Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1907-10-28
TERRITORIAL
FINANCES
Travelling Auditor
Submits Quarter
ly Report
NEVER IN BETTER SHAPE
Figures Furnish Good State
hood Ammunition .-- No
Defalcations in d Years.

The report on the permanent i'm
provement fund Of the Territorial pen.
itentiary and report of the financial
condition of the University of New
Mexico just completed by Travelling
Auditor Charles v Stafford, who left
Saturday evening for Albuquerque and
Socorro on official business, show
that during the past three months he
has performed tremendous amount
of work on institution and county ac-
counts. Among others he has careful.
ly examined the books and accounts Of
the University of New Mexico for the
eight years past. In the main he
found them in fair condition. He will
recommend to the Board of Regents
certain notifications in bookkeeping
which he thinks will improve the sys-
TEN. Harry F, Lee. clerk of the board
has kept a good set of books. The
university fund is in debt to the total
amount of $4,000 on account of build.
ings recently constructed, which
amount will have to be made good by
future appropriations. or from the in.
come, derived from the leasing Of tim.
Der. agricultural or saline lands grant
ed by an act of congress.
Permanent Improvement Of Territorial
Penitentiary.
Auditor Stafford also made careful
audit and investigation Of the perman.
ent Improvement fund of the Terri
torial penitentary covering period
of eight years Forty-one thousand
dollars have been expended In this
fund for permanent improvement pur.
poses; $4,000 of this amount came
from sales of public lands donated to
the penitentiary by Congress for such
purposes.
The remainder was saved from ap.
preparations and the convicts' earnings
fund The report therefore shows that
a great deal more money was put into
the permanent improvement fund dur.
ing the time mentioned than could
have possibly come from the sale of
public lands. The showing is very graf
flying.
Report On County Finances.
Auditor Stafford has also furnished
to the executive Office very compre-
hensible report Of the financial con.
dtion of the twenty-five counties in
the territory for the quarter ending on
September 30th. This report is new
thing in territorial financial affairs and
is an idea of the auditor for the pur-
pose of giving the executive the latest
and best information concerning fin.
|ancial affairs of the counties in
New Mexico. 1t Is very valuable doc
ument showing valuations of every
county, receipts from all sources as
well as disbursements made by them
and the disposition of the funds on
hand on September 80. On the
30th day of September there were
$540,OO0 in the hands of the various
county treasurers. OF this sum- less
than 10000 was not deposited. The
balance $530,O0O, was deposited in
regular county repositories.
viii Help Statehood Cause.
The abstract of the assessment val
uation of the territory, which goes in
to details and shows every class of
taxable property in the territory, is al
so finished and has been submitted to
Governor Curry. A great deal of the
information contained in these reports
will be valuable for submission to Con-
gress to aid the cause of statehood as
it shows conclusively the great ad
vance made in financial matters in the
Territory.
During the past four years no de-
falcations have been committed
among county treasurers.