The Coconino sun., January 13, 1900, Image 8

About The Coconino sun. (Flagstaff, Ariz.) 1898-1978

Image provided by: Arizona State Library, Archives and Public Records; Phoenix, AZ

                
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THIS COCONINO SUN.
(Site ocouiiti? m.
Entered In Hie Postofflco at Flah'stafT as second
class matter.
Issued etcry Saturday. Subscription prlco,
two dollars a jear, in advance. Kiery paper
Is stopped at the explnitlonof the tlmo paid (or
C. M. FUNSTON, Editor.
Saturday, Januaiiy 13, liHX).
A WARNING TO THE "LAMBS."
The recent collapse in copper stocks,
and the unexpected stringency of the
money market in the east, are warning
which cannot safely he left unheeded.
Only one of two causes could have
'boomed" these stocks to the perilous
height attained; either a tremendous
conspiracy to blackmail the manufac
turing interest, or an even more infa
mous attempt to "bleed the lambs,"
that is, the unfortunate and innocent
individual investors. This must be the
The curious situation in Santa Fe,
New Mexico, where the government
claims; to be the real owner of all the
land in the city, will be put an end to
if a hill introduced by Delegate Perea
becomes a law. Under this, the gov
etnment quitclaims four square miles
of land to the city in trust for the pres
ent holders. Government buildings and
ro.ei vations are excepted from the
grant. Mr. I'erea also Introduced a
bill making the Santa Fe P.icillc Ilti.il
road, including the whole of its prop
el t. in Now Mexico, suhjeettotaxatlon
under the territorial laws.
ease, because there was no adequate in-1
crease In the demand lor copper to
warrant the rice in the price of say
electrolytic copper from ten cents a
pound in 1899, to twenty cents in 18!)!.
The same may be said of the greatly
increased prices of iron and steel, lum
ber, leather, paper and other "con
trolled" staples. Tho stocks issued
and bought on tho basis of present
prices and profits, cannot be safe in
vestments, because the manufacturer,
builder, consumer and exporter cannot
use thera largely at a profit, or saving
to himself. It may bo that tho lesson
will he learned in time, that no jug
glery can make four out of two, or even
make thera appear to bo so for any
length of time. From the January
number of the National Magazine.
THE statement of the count affairs
dining the ear 18!)!). published in this
issue, shows a reduction of a goodly
sum in tho floating indebtedness over
the previous ear, and should be grati
flng to all tapaers. The reduction
is due to two reasons, first, there lias
been no undue expenditures during tho
ivj.r, and second, the present Hoard of
Supervisors had the good judgment to
raise the tax rate and to equalize tho
assessments. With the same action
by the boaid for this ear, the end of
tho ear will seu the floating indebted
ness wiped out.
THE Lite distinguished Union gon
ei ill, John C. Newton, after careful in
vestigation, declared that more great
battles were fought, more men engag
ed, and more execution done on the
famous battlefields in Spotts.ilvuniii
county, Virginia, known as Fredericks
burg, Salem Church, Chaneelloisville,
the Wilderness, and Spottsylvania
Court House, than on any torriioi of
similar aiea in the world. For this
reason, Mr. Hrosius of IVnns.Wvanlii,
has intioduced a bill appropriating
$100,000 for the purpose of acquiring
and suitably marking this tenltory
and transforming it into a national
park.
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