White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-05-28
ADVANCE WAVE
Of PROSPERITY
NATIONAL COPPER BANK OF
SALT LAKE SEES IN CURRENT
CONDITIONS THE SUNSHINE OF
BETTER TINES.

Through the courtesy of Mr.. II. n.
Byrne. cashier of the First National
Bank of Ely, the News is in receipt
of the Trade and Finance" letter of
the National Copper Bank of Salt
Lake. The letter gives a short re-
view of current conditions, the gist
of which is to show the steady i'm
proyement going on through the
country, and the advance of prosper
ity. Coming from a bank of the ma
ture of the National Copper, one of
the big conservative institutions OF
the west, this review is well worth
reading and taking TO heart. The re-
view follows:
In reviewing present conditions
throughout the United States and
the intermountain region, we are
reminded hat all progress, all
growth, is relative. The asparagus
plant, or the mushroom. appear to
outstrip the redwood tree. but which
becomes the giant? All great move
ments must proceed slowly and with
caution. There must be pauses in
our commercial life.
We are a volatile people, rising to
the heights of extravaganza in oul
belief in the future prosperity of our
land, or sinking into dependency
as we view with alarm" the OBJ
stacles which appear to block M
way. The rate decision; the uncer-
tainty as to procuring a reciprocity
with Canada; threatened tariff re-
vision; the trouble in Mexieo-all
mere incidents in themselves-seem
to have halted temporarily the prog
ress of our great industrial concerns.
Yet greater questions are being set
tied quietly every day. Seeds are
springing TO life in the soil, new en-
~terprises are forming for future
growth, education is advancing. We
are moving onward. VI scarcely
anticipate that business in general
will advance at a great rate during
the succeeding eighteen months. Our
growth will rather resemble that OF
the giant redwood-natural. healthy,
wholesome and lasting. The prin-
cipal factor in evolution is time.
Caution and conservation are not
pessimlsm. They are simply the
brakes wisely furnished to retard un-
due acceleration.
The Supreme Court has said that
the Standard oil Trust must be dis
solved within the succeeding six
months. We do not think that the
decision will have the effect of in
creasing or diminishing the wealth
Of the country by the measure of one
dollar, as the various companies
composing the trust will undoubted-
ly continue their operations, and
from now on in compliance with the
laws of the nation. The opinion rem
dered Is undoubtedly an able one,
and its immediate effect upon the
market is to give It strength and
~buoyancy. Other giant combina-
tons are. by this decision, shown
that operations which have the eff
feet of putting an unreasonable re-
straint upon trade will not hereafter
be tolerated.
Locally we are expanding every
day. 1t Is impossible for US to do
otherwise. Prices may rise or fall,
business may slacken or accelerate,
but our steady onward and upward
progress al not be stopped, regard
less of what we as individuals may
think, say or do. We are a new
country. with all of the latent ele-
ments of greatness. Geology teaches
that the hidden treasures of III
mountains and the depth of the soil
In our valleys were ages in forming.
II will require long decades for US
to subject these to our material
uses. We must produce more abund-
antly OF our raw materials before We
greatly advance our manufacturing
Industries, and before We come into
our own we must certainly become a
united people.
NOM. -