The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-05-20
National Copper Bank Letter Is
Written in Most 0ptim-
iStic Vein.
NOTHING TO COMPLAIN OF
IS THE GROUND TAKEN
BUSINESS Is Moving Along
Surely and Safely, the
Writer Says.


is passing through period Of construc-
tive prosperity with no show of nc
teorlc boom 10 divert attention from
the steady growth, the monthly trade
letter issued by the National Copper
bank is reaching the customers and
friends OF the bank filled with notes
of business progress and material de
velopment information. Business con
ditions throughout the United States,
and In Salt Lake and Utah IN partlcu-
lar. are given credit in the letter as
assuming better color. What the alarm
ist would term stagnant and backward
business conditions, the letter holds 10
be wise conservatism out Of which the
country IN a business way VIII emerge
presently all the stronger. BY way OF
Introduction, the letter. says:
In reviewing present conditions
throughout the United States and the
intcrmountain region. we are reminded
that all progress. all growth, is relative.
The asparagus plant or the mushroom,
appear To outstrip the redwood tree, but
which becomes the giant? All great
movements must proceed slowly and with
caution. There must be pauses In our
commercial life.
We are u volatile people, rising 10 the
heights OF extravaganza i'll our belief in
The future prosperity of our land or sink
alarm the obstacles which appear to |
block our way. The rate decision; the |
uncertainty as to procuring reciprocity |
treaty with Canada: threatened tariff re- |
vision: the trouble in McXico-all mere |
incidents In themsclNeS-scem TO have |
halted temporarily the progress of our |
great industrial concerns. Yet greater |
questions are being settled quietly every |
day. Seeds are sprlnging TO life in the |
soil. new enterprises arc forming for fu-
turc growth. education is advancing. We |
IA. mn rI l.
pate that business In general will ad-
vance at a grea rate during the succeed
rather resemble that of the giant red
wood-natural. healthy. wholesome and
lasting. The principal factor in evolution
is time. Caution an and conservatism are
not peSSimism. They are simply the
brakes wisely furnished 10 retsrd undue
acceleration.
Effect of Decision.
The supreme court has said that The
Standard on trust must be dissolved !
within the succeeding six months. We do
nos think that the decision will have the
effect of increasing diminishing the
wealth of thc country by the measure of
posing the trIst viii undoubtedly con-
tinue their operations, and from now on
In compliance with the laws Of the ma
ton. The opinion rendered is undoubted-
ly able one. and its immediate effect
upon The market is To give II strength |
and buoyancT. Other giant combinations
are. by his decision. shown that opera
lions which have The effect OF putting
an unreasonable restraint upon trade VIII
not hereafter be tolerated
Locally we are expanding every day.
Prices may rise or fall. business may
sacken or accelerate. but our steady
onward apd upward progress cannot be
stopped. regardless Of what We indi-
vidnals may think, say or do. We are
new country, with all or the latent Gle
ments Of greatness. Geology teaches that
Y lac Ia ,.f |
and the depth OF the soil in our valleys
were ages In forming. 1t will require
long decades for us TO subjec, these to
our material uses. We must produce
more abundan,lv Of our raw materials
before we greatly advance our manufac-
'urins Industries. and before we come
into our own. VIC must certainly become
n united people.
in commenting on the building nc-
tivity for Salt Lake this wear, the letter
says that buildings Will be started.
completed and partially completed this
year totallng an expenditure of 50 4j3,.
600, exclusive of small business houses
and residences. In this summary the
new capitol is given. the high school
building and the university building
as three of the largest that will be
started this year. Outside of these the
buildings mentioned will have their
start and finish within the year.
Home Industries Alive.
Continuing, the letter. says:
The benefits of the work which has
urcd products are being felt very gener-
ally. Merchants tell us that the call for
goods made in Utah is growing appre-
iably every month and the manufactur-
ers are pleased with their additional or
ders for home consumption. We have
previously suggested that closer ac-
quaintsnce with home made goods would
prove profitable TO the entire community.
as well as instructive TO those OF us
who have been buying foreign goods.
The exhibits ri ,he pure food show dur
ing home industry week were revelation
to hundreds Of Utah citizens. A place
has been provided In The Chamber OF
Commerce for continuous exhibitions of
Utah manufactured. agriculture and min
eral products. Located opposite the tenn
pie grounds. ii offers opportunity to
acquaint every tourist and visitor to the
city with our vast natural resources. as
well Is our established industries. AS q
means OF bringing settlers into the state
a full use of the advantages offered for
maintaining attractive displays would nm
doubt=dly bring results beyond all on
pectation- The efforts Utah made at
the Omahn Land show and at the Pacific
Angeles, which was attended bv our gov
ernor with his STAFF; and Joseph Il.
caine, secretary Of the Salt Lake Com
mercial club and Utah Development
league. has already attracted widespread
attention TO thia state. That kind OF eff
fort Is educational and is we'll worth our :
money.
Plants Are Booming.
There are today in Utah 7i9 manu-
featuring establishments not including
scores OF small plants. nor steam laun-
dries. or the latter we have %. with
"a capital Investment OF $1,000, 900 cm-
ploying 80 people, paying out $40. 600
annually III wages and running expenses
The If9 other factories In the past five
years have increased their annual out
put by S3S,926.00o or 80 per cent. They
now employ 903l more people, have in
creased their capital stock by s26.0O4, 600
or lo2 per cent and have added 1882 900
10 their annual wage scale. In the Ave
years they have increased the amount OF
raw materials used from s3S 926 coo tc
s6l $4,000, gain OF s2S. .Os3. 900, or So per
cent.
One infant Industry that promises
much and needs encouragement Is the
manufacture Of byproducts from crude
IND renEed oils. Some work is being
done in oil fields of Emery county Juab
and san Juan. and we are pleased TO :
note the apparent prospects Of the Inn :
mediate development cf the Spring VAL
ley. Wyoming, field which Is trfbutar
N S,ft 1T.