Arizona republican., 1922-02-15
BOSTON CAPITALIST
CHOOSES CLIMATE Of
PHOENIX FOR WINTER

Nathaniel L. Amster, capitalist
and one-time Arizonian but now
claiming Boston as his place OF resi-
dence, is registered with his family
at the Hotel adams. Mr.. Anlster
was formerly president of the Shan
non Copper company Of Clifton and
still retains his interests in that COR
poration, which has been absorbed
by the Arizona Copper company of
Gleason and the Yeager mines. He
is owner also of the Globe Light and
Power company, which he built 25
years ago. But his chief interest at
the present time is railroading. he
being chairman of the executive
committee of the Rock Island lines.
Mr.. Amster has brought his family
to Phoenix toe escape the rigorous
winter of his adopted city and has
fallen under the spell of the sun
shine and desert air to such de-
gree that reservations at Pasadena
hotel have been held UP while he
motors and golfs and tells everyone
who will listen what he thinks about
the Phoenix climate"
"Its a regular paradise. this val
ley, and can't understand why peo-
pie who live here don't realize this
and capitalize it" exclaimed Mr..
Amster. Here you have a veritable
Egypt, so far as climatic conditions
are concerned, and yet Americans go
TO Europe, to Florida and to Cali
fornia and pass Phoenix up because
they've never been told anything
about it. Your city should be teem-
ing with eastern tourists who would
bring their money 10 invest in the
place which benefited them. The
surrounding agricultural country
would be, helped by this as well as
the city and property would be sold
by the inch instead Of. the acre. as
1t is now"
So excited has he become about
the possibilities of the valley as the
greatest winter resort of the future
that Mr. Amster has offered 70 help
finance the building of a great hotel
which would cater TO tourists.
IF the business men OF the city
viii put up 100000 in junior securi-
ties will add enough to put up a
half million dollar hotel and guar
antee to give it the necessary pub
licity to insure it's success" he said.
''The hotel could be set outside the
city limits where it could have spe-
cious grounds surrounding II. with
golf courses, tennis courts, swim
ming tank, and all the appointments
OF establishments catering to the
moneyed and leisure class of the
country"
He is an optimistic business man,
too, believing that conditions are get
ting back to normal. and that the
worst of the depression is past. But
where the railroads are concerned.
he believes that the country is really
waiting for a settlement of the rate
and wage question before resuming
normality.
.The country cannot enter into any
prosperous era without the railroads
becoming purchasers OF raw mate
rials and greater employers of labor"
stated Mr.. Amster. The latest move
in that direction was made by Secre-
tary Hoover when he advised that
the government should help the rail-
roads with it's credit so that the
roads could begin to place orders for
equipment. Senator Cummins of
Iowa recommended, and President
Harding was in favor OF, bill for
funding the railroad debt to the gov
ernment which would release some
$500. 900, 600 which the railroads
would have liquidated for their
vouchers. The railroads would then
nave Deen dDie 10 enler hHHlsuldLSi9
into a campaign of expansion, but
the bill was shelved. However. with
Secretary Hoover strongly in favor
of the bill. things look promising.
and believe that a financial plan
will be worked out which will en-
able the railroads to enter on cam
paign of betterment.'
AR Amster expects TO go later TO
Pasadena. but mot until the rain
and fog is over with"