Arizona weekly citizen., 1883-01-07
EAT EnAnC

RAILROADS.
 The Phenix Herald expresses the fol- lowing opinion upon the question of railroad Legislation in this Territory:
 The volce of the Territorial press IS for lenient legislation toward railroads; even n those sections where railroads now exist the disposition of the people IS to be lenient. From those sections Of the Territory that railroads have not vel penetrated the temper of the people IS decidedly marked in their expression that railroads should be given chance. Central Arizona goes for the railroads
 The furthe- advancement and devel- opment of Arizona depends upon se- curing more railroads, competing lines and short branch lines connecting the various mining camps with the through lines, rather than in cheapening rates. The present rates, while they are high compared with those in more populous sections, are still large reductions from the cost of transportation and travel by bull teams and stages, to say nothing of the advantage in ease and comfort and time saved
 The CITIZEN does not believe the in- teres;s Of Arizona demand at this time any restrictive Legislation upon rail roads On the other hard we would use the high maximum allowed here as an inducement to capital to invest in ex- tending the railroad system of the Ter rltory. The parties interested ID the Port Lobos road obtained Q concession from Mexico allowing them to charge ten cents per mIle for passenger tariff They considered that that would be ar inducement to capital to embark in tn, i enterprises
 TRe only way capital can be secured | for investments in the Territories, fai from the mouIed centers, Is by the prom ise or prospect of large returns for then money. If We talk a mining proposition with a promise of ten per cent on the in vestment We get no takers. It IS onll because of the prospect of enormous re | turns. that they consent to the invest meut. So t is with the money lender Ten per cent. interest would bring bu ] little money here except tO secur- lonl time public securities such as iu tn, ! East draw from four to seven per cent. | but two and three per cent. month Il an lnducement. No man sould come {, Arizona and engage in any business, l i' was not with the expectation that hl profits would be greater than elsewher' Arizons's future depends upon the con tinuance of this inducementto lmmigra- tion and capital Take away b. legis { lation or otherwise, that stimulUs tC enterprise which the promise of larg profits gives and it would paralyze ever. industry m Arizona
 Arizona has neither the capital no the enterprise to isolate herself ana work out anindependent existence. Cap ital must be had for every species of in vestment. Capital by the hundreds, tn thousands and the millions must be in vested here before our resources can b fully developed. All our industries ar, in their infancy, there is plenty of room for their expansion under liberal pol icy upon the part of our people and ou law makers.
 Wa dasira +, Gaa tbe I,aoisIaturp Dur sue a broad and liberal policy sucl as will continue Arizona as tine mos favorable field for the investment of cap ital. By that policy we will secure pop ulation, railroads, manufactures ant money to develop all our latent Tt sources. Restrictive legislation neve brought prosperity to any section O ] country