Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1902-11-25
Territory Of New Mexico =
Governor Otero's Report

The annual report of the governor,
Miguel A. Otero, SHOWS material pro.
igress in all branches of industry in the
'territory and embodies detailed state.
ments from all county and territorial
Offices.
The population of the territory, &C.
cording to the last census. was 1880.
The estimated population on the 30th
day of June, 1902, based upon a com
parison of registration returns, the
vote cast at elections and the last an.
nual school census, is 246, 700, of which
12,700 are Indians.
The financial standing of the terri.
tory is stated as excellent. Under
lbeneficent acts of recent legislative
assemblies it has been possible to ac-
'cumulate a surplus in almost every
fund in the treasury. enabling all OBJ
legations TO be promptly met, leaving a
handsome surplus to be used in the re-
'duction of the interest bearing debt.
The bonded debt on June 1, 1901,
was $1,1S0,9 900, on which there was
paid during the past year s57, 800; the
bonded debt outstanding June 1, 1902,
was s1,123 800. Since that time sink
ing funds have accumulated sufficient
for the redemption of the bonded debt
in the sum of $50, 246.26 leaving the
net bonded Indebtedness at this time
$1,034 ,053.74. For more than a year
past, it Is stated, endeavors have been
made by the territory to buy unmatur-
ed bonds without success. Many or.
ders have been filed to take up any
bonds the territory might issue, and
there has been a wide demand for
county and school district bonds. The
territorial tax levy bonds for all pur-
poses is now 1899 mills, far below the
average in the western states.
The banking institutions are in a
flourishing condition. There are four
an increase of four during the past
year, one located at Ration, and the
others at the new towns of Portales,
Santa Rosa and Tucumcari. In addition
there are twelve banks operating un
der the territorial laws, a total of
twenty-six banking institutions, having
aggregating nearly $40, 000,-
600, with deposits of over 81, 500, 900.
In the line of industrial development
the governor states that as large and
as many as were the charters filed in
New Mexico for various Industrial en-
terprises during the fiscal year ending
June 80, 1901, that record is exceeded
by that of the fiscal year ending June
30, 1902, which shows the several
corporations chartered to number 205,
with a total capitalization of 500, 4S0,
100. OF the corporations sc organized
10 were for the purpose of mining
milling and smelling, having a com
b;ned capitalization of $73,017, $50; SO
for manufacturing and other industrial
pursuits, with a capitalization of 81,
796, 500; six bank, building and loan as,
.%sociations, with a capital of 81, $3.50 600
six railway companies with a capital OF
Sl5,S25,O0O, to construct S34 miles OF
road; ten irrigation and land improve
ment companies, with a capitalization
of 81, 011 900, and ten benevolent and
charitable associations. Last year there
was a gain of f%orty-one in the number
NJ industrial corporations filed over
the previous year; this year the gain
is fifty-five in number, which measures
to some extent the great forward
strides New Mexico is taking.
One million one hundred and twelve
thousand five hundred and ffty-one
and ffty-four hundredths acres of the
public domain have been entered un
der the homestead mi various govern
ment land laws. two-thirds of the area
nus taken up being in the counties OF
Colfax, Union, Guadalupe, Santa Fe
Lincoln, Chaves and Otero, contiguous
to the new lines of railroad.
The court of private land claims dur.
ing the year has judicially considered
land covering a large area and now
has pending cases involving only 141,
T60.97 acres. Since the organization