The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-11-11
RESOURCESOF NEWMEXICO;
THEIR PRESENT STATUS AND
THE OUTLOOKFOR DEVELOPMENT
An ADDitEss HA W. g. REID Nj w MENICo GENERAL SoIIcITov
FOR RIM SANTA ms RAILROAD. BEEORIs THE gSTu ANNIVER.
sAny BANQUET or TINS ALBUQUERQUE COMMERCIAL CLuB
NOVEMBER i0Tif.

ms upon n period or great cNnCndi-
lures IN greet improvements. Here
In Albuquerque we will nave q fine
new building at the university. In
the state a million and a qparter doll
lars IN to be spent for road improve
ments. The result Of this cxpendi-
tire, AT the end Of a year and a half.
VIII. no doubt be Astonishing. We.
will have the main roads throughout
our state in inc condition. 80 tina
travelling by automobile. or otherwise,
viii not only be possible. but will be
an actual pleasure.
In the mining industry there IL
great activity, especially mining. You
undoubtedly know 81 the great mines
nc santa Rita rad the treating plan. AZ,
Hurley. New Mexico, where more
than 5000 tons OF ore are treated
daily. J am Informed that in the
same county there is now being cree
ed "a plant OF even greater capacity.
90 that within a few years New Mex
1 leo win rank first in the production
% cope The coal Industry is ex-
~pcriencing a seas0a OF prosperity.
J Perhaps some OF this prosperity BE-
al2o due 90 the fact that the Panama
canal is out OF commission.
The bank deposits IN the state hoyc
Increased during the past year. We.
have a no unfortunate labor trou
bies, such as have affected Colorado
and are o. anecting Arizona. 10
New Mexico men have paid fair
wages and laborers are satisfied.
In the city OF Albuquerque we have
recently had n reorganization Of "a
I NHNHH NHHm.YNMN H aAwN.a.H.-H 80 w.EH
the street car company. The service
now rendered seems 20 be very salts
factory. and the treatment OF he peo-
pie 90 this corporation should Doc con-
siderate ana fair.
Peace seems to De near az hand .n
Mexico. and when ID Is finally cstub-
llshed we may look for an immense
business with our sister republic TO
the south. Great quantities OF coal
will DE consumed. livestock FOR re-
stocking the anges will Joe needed.
mining machinery will be demanded
and the renewed activities that are
sure 70 follow pence VIII undoubtedly
be reflected In New Mexico.
Freight Rate llcndiustmcnt.
one Of the greatest factors On the
future prosperity Of New Mexico il
the REIMBURSEMENT Of tho frcigh'
rates. Some few years ago the state
corporation commission took up with
the interstate commerce commission
.he matter OF readiustiug the freight
rates iu this state. and after "a hearing
lasting about vi weeks, iu which "A
great mass Of testimony was submit
ted, the interstate commerce commits
sion proceeded 20 consider the case.
The results OF this decision are far
reaching, ~ affect the ratcs through
out the western country. ana .ho Ia
Dor involved IN r~c-adjustiug these
rates upon "a fair basis has been inn
mcnse. The nnal result, however.
was that, iu general. tho interstate
commerce commission did not end De
rates for New Mexico greatly out of
line or too high. Il is true that E'
Puso, which was a Dompttlng point
OF several railway companies. Wa.
enjoying a rate not enjoyed by tho
people OF New Mexico. That mu.tct
has been adjusted by order OF .ut
commission. and while the IIDIlc..
men Of El Puso are protesting. .,
some extent. I believe the nuHl tul.
come will be hat on practically al
shipments coming into New dtx.6r
s he rate will be- lu line with that ON.
joyed boy the business men az Fi pHso
This opens a large field OF inquiry ui
to what may now be- lone iu NeV
Mexico that the business men of r.
b Paso formerly lid for us. what o.
9 being manufactured In III pdso fol
q market in this state that can now Do,
manufactured in Sew Mexico fo.
r home ConsumUIon7 believe tina.