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

the land. The farmers Of the c0un.
try will this year receive q. 900, OOO,.
900 for their products or about nine
times the total national banking cap
ital Of the United States; almost ONE
half as much Us the total investments
in all the railroads Of the country.
"Nevcr before In tho history Of the
country were the agricultural condi-
lions SO sound and solid. In 1890
the total value Of farm products was
~, 400, 100000 or practically little
more than one-third Of this years
produce. Even seven years ago the
total was only $4,717,OOO, 900 SO that
the difference gained In the last few
years almost equals the grand prod
uct Of this industry for 1900.
with such foundation for busi-
ness expansion and prosperity It IL
uncomfortable that the interests Of
the country can suffer materially.
New York has been the storm center
Of bad financial condition due In
part to the rottenness Of the methods
OF some financial operators, In part
to the destruction OF confidence by
ccaseless agitation against railroads
and other corporations. It II true
that the depreciation in securities
has been enormous and that thou.
sands have lost all by trying to sacri-
Ace securities, but nothing could be
more untrue than that this will A.
feet the fundamental condition Of
American business. We must re-
member that the man who has sacri-
feed his securities for less than their
actual value. has transferred to the
purchaser n property which, when
the storm Is over, must inevitably adj
vance commensurate with the marvel.
lous resources and development of the
country.
compared with conditions Of
1908 the conditions OF today are
startling. The farmers were bur-
dened with debt. Their products were
ut an exceedingly Improbable point.
Cotton, wheat, corn and cattle were
selling at less than the cost of pro-
ducti0n. Since then we have added
from 2O,OOO,OO to $4,000, 900 peo-
pie to our population. We have doub-
led and in many cases trebled the
value Of our manufactures and the
increase in value of agricultural prod.
ucts has been enormous. In spite Of
all this some Of our best securities
have fallen as low In price as they
were In 1903.
'The country at heart Is sound
and solid for Astounding prosperity
despite the disorder in connection
with Wall Street affairs. The
bOundless possibilities OF a country
with almost infinite resources are
before us.
''As the farmer sees his cotton or
his wheat decline In price through
the inability OF the banks to give him
the needed financial assistance, as
wOrkmen here and there are already
looking for jobs, while for the last
five or ten years the jobs have been
looking for the men, there will be !
brought home to them with intense
force that the agitators throughout
the land who have been fighting rail.
roads and corporations, instead Of
proving a blessing, have proven a
great curse. Every public man who
has taken part In this active agita-
Ion, who has stirred mp hatred against
who has undertaken to cure
APPENDICITIS by the knife
when the collie might have been cured
~ less drastic means, Is responsible
o the extent Of his influence for the
conditions which we now face. San.
ty, the avoidance Of Mysteries, su.
'reme confidence In his fellow.man
md in his country and It's uncqualed
esources arc the qualities needed at
he moment.
1.-THE American people have now
zen brought to point where they
must stop and think, and out Of this
I'LL come good, for am everything
'rovidence will enable us, to turn the
vii Of the moment into blessing.
'As l said before, this Is not the
|me for pessimism. This Is not the
me to look blue, nor to think blue.
his Is not the time to imagine that
ne conditions of the moment are
lore than temporary. We may mot
" brief period resume that tire.
lendous rate Of progress which was
vertaxing brain and body, but we
iall continue to market the crops
it'll which Nature has blesesd Ms.
9 shall continue our general manu-.
and mining interests, cur.