Truth. [volume] (Salt Lake City, Utah) 1901-1908, 1906-12-22

city such an impetus towards adj
vancement as the purchase by Mr..
Samuel Newhouse of seven acres oil
land in the business center of the
city and the declared and fully sub
stantiated intention of Mr.. Newhouse
to Immediately commence the erection
of a number of mammoth office and
other buildings on the property he has
acquired. Mr.. Newhouse is one OF
those kind of men of whom there are
too few, one of those kind of men one
can tie to with the utmost confidence.
To adopt a slang expression, there is
no hot air" in his mode of operation.
When he announces that he will builu
town, buy railroad, erect a mann
moth building or anything else, he
does 1t. There are also a great many
other things he does without any pub
licity whatever, things which men OF
smaller calibre would take exceeding
great trouble to herald to the world
His name has been one to conjure with
for years and when he invests millions
in Salt Lake realty, it is a moral GER
tainty that the investment is a good
one for he knows whereof he speaks
before he speaks.
Mr.. Newhouse has been for many
years identified with the. great enter.
prises of the west. He knows the con.
ditions which prevail here and his
action of investing millions in Salt
Lake realty speaks louder than words.
It's sufficient guarantee that Salt
Lake will in very few years become
the big city between Chicago and San
Francisco.
Hitherto Mr.. Newhouse's activities
in Utah have been confined in a great
part to mining enterprises of which ne
has made a brilliant success. The
Cactus mine is one of the most noted
producers of copper in the world. 1t
was brought out by the genius of Mr..
Newhouse. Then there are Mr.. New.
houses Bingham enterprises which
are gilt-edged and his Salt Lake City
investments referred to above and his
very extensive interests in Idaho, Colo
RADIO, Montana and Wyoming Sam
Newhouse, as he is Familiarity called,
is an empire builder in the same class
as Cecil Rhoades of South Africa.
~ ~
Most important developments have
been made in the property of the
Newhouse Mines & Shelters corpora
ton, owner of the Cactus.
The Newhouse company is the larg
est operating concern in Beaver coun-
ty. The mine is equipped splen-
didly to handle large tonnage econom-
ically. The mill is one of the finest
eyed built and has treated an average
of 800 tons of ore per day during the
year. Mr.. Newhouse recently made
the announcement that the capacity
of the plant is to be doubled and an
ticipates that the second unit will be
ready for operation within the next
or five months, barring any unfor-
seen delays. The construction of 40
cottages to make accommodations for
the additional men that will be needed
and their families, is already in pro-
gress These contemplated improve
ments are direct result of the recent
mine developments, which caused
sensational rise in the value of the
stock and out of which several Salt
Lake people, who purchased it before
the rise, made fortunes.
The stock sold around 81 a share a
few months ago, but now it is in de-
mand around 500 and is certain to go
| higher. How much, no one knows,
and the mine is in condition to main
| tain high standard of value for many
years to come