The border vidette., 1907-01-19
BUSINESS MEN FURNISH MONEY
Donate LiberaIIy to Fund That Gives
 Board of Trade Boost.

Tuesday night nine of the ten members of the Board of Directors of the Nogales. and Santa Cruz county Board of Trade were pres ent at the weekly meeting. The Finance Committee, telling the result of a few hours work during the afternoon, put everybody in excellent humor, as 1t assured all present that the organiza ton is now on a solid financial footing and can go on with the good work 1t has undertaken.
 The Financial Committee was instructed at the previous meeting to ''get money" and to get enough of it so there would be not the slightest danger of the work being interfered with for lack of funds. In less than three hours time Tues day afternoon they had secured donation subscriptions from the business men of the town to the amount of $937 OO, and they stated that they had not been all around town, either They expected to raise the amount to $1 ,5OO.OO and have already secured number of additional subscriptions that have brought it we'll up toward that figure.
 Recently the Board of Trade guaranteed payment of $3OO.OO, the expense preliminary to the pro posed construction of a reservoir dam on the Santa Cruz river and $3OO.OO more on a chemical engine ordered by the Nogales Fire de- partment and has ordered the printing of booklet descriptive of the mineral and agricultural re- sources of Santa Cruz county, which is estimated to cost $45O.OO. In addition to the sums mentioned about $2OO co is required to prop erly furnish the Board of Trade headquarters.
 The money solicited by the Fin ance Committee will cover these expenses and probably leave few hundred dollars on hand as an emergency fund.
 The membership list is steadily growing, eighteen new members having been, added to the list by Secretary Sullivan during the past two weeks. as shown by his report to the Board of Directors.
 Fire Insurance compa nies and Life Insurance companies doing business in Arizona were discussed by the Board and all the members were of the opinion that such com panies should loan part of the revenue derived from agencies in Arizona on securities within the territory. A committee composed of Messrs Bracey Curtis. H. M Chapman and Patt R. Sullivan was appointed by President Tit comb to frame resolution covering the subject under discussion and the following resolutions were sub mitted and adopted:
 Resolved, That the Territorial Legislature be requested to enact a law providing that all life 1n- surance companies doing business within the Territory of Arizona, be required to loan at least fifty per cent of their gross income from this territory on territorial county, or municipal bonds of first mort gages on real estate within the ter ritorY of Arizona; and providing that such loans shall be made at an interest of not more than six per cent, and for periods of not less than three years; and providing that such companies be exempt from the present territorial tax to the amount of such loans; and
 Resolved, That our represent ative in the Territorial Council and our representative in the Ter ritorial Assembly, be requested to use their influence to bring about the enactment of such law.
 The President was also authoriz ed to name a permanent committee on irrigation and named the fol- lowing gentlemen: Messrs. H. M. Chapman, I. Burgoon and Patt R. SulliN an.
 P. R. s.