Brakes for the Mineral Industry

IN discussing present-day business and industrial troubles we easily drop into the habit of clinical diagnosis. Talk of this kind, with its emphasis on suspicious symptoms and abnormal tendencies, makes us all morbid. As an English essayist has put it, we may thus induce a melancholy, temper that simply in-vites the ministrations of social and political quacks. It is far better-because nearer the truth-for us to recognize that our condition is in no sense diseased, that our body politic, social and economic, is suffering merely from growing pains; that America is not de-cadent-indeed, that any lapses from staid normality are traceable to the, excesses of youth. Our chief .trouble, then, is only that our industrial state is still young; it may be that we have been growing too fast. The growth in the industrial development of our country from pioneer days to the present time has been marvelous. Too many of us, however, take all this as a matter of course-we credit this record of American progress to our American genius alone. Too often we overlook the fundamental relationship between resources and progress-that man is aided and even guided by Nature. The fact is, social advance, indus-trial progress, national prosperity all have their ma-terial basis in natural resources. In furnishing the needed mineral raw materials to the great manufac-turing industries of the United States there has been no halt, but rather a general acceleration. No other phase of American activity can show-equal advance. As the decades have passed, the winning of mineral wealth has progressed from the role of a stimulus for western exploration to that of the foundation for nation-wide business. In 1890 the Sherman law was passed; since then the population of the United States has about doubled. Since then, too, thevalue of the annual product of the mines of this country has increased better than eight-fold-from 650 millions to 51/ billions of dollars. Since then the four largest branches of the mineral industry, which supply the iron and copper, the bituminous coal and petroleum-the bone and sinew and the energy of all other American industries-have increased their annual output nearly ten-fold as to value and six-fold as to quantity. Such a growth in the volume of mineral output must be taken as a true measure of the ex-ceptional service rendered by the mines of the United States. Not only is this a much larger country than it was 38 years ago, but its growing mineral industry has met demands that have been out of all proportion to the growth of the population.