Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-04-07
Good Results Sure to Follow His
Acqualntanceship With
Big Men.
INTERESTS BUSINESSMEN.
Main Street Ventures May Receive
Impetus Following Visit OF Noted
Einancicr 10 This City.

Lake 1T noon TO-DAY after Visit OF
two days, in Which he made a special
study of the city as an investment cen
ter.
The feature of his visit was yester
dav afternoons luncheon at The Alta
club. during which he exchanged views
with leading Salt Lakers on the towns
possibilities. The result has been that
today businessmen are talking over
their needs, and there is a rumor that
they know where 1t Is possible to OBJ
tam good loans on reasonable security
for the making OF big improvements in
the business section. Mr.. Morton, with
MS varied experiences as n railroad
man. cabinet member, and insurance
man, has accumulated business expert
enee which commands a salary of $780,
OOc per year from the Equitable, and
the general opinion of those who met
him yesterday was that he earns 1t.
Main street ventures that have been
talked of for some time We're waiting
the arrival of Il financial leader who
would express sufficient faith In the
city to join in the ventures, for which
reason 1t is regarded that the visit will
prove a timely one.
Just why ii was made has been the
matter OF some speculation 1t is known
that the Equitable has been without a
local agent for some time and 1t Is
thought that the establishment of an
agency will be one of the results of the
visit Mr.. Mcrtou's former connection
with the cabinet led others to take the
view that he came here as an ambas-
sador seeking to help the political for
tunes of some candidate. Mr.. New
house, in introducing him at yester-
day afternoons luncheon, declared that
he had wondered why Mr.. Morton was
coming west after having met him in
New York.
Il was glad to learn" he said. when
Mr.. Morton arrived, that he was study
Ing western investment conditions be-
cause the company under the new pol
icy proposes to invest its funds in the
territory where 1t gets its business"
Gov. Cutler was called on to make
the first address, and in welcoming Mr.
Morton to Utah he declared that the
people were careful, prosperous, re-
gardful of financial obligations, and
loath to cucumber their property with
mortgages He considered the state a
magnificent field for investment prin.
cipally because the opportunities were
in the opening of new fields.
Mayor Bransford told of Salt Lakes
command of an immense commercial,
mining and agricultural territory, and
Of its remarkable recent growth.
Judge G. c. Goodwin said he was
glad to know Mr.. Morton because he
had known his father, secretary Of
agriculture, and had known him always
as one OF the men the Bible referred to
as the pure in heart"
c. A. Quigley spoke of the wealth of
the region near Salt Lake. former
senator Thomas Kearns outlined the
work of Mr. Newhouse in upbuildine
the city, closing by referring to the
growth that was certain, and the power
that the president OF so great an insti
n 9 hfa IA a,
helping forward this growth
w. s. Mccormick when called on as
sured MI Morton that he felt 1t an
honor to meet him, and promised that
any money he might send to Utah
could DO invested to good advantage.
Dist. Atty. II. e. Booth referred to the
rapid growth OF both city and state.
and the high character of the citizen
ship.
MIR. MORTON TALKS.
Mr.. Morton, when called upon, ex-
planned the Equitable's new policy Of
investing Its money where Il receIveI
its business. In Pittsburg he said he
had found the people depressed over
the closing of the plants, while I'm Chi
cago they were over the financial furry
and were smiling. st. Louis was op-
tlmistio and in California the spirit
was everywhere cheerful.
"As to Utah and Idaho" he said on
turning to local subjects II believe in
their future. Irrigation is doing great
things for them, and here In Utah you
have made great progress since / was
here last, about four years ago. Hero
in Salt Lake you have a splendid Com
merclal club. and you ought to find It
Il powerful factor for good. One thing
reminds me Of story In one of George
AIDES fables. The girls name was Lu-
ella, she was not pretty Her eyes
were crossed; she had pug nose; her
complexion was bad, and AIDE said,
LuellR's features didn't know the valuo
| OF team work
You people of Salt Lake know, per-
| haps that team work Is everything If
| YOU work together, with an organlza-
| ton like your Commercial club. you
| can bring people here and you can keep
Il good many OF them here. You can be
| like man In Oklahoma who made a
speech 10 Chicago men l took down
there. This man said to the Chicago
ans: You're the kind of people we
want down hore. We want you to come
and stay, but IL you can't come your
selves, give your sons 800 600 apiece and
send them down. They can double
their money or we can get It; anyway,
we want them TO come So" continued
| Mr. Morton, you can get people here,
and n they don't double their money
as they ought 10. you can get 1t your
| selves"
In concluded the discussion A. J.
! Davis and President W. j. Halloran OF
the Commercial club spoke briefly. Mr..
Morton Is now ON his way east after a
tour which has embraced the coast
cities and the principal cities en-
countered en- route west