Arizona republican., 1916-01-01
The New Year

The world has this morning to the begin ming of another For this part of the world it a brighter For the other oart of it there is only deeper gloom. The end of the war sight. spite of all the peace talk there is nowhere the slightest sign of peace There is nowhere evidence exhaustion which might induce peace.
 We on this side have gone through two years of depression, bat for almost six months it been gradually lifting. With the breaking out of tI.e war there was a tendency to stand still. Indeed before the breaking the war, was a tendency to slow down to await the recent national Legislation. There no shortage of money and there likely be none But. as it always happens in times of doubt. money collected and lay idle. Manufactures were curtailed to the most urgent Merchants bought spar ingly because they felt that their customers too going slow down
 Railroad construction was halted and develop ment generally naturally. standstH Money available for neither The only unusual activity in the country the factories engaged in the manufacture of material For them there plenty of money. their prosperity reflected general situation throughout country and it contributed nothing to the country's prosperity It assisted only in making a good showing in our export account. which frequently a meaningless index of tie state trade and finance in the country.
 But six months there feeling that we had waited long enough on the war and it was realized that long the war lasted we need fear nothing any national legislation that had been enacted and which had administered ;o us our first scare. Merchants began buying heavily for the winter trade and their optimism according to reports from all parts of the country. was war ranted Many factories which had lain idle for year resumed operations and the beginning of the year. conditions the country better than they have been for three years
 our situation has vastly improved Copper mining. which in this state de- pends greatly curtailed a year ago. Not mine in the state running at more thar haIf it's capacity. There little demand for copper: there almost a home and three -fourths of our foreign market had been closed against us by embargo copper, that selling only a limited amount to the allies at small price. They were buying the greater part of their supply elsewhere. But now, except in the Clifton district the mines buster than they ever been in turning out copper prices which the optmis- tic would not have dared year ago predict
 In this situation and because of financial disturbances year ago Phoenix upon a peculiar period of depression. The trade of the merchants fell off and real ceased to move. That condition that obtained through spring, summer and early fall. Those of Encouragement But in mid-fa there came change. Business picked up unexpectedly and much real has changed hands within last month two. A great deal of money has the community to pay for country real estate.
 The outlook has continued grow brighter so that believe that with the opening spring there will be private undertakings. believe. also that about to enter upon an era of great municipal improvement.
 Altogether think that this best New Year Arizona. Phoenix and the Salt River Valley have met fer some years, It promises much for mines. the merchants. the livestock for laboring It is only necessary that there should be a getting together to await themselves all the good things that the New Year has in it's tap.