The copper era and Morenci leader., 1922-10-27


 the primary campaign-that was a hot campaign; darned hot, and my friend, the editor of the COPPER ERA, was throwing his harpoon into me, and I'll say, when it comes to throwing harpoon, he is an artist at it. But, Bill Kelly and have known each other for many years. I recall twenty nine years ago an incident in which we both partici- pated during an Apache Indian out break, while travelling in buck board through the White Mountain Indian Reservation, and of course, naturally, when | came over here and found he was throwing his har- poon into me, got all "het up, and I proceeded to harpoon him, and called him same very bad names some odoriferous names. But, after the primary was over he said in his paper that I had made a great fight and won. Nobody ever made a greater fight, 1000 miles I travelled in my car and spoke over a hun dred times. He knew all about that, and he is behind the Democratic ticket, and he is behind me, and I want to make this apology now to Bill Kelly-he is a good man and a good Democrat
 Why is he behind the ticket. and why are all the Democrats behind the ticket? Because there comes a time in this State, after four years, that the people of this State, who are trying to bear the burdens of this State, must TAKE STOCK.
 You know I was a business man ylY lY1f Nixvr Governor, and twelve years of that time I was President of a bank. It was customery in the old days to take stock once year and later on we took stock every month. There has been no taking of stock in four years. Now, we are going to take stock
 Il want to present to you some facts-to those who bear the burdens or Government. They have not been presented in this campaign There has been great silence on some things which should have been pre- sented
 Now, I am going to read a law. ana l want you to listen carefully. because want you to understand what I think is the paramount issue Tn this camNaign-the stoppage of leaks and waste and to 20 forward m business-like method, and re- store confidence to the people of this state and the outside world If won don't do it you won't get capital. talk about this I. W. Wism-who is an l. W. WI will talk to you about that later on' (Reads Para. 46s7. 1855. c. c. -1913.
 "WhV d0 I call rour o++o,4:o
 this law? Some three years asto there was a bank organized in Pboe- nix called the Central Bank of Phce- nix. and it was supposed. when they started in business that they had complied with the law; probably they mad: but little over a year ago the Central Bank of Phoenix closed it's doors. and when it closed it's doors they found that FIVE HUNDRED DOLLARS of theState,s money was deposited in that ONE bank: more than half of the avail able cash of the state was deposited in one bank. and when they came to inspect the securities of that Bank they were apparently absolu. tely worthless. I have quoted the law. What do you think about it ?I Was that discussed the other night? They discussed a trip to Mexico and a trip to Washington, and talked | about pictures in the Capitol-any. thing to detract the attention of thu ] people of the State from the para l mount issues
 Now you Republicans, get busy 1 and look up the law yourself and you 1 will realize that $500 ,0OO.0O of the ] available cash of the state was de- posted in one bank. We have good | banks ill Arizona: some of the bes, | institutions in the West | ire located in Arizona They were gnored and half of the available l ;ash of the State was put in one bank. There is something else to hat. The Legislature, owing to in ;rease in business i'll Maricopa County, passed law that they should lave another Julge; and, of course, le (CampbelD had to appoint a Re publican, Judge Jencks, and when his Bank failed it was up to some Judge to appoint Receiver They around awhile, as II it, and finally the case ;ame up before Judge Jencks and he appointed MT. Beaumert, the Chair nan of the Republican State Cen ral Committee, and he has been sitting on the lid ever since-that vas months ago-what have you to 'ay about that? If you have any hing to say about that it is time to get up and make a noise. It is one # the serious things which confronts he people of this State. Half of he available cash was gone. and hen they had to call Special Ses- ion of the Legislature to get money. They said they didn't have the mount of money necessary to run he state and that the University would have to close it's doors, and he solons of the State were called nto extraordinary session to pass 'ome kind of law to raise funds: md they passed a law calling for he issuance of what they called Tax Anticipation Bonds. Of course. n Arizona, l have always been used 0 Ascrapping" the mining companies, ut they have always paid their taxes.