Arizona republican., 1911-07-30
GREATER PHOENIX
 NEEDS OUTSIDERS
ALSO FINANCIAL AID MUST COME
 FROM WITHOUT.
But A. w. Ballard is Confident of
 City's Future.

NIT A w. Ballard left on the Santa
 Fe Limited last night after having com pleted plans for further extensions to his numerous interests in this city When asked if he had as much conf dence in Phoenix and its future as when he first became interested in 1906,
 he said: Tn general, decidedly so, The only thing l regret is the apparent in ability of some citizens to harmonize with the greater majority for a Greater 1 Phoenix; their neglect to eradicate this individual discord is certainly retard- | ing investment by outside Capitalists. I know whereof l speak for this was put to me personally less than three weeks ago. It would he folly to as Sume for moment that we could ever build large city here and increase our population to 50.0O0 without outside if nancial assistance. For example: Put 1 200 men with $1OO.OO q piece on 100
 acres of land or as much more as you prefer; deprive them of all s urce of income except what they make off of
 each other, and it would not take d
 very brilliant mathematician io figure out how fast they would grow. how
 much they would each have at the end.
 of five years or what would become of
 them.
 We are a thriving. growing city. as
 a whole. fearless in our desires and es- pecially in our demands. I see your papers say from time to time. Greater Phoenix. 5O,OOO population" I say Why limit it to 50.000?' Go and see Harry Welch. the active secretary of your Board of Trade: let him figure out
 how many people could live and pros per in city backed by 300,00 acres of
 land. supplied. might say. with con stant flow of water from one of the
 greatest undertakings in the world. The
 Roosevelt dam. and if he doesn't say more than 100000 people I will buy you
 a new hat. Then why not start new
 slogan, altogether. all the time every
 thing for Phoenix: 100. .OO0 in 1920 Then l let's add a rider to that: territorial highway from the south line to the north line and from the east line to the west line. or bust
 Now that you have me started on this subject. if you could hold the train 1 I could continue to talk to yol about the beauties of this territory an l Phoe-
 nix especially. for hours, but I beg you
 to be guarded in what you print. as l am the last man that would want to have anybody take offense at anything might say. l consider myself in a measure a public servant to the extent that I am at the head of a corporation that is serving the people. We are us- ing every endeavor to give the public value received for their money which means uninterrupted service: but ", are bound to have interruption SC long as we take current from a 75 ol so mile transmission line going through desert and mountains. and the Cnly wal to fortify ourselves and our patrons i!
 by maintaining a modern. up to- dat.
 steam plant that We can put on alin, l from the cold start in 26 minutes. sucI as we did last Friday night when tn, 4 government notified us from Roosevelt that on account of breaks in the powel canal. they would be unable n supply Us with a kilowatt of juice for at leas four days
 of course, to accomplish all this i q takes money. We cannot borrow mone! here and pay the current rates of in , terest. This necessitates our interest ing outside bankers and investors who are satisfied with a lesser rate of in. l terest. By this, am not Criticisinl the policy pursued by the banks of thii
 city; 1t is merely case of supply anC demand. This is regulated by our eli;
 mate and our productiveness. The cat \ tlemcn and the sheep men handle \ commodity which takes vast sums o I money to care for and they only sel I that product once year: until the sal, \ Is made they are compelled to obtain ] their money locally. for the reasor q that outside banks cannot deal in tha Al class of security. As regards our eli \ mate having an effect on our apparent capital, I think it is safe to say tha during the three excessive heat month: of the summer. our citizens on pIeasur, bent will take from S30O.000 to $500, OO0 out of Phoenix alone. every dollar of which is gone for good This figur, may be high but you can easily check
 it from the bank report Of our Territo-
 rial Auditor. recently published locally
 and notice therein the decrease in de posits in all banks since the previous statement was issued"
 Well, no( I am not going off on any particular business, except that dur ing the past month l have purchased several pieces Of residences property and two pieces of business property. which intend to improve later on. and before returning expect to visit the principal money centers of the east and also on the Coast and induce them to entrust more funds to me for investment Well
 there goes the bell: goodbye and Good Luck