The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1908-01-02
THE BRIGHT SIDE.

THE BRIGHT SIDE.
For the following review of busi-
ness conditions, past, present and
future, The Miner IL indebted to Il.
f. O'Neil, president Of the State Bank
Of Commerce. During the past few
months Mr.. O'Neil has travelled ex-
tensiycly all through the country ON
behalf OF the different projects In
which he Is interested and during
these trips he has made careful and
analytical observations Of just how
things stand. The facts and figures
which are given In the following art
icle are absolutely correct and have
been compiled with the greatest care
and carefully checked.
1t Is to Mr.. O'Neil and his ass0ci-
ate, r. p. Spalding, that the Occur
d'Alenes is indebted for the construc.
ton OF the Idaho Northern railroad,
q project that will do more for Sho-
shone county than all the millions
Of dollars put together that have been
invested In the country In the past.
Accustomed to matters of finance and
never for a moment overlooking the
interests, small and great, Of his own
community, there IL not better quail
flied man in the state of Idaho to
speak ON present conditions and It
il with q double measure Of pride
that we offer the result Of MIR.
O'Neil's observations to our readers:
''Pessimism without foundation
that is the alleged, the only cause of
present business restriction and pub
lie opinion, always flckle and ready to
60 to any extreme however unwar-
ranted, sees only the dark background
OF the financial cloud and Its imag.
mary evils, gladly embraces them all
and converts them into grisly real
tiles.
identical conditions reigned dur
ing the latter part Of 1902 and the
early part OF 1908. For few months
pessimism held full sway and the
public could see only the holes in
the doughnuts. In a month or two
the clouds rolled away and people
were left to wonder why they had
thought the sum would never shine
again.
1--WE are in some little danger Of
similar attack now, but we should
remember that the sun Is still shin.
ing. the Wall Street clouds have al
ready blown over, and 1t will not be
long before every industry Of the
country will be overtaxed to meet
an ever increasing demand.
I'VE are apt to forget now, as we
did then, the expanding power of a
country OF 81, ZOO, 900 people incrcas-
ing at the rate Of 2,OOO,OOO year;
that we have seven times the coal
area and seven times the coal OF all
Europe; that we control the worlds
cotton trade; that our agricultural
product is worth $1,000, 600, 900;
that our manufactured and mining
products are worth $4,000, OOO, 900.
We forget that there are $4,000, 900
people to be fed, to be clothed, to be
transported-that there are $4,000
600 people whose wants are ever in.
creasing and whose abilities to sup
ply their wants are ever growing.
The luxuries Of yesterday are the
necessities Of today and even now
the railroads cannot handle the traf.
&c.
Lack Of transportation facilities
Is the great problem Of the north and
west today. A great increase in
rolling stock and I'm trackage Is nec-
pssary, but under present conditions
the railroads are unable to find
sAOACy WANAA WsAANlA " uu0uCC t1eSc
improvements. The conditions, how.
sver, are only temporary.
ut has long been predicted that
railroads will have to pay a higher +,
ate OF interest for money than in
Ormer years and they must adjust {
themselves to II. With this increase
d cost Of money and OF operations I
he railroads must be given the OPP I
II necessary, to increase 4
ather than to decrease rates.
1T II true that money cannot be 7
I'd 1t present, but II IL inconceiv. I
bic that tho people Of the country, n
no arc properly bitter In their de- q
nncjations Of Tie misdoings OF some >
sllroad maAaeers, are going to make v
impossible for the railroads to sc. v
~ tIas necessary money for in q