Arizona republican., 1893-04-30
Valley--Case of Devel- = opment vs. Boom.
Bank Buildings and Mammoth
 Irrigation Enterprises.
Ostrich Farms, Electric Railroads and Eleotrio Light Plants Being
 Made by Denver Capital Here.

prise of Denver capitalists has become ssynonym for Prosperity in the west and southwest. Wherever there are nines or agricultural lands to be devel- cped, or industries to be established Denver has been to the fore. They sel. dom make mistakes, and when the en- terprising men with money looked out from Danver over the southwest and saw the beautiful and productive Salt River valley, of which Phoenix ia the center, they said there was money in investment. They are showing their faith by their works. There has heen on aggregate of $10O, 900 of Denver cap ital placed in this valley since January of the present year. That does not mean that $500. 900 mas merely changed hands tn Phoenix real estate; for ;he town lot yender Is not the biggest man in Phenix by . good deal. 1t means that this money has been invested in lands and industr es which will add to the development of the valley as we'll as the town. There is still mJre coming q and It will not stop coming for long tune, for there is an i~mense quantity oi productive soil, which with irriea- sion will produce wealth of fruit and grain that will astonish even the invest. ors. The subject of irrigation is at- tracting the attention of intelligent men who are backed by the means to make 1t successful. The Salt river which flows down from the northeast aud mingles its waters with the Gila at this point, contains sufficient water :o furnish an estimated reserve, which if boxed up and set aside VII irrigate hundreds of thousands of acres. This reserve process Is one of the industries which wideawake capitalists consider . safe and sure investment. There are hundreds of miles of irrigating ditches md canals now in operation and the Lumber will be largely increased.
 Probably one. tenth of the farming lands nave hen developed. The other nlnrstenihs is as good soil as that which is now productive. It is mere matter ot computation that fl one-tenth will support Phoenix, a city of more than 10,0O0 people and several towns besides, ten.tenths will do ten times as much. There is no question ss 10 the future of this town or it's neiyhbora, or of the fruit and agricultural lands adjacent.
 Money will develop industry, and men of brains will put their mon' y where it will do the most good. That this is 6 place where investments can not fail is evidenced by the fact that the greater bart of the arabic lands are undeveloped. When boom strikes a town which has no resources it becomes . boomerang, and the only results is the filling the pockets of few real estate schemes. PhGnix has its share of real estate promoters and dealers, bat the growth ot this town wilt de. pend upon the development of the country, and not upon the O ly tones of the dra or in r. al estate. The msn with the c rner lot has his mission, but he is mt the only missionary.
 There gre some notable instances of what Denver capital Is doing here, and as proof of the fact that all that is be. ing said of investments in Ph1nix and the Salt River valley is not mere talk and boom the names of some of the in- yestors are here being given.
 J. A. Fleminy. who is so well known in Denver as . cautious, careful in. vestor. is in the banking business, and is now preparing to put the Phoenix National bank in a substantial four story building. After investing i2I O0n in ground he has the plans ready for the erection of . brilding which will cost $lU5.0O It will bs an ornament to ths city aud an evidnce of his faith in he growth of the valley.
 Unarles Edward Major, treasurer of the Maricopa Investment company, is a Denvrr man, who Is manager Of the company here. He is well known in Denver buisness circ es as young man oi energy, and retains that reputation here.
 A. E. PieTc,, representing the Denver Phoenix Land and Improvement com rany has just closed up deals iur $25.- t0l worth of business property and $50. Q Q worth Of outside fruit lands. MT. Pt rec is c Colorado pioneer. He built one of the first log cabins on Cherry creek in 1863. He has watched and been benefited by the growth of Denver snd he knows good town when he sees it.
 Ounce X Harvey, contractors, have put $l5,0OO in city property. Frank Walker has bought corner bu-ine-s she for Si7,500. A.. c. Craig, W. E. Green'ee, George W. Drake and the Rev. William Bayard Craig. of the Sonih i,roHd way Christian church, are among the Denver people who know a good thing when they see it. Malon b. Thatcher. the Pueblo banker. is here with an eye to business chances. Judge Lynrh and l. Il. Spiiker, of Leadvilie, and W. I. Boyd of Denver, are others. Sohn T. Lonelion, the discoveror of the famous Mendota mine at Telluride, and once ,he owner of the Mendota block in Denver, now e wealthy resident of Sat Lake, has bought valuable piece ol Phenix property.
 General A. J. sampson, . Denver man. now American Consul at Juarez, Ua Nexico. took run down here when h, discovered that Grover Cleveland ad beeh elected president of the Uni. ted states, and purchased forty sores of 6ne land As soon as Mir. Cleveland sns.li relieve the general of his portfolio hv sii vome here and make his home. The general has reputation in Denver aa soldier and . lawyer. He will fetch bis repu atlon and his family and enjoy continual sunshine on his gray hairs.
 Iranyiile Malcolm, whom everybody