Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1903-01-20

anCe anu support.
The condition of the bill for our ad-
mission as a state now pending before
the senate of the United States is far
from what we hoped, and from what ii
ought to be- and would suggest that
one of your first acts should be joint
memorial to the United States senate
praying for the passage of the bill now
before it.
Since the last legislative assembly
adjourned President Mckinley met
his tragic death under circumstances
which shocked the whole civilized
world. and the enormity of the crime
appalled, the people of the United
States, and the swift punishment
which followed the assassin was no
panacea for the crime Besides being
a great and wise president, Mr.. Nc
Kinley was first of all kindly. help
| full. patriotic, American citizen, and
while his death could be avenged, his
loss can never be repaired, while his
memory will live in the hearts of the
people along with that of Lincoln. The
things for the good of his country
which he would have done had he lived
can only be imagined. Such crimes are
more than murder; they are not di-
rected against the individual, but
against the Office, and | would recon-
mend that you pass a special act COW
ering even an attempt of similar Of
fenses, in this territory.
During the past two years prosperity
has continued in all branches of indus
try in the territory, new lines of rail
road have been built, others are under
construction, and still others project
ed, which will prove of the greatest
benefit to the territory, not only in
affording competing lines for the
transportation of freight, but also in
bringing our people nearer together,
resulting in better acquaintance and
understanding between the people of
the territory now so widely separated.
Financial.
| AS at the last legislature. we now
have surplus in nearly every fund
which can be used for reducing our in
, terest bearing debt There have been
no bonds or other evidences OF debt
issued during the past two years, and
the comparison between the financial
condition of the territory now with
that at the last meeting of your body
Is most gratifying.
By reference to the report of the
territorial treasurer, I find that at the
close of business on November 80,
1902, there was cash balance in the
treasury of SPAS, ,44963 Included in
this balance are sinking funds availa-
BILE for the redemption of outstanding
bonds to the amount of $114.0S2.53.
The bonded debt at this time is ST.
122, 10000, while two years ago it was
$1,205, 10000, showing a reduction in
our bonded debt of $S2 10000 during
the past two years,
No new Indebtedness has been in
CURED during that time and am graf
ifed to say that the financial status
and credit of the territory are now on
q basis well to be proud Of
Under the six mill tax levy for gen.
eral territorial purposes, sufficient
moneys have been realized to pay in |
full all claims presented for payment |
within the fixed appropriations; the |
only deficit for the past two years be- |
ing that for the transportation of pris- |
oners to the penitentiary, for which /
the appropriation was insufficient to |
meet the requirements.
AS provided by law the territorial |
funds on hand are deposited in terri
torial depositaries, of which there are
nine at this time, and Which are enti-
tied under their applications and bonds
filed, to have deposit of 1903 10000.
These banks now have on deposit
the full amount of their applications
on which the territory gets interest at
the rate of per cent per annum.
There has always been a deficit for
of convicts to the peni.
tentiary, and Tor serving acquisitions
of the governor upon other states for
criminals who have taken refuge
there, and | earnestly recommend that
you not only provide for the deficit in
these two items, but make a sufficient
10 cover them in the fu-
ture, as it is not just that officers per-
forming these services required by law
should be compelled to wait for their
money until an appropriation is made
to pay them.
Section IL of chapter 80 of the laws
of 1901, should he amended at page
1872, where it provides for the issuing
and sale of new bonds to take up old
bonds which have become due at the
option of the territory, the holders of
which refuse to surrender them and
take new bonds in place thereof bear
ing a less rate of interest. At pres
ent this is authorized to be done at the
time the outstanding bonds become
due, but if the money is not on hand
At the exact time the option of the ter
ritory accrues, the territory cannot