Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-01-08
Bishop Geo. Romney Gets a VAL
liable Bargain From Or.
Richards.
MEETING TODAY AT z. C. M. /.
Property Owners Getting in Line
For Great Changes Expected
With Completion of Depot.
Directors of Utah National Bank Meet
And Decide to Increase Capital
To 100000.

Some days ago the News" recorded
the fact that there was decided awal>-
ening among property owners at the
upper end OF Main street Recent events
show that the awakening is am actual
fact. and that the movement now be-
gun will spread to other property own
ers until the district north Of First
South will witness improvements Of as
decided character as those promised
for the lower end of the street.
Mr. w II. Mcintyre has concluded
his purchase of the property north of
me Mccormick bank, and he and l.. 5.
HIS VINO now own 100 feet frontage OH
Main, Jointly have already begun 10
take steps looking TO fine structure
the purchases Of the cannons on South
Temple east Of the O, 5. L. depot, have
already been recorded by the News"
Yesterday another big deal was made
which shows the drift of business SEN
tment.
SEVERAL REALTY DEALS.
The Joseph S, Richards property at
South Temple and West Temple streets
99XlO0 IT., passed into the hands OF
Bishop George Romney for a consid-
GRAFTON of $4,000 and Mr.. Romney pro
poses to erect there desirable busi-
ness structure.
Mrs Rebecca Carter is reported to
have sold her 65x135 It. lot, corner Of
Second South and Second West streets.
FOR $4,000. to an unknown purchaser
Ashton & Jenkins have purchased the
Willard 7, Cannon residence property.
66xss it.. at First ana d streets as an
investment, for $4,000.
There is also decided movement on
| richards street where Dr. Siauffer N
building and where Gov. John c. Cutler.
and w. B, Richards viii soon make
improvements.
PROPERTY OWNERS MEET
This morning at $3.50. there was a
meeting of those Interested I'm real es
tate north Of First South. The meet
ing was held at z. c. NJ. l. and was
presided over by Gov. Cutler. Among
those present were w s. Mccormick
l. $ Hills, representing their own
properiY c. S. Burton of the State
Bank o. G. Beebe of Zion's Savings
Bank & Trust company; Col T. G.
Weber, representing Y. c. NJ. L..
Messrs. Joseph j. and Hugh J. Cannon.
representing the George c. Cannon as
ISOLATION, and II. G.. Whitney. repre-
senting the News and the Home Fire
Insurance company. Several other
property owners Interested were unable
To be present. a general discussion en-
sued on the adrisability of taking steps
to Improve property IN the upper dis
trlct and especially to be in readiness
for the great development that viii
follow the completion of the Oregon
Short Line depot on South Temple
street. Quite a number Of earnest
Views were exchanged and a general
line of action was marked out. though
II was stated after the meeting there
was nothing as yet ready for publica-
ton.
p. c. KIttle has bought from sacra-
mento parties for SI00 900 330x330 feet on
Eighth South street, between Main and
State streets The purchase is merely
for investment. Realty men report in
qulries relative TO Capitol hill proper
ties on strength OF belief that the
street railway system viii he extended
IN that direction.
UTAH NATIONAL BANK MEETING.
Important action was taken by the
stockholders Of the Utah National
bank AT a meeting held this morning.
The action has nothing To do with real
estate developments. but 1t illustrates
the business strides being made by the
institution since the control was OBJ
tanned by Mccormick g. Co. The capt.
tai OF the bank was 100000. At TO-.
days meeting It WIS decided 10 sell
100000 additional STOCK TO the pres
ont stockholders AZ $3.50 per share,
which doubles the capital and ADDS
the sum OF $4,000 TO the surplus.
This action will enable the bank to
operate much more heavily than be-
fore as under the government regula.
lions. National banks can only loan
n certain percentage OF their capital.
No changes wore made IN the banks
board OF officers and the stockhold-
ers' meeting adjourned for 80 days.
ANOTHER REALTY DEAL.
A realty deal was reported this
morning, OF GO feet on Second South and
ll5 feet on Second West (the southeast
ertson. al $3.50 per front foot