Arizona republican., 1907-12-21
TAKING TESTIMONY
IN PROSPERITY CASE
Il Begins TO Look as Though The Re-
publican Would Never be Able to
Get in Ali IRE Evidence.

Pursuing the prosperity discourse OF
yesterday mornings issue, further IN
Nestigati0ns were made yesterday by
representative of The Republican,
seeking to read the local business Their
n. meter II is q most plea sing sub
yect 10 pursue for as investigation pro-
grrs~as the results become constantly
more ard mora gratifying.
Dropping nto the express office to
pay dollar transportation on two
hit Christmas present Cthis is said
without prejudice) Captain Ccnnell the
P.-tenix agent, was prospected for in
fnT'uation. Tia purpose was not to
inqGire into the prosperity of Wells
fargo comoan-' IN the interest of that
corporation, t TO learn of its BUSH
ness as indicative OF the prosperity Of
other peop;n. The captain said that
the November business of his office
was ne.lrl-- $1,000 IN excess Of the No
vemhcr business ,ot 1906, and the De-
ceu.her ll.>Imss thus far greatly ex-
ceeds that OF December last year.
Comparing Phoenix with other places,
it leads all other offices in the south
western division which includes Albu-
,iu:.que, Fl Paso. Bisbee. Tucson.
Los Angeles.
$. Oberfelder, cashier Of the National
Bank os Arizona. was next seen. Mr..
Oberfelder said: There has never
been any trouble here. A few foolish
pecpl" have drawn their money per-
baps and put q in their stockings.
where Santa Claus could get away
with il, but there is more money COM
ing in now than there is going out. and
business conditions are getting better
all the time. There will be an abund-
ance os monc- coming in for cattle in
the next few months. The proceeds
of a hundred cars Of oranges will be
dumped in Phoenix within the next
thirty days. That means an additional
$4,000 of good clean money the val
lev never had before. The banks dur
ing the recent little furry have all
protected their own customers when
ever their help was needed, to the full
extent Of what could be asked of them.
There IS 20 trouble of a serious ma
ture and =evar has been"
Cashier LLOYD Christy of the Valley
Bank said: Il don't know personally
of any bank patrons who have with
drawn their accounts for the purpose of
boarding their monev, but 1 know Of
men who had money and did not bank
fl when they should have done so.
preferring to lock 1t in a safety vault
or bury it elsewhere. What is more to
the point. l know N some who We're
doing this who are now bringing il in
to the banks and depositing il, thus
demonstrating that their better judg-
ment is returning. The opening of new
accounts is the most pleasing infOr-
nation l can give"
II J. McClung. manager Of the
Phoenix National Bank. was never in
more cheerful frame of mind, or more
willing to testify to the pleasing condi-
tons locally at the present time and
the hopeful appearance Of the future.
Mr.. McCluns said:
There is no question but that con-
ditiOns are improving, especially as to
the supply of currency. which was the
chief cause of the recent trouble.
The fact that banks all over
the country are gradually resuming
casA payments indicates beyond d
doubt that people are realizing that
their money is just as safe on deposit
in a good bank as il is hidden around
Ine mousse OF locked III STRONG DOA
somewhere.
Confidence is the foundation of all
business. and the returning of cash q
the banks by the people who have
been boarding it, meals a return OF
confidence to the people. increased de-
posits in banks. and a speedy return
of all business TO a normal condition
The splendid financiar condition
of the Salt River valley is best shown
by the statement of County Treasurer
Babbitt concerning taxes. and l sug-
gest that you go and get accurate
figures from him and the privilege OF
using them"
This suggestion was acted upon and
Mr. Rabbit said: Il have collected
more money for taxes this wear thar
was collected last year. The amount
still due on property that went delin-
quent is a trifle in excess OF the
amount unpaid at this time last year
owing to the greater valuation of tbs
property Of the county, this year. i
was thought just before the applying
of the penalty that there would be {
larger percentage Of delinquency. bu
during the last day or two there was {
rush OF money TO pay up and avoid th'
penalty. The total amount of tbs
county taxes due was 1925, 900 and i