The copper era and Morenci leader., 1922-01-06
HOOKING AT THE NEW YEAR

The year 1921 has passed into his tory. In the Cliftont=Morenci dis trict, in common with other mining centers of the state. it was year of industrial depression, unemplcc- ment and hard times generally We are not out of the woods yet but the end of the tangled path is in sight.
 The industrial captains of the coun- try, including Secretary of Com merce' Hoover, confidently predict a general resumption of industrial ac- fivity throughout the country in 1922 In a speech a few days ago the Se- cretary of Commerce, who has his hand constantly upon the industrial pulse of the country, stated that the year 1921 had been one of Iiquida- tion and that 1922 would be year of recuperation, general recupera- ton of industrial activity in the na- tion and abroad is a requisite of the early return of prosperity and the copper industry will be among the first to move forward to meet the demand.
 In the consolidation of the A. 6 N. M. R. R. with the Fl Paso &5 Southwestern System and the merg ing of the A. c. Co. Ltd holdings i'll the district with that of Phelps Dodge Corporation, the temporary result has been to further curtail the num- Der of employed in the district and especially in Clifton, but for the benefit of those pessimistically in clined, let it be remembered that this curtailment in number of em ployees. as a result of the mergers, is but temporary.
 As a prominent Phelps-Dodge of 1iciaI put it this week: "We have all got to spit on our hands. buckle our belts notch more, and hold tight little while longer, secure fin the knowledge that bigger things than ever are ahead of every town fin this district in the near future" 5- Walter Douglas President of Phelps Dodge Corporation, a few minutes before he left Clifton on his recent visit stated to the ERA: Hln the next few years you will see the Clifton-M Morenci district one of the largest producers of copper in the world. .''
 What do you mean by that?'' asked the ERA man.
 "r mean an output of 150,000,000 pounds of copper annually" replied the Phelps Dodge President.
 In a brief sentence that tells the story of the future outlook for this district unsurpassed anywhere in the world for it's immense reserve ore bodies
 The prosperity of the district means the prosperity of every town in the district. The prosperity Of the dis trict. means the prosperity of the Duncan valley and the cattle rancher Our interest are so closely inter- woven that the prosperity of one means the prosperity of all.
 It is perfectly natural for the Cliff tonite to feel a bit gloomy as he sees the old A. e. Co. Ltd. name oblitera- ted and old and familiar faces dis appear from their accustumed places, but the consolidation plan that has now become an accomplished fact, has long been recognized as the ideal plan for the operation of the proper fies in this district on a larger scale.
 To know that the future of the dis trict is in the hands of Phelps Dodge Corporation, brings the knowledge that these big plans will be carried out in a through manner and the feel ing comes with it that the proverbial Phelps Dodge square deal'' policy will be extended to the entire dis trict.