The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-08
HARR|MAN'S WORDS
ARE COMING TRUE
He Predicted Salt Lake viii Be
One of the Four Great
municipalities.
BANKS DOING THEIR SHARE
THEY FINANCE IMMENSE
DEALS WITHOUT AID.
BANKS DOING THEIR SHARE

An important feature of Salt Lake
IS the fact that ii is the industrial
center of a vast extent of country in
GLIDING not only Utah. but large part
of western Colorado, all of Nevada.
southern Idaho and mucn OF western
Wyoming. On account of its position.
therefore. the city is real metropoli-
tan busisess center much more than
| Is understood. perhaps, by many people
and stands largely for the country In
cluded within the intermountain terri
tory than do most other cities for the
locality of which they are the centers.
Attention has been called to this fea-
ture OF the city a great many times.
but never more forcibly than by the
late z. H. Hartman, who designated
cities Of the country. That the great
railroad king understood the situation
here both on account of his general
knowledge of business affairs and from
a careful examination OF business con-
ditions here is true. There appears 10
be, however, a sharp distinction be-
tween tho meaning Of the term, indus
and as applied to many other metropoi-
itan cities.
The remark of Mr. Hartman has
business men here and much has been
made of his idea by way of boosting
the city. Conservative business men,
however, point out that Salt Lake is
peculiarly made up for a metropolis not
only on account of it's position as an
Industrial center, but from the various
constituents who form the population
Of the place.
Salt Lake Cosmopolitan.
The city is cosmopolitan because its
people come from all parts Of the earth.
A little consideration of the personnel
Of the inhabitants will show how large
ly almost every section OF the globe Is
represented here. The organization of
state clubs at he time of the recent
Grand Army encampment showed that
practically every state on the Union is
represented in this city.
The business men, therefore, even In
the same line, represent wide ideas and
different methods of carrying on bust
ness. The association of these differ
ent elements brings about broad COM
munity of interests and produces wide
outlook IN almost every undertaking.
1t has been commented upon great
deal that the average Salt Lake bust
ness man Is broad in his views and dis
posed to treat with consideration all
sorts of suggestions of any character.
The thing is well illustrated, it has
been said in the manner in which these
men take hold OF any large project and
by putting their shoulders to the wheel
produced large results. The paying Of
the debt of s15O,Oe0 against the M;
C. A in a few weeks last summer and
the raising of nearly 100000 for the
new Commercial club building are ex-
ceIlent examples o. what can be &C
turn aside from their own interests and
devote themselves for a short time to
the interests of the community. me re-
cent campaign OF publicity now oeing
instituted by the Commercial club is
but a phase Of this same spirit
Banks Back Big Projects.
All of these things can be seen from
time to time. II is not generally known
however. that the banks Oh Sat Lake
form the financial backing OF the large
Industrial projects which are carried
out all over the intermountain country
When money is required for some pur-
Cities come to Salt Lake. When it IS
proposed TO undertake q new Irrigation
scheme, the promoters turn naturally
to Salt Lake for their support When
farmers require large supplies Of tools
or desire assistance IN harvesting their
crops they start negotiations with the
business men Of the central city
In this regard Salt Lake resembles
some of the cities OF the large farming
communities of Iowa, Kansas and Ne
braska at Is true" said a prominent
business man recently In commenting
on this fact, that any large city at
tracts to itself g vast amount of busi-
ness from surrounding communities,
and that New York city, for example.
as the industrial and financial center
of the country is appealed to for as
sistance of all kinds in undertaking
large enterprises.
''These requests come, however. from
through the banking institutions 10
Gated in other centers. With regard
to Salt Lake, the requests come to the
city directly from the people interested,
In short, financially. the entire inter
mountain community is conferred In
this city. The banking men Of Salt
Lake are known all over five states,
rafo oR fnz -trl Inc
lions In most of the other intermoun-
tain cities is almost that OF agents to
the larger institutions in Salt Lake.
Finance Nevada Mining.
The mining business of Nevada
comes here also. Capitalists of the
their headquarters here. The smaller
cities are merely points of departure |
for the investors. and when the capt.
tali5ts leave the locality and return |
home, IN speaking OF their trip, they |
refer to Salt Lake as the place which |
they have visited. Excursions are made /
from here to mining localities all over
the fntermountain country. The land |
office is here and the assay office. |
BUSINESS emanates from here. and the |
results are brought to the metropolis. |
Another remarkable feature of busi- |
ness here Is the fact that so large an |
amount OF the business done here is |
financed in the city. 1t Is astonishing |
the small amount Of capital secured |
outside the city TOT the erection or /
new homes and large business struc-
lures. In but few instances has out |
side aid been sought, and it is fact |
that some OF the largest hotels and |
office buildings have been constructed |
entirely with the aid OF Salt Lake capt. |
tai"
These things are pointed out as some /
o. the reasons for the financial |
strength of the place The community |
Is almost self-subsisting, and Is able /
TO handle its own affairs without out |
side assistance. As the city grows, 1t |
Is pointed out. II will necessarily spread /
out more and more and come more |
closely into relations with other large |
centers. but for many years past and |
even yet to a large extent the city /
stands es the representative Of a huge /
busy community. of which It is the in