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purposes. The country must be safeguarded against the overexpansion or unjust contraction of either credit or circulating medium.
CONSERVATION
There can be no greater issue than that of Conservation in this country. Just as we must conserve our men, women, and children, so we must conserve the resources of the land on which they live. We must conserve the soil so that our children shall have a land that is more and not less fertile than that our fathers dwelt in. We must conserve the forests, not by disuse but by use, making them more valuable at the same time that we use them. We must conserve the mines. Moreover, we must insure so far as possible the use of certain types of great natural resources for the benefit of the people as a whole. The public should not alienate its fee in the water power which will be of incalculable consequence as a source of power in the immediate future. The Nation and the States within their several spheres should by immediate legislation keep the fee of the water power, leasing its use only for a reasonable length of time on terms that will secure the interests of the public. Just as the Nation has gone into the work of irrigation in the West, so it should go into the work of helping reclaim the swamp lands of the South. We should undertake the complete development and control of the Mississippi as a National work, just as we have undertaken the work of building the Panama Canal. We can use the plant, and we can use the human experience, left free by the completion of the Panama Canal in so developing the Mississippi as to make it a mighty highroad of commerce, and a source of fructification and not of death to the rich and fertile lands lying along its lower length.
In the West, the forests, the grazing lands, the reserves of every kind, should be so handled as to be in the interests of the actual settler, the actual home-maker. He should be encouraged to use them at once, but in such a way as to preserve and not exhaust them. We do not intend that our natural resources shall be exploited by the few against the interests of the many, nor do we intend to turn them over to any man who will wastefully use them by destruction, and leave to those who come after us a heritage damaged by just so much. The man in whose interests we are working is the small farmer and settler, the man who works with his own hands, who is working not only for himself but for his children, and who wishes to leave to them the fruits of his labor. His permanent welfare is the prime factor for consideration in developing the policy of Conservation: for our aim is to preserve our natural resources for the public as a whole, for the average man and the average woman who make up the body of the American people.
ALASKA
Alaska should be developed at once, but in the interest of the actual settler. In Alaska the Government has an opportunity of starting in what
