Show World Reconstruction Program Will Demand Huge Quantity Metal tt This Expected to Insure Western Mines ines Profitable Market for Many Years RILE UrLE to optimism Utah mining men today aro aLo on tho tim anxious W WHILE vy f scat they thoy await with tho the keenest c. expectancy tho the developments of the immediate future Although tho the general impression is that tho the great mining industry of oC r the ret is on the tho ova ovo of perhaps tho the biggest ig era of prosperity in in its long hon lion honorable past yet vet just what may happen in the next few months is is problem problem- Mical Further r reductions in the prices of tho the precious metals aro antici antici- with possible dull demand But the tho matter of present importance is the tho length of timo this anticipated calm may drag on Sorno Somo Opine that it will rill bo be but hut a D. few months less optimistic predict a year or so 80 o of moro more or 1 le less 3 chaotic conditions Nobody knows This matter not only is of keenest significance to tho the owner of oi mines Jut hut it is of personal concern to the mine manager who ho is after a n. reputation for economical handling Jing of his property that each h year may wind up with as excellent a n display of profits as is compatible with tho tim situation Then too i it cuts close to tho miner who desires steady and remunerative employment With ith metal prices and the will call for tho products of tho the mine extremely dull it means reduction of forces force and possible cuts in tho the daily wage In this Wa way there is scarcely a man or woman in tho the State of Utah today who is is not Directly or indirectly interested in the smooth running of the big mino mine fly fly- heel in the business machinery of tho the commonwealth Hero is an nn in industry which which is producing new wealth in this state at nt the h-ato h of to every overy twelve months Last year tho the output out- out put of precious metals reached the big figure while hile this year it is expected to drop to the other This indicates a decrease of upwards of in illie comparison of the two years In the matter of dividends too the tho indicated indi decrease this year as compared with last is approximately These two hu huge e items tell their tale talc of adversity faced face by the mines of Utah in the past year car The general causes in tho the decrease were war ct calls colls Is for formen men and mone money mounting expenses and the inroads s of influenza in tho the camps Improvement in in nil all these lines seems assured for the immediate or future This being the case here at least is a bright si side e to which the Utah miner may turn for comfort I The future world pro program of or construction nn and 1 reconstruction la Is what h f vitally affects the mining Industry When hen tho frightful ul war W was 9 on th trie th mInes poured a great Ireat steady y stream stran am In that direction now the war Is over the Ithe mines will Ill turn this stream to peace pence construction That for years ears there thero has 11 s been bean general neglect along llong these lines oven aven In tho neutral countries Ie declared while whilo the belligerent nations almost cea ceased e 1 to do 10 anything but butI I Ii i I build up and supply the h huge ge war machine Buildings contemplated years ago ngo will now b be erected throughout this country and In othor other countries electrification of ot railroads s will be bo taken up on a largo large scale bridges will vill bo be built and the mammoth merchant marine Is a thing thinS of tho future futuro llor tor the United States Even E painting of or a million houses has been postponed from year ear to year car an and 1 this alone will require a a. tremendous amount of ot lead Silvers Silver's future futuro is 15 assured according to International authorities Gold willbe will willbe willbe be be called for In unsatisfied quantities for tor the reason that In iii tho the past paz four credits and amI issues of ot unprecedented amounts have o been tho the order Back Backof of ot much of ot this It Is the tho policy to have a powerful gold reserve e But relative to the world construction program of or the tho future on which the mining men of ot Utah and every other mining state look for tor their future S W. W Straus Strau of ot Straus Co says Bays In tho weekly letter Issued a e. tow low days ago aso huge n Future Futuro developments de In the building building- and construction industries as well as as In all nIl lines of or trade must of at necessity shape shape- themselves cs according to labor conditions Th There ro is a disposition in some somo quarters to look for a a. drop n n wages and nd a n corresponding recession In tho the prices of ot commodities As a ro- ro emIt cult some somo hesitation exists In general business All 11 fundamental condition both economic and political 1 point to a 1 continuation continuation con con- of ot tho the present levels for wages war and md tho the co cot coit t of or living Fear Foar that American business will be he placed place 1 at a disadvantage 0 owing to the tho mp o cheaply paid labor abroad 1 does doeR not seem cem to ho bo well founded Whilo there thera will be no permanent revision downward In American wages th there ro will be a steady i revision upward in Europe I Labor conditions of ot the tho near future futuro will wilt most lII likely ely be bo based on a uni- uni versal hour eight day n in all countries both European an and 1 American n. Thoro Thore r of ot course In Isolated Instances be reductions from present prices whore hero tho tho profiteer has forced force 1 tho the public to pa pay abnormal costs Now that tho tha war Is ls s over oyer thero Is no longer nee need 1 for tho the bonuses and excessive overtime overtime- charges that to labor in Industries were ero paid plants shipyards an and 1 where conditions were acute but it seems improbable that tho the general aver nver I lago tage Rge sc lo of ot wages will permanently recede from om present levels Rebuilding tasks both In Europe and America aro are prodigious Secretary recently reported that there W was s Immediate need 1 for or now buildings In England Franco France and Del Belgium glum while In this country there thoro aro everywhere evl evidences o of prospective building projects on a larger scale scalo than ver er before approached In addition to these concrete evidences of ot abnormal activities and con- con of ot present prices it must be borne In mind that tho the war has brought revolutionary changes changeR In the tho mental attitude and political status of ot the masses of tho the people in all nations Tho The ten tendency enc of or all humanity Is toward a higher state of ot development do and better standards of ot living HYing which will willever ever eYer vcr continue continuo as tho the processes of or education fulfill their work vork Another definite result of ot tho the war Is that the tho practice of ot thrift will be bea a fixed feature In the economic existence of ot all countries Not only must t overy man practice thrift but his condition of ot lifo must bo such that he can canI I practice It If tho world goes on Just t as It did before tho war with great numbers of ot people in all countries coul living In conditions of ot deplorable poverty poverty- conditions that make difficult then difficult then we wo cannot sa say that all the tho Issues of or this war war r Have liwe been rightly settled But our ictor victory has hns been giorl- giorl ous and the tho progress it means meant in tho the larger International affairs will bo reflected In better ln living conditions er c everywhere Unless tho the triumph of ot America and tho allied 1 nations means tho of ot living conditions for or the millions minions of ot those In all countries who ho have havo been underpaid underfed and who have havo been given little or no educational ant ad advantages os 1 and md to whom lifo has meant nothing more moro than n a dally daily fight for food tood and 1 shelter wo we cannot sa say we have reached tho the ago of ot real democracy The Tho world WorM long has witnessed tho the cruelty and arrogance bf bt autocracy and it no now has como to understand that tho the day of or tho autocrat is ended h ho no he the tho ruler of or a nation the employer of ot labor tho custodian of or groat roat C c wealth v the tho labor leader or the wIelder of ot political power Tho Ideals for tor which the war was fought aro are those that must rule In politics in business Sand ind In personal affairs And thoro thero can bo ho no democracy whore where there thero Is no f for r reckless waste and extravagance b by the strong simply means menns a shortage hortage of ot tho necessities of or life ure for tor tho the weak What Is wasted by one ono man is 13 needed by by another If humanity 13 Is to experience the tho permanent benefits benefits' of its sacrifices and translate Into the tho deeds of ot Its dally daily life lite the tho lessons It has hae learned In tho the war then the practices of ot thrift both national and indi vidual must become a Q lasting factor Any analysis which has for its object tho the probable economic developments of or tho Immediate futuro future also must Incorporate tho the fact that tho the war Is do- do I a better botter understanding and a n. closer affiliation between capital 1 an and Jabor than ever eyer before Among all men mon there thero has been beon fostered a a. broader more tolerant and more moro humanitarian viewpoint Th The lines JInes ln of ot social caste and nd class distinction aro are becoming less loss definitely defined Mankind at last i has hns sot its face toward tho goal of real brotherhood and It IB to moving swiftly to that end This IB Is the tho age o of tho of ot nations tho the era of ot broad t politics the tho and the aeroplane all of or which are aro bringing the peoples of or the tho world into conditions of or closer relationship If It one ono 18 Is to Judge correctly tho the trend of or future futuro business events those eon must bo ho accorded significance It should bo be remembered also that the tho prediction of ot a R. continuation of ot the tho present wage waro Bo scale l and prices of ot commodities Is la not as ns radical a R. forecast n an Ag might At t first appear Prices PrIceR seem high only onh b by comparison and ence enc ha has hae shown that the trend of ot wages and tho the cost of ot living has always boon been upward They Thoy seemed Boomed high h with the tho attainment of ot each now new level 10 Similar experience lence will follow present con conditions and wo we e shall adjust our our- Balvo to th the present ran range ranKe KG of ot high values |