4
Uki.hna has organized a "Mining and Stock Ex
chaiign," a titlo which UMUiilly signifies b place whore
bulls mid War scramblo for Hxiils over a long lint of
Ux'k whose net mil valw licar no rotation whatever to
tho jiriwii for which they mo lxuight and sold. The
object of tho exchange iH not definitely stated, but the
iiiioMitiou in tlmt the organization in Himilnr to those
with which tin public nr fiuniliiir elsewhere. Tho ten
dency of tho iimtitutioii will ho to render Helena more
irtuineiit n a mining centre; yet it in questionable if
this will compensate for the evil of stock giiudiling which
will lxi faxtencd iiKn the people of tlmt section. What
proNirtinii the money nrtuiilly invested in legitimiite
mining will lwar to tho iimouiit lost in stiH:k giuuliliiig
mid wild cat scheme Unit inviirinlily thrive during min
ing utix'k excitements, cannot now bo estimated. The
domoralixiilioii of Hpeciilatiou in mining steoks, iih hIiowii
in the cjumi of Kan I'ruurixoo, hIioiiM miiko every city on
tho Const mow to inaugurate a system that has created
Much a condition of nfTairH iih that city Iiiih proxonted for
the piwl ten yearn. When tho brain mid energy of n city
is diverted from euiploymeut in legitimate ami productive
iiidiiHtrie mid devoted to tho pursuit of gambling, which
nlw include the fleecing of thouHauilH of hardworking
men mid women of their daily carningH, nnd the money
tlain acquired squandered in high living, instead of being
ummI in nui h n iniinner an to build the industries and
buNineM of the coiiiliuiiiily, then that city may expect t
mhi it Ntrei'tii filleil with hoodliiuiH, vice become rain
i . i i
liwy, nini it noon mi n wave 01 commercial depression
weHi over the country iU liinguiHhing huxinoxs and
Industrie ready to lly to hoiiio rival city where a more
healthy condition of Hffitim exixts. To prophesy what
would to-day have bwu tho condition of San Francisco
had tho uiiih Nquaudorisl in stock Hpeculatiou Immu per
mitted to remain in their natural chanuelH, in imiMixxihlo,
but that it would pnnent a marked contrast with the
pnnont in Uyoiu dispute. It in quoxtiouahlo whither
legitimate tinning neodx or in benefited by Much a tttimu
hint m stock nxvulalion, since iU tendency is to divert
capital miii invoxtiiicnt in the development of mines t
ii. :.. 1: 1 . 1 i 1 . 1. . .
iu nniiii fuk'm. 11 ix certain mat millionx
of dollar lmve Imvu uuk in slocks in San Francisco
while tho mine those xtot-k represented were not even
jxiying riiiiiiing ixmuwh mid had no proK(xvt of doing
smiii ine money inns taken rrolu tho xx-ketof deluded
ople, iimtind of Uing uhihI in tho development of iictual
miueis wm added to tho Uuk itxuut of tho men who
lumnpuliitisl tho "deal," or wan reckloxxly squandered by
tho broker mid few fortunate one who had accidentally
"in.l.. i;n;.... ii.. 1 . .
" k- ii win mine 01 uaiuornia were
wver .... tho tork UmnL If Helen ha organized
a millilli? IttiMf.l a ill, II. .It . .....
vy mm m.ling 111 tho Mlo mid develoi.ineiil f t
a It! 1 Mil-
ilmU ij tuliublo pn,HvU iu the tribuUry country, tlie
jwoplo will lmve occAnion U n-joiw; but if Ux gambling
w in-wiuo now mi nicideiiUl, and finally tho chief, feat,
ureuf Ihe orgwiwUou, Uiero k little ground uixm which
THE SPIRIT OF THE WATER. .
MANY long yenrs ngo a small tribe of Indians dwelt
in a beautiful valley bordering a stream flowing
from the Caxcndo Mountains into Pugot Sound. Before
them lny tho glassy waters, reflecting in their blue depths
tho rugged peaks of the Olympic. Kango, beinna wmcu
tho sun nightly hid his genial face, flooding them with
soft light and bathing the o'erhanging clouds in radiant
hues; while bold ml them rose the graceful timber-clad
mountains, dressed in perpetual green and crowned with
peaks of eternal snow, the first objects of Nature to greet
tho diurnal visitor in the morning and the last to bid him
ailiou as ho sank behind the western mountains and
sought his couch amid the billows of the Pacific
Simplo waB their life. In the mountains the skillful
hunters pursued the doer and bear, the waters of the
river and Sound yielded them fish of many kinds, the
graceful pines dropped nuts for their winter's store, and
lavish Nature filled the forest and grassy valley with the
most luscious of fruits and berries. Down from the cool
mountain tops stole refreshing breezes in the hot days of
summer, laden with the fragrant odor of the pine, spruce
and fir, while tho warm winds of the ocean repelled the
icy breath of winter. Over tho water glided their canoes,
their puddles scarcely rippling its smooth surface, the
(xrcHpauts bent upon tho pleasures of the chase, the pur
xuit of Hxual enjoyment, or testing in friendly contest
tho strength of their arms and the skillful wielding of
their paddles. Morn, noon and night came and went,
tho seasons passed, years ran into decades and decades
into centuries, without one thought or desire of these
simple people to chango in the slightest the order of
Naturo, or to improve upon the conditions of living which
had remained unaltered since the days of the progenitors
of their race. Now how changed! The waters of the
Sound are milled by tho huge hulls of ocean vessels and
tho dripping wheels of steamers; in the forest the echo
ing axo and whirring saw are performing tirelessly their
work of destruction; where once stood the Indian village
aro reared tho wooden and brick walls of a busy town,
whilo tho green meadows have blackened beneath the
plow. Tho giant peaks of white that crown the mountain
summits and tho great serrated ridge of the Olympic
Uange, tho woHlern gateway of the declining sun, immut
able through tho ages, alone Bpeak in familiar tones to
tho straggling remnants of those early dwellers by the
river. All elso is changed.
It was at some pernxl in these primitive times that
Mmuke, a stalwart and skillful hunter, lived with his
aged parents in a lodge by the bank of the river. By his
skill with tho Ixiw ho brought them game from the moun
tain; with his hook of bone he capturod the finny dwell
ers of the water, or transfixed the leaping salmon npou
us spear; berries, fruit and nuU he gathered on the
ullxides, and his parents blessed the Great Spirit who
had given . m M slrong of Hmb and gQod o
trom the wooing smiles of maidens he turned coldly
away least he be tempted to falter in the path of love
and duty to Lis paronta.