Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1902-11-25
THE GOVERNORS
ANNUAL REPORT
More Comprehensive Than
Ever Before--A Splendid
Advertisement.
BONDED Debt IS REDUCED
More Land Should Be Set Aside
for Territorial Educational
NEUTRALITY-SUSPICIOUS. Sub
jects Treated.
BONDED DEBT IS REDUCED

| lOOU0 1lONVOui
| Governor Otero's annual report to
the Secretary of the Interior, will be
ready for distribution in the course OF
| a few weeks The report is more COM
prehensive than ever before and is as
splendid an advertisement of the re-
sources and the advancement of New
Mexico, as has ever been compiled. 1t
| is finely illustrated and reviews in de-
| tail every county and every industry OF
| the territory the status of it's pubic
institutions, it's public schools, and its
many activities. The following is u
brief outline of those parts of the book
| which speak in general of the advance
| ment of the territory during the past
year:
The estimated population on the 3Oth
| day of June, 1902, based upon 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 ben
eficent acts of recent legislative assem-
| blies it has been possible to accumulate
| a surplus in almost every fund in the
| treasury, enabling all obligations to be
promptly met, leaving a handsome sur
plus to be used in the reduction of the
interest bearing debt
| The bonded debt on June l, 1901, was
81, ,1sO, ,9OO on which there was paid
during the past year $4,000; the bond
ed debt outstanding June !, 1902, was
81, ,1233OO Since that time sinking
funds have accumulated sufficient for
the redemption of the bonded debt in
the sum of $S9,246.26, leaving the net
bonded Indebtedness at this time
| 81, ,O34 053.74 For more than year past,
lit is stated, endeavors have been made
by the territory to buy unmatured
bonds without success. Many orders
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 for all purposes is now 1899
mills, far below the average in the
| western states.
There are IA national banks in the
territory, an increase of four during
| the past year. In addition there are
10 banks operating under the territor-
ial laws total of 26 banking institu-
tions, having resources aggregating
nearly $1O,OOo,O0o, with deposits of over
81, 100000.
INDUSTRIAL DEVELOPMENT.
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 for. the fiscal year ending June
80, 1902, which shows the several cor
porations chartered to number 2O5, with
total capitalization of $100,4S0, 1870. O1
for the purpose of mining, milling, ant
smelling, having a combined capitaliz
alton of $73,017, $50; 6S for manufacture
ing and other industrial pursuits, will
a capitalization of $4,796,aOO;. 6 bank
building and loan associations, with ,
capital of $4,S30,000; 6 railway com
panies, with capital Of $15,S25,000 tt
construct 1874 miles Of new road; 10 ir
!, rigation and land improvement com
panies, with a capitalization of $2,011,
900, and 10 benevolent and charitable
associations. Last year there was {
J gain of Al in the number of industria
corporations filed over the previous
, year; this year the gain is IS in mum
ber, which measures to some exten
the great forward strides New Mexic,
is taking.
One million one hundred and twelv
thousand five hundred and fifty-on
and fifty-four hundredths acres of tn
public domain have been entered unde
the homestead and various governmen
land laws, two-thirds of the area thu
taken up being in the counties of Col
fax, Union, Guadalupe, Santa Fe, Lin
coin, Chaves and Otero, contiguous
! the new lines of railroad.
LAND CLAIMS.
r The court of private land claims dur
. ing the year has judicially considere
land covering a large area and nov
{ has pending cases involving only 141,
76097 acres. Since the organization o
this court it has adjudicated. title t
24,OOO,00O acres of land claimed unde
various grants, all of which, saw
something more than a million acres
, has been determined to be public LAM
and restored to the public domain.
Under the act Of congress, June q
1898, donating limited area of tn
public lands to the benefit of the terri
tory for educational and other worth
purposes, the United States commission
, has selected, located, and entered fo
the benefit of the various institutions
{ etc, 820,026.5S acres, including 1882
; acres Of saline lands.
It was tardy justice, the governo
t says, which brought New Mexico thi
small concession of the public domain
(which is as nothing when compare
, with the vast area of government land
II Continued on Fourth Page)