Weekly journal-miner., 1914-10-07
COMPANY ASKS
 PRESCOTTT FOR S40,Oo0
(From Wednesdays Daily.)

NFTOH w eQneSudy Ddlly.l
 At special meeting of the Cham Der of Commerce held last night to learn the present purposes of the Arizona Land and Irrigation com pany, a committee was appointed to meet with Ex-congressman Watson and the other officials of the com pany now in Prescott and ascertain from them if their proposals. look ing to local backing to the extent of S40000 for their enterprise, are such as will warrant the Chamber of Commerce in recommending the same. After this committee re- ports. further action will be taken at the regular meeting of the Cham Der. to be held tomorrow night.
 Mir. Watson was the first speak CT at last nights meeting. He stat cd that Terre Haute, Indiana, men of capital and influence, now had control of the company's affairs and proposed, under certain condi- tions. to carry them to a success ful conclusion without unnecessary delay. He admitted that the form CT management of the company was not such as to inspire the greatest confidence. Financial aid to con clude former plans has been prom ised, but due to prevailing scarcity of money for such enterprises, he now wanted to know if the people of Prescott will enter into a pro- visional arrangement with the com pany to buy 400 acres at $l00 an acre. The Terre Haute hnanciers are willing to complete the work. he said, if this evidence of good faith, locally, can be secured.
 F. NJ. Murphy was of the opinion that if the company is able to show real stability behind the enterprise, the people should take the same in- terest as they did in 1913.
 Another Indiana Man Speaks.
 Fred B. Smith. president of the Merchants Distillery company, of Tcrre Haute, a prominent factor in the reorganization, said his people will take hold of the work and push it vigorously. but in order to do this he intimated that Prescott people must put up the S40,00O. Asked to give some definite idea as to the plaas and financial condition of the company, Mir Smith said he was offering 400 acres of land worth more than that price at SlOO. and he did not consider it necessary to divulgc his secrets. He thought that the land should be selected for the local people and that they should receive allotments on the ditch from which it is possible to supply the first water.
 Mir. Norris took issue with Mir. Smiths view and said the company should Hay their hand on the table" '" They are making bid for backing and must show the just elements of the power behind the concern.
 Mir. Drake promised his talk with the proverb: Hope. long deferred. llldhIlH lhS HSdll StNhs Dul AN oP proved the proposition and said that ne would warrant that the cngin- cering part would be carried out as proI.iscu.
 r. C. Horn, who was the builde' or the Salmon River dam in Idaho. one of the five largest in the world and who is associated with this en- terprisc. gave some interesting de tails of the proposed dam. He said it would contain less yardage of concrete, would be a better dam and would cost less money.
 Alter sor1c further discussion, Mir. Watson agreed to meet the com nrittec and give whatever informa- ton night be necessary to secure local cooperation.
 The members of the company present " ere: Ex-congressman Wat son. Jake Finkelstein, w. w Huff man, prominent manufacturer B. F. Hams. an engineer of Terrc Haute; Robert L. Smith, president of tLe Merchants Distillery com pany, and his son. Fred B. Smith also of Tcrre Haute.