the other, but especially the people of the arid and the semi-arid regions, the people of the great plains, the people of the mountains, approach the problem of taking care of the physical resources of the country in the spirit which has made Utah what it is. You have developed your metal wealth wonderfully; and your growth is not a boom growth—it is a thoroughly healthy, normal growth. During the past decade the population has doubled and the wealth quadrupled; and labor is employed at as high a compensation as is paid elsewhere in the world. Although you are not essentially a mining State, in the last year you marketed thirty millions’ worth of ore; and again you showed your good sense in the way you handled it; for you paid five millions in dividends and you invested the balance in labor and surplus. The effort to make a big showing in dividends is not always healthy for the future. Here you have shown your wonderful capacity to develop the earth so as to make both irrigated agriculture and stock-raising in all its forms two great industries. When you deal with a mine you take the ore out of the earth and take it away, and in the end exhaust the mine. The time may be very long in coming before it is exhausted, or it may be a short time; but in any event, mining means the exhaustion of the mine. But that is exactly what agriculture does not and must not mean. So far from agriculture properly exhausting the land, it is always the sign of a vicious system of agriculture if the land is rendered poorer by it. The direct contrary should be the fact. After the farmer has had the farm for his life he should be able to hand it to his children as a better farm than it was when he had it. In these regions, in the Rocky Mountain regions, it is especially incumbent upon us to treat the question of the natural pasturage, the question of the forests, and the question of the use of the waters, all from the one standpoint—the standpoint of the far-seeing statesman, of the far-seeing citizen, who wishes to preserve and not to exhaust the resources of the country, who wishes to see those resources come into the hands not of a few men of great wealth, least of all into the hands of a few men who will speculate in them; but be distributed among many men, each of whom intends to make his home in the land.