The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-22
LETTER FILLED
WITH OPTIMISM
Review of Copper National
Bank Carries Encourage
ment and Assurance.
RAILROAD IMPROVEMENTS
ARE CHEERFULLY NOTED
New Industries for Utah Are
Discussed in Brief, but
Convincing Manner.

Filled with optimistic sentiment con
corning the development of Utah and
the intermountain country, expressing
the expenditure of millions of dollars
in railroad building and devoting words
of encouragement to the manufactur.
ing industries of the state, the second
monthlv letter on trade conditions Is
being distributed by the Copper Ma
tional bank. The letter is printed on
four page folder in neat type effects,
and is issued complimentary TO the
patrons and friends of the bank. In a
letter sent out with the pamphlet per
sons are invited to send in their names
in order TO be placed on the regular
mailing list
Persons who are fortunate to re-
ceire the letter will find it veritable
fund OF knowledge on the manufactur,
ing industry OF Utah, and informa-
ZION was carefully prepared for the
little pieces of "boosting' literature
being distributed. It's accuracy is com
mendable. and the numerous facts
crowded into the short space are bound
TO attract attention. The letter fol"
lows:
Vast Railroad Improvement.
FROM the crucibe of the recent bust
ness oppression certain deductions are
being evolved, and the necessary steps
are being planned to meet future re
qulrements. In view of this a splendid
tribute to the inherent wealth OF this
section is found in the recent decision
OF the great railway systems TO double
track their lines into Utah. the heart
of the lntermountain country, and to
spend many millions of dollars in gen
eral improvements and equipment. Pres
ident Lovett, III announcing the lnten-
ton Of the Union Pacific to spend So.
00O,O0O for the building of 1878 miles
of main line. says: "The entire coun-
try served by the Union and Southern
Pacific systems is rapidly developing.
Indeed, il is only in its infancy, and
W. are convinced that its growth in
population and its agricultural and COM
mercial development must continue,
1t is also stated that 100000, 600 more
is 10 be spent by these systems in the
construction of extensions and new lines
tributary TO the Union and Southern
Pacific railroads, and a semi official
statement Las been made that the new
regime in control Of the Gould lines has
authorized the expenditure OF q like
sum for general improvements 1t is
said that onefourth of this amount,
$4,000, 900. will be used in double
tracking the Denver g. Rio Grande from
Denver TO Salt Lake. and in the gen
eral Improvement Of its roadbed, also
In making certain cutoffs. All of this
means the spending of more millions by
these systems of railroad for additional
equipment. 1t means the employment
of many thousands OF men and awak
ened activities in every section touched
by their lines. Business all over the
country has taken heart from these an
nouncements and their good effects are
felt in financial and other markets.
Interest in Finances.
Much interest centers in the monetary
commission and currency reform. We be
lieve the Aldrich plan is good one
1t provides for new system Of cur
rency based upon the needs of the coun
try, q practical use of the millions of
bonds and commercial paper now IN
available IN times Of need; a control
Of foreign exchange so as to enable us
to keep our gold at home when required,
and proper solution of the problem
OF the disposition Of our $700.000,00
outstanding government bonds. now
used as basis of currency circula
ton.
A hopeful, optimistic tone. tempered
with moderation, is everywhere notice
able in the mountain states. The down
ward tendency in stock values seems
to have ceased and solid bottom has
probably been reached, as we note a
gradual broadening in the market for
investment securities.
Local banking conditions are good
January clearings were S29.9lT 1880
as against S29.9Sl Cos 02 for the month
of January last year Interest rates are
generally lower than two months ago
The past years have taught us that
big progress can only be made through
organized effort. and we are pleased to
note the forming of the Utah Devel
opmeut league. This. we think, is sig
nifcant of a great forward movement
in the development of Utah IS indus
tries.
The Omaha Exposition.
We also welcome the organization of
the Western development association
which was conceived at the western
land show held IN Omaha in January.
If the commercial clubs will cooperate
with this organization, and if the
broad lines of publicity as now planned
are carried out, the mountain states
will begin 10 come into their own. As
the Panama exposition is TO be held
in San Francisco. thousands of people
Will be turning their eyes westward.
Los Angeles and other cities have more
than doubled their population by Judi,
cious advertising. This is our opportu.
nifty TO DO likewise. The decision TO
build capitol building for Utah is
noted with satisfaction. it means much
for this state. Let us hope that the
building NAV be finished before the ex.