Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1905-02-04
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TERRITORIAL TREASURER sUs.
MiTs FINANCIAL REPOR1

j. ~. vaughn, treasurer OF the ter.
ritory OF New Mexico, has submitted
10 Governor Miguel A. Otero his blep.
NAL report for the two years ending
November 80. 1904. II will be noted
with interest that Treasurer Vaughn
gives large credit TO Travelling audit
OF q. w. sanford for tho excellent coa-
dillon OF the torritOrys finances.
Mr.. Vaughn In his Introductory let.
ter explains that on December lat,
1909, the commencement OF the fiity.
fourth fiscal year. the cash balance IN
The treasury was SEAS. ffa.63, receipts
from all sources for the past two
years amounted TO 81 .f0i,455.7i, and
disbursements Tor the corresponding
period 90 1900, 1909, leaving ON
nand as cash balances in the variOuc
funds the sum OF t2t9,if79b.
Am claims within the appropriations
made for the nifty fourth and tfty.nilb
fiscal years we're promptly paid and IN
addition thereto the bonded debt has
been decreased from ti,i22,200 TO
fgf9 800: a reduction OF Sif2,900.
This gratifying reduction 10 summed
up by AR. Vaughn as follows Capitol
building bonds paid 100000; certifi.
Gates of indebtedness paid sfg,i0O,
casual deficit bonds paid $500; provi.
sionnl indebtedness bonds purchased
s23. 900: total $il2.g0O.
In addition 10 this there are bal
ancos In tie sinking funds for the III
Innate redemption OF outstanding
bonds 10 the amount of tlOG,S6I.2l
which added TO the si72.900 paid
makes a total OF S2T7,76T2i, which
substracted from ti,222 200, the bOrd.
ed Indebtedness OF the territory No
vember 80. 1902. leaves a net debt OF
ASA. 432 40. December 4. 1904.
In bis remarks Introductory TO the
report Mr.. Vaughn Hays:
As provided BY law the territorial
funds are deposited IN territorial de-
positories ON which the territory no.
celvos interest al tue rate of three per
cnt per annum. payable monthly.
The rate OF taxation for all terri
tOrlnl purposes for the hfty-iiith fiscal
year. ending November 80, 1904, was
1851 mills aud the appropriations TOT
general territorial purposes tiol,5lV
Tor which a G-mill levy Was made
Special tax leyies for the iifty'hfth Ms
cal year for the reduction OF the bond
ed debt was $40 mills, for territorial
institutions 81 mills.
The assessed valuation OF the terri
tory. subject 10 tax. for the years 1907
aud 1904 was respectively f3s,oSb,
g6i.7g ana S3g,297 $3.50,
The issue 9f si0i,S00 casual dehcll
bonds, bearing ave per cent interest
which bonds were payable May LIST
1928, have been refunded under tbs
territorial refundlng act, into genera
rofundlng bonds. bearing interest a
the rate Of four per cent per annum
thereby saving the territory up 10 th'
maturity period OF the original issu'
$50. 800 in interest
Taking into consideration that TN
general refund,ng bonds bearing bu
four per cent interest sold for par an'
interest az the time when the fnnncla
market vas much disturbed, exempt
nos the fact. that the credit OF thi
territbry with eastern financial inst
tutlons ~ Of the best.
"This highly satisfactory condition
, has no doubt been largely brough
, about by the careful supervision o.
erclsed by the territory, through 20
. once OF travelling auditor, ui the co
! lection and remittance 10 the territol
, lal treasurer OF all territorial taxes.
2 Il would also respectfully recon
: mend that section iO3 Of the compile
laws of 1897 be amended so as
; change the date OF the annual burr
r ing of warrants and other evidence
!. of payments made BY the treasure
!. from the time now hNed 10 betYee
!. the frst aud tenth days Of December
i Mr. Vaughn gives detailed accoul
OF receipts and disbursements
/. quarter for the eight quarters Of n
I. two years covered, recapitulation
h which gives the following general :
a suits: Balance In treasury Decemb'
u +. 1903. seas. 4f9.63; receipts from
a. sourceg from December 4. 1909,
November 80. 1904. ti.i0l .46s.7i;
% be accounted for 81 ,G4a .903.3i; tot
Z. disbursements from December 1. 100
RI to November 90, 1904. si.400, 7b5,s
4. balance IN treasury November
Dr. 1904. s2t9.t47.96.
" The amounts received from the ~
eral counties OF the territory ace0T
n ing 70 their assessed valuation are y
Ne same as published In The Citizen ia
II uary rs. In giving a review OF the
10 ennial report 10 the governor by
70 81. NafEfNft ttffiAHfiHt ahAilNi.
le Even superficial perusai OF Tre'
nj urer Vaughn's report gives abundH
proof that the finances OF the ter
tory during his ineumbenoy OF the
fee have been carefully and edml
r bly managed and that he has Carl
out the laws governing them In let
20 and In spirit
The records Of the once are adm
Ia ably kept and are a model or ne
&c. ness and accuracy. This work
M been done by the assistant treAsur
at simon NnsbAnm, who Il a very &C
on peteni and trustworthy account
on and hookkeeper, Mr., Vaughn
OF made q very gratifying and success
100 record IN the important office WI
ir. he has so ably and we'll filled oil
Irk 1898. The financial legislation ems
nd ed by the republican legislative
ae. semblles OF 1899, 1901 and 1908
ye- been followed by him with great IN
10 llgence, much discretion and prope
he applied tact. These are the reaal
us for the high standing OF New Mexi'
at securities IN the financial world
er. the very satisfactory condition.
10 well as the honest management OF
funds under his charge. The pee
he OF New Mexico can rest well cont
Ate that the AFFAIRS OF the territorial tr'
mt nrer have been in the best OF ha
teh during Mr.. Vaughn's term OF the
All Ace as treasurer and Will continue
he be So should no be re-appointed.
.AN
-. ~ rt.rt Hnlaconal Blnhop.