Arizona republican., 1896-10-11

The Anglo-American Canaigre com oany is another great corporation that will spend hundreds of thousands of dollars in this valley if the Nation stands on a sound money platform. This company several months ago in- vested several thousand dollars in the valley, but further progress was stayed on account of election, for the company would not invest another dol lar in the event pf the election of a freo silver president.
 The company intends to invest one million and half dollars in this valley. They will buy all the land available for their enterprise and will | also erect a factory and put in plama that will cost $2O0ooo. giving steady the year round to from seventy-fve to 100 men. This is not a visionary scheme, for the capital is all subscribed by English and Ameri- can investors and the initial part of the enterprise has already been start ed. This is food for reflection and those who have not looked closely in, to the financial question can readily understand that millions of dollars will be lost to us and our most vital interests will be killed if president is elected who will carry out the pro- visions laid down on the Chicago plat form. &Ett
 The Rio Verde Reservoir and Canal company is another large enterprise that means much for this country.
 The company has untold wealth back of it, but it remains to be seen how much of this wealth will be invested in this valley. Over a year ago the initial work of lthe canal was started and its final completion depends on cir cumstances that need not be men toned
 Already s200,000 has been spent on the canal and it will take between three and four millions to complete it. The canal will reclaim 25O, ,OOO acres of land on this side of khe Hassayampa and 150,000 acres on the other side Up to within few mondhs ago work was steadily progressing, but what stopped the work? The solution is plain. It is owing entirely to the fear of the possibility of the country going to silver basis, and nothing else had any effect towards stopping the work. The company securities had been sold with as tight a contract as could be given, but when the silver craze had reached an acute stage Eihe purchasers of the securities would not put up the money until the financial question was settled. That the election win have a great effect on the future intentions of the company cannot be disputed and anybody can see that lthe silver agi- tation prevented the com pany from proceeding with the work. In regard to the future plans of l.he corporation nothing can be safely forecasted, but
 it can be safely predicted that if the country is placed on a sound financia,
 footing once more one of the largesd
 irrigation enterprises in the west will
 be completed within two years, an6
 thousands of acrs of the finest soil 1T
 the world will be under cultivation.
 Then again, the canal will employ
 until completed from 800 to 2,OOO men
 and the largest part of the money
 earned will be spent here. While con
 struction work was being prosecuted
 on the enterprise Phoenix felt ths
 benefit, as all the supplies and ma
 terials were purchased in this city
 That is now gone from us and it re
 mains for the future to tell whethe
 it will be regained. The enterprise, o
 course, will not be abandoned, but tn
 resumption of work depends largely ol
 the result of the election.
 l w. J. Murphy of the Arizona I'm provement company prior to the con vention held at St. Louis, had severa important deals on hand, which wer
 stayed until the convention adopteI the platform favoring sound money He said that if the convention ha adopted a free silver platform Eh deals would have fallen through. The promoters of the s. F., P. & I railroad promised that the road woul be extended from here to Calabasa via Florence and Tucson. Those wh do not know, ask, tWhy have the not extended the road? What is th cause of this delay?''
 The reason why Eh eroad has nc