Arizona weekly citizen., 1885-04-11
ArizOna'S Opportunity.
[Gazette.l


 Any improvement in industrial circles at the eastern seaboard is encouraging to the people of the west-partiouiarly to those 0f Arizona Here we have many desirable fields for the investment of capital and capital Is absolutely Eeces- sary to the development of our rich re- sources. Capital, 1t is we'll knoTn, Is wary. During the late industrial and commercial depression more surplus money was locked up in the vaults of the principal eastern cities than has heretofore been known in the history of the country. The uninitiated would conclude that such a time would be the most suspicious for inducing invest Lnents m mines, railroad enterprises, irrigating projects, large stock ranges and other fields promising remunera- tive returns, which our Territory is so abundantly able to offer. But the ef- feet is exactly to the contrary. When capital finds its usual paths of invest ment unproftaOle, 1t refuses to embark in any strange fields, however promis- ing the conditions may be. Govern ment bonds and like securities are quickly taken up, but outside of this money Is withdrawn from circulation awaiting the return of the flood tide Ofmanuiacture,and commerce. ImmediR iely after periods of financial and busi- ness stagnaiiOD, like that which has been been expressing the country for four years past, follows a season of renewed activity and prosperity, particularly Tn the undeveloped sections of the west. When capital Is successful fl IS cOntin- ually seeking a wider range and new sources of investment. Arizona Is now m a better position to meet and profit by the business boom which is steadily moving from the Atlantic to the Pacific. The mining interests of Pinal, MaricopB and southern Yavapai counties were never m "a more inviting condition. The Qui. .otoR country is rapidly coming to the front and scores of promising pros poets, outside of the property being worked by the San Francisco companies, afford opportunities for investment and development into bullion producers. All along the line from Nogales to New Mexico there is an encouraging activity, while old Tombstone goes ahead with her output of bullion in a manner to en- courage Ike enterprises in other sec tons of the Territory. Mohave county Is an extensive producer and additional money will yield additional returns. In agriculture, the forfeiture of the Texas-Pacific grant opens to the capita Iist better field than ever before ex- isted. Fully a half-dozen irrigating canal projects, entirely feasible in them selves and capable Of retaining over 100000 acres of as fertile land as ever the sun shone upon, are being put into condition to warrant investment Many good stock ranges are still unoccupied, and If a system of prospecting for arts- sian water could be organized and made successful, the area that could then be used for grazing purposes IS compara- lively unlimited.
 This IS the present favorable position which Arizona occupies. and 1t is appar- ent that our opp rtunity for speedy ad- vancenent Is near at hand and. Rs peO- pie, We should not faIl to take advan- tage of the same. In doing this, how ever, 1t Is necessary inst we should ex- ercise good judgment, by encouraging the visitor and capitalist to embark only in enterprises and projects pretty Ger tain of good results, and by discourag- ing in every possible manner all "wild cat" schemes and swindling operations, which in the past have been serious ob- stGcles to our advancement. This Is "A luty which every citizen owes to hIm- self and to the Territory.