The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-10
BUTTE MAN DECIDES
TO INVEST IN ZION
Outlook Here Is Better Than
Elsewhere in West, He
Finds, After Trip.

81 have travelled up and down tn
coast pretty thoroughly the last sixt.
days, visiting Los Angeles, San Fran
cisco, Spokane, Portland and othe
cities, and l have come back to Sal
Lake to invest some moro of my mono,
in the business and residence propert,
of this city,
The remark came from Samuel Bin
der of Butte, Mont, one Of the moneyeC
men of that state, as he sat in thu
office of the Hubbard Investment com
pany Saturday, discussing local condi
tions as compared with the situation
at present on the Pacific coast. II,
continued.
Here throughout. all Salt Lake
and vicinity is strong, steady,
healthy growth and an increase in
property values that will make
money for any man who invests
his funds locally.
You have no boom nor should
YOU wish for one. The big things
that are under way in your city
and state are the sort of projects
that furnish a basis for exceptional
growth for years to come for
state. Property in Salt Lake at
present is selling away below the
quotations placed on business and
residence property in other west
ern cities where conditions sur
rounding the lots are practically
the same. comparatively speaking
Take property in Douglas Park,
for instance. Here at Ninth South
and Thirteenth East streets is
subdivision with every necessary
c,po
commanding location with lots sell
ing at $3.50 to 5000, street improve.
ments included. In Los Angeles,
for instance, such property, though
several miles from the business cen.
ter of town. is held at $500 and
$4,000 a lot.
I have been investing in Salt
Lake real estate for twenty-five
years, and I've always made
money. Now | intend to build my
self home on one of the Douglas
Park lots I we purchased, and move
to Salt Lake and 90 into business
here.
w. F. Hubbard of the Hubbard In
Mr.. Binder remarks, declared that
this is the attitude more and more
outside investors are assuming toward
Salt Lake. Mr., Hubbard added:
IT is not difficult to find the rea-
son. Throughout the state some
of the most important projects
ever undertaken in Utah are being
pushed with plenty Of money be-
hind them. Take the development
work in the coal mines of the
southeastern counties alone. Hun
dreds Of thousands of dollars are
being spent in opening up new
fields and pushing developments
in the established mines, while the
railroad work under way in Car
bon and other southern counties
outstrips anything of the kind
known in Utah in the past ten
years. The enormous amount of
money being spent by the Utah
Power e. Light company in build
ing two power lines into Utah from
southern Idaho, and the money this
company is spending in aud around
Salt Lake, IS a criterion of what is
being done electrically in the state.
The Utah Light & Railway com
pany has Just announced its ipteu.
tiop of building a new power sta
tion north OF the city to aid in
handling the traffic expected over
the proposed extension of the com
panY s interurban lines north.
One of the largest coal operat.
ing companies in the state has
erected $50 new houses in five DIFF.
ferent camps this year. and will
erect 500 more next year.
The interurban from Paysou
north is being rushed TO compile
tion, and here in Salt Lake the ac-
tivity in realty transactions takes
new turn almost every week.
There have been more modern
homes sold in northwest Sah Lake
in the past thirty davs than in ANY
similar period in the last two wears
/ am anxious to see some of the
money now held idle by the rich
mining men of the state turned
back into the hills of Utah 70 aid
the development of a score or more
OF meritorious camps that need
only little OF this capital TO make
them heavy producers. Much Of
this idle money has been made in
Utah s mines, and ! believe the
wealthy mining men will not neg.
lect much longer the opportunities
awaiting development capital in
the various mining districts OF the