The Phoenix herald., 1879-05-17
NEW SERIES-NO. 20.
What are Arizona's other re

sources ?''
 Agriculture and grazing special
 ly. In inc river valleys are large
 tracts which will yield fine crops of
 temperate and semi-iropic products.
 I do not think they will produce
 more than will be necessary for home
 consumption In the foothills and
 mountain valleys are the grazing
 lands, capable ofprofitablyIustaining
 large herds of cattle, sheep etc. The
 mountains are heavily timbered with
 pine, oak, hcmlock and other timber
 When l speak of Arizona's mineral
 resources, the immense mines of cop
 per, coal, iron, lead, etc, areROt to be
 forgotten"
 How do you like Arizona as a
 place to live."
 From my own eXperIence, l must say that like it very much There
 is peculiar fascination and inde-
 pendence about life in Arizon not to
 be found elsewhere. The climate is magnificent, with the exception of June and July, when the heat is in- Suifcrable and intense. The climate is so dry though, that the heat does not so seriously affect one as a much lower degree would here The living is comparatively good and cheap. When capital is further interested there and the consequent develop ments begun, there will be vast field for every variety of human en- terprise, and Arizona will be capable of sustaining dense population. I am glad to see the interest aroused here by MT. Hess;ng's letters and the frequent interviews the papers are freely publishing, and hope to see the present excitement continue"
 Well, don't think the present excitement will amount to much or be lasting in its effects. As regards Chicago, it is more in the nature of d furry than anything else. You see Chicagoans have suffered so much in the past through wildcat investments that they are wary and distrustrul."
 To be sure, but that is not an un- answerable objection. If I am not misinformed, the business world suf- fers from over 90 per cent. failures, and our most prominent capitalists are bankrupted. 1 don't believe that the failures in inning enterprises ob- tain any such high average. More over, when mining enterprises do pay the returns from such are of vastly more rapid and colossal nature than in any other business. You will find that, with comparatively small of wildcat schemes, the nu- mcrous failures in otherwise legiti- mate mining enterprises can be traced entirely to incompeteney, ig- norance and miSmanagement. con- ,ider mining investments everyway, as legitimate a business as any other, if it is conducted on business princi- ples"
 "Perhaps, but at any rate Chicago capital is invested in Leadville."
 "Yes, I know, but then that is not 50 large an amount Besides, it only shows that there is capital here await ng such investments. Why, St. Louis has now more money invested Il Arizona than all that has been in- tested in Leadvine. believe it is that St. Louis and Chicago ,-tpital should he invested in Arizona t will be repaid hundred fold. Ari- .ona is as much tributary to these joints as Nevada and the Pacific Joast Territories are to San Francis %. Her machiney, the products of he manulactories and staple prod tets of these points, will be obtained .ere. In return, her products will eek q market at these points. Real zing this fact, St. Louis is evidently investing her capital and seeking to ontrol this trade.
 Well, it is time for me to go now Iany thanks for your information.