Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-11-06
Current Comment
THE WEST WANTS CAPITAL.

Consistency has no part in the fan
tastic theories of the Kansas insur-
gents. says the Kansas City Journal.
While Governor Stubs and the other
lights of reform in the SunflOwer
state are lambasting the corporations
and bringing down fire and birthstone
upon the man with a surplus dollar.
The Kansas labor commissioner is in
viting the investment OF foreign capt.
tai in various proposed Kansas in
dustries. According to the statement
of the labor commissioner, there are
attractive openinggs for 166 establish
ments in the state, consisting of thirty
four different kinds of business and
manufacturing enterprises. Twelve
cities" says the commissioner. offer
to furnish site and bonus to industries
of merit. ana nearly all other cities Of
fer more or less assistance to respons-
ible concerns. The business mems
club of one city offers to take about
10 per cent of the actual investment Of
any gilt edged proposition"
Here is indeed 4 curious situation.
On the ore hand IS a state admins
tration belonging to that political
faction that is exerting every effort
ernor Stubs has fairly foamed at
the mouth in his denunciation of the
interests" He has taken an active
part in that progressive" movement
that is driving business to the wall all
over the country and now threatens to
bring about industrial havoc. On the
other hand. his state labor commission
er is pleading for the investment Of
money in needed industries in many
Kansas cities. and even showing where
cities may become posesssors of the
hated stock certificates of the loath-
some corporatins.
Kansas is situated differently from
practically all the other western states.
Kansas needs development and that
development calls for more money than
the people of the state have to invest.
Until now foreign money has kept
Kansas to the forefront of develop
ment. When under the bludgeonings of
the ''reformers." men with money are
reluctant to risk further investment,
then Stubb's labor commissioner comes
forward and pleads for foreign money.
In view of the present disposition of
the political rioters, the capitalists
with money invested are exerting every
effort to save what thy have. When
reform" politicians and officeholders,
big and little, are conceiving new
schemes daily for the annoyance and
harassment of business. capitalists are
not thinking of making further invest
ments and especially in states where
the disturbances and enmity to capi-
tai are more in evidence. The chickens
of reform are coming home 10 roost.
With the tightening of the eastern
money bags the western states will re-
aliZe that thew have been belaboring
their best friends. Millions and millions
of dollars are now seeking investment
abroad that ought to come to the west.
Whereas a few years ago there was
unlimited funds available to build fac
tories and establish businesses in Kan
sas, the capitalists are now looking to
South America for investment where
something like security may be en-
joyed. few more years of such work
as Stubs, Bristow and Murdoch are
doing and Kansas will see the tide of
investment vanishing in the distance.