El Paso herald. (El Paso, Tex.) 1901-1931, 1910-11-21

Grant county railroad debt, provision
| for the payment of which Is made IN
| the enabling act, and which If deduct
| ed would leave the net aggregate
bonded Indebtedness of the counties
$2.sOo,26O.
The aggregate bonded Indebtedness
Of school districts is s663,450.
| Assessment of Property.
The total assessed valuation of al
property in the territory subject to
tax for the year 1909 was s59,4S4,311.-
AZ. an increase over the year 1908 of
| $6.93S,016. Al.
As property is only returned for
taxation on a basis Of one-fifth of &C.
tual value. the estimated value OF the
property of the territory subject to
taxation is in round numbers $751;
| 100000.
Banking Interests.
| On June 80. 1910, the banking inter-
| ests Of the territory were represented
| by 81 institutions, IL national and 40
territorial banks, with total capitalt-
| zation of s3,302,65O. and total re-
sources and liabilities OF s25,32s,s93
During the year six new banking
institutions were established No fail
ures occurred but three small terri
torial institutions under the direction
of the bank examiner are in process of
voluntary liquidation.
building and Loan Associations.
, There are at this time II building
and loan associations operating in the
territory. They have combined re-
sources and liabilities of s1,25s,5s4.5T.
Corporations.
Some 25O corporations were either
organized in New Mexico or admitted
to do business in the territory from
other states and territories during the
fiscal year ended June 80, 1910. The
total authorized capital stock repre-
sented by these corporations Is s142.-
100000. The largest percentage of
these corporations come under the
head of mining, milling, and smelling
companies.
During the past fiscal year three
life, five miscellaneous. and one fire
insurance companies were admitted,
and one fire and two life insurance
companies have ceased Transferring
business. There are now operating In
the territory 29 life insurance compa-
MES, 80 fire Insurance company, and
"a fraternal beneficiary societies.
Education.
Educational advancement in New
Mexico has been very gratifying dur
Ing the past year. The census of Au-
gust, 1903. reported s5.101 (93,S94 IN
1909 persons of school age 6 to u
years. The public school enrolment.
June, 1910, was 56,1e2 (47,9S9 in June,
1909. This indicates that so percent
or the scholastics were enrolled in the
public schools. Fully 5000 persons list
ed on the school census were enrolled
In private and sectarian schools. This
advances our percent of census en-
rolled to nearly SIS percent. For the
United States, as a whole, the percent
OF census enrolled is about 20 percen:.
Efforts 10 enforce the compulsory
school law have brought results. The
average attendance during the mast
year was 37,056. as compared with %
o4' Tor the year previous. or Sc per-
cent of the enrolment for 1909 and
1910, against 81 percent for 19OS-9.
IN all schools 1852 teachers were
employed during the past year GEO
In 190S-S), sos men and 957 women.
The governor deals at length with
the various territorial normals, uni
versities and other educational fnstt-
tutions and praises their work-the
roswell Military institute, the A. & |
M; college at Mesilla Park. the |
School OF Mines at Socorro, the uni |
versity at Albuquerque and the nor |
mails at Silver City, Las Vegas and Ell |
Rito.
The value of public school property |
Is fully 100000; the bonded indebt- |
edness. 100000. The expenditure for |
the support of our public schools dur
AAS Tie past year was Sf9l,UUU, or q |
per capita expenditure of sl4 on -be |
basis Of enrolment
Wells, Forests, Cattle.
Ihere are now more than zoo arte- |
sian wells flowing in Chaves and Ed |
dy counties, irrigating approximately |
$4,000 acres, planted chiefly in alfalfa |
and orchards. The flow of these wens |
shows little diminution, although the
use OF water has doubled within three |
years past.
There are now approximately H.
100000 acres within national forests
In New Mexico. Administration of the
reserves in this territory is through
the district forester, with headquar-