Arizona republican., 1906-02-01

That is the news, if it is news. and all of it. It certainly means nothing bad and it may mean nothing good. M. Hall says it means nothing at all except a few minutes more of routine work for him such as he is used to and has performed with no inconvenience to himself or anybody else It was re- ported about noon yesterday that there was going to be some glad news cir culated in respect of the canal situa- ton, before sundowu and the repor- tOrial staff of The Republican got busy, but it took only a few minutes to discover that it was the usual after noon false alarm. Hints of a telegram received by MT. Hall made his office the natural news center and an inter- view with him was secured
 MT. Hall stated that he had received the above telegram on the 27th but has not conceived that there was a news item secreted in it's good plain English wording or he would have given 1t to the newspapers. The hand ling of the property of the water com pany under the receivership of Judge Steele has progressed steadily ever since Judge Steeles apointment to that position, toward the final foreclosure proceedings that inevitably follow the closing of every receivership. Matters have been delayed somewhat however by the absence of w. W. Miller. the general counsel for both the water company and the bondholders. who some three Or four months ago went to Japan. It was not desired to proceed with the foreclosure proceedings un til his return. This telegram announces that he is again in New York, engaged in preparing papers preliminary to the foreclosure. When these proceedings mature somebody will buy the pt1pertv. presumably the bondholders them selves If they desire to sell it to the government then. they will be in position to do so. If they do not, they will merely have title to it them selves for such later disposition as they choose. But the foreclosure must proceed anyhow. regardless of any prospective deal with the government. which it is sincerely hoped will never theless mature just as soon as the title is perfected.
 Mr. Hall says further that he is just as anxious as anybody in this valiev to see the sale finally consummated and has done all in his power to hasten things, attending promptly to every request for information or in any other way possible aiding the progress of events. But. he cannot conceive that there is any connection between this incident and what may finally be ac- complished between the water company and the government Judge Ainsworth is now in New York City and it is understood that he is also devoting his best efforts toward a satisfactory ar engagement of the negotiations between the water company and the govern ment. Mir. Hall says that he is certain that if any new step had been taken. which Judge Steele in his multifarious duties had failed to apprise him of. Judge Ainsworth would certainly have remembered him to the extent of tele graphing the news. But he has heard nothing relating to the subject. other than the telegram printed above By the old rule that no news is good news, the telegram may be regarded as a grain of satisfaction
 The settlement of these negotiations is naturally the most important thing to this valley just now and the people are in the fever of anxiety that always accompanies suspense. They eagerly grasp every rumOr concerning the wa ter question and any pleasing feature is bound to be made the most of There can be no individual or no busi- ness enterprise more devOutly inter- ested than The Republican, no person or corporation which will h;> with greater delight the favorable termina- tion of all negotiations, but The Re- publican refuses to let either itself or it's readers be buOyed up for a day with a false hope and then dropped to the earth with a dull thud. It has thus far announced every item of news as soon as it was a verified fact and