The Ketchikan miner., 1907-11-09
THE SENSIBLE VIEW OF IT
Seattle Star. ]

New York is not the industrial cent CT of the United States. The remaind- CT of this great country is not depend ent upon New York for prosperity. Although the prosperity of New York affects the prosperity of the country to some extent, the prosperity of the country is not governed by the huctu- ations of the money and stock markets in New York. The prosperity of the country stands on broader basis; on the basis of the production and con sumption of the entire country.
 The United States, and especially the Pacific coast region, was never more prosperous than today. This prosperity is in no wise due to the New York money and stock market it is due to the activity of the produc- CTS all over the country who have de- veloped the resources of the land and secured their wealth in return.
 The money kings of New York are not the producers of the land; they are those who gamble for the wealth produced by others, and New York is their gambling ground. While the remainder of the country is busy pro- ducing wealth, New York gamhles for it, and # the gamesters are pinched in their own game, there is no cause for alarm on the part of the real pro- ducers of the country.
 That the present panicy conditions are confined to New York, the home of the great financial gamblers, is in itself suspicious. The average stock gamblers panic is manufactured and there is every indication that the present financial furry in New York has been produced by the financial in- terests as part of their program to discredit President Roosevelt and make his policy of trust prosecution unpopular with the people. Ever since the President inaugurated that policy, the trust magnates have been predict ing that panic will result. President Ripley, of the Santa Fe railroad, which corporation is being prosecuted for rebating, was the last to cry pan ic, but few days ago. As panic could not grow out of present business conditions existing in the country, the hurries which have shaken the New York stock and money market during the last few days must be of the man. ufactured variety, inaugurated to make good the predictions of the trust financiers.
 Incidentally the Standard Oil con- tngent has utilized the occasion to get even with Heinze and other ene- mics, but the prime object in these manipulations is to stampede the fol- lowing of Roosevelt and create a re- actionary sentiment in the country. What will follow depends upon the people of the country themselves. If the people allow themselves to be frightened into panic, even the finan- cial barons who are brewing the trouble could not stem it. But it would seem that the people are too enlightened to allow themselves to be constantly played as the puppets of the financial kings of the country. All that is necessary for the people to win their fight against trusts and swollen fortunes is to keep their heads and not allow the frenzied fnanciers to frighten them into panic.
 There is no cause or excuse for pan ic in the West, the Middle West or even in the east. All that is neces- sary is for the people to realize that stock panics have no bearing on real and that panic is not the result of business conditions, but of fear bred into the people.