The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
Statements Made That 4,
gance in Buying Moto,
Is Alarming Refuts
VERY FEW MACHINES
BOUGHT on MORN
Usefulness and Efficiepe
weighs Any Econon|
View Taken by Soma

For the purpose OF arrivi,r !.
fects and obtaining exact ;n,|| g.,
relative to the rumors whlch 1q
go perslstentiy circulated hS ~ ae
ers. that automobiles wera nnsl9
tho wholesale with money
mortgaging homes. Presidsn,
Briscoe Of the United States ~
pany wrote To- $4,000 hanca.
United States and enclosed =,
asking the bankers 10 fnrrisho oI
the number of people In ~
who had nnortgaged homes "' ~
borrowed money to purchase ar,
PRESIDENT Briscoe also asLod ~
ers 10 supply him. to the bss.
knowledge, with tho percertsss
cars used for business or uess'S
ana whether or not. In tho hsnS
ion, the sale of automoh,ls.
crease in their respective 1aJ
Replies have been racstuls
from 1880 bankers, who sts,n
are 1925 automobiles in ~.
and towns. or this number 4,
nave been purchased by the -
mortgages and only 7fT5 hayo
money without mortgage to parvs
tonlobiles. :" puse
In the opinion of 1929 banter,
Of automobiles will Increase H..
over that OF 1910, while IsSs
sales Will not increase. The 10
ever. arc bankers in tho snaIi H.,
remote sections of the count,y
increase In population Is sm,r
may account for their opinion h, /.
With less than l per cant
moolles bought on MORTGAGES :,
than per cent purchased wjth +
money. recent claims of als-r,~
conclnslyely proved 10 he =
without any foundation what
thorough Investigation by d,
States Motor company has m
ably exploded the irresponsIl5'
ments OF a group OF men who
aeaVored to make the public bel1-
the automobile capital represz,
economic waste. As ma.tsr
hgures show the automobile buz
be built upon as sound a fouo3.
that of any other Industry
Many OF the letters ara Allied
tlmlstio statements and there In
no class OF business men In ths
who are in n better position IA
light on the future OF the autor,o
dustry and in fact. any busluss
the bankers. H.
THESE letters reveal the eyar
tons in all sections Of the coufl|
IL is with considerable gratifcati
g. big percentage OF the letter. n
glowing terms OF the various
purposes 10 which the auton1
applied. 4
1t Is surprising that so many g.
pleasure cars ars used by pfy
real estate dealers.
the bankers themselves and man
business men. Reports show u
dredS OF the bankers own cars al
DO not hesitate TO say that they q
them helpful, not only In ways of
ton, but In business as we'll
Auto Proves Useful.
Many Of the letters deal upon q
[ulneSS Of the automobile for q
The automobile has brought the
sections closer to the cities and
,ng the boys contented with far
IL ls Keeping many OF the farm
ln the farm instead OF leaving u
or city life. The farmer can "a
With a load In short time and 4
Ind do n days work, III the eye5'
use the car In taking their far
ectures, concerts or the theatet
ione in time for a good nights
$ the belief of many OF the "a
he rural sections that the au
makes agricultural lifo worth IN
We have no sympathy with
las been given out In New fo0
IS to the extravaganza Of largc
ION OF automobile purchasers q
.uty to save their money. or al
void the purchase OF machi1s
he president OF one OF the bigge*
ng houses in Chicago. We
he same number Of city ard
DIX had actually nortgaged tm
rites. as Is alleged. and with
eeds bad bought securities va
treet has. that no suspicion Of
'oulo have been heard.
IT Is, however. not at all
whether an investor buys an
lie or not. but simply q question
ecomes of the money after thst
neither 1t Is put into enlarging
'obile plant or whether II Is AZ;
the stockholders, and by them
securities. -
From Canton, Ill. comes ~
ent from an official OF one Of
It banks. who says, Il have 10
le matter over rather carefully
included that the motor car Is
,cesslty rather than luxury ~
ize the prejudices that e1isl e
e. purchase and use OF them 10
I'd feel that II is only naturS
me OF the more conservative ,-
II believe tbat they VIII be
get over that feeling. as
r VIII within Il few years eDu ~
ace the horse drawn vehicle +
avei." &
I'VE have never yet known :,
nj of Rood River or Hood hiI :
lcing Il mortgage upon his hon :
automobile. although there, -
10 have mortgages upon ihs' !
at 90 not own automoblles, -
itement from the president
Oregon. ~
From the thrifty state OF
lcWlag is received fro5, the Ii
large back I'VE think thaS
mes owned here are used s4 4>
the time f1r business. as <
fact. II has been the means
: the country into very de N.
IN the town and our farmers
wing machines quite largely.
nloers OF farmers who come 4
the writer and ask il he 'n q.
'uld he capable OF running
nks that the year 1911 Will :.
es Of 1910. AS far as low
ned the farmers are just
the possibilities of The autoo
voU have ever had any 2
IN this class OF trade. you 4
II when one farmer IL nel
IS Il thing. il is only h x
,rt time before the whole =
predominating feature ol {
pondence reveals the irahn 9
with which tne
de the investigation. NAM y
sonally talked with autoHou \
garage men. present ana u
levs OF automobiles and tns w
1 shows v.vidly that these -
business men believe the, n
nStrv Is practically In rs 'n y.
| Tie public is only awaben -.
a.. possibilities Of the moto' -
hc Investigation iustigaieu y 4
{ BrIscno is the only thoTous h.
ION eyer made by ulotoi <s|
4 and the result plainly -
Y IL Is for n few men 10 ,n h
Its at random and founde t
;ational reports which arc
the real facts and conoit%