Bisbee daily review., 1908-10-22
MERE HANDFUL
 OF OPTIM|STS
 WILL WIN OUI
They Insist That Conservatism and Sanity Will Mark Fu- ture Mining Operations and That All Is Well.
tMining worldl

Whenever the financial and ousi- ness world suffers from acute indlges ton as the result of frantic specuia- tive prosperity or pyrotechnic presi- dential eIecttoneering. the body poauc Is given an unusual dose Of words ol wisdom. The pessimist, encouraged by the shrinking confidence of dis appointed people, shows extraordfnary zeal to dscry the existing systems or banking and industry. and like a prophet is listened to attentively. No matter what. or how vital or insignifl- csnt may be the foundation of his prophecies. the pessimist will for a time furrow his path until the road of reason is almost unrecognlzaOle. Peanlexed and chagrined the confid- ing population seeks another prophet who shall tell it of a better future. and whose words will not echo discon- tent or disappointment.
 To listen to a handful of optimists on the shore of a surging sea of pessi- mists may not seem harmonious, but it is cheering. nevertheless. It re quires courage to try to swing the pendulum Of diversity in the oppo- site direction. The man-be he labor CT or captain of industry who can by his words change the opinion cur rent so that everybody, employed or unamployed will take new hope and become an optinnst, needs no intro duction, for his timely wisdom will put him on the pedestal where every one can see and do honor to him.
 America and all Europe nas exper- fenced the depression that will test the fiber of taeir financial and com mercial existence Already the United States is showing signs of recovery, which suggest renewed business ac- tivity before many months will have rassss
 As Mir. John Hays Hammond recent iy said: ''I look for revival in mining development on a far more conserva- tive basis than obtained in the time of tie boom" This conservatism is most desirable. and let us hope, as Mir. Hammond says. that "a large part of the money that will go into mining in the future will be realized by the small investors, who realize that when mining is conducted on a conserva- tive basis by responsible men it in wolves few risks and offers probabili- ties of large profits
 To anticipate that "a large number of irresponsible mining promoters will be eliminated from future mining en- terprise." as has been suggested by Mr. Hammond, is to wish with the power of an Aladdin's lamp. Certain state laws have been amended for the purpose of checking the fraud ulent mine promoter and stock seller, but so long as suckers" can be found the mining industry will have a pal sled arm. There is some satisfaction in learning. however, that some of the most daring culprits in mining finance have been sent to the penitentiaTy, and others will follow.
 A characteristic comment was re- gently made by vice-president of the Pennsylvania railroad when speaking of the returning business activity; il was: .Saneness is coming back The unrest of the last two years has given way to a better feeling and railroad officials of the country have begun tc see rapidly improving business condi tionS.
 Other authoritative opinions could be quoted to advantage, but when they have all been summed up there remains the same suggestions: Be op timistic to restore confidence, anC when business reyives be conserva tive