Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-07
..oc, Basis viii Not be
''' us,obed Until Wall Street
Gives the Word.
AVIATION MUCH RELIEVED
value of stringency In
la' should Evolve New
FINANCIAL system "

.,.aI situation for the
~ .rps. 90 improve IN some
taA .,inine quiet IN others. ia
.l'' m. situation remains'ln statu
1N. -, whole country is waiting on
York As soon as they are "oie
NV .. currency payments. and rec
% isl' .,. demands OF the situation,
i1oo reason why there should
Lsr N -.fi4fe relief and "A return
~ bt ,g5IfI1us. with Si00.0Oo.OOo
3 n'II..'.. ~. f,nrapc-most OF which has
egat, .,l as d0U 900 additional 20 the
aH' hark currency. strengthened
riio''' III Of $50 600. 600 OF Panama
By ma sa- 0J0 600 OF per cent ceru-
hlnla addition TO the incrast or
ielll.. hsrt currency which was be-
lll',,--. n. 'taken out. and with large
ias ~. ~ tbe miuts which for october
ol,l-'. aver sg- 900 O00-all this ought TO
As' "--..3v relief But then, there Is
DuDs 5i5 cI1u. ou the horizon, the
UT 5-g m money % the part OF de-
l0al- ,rifh3rlviue money from tho
.-4 puft.rr 10 away ir safe de-
.a ~, ,srifs There ought 90 be some
I.g d, pr.yent this.
F4 "5r,,fiou1l value OF the recent
. .lghf to Dee great il VIII call
,-' '.,t.rfion OF people TO the fact that
- -'--sr.y of the country Is q hodge
enB mo- doubt there viii be
-',.s s5mething which Will In
'.',,rs rountaract these conditions.
w. t,r5ly likely that the best possible
l.h'3 Qiu De adopted, for that VIII
rsvsr be possible The most 20 De hopeu
-. +. f5r an intelligent compromise on
an pu0osiu0ns put forth 20 improve
,-,,ofary conditions These three prop
rftons are suggested by hnunciers, as
rort prominent than any Others, VIZ,
tba establishment ot central hsnk
having the sole power OF note issue.
.Tb.. ran. however IS hardly possible
u, 'raount OF the temperament
lad he American people. To Is
co,os.s 10 their sense which Is against
.syrthrg suggestive Of a monopoly.
Another plan is TO permit banks to rs
us emergency currency secured by
bonds The currency could be taxed
hgb enough to insure It's retirement
al soon as the necessity for Its use
rassed away. The third plan is to is
.ue emergency currency based on the
LIQUID assets Of a bank. also 20 be taxed
lad a figure high enough TO drlve tout
of circulation. As one prominent local
frarc.er views d. the objective fea-
nre of either of these two latter plans
would be that II taxed high enough
10 drive back into retirement the tax
would be so high that the banks, es-
especially western banks. would not is
ue ~ al au, unless conditions were
VERY different and q Is also probable
that the strongest banks an over the
county might feel strong enough. even
A. 3 storm, not 20 issue at all The
Question Is beset with difficulties, re-
IQlrng the very best talent In the
eo1Iy TO evolve some plan Of relief.
AZ o Is to be hoped that the people
/ vl eve their hearty support to any
|r0l plan when 81 is offered.
REALITY INACTIVE.
The realty business Is about what
ghi be expected at this time OF year.
pauuyey inactive. Dealers say
t there was a certainty In the pubhD
ma as 10 financial conditions IN the
Ung there would be preparations ma
l. Cor a building movement In the
Eng that would astonish people and
aak al RECORDS. As 1t Is. there Is
| mch building Of moderate sized homes
D. tbs time OF year, favored by the
9el weather. and as long as winter
|plurues 90 allegiance, this construc-
ion W.u continue. The only trasfere
be week of special note are the COM
fe.on Of the payment by the Crane
|AaalaCluring company OF $4,000 for
L. lNl0 rods corner at Second
Ngth and Second West, the old First
hptsi church property, ana the pur-
alse by W h. Bancroft. general
iaaager 0f the short Line. Of addition
L ipHuge on west South Temple be-
Vsen Second and Third West streets,
II $4,000. The Crane people are
opposing 20 erect $500, 600 warehouse
NJ Office building. while Mr. Bancroft
adding 20 the already large holdings
has 10 the vicinity of the coming
feai Hartman passenger station.
WIN The quietness Of the winter
lonh local property owners may
include 90 be more reasonable IN val
uol OF their properties Then there
l De more transfers. and trade VIII
couespondingly satisfactory. But n
allrs are asked 20 aud 20 per cent
'oo'e what the market conditions