The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1908-06-06
LESSONS m PANlc
POOLE ASSIST IN sAiNQNs
ABOUT FINANCIAL pepstEss'osA
LOCAL wEIfARs NEGLECTED
During Prosperous rshes, provlssen
for the Future 70 H,~ored, and
Natural Laws Afterward tx
act the Penalty.

ness OF the Jnlkeu 0thteS mas III
creased in greater ratio than the pop
ulation. The wealth OF the country
has also expanded in a like manner I
Alarm has been expressed IN the pub
lie press and from the rostrums as to |
the danger OF the mammoth accumu- I
lations Of wealth by few IN control |
OF different industries. Great stress is |
laid upon tho contention that In these !
vast accumulations OF Individual
wealth there are elements that men,
ace our free institutions.
How came about this aggregation
OF great wealth Is question that
suggests itself What particular con-
ditions allowed the aggregation OF
such pyramids OF money? Money is
merely a representative OF value, a
medium for the exchange OF COM
moditles necessary in civilization. The
values represented by money have as
their standard labor. service, bene-
fits. That there IS danger in the Sc
questering of the circulating medium
OF the land and IT'S equivalent in prop
erty. cannot DC we'll denied. lie who
gains great wealth By exceptional or
superior talents and by honest effort
IN combining circumstances TO work
20 his advantage. is as much entitled
to this wealth as IS the toiler whose
ability to do IS limited to the earning
OF few paltry dollars daily But II
Is what can he done with vast wealth
that is the question: II cdn be used
for either good or evil It depends
upon the individual who possesses It,
/ Money Is a power for good as we'll as
I being "the root OF all evil"
During the past decade the United
I States has never been more pros
porous. Within the past few months
there has been financial stringency, a
reaction and a swinging back Of the
pendulum in compensating way.
This to the logician Is merely the re-
suit OF the workings of natural law.
The hnsbandman does not always ex-
pect under natural conditions equal
crops. A succession OF large crops
covering a period OF four or five
years Will most likely be followed by
poorer crops for a season or two
Financial successes as we'll as panics
alternate. There is a period OF prog
ress beyond the ordinary and then a
decline. But II IS possible for natural
laws TO be directed IN a manner e
better serve the people. Such wizards
as Burbank. understanding the laws
of Regeneration and properly direct
ing these laws, has brought into exist
enco highest perfection IN plant life
By 4 like exercise OF high intelligence
lit IS possible to control the accummu
lations Of wealth. or rathor 20 contro
the distribution or wealth and to pre-
toct against socalled panics.
The United states has S6,O00O0O o
people Three.nfths of these people
reside outside of large cities an'
towns. With prosperity coming 4
them they have been neglectful OF
! duty TO the sections wherein they re
} side. and have allowed systems &
; withdraw to the large financial cen
} tiers their surplus earnings Thes
] earnings have found their way as IN
J vestments in large corporations. Thes
. large corporations. which give strengt
! and stability 20 the country I'm a con
, mcrcial way, by manipulations o
. those in control OF them, by stoc
gambling and other forms OF specul'
ton, have evil elements which attac
) the stigma of dishonesty 10 great con
! bnations for control OF industries.
+, While tho per capita prediction I
wealth within the United states ha
T been great. It IS evident that Oh
Z masses az those who have created
by their labor have not received the
fun quota OF compensation. For Til
The workers themselves are TO blam
they have assisted along the unequ'
J. distribution OF their earnings by Il
noring simple principles OF economy
and by 30 doing they have helped CO.
centrate the wealth of the land In n
hands OF comparative few. WEI
:. the money invested and spent In u
: large cities by the people OF agricr
!, tural communities, invested In loo
enterprises. Just so much would hay
!, been done TO guard against concentr
: ton. Were the millions sent 20 u
: arge cities for goods, that might
well be purchased at home, retain'
I, within the communities where the dc
: Jars were earned. the distribution
!, wealth would be more equitable.
Thus II can be seen that the pr
ducers. the workers. the masses
the agricultural districts have car
v lessly assisted IN bringing about co
). dltions bordering upon panic Deprt
J. sion IN financial lines works 20 q
i. ietrimont OF the poorer classes. Wh'
r. there IL a scarcity OF circulatiI
r medium. prices are forced to the 10
i. ast level Thus those with money &
/, buy NJ lowest prices. when q
D nmdulpm swings the oihe say a
4. values advance. iho fortunate X
.asor 81 wealth Who lnueht In Is
market finds his weaish Increased,
panics can be averted BY the mass
- 8lf 4nulss nronar Judgment be used Ill