The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-15
Do BUSINESS OFF
Of MAIN STREET
CONTINUED From Page one.)

buildings in most instances simply pro-
vided an opportunity for expansion OF
growing business. Rentals in these
new locations were less than on the
main thorouShfare, to be sure, and the
choice of the places on State street
may probably have Influenced the
change. The results, in any case, how
ever, was the building up Of almost an
entire new block of business property
and the changing of the character Of
the remaining space on State street
between South Temple and Thfrd
South streets
The raising of rents along Main
street did more than this, even. IL
crowded the smaller dealers off onto
the side streets. Formerly these deal
ers were mixed in with the larger con-
Germs in promiscuous confusion. With
the utilization of Third South street
and the extensions southwark on Main
street and State by these concerns to
escape what they declared were the
unjust exactionS Of landlords, the bust-
ness area of the city was increased for
several blocks on both Main street and
on State, not to mention the spreading
out on both sides of these thorough
fares on South Temple, First South,
Second South and Third South.
But if this be so, it is said, that the
rentals have brought about these
changes. what effect has the erection
of the Newhouse buildings had on this
changer
Simply to increase the ground value
and in turn the ground rental OF prop
erty in the vicinity of the new build
ings, is the reply of the real estate
dealers. There has also been a move
ment to improve the appearance OF
business locations on the upper blocks
of Main street to counterfeit the Inn
provement made farther down the
street.
One of the leading business men OF
the city pointed out recently that the
rivalry between the property owners
of Upper Main street and those con-
trolling interests near Fourth South,
was one Of the best things in the world
for the city, since it brought about the
Improvement Of one section and the
enlargement of the other. The move
ment is simply a clash of business in
terests and will work out all right, just
as does any honest competition in diff
ferent business lines, is the declaration
made It has seemed too bad in many
instances when small business con-
Germs have been forced out to one side
as q result Of increase IN property
values and increased rentals, but 1t has
built up the city and produced tre-
appearance of the business district
but in the general business conditions
as we'll
That the change is recognized by
the financial men is indicated also
from the expansion of the financial
district The Utah Savings & Trust
company was the first to move south
on Main street, and for time was the
farthest away of any OF the financial
institutions Already new bank has
taken location farther south, and the
new Copper National bank will be
opened within a few weeks more than
block south Of the Merchants bank.
That there is a call for a financial in
stitution in that section of the city
must seem to be q fact. else these
financiers would not risk placing their
institutions in that locality. The
change as almost Inevitable, and the
increase in rates OF rentals was only a
phase of the movement In the COM
petition and struggle for good Local
lions it was natural that the bigger
men should win out over the smaller