Arizona republican., 1906-10-14
For Delegate to Congress Wm. F. Cooper
THE SAME OLD MISREPRESEN.
 .TATIONS.

.TAIIONS.
 Tn conseduence of the meeting at the Doris Theater last night. no sane man can take a kindlier view of joint statehood Not a reason for the un- natural amalgamation of the territo- ries was advanced which had not been advanced before. It was characteris- tie of the addresses of both Candidate Ainsworth and Thomas Fitch as it has been of all jointist arguments, that they ere confined entirely to an effort 10 prove that jointure would be less harmful to Arizona than the oppon- ents of jointure believe it will be.
 It must be admitted that if the. abuse of the corporations and of the. people and the territory had been elim- mated from the arguments of the speakers there would have been noth-I ing to be said.
 And the thinking man must admit that that abuse was based upon the grossest misrepresentation and that the comparisons between the terEito- ries invidious to Arizona, were based onI
 
 The figures presented by both Messrs. Ainsworth and Fitch, with reference to the wealth and indebtedness of the territories and the territorial rates of taxation are contrary to the official records of Arizona and New Mexico. It is unnecessary we believe, since We have frequently presented these au- thentic figures, taken from the records of the auditors of the two territories, and from the Commercial and Finan cial Chronicle of New York, an un- disputed authority on the financial conditions of states and territorIes. to follow the devious arguments of last nights speakers.
 We may though, direct attention to one palpably misleading presentation made by MT. Ainsworth in which ne sought to show that for a period of two years the territorial debt of New Mexico was steadily diminishing while that Of Arizona was increasing. He could have explained that by a word. Instead, he preferred to cast odium upon the financial management of Ari- zona and let it remain there.
 Mir. Ainsworth stated. as toint.st orators have been stating since the re- cent report of the New Mexican travel ing auditor. that the debt of New Mexico is being paid off at the rate of $lOOOOO a year.
 The fact is this: Last May the debt, that is, the territorial debt, of New Mexico, was about $SOOOOO. There was a sinking fund of a Iitt;a less than $1OOOOO That has been applied on the territorial debt, and the report of the auditor now shows no sinking fund. l
 As to the increase of Arizona's ap- parent territorial debt the fact is only i that other municipal and county in- debtedness has been refunded to tn :: ! financial advantage of the counties. without increasing in any manner the | financial obligations of the territory, | and without increasing the aggregate indebtedness of the territory and the ! counties. Some of the territorial bonds | have been paid out of cash in the | treasury of which last May there was an amount about equal to the New Mexican sinking fund.
 In the meantime the almost bank rupt counties of New Mexico are groan- l ing under an aggregate indebtedness of more than $3,OOO, GOO, the interest on a part of which is in default in ac- cOrdance with MT. Ainsworth's idea of | good fnanciering in order to bring the | bond holders to terms.
 This method of hnanciering has brought about an unfortunate condi- tion described last spring by Mir. Rodey | when he said there was not a dollar of . foreign capital in New Mexico.