Arizona republican., 1922-05-12
No Place for the Rssaimist

Our rule with reference to communications sent
to this office is to print them if the writers desire
whether not the views contained therein coincide
with own or not provided they are not inordi-
nately long and generally offensive to morals
race or religion.
We must, though, make an exception against one
which has just been received on account of its loud
note of pessimism as well as because the name of
the writer is so illegibe that we cannot even make
a guess at it.
The letter leads up to complaint against excess
i've expenditures for education. That would by no
means bar the publication of the letter, for in that
respect much of the complaint is well founded we
have thought and said that believe We could
somewhat curtaiI expenditure education without
mpairing the efficiency of our schools in the slight
est degree.
But the preamble bristles with pessimisn There
painted distressing financial condition which does
not exist And if it did exist in the degree in which
it pictured the closing of every school in the state
would not relieve the situation
The people of Arizona are not pessimistic. In
the depth of the depression from which we have
already come long way upward they were not
discouraged They struggled along bravely, knowing
that their troubles could be only temporary
There few, only comparatively small
number of them who gathered on the street corners
talked hard times and described the steady progress
Of the state and the whole country toward the devil
No doubt of this croaking added to the burdens
weak souls. But the great body of the peo-
pie were not cast down by their real or imaginary
woes.
And some of the newspapers for purely political
purposes have been joining in the outcry against the
times. They have declared the state and the people
10 be bankrupt condition to be relieved only at an
election next fall
Now what is bankrupt? He is one who can
not pay his debts; whose credit has been reduced to
the vanishing point-whom no one any longer trusts
But is that the condition Arizona and its people?
Not long ago something happened that no one
seems to have associated with these allegations of
state and individual bankruptcy. The state had
shortterm bonds in the volume of million dollars
to sell and had fixed minimum rate of interest at
per cent Two months ago when the bin authoriz-
Ing the issue under consideration it was ques-
toned whether the rate sufficiently attractive;
only year ago another bill authorizing similar
bill fixed the interest rate at X per cent.
Recently the last issue of bonds was sold to
New York banking firm which took them at Az per
cent We suppose the bonds of state in the Union
bearing lower rate of interest have been sold. The
New York banking firm seems to have had faith in
the credit Arizona and confidence that the ndi-
vidua1 citizens of the states would be able to pay
their taxes for it is that ability that the bonds
are founded. So, let us hear no more of the bank
ruptcy of Arizona or its people
Just now series of meetings of the hay grow
ers of this valley is being held in the matter
ketng the crop which is already being gathered 1t
was conservatiyely estimated by the yield and the
prospective prices that the crop would bring the
valley s4oooOOO though it will probably be
than that
And that is only commodity. Other millions
will be pouring into the valley with the season; not
only into this valley but into all the agricultural
regions of the state, and still other millions emp
tying into the. mining camps which year ago were
still and idle.
There is no room for pessimsm in Arizona.