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Image provided by: University of Utah, Marriott Library
Newspaper Page Text
H 2 GOODWIN'S WEEKLY K C. C. QOODTVIN Editor h J. T. GOODWIN, Manager HR L. S. GILLHAM, Business Manager 1 PUBLISHED EVK11Y SATURDAY. H B: SUBSCRIPTION PRICE OF GOODWIN'S WEEKLY HI Including postage in the United States, Canada and W Mexico, $2.00 per year; $1.00 for six months. Sub- Hjf scriptlons to all foreign countries within the Postal Bl Union, $3.50 per yoai. Hjl Slnglo copies, G cents. M Payments should bo made by Check, Money Hf Order or Registered LiOtter, payable to Goodwin's Hi Weekly. HR Address all communications to Goodwin's Weekly. Hf Entered at the Postofllco at Salt Lake City, B Utah, U. S. A., as second-class mattor. B P. O. Boxes, 1274 and 1772. H Telephones: Bell, 301; Ind., 302. H 915-91G Boston Block, Salt Lake City, Utah. H According to this description, this road, when H fully completed and in commission, will carry H down such mighty stores of tropical products as H -will give fame to two or three states, an empire H of such productiveness that it will, in some re- H spects, change the lines of commerce. Indeed, B the. city of Para, at one of the mouths of the H Amazon, is spending millions of dollars to pre- H pare for the coming commerce, it expecting to he H the place where the products that come down by H boat will be transferred to ships. H Among all these products the one most H counted upon for revenue is rubber. Since the H advent of the automobile and the apparent im- H possibility of using any substance but rubber for H tires, the demand is so increased that now men H do not dream of grape fruit, oranges, or pineap- H pies, or bananas, but their rage is for a rubber H ranch. H And that teads us up to what we began to Hj say at the beginning, which is that out in Uintah H county, in Utah, there is a deposit, the technical Hi name of which we cannot at this moment recall, H but out of which rubber is made which in a lit- H tie manner, at least, is much superior to that H found in the market. For instance, a hose made H of it will last longer and stand a much stronger H pressure than the hose of commerce. And there H is enough out there to supply the world, and there H are no anacondas, no cougars, no parrots and no H excess of water; indeed, water is so limited a H compound in that region that most of the people m have ceased to use it. H And that is only one of the slumbering enter- H prises which will burst into wonderful life when M the Moffatt road comes through one corner of it. It now is sixty miles from transportation, and it m might be as well six hundred. m At the same time, there is no doubt but what H that heart of South America at the head waters H of the Amazon, the Madeira, the Mamore, that M region in central South America which is bigger H than the state of Texas, has, within its possibili- V ties, sufficient to give employment to, and to sus- M tain the life of the people of an empire. H) We suspect our friend McCune is down there H pushing his road which is to go east from his M mine in Peru to some navigable point on the ' Amazon, and that the chances are that within five M years from the present date, if he lives and es- m capes the anacondas, the crocodiles and the par- B rots, he will be a new Pizarro or Bolliver in m South America, the political and financial boss H of all that interior magnificent country, the last m remaining empire to be opened to the world; be- 1 cause, really, wlia. that road will bring down will B cover nearly all the products of the earth. It K was built to transport copper, but up in eastern M Bolivia there are magnificent silver and gold mines H which have lain dormant through the centuries be- m cause of want of transportation. Then there will M be the diamond fields to flank the road on the m southeast; then the agricultural land which will H prpduce everything tMt grows out of the earth; HLi With the result that with the opening up of that road there will be places for millions to work, and it will be possible to produce products which the whole world wants, and for which there Is an unlimited demand. And if our congress and our rich men were half as bright as they imagine they are, they would want to be down there and have a hand in that development, because what is grander on this earth than to create, and make potential, an empire of land that before was given up only to wild beasts, crocodiles, snakes, and gorgeously plumaged birds? The Omnipotence of Mining A FRIEND asks us if we are not mistaken in the statement, often made, that the pros perity of Utah has for forty years rested, in great part, upon her mining, citing the fact that the other products of Utah are aggregating two and a half times those of mining in value. We hardly think so, for the perfectly apparent rea son that, except for the mining, the other prod ucts would not be worth one-third what they now are. They would not be of half the volume that they now are, nor, save, perhaps, in the two great factors of beet sugar and live stock, with wool as a by-product, of half their present value. Prices, when not manipulated by grafters, are regulated by the volume of money in circulation among the people. Take the money away that is now paid miners, smelters, and for the transportation of oi es and base bullion, and what would become of prices within sixty days? What would become of the places of amusement in this city; the places where beverages, soft and hard, are sold, half the stores? How long before the aristocratic hen would cackle to supply eggs at 15 cents a dozen, the autocratic cow haul in her horns and furnish butter at 20 cents a pound, and the horny handed farmer consent to be two years in mak ing a fortune out of ten acres of potatoes, cellery and onions, instead of one year, as under pres ent conditions? Quartz mines are helpless things. They are generally in more or less inaccessible places; everything has to be carried to them, everything brought away. The call for money for them is incessant, and they have to pay in gold. What they produce is the measure of values; the first prosperity that comes from them is what the people receive who supply them with material, with labor, with machinery and roads every thing; before anything is realized by the owners. The gathering in of dividends is another business. What that means can be seen by a brief inspec tion of what has been going on here during the last four or five years. The improvements could not have been made, that have been made, Just through the steady growth of the city. There had to first be an accumulation. The Newhouse and Boston buildings mean simply the materializ ing into steel and marble and mahogany of some dull ore in the Cactus and Boston Con. The Hal-loran-Judge block is merely the ore in the Silver King taking on a new form. It is the same way with the Keith-O'Brien building; it will be the some way with the Kearns skyscraper. The foundation of what Mr. J. J. Daly has done, all came from the Ontario, Daly and Daly-Judge. The foundations of the Salisbury structures rest in the Bay-Horse mine and the Black Hills, so much of the great cathedral was due to mining, for, except for it, its erection might have been post poned for half a century. The beautiful Packard Library is but the treas ure of Gemini at Eureka Hill transformed; monu ments to mining are all over the city; others are beginning to take form constantly. There would have been no beautiful Stock Exchange without it, no new superb Commercial Club building, no Newhouse hotel nor theatre would be under con struction. To think how the city would look were all that mining has done and is doing taken away, fizn ' FOR REAL ESTATE Fire Insurance and Surety Bonds I I, , Realfrfote I i ousP nve5tment & I Incorporated. j "Paid Up Capital $10,000 Surplus $100,000 Phones 27 351 Main St JOHN A. KIRBY RUFUS K. COBB R. K. COBB & CO. Mines, Stocks and Bonds Mining Exchange Bldg., Salt Lake City, Utah. Members Salt Lake Stock and Mining Exchange. Orders Promptly Executed In All Markets. BRANCH OFFICES: American Fork, Logan, Utah; Pioche, Nevada SPECIALISTS ON PIOCHE Our now booklet on the Pioche District is now ready for distribution. Wo shall bo pleased to furnish you a copy free upon request. I n Thomas G. Clegg & Co. Brokers 208-209 Boston Building Bell Phone 5500 Mine and Mining Stocks. Specialists: Tecoma Min- ( ing District. National Bank Protection for Savings Accounts Four Per Cent Continental National Bank Successors to Commercial National Bank Capital $250,000 McCORNICK&CO. BANKERS i ESTABLISHED 1873 General Banking Buiineii Transacted Account Respectfully Solicited 1 1 1 j