Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-12-07
CITY OF SANTA FE.
A Splendid Showing for the Capital
City and Territory Over
the Year1892.
Some Features of Progress Pointed
Out in Plain Terms-Local
Improvements.

The Fort Worth Daily Gazette recently
issued a mammoth trade edition covering
the southwest and relating to its progress
during the past year. Its article on
Santa Fe and the territory in general
was prepared by Mr.. M. A. Downing, of
tho NEW MEXICAN staff, and is as fol-
lows:
SIT is impossible to describe in word
or phrase the financial situation of Santa
Fe or of the territory of New Mexico.
While on the one side during the past
nine months of 1893, there have only been
twenty-eight failures throughout the ter
ritory, as against thirty-three in the same
period of 1892, on the other hand there has
been sympathetic tightness of money.
This was not for the reason that the local
banks were crippled or in danger, but
WAS owing to the unreasonable timidity
of capital.
AN INCIDENT
will illustrate this. During the darkest
days of the panic, gentleman in Santa
Fe checked his money ort of Colorado
bank intending to deposit it in the home
institution. 1t was sent to him in silver.
The consignment amounted to over 700
pounds Of coin. The bank refused to
receive it because their vaults we're al
ready crowded. At the same time the
bank was only taking out of town drafts
for collection, even if endorsed by its
n ND
loars whatever.
'Santa Fe as we'll as this whole terri
tory is generally
SAFE FINANCIALLY.
"The majority of the people while not
penurious are frugal. They are fond of
simple pleasures but not extravngant.
Their general reputation for honesty in
the matter of debt is far away ahead of
the average run of communities.
"During the past year or so there has
been upwards of $26O,0O0 expended in the
building of model storage works to
supply Santa Fe with domestic and irri-
cation water. This has gone directly
into tho channels of trade and helped
considerably the merchants and local in
stltutions. 1t is possible that the panic
would have worked serious results in this
city but for this cause. AS it was, so far
as the common people we're concerned, it
occurred only as thing read about as
happening in the east.
"Santa Fe enjoys, as people say, the
loveliest climate on earth. 1t is a source
of
CONSTANT REVENUE.
to her population. From every quarter
of the country health-seekers are con-
stantly with US. As general thing these
people are we'll to do and willing to pay
for choice accommodation or service. They
have material influence IN maintaining
local trade. During all this period of de-
preston Santa Fe has never been more
wide awake. Beginning with April l,
when Hon. r. E. Twitchell assumed the Of
flee of mayor, there has been constant
and steady
IMPROVEMENT OF THE CITY.
"Two or three miles of new streets have
been oponed and graded. every one of the
old highways materially improved, and
other valuable additions to the city's we'll
being are projected. At this writing
work Is progressing on a new telephone
service, ~hlcn VIII nave over seventy IN
struments on It's line. Under the auspices
OF the "omans boara OF Trade the plaza
Is pelng remodelied. An elegant stone
coping is being run around it and the
whole graded and plated into beautiful
iowel a,,!s oeus ana ~alks. Inc Guy engineer
citv % straets md everv ono is % hs;na w maae ,
to conform to it. improvements in the
building line have been steady through
out the year. These are a few of the
things Santa Fe is doing during this panic
year.
"Ihere are few old fogies here, who
moan and lament the good old times
when they whacked bulls for hundreds of
miles into Santa Fe. To hear them talk
one would suppose the territory had gone
to the 'demnition bow vows with the ad-
vent of the railroads. The facts above