Arizona republican., 1899-02-24
LETS INVITE CAPITAL.


 The history of every progressive
 state in this Union will show that out
 side capital has ever been c3urted. This
 is particularly true of western states
 like Colorado and Montana and the
 Dakotas where marvellous strides have
 been made as the r5s suit of solid induce
 ments to capital to come in and help
 develop rich natural resources. The
 state or territory needing outside cap
 ital that places Cbatructions in the way
 Of securing that capital does itself a
 wonderful amount of injuey. Capltal
 is conservative It will no longer seek
 out new countries and make indiscrim-
 mate investments as it did in the west
 curing the seventies. IL has learned
 it's lesson. and learned it well, and now demands safeguards and concessions as
 the price of it's employment Every
 man in Arizona who has tried to en- list foreign capital in home enterprises knows this to be true. Arizona needs capital to build railroads and water storage reservoirs and irrigating ca nals. To secure this capital it is nee essary that possible investors shall know that Arizona appreciates the good they can do and is anxious to have them get a foothold here. It is the policy of the Prescott Courier and other territorial papers to oppose tax exemption and discourage capital. This is purely demagogic and exerts harmful influence in the east, to which section enterprising people here look for the money to carry on the many plans that have been devised to bet ter our condition. For the benefit Of the Courier and those who accept it's statements we reprint an article from the Florida Times-U Union which shows that the enterprising people of Jack sonville appreciate the benefits that flow from tax exemption and are striv- ing to invoke them in the interest of new manufacturing establishments. We commend this article to the members of the legislature. What is good for Florida, an old esta tablished state, ought to be good for Arizona, that needs rail roads and storage reservoirs and many other advantages that capital only can supply. This is what the Times-Union says:
 ..The wisdom of the efforts looking toward making Jacksonville home for manufacturing enterprises occu- pied the attention of the board Of trade yesterday afternoon, particularly in the line of securing the authority by legislation by wlich taxation, city, state and county, may be remitted or reduced to such enterprises propos -ng to establish themselves here. The question was brought before the meet ing of the board by I resolution, int-o- duced by ]. M SAumacher, cOuched in tie following words:
 Resolved That it is the sense of this board Of trade that the business interests Of this city and of the state of Florida would be benefited by an in crease Of manufacturing industries at this point, and as q means to that end, it respectfully requests the Hon e. B. P Rogers. senator, and Hons. John c. L 'Engle and Frank Clark, representa- tivess from Duval county, to introduce in the next session of the state legisla- ture a joint resolution to amend the state constitution so as to empower the state authorities, the authorities of the city of Jacksonville and of the county of Duval severally, by agreement i'll writing, duly executed, to grant immd- nity from taxation for a period not exceeding twenty years to reputable industries that may hereafter locate in Jacksonville, or ii Duval county, where the bona fide cap ioal in leach instance is S25,OOO, or