Arizona republican., 1915-01-29
MESA
ENDORSEMENT GIVEN
 H|GLEY DEVELOPMENT

At meeting of the Mesa com mercial club on Wednesday evening the endorsement and unqualified sup, port was given the officers and di- rectors of the Queen Creek Power and Water company, the concern that is seeking to secure contracts from the land owners in the vicinity of Higley for the development of the land careful investigation of the financial standing of the members who are furnishing the capital for the enterprise and it was determined that an amount necessary to develop several times the acerage asked for is available right now and that work will commence instantly after the required five thousand acres have been signed up. Messre. Shrock, Rittenhouse, Detwiler, Renck, Stap- lev and Beville, directors of the com nany were present and explained just what was proposed to be done. It gas reported at the meeting that the signing up process was being retarded somewhat by landowners in the Higley section who have organi- zed another company and who hope to finance their plan by the sale of bonds It was pointed out by w. R. Porter who has recently ar rived from California, and who has re interest in the company, brought out very forcibly the point that it is an impossibility to sell bonds on account of the present money con- ditions P. E. Fuller spoke from the point of a land owner, saying that he had put in pumping plant which had brought the cost of his land up to seventy or eighty dol lars per acre, and that even at that he would gladly turn over half of his land for the development of water for the other half.
 Mr Rittenhouse explained for the company that the funds were ready to start work tomorrow. The plan
 he said, was to drill wells for the development of an adequate water supply, the installation of the best pumps and machinery available and twenty-four hours test of the water over the land after which the deed to one-half of the land devel- oped goes to the company. The company, ne stated expected to re- 1 imburse the sale of the lands and l that they could not afford to install any but first class equipment if they were to realize on their investment , Senator Stapley laid particular stress upon the ability of the company to and that not only was the company able to finance the deal but that the
 money necessary was at the present 1 time in a Kansas City bank. P. F. | Fuller told of his acquaintance with the company at one time when it
 vas engaged in developing tract of land in the vicinity of Garden City, Kansas. He said that the com pany had developed land selling for $2.50 per acre and that only last week he had known of one tract that
 had sold for $50 per acre. He said
 that he had made an investigation of the methods used by the firm at
 that time and upon that project and that he had found out conclusively
 tine landowners had been complied
 with to the letter. Mir. Doty. who
 with MT. Renck has been field man
 in the matter of securing the con
 tracts with landowners spoke of his
 relations with John Shrock, the head
 of the company and he desired tC
 go on record as personally guaran- teeing every thing stipulated in the
 contract would be carried out tC
 the fullest extent and to the satis- 1 faction of every landowner in the district. Numbers of talks were made by those present all of them to tho
 effect that they were convinced that
 the proposition was worthy of the Support of the business men of Mesa
 James w. Lesueur was asked tt
 state what he thought of the propO-
 sitiOn. He spoke his approval ant in conclusion stated that he had {
 tract of land within the boundrie! of the unit that he was willing t.
 sign up at the first opporutnite.
 At the conclusion of the meetin: a rising vote of thanks was giveI the members of the board of di
 rectors for appearing before thu
 club and they were given the assur
 ance that they would have the heart, support of the business men, tn
 commercial club and citizens of tn
 community in putting the proposition across.