The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-05-31
BANK CLEARINGS
CLIMBING AGAIN
Record for Week Exceeds That
of Corresponding Period
OF Last Year.
GENUINE BUILDING BOOM
PROJECTS INDICATE CoNFI-
0ENcE IN ciTY'S FUTURE.

Perhaps the surest indication that
things are moving in Salt Lake bust
ness circles was given in the bank
clearings of the past week. when the
figures shot ahead of the record for the
corresponding period Of last year.
Plenty of money is available foT
those who plan building improvements
In fact, investors everywhere seem at
tracted by the possibilities OF Salt
Lake. They are convinced that the city
viii IN the future develop rapidly and
that the population. not only of Salt
Lake, but the intermountain regions,
viii steadily increase salt Lake, being
the center of this great region into
which far-seeing fnanciers are now
pouring their surplus money, must, in
the opinion of many. double its pOpula-
ton within a few years.
The rapidity with which building i'm
prOVements are being made indicates
that this expectation is well founded.
New structures are shooting up every
where. and in some of them arrange
ments are being made for the demands
for space which the future will bring.
This spirit has been shown by the man
ayers of the railroads entering salt
Lake, as well as business men. Both
the oregon Short Line and the Denver
& Rio Grande railroads are planning
their new passenger stations 10 meet
future demands, as well as the needs
of the present. Like everyone else, the
railroads are expecting Salt Lake TO
grow, and 10 grow rapidly from now on
Looking to the Future.
man who has charge Of the con-
structi0n of one of the new railroad
fol Of
ture last week.
This is going TO be a big building,
because we want To be prepared for the
future. In drawing the plan, the archi-
tect was not given information con-
corning present travel in and out of
Salt Lake. He was told that while the
passenger trafhc is heavy ii will in
crease from year 10 year, and that if
this was not taken into consideration
the railroads, before very long, would
have to tear down their depots TO make
way for buildings suitable for cOndi-
tons that are soon To come"
In Salt Lake the eagerness TO own
real estate marks the general faith here
In the city's future. Nearly every man
who is able 10 buy himself a home is
investing his money in property, believ-
ing that il is a wise investment This
accounts for many of the recent sales
of unimprOVed lots and small dwell
ings. Outsiders are also anxious 10
own Salt Lake real estate. Many of
these are making their purchases in
the suburban districts, in the belief
that the growth of the city will advance
the value of property in all directions.
The rapid building up of several sec
tons. notably i'm the northeastern edge
Of the city, has contributed TO this
eagerness to buy.
Inspect Western Pacific.
Salt Lake was visited during the
week by several of the important stock
holders of the Western Pacific railroad
They were accompanied by W. 5. Mar
tin, assistant general manager of the
Denver & Rio Grande railroad who
expressed the opinion that regular
trains would be running upon the
Western Pacific line within a year
The stockholders who came with Mr.
Martin made the journey 10 study the
progress that is being made in the work
Of construction, and departed with eX-
pressiOns of satisfaction at what they
had seen. one of these men was Edgar