Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1909-07-24
NO BANK FAILURE
IN SIX YEARS
What State Can
Make so Good a
Showing
INCREASE IN ASSESSMENTS
Governor Appoints Delegates
to National Irrigation
Congress.

Governor Curry today appointed
the following delegates to the Sew
enteenth National Irrig ltion Con.
gress at Spokane, on August 8 to IA:
W. S. Hopewell George Arnot, J.
Weinman, P. Hanley DR.. E. N. Will
son, Fayette A. Jones of Albuquerque;
i. Bradford Prince, r. A. Ford, A. G.
Brookes, John P. Wagner, G. F. Kan
en-, Santa Fe; R. E. Twitchell, John
w. D. Veeder, Charles A. Spiess; D
T. Hoskins, George A. Fleming, Cleo
fes Romero and R. A. Morley, of East
Las Vegas; Hugo Seaberg of Ration; /;
Charles Springer, George H. Web
ister of Cimarron; w. H. Bucher OF
Ration; Charles Springer, George H.
Webster of Cimarron; w. H. Bucher
of Hillsboro; w. ID. Murray and
George H. Utter of Silver City; Cony
T.. Brown, Socorro; A. H. Hilton, San
Antonio; r. E. Mcbride, Oscar Snow
H. B. Holt, w. A. Fleming Jones,
Nicolas Gales, Las Cruces; Gayle
Talbot, Artesia; Ralph c. Ely, Dem
ing; George L. Bradford, Dawson /;
Washington E. Lindsey, Portales. E.
G. Cook Lakewood; c. H. McLena-
than, e. P. Bujac, A. M. Hove, Fran
els G. Tracey, |. S. Osborne, Carlsbad; I;
S. R. Seymour, Mountainair; J. H.
Doran, Hagerman; c. M. Steed, Clo-
Wis; w. R. Edison, C. E. Mitchell,
Theodore Thulemeyer, Alamogordo;
Jay Turley, Aztec; William Locke,
"A. M. Edwards, Pennington; John l.
Hinkle, Hagerman; w. M. Read, A.
Pruitt, Otto Hedgecoxe, Mrs. Dora
M. Matthews, Roswell; E. w. Mears,
Clovis; Mrs. Robert E. Wilson, Albu-
-querque; r. Swanzy, Deming; Yer
non L. Sullivan, Santa Fe; ]. D. Tins
ley, Fabian Garcia DR.. W. e. Garri-
son, Agricultural College; William T.
. French, Engle j. w. Green, Gallup.
Healthy Banking Business.
On July /, according to the report
of Travelling Auditor Charles V. SAT-
ford for the past fiscal year, being pre-
pared for Governor Curry's annual re-
port to the Secretary of the Inter.
ior, there were in New Mexico seven
ty-five national and territorial banks
doing business with a capital OF 3d.
274,0S6 and resources and liabilities
amounting to $24,60S,651. Since New
Year this is an increase of six banks,
one national and five territorial, on
that date the capital having been $2,-
814,5OO, and the resources and liabil-
tiles $21 1,0S6,0S9. During the past six
years there has not been a failure OF a
national or territorial bank in New
Mexico and on July the territorial
banks had a reserve of A per cent,
much larger than that required under
the National Banking Act. There has
been one failure of private bank, a
small concern at San Miguel, over
which the territorial auditor had no
supervision, but under the new law OF
1909, these banks will come under his
supervision. Nothing better illustrates
the revival OF business in the South
west and the carefulness of the super
vision given the banks by the terri
torial travelling auditor.
Increases in Assessment.
Travelling Auditor Charles v. SAT-
ford, after hearing from one half the
counties in the Territory, estimates
the increase in assessments over last
year to be twelve per cent. DOna Ana
leads in the increases, showing an in
crease Of $765,OOO; Guadalupe comes
next with $686,OOO and having made a
similar increase the year before;
Chaves shows an increase Of $575,OOO
and other counties heard from as fol-
lows: Santa Fe $304,000; Colfax
$435,OOO; Lincoln 1921, 200; Mckinley
$4,000; Mora 100000; Socorro $780,
900; Sierra $4,000; Torrance $11S,00O;
Valencia $305,OOO, while the assess
ment OF the new county Of Curry is ST.
100000 and that Of san Miguel $4,332,-
351. 1t is due to the work Of Cover
nor Curry and the travelling auditor,
mainly, that these healthy increases
are reported.
The Circle Drive.
Mayor Jose D. Sena reports that the
connecting link on top of the TesuQue
divide is being completed by the con-
victs today and that next week. these
will begin at the lower end OF the
Circle of Horseshoe Drive to put the
entire seven miles in good condition.
San Miguel county's Assessment.
Assessor John H. York Of San
\ IIiguel county has completed his as
sessment rolls and has computed that
the assessment Of the Empire county
sof the Territory, this year is $4,332,3 ,35l,
Continued on Page Eight.)