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Goodwin's weekly : a thinking paper for thinking people. (Salt Lake City, Utah) 1902-1929, October 05, 1912, Image 7

Image and text provided by University of Utah, Marriott Library

Persistent link: http://chroniclingamerica.loc.gov/lccn/2010218519/1912-10-05/ed-1/seq-7/

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I A Practical Proof.
The steady growth In ap
preciation of the investment
value of our 6 Secured
Certificates is well evi
denced by the Increas
i n g number of Investors
who regularly place their
surplus funds in these secur
ities. Throughout the years we
have been furnishing these
Certificates to the public no
customer has ever lost a dol
lar or waited a day for pay
ment of any principal or in
terest. Salt Lake Security
& Trust Co.
32 Main Street, 8alt Lake.
The Utah State
National Bank
At the clock corner
We rcHiicctfully Hollclt the necotint
of Amid, ImllvIdiinlM ami
Snvlngn Department mid Snfcty
Deposit noxet.
Joseph F. Smith, Pres.
D. C. Jackllng, VIce-Pres.
Heber J. Grant, Vlce-Pres.
Chas. S. Burton, Vice-Pres.
It. T. Badger, Cashier
H. T. McEwan, Asst. Cash.
C. H. Wells, Asst. Cash.
This is the first question asked by
those renting or buying homes.
A negative reply turns people away.
If the house is properly wired for
electric service, THAT is a big factor
in renting or selling it.
Builders are invited to confer with us in
making plans. Free advice by our ex-
perts is part of the service we render.
Call Our Commercial Department
Utah Light & Railw ay Co.
"Electricity for Everything"
Is an Important part of our suc
cessful trade In sterling silver.
It Is better than sale-talk and
personal Influence and tramples
our competition.
-xm.tLtuiiyf Our designs
Wld v ItfC are exclusive,
TJjrbd? beautiful and
M0 sZftsr1Z. reasonable.
Mining and Financial "
ALONE In Bingham" Is the title
an eastern mining journal
gives to the sketch now being
rendered by the Utah-Apex mine. The
title is appropriate for the Utah-Apex
has literally been alone as an active
producer since the beginning of the
miners' strike, but the operators do
not rejoice in the distinction which
has been thrust upon them. It is said
that they shlv.er at the thought of
publicity, preferring to blush unseen
and undisturbed by the strikers on
trie one hand and the body of oper
ators on the other. They have so
far kept on good terms with the
strikers by paying all that is ayked ux
the way of wages, and if the opera
tors have taken them to task for act
ing independently, the fact has not
been mentioned in print. The strike
really isn't the business of the Utah-
Apex. In the first place it does not
use the class of unskilled labor which
makes up the rank and file of the
force of strikers. Being an under
ground mine It does not need steam
shovelmen or 'many surface men. ItB
employes are skilled miners. And In
the. second place the Utah-Apex Is
operated chiefly by" lessees "whose ten
ure Is limited in time. It is all very
well, the lessees say, for companies
whoso ore will wait patiently in the
ground for them, to try to outgame the
strikers, but a day lost on a lease
means the loss of the ore that could
have been taken out on that day, for
the lease may be cancelled when Its
time is up, or the royalties may be In
creased. If the Utah-Apex were a copper
mine and run by Its owners tho prin
ciple said to be at stake might ap
peal more strongly and the principal
and interest less, but they don't get
much of the red metal at the Apex.
It Is chiefly a silver-lead proposition
and the operators can pile a fortune
up In tho bins to be shipped after
the strike is over, regardless of
whether t1 .ailroads are running or
not. The .ow-grade copper mines are
as dependent on railroad transporta
tion as they are upon miners, since
the normal production of ore would
soon choke all outlets If allowed to
accumulate. About 35 men is tho or
dinary force at the Utah-Apex. With
this crew the lessees have been tak
ing out some 50 tons of high grade
every day, and fifty tons of high
grade silver-lead ore with a bit of
gold in it represents some money
enough to make a wage Increase of 50
cents a day and recognition of the
-j union look like 30 cents, or less. Since
the letting of the lease tho fortunate
holders are said to have marketed
$150,000 worth of the line stuff. Tho
company has been making $15,000 to
$20,000 a month, according to tho of
ficials, "and has $100,000 or more in its
Showing in its earlier stages many
points of resemblance to tho first Crip
ple Creek strike, known in Colorado
history as the "Bull Hill War," the
J Bingham unpleasantness- has devol
oped along different lines and pro
duced some features all its own. One
of its unique phases is the payment
of a large number of Idle employes
by tho Utah Copper company for the
purpose, apparently, of having them
"stick around." It is said, although
not confirmed by the officials of tho
company, that a majority of the men
around the Garfield mills belongs to
this leisure class and that 150 of
Japanese laborers at Bingham, al
though out with the strikers, were re- i
placed on the payrolls when they be- '
gan to leave tho camp. The carpen
ters, It was said this week, were re
lieved of their workless jobs after
they had taken a stand against labor
ing under guard. No one, outside of
the management of the company,
knows the purpose of this liberality
and tho audience, consisting of the
public, is curious to see the curtain
rise on the next act.
An audience still wider, is puzzling
over the deeper phases of the drama
as presented on the stage of the stock
market. The shares of the companies
affected by the strike remain firm at
the ante-bellum quotations regardless
of the support that Is known to bo
bahlnd them, Although their losses
in dally earnings are very large. Can
it be, some observers are asking, that
the great copper merger so long pre
dicted, has been worked out and
brought to a point where the suspen
sion of a few units makes no particu
lar difference to the combination as a
whole? It is declared with consider
able vehemence In some quarters that
J. P. Morgan has turned the trick and
that the great copper-producing mines
already are virtually under one con
trol. If this theory Is founded on fact,
tho strength of copper shares is ex
plained, for no one with an Inkling
that the copper mining industry had
been thoroughly "organized" would
think of sacrificing copper shares on
account of a strike any more than he
would think of throwing away the key
to a cash-box becauso the key hap
pened to have rust on It.
If the old dictum that strikes are a
symptom of prosperity holds good the
country is coming into better times.
Tho list of labor diaturbances report
ed in the newspapers Is a formidable
one. The coal miners strike In West
Virginia, street car strikes in Duluth
and Augusta, Georgia, a chronic con
dition of strike in the New England
textile mills, the copper strike in
Utah, and the threatened strike of
the engineers on the eastern railroads
furnish all the symptoms required
now bring on the prosperity. The
theory mentioned is based on the
premises and that when there is lit
tle idleness there Is activity in industry.
Fares may come and fares may go,
but I go on forever.
The Victim.
Mortgage Loans, 1
Fire Insurance I
and Surety Bonds jl
At r $me I
Houston'- nveilroert I
Capital $500,000 I
Phones 27 351 Main St. I
One of the features fflflh I
of our new banking vjilllfi H
quarters will be the y&Yim I I
women s room. Ww$Sti H
- 11 I
Y7 U 'I J' H'
We have a special, jji'j mBl
, K l ill! i"fl I
convenient check- jl niiill H
u l t .. .. n Hi" JJ
book or our wo- ijllliiihrl
: minimi
men customers. llliilljljfl I
mW I
Bani here, fcp mail
National Bank of the Republic I
W. F. EARLS, Cashier.
E. A. CULBERTSON, Asst. Cash.
CAPITA I, PAID IN $300,000 H
Banking1 In all its branches trans-
acted. Exchange drawn on tho H
principal cities In Europe. Inter- H
est paid on Time Deposits. H
McCornick & Co. I
Bankers 1
General Banking Business Trans- H
acted. I
Accounts Respectfully Solicited. llj

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