The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-01-24

all lands not surrendered bv the com.
puny az the end Of the two year period.
Drilling is now under way near l.Hmy
and northwest Of Roswell under this
contract. the fulfillment Of which is
protected by an adequate surety bond.
The report indicates that al the pres.
ert rate Of demand all state land will
be under income producing lease before
the end Of the current fiscal year aud
that the annual income for The fiscal
year will reach and may exceed Al 600, !
OOO, 10000.
Detailed statements are given show
ing distribution ~ ownership Of the
grants 60 cnch institution and state pur,
pose, with the status Of the acreage
owned by each, rs TO lease or sale, and
the productive and unproduotive acre.
age, the latter now n negligible quantity
with u majority Of the institutions. The
nrduous work of selecting the vast rerc'
age is covered in q few sentences, stat.
ing the policy of the land board ns out
lined above, and necessitating an me-
curatc knowledge OF the land situation
In every county IN the state, the opera
tions covering mn area Of 10000 square
miles. There IN an exhaustive state
ment of the "iieu land situation, he
ing the right NJ the state to select
I lands in lieu Of school sections ?, l6, 3.
and 30. which may have been with
| drawn, for whatever cause. prior 90 III,
date Of the grant 10 the state, ans
\ gives an interesting outline of the a
ber Of selecting such lands aud of land
90 which the state has Equitable title
Thesc latter lands which the state I'm
selected but which have not been ap
proved finally and decided, or %''clca
| listed. - ms IL is termed. 20 the state b'
the Interior department. The state ha
jurisdiction over THESE lands and ma
lease them, but cannot pass title unit
they have been '%'clcnr lis,cd, - an,
therefore cannot complete sales.
The Escrow Fund Deposits.
These equitable title lands totu
9, lUj.27N.0S acres. Of this total abou
500 600 acres ARE held 10y the lnterio
department % be- mineral lands an
ARE chiefly lands iu the Gallup rop
fields of Mckinley county, The state
contention is that these lHuds were uo
known 10 bear coal or mineral Whr
grants were made and that titlr pnsse
20 the state ~ thst time The commit
sinncr states ihut q determination a
the questions by the I nitrd states VI
preme court win Dee necessary and give
his rrusons for cSperriug the decisio
80 be favorable 20 the state.
The rest Of the equitable til.
lands are those WHOSE clear listing
has hccu delayed by red tape, procraI
tination or congestion ~ business /
I, thc general land office and IL Is iu COZ
p u%cction with these lands thnt there hu
|, arisen the question Of the proper tru'
tceship of approximately sG00.0o0 nj.
held in trust by the commissioner ~ "
! rious bonded Repositories. As nppliel
tiOus have been made Ia select lands II
purchase the commissioner In each ca'
. has required a deposit NJ 10 per eel
of the minimum purchase price 10 u
sure good faith. 80 that when the land
applied for have been clear listed u
/. state may not be left With land whic
+. II otherwise might not have selectc
, bu, will be sure 81 a purchaser. III
I money il deposited In trust, 10 apply
the purchase price when the contract
sale il compieted, or % he returned
the applicant should be prove an unsu