The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-12-29
UTAH; A BIRD's-EYE VIEW.


recital of cold bare facts. No attempt has been made
at CLOSING over mperfections false hopes for
ing glory have been raised In a plain, practical way,
the pages tell what has actually been done they describe
the progress in all the varied and diverse industries
which are giving prestige and adding wealth to the
youngest in the siserhood of and from them the
reader that the coming year promises great
things.
OF all the facts related none stand forth with so
much prominence, with sharp outline of reality as
those which bear the mining industry Here the rec
ord is not one of mrewarded toll of millions expended
without return In the year 1901 the producing mines
of Utah nearly doubled their dividends, compared
with 1900. When 1900 came to end We thought 1t
had made a marvellous showing with is distribution of
81 300 to those who hold stock in the mines Of the
commonwealth.
What, then, shall we say OF the year that gives us
81 592O5S! If the records of the close corporations
those which furnish statements of dividends, but
wh:eh are known to be paying handsomely could be
added 10 the total 1t would undoubtedly reach S5000000
or more.
This unprecedented gain in dividends has marked
significance to students of Che mining industry. 1t IN
dcaes TO them that not only Utah men, bet investors
from other sections of the United States have realized
the sodity of investment IN the mines Of the state
It indicates that such OUTLAWS of money longer
considered speculation, that the returns are as
and safe and steady the returns from other
channels into which money Is diverted The dividends
paid BY no means represent Utahs total contribution
for 1901 the metal wealth OF The world.
With the single exception of gold the production
Of all metals shows handsome increase. The decrease
in she gold output considerably than offset by
gains IN copper, lead and silver In order that proper
comprehension Of this great mining industry of
may be reached, must quote the totals which are
found IN detail elsewhere In 1901 the gold silver cop
per and Iced produced by this sold here for ST.
56045768 With the gold and silver computed at their
mint value and the baser metals their seabo5rd value
this great total would be increased nearly S195OO
0OO In 1900 the total value of ali metals was Sl6O
2g012; the year shows a Bel gam OF Sl.5O0OOO
The increase IN production Is not confined to
single district any group of districts. All have
iributed to swell the showing. The mines of Beaver
with their scareetouehed stores of copper Park City
with its silver-lead Unite with It's coppergold, Park
Valley Bingham, Mercur, Stockton, Dixie, Gold Noun
tain and dozens Of others have forward with their
offerings. The rewards which have to the plucky
men who have saked their fortunes and their energies
on their faith in Utahs hills, will encourage them and
Others to renewed energy in the coming year.
1t Is believed that 1902 VIII bring forth great
improvement over 1901 1901 did over 1900 More
money viii be invested more employed. The riches
of the states mineralbearng ground have hardly been
half exposed The campaigns to be inaugurated IN the
year viii extend from end of the commonwealth
70 the other, and the recompense IS sure.
Great as is the mining industry bright is Its fu
ture we must not let It's sheen blind the states
other industries In todays Herald set forth de-
tails of agriculture of fruit and sockraising of dairy
and creamery interests of making and irrigation,
and many other things which go to make people
healthy. wealthy and prosperous All of them show a
comfortable increase over 1900 and all express conf
derce that 1902 will result in & better showing
Salt Lake Cty's prospects were never so alluring.
In 1901 its industries grew in every direction. There
was more building more evidences of permanent pros
perty than ever before One of the best indications of
the ctys welfare Is the unprecedented and constantly
growing demand Cor small residences. This demand has
been recognized and efforts made supply 1t. Dozens
and dozens of small dwellings have been erected but
+T, L. - oIv.o han, tho
No surer idea of Salt Lakes growth could be
gained than from this statement. 1t indicates that
people coming here from other states that they
making their homes hsfe where they may have all the
advantages Of perfect school system, unparalleled
climate aud the many attractions of city life. The
citizens seem happier and more prosperous when you
meet them the streets; the Christmas trade was
never so good and business in all lines was never So
brisk as it has been this fan and winter.
Another accurate financial barometer is the bank
cearings Here have a most gratifying condition
of affairs. Every month of 1901 shows remarkable
increase the corresponding period IN the preceding
wear. In amount the cearings for 1901 were SlS3,
2S4976 compared with S120312132 for the preceding
year, an increase of S62.9T2S44
The banks of Salt Lake City are exceptionally
strong, and are doing magnificent Jus There are
fifteen banks IN the city, with an - e capital Of
$3O05OOO; surplus and undivided floht, $10393 PA
deposits, S27.952,585. and loans, S22,483,039.
Fer the future The Herald can see nothing but
continuance of the prosperity. The building of the
San Pedro Los Angeles Salt Lake railroad viii be Of
great and Immediately apparent benefit to Salt Lake
for it viii give the long desired outlet to the coast
1t is than probable that the Oregon Short Line
viii also extend its line to a Los Angeles connection
and with parallel and competing the certainty
reasonable freight and passenger rates will be esab
lished.
The partial development of the Utah oil fields ha,
resulted in the establishment of many company mead
quarters here, each contributing proportion to Tho
general welfare. The Oh industry Is still in the
Smbryotic state but enough has been accomplished
Insure further work with excellent prospects for un
boAnded success. Much money is being invested II
the INDUSTRY and the experts believe Utah will attain
prominence as an oil producing state with Salt Lake
City asNa distributing center.
IDAHO, GEM OF THE MOUNTAINS