Albuquerque morning journal., 1910-11-21

lands for the benefit OF the instNl
lions and other purposes for which
granted amounts 10 over 100000 per
iannum. Last year actual re ,erpts
from this source reached s109,33S.92.
The receipts and disbursements for
all territorial institutions for the YEAR
were as follows:
Aggregate balances on
hand June 80. 1910. .$136,199.94
Receipts for the year 5SS,436.14
S724.e3G.OS
/ Disbursements for year s577 ,GG2. 10
Agsregate balances on
June 80, 19lo......... 14e,9SI9S
$724.6sG.os
Assessment of Property for Taxation.
'fhe total assessed valuation of all
property in the territory subject to
tax for the year 1909 was $50. 9.464.-
l31i.42, an increase over the year 190S
Iof $6,93S,016.41.
As property is only returned for
taSation on a basis Of one-fifth OF
actual value. the estimated value of
the property Of the territory subject
to taxation Is in round numbers s29T,-
900, 900.
The figures for the 1910 assessment
are not yet available but by reason
of decrease in stock interests. on ac-
count Of the eurtailing Of the range
by the influx Of settlers throughout
the territory. it Is probable the as
sessment for the present year will be
slightly decreased.
Tax Levies.
The levy for all territorial purposes
for the present year has been fixed at
II mills, while the average levy for all
county purposes for the year is 2l.4
mills making q total of 32.44 mills
for the support OF territorial and
county governments This does not
include special levies for the support
Of municipalities, city schools, and the
rural school districts, which are To-
cal.
As. a whole. tax leyies have been
reduced. This was brought about BY
the large reduction in the territorial
levy. since in the counties for county
purposes only, the average shows Il
slight increase.
Banking Interests.
on June 80, 1910, the banking in
terests Of the territory wereJ repre-
sented by 81 institutions, 4 i national
and 40 territorial banks. with a total
capitalization of S3,S02. $50, and total
resources and liabilities of s25,329,-
S9s.
During the year six new banking in
have been established and
are in operation under the territorial
banking laws.
No failures have occurred in the
ranks of either the national or terri
torial banks. At this time there are
8 small territorial institutions that
under the direction of the bank ex-
aminer are in process of voluntary
liquidation
Building and Loan Associations.
There are ut this time IA building
and loan associations in the territory,
which, with the exception of 2 are
purely local in character. These in
stitutiOns are prosperous and are eco-
nomicellY managed. to the general
benefit OF the stockholders and pa
irons. They have combined resources
and liabilities Of S1,259, ,5S4.57
These institutions, the same az |
the territorial banks, are subject to I
examination by the travelling auditor, 4
his territory not having a separate /
banking department
Corporations.
Some ESQ corporations were either
in New Mexico or admitted !
10 do business in the territory from
)ther states and territories during the
,
The total authorized capital stock
by these corporations is
s142, 100000. There has been Il sub
itantial gain in the fees derived from
corporation filings and turned into the
erritorial treasury during the same
period.
AS indicated by the classified list,
he largest percentage of the corpor-
.tons formed in or entering the ter
II ton. T. min f1F /
ome under the head Of mining, MILL
ng and smelling companies Mercan- ]
lie and manufacturing companies Il
ome second in the list and irrigation ,
nd Improvement companies are third.
-hese figures show a constant in /
rease in the progress and develop .
nent Of the resources of the territory. ]
.arge amounts OF outside capital con- j
inue 70 come into the territory
A number of strong mining COM {
anies have been organized for opera J
ion in the Silver City district; several :
uong banking institutions have been !
Incorporated during the year. Import ,
mt manufacturing industries have
cen established, and the develop {
nent Of oil in the territory is pro-
ressing with very favorable outlook
Several railroads have been organ
sed during the past year, the most :
nlAhlt OF WHICH, rs lAAt AAiHVAitt A@N'if'N~ &
rn Railroad company, which IS l.
lcrgcr OF Arizona and New Mexico -
mes, representing 1875 miles of road.
his merger has a strong capitaliza-
on and will come into New Mexico !
{ a point on the San Francisco river =
4 the western part of the territory V
nd run northeast to Pennington, n. \
L. thus giving the western part of i,
.cvv Mexico q railroad which is much n
ceded and will aid greatly in the de- n
elopment OF mining and other indus n
'ies in that section This road viii
ave $50 miles OF branch lines and :
so miles of main line within this ter 4
tory. III
Irrigated Farming. III
Agriculture has long since taken its II
lace as the leading industry of New III
iexico ana is growing more rapidly in
Importance with each year. From less II
nan 400, 600 acres in cultivation in II
900 we now have close to 100000 II
cres actually producing, and. with
number of new irrigation projects =
roposed and under way and the rap II
extension of the drv farming area. II
lis will undoubtedly be doubled sew II
raj times over during the next dec II
ie. The activity of private capital II
the development of our irrgahle II
nds Is most gratifying and viii result, II
Z