The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-06-14
1.-THE greatest things about Salt Lake
are the wonderful possibilities

~
| 1.-THE greatest things about salt Lake
are the wonderful possibilities
that lie stretched out before
| her"
This statement from one of the
| prominent visitors from Los Angeles
! gives in a nutshell the combined opinion
/ of the entire California delegation.
| Without exception the visitors are en-
/ thusiastic in their praise of the city,
| of its location, of it's plan. of its beauty.
| of its wide streets. of its wealth. of its
| prospects for rapid growth. of its fine
! schools. of the numerous Improvements
| going forward. of its future IS a center
| of commerce because of the incoming
| railroads. of its advantages as a pleas
| ure and health resort. and IF tie great
| irrigation work in the hands of the gen.
| eraI government.
| The visitors. rested from their long
| trip, were in a better frame Of mind
| yesterday to consider the advantages
| of the city. While the large majority
| made the pilgrimage to the mines of
! Bingham and the smelters of the val
/ ley. others remained behind and prose-
| cuted a vigorous inspection of The city
! on their own account Many Of these
| were prospective investors in real
| estate For business reasons they
| would not express their opinions for
publication. They had no desire to
bull the real estate market before max
ing their purchases. but to confidential
! friends they unbOsomed themselves to
| the extent of predicting for Salt Lake
| primacy among the cities of the Rocky
mountain region
Well Pleased With Salt Lake.
| These men with the experience gained
| in the struggle of building Los Angeles
| till that city is considered the rival of
/ the best on the coast, inquired
| mmutely into the water supply Of Salt
| Lake. the sewer system. the condition
of the streets and the prospects for
/ Improvement. the output of the Smelt-
/ ers, the condition of the local banks.
| the record of mine dividends, the health
| statistics, the prospects for additional
| railroads, the output of the surround
/ ing farms, orchards and ranches-Iu
| fact they made a study Of every ma
| terial factor that plays part in the
! development Of any community.
| The best evidence that the inVesti-
| gators are satisfied with what they
| found is to be seen in the fact that
many of them have already invested in
| city real estate, many others are pre-
! pairing to do so, and number of 9TH
| ers-reaI estate men-are planning tP
open real estate Offices i'm this city
| These latter are 50 Thoroughly coll
| WINGED that Salt Lake * destined To he
| a great city that after one days in
their lot with the community Some of
| them will retain their present offices IN
Los Angeles and open branch Offices
here. Others viii make Salt Lake their
main headquarters These men are not
vet ready to make public their plans.
but the indications are that they viii
play a prominent part in pushing TINS
| CITY TO the front. They viii inject into
local conditions some of the skill.
determination and enthusiasm that
for a hnrrH nd
Plan to Form Syndicate.
On the train going out to Bingham
yesterday morning there was an 1ntor-
NAL meeting of real estate men and
/ others, among them bankers business
men and capitalists, at which 1t was
proposed to organize syndicate of
Los Angeles men to handle Salt Lake
| property. The moving spirit in this
! scheme is Kenneth G. Wells, president
| of the RedIands board of trade The
| idea suggested was TO incorporate a
company with a capital stock of 100000
in shares of S1G0 each, limiting holders
to ten shares each and requiring a cash
payment of 20 per cent when the stock
/ was taken It was also proposed TO
make J. Ross Clark president OF the
corporation.
Mr.. wells said last night that moth
ing definite had been done in the mat
ter, but he was convinced that the en-
| terpriSe could be made a great success
| providing the right men could be in
| duced to take hold Of it. The proposition
had been laid before J. Ross Clark. he
said. and Mr.. Clark had refused the
! presidency because Of the many other
demands upon his time. Mr.. Wells said
it had been planned to hold meeting
today to take definite action in the mat
ter, but that this plan had to be aban-
dOned because of the many demands
IL. --s4rH
matter will be informally discussed at
Saltair today.
Bank Clearings Still Heavy.
| Local bank cIearings held up well
again yesterday. The figures were
$966. 1886, compared with S452,22s-Sl Tor
the corresponding day of last year The
fact that the bank clearings last year
were the greatest I'm the history of the
city and that now they are practical
" twice what they were for the same
! time in 1904, carries with it peculiar
significance to business men and in
| vestors.
]. c. Lynch closed a deal yesterday
by which the salt Lake Ice company
| -ansferred to the Oregon Short Line
| Railway company piece OF ground
| near the intersection Of Third west
and Ninth South streets for $4,000 The
ground viii be used BIZ the railroad
company for traCkage purposes
w J. DooIy secured a residence lot on
| West Third South street yesterday De
tween Second and Third West, fronting
on Pioneer park. The lot has 'front.'
age of thirty-three feet and depth of
165. It was purchased from A. R.
/ Derge for $105 a front foot.
r. A. Rowan closed his deal yester-
DAY for the piece of ground Just north
of the KnutsfOTd. recently purchased
through Kelsey & Gillespie. The lot
has a frontage of fifty-two feet and
depth of 165. The price paid was S25.-
500. Mr.. Rowan has now paid cash for
all the property recently bought on
state and Second South streets