Arizona republican., 1904-12-25
R F. AL F. S T A T E AND FTNAN CIAL


and Mesa. the Buckeye country with the town of Buckeye, the Arlington settlement, Scottsdale east of Phoenix, Glendale, Alhambra and Peoria to the northwest, and all connected by an un- broken area of prosperous farms, green pastures and other acres yet waiting for the touch of the husbandman.
 Phoenix is the immediate center of this vast area as we'll as the me tropolis of the territory and the other towns mentioned are all equally pros rerous and important to .the cOmuni-
 ties of which they are the center. What will come to Phoenix and the valley as the immediate result of water storage and cheaper transportation can barely be mentioned in a general way. There will first be intense cultivation of this agricultural area and a corresponding export of produce. There will be fac tories and ali manner of payroll enter prises i'll addition to the already quite pleasing number There will be a small army of railroad men, employed in of flee and shop and train crew. There will be beet sugar ana canning factor ies. elevators, packing house etc. And more than that there will probably be ore reduction works and certainly large machinery houses, supply houses, etc.
 Necessarily Phoenix will become in far greater measure a financial center. .An industrial country is a country of banks, trust companies, investment concerns, etc. Phoenix is already well provided with safe and conservative financial institutions and more will follow as the field widens while present banking houses will assume an ever expanding importance.
 The people of the Salt River valley have finally learned their first and greatest lesson, cooperation. Twenty years of effort, honest but mostly futile, fitted them for acceptance of the doctrine that came as a final issue but a saving one. It materalized first through the organization and support of a board of trade that accomplished fruitful results and that gave the need ed encouragement to a greater move ment eliminating in the securing of the TOntO storage enterprise. In like man. ner the people are moving harmoni- ously for the attainment of other ob- jects and they will be achieved with greater facility. Upon the heels of the storage project came local encourage ment of railroad building. above re- ferred to. The building of the Tonto freight road followed. The lesson learned, all other things needful will come when the time is ripe by the ap- plicatiOn of the same principle. Re suits are not yet sensational but they are noticeable. Property values are now twenty-five percent higher than they were eighteen months ago. And more notable fact is the feeling of se- curity, sOlidity. Men who cannot get fair prices now, except in isolated cases of necessity, snaps if you please, are willing to wait. They can afford to wait for a sure thing. The Salt river valley has become thoroughly innocu- lated with the Los Angeles idea and there is just fever enough to indicate the viriIity of the virus. Profit taking maybe depended upon at least until prices double present valuations. But profits will be paid only to policy hold CTS. Any deed to Salt river valley realty is Q policy and all policies are on the endowment plan.