The copper era and Morenci leader., 1921-12-09
PHELPS DODGE PLANS ARE ANNOUNCED BY PRESIDENT
 WALTER DOUGLAS
.nager and be assured of cordia!
(Continued From Page One)

llldtldSsGI anu DS dSotAl CQ OA cI SOAN NASA- [ reception.
 eve have to get underground eff | ficiency in this districtsif We are go ing to be successful When we are prosperous we are perfectly willing to share that prosperity with our men, and when it is a question Of either operating or shutting down we will expect labor to take their part of the burden and accept lower wage in order to keep the plant running. Tol predicate the future e-that is, when the mines will be in operation is impossible I think when production is resumed in this country it will probably be very gradual.
 There is more consumption today than there has been for the past year The surplus has been reduced, but there is still an appreciable quantity of copper, but I think in the early Spring or Summer some of the mines will start operations.
 There has been, until recently, no indication of improvements in the fundamental principles upon which all industry s based. In the last 60 days however, there has been a de- cided move toward better conditions. We have in the first place this con ference that is taking place in Wash 'ington There has practically been an agreement there for a naval ratio between Great Britain Japan and our own country, and that is an i'm mense step in the right direction. it means that Great Britain will have money available for purchase of raw material. Now, if that extends to a land disarmament, that will put France in position to buy copper again. The second great step for ward is the probability that nor atorium will be prepared with refer ence to the payment of the German indemnity
 If France accepts and agrees to be party to the postponement of those payments it means that. Ger many is unable to pay now, and the effect will be that Germany will be able to resume her industry on per | haps much larger scale than today 70To of the copper from this coun- try in the past 6 months has gone to Germany. Before the war she was our largest consumer.
 Mir. Hoover made a speech few days ago in which he stated that the year 1921 is year of liquidation and | that 1922 would be the year of re- 1 cuperatior, If that is so, we have some bright spots in the clouds. I q want to thank you for the op- | portunity of making this brief State ment to you, and I want to ask you hfor your cooperation. I want to ask T you to help us in the problems we have here. am sure you will find Captain Hodgson at all times ready to accept any suggestion or discus. any matter with you for the benefit of these communities, and I want tt emphasize the fact that Clifton ant Morenci, so far as we are concerned are twin brothers; we are playing nt favorities. The conditions are anal : agous to what we have in the Coppe
 Queen Branch; there we have Bis
 bee, the concentrating and mining point, and Douglas the smelting point ! Both of these communities are as on :. so far as we are concerned CAT ] | plauSe.) 7 At the conclusion of the talk b. l MT. Douglas, President Burtch calle upon Capt. J. P. Hodgson, who re y sponded as follows:
 MT. Chairman and gentlemen, i is very difficult for me to say any
 thing just now. I am not prepare
 to say anything directly I have bee very glad to hear the President c
 the Corporation, MT. Douglas, mak
 the statement that he has made, an
 indications seem to point to a rathe slow, but definite, improvement. 2 seems as though we have passed mic | night-at any rate we hope so T can assure you that I will a. sume this added responsibility wit . ] great deal of anxiety and with a o ambition to succeed. I feel very SO = = ry to take leave of my fside-partne ' here, Indicating MT. CarmichaeD C
 to lose him from this District M . Carmichael and did not know eac
 other very we'll when came her
 but in the short time I have been he1
 now-about yearsII have learne
 to know the man and find that he
 one of the staunchest, truest men
 have ever met, and I want to say
 out loud before you gentlemen here
 and I say he leaves with great de;
 cf. regret on my part.
 At the same time expect to ca
 on him from time to time for ca
 tain information he can give that
 have not. He has heen here a Ion
 time, and I know. l viii get any; i
 formation from MT. Carmichael. th: I need in my work
 T wish, to thank you gentlemen f . your heartfelt interest and appreci
 tion of MT. Douglas speech, and al
 wish to. assure you that, so far {;
 I am concerned. I will do anythirg 2
 can for the best interest of the d
 trict, for the building up of the col
 mulities and the education and u
 lit of the people as we'll as the a
 vancement and efficiency of the i I dustry. (Applause)