The Ketchikan miner., 1908-02-01
THE EAST Is CONFIDENT

The feeling throughout tha East and middle West is one of growing conf deuca. In Chicago the banks have returned 70 a cash basis and the brOk e-s report sro~ins demands for all classes Of mining shares. This Is sub ..aniially the .ay ths entire East stands, and the confidence is backed 5y good conditions in practically every line The Record has repeated ly predicted since the slump that the iusncial reversal would have as it's main feature the heightening interest n mining issues.
 As she lime of the knickerooeker crash in New York. people rushed 10 ihe possofHce for money orders. which were made ou. 70 themselves prefer ring no1-interess bearing asset 10 the savings banks But this was only one ot the symptoms Ferreted ouE more thoroughly, it has been found that there was really no loss of conf 3euce. but decided change of heart. The return of better business conGi- ,ions brings to light the tsct that the people propose 10 have greater vOice ID their own affairs and that the? de na1d greater voice iu the management of their monetary matters. The banks s1d the large corporations do not meet the popular ideas oi security, nor are they likely to attract the masses of wage earners and business men ss here sofore. The panic developed the fact that public opinion is neither formed nor controlled in Wall Street. State street CT Ls Sale street. but rests with the men and women who attract less attention.
 h The small agricultural commUni- ties. these matters are discussed iu iheir true light. They are shorn Of their mystery and their glitter. This Is also found to be true among their workers in shops, factories and offices. when real problems concerning the individual are dealt with This per so1sI opinion. sggregssing more in import than the opinions Of the bank ers or the heads of large institutions. zII tends toward 2 proclamation Of financial Independence. Is is irnp0ssI ole. under existing conditions. to find that Independence in rsiIsay projects, public service corporations or huge iodustrisls- Banks are unpopular as 3 general thing, as investments. Agri- culture is more of 3 perso1al under taking, although still possessing op- pOrtUnitIes far beyond the others cited. Mining is peculiarly suited to the ideas of investors, and now that
 mining is operated on 6 basis of hon. esty and ability, is reaches the aver age individual ss good chance. if not as sIl times as serictIs an investment.
 This is the keynote of the return of business prosperity, and it wIll De found to be very strong factor in the affairs of the land in l91s. When psnics can he caused by the Tnauipula- ton of Fsst affairs, and when the pub lie finds iG is contributing to the pos sIbiIity of that manipulation without having just share in the returns, that same public is going to have more to say about the uses of its money.
 Confidence and prosperity do not imply continued support Of condi- tIons and institutions that take frOm the public The average earner Ol money can still feel confident of the general good Of society, and such con- fdepce is better than peculiarly g gambling kind. The East feels that things are better and that this better meDt must be along c0-cpcratiseIy iD- dependent lines. -siining Record.