Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-04-06
MAY INVEST HEAVILY HERE.
Much Significance Attached to Visit of
Former Cabinet Officer Who
Only Gcnerali1cs.

| surance company.
Mr. Morton's coming to salt Lake
has a peculiar significance in that he
is the third man of the nations great
est business undertakings to declare
unhasltatingly for Greater Salt Lake,
and base his faith ON business expert
| euce in other cities. u. II. Hartman
| startled the town four years ago by
declaring at an Alta club luncheon sim
liar to that given in Mr.. Morton 5 honor
| this afternoon, that when Americas
great west was properly developed
there would be four great towns max
ing up the transcontinental chain, and
| that these were New York. Chicago,
salt Lake and San Francisco. He
followed his expression OF faith by in
vesting in the Salt Lake street railroad
| system, and planning the Hartman un-
| ion depot.
NEWHOUSE WAS NEXT.
Samuel Newhouse, very short time
| afterwards, announced his faith in the
| city's power TO grow us the safest thing
| to bank on in the west, and he followed
| this faith by the investment of good
| sized fortune In the Newhouse sky
| scrapers. the first of their kind TO so
| up in the city.
This morning while Paul Moreton
was adding his word to the same Ell
| feet and declaring that Salt Lake had
| a geographical position that would
make her progress impossible to pre-
| vent, Mr. Newhouse Joined him IN MS
| endorsement explaining that SAT-
| Lakes Main street frontage was the
| most free from mortgages OF any CITY
| he had ever heard of, and that IL Wouiu
| only be a matter of proper freight rates
until Salt Lake was absolutely the best
fpr western
| town from Denver TO San Francisco,
| taking in Seattle and Los Angeles.
"Fifteen cities controlling each half
| million people in their environs, can
| be reached from Salt Lake beginning
| with Denver and going west 10 the
| coast. ard taking in all its cities' ana
| from what other western city can TINS
result be attained?" was the way Mr..
Newhouse explained the situation TO
Mr.. Morton.
MIR. MRoToN'S VIEWPOINT.
What Mr.. Morton thought of the sit
uation he explained by declaring that
on the eastern seacoast, there were
many towns much larger than SAT-
Lake which We're of much less import
ance because they We're so near to stu
larger cities. within 700 miles of New
York" he explained, there are five OF
the largest cities in the country, WASH
ington. Baltimore. Boston, Philadelphia
and Pittsburg. Within the same dis
lance of Salt Lake there is no serious
competitor, and territory in this area
that is Just beginning to show Its COM
mercial value. Salt Lake Is bound to
grow in the future much more rapidly
than in the past, and VIII certainly
be great city"
MoRToN'S VISIT HERE.
In explaining the purposes of this
trip MIR, Morton said; My visit here
is part of a long trip l am taking
over the west for the purpose of look
ing over the country studying its re-
sources and devising ways and means
of promoting the welfare of the Equita-
BILE Life society. 1t is now the well de-
fined policy of the Equitable to make
its investments in the states where il
gets its buiness. Our reserves on the
present Utah business amount tot ST.
900, 600 and we already have an invest
ment in the first mortgage bonds of the
railroads which serve YOU amounting to
100000
THE people don't seem to under
stand that the largest owners of the
railroads are themselves. as life in
surance policy holders. We ourselves
own 5000, 100000 of the American
railway securities, and we feel that
these are the best possible investment
for the policy holders, since they en-
able the railroads TO develop, and
without railroads, resources cannot be
developed and your great section
would remain backward because there
cannot be much production without
transportation. Naturally We are
much interested in seeing that the
railroads get fair play in legislation
and otherwise, While the railroads
have made mistakes IN policy at times,
a. l. Ia III
dcred Mt that errors have been COM
mitted in management. contend that
they have been comparatively few,
and think the railroads ms a whole
are entitled to much credit for what
has been accomplished.
RATES ARE LOW.
Rates In the United States are
lower than anywhere else in the
world. Railroad wages are about
twice as high as anywhere else In tho
world, and the service. generally
speaking, Is more satisfactory than in
any other country, These are things
we ought TO remember. especially those
OF us who have seen the country west
OF the Missouri live when II depended
on the OK team the mule team, the
four-horse stage, and the pony OK
press for the transportation Of freight,
passengers and fast inail."
MoRToN's PUBLIC LIFE.
Paul Morton first came into general
notice through his being lifted" by
President Roosevelt from the Santa
Fe. The way II was donu has been de-
serlbed In many magazine articles. The
president, while intent ON visit 10
the Grand canyon country, and bound
thther IN Mr. MortOn's private car
got into n conversation with him abou,
the railroads which just then were
very interesting 10 the president Ho
wanted on his cabinet a man Informed
about them who could give him infor-
nation, ana the upshot OF the argument
was an Offer 10 MI Morton, which he
accepted,
At the luncheon being rendered him
this afternoon the guests Of Mr.. New,
house are Gov John @. Cutler, MayorN
John s. Bransford, w, $. Mccormick
Charles S. Burton, NJ, II. Walker w II
Halloran. Thomas Kearns g. G. Good.
win. Lafayette Hanchett, q. q. Parsons
ii, q. whitney. T. q. .Webbor, w. Mon,
tague Ferry, William lglcheart John