revenue war
taxes relating 20 banks and heartily
endorsing President Roosevelts atti-
tude as to the arid lands of The west
Every bank in the clearing house was
represented at the meeting except Nc
COrni Ks, and it is said that that in
stituu is in hearty sympathy with
every action taken. Those present
were Morton J. Cheeseman of Walk
eIs', John Z. Dolly Of Wells-FaTgO, L.
s. Hills of the Deseret National, c. 5.
Burton of the State bank, T. r. Jones
Of his own bank, James Chapman of the
Utah National, W. H. Cunningham of
the Bank of Commerce, John w. DON
nellan Of the Commercial National, Jo-
/ seph E. Game of the Utah Commercial
/ &, Savings and Frank Knox of the Ma
| tional Bank of the Republic.
Need of Assay Office.
As TO the assay Office, the meeting
! Salt Lake should have such an institu-
| ton. 1t was set forth that Utah is the
! oldest mineral producing state in the
! Union without an assay Office, and that
now it is the second MISUNDERSTANDING
! state in the entire Union. An assay
! Office in Salt Lake would save the
! trouble and expense of sending the
/ precious metals to Boise or Denver. The
! Utah representatives in congress will
be urged to use all the influence they
have TO locate an assay Office in this
city.
The Importance of Salt Lake as a
! site for a government assay office is
admitted by all cOnveTsant with the
] situation. There is now coming into
I Salt Lake practically $500 600 every
month in the form of gold bullion and
| cyanides, most of il in bullion. Con.
MercUr sends in $125,OO0. De Lamar's
mines in Nevada 100000, Annie Laurie
/ $4,000, Horseshoe 5000, Ophir 100000,
Johnny $4,000 Lucky Boy $4,000.
! Dexter 100000 and Century $4,000. To
! make the showing still stronger, it is
/ given as the opinion of the best in
| formed local mining men that with the
| development work going on these fig
/ ures viii be doubled within the next
| two years. Emphasis is also laid on
l the acceSSlDlLLy Oh SAT- Lake 10 IHt
/ surrounding mines. 1t is a very easy
matter for the producers to ship their
stuff to this point and the establish
/ ment of an assay Office here would be
| a great convenience to them as well as
a means of saving heavy expenses.
Roosevelt Endorsed.
A resolution was adopted heartily
endorsing President Roosevelt for the
! position he took in his message to con-
gress on the question of retaining the
arid lands of the west and construct
ing large reservoirs for this purpose
with the aid Of the federal government
just as other public improvements are
now made.
Another resolution was adopted re-
duesting the Utah senators and rep
resentative to use all honorable means
to have repealed that part Of the wal
revenue law that relates to banks. Th5
principal taxes now remaining are the
tax on the capital and surplus Of thC
banks. the tax on foreign bills of ex-
| change. original certificates of stock
! transfers Of certificates Of stock, time
drafts and some others. These are al
considered special taxes and are held
( by the banks to be in the nature OF
class legislation. The banks all over
the country and especially the clearing
houses of the various cities are taking
similar action in this matter.