The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1907-01-23

speoted 744.140.s gallons Of coal oil.
and 243.s57 gallons OF gasoline. Of
this 7~20.111.9 gallons of coal oil, and
239,O87 gallons of gasoline were ship
ped into he Territory by the CONT
mental Oil Company.
Mounted Police.
The organization of a force of Ter
ritorial Mounted Police by the last
legislature has proven to be a wise
measure and one which has resulted
in great good to the people of the
Territory. AS shown by the report
of the Captain of the Force the total
cost of the company from April, 1905,
to January 1, 1907, was $22, 8 AZ, or
an average of $1,094.35 per month.
AS the Captain remarks il his report,
this would appear at first glance as
a new charge to the taxpayers of the
Territory, when in reality a large por-
ton of this money would nave been
paid by the counties to their local
officers had the mounted police not
DCCh Ia CA1SLCASO. III tk1lOS VI
arrests by the members of the force
has been large which, in itself, shows
great activity. But aside from the
good effects of the organization IN
materially aiding in the enforcement
of he law, the great good which has
been accomplished is in preventing
infringements of the law. This has
resulted not only in a much larger
financial saving to the Territory tina
the amOu1t paidout for maintaining
the organization, but what is of much
more Importance, in the saving of life
and property n instilling into bad
people of many parts of the Territory,
a greater fear of the law and assuring
to good citizens a greater degree OF
safety and confidence. There are
now very few of the local officers in
various counties who do not well
come the aid of the members of the
force. The latter respond as promp-
thy as possible when they are called
upon by such local officers; but they
do not in N way force their service
unless the ~exigencies of the case
make it imperative.
l believe a large majority of the pee
pie of the Territory are strongly in
favor not only of seeing h organi-
cation continued, but of giving it some
what more power for good. | there
fore join in the recommendation of
the Captain of the Mounted Police
that the salaries of the ~privates may
be slightly increased and that three
more men n a clerk be added to the
force.
Territorial Depositories.
Section 255 of h Compiled Laws
of 1897 provides hat only banks with
a paid up capital of $50, 900 are enti-
tied TO become repositories of terri
torial funds, and as the national bank
ing act allows the organization of
national banks with a paid up CAPT
tai of $25, 900, and our territorial laws
provide for the organization OF banks
of discount and deposit with a $4,000
paid up capital and also allow h es-
adjustment of savings banks with as
low a paid up capital as SIS, 900, all
of these banks located in the more
sp~arsely settled communities of the
Territory, and having small capital,
are barred, under the said section 255
from making application and quail
flying as territorial repositories. AS
a result the Territory has at all times
more or less funds on hand that do
-o& .4o,0ct e. 40 .ooro~ +hnf
we do not have in the Territory a suf
fcie1t number of larger capitalized
banks to apply for the cash balances
carried On an average in the hands OF
our territorial treasurer.
At the present time the treasury
has funds to the amount of about
100000 in excess of the applications
of banks of the Territory which are
eligible to become repositories. Dur
ing the years 1907 and 1908, $150,OOO
of territorial bonds will mature; $780,
900 May 1907, $4,000 November. 1907
and $4,000 May, 1908, after which
time no more territorial bonds will
become due and payable until 1919.
and the sinking fund for the redemp-
ton of bonded Indebtedness will con-
tinue to grow until hat date, AID in
view of this condition l would rec
ommend mat section 255 of the Com
piled Laws of 1897 be amended as
follows; by striking out the words
'sffty thousand" in the third line and
inserting in lieu thereof the words
TWENTY-FIVE thousand. This would