The oasis., 1894-09-27
BUsHwHAcKING.

hliD true kutIllld luSlliiOt tht uNhh' ocratic convention took shot at the republican candidate from behind a bush by accusing him of yenal extra yagance and illegal expenditure of money in management of the terrltor- ial loan commission. The accusation appears as sort of tail piece to the platform, in which charge is made that it cost the territory S2s, GOO to sell s1, ,6OO, ,OO0 of ofterritorial bonds, of which expenditure SIS, ,000 was illegal. Every one who has given the bond transac- tions of the territory the slightest attention knows that it required three and one half years of earnest effort to make the sale, during which time con- gressional aid had to be invoked, the bonds engraved several times to satis- fy technical objections, and great many trips necessitated to eastern markets. It is also known, and can be proven, that Governor Murphy ex- pended far more from his private 
 funds than he ever was paid for the work. It is conceded too, that to him is principally due the credit of selling Arizona's 5s at par, and thereby estab- fishing an idisputable credit for the territory in the face ofmany obstacles and when many of the best fnanciers in the territory declared that it would be proper to sell the bonds at ninety five per cent, or discount of S75,00O, and even more, rather than not sell them. in order to reduce the territo- rvs interest account The fact re- mains, too, that the bonds were sold, and at par, and Arizonas annual in- terest account reduced s45,000.
 So it is plain that in the sale of the bonds Governor Murphy saved the ter ritory s7 ,000 and on the annual inter- est account the saving due his bril- liant financiering amounts to s45,- GOO, or on a twenty year loan to s9OO,- 900. It would strike the writer of this article that total of S2S, ,000 for so valuable a service is remarkably cheap; and so it would be anywhere but in a democratic convention seeking politi- cal capital.
 When we reflect that of the bonds remaining unsold the democratic ad- ministration has exerted it's best en- deayors without success for eighteen long months to make a sale, and at < heavy cost. it is safe to say that Gov ernor Murphy's expenditure of BPS, ,O00 will show greatly on the credit side when contrast is made. He expended money for a succcsss, and brilliant one. The succeeding administration has expended a great deal of money in the same line, and to date has been successful only in involving the terri tory in litigation.
 Of the amount expended to effect the very brilliant financial coup of Governor Mnrphy's administration, only a portion was charged to the ter ritory. The sum of s28, 1000 did not cover the full expense; the deficit la handsome sum of itself came from Mr. Murphy's own private purse. Of what was charged every dollar was legally ex- pended and was a legal charge upon the public treasury. To whatever compensation Governor Murphy took he was legally entitled, and it was en- tirely out of proportion to the magnif- icent services he performed and but partial return of his own money he had expended in this great public service.
 But just such busbwhacking on the part of the opposition may be expect ed throughout the entire campaign.
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