The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-01
SAYS ALDR|CH BILL
MAY SOLVE PROBLEM
w. s. Mccormick Thinks Pro-
posed Currency Measure the
Best Yet Advanced,
CAPITAL STILL TJMlD
Does Not Look for Much IN
veStment Until After Elec-
ton; Politics Active.
CAPITAL STILL TIMlD

w. :. Mccormick. ono of salt Lake's
bankers. returned home yes
tcrdny after an extended pleasure and
business trip throughout the oas,ern and
southern states.
Il had an interesting and pleasant ex-
said Mr.. Mccormick, II first
went To Chicago. and from that city
crossed over into Canada and revisited
my old home. Thence ! went 10 Mon
trcal and then TO Boston. From Boston
! went 90 New York. whore ! remained
TWO weeks From New York went 10
New Orleans 10 attend the bankers ma
tioual convention Arter leaving New
Orleans | Travelled Through some OF the
southern states including Texas, and
returned homc by way oC Kansas CITY
and Omaha. ! enjoyed my trip through
the youth vory much, II was the first
time had ever been south of 81. Louis.
I have been gone from home nearly stN
weeks"
Nir. Mccormick Was impressed with the
evidences OF growth ne saw IN tho south
being especially Impressed nith the city
OF Nashville Tenn, aud The cotton and
sugar cane fields og Louisiana. The state
state not only in area but also In re-
sources.
in Canada Mr. Mccormick said he found
much prosperity aud development. busl-
ness conditions there Dot being restricted
hy The Influences that exist IN the United
Suics. Many with whom he talked were
very glad that the reciprocity agree
mcnt With the United States had not
been ratified. nc said
Thinks Aldrich Bill Acceptable.
Speaking Of tho bankers convention at
Now Orleans. Mr. Mccormick said: The
feature Of tho session was the discussion
of the Aldrich currency bill. Tho con
biD. while defective In some OF It's de-
tails and in need Of pruning. -. ON the
Whole. I'm general principle. the best Solu-
tion Of our currency problem that has
bankers al tho convention was Some-
what disappointing, thought. ! think
~ Mould have been better had the con
vcntop been held iu some other city.
for the reason that T. Was only about
ninc years ago since tho association met
in New Orleans.
Discussing financial conditions in =
general wav MIR Mccormick said that liz
found a sentiment that there would lie
no great Investment in new enterprises
until after the neNt presidential election.
Capitalists. said h", ac"m disposed to
take no chances. aud are only Investing
what Is absolutely necessary 10 safe
guard their Interests already acquired.
Politics to the Front.
Politics is now an absorbing topic i'm
tho cast continued Mr. McCoruicl.
The large business interests are nat
uraiiy hoping that conservative men Will
bo nomin1 ted FOR president next year.
Regarding the mon prominently men
toned I'm connection with tho nomins-
ton II is felt tlIat there will be no great
disturbance Of capital IN the cvcnt that
TAFT Is re elected. or even II. The Demo
Gratis should eject Governor Harmon OF
Ohio. Senator La Toilette, representing
tho iusurgent or progressive faction Of
the Republican party and Governor
Woodrow Wilson Of New jersey and
Champ ClHrk. speaker -ot tho house OF
representatives. Democratic possibilities.
are all regarded as being too radical"
In New York Mr.. Mccormick received
many inquiries concerning Utah sccuri-
tics held In the enst. II found Utah's
credit excellent" said he Investors
consider that our Industries arc on a
most stable foundation"