Arizona republican., 1907-12-17
HOPEFUL VIEW Is FULLY JUSTIFIED
Conditions in Chicago Are Rapidly Becoming Normal and Phoenix Has Nothing to Wory About.

Mr. and Mrs. w. A. Giles of Chicago arrived here Saturday night and will remain for the winter as has been their 'custOm for several years past. They are being welcomed by their many friends and have visited here so ire quent!y and gained financial interests and acquaintances to such an extent it would take a discriminating mind to determine whether they are really Chicago people or Phoenix people
 MT. Giles has made Chicago his home for so long that he is in very close touch with the business interests of that great commercial cepter and very naturally inquiry was made of him concerning present conditions. One can read about conditions in the pa pers but he always fancies that some thing is kept back for the sake of pol icy and therefore il is more satisfying to secure personal testimony when it is dependable. Mir. Giles takes a very hopeful and optimistic view of the sit uation the country over. He said:
 The financial and business outlook in Chicago is improving. The banks are through with the worst of their troubles. and most of them are paying currency right along on all legitimate demands. The holiday trade is good and the small country merchants have as a rule been buying fairly well and paying promptly. The country in the central northwest is remarkably well off. by reason of its good crops. etc.
 Asked concerning the lethargy that might be expected to follow the un- settled period even after a full restor- ation of confidence he said: Yes. We shall no doubt have period of liqui- datiOn to make up the loss and de- |struction of the worlds capital in our Spanish war, the British Boer war. the Russian and Japanese war. the San Francisco earthquake. and of millions upon millions of dollars put into not yet productive enterprises. total of mot less than s4.OO0. 900, 900. This loss has to be made up by somebody. But America has in the meantime been feeding the world and adding to the worlds wealth vast sums of gold. sil- yer, copper, iron, etc. She is in far better condition than any other coun- try in the world, and she will not suf- fer any such period of depression as followed the panics of '73 and '93.'
 Mir. Giles was then asked to express his views concerning local affairs as they might be affected by the prevail ing conditions elsewhere. What do think of the outlook in Arizona or in this valley?' he repeated. Tt seems to me you are suffering less and are like ly to suffer less than any other sec Ition of the country. Your 100000 acres of land. an area about as large as the irrigable or arable land of southern California and having a much greater productivity (when the govern Iment's marvellous irrigation works are completed). will be a source of vast wealth. The people of this city and territory have always shown great energy and marvellous enterprise and they will not fail to wrest from the ranches. farms orange groves. and from natures treasure vaults Hidden in the neighbOring mountains, wealth Iunequaled by that of any other section of equal size on the face of the globe.
 And your sunshine and ozone at mosphere, Challenge your doctor to tell you in what other cline such healing and strength may be found. When the tide of immigration sets hitherward as 1t is commencing to do and commerce and industry exert their predsstined sway this 200.000 acres will blossom like rose and your beautiful land will be eagerly sought at double or triple the present values.