Arizona republican., 1914-07-12
International Investments
Carries Splendid Article
on Arizona's Financial
Soundness - Data Sup
piled in Phoenix

international Investments, maya
zine of high standing among financial
publications in America has just print
ed splendid article on AriZona's Prog
/ ress, the meat of which was supplied
| by Secretary Harry Welch of the board
/ of trade here. The most exhaustive
search of records was made to gather
data for the article, and in it's COM
pleteness, it is tribute not only to the
state about which it was written, but
to the magnificent set of records from
which the facts were drawn.
The article:
While bordering on the Mexican
frontier, Arizona has been less dis
turbed over the Mexican situation than
some states which are more distant
| from the scenes of military activity
Business has proceeded practically
without interruption. Generally there
Of the activities of the warning factions
in the republic to the south by proper
officials and others interested. In the
adjustment of claims the share of Ari-
IONA will not be small, but a complete
settlement in full is anticipated Rail-
road business from Arizona points into
the disturbed country has dropped
very low 1t is practically at a stand
still. Railroad activity in Arizona has.
however, not been disturbed, and much
work has been done. Plans for addi-
tional roads in the state has been
preached during the past few months
and a new line to connect Phoenix and
Tucson, the two most important cities
of the state, has been projected.
Franchises to enter and go through
both cities have been granted. The
: Arizona corporation commission has
I given permission for the sale of bonds
: and stock for the road and surveyors
I are already at work making prelimin-
! airy surveys. There is every indication
: that the projected road is a line in a
transcontinental line which will give
| Chicago another outlet to the Pacific
s coast at Los Angeles and San Diego.
81 No halt in the advancement of all
{ development matters has taken place
: No unusual shortage of funds, except
! that usual keen demand which is felt
I by all communities in their periods OF
I greatest growth. In fact everything
s points to the contrary view.
s. Public confidence in the future OF
s Arizona is being evidenced every day
s The cities of Arizona have recent,
s placed on the markets a number Of
: bonds for school, waterworks and other
! general development purposes Thes,
} issues of securities have found ready
sale at attractive figures. This ready
.. sale is one of the best examples of tn,
confidence of the general public in the
future of the new state.
. Phoenix city bonds to the amount O
S275,O00 drawing interest at 5 per cen
sold at a premium of s5,SS5. These
bonds run from twenty to forty years
Tucson city waterworks bond.
amounting to s165. 900 running for thir
ty years at per cent sold for a prem
ium of $2,095 and $4,000 worth o
school bonds, twenty year. at pc
cent. sold for premium of s2,S39. 4
sale of $4,000, ten and twenty-yea
!5h per cent school bonds for Prescott
sold for premium of 1921, and $50,
600 worth of Mesa school bonds sold a
par, these were twenty year bonds a
81 per cent.
The general interest which is take,
in the internal affairs of Arizona i
not confined to public bond issues
Outside money is being placed in man,
industrial concerns and the attractiv
nature of the development offering i
well worth examination. The statemen
issued on March 4th by the state banl
comptroller shows an increase o
H.765.378.97 in the amount of deposit
at state banks and an increase o
s2,128,9S1,07 at National banks. Thes
increases are made since the report o
April 4, 1918. The total amount O
money on deposit at the state banks o.
March 4, 1914. was s21, 1885, 9459 an
ut the National banks s12,046. 1888 o
total of s33.142,6S412 on deposit a
all banks in the state
Other features showing the perma
nent growth of business are found i
the building permits and in posts
business. The postal business of Phoe
nix the capital city, in 1911 reache
s80,530 .36; in 1912 it reached $89,42S70
in 1913 it went up to s105,825.S4 Thi
growth is steady and is contnuin
through 1914. We find the business fo
January. 1913, was s9,419.11 and fo
January, 1914. s11,079.70. an increase {
II per cent. In February, 1914, tn