Biography of Samuel Newhouse
Utah Biographies





SAMUEL NEWHOUSE
Ask the ordinary citizen of Salt Lake City what one man is doing more than any other man for the commercial and industrial advancement of Salt Lake City and Utah, and almost without hesitation the answer will be, "Samuel Newhouse," And while history alone can declare the correctness of the impression, certain it is that Mr, Newhouse has been both energetic and successful in his endeavors in behalf of the inter-mountain region, As a mining man, Mr. Newhouse knows the business, from the work of the day laborer in the stopc to that of financing the immense enterprises necessary to produce on a paying basis that most stubborn of all metals - copper. In that industry he has surrounded himself by a staff of able assistants, And he has ever been ready to branch out into new fields, where he has been uniformly successful, or to try new methods, where also victory over the refractory forces of Mother Earth has come, though the experiments may have cost many thousands of dollars,

But it is not in mining alone in the West that Mr, Newhouse has shown his faith, or that hem has made money. The wealth that after years of toil and hardship came to him in abundance, has neither been hoarded nor been invested where it would benefit some other part of the country, In Salt Lake City Mr, Newhouse is known as the first man who had the energy and the faith in the city sufficient to build a real sky scraper, He built two of them, He has invested heavily in residence property in the most beautiful quarter of the city, He is building a hotel to surpass anything of its kind west of the Mississippi, His energy has interested him in all lines of business in the city, and he has won success in all in which he has been interested, Better still, such is the reputation for business acumen which this man has won in the money marts of the world, that he is able to attract an immense amount of capital to Salt Lake City and to the upbuilding of the industries of the inter-mountain region,

Identified though he is with the West, and almost its every mining field, Mr, Newhouse is a product of the East, He was born in New York City, in 1854, and educated in the public schools of Philadelphia. He read law for a time, and later had ambitions in the journalistic field. It was as such that he came to Colorado, in 1879, but he soon turned his attention from the Leadville newspaper to the freighting business, and thence it was but an easy step to the mines, where he won most success,

In 1883 Mr, Newhouse married Miss Ida H, Stingley, of a Virginia family connected with one of the signers of the Declaration of Independence, who later became president, In 1885 he became most definitely connected with the mining business, and a power first in Colorado, and then in the entire inter-mountain mining sections,

His interests being most closely connected with mining fields, then new, Mr, Newhouse found Salt Lake City more central to his properties than Denver, and he came here in 1896, having gained control of his first great Utah property, the Highland Boy Mine at Bingham, now incorporated as the Utah Consolidated. Of this company, Standard Oil later secured the controlling interest, at a price, it is said, of $6,000,000, Mr, Newhouse's interests now include such well known names in the mining field as the Boston Consolidated, the Newhouse and Cactus mines, and the town of Newhouse, Utah: the Newhouse tunnel, at Idaho Springs; the Denver & Inter-Mountain Railway Company, and in addition, numerous mining properties in Colorado, Utah and California, He has extensive real estate holdings in New York as well as in Salt Lake City. He has business offices in both New York and London, and his name is one to conjure with among the financiers of the world's capitals. as it is among the hardy mining men who are wresting wealth from the interior of the Rockies,Mr.

Mr. Newhouse's public spirit has led him to take part in many of the activities of the city and State, He is a prominent supporter of the Commercial Club and of the Mining Exchange, and it was through his liberal donations that these two organizations were enabled to plan and erect suitable homes for themselves, He is known as a liberal giver to charity, but is not ostentatious in this respect, To his friends he is an amiable and pleasing acquaintance as well as a man of remarkable ability, and versatility in ideas,

Mr. Newhouse has a beautiful home on South Temple Street. the architectural beauty of which has made it an object of admiration to stranger and citizen alike.

From:
Sketches of the Inter-Mountain States
1847 - 1909
Utah Idaho Nevada
Published by: The Salt Lake Tribune
Salt Lake City, Utah 1909


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