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Show . f - BUSINESS VS. SPECULATION. We have frequently called attention, in sneak ing of business conditions, to the difference between actual business and wildcat speculations. On the one hand i3 the man who works, either 'with his hands or his brain, and produces "something which the world needs. On the other hand is the individual who seeks to get something for nothing, by deceiving deceiv-ing his fellow men. There was a time when Wall Street dealt in -stocks which represented honest and actual value, and at that time the prices of those stocks was a fair index to business conditions. Of late years, however, this has changed, and in these days the stocks which arc dealt in on Wall Street are manipulated without reference to their actual value or business conditions, and solely with a view of separating a gullible public from its money. Within the last year the public has become wise in this respect and has refused to be worked any longer, with the result that the Wall Street stocks have slumped badly and the enterprising manipulators manipula-tors have come to grief. Meanwhile actual business throughout the country is more prosperous than ever before. The condition is well summed up in a recent issue of , Collier's Weekly in the following words: "The real business men throughout the country, coun-try, large and small, continue to offer a reassuring ' contrast to the Wall Street speculators. They continue con-tinue to look upon the. actual amount of wealth being be-ing produced in the land, and to nnv W n n 1 lncf I attention to the gymnastics in Xew York. Finding it easy to get what credit they need from their local banks, they are not troubled by any tightness at the financial centre. Even where business is dull, it is not depressed. Local causes, such as strikes, may cheek activity, but there is an expectation in all such places that( business will look mp as soon as I the temporary obstacle is removed. The business man . who is remote from the feverish gambler's atmosphere of Wall Street is likely to think that the only cause which could really produce depression would bo the failure of a number of crops in any I one year a real, in other words, and not an artificial, arti-ficial, cause. By such men are affairs throughout the land in the main conducted, and they are as stable and trustworthy an element as our population popula-tion has careful, industrious, in touch with actual products and real needs, and hardly a.ware of what Wall Street thinks. Theirs is industry which helps to make a nation happy. It is the labor from which contentment springs, and wisdom also. It is not the toil - Of VJropping buckets into empty wells, And growing old In drawing nothing up, as speculation -is As Booker Washington said, the other day, in his large and simple way, a man has gone far who has, learned the difference between ' working and being worked, and realizes that the ftrmcr,.is:a-.pririlege. We agree with Mr. Choate's plea that Franklin's homely lessons would be well for us all to take to heart. today. President Eliot r was in the same vein when he said George Washington Wash-ington considered more his duties than his rights. Xever did two-men belong more clearly to the industrious, in-dustrious, clear-headed, unspeculative business type of mind than Washington and Franklin did." What is said above of Wall Street applies with equal force to our local mining stocks. There are many good mines in Utah and mining has never been more prosperous in this state, but it is too well i known that mining stocks have loen manipulated on the local exchange by the same methods in use in Wall Street. Hundreds of thousands of dollars have been lost by investors to go into the pockets of the manipulators. The locnl public has also become be-come wise, and money which w:is formerly put into wildcat stocks is now being used for (lie building of homes, factories "and other enterprises which are a benefit to the community. |