Abstract
Samuel Newhouse was a mining developer who used the fortune he acquired to develop a new financial center in Salt Lake City. Taking advantage of the siting of the new Federal Building, Newhouse commissioned twin eleven-story skyscrapers flanking a new street which cut through the city block. The new financial center which he envisioned was slow to attract businesses, and a decline in his mining stocks, reduced access to European capital, and competition from existing land-holders in Salt Lake City contributed to his bankruptcy. However, his twin skyscrapers and new street remain as evidence of his bold real estate venture.
Get full access to this article
View all access options for this article.