Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1903-01-24

OF the governor uron other states 70
criminals who have taken refug
there, and earnestly recommend tina
you not only provide for the deficit Ii
these two items. but make sufficien
appropriation to cover them In the fu
ture, az II Is not just that officers per
forming these services required by Law
should be compelled to wait for thsi
money until an appropriation is mad,
to pay them.
Section II of chapter 80 Of the law,
of 1901, should be amended at pag,
lS2, where it provides for the issulns
and sale of new bonds 10 take up ole
bonds which have become due at tn,
option of the territory. the holders oI
which refuse to surrender them and
take new bonds In place thereof bear
ing less rate OF interest. At pres
ent this is authorized to be done at the
time the outstanding bonds become
due, but II the money is not on hand
at the exact time the option OF the ter,
ritory accrues. the territory cannot
call them In afterwards. but they must
continue to run until they are abso
lutely due bearing the higher rate of
interest This section should be so
amended as TO give the treasurer and
governor the same power but to BE ex.
ercised three months before such
bonds become due. In order that the
money may he In the treasury at the
exact time the option accrues.
THIS VIII prove great saving as we
now have outstanding sl01 800 bonds
bearing s per cent interest. becoming
optionally due May /. 1903. which we
can take up with new 4 per cent bonds,
which will probably bring a small pre-.
MUM. and reduce the interest per
cent for twenty years. thereby saw.
ing the territory $4,000 in interest.
The treasurer In his report makes
some timely suggestions. and re.
spectfully call your attention to his
full report which is part of this mes.
sage and marked exhibit "a"
The present law providing for banks
to give bond to the territory for public
moneys received by them and setting
out the qualifications OF the sureties
on such bonds. should be changed so
as to require all such bonds to be exc.
cuted by the fidelity Of a surety com.
pany, authorized TO do business In this
territory. and | earnestly recommend
that you enact law 60 this effect. and
also providing that all official bonds
now. required by law be executed in
the same manner. and that no person.
a. sureties be received.
For many years the territory has
been put to great delay and ex-
pense In bringing suits upon such
bonds which are invariably contested
with great bitterness and very unsat-
isfactory results. and believe that
the records will show that not 10 per
cent of the amounts sued for have
been recovered by the territory. while
a fidelity or surety company insures
the prompt payment of any such for.
feited bonds to the great and manifest
OF the territory.
recommend that you pass an act
requiring all officers and commissions
who are required to make reports to
the governor, superintendent OF pub
lie instruction. the legislature. or any
other person. should do so at the close
Of each fiscal year. and providing that
a failure to do SO for period OF fifteen
days should subject the party so fall
Ing to removal from Office and a heavy
line to be collected from him and the
on his bond.
Recommendation Of Auditor.
The condition of affairs In the audit.
ors office is very satisfactory. II being
conducted In strict compliance with
the law. and his report, which recon.
mend to your careful consideration, is
very complete.
IL Is shown by his report that |
uili levy reaped for the year 1900 the
sum OF $26.744.s5. and for 1901 the
sum OF s27.367s7, an increase OF
|623.02 per mill. and also that the av.
rage percentage increase of tax col
ections for 1901 over 1900 was about
per cent.
Again referring 10 county treasurers'
Ind collectors unsettled accounts In
he auditors Office. would recon.
mend that the members OF the Thirty.
ifty legislative assembly take such
lction as would enable the auditor to |
lose these accounts on his books.
The treasurer pays out annually. dl. |
ect from the territorial treasury. |
arge sums of money under provisions !
!. certain acts OF law. such as interest, |
maturing bonded Indebtedness. special |
'attle and sheep funds. and other |
unds. of which the auditor has no Of |
Icial notice until the annual burning
axes place. and the certificate of the |
GOVERNOR and treasurer is filed in his |
ffice. when the treasurer Is credited
With such direct payments. | would '
ecommend that q law be enacted pro-
ibiting the treasurer from paying out {
my territorial moneys except upon |
variant OF the auditor, thereby avoid.
ng the apparent large difference at I
ertain times during the year between
reasurer's cash balance and the !
mo M ah 40 lac. Ia. al