Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-05-08
DEMAND GROWING n c:
FOR loan ]. Y money /
-----.- :, ~ - 49,.
Banking Circles Have Unusual
Calls from Varietyof
Customers.
--------.-------
OTHER BUSINESS THRIVING Il !: ] \.
OTHER BUSINESS 1: THRIVING I 1 \ I.
y, ,-,o,,cctions Are Reported Satisfactory
Whicl, May be Taken to be M
Indication of Prosperity.

focal banking circles report an in-
or.asins demand for money for pur-
Noses of investment in buildings, in
y irrigation and farming enterprises and
various Industrial propositions. There
3 is plenty OF r1oney4to lend. though ow-
NC 10 the strong demand, the best Of
4 collateral security Is required. The res
snation of the cashier and two assists
\ mt cashiers CT the Commercial Ma
t,onal bank to accept positions higher
vi in with the Merchants bank, u state
4 institution, further down the street, was
IAN item Of interest In locrl banking cir
cles. At the time of their resignation
-he charter of the Commercial National
hank expired, and by virtue of a. new
charter, i became the Continental Ma
atcnal bank, with Il w. Boyer of the
First National bank at Rock Springs
as cashier, and II. ID. Curtis of the Hal
Il i i IN ational bank as assistant cash
ier, j. T. Eosgriff, president of the
Commercial National, was chosen presi-
dent of the new bank, With W. p. No
FIble as vice president in place ofgJ, j !.
Daly resigned, to become vice presi-
dent OF the Merchants bank. There is
4 ! current rumor to the effect that the
& MERCHANTS bank will become a New
house institution. and remove to the
new and palatial quarters In the New
house block But the rumor has not
been verified, as Mr.. Newhouse de-
eliles to make any statement.
THE CLBWS LETTER.
Henry Clewssi in his last circular let
4 5te Gr saEni and surely The country is
drawing away from tho effects of the
late panic. Depression may not have
yet entirely disappeared; reimbursement
ID still incomplete, and the horizon Is
not entirely free of uncertainties. Here
+ ndsthere are complaints of dull bust
ness occa sionally there are evidences
OF lack OF employment and overpro-
duction; enterprise. sometimes lacks
#sp,rit, and everywhere there is still
that disposition to caution which Is
always characteristic of past panic
periods Perhaps no more convincing
evidence of business depression could
be found than the excessively easy
money which has prevailed for the
past IL months, not only here but
abroad, showing that similar conditions
prevail in all parts of the commercial
world. The panic fell hardest upon
those in moderate circumstances with
E fixed incomes; for, owing to the high
prcese for food and clothing,th cost Of
living has been excessive and threatens
to continue so until our farmers make
the earth produce more q bundantly and
do their legitimate part towards re-
building national prosperity. At pres
cit our farmers are distinctly a favored
& class, and they are welcome 10 all their.
good fortune; but big profits evidently
have the same effect upon them as up
on other people. promoting laziness and
discouraging the best methods and
largest production. Our crops could,
easily be sufficiently augmented by
more careful and more scientific cul-s
t;vation, thus giving the farmer q larg-
Ell gross profit and the country the
blessing of cheap food and cheap cloth
Ing, which it must have II We are TO
really prosper. OF course. the present
high cost Of living is not entirely due
to the farmer nevertheless he is large
III responsible and ought to be frankly
HARDWARE.
The hardware trade reports conditions
as looking entirely satisfactory. with
collections good-an unmistakable sign
Of good times. The past due accounts
appear now to have been reduced to o
minimum. The output includes house,
hold goods of all kinds. with much
garden hose, the price of which has
heavily increased In the last few
months, on account of the increased de-
mand. There is falling off reported
In wire products, as the demand ap-s
pears to have been largely satisfied.
Is LUMBER.
The lumber trade reports the favor
80