The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-10
THIS NATION IS
MUCH TOO FUSSY
Always Finding Trouble and
Always Hunting Funerals
to Attend.
SHOULD BRACE UP
AND BREATHE DEEP
w. B. Thompson Returns From
Europe With Something to
Create Thought.

w B. Thompson, we'll known In Utah
as director OF the Utah Copper. Inspira
tIon and Mason Valley companies, hos re-
turned from Europe with a more op-
tlmistlc view on the foreign situation
than was anticipated by a great many
OF his associates, He ls interviewed In
the Wall Street Journal as follows;
What Impressed me most during nv
trip abroad this year has been the i'm
mense revival OF trade. in England par
ticularly. but also in Germany. Reports
from Germany are of the best business
conditions that havo TO my. knowledge
revival OF business In England. notwith-
standing the latter's internal political
mixup, is having Its influence In the use
Of an unprecedented amount OF copper.
Our System Is Wrong.
IN both Germany and England, in or
der to protect their commercial and busi-
ness interests, the governments step In
and help their corporations, while In the
United States we are warrlns against the
success OF corporations and business gen
orally. English and German manufac-
turers are cxpending all their energies 10
get the trade OF the world, while here we
are barely holding what we have, not 10
say not getting any more. The world
today is going ahead faster than ever in
Its history and English and German
manufacturers recognize this fact and
are making advances by leaps and
bounds.
During my trip abroad last year did
not spend any time In England. Most OF
my time was spent in Germany and Rus
sia, ] am. therefore, In better posi-
tion to Judge OF the great advance In
English commerce and manufactures dur
Ing the past two years.
The Increased demand for copper is
occasioned by the electrihcation OF rail-
road terminals in the larger cities and the
more general use of the metals in nearly
all manufactures. Copper is used In al
most everything. over 10 per cent being
used In vineyards and orchards. which is
comparatively new use.
This Land Is Prosperous.
We cannot complain in this country OF
lack OF prosperity. Our farmers are get
ting rich. wage earners are getting 200
TO 400 per cent more here than In anv
European country. and yet our manufac-
tories and corporate interests are doinE
only fairly well One naturally asks
what Is the reason for this holding back
in the United States manufactures and
pspS To bt this nes Hess 4a ssrg is ony
bled with too much professional politics.
u IS my opinion that the wage earners
are beginning TO wake up and obtain q
right understanding OF the political sltua-
tion in regard to labor, commerce and
business generally.
Let as once get settled down 70 busi-
ness by cessation of political interfer-
ence and. moving ahead once again. I
believe there will not be enough copper
10 supply the demand In Germany and
England particularly the demand is eat
ing into the visible supply abroad This
applies 10 France and Belgium In lesser
degree
There is not much TO be said regard
inS the silver question az the present
time. executing that India is taking very
large quantities of silver. With good
CROPS and good conditions III India the
demand for silver increases. Last wear
India took over $90,000.000 In gold which
a few years ago would have meant an
increased demand for silver of Just that
amount That gold is now locked up there
and lost 10 the world. While the demand
In favor OF gold In India exists yet the
demand for silver is not decreasing but
there Is a decrease In the ratio"
Copper Situation.
Reverting again 10 the copper sltua-
tion' Mr., Thompson said that the present
price OF l2l cents Is fair average price
He concluded,
About 80 per cent OF the known iron
and coal supply OF the world exists here
IN the United States. and we arc produc-
Ing over half OF the entire amount of the
"orlc copper today. practically half OF
"hlch goes abroad. II seems TO me that
ii should DC the business or this gov
ernment. II necessary. 10 see that good
prices are obtained for these products
rather than that corporations should be
suppressed by legislative interference
Notwithstanding the present normal
Increase in our iron and coal deposits. !
beheVe that In loo years the present
known deposits of these minerals will be |
thing OF the past and the average life |
OF our present known copper deposits Is |