Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1901-06-22
$S6,1S2 05

$S6, 1872 05
Besides 1877, 1855 acres of land yet un-
disposed of, and 3140,OO0 acres of school
/ lands hot leased.
In regard to capital having been
driven out of the territory by reason OF
the high taxes and generally lax ad-
ministration of affairs, it is fact we'll
known to all of you that there has been
more railroad construction in the ter
ritory during the past four years than
since 1879 and $780, During the last fis-
cal year there were 730 miles projected,
upon which construction is progressing,
and even now the great Rock Island is
stretching across our country toward
Eel Paso at the rate of mile every day.
The records of the secretarys off1ce
show that during the past four years
there were 652 articles of Incorporation
filed for mining and Industrial compan-
les authorizing them to do business In
the territory, and from January !, 1901,
to June Is, 116 filings We're made with
more than fifty million dollars capital,
while for the four years previous there
were only 565 of such articles, and for
the four years preceding this last per-
| iod, 525. The capital stock of these
rcoporations varies from few thousand
to several million each, but every one
represents money invested in the de-
velopment of our territory, while l do
not know of a single monied corpora
ton that has Withdrawn from the ter
ritory, or corporation that has ceased
to do business during the past four
years. This investment of foreign cap
tal in railroads, mining and other In
dustrial pursuits is what we most need
for the development and increase OF
our wonderful natural resources of soil
and mine. Our sheep and cattle inter-
ests will take care of themselves, but
our vast deposits Of iron, coal, gold.
silver, copper and lead require large
capital and expert management to de-
velop and make them tangible assets.
Already our laws are most liberal for
all enterprises of this character and my
policy will be, as in the past, to afford
every facility for companies or individ-
| uals to do business in the territory
which will tend to give our vast natur-
value.
| During my term of Office I have not
heard of a single act of misfeasance,
nonfeasance or malfeasance on the
part of any officer appointed by me. The
revenues have been carefully collected
and honestly disposed of This magnifi-
cent building was constructed and fur
nished by a committee of your citizens
at the ridiculously low sum of $135,0O0
without one dollar of expense for ad-
ministration or supervision. The board
of public lands has collected and turned
over for the benefit of the territory
more than 100000 in cash without
/, cent Of expense except the salary of
the commissioner of public lands and
his Office expenses. Our penitentiary
and other public institutions are models
Of their kind and are better equipped
for their respective purposes than ever
before Justice has been administered
| by our courts more promptly ana surely
than was formerly the case, and our
public schools are in better condition
and have more revenue than since the
present system was adopted ten years
ago.
There are always croakers and those
who look on the dark side of every
thing. They are either ignorant or Will
fully blind who see nothing in the con-
dition of our territory that does not
promise brightly for our future. The
books and records in this building will
corroborate my statements and they are