The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-04-03
CHEER UP.

CHEER UP.
w HILE WE are having our fights
W and making remarks about one
another and fearing for the other fell
lows immortal soul, outsiders seem to
think Utah is a pretty good place to
invest in, and mining stocks keep right
on waking up, and tourists insist on
stopping 70 spend their money here.
Within a few days, some energetic
gentlemen by the name Of Penrose have
concluded to lay out so much money
that good many Utah people would
refuse to believe the amount if it were
given cOnservativeIy. These rank out
siders have so far deluded themselves
at to believe a great fortune can be
made in Bingham copper property by
the expenditure of an immense sum be
fore they begin TO get returns. In this
delusion they have been confirmed by
the judgment of another outsider by
the name of lacking who threatens to
stay here a long while just because he
is a good judge of mining property and
is ready to back his judgment and ask
his friends to back it.
Heretofore, all of these gentlemen
have managed to show their faith by
their works, and there is every indica-
ton that they mean business and lots
of it. Men of their stamp don't under
take such enterprises unless they see
something in it for their time. their
money and their ability And their
action is pretty fair evidence that
Utah is about the best state in the
mountain region for big mining oppor-
tunities. Moreover, where big mines
are developed and mills built and men
employed there is bound to be an Op-
pOrtunity for commercial enterprises to
thrive alongside them. This particular
concern, for instance, viii spend money
for labor, for supplies, for machinery,
for all sorts of mechanical work and
this city is bound to derive consider
able benefit from it, not only while con-
structiOn work is going on, but for so
long as the mines are operated.
Take another feature of the local
! situation. Just when everybody began
to get the notion that Utah was going
to the demnit1On bow-wows. mining
stocks on the local exchange began to
sit up and take notice. Speculative
stocks are a good barometer of finan-
cial weather When there is a demand
for them, somebody is feeling a little
flush and money is not tight enough to
hurt. That is exactly the condition of
the stock market in Salt Lake After
a long period of depression there are
signs of revival, stocks Of the better
sort have moved up a peg, transac-
lions have increased in volume and
holders are feeling right cheerful.
StiU another thing: one of the best
known merchants on Main street re-
marked Saturday that he had been
kicking and complaining about March
business and making his employees I'M
happy until he closed his books on the
night Of the 31st. Then to his surprise,
he found he had sold more goods in
March by a good deal than he did dur
ing March of last year. He added.
with some almost profane emphasis
that he had let his feelings run away
with his common sense. and he
wouldn't do it again soon.
If YOU have to get wrathful and vent
your emotions on the things that have
stirred all Utah for two years past,
do it good and hard; then stop a while
to root" for Utah. Tell yourself and
other people the truth about it, that
there is no better place in the country
for the mining investment man, that
business is here for any good man who
can rustic against hard competition,
that this is the center of an immensely
rich territory and that it is going to be
the biggest and best city in the whole
iutermOuntain region. Get out and
look at the mountains awhile. at their
beauty, at the canyons that furnish
the finest natural water supply any
city could wish; then turn your eyes
down the valley and see the smoke, the
smeItcr smoke that SO many object to-
and that brings so much OF material
wealth and comfort and profit to the
city and state.
Cheer up and remember that we have
about 800 days of sunshine here in
every year. and that those sunshiny
days will soon be a regular feature Of
the weather programme. Cheer up.
Do it now. Get the habit.