The copper era and Morenci leader., 1921-12-09
PHELPS DODGE ORGANIZATION AND OPERATION PLAN |S ANNOUNCED BY PRESIDENT WALTER DOUGLAS

of pessimistic feeling prevailing in Clifton by reason of the re-arrange-
 ment of affairs under one manage
 ment including the removal of the
 general offices of the company and
 the railroad shops, and MT. Douglas replied:
 Clifton, or any other town in the county, has nothing to fear from the
 encouragement. The solution of the
 problem confronting the district to-
 day is found in economy in opera
 tions. The cost of production must
 come down and the consolidation of holdings will make this possible.
 That was the controlling factor in
 the recent transaction. Eventually
 we shall see production in this dis
 trict on big scale bringing cores
 bonding prosperity to all. With the
 completion of the highways now un- der construction, the returning pro sperity to the cattlemen and the farm
 CT as well, and the resumption of
 activity in the mining field, Clifton, the most available town in the coun- | ty, and the county seat as we'll, the ! home of high class employees. will 1 enter upon an era of prosperity and | growth never equaled before"
 1 Admitting that he had heard there
 had been more or less of friendly i rivalry and jealousy existing be-
 tween Morenci and Clifton in the | past. MT. Douglas continued:
 The situation was probably brought
 about owing to the existence of the | two companies in the same field. Now that situation is changed. We are l f,, ha l solidation plan and the prosperity
 of one will mean the prosperity of all 1 and the whole district will work in cooperative way to make
 this camp the equal of any cop
 per producing district in the state.
 Under the Phelps Dodge plan Clifton
 will be to Morenci what Douglas is
 to Bisbee; in close relation to each ;; other with rlo favoritism shown as ! to the welfare of each community
 And I want the Clifton people to feel that way" he said.
 :! MT. Douglas expressed himself as ! gratified that he had been able to induce Mir. Carmichael to come into
 the Phelps Dodge organization in his present position, and that his splen' | did record of achievement in this
 district would make him a valuable
 addition to the Phelps Dodge Corps ! Reverting to conditions in general as, affecting the resumption of copper production, MT. Douglas continued:
 Prospects of opening up the cop per mines of the United States are , ct bright at the present time, anc
 don't think anyone can decide, Very well. now, when the mines will c?tr , up.
 Undoubtedly the low cost produc | CTS. will be the first to open up.' b.
 said but very few mines c,1 af
 ford to do it al the present price O ! inc metal It is again, not so mps. , natter of the price at the reseu time, but the corsumptior is nc l. c,,! al to the possible production. an' I If the mines were to reopen HOW i l. would simply mean that the surplus l would continue to accumulate, to tn f detriment of the industry. There l , still a very large quantity of surplu , copper. amounting at the presen l time, I think. to S00,000,000 pound I and it must be understood that ther p is very little, indeed, in the proces e of manufacture under existing COT e ditions.
 j. What is being awaited is re r sumption of activities by those 1T l. dustries in the United States an a Europe using copper. On the basi V of the 1918 production this countr l. can produce twice as much coppe n as is being consumed in the worl s today. and that kind of activity woul a not help anybody"
 O When it was pointed out to MI s Douglas that the stock market al
 t.ly nr1ff t,fi l. view of the copper situation, he c, }. pressed the opinion that such vief e was an exaggeration. He does nc e think that the situation has funds r;.t mentally improved as yet. "Altheug "a the surplus copper has been reduce f. in tho last six months, it is still yer s larRa." he repeated.
 #, We have to find solution of tn Q many complicated international pr' s blems before we can consider ther a is fundamental improvement in tn l. conditions surrounding the coppe O market" the President of Phelp " Dodge Corporation insisted.
 r. '"Before the war Europe consume e half of the production of this countr. n while today it is not consuming 2lG e of it's former supply. Until the Q, e change rates are rectified it will col y- tinue a matter of impossibility f; @ Europe to buy our copper. It is tru e. that England's currency stands at .r depreciation of only about eightee d per cent, as compared with man ,r hundreds per cent of that of Eur Iy pean countries, but it must he r n- rnembered that the condition of il o. dustry in England is as bad as it to here, if not worse. There is Q pra Id tical cessation of industrial develo N ment of every kind, and the Englis h. are overburdened with taxatio ,i. labor disturbances and troubled vii ,k great political problems. but u IT, splendid settlement of the Iris IT, question, the optomism surroundir
 the international disarmament co ae ference, the approaching internatio ss al exchange convention, all are SUI