The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-06-20
National Copper Bank Letter to
Patrons Points Out Benefi-
cial Results.
IMPORTANCE OF MINING
INDUSTRY IS RECORDED
Much of Salt Lakes Wealth
Flows Directly From Proper
ties Already Developed.

Patrons OF the National Copper bank
have received the June trade and f1nance
letter issued by the bank. The letter con =
tains an accurate condensed report Oh
Utah business activities In part the
letter SAYS:
Another great commercial combination.
tn tobacco trust, has been directed by an Inc
suurome court OF the United States to DIS
solve. This decision does not mean that
il must cease 10 do business. but that It's
operations must be such as 70 cause no
unreasona bic restraint OF trade and that:
hereafter. II must conform 10 tho laws
Of the land. The court very considcrate :
ly gave 1t and the Standard oil trust SIX
months i'm which TO rcarranGe their al :
fairs This has had most salutary ef-
feet on the business OF the country in
that IL has reduYed condition of uncer-
tainty on all sides 10 one definite as TO
the mind of the highest tribunal In the
land. And now everybody who is In any
way interested is busily engaged In the
work OF dIgestng these decisions. The
them carefully. for by them We. as a
nation. have reached n milestone In our
commercial development from which all
business roads viii diyeree. There has
not been. nor will there be. any immediate
change In conditions. AS we familiariZe
ourselves with these two findings we shall
gradually assimilate them and move con-
tinuallY toward a general condition OF
greater prosperity. The restraint which
has been exercised in the conduct Of our
affairs and the halt In public and pri-
Ndtc cS1raNagauceS mas n1u,l most "lp!e-
some effect in business conditions and ola
the people. and as we move onward IL
Will be with the conscious knowledge of
our national strength and ability TO meet
the future and master Its business COM
pleXitles.
Conditions Improving.
IAN improved local condition il evil
dent The crop outlook is favorable for
this season OF the year and a hopeful
tone pervades all avenues Of business
and reflects Itself in the industrial de-
velopment work being carried forward.
This months letter treats OF the MIN
Ing Industry at considerable length, going
into detail concerning the growth Of the
Industry and the establishment Of smelt-
ing plants. or the general mining indus
try the letter has this information
Growth Of Mining.
The magnitude Of the great mining
industry. with all OF its ramfications.
and Just what II means TO the city and
state are scarcely understood or fully
realized. Every year since the OK teams
hauled the first loads of ore down from
the canyons and the smelters began to
extract the rich metals from them. many
millions have been added TO the wealth OF
Utah The mountains OF the seven min
eral counties of the state have yielded
of their precious stones StSo 106. 900 worth
OF gold. silver. lead. zinc and copper and
they have. in fact, only commenced TO
give up their metal treasures. The pres
ent beautiful city Nesting on the Wa
satCh slope. overlooking the Great Salt
lake. the business and social center of
1000. 900 square miles of this intermoun-
tain west. owes its growth and Its pros
peritY, its broad avenues of pala tial resi-
dences. Its business blocks of stone and
steel, very largely TO the millions taken
from this industry
THE millions invested in this region In
mining properties and equipment in con-
centratinr mills and in smelling plants
assure beyond argument Ne permanency
of this industry. The mineral resources
Of the state have scarcely been touched
The hidden treasure vaults OF our noun
tatns contain many more million tons OF
the precious metals than have been mar
keted. AS they are reduced to tangible
wealth the major part VIII undoubtedly be
used in the Improvement OF our farms and
cities and in the upbuilding OF other
wealth producing industries"