The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1902-09-06

in the commercial vista g,e i'm
mediate future or even a more
advanced period Tat 81 can
coucisve Of can discount tie now
conditions
Investments OF individual and COM
bined capital were never before SO
widespread, so vigorous. 50 comprehen-
sive o. natural and artificial resources.
These Investments, aside from their
magnitude in the fact that they
are IN practically no instance specnla-
tive are ia themselves solid and incon-
trovertible indications to the commerce.
al future Western and eastern capital,
individually and III combination a
significant part Of it capital that has
long lain dormant seeking invest,
ment in the south and west. SOUTHERN
capital is being sunk in northern
enterprises Western money Is eagerly
being 10, ated in developements from
the San Juan straits 70 san Diego from
the Golden Gate % Salt Lake city.
Eastern finances are helping it and
the coast Il alive with moneyed men
from the middle west anxiors for
investments Tie activity, present
and growing ~ manufactpre is such
that 10 can find 40 preoeaent for com
parison Transportation compaines, next
perhaps u banks the keeuest. most
persistent and most intelligent students
Of the commercial futue, are expanding
their lines everywhere. The great
packing concerns are Fastening the
increase II their facilities % supply an
inevitable Unprecedented demand
The great steel and iron producers.
vastly increase ID number aud capacity
within the era Of the present pro-
sperity, are woefully unable 70 keep
pace with the demand and their line
Of output are imported from countries
TO which in times Of average prosperity
the steel and iron concerns export
their wares.
The enumeration might be continued
TO include practically every line Of
industry OF commerce. An element
Of Importance III its current and
prospective activity lies ia the health
ful increase in population. growing
greater and greater day by day.
through native birth and by inn
migration Already the domestic
demand and that from countries which
are increasingly dependent mon the
United States tor their necessities tax
the productive natural and artificial
resources Of the nation. The require
ments Of the population acquired by
Immigration are added and in sucn
measure as TO attempt even an APP
proximate calculation would be futile
The prosperity has spread over the
northern line. Canada never before was
SO prosperous as now. Her railroads
are radiating III haste throughout an
her territory her resources are develop
ing in snch progression as never
before was known. With it all Canada
mas acquired healthy Independence
that insures her prosperity. despite
4 frail wall ia the way Of lumber !
.ariff that has been erected for the fair |
protection Of orr own interest by the,
wise Legislators Of the States
The men who are furthering the
Of enterprises. the develop
nent Of resources. are men who modi-
wing their actions by all precendent.
nave made possibilities ana probabilit-
es their life long study Largely they
are the young men Of the commercial |
world, who are now in charge Of |
Of moment and who have
-elegated old fogyism and ultracon.
'ervatism 10 the backgrounds. Their
lctiyity il in no way speculative. It
: therefor gross aifront to the
Intelligence of such men, as IL Is to the
ntelli gence Of even the casual |
student Of affairs to believe that they
ire rislxing their financial resources
because Of unwarranted enthusiasm.
n through other Influences than so.
,er comprehensive and wise knowledge
# the certain trend 81 the future
There is an element is every feast that
'spires to be the fly in the ointment.
Z is the pessimist The present
ind the future serve him in no way
lndhe must feed on his own pessimism
Failing in other directions he repeats
mis- shibboleth, "Wall street. - There
vas time when Walls steets smallest
hurry was a grave consequence. The
lime is no more Institutions are
100 we'll established to be- seriously
shaken by the eccentricities OF the
enter Of gambling, The last argument
Il the pessimist is futile. He is
cousin to the element OF socialistatic |
tendencies. one that. having nan0th |