Weekly journal-miner., 1915-12-08
(From Sundays Daily)

The necessity of representatives of wealth taking an active part in politics was forcefully expounded by Hon. F NJ. Murphy in his speech welcoming the members of the Arizona Bankers Association to Castle Hot Springs, where their annual convention was hold last month. He also took occa- sion to point out the opportunities for aiding legitimate investors and pro noting the varied industries of the State, incidentally taking hard rap at radicals and radicalism. Numerous requests have come from leading Eastern journals to Mir. Murphy ask ing the privilege of printing his speech and many persons have asked the Journal-Miner to give it publicity. It contains much food for wholesome thought, not alone to the banking fra ternity but also to the public at large, which is beginning to realize that Arizona must be rescued from the hands of visionaries and given sane, safe government. The speech in full follows:
 MT. President, members of the Ari- zona Bankers Association, and your friends, representing many large banks throughout the country, and other guests, meeting here today, per init me to extend to you, on behalf oI The Castle Hot Springs Company, q sincere and hearty welcome. was given the privilege and pleasure lit tie over a year ago, on a similar occa- sion to welcome many that 1 see here today, and I wish it were possible fo: me in fitting words to say something to you that would in some small de- gree be interesting, and in keeping with the occasion. That nothing bur good can result from your coming to- gether, and exchanging views, and discussing the many important queS- tions, calling so constantly for the most careful consideration of those best equipped to analyze and suggest remedies for the many trying and complex problems that are playing such conspicuous, and might say, helpful and hurtful part in the busi- ness affairs of the country-I might say the world, many of which arc of a kind, unless dealt with fearlessly and wisely, might easily result in partial, if not complete paralysis of business. Much depends upon the at titude and active interest the bankers and business men generally take in all public questions, political and otherwise.
 I have no patience with those who contend that representatives of cor porations, and business interests gen- orally, should not take an active, non est interest in politics. I do not i1esi- tate to say that in my judgment, those at the head of large corpora tions, that do not take an honest, and more or less active interest in politics arc not doing their duty, and arc not big enough for their jobs, and the same is true when referring 10 those honestly engaged in business of any kind, big or little. It is the rankest kind of nonsense for business men to devote their energies and genius to working out economies in their busi- ness, piling up the results of their e. forts to be dissipated by the reckless politician and non-taxpaying, ire sponsible citizen, too frequently 1nak- ing and administering laws. Results of honest and well directed effort should pass to stock and bondholders, and those who have had the courage to embark in business of any kind, to be reinvested in new undertakings, if we are to have permanent prosperity in this country, assuring profitable employment for labor under condl- tions fair to all concerned For the past few years every man, or combin- alton of men, engaging ill business, regardless of what he or they may bc doing, has been gambling as any in- vestmcnt made, even after the most careful scrutiny of the laws, provisions of which may have been scrupulouSly conformed to, is ill danger, not being sure that a change in the national State and municipal governments would not disorganize completely all legitimate plans, and take away the privileges and benefits to which the investments made arc justly entitled a condition that must be changed. Otherwise, those in business must float along in sea of uncertainty, to land, no telling where.
 It is largely to men like you gentle men, that the country must look for relief, not to the Federations of La bor. Socialists, q Won't Workers, non-taxpayers, and scheming politici-