The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1909-11-06

corrective, edca'ional and charitable,
Such as are regarded NJ indispensable
by all civilized communities. In view
Of these facts the New Mexican says,
a discussion Of the financial manage.
ment Of the territory Of New Mexico
Mt this time can do no harm, either
to the territory or to the party intrust
ed with the territorial government.
The fact stands out above all others,
that when the democratic party surren.
dered the government to Governor Otero
more than twelve years ago, New Mex.
leo was in n deplorable financial con.
dition. Extravaganza ran riot and the
territory spent far more than its In.
come. In that, after all, lies the test
Of good financial management to make
he income equal to the outgo. Be.
sides expanding the taxes collected, the
Thornton administration piled up enof.
nous deficiencies. No wonder that New
Mexico bonds could not be sold at par,
that IL was difficult to sell them at rs
or %. There In an effort being made
today by one or two democratic news.
papers to compare the cash expendi
lures Of the Thornton administration
with those Of the present day, without
holding the Thornton administration
responsible for the o deficit IL
left or giving credit TO the republicans
for paying those deficiencies and a
goodly part Of the inherited bonded In.
d~ebtedness and the interest on II he,
sides. But ever II these deductions
were properly made II is absurd to com
pare the expenditures Of the New Mex.
leo government In 1926 with those Of
1909, as 1t would be TO compare OK
p%enditurcs Of the United States for
those two years, and argue because II
costs more TO run the national govern.
ment today than 1t did twelve Of thir.
cen years ago, that therefore the United
States has an upsound financial manage
ment, when as q matter Of fact, dur.
ing the Cleveland administration, the
financial condition Of the nation. was
the worst IL had been In two decades,
just rs New MeXico's financial man.
agcnient reached the depth Of degrade.
ton In the Thornton administ ration.
The New Mexico taxpayer gets more
for each dollar taxes paid today than
no did twelve .e RS ago In schools, in
sanitation, In cattle and sheep inspec.
tion, In good roads, in colleges, ia
care Of the insane, the blind and the
deaf. Twelve years ago there was
no territorial institution for the blind,
or the deaf and dumb; there was no
reform school, there were few hospi,.
ais, no supervision Of banks or county
officials, no compulsory education, the
few higher institutions Of learning that
existed were a farce, there was NJ mil.
itary institute, no normal schools, the
insane asylum could accommodate only
q few patients and was run in a hap.
hazard way. New Mexico farmed out
part Of It's convicts and the taxes that
were collected were simply grabbed
by the fsvorite few aud but slight II
any service was rendered for salaries
paid. Since then 1t has been different.
There have been no d~efalcations by
any territorial officials or by any OF
the institutions. Financial management
has been free from scandal. Bonded
indebtedness is being reduced. territor.
'ai' county, municipal and school bonds
refunded, at lower interest, i~nteres, /.
met promptly, all bills are paid when
due there is ample evenue owing "a
better accounting methods introduced
by the republican officials and AZ 4