The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-16
NEWHOUSE JOINS
REALTY BOARD
Tells President CoIb0rn His In
veStmentS Were Not En-
tirely Sentimental.
WANTS TO COOPERATE
CITY HAS RECEIVED IMPORTANT
ADVERTISING IN EAST.

Samuel Newhouse, Salt Lakes real es-
tate plunger and mining millionaire, has
become a member of the Real Estate Ex-
change of the city.
Ever since Mr. Newhouse took his mil
lion and a half dollar flier the realty
board has been casting about for means
of expressing their appreciation of the
big deal. This appreciation has finally
taken the form of a letter from the board
to Mr.. Newhouse, as follows;
MIR. Newhouse:
1.-The Salt Lake Real Estate association
gratefully expresses its appreciation OF
what you are doing for greater and
mere beautiful Salt Lake.
Heretofore, many of the fortunes taken
from Utah mines have been taken for in
vestment without the state. Their fortu-
nate finders seem TO have had no thought
of gratitude to Utah, and no desire to ad-
vance the state where their successes
were achieved ~
You are not Of these. You have given
back to Utah some part of what she has
given you. You have invested In Utah in
dustrial enterprises, and now in a splen-
die way you are helping to build up and
acorn her capital city.
These evidences of your good will and
gratitude to Utah, entitle you to the COM
mendatlon of all ner loyal citizens.
Whatever hOnOTs and profits usually
follow in the wake of public spirit such as
yours this ASSOCIATION DeSpeakS IOF you
1T will be greatly honored if you will
take a place upon the membership list of
the association, and Will permit the as
sociation to be your friend and champion
ir every movement you undertake to adj
vance the city and state.
with expression of high esteem,
1.-THE Salt Lake Real Estate Association,
by EDWARD F. COLBORN,
President"
Glad to Join.
Mr.. Newhouse at once consented to be-
come a member of the exchange and the
following letter was received yesterday by
President Colburn from him:
Edward F. Colborn. Esq, President Salt
Lake Real Estate Exchange: City:
Dear Judge:-The expressions of ap-
prevail by the Salt Lake Real Estate Elk
change of my efforts to advance the
growth of this city are very gratifying. L
feel, however, that ] owe a duty to this
CITY and state in applying the profits de-
rived from its mines in the upbuilding OF
its capital city and in development of the
great natural resources of the state. Aside
from this sentimental consideration,
thoroughly believe in Salt Lake real estate
and improvements as an investment.
81 accept with pleasure the opportunity
to become member of your exchange
and will earnestly cooperate with you in
your efforts to make this the greatest city
in the intermountain region.
Sincerely yours, >-,,,,or-e,,,,
(Signed) SAMUEL NEWHOUSE.'
President COlDOTn personally Is extreme
fy enthusiastic over the advertising SAT-
Lake has received in the east through the
Newhouse purchase. II cannot put too
strongly the manner in which this city
has come to the front in the opinion of
eastern capitalists in the past few weeks, y
declared Mr. ColboTn yesterday, having
just returned from New York City There
is positively no doubt but that eastern
money will come to Salt Lake for invest
ment in the immediate future in a man
ner we have scarcely hoped for. Not only
Salt Lake, but the state has benefited by
the real estate transactions here during
the past two weeks. Utah and Nevada
mining stocks are two big factors on the
New York exchange today and they are
going to be even more important before
the coming year IS out"