Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-08-04
Samuel NeWhouse Talks Inter
estingIy Of Business Condi-
tons, Past and Future.
CONFIDENCE BEEN RESTORED
Outlook for Mining Industry Very sat
isfactory, Says Mncnate---Sky-
scrapers Ready January 1.

You will remember" said Samuel
I Newhouse today, that in an article
which appeared in the Deseret News OF
oct / last under the caption Breakers
Ahead l predicted that the business
Of the country would receive the shak
| ing up that we have lately experienced.
| Everything / said at that time has
| come true But conditions have since
been rapidly readjusting themselves
! ana ] am ready TO enter another pre-
diction that this country of ours is
| going to witness the greatest era of
| prosperity in it's history in the yeaI
| 1909. 1t will not make the slightest
| dieffrence whether Mr.. Bryan or Mr..
| raft is successful in the race for the
presidency, for no one man can retard
| the industrial progress Of the nation,
we are too great for that. But every
| time presidential election comes
around we hear people say that II this
| or that party is successful the country
| will go to the eternal bow-wows. But
it hasn't done so yet, has 1t? From the
time of Washington down to the pres
| ent the American nation has been
steadily growing stronger and greater
and that is just what 1t will continue to
| do in the future,
| NOT TALKING POLITICS.
u found out while in the seast that
| the business interests are not talking
| politics and as yet very little enthu-
| siasm has been worked up over the
| campaign now pending; but l presume
| things will begin to warm up about
| October
OUTLOOK FOR MINING.
In regard to mining. the outlook
| for the future is very satisfactory in
| deed and just to illustrate the conf
dence reposed in the mining industry |
was asked by strong monied inter
est recently to report on certain
locality-which | viii not name at pres
ent. The place is loo miles off the rail
road, but they stated that il | thought
favorably, they We're ready to supply
the funds 10 build the 100 miles of road.
That only goes TO show that money lis
getting easier and those possessed of
it are seeking Investments In other
words they have restored confidence.
But there are signs of business inn
provemeut everywhere and that means
the copper market will improve and
the price of copper Will surely go high
er. The last report of the United
| States Steel company shows profits of
| nearly $2,000,000 more than was antici-
| pated during the past fiscal year and
was told by an official high
up in t. $. Steel that its plants
are operating at u per cent
OF their capacity with trade steadily
getting better. Whenever we see an
improvement in the steel trade. bet
terment In the copper situation must
follow The railroads are going 10 be-
gin to electrfy their lines pretty soon,
and that will mean the mines must
produce the copper required for that
purpose
NOT IN OHIO COPPER.
Mr. NeWhousa returned home LASH
evening and declared. when seen short
ly before noon. that he had had no
time to discuss matters relative tC
either the Boston Consolidated OF Cac-
tus mines with General Manager Han
ichett, but as far as he knew condi-
tions at both mines are quite satlsfac-
tory. He denied the report of a morn
ing paper that he was interested in the
reorganization of the Ohio Copper. 81
have had nothing to do with it," he
declared. Asked about the steps being
taken To- improve Popperton place in
the northeastern part of the city Mr..
Newhcuse said Ware & TreganZa, the
architects, and their experts had just
finished a landscape survey and have
plotted the addition; that It would be
a matter OF only a short time until
actual improvements would begin.
sKYsCR.APERs READY JAN. !.
1tSleITlHB 10 the SkySCfapef
buildings on South Main street,
It was stated that plans are
being made to have the Newhouse
building ready for occupancy by Jan.
! with the Boston block following soon
afterward. These buildings" the
mining man went on. have cost me
q great deal more money than first
anticipated, but when finished there
VIII be nothing finer between Chicago
and San Francisco. The work on the
interior of these buildings is 10 10
carried out along the lines of costly ana
substantial designs OF architecture as
indicated by tho exterior of the struc-
lures. The interior finishings will be
In bronze marble ana mahogany and
these three items viii represent one
fourth the cost of construction"
Az TO the proposed new mining tx
change building. Mr.. Ncwhouse had
nothing 10 say, but he is 10 have n COLI
ference with President Pollock and
other officials Of the exchange on the
subject soon.
AS TO NEW HOTEL
What about new high class ho-
tel?" was asked Are the citizens OF
salt Lake willing 10 subscribe to one
fourth the cost II | supply the other
three -fourths?" That Is all MI. New
house had 10 say on that proposition.