The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-01-01

RccsfAA %. Office Come Within,
5000 of Paying Cost Of Opera.
ton; Probably viii be Self
supporting in Couple Of Years.
lsreclal Correspondsnee.l

(cpectnl correspondence
Santa Fe. n. NJ. Jan. 1.-The blen-
NAL report Of the state corporation
commission just filed with Governor
Mcdonald shows hat the commission
collected In fees and other revenues
within 5000 81 enough money TO pay
all OF its expenses. and the hope is
held out by the commission that
within a year OF two no appropriation
win be needed for conducting tho
business Of that department.
The report says:
The railroads pay over $1,000 900
IN lakes on railway property In New
Mexico. The Santa Fe Is the largest
individual taxpayer. Its taxes are al
most equal In amount to those OF all
OF the other roads combined. In 1915
the railroads paid ti.O56.s09.s2 In
taxes. this year, ti,i39.3S2.Of.
Railroad construction has been vir-
tualiy at "a standstil during the past
two years. The railway mileage in
New Mexico IL e.esi.o2 miles OF road
operated. G6717 miles Of yard track
and sidings and 61.22 miles Of second
track.
Fifteen railroads are reporting TO
the commission at the present time
but OF these onk thirteen actually up.
crate In New Mexico. and OF the thir-
teen two form what Is known as the
FL Paso 4 Southwestern system. and
n IL an integral part OF the Santa
Fe system. 80 far as operating pur-
poses are concerned"
only three express companies are
doing business In New Mexico. The
Wells FarEo has 2.s00.0S miles in thu
state; the American has i52.s0 and
the Adams Express company. Si41
miles.
A total Of thirty-nine fire insurance
companies. thirty five life insurance
companies. two assessment life in
surance companies. twenty-six misoel-
laneous insurance companies and thir-
~ fraternal benefit societies are au-
10 do business In New Mex
leo. Five life insurance. six misccl-
laneous and two fraternsl benefit So
cieties were admitted during the past
W years. There are two domestic
insurance companies doing business
The insurance fees collected by the de-
partment for the fiscal year were
ss.4sf.7O for 1915 and slo.i2s for
1916.
Since organization. the commission
collected a total OF s1l.TS0.6G In fees,
OF which S~6f.627.95 were corporation
fees. $50, 9S0.T0 insurance fees. In adj
dition. the Insurance companies 2 per
cent premium tax. The past two fiscal
years the commission collected 343,-
3il.3O. the collections this year paid
into the state treasury being t?t.f6s.50
During the past two years. 26i do
nestle corporations were organized
with a combined capitalization OF
~tfa,6si,00O. In addition. twenty-foui
corporations without capital stock;
we're Incorporated Fifty three
amendments were filed and nine in
creased their capitalization by tfi.tSe-
500 In 1915 and sixteen by S~6.3s9.O o
In 1916.
Nine domestic corporations expired
By Limitation during the past two
one was r~elnstatcd. and twenr
one dissolved voluntarily. There arc
az present i,li9 corporations on the
list OF the commission. not in
the state banks. insurance
com panles or charitable corporations.
state banks and one trust
company were incorporated during
the biennial period with capitalization
Of si63,9i0. \ total Of sixty.six min
companies were incorporated. ~
well ga thirty-three livestock and
ranch companies. The foreign COM
Incorporating numoered fifty
six, with capitalization of S29, $4,000