Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-01-09

$1,0I2, 397.l4 or Il pei cent OF uQ6 antlre
deposits. Following him We find the
ranchmar1 and farmer with 1892, 012.4G,
or 1877 per cent of the whole.
These classes, the wage Garner, the
merchant and the ranchman and farm
er, were the silent but powerful fac
tor which induced and which will con-
troll the financial and political beliefs
OF III people,
The power of 81, 500, 900 cash deposits
by wage earners, men n women, is
more potent than the calamity howls OF
a hundred Thousand disappointed par
tisan meier do wells. To use a slang
expression, money talks, and when Oh
deposit to the credit Of the laborers and
merchants it speaks volumes, and Is
never ending in it's influence for q
sound financial policy.
What else do these figures declare ?
In round numbers New Mexico has Ger.
tainly a population Of ESQ, 900. The to-
tai number Of depositors or November
Is, 1899, was $3.50, or me out of every
forty-three OF our people being a citt
zen with an account In bank.
With a population of $500 0 in New
Mexico, we can safely estimate ir
every five to be the head Of a family
We then find that with $4,000 families
and $3.50 depositors, one out of every
nine is a bank depositor. Outside OF the
New England states I doubt whether
this average cam be surpassed; certain.
w in the cities of the Mississippi valley
the average would be less.
What Is true of New Mexico and he1
people is true as we'll OF the people OF
Arizona. 1t is also true of the people
Of Colorado, Utah and Wyoming. but in
those states, largely through the infiu-
ence OF the Denver press, the people
were made to believe THAI calamity was
their portion should Mckinley and the
Republican party be successful. Their
people were convinced that the corpo.
ration and the capitalist had conspired
against the welfare of the plain people
and the voters in those Jurisdiction.
voted their passions and their preju.
dices.
These percentages speak volumes fol
the character and intelligence OF this
people of New Mexico and demonstrates
that u people are NOT only prosper
Gus, but are Intelligent, money saving
l~aw-abiding citizens.
The man with a bank account always
stands for education, progress and Law
and order.
The figures do not include all Of the
cash on hand belonging to our people
on November Is, 1899. 1T is we'll known
THAT very large deposits and many in
dividalals belonging to- the ranchr1an
and laboring CLASSES, living close to
Colorado and Texas, carry their bank
accounts in institutions in Trinidad,
Durango, Pueblo and Ell Paso.
These figures do not entirely repre-
sent the savings OF our people. They
go to show their saving characteristics.
The building and loan associations OF
New Mexico show loans to stockhold-
ers, who are paying for the homes they
have builded, of nearly 81, 1000, 900. The
figures do not show the actual cash de-
posits Of u principal merchants, for
1t is known that they carry heavy de-
posits in eastern banks, not a dollar of
which eve saw New Mexico.
New Mexico and ALL her counties and
cities are conducting the public bust
ness upon a cash basis. New Mexico
4 per cent bonds command a premium.
No warrants are drawn upon any terri
torial, county, school or municipal
treasury unless there is cash on hand
to meet the order. Any and all expend.
lures by county commissioners or
school or city officials during any one
year in excess of the cash actually
raised by taxation and licenses for
public use are null and void. And yet,
att a time of the year when nearly all
the public funds have been used in ths
payment of current expenses, and he.
fore the taxes levied in 1899 have been
paid into the several treasures, we
find on hand in cash, to meet expenses,
over $500, 900.
New Mexico has invested in public
buildings. territorial, county, city and
school, over 81, 500, 900, o IS for each ONE
Of her inhabitants. She has a univer-
sity, two normal schools, am agrtcul-
turat college, a school of mines, a mill
itary institute, a penitentiary, an in
sane asylum and a capitol, which will
compare with any similar institutions
throughout the west.
In volume of business our principal
cities, no one Of which exceeds ~, 900 in
population, do more than many east
erm cities ten times their size.
There Is only n bank in the great
state Of Kansas that Carries so large
deposits as the First National Bank OF
Albuquerque, and 1t is safe to say that
in no city in that state can be found
a bank in which are deposited $685., 222. 81
belonging to wage earners, that being
the amount on deposit by that class in
the First National Bank OF Albuquer-
que on November IL. 1899. In mo city
Of the entire United States of 1000
population will there be found a bank
carrying deposits from merchants and
business me amounting to $685., 5S1 .1S,
that being the amount on hand belong
ing to that class In THE banks Of Albu-
querque. Furthermore. the pro rata
holds good in every city and comhmunt-
ty OF the territory, as shown by the
statistics from each bank from which
the TOTALS were compiled.
It Is safe to say that the actual value
Of all the property, real and personal,
in New Mexico is more than $126, 00O.-
900. The assessed valuation Is about
$40, 00o,Q 900. There are yer 1900 miles
OF ratlroad in New Mexico, enough to