Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1913-03-16
ARIzoNA's DEVELOPMENT.

RfIhe Review has learned Of nothin
yet that would warrant the assumI
ton that the Arizona corporation
commission has any intention Of Grip
ping the enterprises OF Arizona b.
orders or regulations that would pre-
vent a fair prof: being earned in tn,
state by those who have investet
their money in public utility enter
prises. OF course the corporation
commission was created for the pur
pose Of restraining all corporation:
from exploiting the people beyont
what is fair and just and this will b.
expected and desired.
1t is true that the first session o.
the legislature was extreme. in it,
attitude towards the railroads of tn;
state. but in the present session tn,
majority has checked a number O.
radical and socialistic measures and
many of the dreams" Of the days o.
the state constitutional convention
have been discovered to be unrea
and impractical. However. not in an
ticipation of any harm TO Arizons
from the state corporation commits
sion. we regard the following extrac:
from the Boston Financial News t.
be well worthy of our most careful
consideration:
''The Investment opportunities pre-
scented in Arizona are being keeRly
watched by investors in this and 9th
er cities of the East Capital in large
amounts is always available where
there is a broad new field for de
velopment. In these newer sections,
capital naturally enquiries as an in
ducement higher rates than it does
in the older and more thickly popu
lated states. Consequently, the atti
sude of the legislature and corpora
ton commission of Arizona towards
the public utilities of the state will
be watched with interest.
Experience has led the commits
sions of Eastern states to revise many
of their earlier decisions as being TN
rise md hindrance Of development
Drastic legislation has stopped al
public shrvice development in one
state according to one OF the commits
sioners, who advocates full control
but a reasonable encouragement Of
this most important industry. 1t will
therefore be interesting 10 see wheth
er the Arizona commission will profit
By the example of these cider com
missions in making its own regula
lions.
Investment houses in the east
have been looking into the public
utilities possibilities of Arizona. Their
enthusiasm depends greatly on the at
titude of the commission OF that
state and its willingness to recognize
the necessity Of reasonably liberal re
turns on money invested. returns
comparable to those expected in or
binary commercial business. The sc
curities of corporations operating un
der fair-minded commissions are fav
orite forms Of investment by the pub
lie. II Arizona is successful in gain
ing the confidence of investment
houses they stand ready. It is said, tc
recommend and influence large in
vestments in that state.
Representative investment men il
the East expressed the hope that the
authorities of Arizona will bear il
mind that conditions in their STATE
are a vastly SiHerents form of invest
scss r. tie pubifc. y Arizona is sue
cessfuI in gaining the confidence o
ilvestment houses they stand ready
II is said. to recommend aud infla
enee large investments in that state
Representative investment men II
the East expressed the hope that th'