Arizona republican., 1908-04-26

 Of ARIZONA
As It Appears to Mir. B.P.
 Cheney
The Excellent Outlook for a Still Further Improve
 ment In Mining Industry.

NIT. E. r. Cheney of Boston, a direc- tor of the santa Fe system. one of its heaviest stockholders and extensively interested in the Development Com pany of America arrived in the city yesterday afternoon from the north He was accompanied by Messrs. F. NJ
 Murphy. W. A. Drake and Paul P. Jennings of san Diego. Mir. Cheney spent the afternoon in the city and left last night for the south in his private car which had been attached to the NJ.
 X P. train. Messrs. Murphy. Drake and Hastings returned to Prescott this morning.
 After a tour of the properties of the Development company in the north. MT. Cheney accompanied Mir. Murphy over the A. & c. road arriving at Par ker early yesterday morning.
 Mir. Cheney will stop at Red Rock. will visit the works of the company at Imperial and will inspect the Sasco shelter. Accompanied by Messrs k. B Gage and W. F. Staunton MT. Cheney will go to Tombstone and then leave for the east. He has been absent from Boston about six weeks. He spent some time in southern California and altogether his journey over the Santa Fe system has been made by easy stages in order that Mir. Cheney might make an inspection of it.
 He has been coming to this territory in his transcOntinental journeys about twice a year but it is two years since he has visited Phoenix He said tha, he was pleased to find the affairs of the Development Company of America in such excellent shape Under the guidance of MT. Murphy he visited the properties at Poland. Crown King and elsewhere in the north. There he found rather greater activity in mining than he had expected but the indications were that it would soon be still great CT. He believed that the Humboldt shelter which has done so much to stimulate minng in the north would shortly be in operation again. In fact plans to that end were moving forward satisfactorily
 The closig down of the smelter had a naturally depressing effect in that i locality, especially upon the smaller mines whose owners had been unable to avail themselves of reduction facil- ities at a distance. In the southern part of the territory. MT. Cheney said he understood that mining operations were proceeding with old time vigor.
 MT Cheney was pleased to learn or the prosperity of this valley and the progress the city had made especially within the last year This progress he believed would be far surpassed as the years go along and that in a short
 time the fame of the valley as a gar den spot would be widely advertised. The citrus fruit industry. MT. Che ney believed would become a very i'm pOrtanI one: he had understood that the crop of the present year had dOu- bled that of a year ago This is a sub ject in which he is interested sfnce he is part owner of a thousand acre ] orange and lemon grove in southern California. The inquiries of MT. Che
 ney about the valley showed that he had it very Dluch in mind and that
 he desired to keep in touch with it's progress. He was especially interest
 ed in the future of the best sugar fac tory.
 The best advertisement said he, this territory has had was in the magnifi- | cent manner in which it had withstood the panic and the rapidly with which it had recovered from the effect Of it. There are he said comparatively few places in the country where the banks preserved the unruffled front of those Of Prescott and Phoenix.
 Speaking of the late financial de- pression. Mir Cheney said that while
 the acuteness of it had passed away the effect would be felt in most places for long time "The country" said he. was very sick and it is natural that its recovery should be slow. II is perhaps better that it should be so. Another thing he thought that would contribute to the slowneSS of recovery
 was the presidential campaign. Those who have money to invest are antic- l ipating nothing. It is pretty generally believed that Mir. Taft will be nom
 mated bv the republicans and the country would be willing to trust him. The business interests have confidence
 in him. MT. Cheney believed no defi-
 nite plans would be formed until alter the election in November and he added ] to the Denver convention with great interest.
 He spoke of the reforms to which the country had been subjected. Many of them were drastic but he believed that order would soon follow whatever disorder had resulted and that the country would be in better shape
 than ever. Even in making right moves the reformer is apt to swing
 beyond the center but he will swing ultimately to the proper point
 Reforms of all kinds. said MT. Che ney are set in motion by the need fol
 them. They go usually farther than is necessary to eradicate the evils 1 which prompt them but after while
 matters are settled as they should be