The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-11-06
SENATOR CLARK
GIVES HOPEFUL
VIEW OF FUTURE
Business interests Expect I'M
provement Without Vio-
lent Upturn.
TERRITORY DEVELOPING
ALONG SALT LAKE ROUTE
PERMANENT WEALTH OF Me-
VADA AMPS-oUTLoOK is
GOOD FOR SALT LAKE.

Former Senator W. A. Clark of Mon
tana. accompanied by Charles W.
Clark. his son. arrived in the city yes
terday in his private car after a trip
of inspection over the San Pedro, Los
Angeles & Salt Lake road ana it's
branches. He reported business i'm
proving on the road. with every indi-
cation of continued betterment. due TO
the development of NeVada's mines and
the increase in through traffic following
the gradual return to normal condi-
tons in mercantile and manufacturing
lines. CalifOrnia's fruit crop this year
is another promising feature of the
traffic outlook. and the situation gen.
orally as affecting the railroad is most
encouraging.
Asked what he thought about the re-
suit of the election, the senator smiled
a Democratic smile. and remarked that
he had been beaten often enough 10
take his medicine cheerfully when he
had to. Il was sorry to see the Demo-
Gratis lose he said. but the odds were
against US and too heavy 10 be over
come. I believe Mr.. Taft will be con-
sentative and give a good administra-
ton. / know him personally. and re-
gard him as an able man. Whether he
is controlled by Roosevelt or not will
have much to do with the good or evil
his administration may do. and in the
east ii is believed he win be much less
radical than his predecessor.
Business Interests Confident.
In any event" continued the sem
ator, "ile business interests OF the
country have confidence in the future
of the country, they have got over the
uncertainty that always prevails in the
excitement of "A presidential election.
and they will begin To branch out into
new undertakings with more confidence.
Merchandise stocks the country over
have been allowed to get below require
ments. and | look to see more activity
in the way of new orders to reDIenish
/ stocks. Altogether the outlook is
cheerful. though ] am not sanguine OF
any Immediate and violent upturn in
financial affairs such as some of the
politicians predicted would follow in
case of Taft's election. The stock mar
ket has been supported for a while BY
large financial interests. but they are
/ likely now TO let the market take its
natural course without any artificial
stimulus. Recovery to be permanent
will have to be slow
One thing that prevents any sudden
wave of prosperity is the inability and
unwillingness of the railroads to at
tempt extensions or improvements on
any large scale. They are still suffer-
ing from the epidemic of hostility TO
them which began at the head OF the
nation and spread through the state
legislatures until the railroads found
themselves up against legislation which
crippled them seriously. discredited
their securities so they could not get
new capital for important improve
ments, and compelled them TO curtaii
any new outlay until more favorable
conditions return They are able to
carry on their business all right. but
good many Of them have had 10 re-
sort TO extreme economy in order 10
meet reductions of revenue imposed bv
unreasonable legislation. Of course
this reacts on the people. and they suf-
Ter with the railroads, but meanwhile
there is no thought of new building"
shoshone Is Big Thing.
Turning to the development on the
SAT- Lake road. which he has Just
traversed, Senator Clark spoke enthu-
siastically of the way Nevada's camps
are proving their permanent wealth.
Speaking Of Goldfeld. he said his first
impression of the camp three years ago
was favorable. and subsequent visits
had convinced him he had been too con-
sentative in his early opinion. He Wis
tied the Consolidated mill and found It
was model in equipment and opera
ton, and he found the mining situation
in firSt-class shape.
At the Montgomery ShOshOne. in
BullfrOg district the mine is in first
class shape and producing about $50 900
a month in bullion and concentrates 1t
costs them only $40 a ton 10 mine and
mill the ore, aJid ! was reliably in
formed they have reserves enough 10
run the mill for TWO years without fur
Their development. 1t takes only five
men 10 keep the mill going, and my i'm
preston is that it Is first-class prop
erty and is being handled we'll
I'm Phoebe a good deal OF develop
ment is being done. a number Of small
hoists are going in and operations on
an extensive plan are contemplated BY
some Of the owners. Some ore is being
shipped regularly. and although most
of the output now is low grade. the
camp has all the elements Of perma-
Continued on Page 2.