Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-01-16

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complexion powders. They make the skin
healthy and the complexion clear.
larger average percentage of the whole
territory, or .6512, then all that can reas-
onably be relied upon to produce income
under the territorial revenue law is, not
the total assessed valuation of all tax
able property in this county. but oslo
thereof, or 81 142 .027, so that the actual
income derived from a levy of ! per cent
would be $l1 ,42O.27.
In determining what amount can an
nually be raised in this county from
taxation, consideration must of course,
be had of the rate Of taxation which the
inhabitants of the county can pay and
still realize sufficient from the earnings
of their property holdings to warrant
them in not removing all their movable
property to more favored localities, and
abandoning their immovable property
as worthless. No business man will long
employ his capital and energies in any
community where the greater part of
his earnings are required to pay his
taxes, and the effect OF a rate of taxa
ton producing that result will not only
be to drive out the merchant class, but
ultimately the personal property owners
of all classes, as we'll as be p%rohibitory
of any new capital or enterprise locat-
ing for business purposes within the
county limits. 1t is believed that the
large majority of the holders Of this
county's Indebtedness are men of such
business experience that they will see
without argument, that any attempt at
ov~er-taxation must certainly result in
such general business paralysis and de-
crease in values as would make the
bonds of this county held by them prac-
tically worthless.
Consideration in fixing a rate of taxa
ton which can be paid by property own
ers in this county, must also be had to
the peculiar conditions of this county
and to a fact not heretofore mentioned,
namely: that more than half the taxable
property of Santa Fe county, and vastly
more than half its taxable personal
property, is situated and taxed in the
City Of Santa Fe, property owners of
which now pay, in addition to county
and territorial tax, more than X
per zen city tax, of which 10 mills is
for city current expenses and S mills for
city schools, a rate which will almost
certainly increase rather than diminish
in the future.
While opinions may differ as to what
rate of taxation can be paid in this coun-
ty without disastrous results, as we'll to
property owners as to creditors, nv per-
sonal belief is that the highest rate that
can be paid without such results is 6
per cent on present assessed values in
Santa Fe city, where opportunities for
realizing profits on investments are gen.
orally superior to those OF the remainder
of the county, and ~ per cent in the
mainder Of the county, where the
tax payers are largely poor per-
sons engaged In agriculture and
stock raising in a small way.
The territorial and county tax will then
In each case be SO. 045, which added to
the city tax for property owners in this
city, will increase the tax in this city, or
more than half the taxable property
the entire county, somewhat beyond
$0.O6, as the 10 mills for current city
fund and S mills for city schools is not
all the city taxes now levied upon and
paid by Santa Fe city property owner
The rate of taxation thus indicated
will then annually net for county and
territorial purposes, ~ times 81, 420.27
or S51, 391. 21. With that sum it is a
process to determine what part of
1t will be available for payment of inter-
est on the county's debt, as above stated
by deducting therefrom payments which
the county must make in the nature of
fixed charges, that is, for general cur
rent expenses Of the county. court eX-
penses of the county, and the sum which
the county is required to pay as a terri
tax.
Consultation by me with the chairman
and clerk Of your board disclosed the
fact that the present current expenses of
this county exceeded $1,000 per month,
or not less than $4,000 per annum,
and that the court expenses mentioned
would not be less than 5000 per an
for the present year, which is an
average year for such estimate. The
proportion of territorial taxes paid by
Fe county this year is S21, 1884. 4S,
md Is not liable to decrease for nnmer-
years to ONE. The figures, then,
IRE as follows:
Total cash receipts of tax levy
of ~ per cent............ $51.3 ol 81
Annual expenses of county
nature OF fixed charges:
General current
expenses of
w.. $4,000 90
Court expenses of
county .........,. 10000 90
tax. a1,364 as
-- $4s, 1854 40
Balance for payment of in
terest. Observation-Disclosures. s s,02e 70
Three thousand and twenty.six dol
as and s%eventy-three cents will pay in
crest at 4 per cent on o debt Of $75,.
1913. rs, which sum is .O7s5, or less than
per cent Of the present county debt.
II this levy be increased to q s per
,ent tax for the county generally, and
* per cent tax for the city of Santa |