The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1917-08-02
proves itself a desirable thing.
Sees Temporary Stringency.


Sees Temporary Stringency.
"a slight stringency in some quar-
ters may be apparent at the start"
said John c. Cutler, president Of the
Deseret National bank, but this Is
to be expected and will not last long.
Business will adjust itself readily and
then prohibition will furnish a bet
ter order of things in the long run. "
John Pingree, president of the
Merchants bank. expressed conf
dence that Salt Lake would not feel
any setback keenly. "Readjustment
in other cities has taken from a year
to year and one-half," said he,
but there Is every reason to believe
that no such length of time will be
required here. The rapid rate Of
growth and the present prosperity
contribute to shorten this period.
There may be some vacant places for
awhile, but soon believe prohibition
will commend Itself to every business
man"
No less accurate in intensive OBJ
servation of the community than
banks are department stores. own
ers as well as credit and department
managers are far from viewing with
alarm" as they look ahead.
Says Department Stores Will Benefit.
81 believe the effect will be SPLEEN
did," said II. N. Byrne. managing
director of the Keith-O Brien COM
pany. II made it my concern to
study the effect of prohibition on
department stores in other large cit
les which have gone dry. The bene-
fetal effects extend to all depart
ments of the stores, but they are es-
pecially noticeable in two of the most
important Embellishments wares
and credits. I am sure Salt Lake
stores will gain as much as cities
like Denver and those Of the north
west"
Prohibition, "close up" presents
far less terrifying spectacle to the
real estate dealer than seen through
the perspective of a year ago-this
is the belief of Ruel G.. Halloran,
president of the Halloran-Judge Loan
& Trust company.
"a year ago we were inclined to
think pretty seriously Of the effects
of prohibition" said he, "but now
we are not perturbed. or dozen
saloon properties which we owned OF
were handling all but two have been
rented. OF course the rentals are
not so high as those secured from
saloon proprietors, but the readiness
with which tenants were obtained has
been gratifying.
There may be q period of hard
ship for some persons. but after
things settle down again believe
they will be better than ever"
Many Brewery Employees Out.
Among the breweries, which. per
haps, have been hardest hit by pro-
hibition, the situation is not entire
ly bereft of consolation. At the Salt
Lake City Brewing company about
half Of the seventy-five employees will
be retained on the payrolls to aid
in the manufacture of soft drinks
which the company will put out.
"Just how many men will eventu.
ally be employed we cannot say now
said Phillip E. Mckinney, secretary
and treasurer. cat present we shall
have to let about one-half OF the mer
CO."
The seventy men employed at the
A. Fisher Brewing company will be
released and the plant will be closed
down, according to Frank Fisher
head of the concern. The older EN-
ployes will not be turned out in 9
straitened financial condition, how
ever. for owing to the generosity Of
the late Albert Fisher, founder and
president Of the brewery. all those
who have been in the employ for ter
years or more will receive 800 Lib
erty bonds, and all whose employ
ment runs back one year or more will
receive $50 bonds. The disbursc
ment Of the bonds, amounting alto
gether to about $4,000, will occur OF
the first day prohibition Is in effect
o 9 o o o o @ o @ o 9 o @ . o o 4