Arizona republican., 1921-07-26

4ne men NnO gathered together last evening are in closest touch with conditions Tn the valley, and they represent every avenue of endeavor Merchants, bankers, farmers. heads of public utilities, they have seen business stagnated by the groundless declarations which have been created by ignorance of things that are being done in this section of the southwest and the plans that have been laid for the future. and they have arrived at resolution that faisehood is to be met by fact assertion by proof. and the idier by the worker.
 Optimism 10 Keynote
 The meeting last night was pre- sided over by George Il. Moriarty of the Harold L. Arnold company, with whom the thought of a campaign of optimism first took concrete form; and who outlined the idea in the key note speech of the session.
 Moriarty emphasized the thought that business is not poor. but that it is normal It has returned to the condition in which it was two years ago, he said, when the merchant was forced to work for the advancement of his interests. It has not returned to Its condition O. a year ago. when he could sit at. hIs desk and have
  from him. In other words, Moriarty asserted, the business is here, the money is here. and all that is lacking is the will to see that conditions are simply those which must be faced always.
 The speaker also stressed the point that a feeling of pessimism has aris- en because the businesz man has transmitted his lack of confidence to Iss- .~r< .t<I ally. There is as much money on deposit in the banks of Phoenix to- day. he said. as there was year ago, but one man refuses to draw on his account because he is afraid that an- other will not pay him, and the sec ond man is afraid. in turn, that a third win not take care of his ac- count, and all of them are losing money because of fears which have no foundation, but which are strengthened by the. idler on the street corner and by the senseless declarations Of those who have not or will not investigate conditions for themselves.
 Moriarty, after having finished his examination of conditions here, asked for suggestions for plans to dissipate the cloud which has been conjured up by the rumor- -monger and the care less, and he was answered by a num- Der of those present. all the speakers giving instances from their own knowledge of the real advancement that is taking place in the city and the real advancement that Is being made here commercially.
 Moro Building
 These business mel brought out the fact that the building permits for the first part of this year are Of greater value than for the same period in any previous year in the history of the city with the exception of 1920, and only little less than those of that year that the alfalfa raised; in the valley. this year will have value of more than s4. 4.000 900: that the cantaloupe crop has been worth in excess of $60o.000 that there Is now being raised in Salt River Valley larger amount of produce than at any time previous to long staple cotton years: that the greatest highway pro- gram in the United States is actively under way, with a total of $s,500,000 to be spent: that public utilities, cognizant of the fact that the de-