Relation of Anti-Trust Legislation to Conservation of Mineral Resources

VOLUMES have been written about the organizing genius of American industrialists. American methods of production are being studied by the manufacturers of other nations to ascertain the prac-ticability to foreign adaptation. Mass production and the mechanization of industry have become terms of popular understanding and significance. Our people think, act and talk in terms of economic nomenclature. Under these circumstances is it not a matter of supreme importance that Americans themselves should make an analysis of their own situation? National supremacy has been but a transitory event. Wealth has had no fixed abode, and commerce has followed no permanently established route. One hundred and fifty years, viewed from the abstract idea of time, is but a moment in the fact of continuous or successive existence, yet it measures. the cycle that has witnessed the growth of America from a struggling embryonic union of thirteen colonies estab-lished along the Atlantic seaboard to the nation of un-rivalled proportions, vast wealth, huge enterprises and productive energy that now exists beneath the protec-tion of and renders allegiance to the flag that but then had been created. To appreciate fully the significance of what has occurred, it is necessary that there should bee an understanding of the basic factors that have con-tributed so largely to the realization of our present situation. Among the most important were: First, the establishment of a government that was founded upon the principle of affording the widest pos-sible opportunity for individual effort and accom-plishment. Second, there existed a virgin territory of vast extent, endowed by nature with elements of potential wealth far exceeding that possessed by any other like area upon the globe.