The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-04-07
CITIZENS MEET
PAUL MORTON
At LUNCHEON
Resources of Region Discussed
at Pleasant Gathering With
NeWhOuSe as Host.
MORTON EMPHASIZES.
VALUE OF TEAM WORK
EQUITABLE WILL INVEST IN
COMMUNITIES THAT GIVE
1T BUSINESS.

Samuel Newhouse entertained Paul
Morton, president Of the Equitable Life
Assurance society, at an elaborate
luncheon in the Alta club yesterday.
The guests invited to meet Mr. Nor
ton We're:
Governor Cutler, MAJOR Bransford,
w. S. Mccormick, Charles S. Burton.
NJ. II. Walker, W. ]. HaIloran, Thomas
keaInS, c. c. Goodwin, Lafayette Han
chett, G. c. Parsons, H G. Whitney,
T. G. Weber, W. Montague Ferry,
William Igleheart. John Dern, A. J.
Davis, George Y. Wallace, David
Keith, J. r. Walker Leroy Armstrong.
A. L. Thomas, Charles Quigley, II. l..
Rosenfeld, H, z. Booth, William Spry.
T. R. Cutleri B. y. Smith. L. E. Hills
and Charles w. Whitney
At the conclusion of the luncheon,
Mr.. Newhouse rose and said that since
he had met Mr.. Morton in New York
and learned of his proposed trip
through the west, he had been wonder
ing as to just what his purpOa3 was
Some had suggested that the former
cabinet member was looking over the
political situation, so he could tell
what chance there was for a ceTtain
presidential candidate to get the Re
publican nominations; others had
| thought he was looking up the life
insurance prospects. When Mr.. Nor
ton arrived he was glad to learn that
his visit was with a view to knowl-
! edge of investment conditions, because
the company, under its new manage
ment. proposed to invest its funds in
1 the territory where il gets its bust
ness, and i'm proportion to the amount
/ of business it gets. He was more than
/ gratified to hear Mr.. Morton say that
/ he regarded good irrigation bond as
good an investment as first-cIass rail-
road securities. Mr.. NeWhOuse said il
gave him great pleasure to have Mr.
4 Morton see and learn for himself the
/ splendid opportunities that Salt Lake
and Utah offer; their substantial
wealth; their certain future greatness.
Field for investment.
/ Then Mr.. Newhouse called on Gov
! ernOr Cutler, who welcomed Mr. Nor
ton TO Utah and told him briefly of
the states prosperity. laying particu-
lar stress on the fact that its people
are prosperous careful of their finan-
cial obligations and loath to incumber
/ their holdings with mortgages. In his
opinion it was a magnificent field for
investment, particularly because of the
! demand for capital with which to de-
velop profitable new fields of en-
deavor.
Mayor Bransford spoke for salt
! Lake, and in a twO-minute talk told
of the wonderful growth of the city,
its large extensive public improve
ments and its natural command of an
immense commercial, mining and agri-
cultural territory.
Judge c. c. Goodwin was called on
next, and said he was glad to know
Mr.. Morton was investigating irriga-
ton and had such faith in irrigation
Investments. Quite a while ago,
said the judge. the people of Nevada
were so good TO me / thought l ought
to show my appreciation of it in some
way. So I bought a sagebrush ranch
and brought water seven miles from
the Truckee river to irrigate it with.
raised a crop of wire-wOrms and
another crop Of lOcusts. After the Sec
ond crop ] lost interest in irrigation.
II mention this. not by way of dis
cOuraging investment in water. because
irrigation is understood better now,
but only 20 illustrate my experience. -
Continuing. the judge said he was
glad to meet Mr.. Morton. because he
had known his father, the secretary
of agriculture, and always thought of
him as one Of the men described by the
biblical phrase. the pure in heart"
Big Volume of Trade.
Then followed half a dozen or more
speeches, all brief, all welcoming tho
guest of honor, and all paying tribute
{ to the public spirit of the host. G. A
t Quigley spoke of the agricultural
wealth of the region dominated by
Salt Lake and said the city did more
! business than any city of five times
its population. He said his intimate
dealings with the farmers convinced
h 4r,s,e off -, h
preached Salt Lake for the volume o
5 trade-a fact explained by the absenc.
= of any near competitor and the pros
peTity of the farmers. upon whom ev
! cry business depended. He believed
t the city offered more and better in
4 vestments for capital than could b'
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