Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1901-06-22

various institutions.
Common school income fund sl44Oi .g2
Normal school. Silver CITY,. iO,S3O.6O
Normal university. Las Vegas 10.S3062
school OF mines ......... 3,36S.46
penltentiary -. .......... 14.519.i6
Mlntary institute .......... 6,512.1i
BIlnu asylum t............ 32.1i
Deaf and dumb asylum ..... 12,6S6.7l
sS3.1S2.O5
Best les 1S~7.735.95 acres of land yet
u~nuisposed of, and 3.li0,0 0 acres of
school lands not leased.
I'm regard To capital having been
driven out Of the territory by reason
OF the high taxes and generally lax adj
ministration Of affairs. Il is a fact
well known to all Of you that there
has been more railroad construction
In the territory during the past four
years than since 1879 and 1880. Dur.
ing the last fiscal year there were
100 miles projected. upon which con.
struction is progressing. and ever now
the great Rock Island is stretching
across u country toward I'll Paso
at the rate of a mile every day. The
records of the secretary's Office show
that during the past four years there
were 652 articles OF Incorporation
filed for mining and Industrial com.
panies authorizing them to do bust
ness in the territory, and from Janu
AIRY !, 1901, To June 18th. 116 filing
were made with more than fifty mil.
lion dollars capital. while for the four
years previous there were only sos Of
such articles. and for the four years
preceding this last period, 525. The
capital stock of these corporations
varies from a few thousand to several
million each, but every one represents
money invested in the development Of
our territory. while | do not know OF
a single monied corporation that has
withdrawn from the territory. or cor
poration that has ceased to do bust
ness during the past four years. This
investment OF foreign capital In rail
roads. mining and other industrial pur.
suits Ia what we most need for the
development and increase of our won
derful natural source of soil and
mine. Our sheep and cattle interests
will take care of themselves. but our
vast deposits of iron. coal. gold, sill.
yer, copper and lead require large
capital and expert management to de-
yelupe and make them tangible as
sets. Already our laws are most llbe-
raj for all enterprises Of this charac.
ter and my policy will be. as in the
past. to afford every facility for com.
panies or individuals to do business
in the territory which will tend to
give our vast natural a com.
mercial and market value.
During my term of Office | have
not heard of n single act OF mis-
~feasance, n~onfeasance or malfeasance
on the part OF any officer appointed by
me. The evenue have been carefully
collected and honestly disposed of
This magnificent building was con.
structed and furnished by a commit.
tee Of you citizens at the ridiculously
low sum OF $4,000. without one dol.
lar of expense for administration or
supervision. The board of public
lands has collected and turned over
for the benefit of the territory more
than 500, 900 In cash without a 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 and
Cul'lS tuuu Nub lOInltIy tnt tuHt,
aud 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
everything. They are either ignorant
or wilfully blind who see anything
IN the condition of our territory that
does not promise brightly for our fu.
ture. The books and records In this
building will c%orroborate my state
ments and they are open to the in
spection OF any one who wishes to
know the truth about our condition.
Each year shows a decided improve.
ment and advance; and under the oath
| have just taken and my obligation
as n citizen. II will be my duty and
my pride to assist In that advance.
ment and Improvement so far as In
me lies. Fellow citizens, | do not
expect to complete my four years
term of office. Before that time ex-
plres | firmly believe that my term
will be ended by our admission as a
sovereign state of this grand old union
and that another white star will be
added to that glorious constellation
that floats on the azure field above
US. whose luster will not be dimmed
nor It's glory diminished by any OF
those which have been placed there
before. for New Mexico In war or In
peace. at Valverde, Las Guasimas or
Luzon, in Chicago, Paris or st. Louis,
has always been progressive, aggres-
sive and more than loyal to the United
States and its flag under who's pro. |
tecting folds II came ifty-one years
ago"