Arizona weekly journal-miner., 1894-10-24
FACTS ABOUT THE LOAN CoMMIs-

FACTS ABOUT THE LOAN CoMMIs-
 SION.
 It is to be doubted if there is a single individual in all the territory Of Arizona, Ben and brother Frank included, who believe the charges preferred against N. O. Murphy in the democratic plat form, and being reiterated on the stump by Arizona's attorney gen eral. If Governor Murphy had violated any territorial statute, or if Frank Heney believed that he had, Heney as attorney general would long ago, long before Mir. Murphy was nominated for congress, have commenced an action at law against him and his associates on the loan commission. NIT. Heney has the reputation of being most vindictive partisan and he has never failed on the slightest pretext to prosecute a man who has been guilty of, in his eyes, the dual crime of being a republican and a repub- liean office holder. If Frank Heney had his way he would send a man to the penitentiary or to the scatfold tor being a republican, and he certainly would not have deferred action for eighteen months against Governor Murphy, if he had thought that he was guilty of violating a statute of the territory.
 The fact is that Frank Heney does not believe his own utterances. No one. so we'll as he, knows that they are absolutely false. No one, moro than he, knows that he had that plank of personal Villifcation against Oakes Murphy inserted in the democratic platform, for politi' cal purposes only. He knows, and every one who has read that plank knows, that if it were true, that if Governor Murphy had been guilty of violation of any law, that this plank in the democratic platform convicts Frank Heney, of neglect of his sworn duty. The fact that Franf Heney has not commenced any action against any member ot the loan commission, only evidences the other fact that this plank simply con,icts him of willful misrepresen- tation of republican candidate.
 This proposition in regard to violation of law seems so self evident that no further argument on that point seems necessary. That plank in the democratic platform is a falsehood pure and simple, and was placed there only to deceive. There is then one and only one charge that can be made against the loan commission, and that Is possible ex- travagance. Mir. Heney himselfin his speeches. seems to have abandoned the arraignment of N. O. Murphy, which the democratic pla form con- tains and is now arguing from the standpoint of extravaganza.
 Let us examine this point. The sum total of the expenses of this commission during Governor Mur- phys. as well as previous admins trations, in placing these territorial bonds was, according to democratic figures, about S26.OO0. The amount of bonds placed was Sl,50O,0O0. The expense then in round numbers was about one and two-thirds per cent. Let it be remembered that the bonds were sold at par and the territory received face value for them less this expense of the loan commission.
 Hon. John Y. T. Smith, as honor able and honest a man, as lives in | Arizona was territorial treasure when the funding bill was paesed. 1 His testimony is that after adver- Using these bonds for sale, as pro- vided by law, the best bid that they r seeived was for 9 cents on the dol lar, or a discount of five per cent. This would have cost the territory on discount alone S75,000 or nearly three times the total expense charged by the democrats against the loan commission. In addition 10 this S75,O0O, the expense of en- graving and other incidental ex- psnses would have run it up several of dollars more. Had the commission simply advertised these bonds for sale and sold them To the highest bidder, or for 95 cents on the dollar, and at loss in discount alone to the tax payers of of the territory of S75,00O our demo cratic friends would probably have been satisfied and would not have been able to make these serious against Oakes Murphy.
 But Mr. Murphy, having the in- D- D-,-o,. Gear, R,k;,o po,,.dsr