Los Angeles herald., 1909-12-18
AVIATION WEEK
IS BIG BOOST.
. SAYS MAGNATE
FORMER SENATOR w. A. CLARK
HERE ON VISIT
CONSIDERS COMING EVENT OF
GREAT IMPORTANCE
No Agreement Between Copper Inter-
ests, Declares MuIti-Millionaire
Owner of the United
Verde Mine
,I Walton week will center the

u attention of the world upon
Los Angeles and will do this
city greater good than any other pub
licity movement ever undertaken" said
former Senator w. A. Clark of Montana
yesterday as he sat in his office in
the Pacific Electric building advising
with his various lieutenants relative
TO the many enterprises in which the
Montana copper king is interested.
There is a vast interest in aviation
just now, and the attention being paid
aerial navigation is growing every day.
Los Angeles will be able to show the
world that Southern California is one
of the few places in the world where
aviators may have a permanent home.
believe It will bring thousands of
people to Los Angeles and will benefit
science as well as business men
Recently in France | saw some of
the noted flights. 1t is a wonderful
thing to see a tiny speck floating
around in the sky and to know that
that speck is carrying a human being.
When the flying machines begin their
flights in Los Angeles all eyes will
be turned upward.
"From my observation the Wright
biplane is the best Of all the inventions
for aerial navigation. There Is quite
They are being sold right and left.
1t proba bly, will be many years before
fving is more than a sport, but it Will
some day be one of the means of rapid
transit I believe.
"The United States is at present on
the eve of one Of the greatest eras of
prosperity II has ever known The
country never was in better condition.
Crops have been good and prevailing
haH tn loon nlpnfV
of money in circula tion. In the mining
world the production is not quite equal
to the demand. with the possible excep-
tion of copper. The zinc INDUSTRY is
being rapidly developed, especially in
Montana Heretofore zinc has been
little mined. because Of the refractory
character of the ore and the great cost
of treating II. These conditions are
being remedied. so that zinc mining
is growing in Importance every day.
Price May Advance
"Overproduction of copper is due to
natural causes. / believe ii will be
but a short time until the demand for
copper will be increased so as TO use
up all available. At present electro
lytic copper is quoted at 13ls cents
pound. This is low. Fifteen-cent
copper will allow a fine profit for
practically all producers.
"At present there is much talk about
n merger of the Cole-Ryan. Gugqen-
helm and certain Utah Nevada inter
ests This will not be trust. There
never has been a copper trust, al
though many statements to- the con-
trary have been ade. I believe am
in a position to know that there never
has been an agreement among the
great copper producers to regulate pro-
ductiOn or prices,
"I am personally not in favor Of the
central bank Idea. Our financial sys-
tenn Is not satisfactory at present, but
I believe the system will be regulated
shortly so as to meet the demands of
modern finance. The greatest prob
lem. of course. is finding a proper LAS
tic currency. This is especially true in
times of financial stringency. We
have passed some laws which may
bring this about, but, as they have
never been tried, we cannot say that
they are good laws and will meet de-
mands.
"The monetary commission which
has been at work so strenuously has
not vet found a remedy. I believe the
ideas gained by the commissioners,
when properly worked out will tend to
unravel the complex skein of Ameri-
can banking and finance.
"The central bank idea was tried
many years ago when conditions were
vastly different than at present. OF
course, I would not declare that the
central bank will be a failure for
there have been so many changes in
dustrially, commercially. and, in fact
every way since the failure o' the
old central bank. However. 1 have
strong apprehensions that the central
bank as proposed by some theorists
will not meet the difficulties.
81 should like to go strongly on rec
ord as being against bank guarantee
of deposits That to me is dream and
absolutely impracticable
"San Pedro harbor will assume its
rightful place as one of the greatest
ports on the Pacific coast when the
improvements planned there are COM
pieted. 1t will be the only real protect
ed harbor and the first port of this
character north of the Panama canal
Development of the harbor means de-
Velopment for Los Angeles and the
southwest. look for great things from
San Pedro. 1t has been one of my pets
for many years.
Should Prepare for Future
1.-THE Panama canal will open the way
for extensive trade. Los Angeles mer-
chants should begin thinking of the
future, and should be ready when the
increased trade facilities and possibil-
tiles
ut seems to me that San Diego, or,
better yet, San Pedro or Los Angeles.
should be the scene for the exposition
which viii celebrate the opening of the
canal. The canal is a southern project,
and Southern California should be al
lowed to commemorate it. San Fran
cisco is acting like a selfish big brother
in not giving the south all possible aid
for the fair.
LOS Angeles seems to grow over
night 1t was only last June that Wis
tied here and today as | look out of
the window I see so many evidences
of improvement that it positively aston
ishes me, look for an immense growth
In population in the entire southwest,
Los Angeles. in the coming
years. We are preparing for the future
on the san Pedro. Los Angeles & Salt
Lake railroad, and are spending a great
deal of money putting in heavy rails,
ballasting our tracks and improving
our train service. If I did not expect
raut'""Ad psaa rwa