Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1893-09-14
ARIZONAWARD
The Good Things of the
Union Headed This
Way--The Only Unde-
veloped Territory
-------
Toward Which Capital and En-
terprise Are Being Directed.
An Interview With Col. Thomas
Fitch Who Has Come to Get
front Seat In the Wagon.

pleased to learn that Col. Fitch will
make the city his home and will resume
the active practice OF law.
Aside from the genial and public
character OF the colonel there Is another
reason why his advent will be regarded
with satisfaction by those who know
something OF his career and that is that
his presence in any particular locality
is Immediately followed by an era OF
prosperity which though not dependent
upon his coming il evidence OF his in.
tuitiye knowledge of the whereabouts
Of prosperity. He has practiced law
successfully and made fortunate in
vestments IN Portland, Seattle, Tacoma,
Salt Lake, Virginia City, Reno, Tucson,
Prescott, Tombstone. Los Angeles, San
Diego and it may be said that he APP
pesred in each OF these places on the
first swell of the food tide Of good for
tune. He attained his highest reputa.
ton in this territory as lawyer while
a member OF the Prescott bar where he
was partner OF General Churchill,
though he had long before that earned
the title of "He OF the Silver Tongue"
Col. Fitch has also won fame as an
author, his Millionaire for One Day."
q story founded on Arizona life, having
received favorable mention by literary
authorities.
/ Ii is unnecessary to state that the
colonePs RepubIicanism is as steadfast
and self assertiVe as in his old days in
| Arizona.
lie was seen last night at the Com.
fmercial by q REPUBLICAN, reporter, who
Inquired as to the eastern situation.
Said Col. Fitch: 81 am unable to
say from a personal knowledge, since /
have come from New York in an indi-
rect way, by Puget Sound and San
Francisco, my objective point, though,
being Phoenix. Consequently | left
New York before the wildcat system of
banking had been adopted there--put-
ting into the eliot 81 900 worth OF clear
inghouse certificates and taking out
II 900 in cash. The situation, | sup
pose, is greatly relieved and will so
continue, but | don't think that the
financial legislation now in progress
will effect isone way or the other, for
the reason that do not think the ex-
istlng financial system was originally
responsible for the trouble.
The prospective economic change
was at the bottom of the trouble. An
ticipating the carrying out OF the an
nounced Democratic tariff policy, man.
ufacturers began 10 shut down, until
now since Cleveland's inauguration
800, 900 men have been thrown out Of
employment.
at is unlikely tqat the Democrats
desire to make any change or that at
the time OF the National Democratic
convention they hoped to obtain DOS
session OF all branches of the govern.
ment, but relied upon the Republicans
retaining control of the senate, in
which event the Democrats could offer
In excuse Tor failure to enact tariff re-
form, their former excuse, Republican
obstruction. But contrary to their ex-
pectations, and may almost say the
wish OF the administration, they are IN
full possession OF the government and
they have been taken at their word. /
do not think there will be any tariff re.
form | believe the result OF the e!ec.
tions in Iowa and New York will be a
reversal Of the verdict last fall and will
be SO accepted by congress.
'No doubt the Sherman law and the
impending financial legislation have
been contributory to the senseless
panic. To the New York bankers the
purchasing clause, piling up bullion az
4 basis for a money was as red flag to
bull they would have preferred fiat
money. On the other hand. as Presi.
dent Warner OF the Bi-Metallic league.
whom | recently talked with at Chi.
cage, puts it, the depression in prices
in all tines IL an instructive preparation
| for the adoption of a mono-metalIic
standard, system OF higher priced
money"
| Col. Fitch believes that the repeal Of
the sherman purchasing clause will be
followed by free coinage at the next
session.
Concerning the late stringency and
what now remains of it the colonel
said, II believe it will result in the
| highest benefit to Arizona. This terri.
tory and New Mexico are now consider
ed the only frontier portion. of the
Union. The resources of every other
have either been developed or the field
for investment is already filed. The
effect OF the panic has been to divert
capital from old and established bust.
ness and it will naturally seek an out
let. No better prospect for it's employ
ment can be found than in the unde.
veloped gold mines of Arizona and her
numerous and gigantic irrigation pro.
jects. believe the territory is on the
eve OF the most abundant prosperity
and, said the colonel smiling, that's
why I'm here; | want front seat in
the wagon with the boys.
"As to the prospect OF statehood |
only know what I've read in the papers
but hardly think statehood bill can
be passed at this session. Arizona's
geographical location indicates that her
senators would be free coinage men and
the gold influence in the senate will be
exerted to keep the territory out, In
conversation with two members OF the
senate during Harrison's administers
ton, ! was told that Arizona could then
be admitted II herinterests were pushed
in the upper house but they were not.
United States senators are Theoretically
gentlemen who lay awake o. nights de- |
vising plans for the coed Of the country
at large. Practically they are like