Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1899-01-26

The insurance bill introduced in the
house by Hon. Rafael Gallegos, provides
that on the first day of April, 1899, and
on the first day of January each year
thereafter, insurance agents doing bust
ness in the territory shall make q sworn
statement setting forth the life, fire or
accident insurance companies repre-
scented by him, and the amounts receiv-
ed from premiums singly and in the ag-
gregate. The statement shall be ac-
c%ompanied by the annual license which
is graded as follows for agents whose
premium receipts have been more than
$4,000 and less than $40 1000, the license
shall be $50; more than $50, 900 and less
than 100000, 500; than $780, 900
and less than $40, 900, $50; more than
100000 and less than $50, 900, $500. After
deducting 4 per cent for the fees OF
the insurance auditor the balance col
lected on license shall be paid to the
territorial board Of education. Insur-
ance companies not organized under the
laws of the territory shall not transact
business in any county without having
| a duly authorized agent residing in the
county seat. In lieu of the $40, 900 cash
deposit the various insurance comp a.
MES may deposit a good and sufficient
bond for the amount.
Hon. H..O. Bursum has introduced an
act in the council to encourage industrial
development in the territory of New
Mexico. The bill provides that all sugar
factories, wooden mills, tanning extract
factories, leather and shoe factories,
sash, door and box factories, furniture
factories, %foundries, canneries, refining
or reduction works for ores, including
all machinery necessary for the opera
ton of mines, concentrating plants and
stamp mills, together with all fixtures,
buildings and machinery ap%pertaining
thereto including real estate not exceed
ing 100 acres for each factory or mill
shall be exempt from taxation for q
period of six years from the commence
ment of operations.
Mineral county out of portions of Col
fax, Mora and Taos, is an lrridescent
dream, dreamed of by some Of the min.
ing magnates in that section. La Belle.
Red River, Hematite, E%lizabethto wn
Rio Hondo, and other mining camps are
to be in Mineral county, when it is
created. II that will be no one car
tell at this writing.
House bill No. "a. introduced by Mr.
w. II. Schultz, provides stringent pen,
alties for the carrying of concealed
weapons, and should be passed. The
present law upon the statutes seems in
adequate.
A. Il. Hobbs and Charles Springer, o.
Ration, are in the capital; it is under
stood they are watching the county
creation situation from the standpoint
of Ration citizens.
Hon. Frank Springer, of Las We
gas, was a visitor to the legislative halls
on yesterday. He was being introduced
to members by w. H. II. Llewellyn.
Otero county is .looming up and may
be a reality before long. Indeed the
probabilities are that it will be a stern
fact in a few days.
Mrs. Sol Luna and Mrs. Otero, of Va.
lencia county, observed this mornings
council proceedings from seats in the
visitors gallery.
The third house in the legislature
will meet in representatives hall at s
O'Clock tonight for the initiation of new
members.
Bill No. 13, giving fidelity companies
the right to do business in the territory
passed the council this morning.
Hon. j. d. Bowman, of Las Cruces
was a council visitor this forenoon.
Chief Justice Mills greeted friends in
the council this morning.