The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-12-03
GREATER SALT LAKE
WAS HIS THEME
Matters Outlined by Serene B.
Tuttle Necessary to Ac-
complish This.
EFFECT NEWH0USE DEAL
WILL HAVE In ZION
Interesting Talk Had With
Real Estate Man Who Ne
gOtiated Sale.

"There are a number Of things
necessary TO be done TO make Of this
city q greater Salt Lake said Serene
B. Tuitle TO The Tribune Sunday.
Mr.. Tuttle is member of Iuttle
Bros, through whose real estate house
the million dollar Newhouse real estate
deal last week was consummated.
''What, in your Judgment, Will be
the effect of the Newhouse purchases
upon the future of Salt Lake?' was
asked S. b. Tuttle.
''The recent large investment made
by Mr.. Ncwhouse of real estate, and
the improvements already projected,
with other of equal proportions which
will follow. and which are now in
contemplation, means an up.to-date,
modern, well-built city for Greater
Salt Lake. Its effect will be the ex-
of property all over the city, equal
to that created by the incoming rail
roads and more immediate, for the
reason that the real beneficial effects OF
the railroads coming this way will not
be felt for some time TO come, whereas
the Newhouse ENTERPRISE goes into
effect at once, and serves as an i'm
petus for others to engage earnestly
IN the work Of building up Salt
Lake substantially and along modern,
scientific lines, with view TO lasting
stability and beauty of architectural
construction, coupled with all modern
conveniences: More, 1T emphasizes the
confidence which Mr.. Newhouse has in
Salt Lake S future, in the stability and
enterprise of the city's business men.
Mr.. Newhouse knows that the natural
resources of Utah and surrounding
States in this intermountain country
are ample TO Justify the expenditure of
millions in building up the city. The
city today is away below the business
pnt nt Tho pnnptrU irIbnf
to IT, and it is up TO the business men
and property owners TO say whether or
not Salt Lake shall be made a city, a
business center commensurate with the
growing business demands which will
continue TO be made upon it,
VIII Stimulate Others,
"This great initiative movement of
Mr.. Newhouse will und oubtedly have
the effect TO stimulate other men of
capital and property TO action. 1t
ought TO have the effect Of starting
an active season OF building construc-
tion, such as Salt Lake has never ex-
perienced, not even in the palmiest of
her so-called "boom' days To do
this effectively, and in order TO ac-
complish the results desired, property
owners must be reasonable in their
prices, and they should remember that
the fellow that tries to get it all, as a
rule falls down in the end, and should
fall down. The recent purchases made
by Mr.. Newhouse, by reason OF the
millions of dollars worth of improve
ments which he viii make, will ma
tterially enhance tho yalne OK surround,
ing property, but unless that sort OF
property is utilized by substantial i'm
provements, what better is it to the
owner than before tho magnificent i'm
provements projected by Mr.. Newhouse
were thought OFF, The wise thing to do
for party owning valuable real estate
in a desirable business district of the
city, II unable to improve it himself,
would be for him to sell a part of it,
if he doesn t want TO sell it all, to a
party who will improve it. By so do
ing he makes it possible for the city
TO build up, and by doing so enhances
the value of the property which he re-
tains. Property owners who want 1T
all usually make a grievous mistake.
They would better be satisfied with
good thing by disposing of their prop
erty at a reasonable price, and let the
other fellow have q chance to make
something out of his investment. This
is the opportune time for property own
e!rss and capitalists TO join in and
This they can do by joint effort Of
the whole thing by holding property at
inhibitive prices, and a season Of
mastery inactivity such as has charac-
terized many of this class in the past.
cit seems you give Mr.. Newhouse
great deal of credit for entering into
this investment, when you know, as
all know, that tho property acquired
by him will be about twice what he
paid for il in less than three months
From now?'
What Gives It Value.
~ believe you are right. 1 think the
property purchased by Mr.. Newhouse
will double in value within the time
you state. But what will give 1t this
value7 Mr.. Newhousc 8 money. The
scheme entered into by Mr. Newhouse
has been open to the moneycd men Of
Salt Lake, many of whom are able to
handle such gigantic undertaking, and
far more, II necessary. But have they
done ft9 Who among them have had the
courage to take the initiative in a move
of this kind? Not one OF the many mil
lionaire capitalists of Salt Lake, that
we know of. 1t is for this reason and
TO that extent, at least, that Mr.. New
house is entitled to all the praise and
encouragement that can be extended to
HIM by the citizens Of city which is
the beneficiary Of this, his prodigious
business venture. The buildings and
improvements projected by him. men
ton Of which was made in The Tribune
Of Saturday morning, and those that
are to follow, syndicates for the erec-
ton of which are being formed, and
other great business blocks to be erect.
ed by other wealthy property owners in
Ihe Immediate. vicinity, win make. the
Newhouse business district n credit TO
any city in the county,
Phipps Investment.
"What is Phipps going to do for Salt
Lake? / understand that Mr. Phipps.
the younger, was in Salt Lake the other
day."
'tYoung Mr.. Phipps stopped over
with us half day, about q week ago,
on his way through to San Francisco.
There has nothing definite been settled
rs to the amount or character Of the
improvements he will make on his Salt
Lake property. The Manitou hotel will
undoubtedly be improved in the near
future, but to what extent or in what
way mas not yet been discussed or made
known. All I can say about that is
we secured space in tho rear Of the