Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1903-01-31
THE SWIFT sPECiFiS Co. Atlanta, &c.

OF the IN. rior ard the amount OF
rental is 81 $40 96, There are 81
leases reprer ntins rental of 81
So7 40 on file In the department Of the
interior which have not been approved
and As applications to lease not yet
completed by applicants representing
rental of $6S070. The apportionment
oil the common school income fund of
April 10. 1902. was S4,ll6.5l, and OF
June 10 1902, was stSl5.7l. or a total
apportionment for the six months end
ing June 80. 1902, Of ss,932.22 The
total amount available as deposited
with the territorial treasurer for 1902,
was $25,09i77 The inexperienced
balance January /, 1902. was $l,394.97,
making a total of s26,4S9.74. The
amount unapportioned was 17,5b7.52.
Five per cent Of the net proceeds Of
the sales OF public lands within the
territory by the United States Is used
as a permanent fund, the interest OF
which only shall be expended for the
support OF the common schools within
the territory. From this source there
was received for the fiscal year ending
June 80, the sum of S2.530.45. The in
crease in receipts from this source
has been extraord!na =. The first year
the receipts were ss943S, the second
l,29112, and the third year $3.50. As
or a total for the three years OF s..
715.95. The net receipts deposited with
the territorial treasurer for the three
years amounted to 33,427.v9.
There are in force 1893 leases, rep
resenting Gel 900 acres CT land Of
school sections lG and So. The ne
lamount of receipts deposited with tn,
school income fund has been $50,
I344.05 and the expense incurred Il
managing the same averages, for thu
three years. 55-100 cents per acre.
| Commissioner Keen recommend
that the running expenses of the Office
including sflarier, be included IN tn
annual preparations mode by tn
Legislature in the same manner as tn
running expenses and salaries OF othe
officers are provided for. He says tina
the present method of deducting run
ming expenses and transmitting TO tn
treasurer the net reccip,s Is unsatis
factory and o fixed allowance for tn
running expenses of the ONCE shout
be made and drawn upon by voucher
through the auditors office. The r,
i port closes by saying:
II desire to call your attention I
= section 4 couRreSsiOnal act of lune q
y 1898. which provides es follows:
, Sec. 4. That per centum of tn
. proceeds of the sales CT public land
lying within said territory which sha
be sold by the United States subs'
lquent to the passage of this act, afte
9 deducting all expenses incident to tn
same, shall be paid to the said terri
tory, to be used as a permanent fun'
the interest of which only shall he e;
u pended Tor the support of the commo
y schools within said territory
II would recommend Tat a law 1
enacted authorizing and directing III
, Territorial treasurer to purchase an
territorial bonds with any proceed
! derived therefrom, and the accrued Il
terest be credited to the commo
u school income fund as contemplate
by said section. This requiremei
u should apply 20 all institutional perm
q nent funds.
The amount now on deposit wit
y the territorial treasurer for this fur
u is s4,715s5."
4