Weekly Arizona journal-miner., 1908-05-06
PREsCorr's OPPORTUNITY.

vival in mining in Yavapai county and
 the whole Territory of Arizona. Since
 the inception of the financial panic in
 October last thousands of men through
 out the country with capital tO invest,
 with their confidence shaken in m.
 dustrials which have been used as a'
 medium for gigantic heecing operations
 on the stock exchanges throughout the
 country, have been investigating other
 sources of legitimate investment, par
 ticularly mining, and signs are not
 wanting that large influx of capital
 is only waiting proper representations
 from mining men with properties
 worthy of development During the
 past week one party of prominent
 eastern men passed through Prescott
 on their way east after a thorough in
 vestigation of property on Copper
 Greek in this county, and announced
 that they would spend many thousands
 of dollars in development. This is
 but one of many instances which have
 come to light in the past two weeks
 where eastern capital has investigated and determined to place money in Ari.
 zona mines rather than in the industri. als wnich have been largely discredited
 by shameful revelations of "high fin. anceD
 Almost daily reports reach this city of new and rica strikes in gold, silver, copper and lead in properties situated over n wide range of country, but with
 in easy reach for profitable exploita
 tioD by the merchants of Prescott. The action of the Santa Fe, Prescott & Phoenix Railroad in giving half fare excursion rates between Prescott and the new and rich mining field being opened up at Parker, on the Colorado river, is an enticing invitation to Pres. colt merchants to make the trip, get acquainted with the people and re. sources of that section, and win a large portion of the trade which is certain to grow rapidly for some years to come. True there is fifteen miles difference in favor of Phoenix, and something like eight cents a hundred pounds in freight
 charges, but this is trihing, and be- comes more trifiing in connection with
 shipments to intermediate points as freight charges are matter of mile. age. The railroad is showing com. mendable friendliness towards Prescott in many ways, particularly in it's ex- eursion rates to the Parker section and in meeting the cut of the Fl Paso smclters by fifty per cent cut in ore tariffs between Prescott and the Texas mining city. The action of the rail. road is surely worthy of recognition by Prescott merchants in an endeavor to secure outside business and in this way help the company as we'll as them. selves.
 As stated above, the signs of the times are bright with promise of very early return to prosperous conditions which ruled all over the land before the revelations in high finance brought down upon the heads of the people the hnancinl panic. A seven hundred mil. lion dollar wheat crop is in sight; abundant rains in the Mississippi, Ohio and Missouri valleys, and otherwise Favorable climatic conditions have practically assured a record breaking corn crop. The great railway systems of the country are preparing to resume the gigantic development schemes which were under full headway two years ago The southern Pacific yes. terday issued orders for reopening the immense railroad shops at Reno, Ne. vada on May giving every man em. ployment on full time and full pay who was employed before the panic. The forty millions in bonds offered by the Pennsylvania system on Tuesday were twenty-five times over, and SO eager were American investors to buy the securities that they sent agents to London to gobble up the twenty millions offered to the Britishers. The wnole trend of the standard stock mar. ket is upward, for the leading rail ways are lower than they have been in years and bargains are to be picked np by investors. Everything points to an early return to normal financial con. ditions, and with the lessons learned | In the meantime by men with capital regarding Arizona mines as fields for profitable investment, golden oppor. tunity for Arizona is surely dawning. |