The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-12
BUSINESS AND TRADE.

The stirring event of the week has
been the payment by Mrs. Hartman
of an Inheritance tax from her hus-
band IS estate to the State of Utah,
amounting to sos, s,546.s5. OF this
amount s75o,0O0 is appropriated to-
wards the construction of the State
Capitol This payment Will put the
inheritance tax law of this State on
firm revenue basis. The State will,
from now on, derive considerable
sums from time to time from the OPP
crations of this tax.
During the week Judge Robert S.
Lovett President of the Hartman
railroad system, visited Salt Lake
City. and renewed the assurances that
this system will spend SIS, 100000 in
the double-tracking of its lines in the
west, and that this will be done within
five years About sixteen hundred
miles of double tracking are included
in this programme. Judge Lovett de
clares that the West is growing so
fast that the railroad company has TO
make the improvements, and that il
is the plan of the Hartman system
not only to keep up with the growth
of the West, but to be little in ad
vance of it..
First mortgage bonds for s25,000,0O0
were sent during the week to Parowan
by the Utah & Grand Canyon Rail
road Company, there to be put on rec
ord. The company proposes to build
two lines of road IN Southern Utah;
one from Lund on the Salt Lake Route,
through Iron and Washington Couu.
ties, and on to Searchlight, Nevada,
to connect with the Santa Fe. The
other to run through Marysvale, the
present terminus of the Rio Grande s
Sewer Valley branch thence on
through Piute, Garfield. and Kane
counties, TO the Grand Canyon, with
branches tapping the forests in south
ern Utah and northern Arizona, said
by government experts to contain over
four billion feet of timber ready TO be
placed on the market, and also with
projected line to the oil fields of
San Juan county.
The Colorado Midland announced
that it will open eight of its Offices
which were closed last June. 1t is ex-
pectcd that the Salt Lake Office, the
only city outside of Colorado which
the company has retained an Office in
for the last eight months, will be made
General Agency Office,
Floods have intcrfered with the Salt
Lake Route and the Western Pacific
during the week, but these troubles
are only temporary. The Western Pa
cific is expected to be opened by to-
morrow, and the Salt Lake Route S
high line VIII soon be completed, and
that will put this road out of all daa
ger from high water
The Bingham and Garfield road is
making good progress, and is expected
TO be in operation early in July.
Business in the city during the week
has been good and strong. The re-
tail merchants have had week of
showing off early spring merchandise,
and there has been minging Of late
winter buyers and early spring buy
ers, with the result of a lively bust
ness week. There is promise Of a
heavy spring trade, and spring open
Tags are being planned by all of the
retailers. The outlook was never bet
ter for sweeping spring business, as
the merchants report
A number Of realty deals were
closed during the week, and there is
n feeling of genuine encouragement
among the realty men over the situa-
tion- The ensuring Of the capitol
building, of the administration build
ing of the University, and of the half