Year: 1873

SALT LAKE CRY, Utah, April 10, 1873.
To THE EDITOR OF THE HERALD -


Your telegram is received. thank you for
the privilege of representing facts as they are
I will furnish them gladly at any time you
make the request.


For over forty years I have served my
people, laborng necessarily, and am now
nearly seventy-two years of age and I need
relaxation.


MY RESIGNATION
as Trustee in Trust for the Church, as Presi-
dent Of Zion's Co-operarive Mercantile Insti-
tuition and of the Deseret National Bank are
made solely from secular cares and RESPONSE
bilities, and do not affect my position as
President of the Church.


STILL IN COMMAND.


In that capacity shall still exercise super
vision over business, ecclesiastical and secular,
leaving the minutia to younger men.


OUR INSTITUTIONS


are well established and competent to succeed
me, and my own investments remain as they
were.


II. S. Eldridge is now President of


THE MERCANTILE INSTITUTION.
He is merchant of long experience and
well known to business men in the East The
paid up stock of this institution is nearly
three quarters Of million. 1t carries stock
of merchandise of about million and half
The purchases for the past half year are over
million and half in currency and about
one hundred and forty thousand dollars in
coin. The business done during six months
reaches two and half millions. 1t paid for
the half year dividend of ten per cent.
MY SUCCESSOR IN THE DEsERET NATIONAL BANK
is the Hon. W. H. Hooper, well known as our
late Delegate to Congress. This institution is
perfectly sound and is conducted on the safest
business principles


OUR RAILROADS


are in good condition. The Utah Central is
thirty-seven miles long; its gross earnings for
1872 we're $4,000 The expenses in round
numbers were s210, 900; the net earnings were
$4,000. I state these facts as efforts may be
made to damage the credit of these institu-
tions. There is


ANOTHER RAILROAD


here also doing good business. The Utah
Southern is built about thirty-two miles,
narrow guage. Roads connecting with this
are being constructed into Little Cottonwood
Bingham Canyon and American Fork, TO meet
the demand for transportation to and from
the various mining camps of these regions
The Utah Northern is being constructed from
o junction with the Central Pacific through
our principal northern settlements into South
eastern Idaho, and other narrow guage roads
are in construction or in contemplation.


THE ApACuEs TO DE CIVILIZED.


We intend establishing settlements in Ari-
zona, in the country Of the Apaches, persuaded
that if we become acquainted with them we
can influence them to peace in accordance
with President Grants Indian policy, and
open up that country to settlement by the
whites. Our cities, towns and villages now
extend about four hundred miles in that direc-
ton; and, in view of the railroad crossing
that country, we hope to be prepared to as
sist in its construction, and when completed
bring large portion of our emigration that
way to settle the country.


GOOD CITIZENS WELCOMED TO UTAH.


In Utah we have fine country for stock
raising and agriculture, and abundance of
minerals awaiting development and we well


III