Arizona republican., 1910-05-24
PHOENIX. ARIZONA, MAY a4, 1910
The Emergency.


 Citizens who have not yet In. formed themselves on this matter will speedily learn. if they will talk, the trouble to investigate, that thi: is in no sense donation" proposi. tion.
 It would not be possible to make in Phoenix a safer income invest ment than in the shares of the hote corporation. At the lowest possible estimate the shares will yield an an- nual income of at least six per cent on their par value.
 By the time the hotel is completed the shareholders will be so well sat isfied with their investment that il Is not likely any of them will wish to sell. Their stock will be as gilt edged" as the best business shares in the town. No stockholder will have the slightest difficulty in disposing of his shares at par.
 Subscriptions will be called in five equal installments, probably thirty days apart.
 For citizens who wish merely to help the proposition along" and who may not wish to make their invest ments permanent, the transaction will amount merely to parting with the a f,-V
 The question is, then, Can the Phoenix public afford to lose the op- portunity to have q first class hotel by next winter? What can Q little temporary inconvenience amount to. as compared with the enormous loss to the whole city which would fol- low our failure to provide the hotel by the middle of next winter?
 It must not be assumed. because adjacent property owners are ready to subscribe liberally, and because MT. J. C. Adams is ready to invest in the proposition every dollar he can raise, that the cooperation of the whole community i. unnenessary.
 The gum of s25O.OOe must be raised somehow, and Phoenix never faced such an urgent situation. It is a grave emergency, in which quick and businesslike action only will provide the remedy.
 Considering what the new railroads will do for the community in at tracting people to come here; con- sidering the great flood of travel which could be depended upon with adequate hotel facilities; considering the loss to all lines of business: con sidering the injury to the real estate market-for both city and ranch pro- perty-if we should have to inform the world that we could not take care of visitors next winter, it is conservative to say that our failure to provide the proposed hotel would mean, in its various phases, a dam age to the extent of one million dol lars.
 There is every reason then, why the whole community should join in helping this enterprise. Buyers of the shares will not only make a good investment. but will help the town beyond measure.
 Returning to the question of safety. it is more than safe in this instance to judge the future by the past" The Hotel Adams. during the last two years. was a great money maker The net profits during the last seven months alone exceeded S2i.oO0. For the whole year the profits were much greater than this sum. Had the faci- lities of the hotel been adequate equal, for instance, to the proposed hotel-the profits would have been easily double what they were. The old hotel had less than one hundred rooms The new hotel will have ITO, and this number can be doubled by adding two more wings when the business requires such additions. MT. Adams, who is in a better position than anybody else to make accurate estimates. figures that the new hotel will pay s50,0OO a year net This would be 20 per cent on the invest ment But, reducing his estimate two- thirds, in order to be absolutely safe and there is no reason why his esti- mate should be discounted, for the banks and the business community are unanimous in saying that J. c. Adams word is to be depended upon always reducing his estimate arbitrarily, as we say, investors can depend upon six per cent, at the very least, as the certain return on their shares.
 All these facts are so we'll known that it would seem to be a waste of space to discuss them; but we have