Arizona republican., 1910-01-02
The Purchase of The Republican

the whole southwest and had the greatest future Last spring. before leaving the auditors office had begun in tentative way, to negotiate for its purchase had been assured by Dr. Vckers of the owners and the manager that it was matter should take up with Mr. Murphy So in February March 1 inquired of him whether he would be willing to sell He replied in the affirmative, to the extent of saying that he had per sOnal business need for the papers that his investments
 in it had been mainly for the purpose of giving the ter TtOry great and respectable newspaper but he added before naming price to me he would have to know what wanted it, how much cash would be paid the initial payment and so on From time to time, dur ing the summer, negotiations continued. l ap- preached local capitalists in the matter, personal friends notably, MT. Dwight B. Heard, Mir. Frank T. AL kre and Mir. Roy Goodrich Mir. Heard, in his impusive generous way, immediately said he would be delighted to see at the head of the papr and conducting it strictly Phoenix institution He said that if 1 would put
 in thousand dollars in cash he would put in the amount and that he had no doubt could form syn dicate few hours that would pay at least $500O0
 in cash; and, assuming that the purchase price would approximate $1OOOOO would have difficulty, he thought, in borrow ing the rest also had strong cOuragement from the other gentlemen l approached But anxious to have at least half interest in the property, in order that the hard work which proposed to give the paper would pay prOpOrOnately, and held under consideration the suggestions of Mr. Heard until might whether could do better. Meanwhile negotiations with Dr. Vickers and MT. Murphy having progressed to the point where the figures had been agreed upon and had until September to ''cOme through . with the money and went to Denver to friends
 there about raising the necessary cash. While meeting with strong encouragement, could not in the limited
 time complete arrangements, and returned l then took the matter up with Mr. Higley Oldtime friend, and man whose interest in the future of Phoenix Ond to the interest of l knew that his invest ments here and elsewhere gave him commanding posi-
 On financially and so asked hi into join in the pur chase in joint and equal ownership We reached an agreement short Order and days before the time was up made the first payment, large One in cash Deferred payments arranged for and the property was placed in possession We still owe Mr. Murphy some money, to be sure, but on as strictly business basis can another. Whether he has dis counted our obligations don't know, but he assured that he might do if he wished, would take care of them as they fell due. Mr. Murphy exercises abso
 utey control the paper, would he attempt to do so He IS too honorable and high minded for such tactics.
 The Policy of the Paper
 Upon taking charge, MT. Higley and I announced that The Republican would be conducted high class newspaper clean and far and in the interest of this mnity This propose to do in the light of our best judgment. Our investments here are quite as great if not greater than the largest business houses of the city
 Anything that helps Phoenix and the valley, helps us Anything that hurts the community, hurts The prop Ostion scarcely calls for comment therefore that the most ordinary intelligence would lead support in the columns of The Republican movement which in our Judgment has for its the material and moral bet terment o our city, But propose to stand fast for what We believe to be right upstanding and unafrad and -four square to all the winds that blow, and will not be stampeded in favor of anything if it does a peal to right
 As have said before in this letter. and as I said in the annual report o the railway commission the freight IdCCo Pdu Dy SHppeTS nlgn The hepuDncaDl is ready at all times to help get reductions But reduc tiOns are not accomplished by newspaper elamor by foul abuse of every railroad officer who declines be blackmaied into advertising Nor do believe in the policy of making personal matter of any differences with the railroads They charge all the traffic will bear and will continue to do that long they safely On the other hand, l have to confess that have no patience with the spirit of hatred which Akers would make the distinguishing feature of the Commercial club nor do believe the members of the club have any
 patience with it. Through his efforts and by of he loft fhp cuh and orofoI paper, he may succeed in creating abroad the belief that Phoenix is hotbed of pOpulism Only the other day was reliably told by of the best citizens of Phoenix of an incident which happened in San Fran cisco bank frien of this citizen had been led think of making large investment in Phoenix and he spoke to the San Francisco banker about it. Don't you do it. he han ic 4o lN>a c