The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-01-21
THE EAST Is CONFIDENT.

The feeling throughout the cas-.
aid middle west is one oil growing
confidence. In Chicago the banks
have returned to a cash basis and the
,,okers report growing demands for
al classes of mining shares This Is
s,,hstanfially the way the entire east
stands. and the confidence is backed
nv rood conditions in practically ey-
cry line. The News has repeatedly
,~edicted since the slump that the
financial reversal would have as It's
M, in feature the frightening interest
in mining issues.
AT the time of the Knickerbocker
crash in New York, people rushed TO
thr postoffice for money orders, which
were made out to themselves, pre-
ferring a non-interest bearing asset
10 the savings banks. But this was
only one of the symptoms. Ferreted
ont more thoroughly, it has been
found that there was really no loss
OF confidence, but a decided change of
heart. The return of better business
coalitions brings to light the fact that
the people propose to have greater
voice in their own affairs and that
they demand greater voice in the
management of their monetary mat
t1s. The banks and the large cor
rorations do not meet the popular
ideas of security, nor are they likely
10 attract the masses of wage earners
ond business men as heretofore. The
nanic developed the fact that public
opinion is neither formed nor con-
rolled in Wan street, State street or
La Sale street, but rests with the
en- and women who attract less at
tention.
In the small agricultural communi-
les, these matters are discussed in
their true light They are shorn of
their mystery and their glitter. This
is also found to be true among the
workers in shops, factories and Offices,
when real problems concerning the
individual are dealt with. This per-
sonal opinion, aggregating more in
import than theass anininns. OF the
sr-,a~ers or the heads of large insti-
tntions, all tends toward a proclama-
ton of financial independence. It is
Impossible, under existing conditions.
to find that independence in railway
projects, public service corporations
or huge industrials. Banks are nm.
popular as general thing, as invest.
ments. Agriculture is more of a ner.
hal undertaking, although still DOS
sessing opportunities far beyond the
others cited. Mining is peculiarly
suited to the ideas of investors. and
now that mining is operated on a
basis of honesty and ability. il
reaches the average individual as a
good chance, il not at all times as
an investment.
This is the keynote of the return
Of business prosperity, and it will be
found to be a very strong factor in
the affairs of the land in 1908,
Then panics can be caused by the
of vast affairs, and
when the public finds it is contribut.
irg to the possibility of that manipu
lation without having a just share
in the returns, that same public is
icing to have more to say about the
uses of it's money.
Confidence and prosperity do not
imply a continued support of condi-
items and institutions that take FROM
he public. The average Garner of
money can still feel confident of the
general good of society, and such
hfidence is better than peculiarly a
rambling kind. The east feels that
Kings are better and that this bet
must be along comparatively !
Independent lines.
HE MARGIN SYSTEM AND BANK P
CONTROL. :,