The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-05
Freeman MOrningstar Gives
Reasons Why Matter She's
Be Pushed.
REAL ESTATE EXCHANGE
BEHIND THE MOVEMENT
Utah Only State, Except Okla
hOma, Not Provided With
Such Structure.

That Utah should have capitol
building is generally conceded. It is
tES only state in the union, with the
exception Of Oklahoma. which cannot
boast of state capitol building, and
that state is already considering plans
for magnificent structure. The real
estate exchange has taken up the mat
ter, and its members propose to push
it TO the limit. Their endeavors will
meet with the hearty approval Of the
people and the cooperation OF all
classes.
Some time ago grounds were secured
as site for the capitol and plans were
prepared for the building, but with this
the interest seemed TO wane and finally
died out completely. Now that the ex-
change has taken it up again, it is Ger
tain that the matter will be brought
to the attention OF the next legislature,
and something worth while viii be
done. Freeman Morningstar, a member
of. the exchange, and of the committee
which has the matter Of building
state capitol in charge, interviewed by
The Tribune last evening, said:
Should Be Pushed
Il brought up for discussion about
eight months ago the matter of state
capitol building at one of our weekly
luncheons. After discussing the matter
at another meeting a little later COM
mittee Of three was appointed TO in.
about plans whereby state capitol
could be built so that the -eople in this
generation could be making use of ls
and at the same time not be taxed to
pay for more than a small portion OF
the same for at least ten years.
IT ---1J
and Messrs. S. b. Tuttle and George NJ.
Cannon. The committee has held nc
formal meetings, but has informally dis
cussed the mater from time to time with
tho view of taking the matter up IN the
association formally as soon as condl-
tions seemed TO warrant, AT the meet
ing of the exchange held Wednesday.
Chairman Peterson asked the pleasure
of the association as TO asking the con-
mittee on capitol building 70 report,
and after some discussion it was gen
orally conceded a most opportune timc
in which 10 begin an active campaign
and the committee agreed 10 meet and
draft q formal report.
Discussed at Exchange.
In talking on the matter at the ex
change today, as one of the committee
and TO draw out a full discussion Of the
matter at the next meeting. | suggested
that probably the best way 10 insure
reasonably early action by the next
Legislature in this matter would be 10
inaugurate sort of campaign OF edu
cation beginning Immediately and cons
tinuing it right on through until Tho
legislature was well down TO work, that
the legislature should have the fullest
possible support and backing OF all the
best citizens OF the state and especially
the business interests of Salt Lake
City.
''The real estate exchange being the
people who first took the matter VI
should DC especially active in this d.
rectiou, and its general support 10 the
Legislators when the matter IS under
discussion by that body. In order 10
accomplish the desired result in the next
legislature. il should be figured out how
bonds for sum not less than Sl,l50,-
000 and possibly as much as $4,000.
900, should be raised by the state the
issue 10 he for Il long term-the long
term for two reasons: first, to be ablG
TO secure the very lowest rate OF inter
est, and. second, so that the next two
generations would have their part IN
the paying of these bonds, when the
state has much more taxable property
and payable earlier than ten years from
this date. and the last, hfty years from
date. Thus, the bonds would likely be
marketable NJ 4 rate not exceeding ;
per cent interest. and in al probability
bonds bearing per cent on such long
periods could he placed at a premium.
Prosperity Ahead.
''The general feeling among the real
estate men is that Utah faces four year:
of unparalleled prosperity and there.
fore most opportune time is presented
~ which 10 actually build state can
itol worthy of this rich and fast grow
ing commonwealth.
Il believe we should not only aim
to have capitol building as good os
any state west of the Rocky mountains,
but better than any other, because we
are building our capitol from ten tG
twenty five years later than any other
of the states on the western slope.
The rather poor and sparsely Dor
ulated state OF Wyoming. with wealth
and population even 81 this date, not
greater than half that of Utah,
built its capitol costing more than 81.
600 600 years ago. Colorado s capitol
of granite, costing. nearly 81
100000. was erected nearly fifteen years
ago, while oklahoma. scarcely entered
upon statehood, is already planning
structure.
"Utab. with her mountains OF the
best granite and considering her present
population, should do better than any
OF these in this day OF better things
Duro N I,ImeliQhf