The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-05-08
D. c. JACKL|NG BACK
FROM EASTERN TRIP
Prominent Financier Declares
There Is Nothing Alarming
in Financial Conditions.

Financial and business conditions
throughout the country are not alarming
and there is nothing to cause anyone un-
casness, was the substance OF state
ment made by ID. G. Jac!tling, vice presl-
dent and managing director of the Utah
Copper company and numerous other
large companies oi the west, who re-
turned yesterday from trip 10 Now
York and other eastern cities. When
seen in his apartments in the Hotel Utah
last n!ght Mr.. JackinG said:
This country and It's industries are
like growing boy In tnat There is
always something needed. SIS the
boys clothes never just fit But the
gigantic enterprises are too big 10
be troubled long There is Just IL
little uncertainty IN financial circles
but the European and Mexican wars,
the floods and tornadOcs here at
home, and II change OF administra-
ton are bound TO have come effect
The main reason for any uncertainty
in money matters * caused by the
tremendous growth and activity
everywhere that require an unusual
amount OF money. The trouble is
10 keep up with the progress OF our
industries,
Prospects for the copper Industry.
in which 7 am directly Interested.
never were better than they are now
The reserve supply OF copper is con-
stantJy decreasing which means that
we cant mine IT fast enough TO sup
ply the dema nd. The lead and zinc
Industries are by some regarded with
apprehension on account OF the at
ttude Of the present administration
toward the tariff. but the taking off
OF the tariff Is not going to Kill or
seriously cripple those Industries.
They are too big.
The war in Mexico has had its cf-
feet. for we have financial interests
hot .,,,1 all .f
tho disturbances over the country
have had or will have an effect here,
but they are not sufficient To cripple
us or TO impede our progress. | be-
licvc that the administration Is safe
and sane and that we have absolutely
nothing to fear.
shall move my headquarters to
San Francisco about the last OF next
year, but IS Is not from inclination.
The interests with which ] am con-
nected have so progressed that ! find
IL advisable TO have more central bus
mess Headquarters. My personal Of
/ shall be here about as much as l
am now. have not resigned or re-
tired or anything like that. Work
Is my recreation and | expect 10 keep
working as long as ] live.
There are men connected with the
companies OF which | have been gen
erai manager and am now managing
director in whom ! have great con-
company should be there on the job
all OF the time, and that was some
thing which 7 could not do with my
increasing interests. AS managing
director ! can exercise "a supervision
Of the different companies not unlike
that which | now exercise. and we
shall have n general manager for
each company,
The same change goes Into effect
with all Of the companies in which 1
have been and am Interested, but IL
does not mean a lesseuing of interest
on my part. ! am Vice president and
managing director of the Utah Cop
per company, the Ray Consolidated
Copper company. the Chino Copper
company, and vice president of the
Nevada Consolidated Copper COM
pany. I never was genera! manager
Of the Nevada company and am not
now managing director oil that COM
pany. The change merely means that
men who are deserving are going to
be given recognition and responsibility
due them,