El Paso herald. (El Paso, Tex.) 1901-1931, 1919-04-17
NEW MFXlCO'S GROWING PROSPERITY
RIFF FCTED IN VALUATION FIGURES

rFV MEXICO people realize somewhat better tne pros
N rous condition Of their state after reading the an
ent-of the state tax commission that the assessed
I+ion of New Mexico property for this year viii ex-
- saoo 600 and that the 1920 total viii be about
s1oooooOoo more That VIII round out the half billion
It takes thieky populated state or very neh' pro
5,ve one TO pile I'D that much property value New
Mexico Is old history but young IN modern development
and cannot be called hskly settled It is state OF no
;nsnt size from geographical standpoint and it has
he ssI 7roportion Of residents with little property
and who never VIII have seh. The fact, then, that the
STATE makes so admirable showing in property valuation
* striking proof Of the broad extent Of New Meieos re-
sources and of their unusual worth
Every county from the smallest to the largest SHOWS
M 800 IN rropertv worth and these actual not merely
inulstous of the assessment rate Improvement and
seioDeut IN nearby counties, Doua Ana, Luna Grant
and Ofero counties this vicinity with whose progress
80 best sosnted are declared to be fairly typical OF
rovsrnent and development IN all parts OF tne suae
% Is said 10 be true notwithstanding that hanoicaps on
ne copper mining industry have had temporarily us
assi1o effect This can hardly be figured IN, noWeVeIs
ave As If affected the valuation Of output ana tna VII
he insignificant The state tax commission IS authority
for the statement that the Bursu mine tax law taxing
mine roducts for the biennial period the basis OF lne
average production the past three years VIII prevent
any loss there that alone the state VIII ger
100000 tax revenue
VILE 4bs-s nav be some opposition from stoekmen IN
certain localities the commission has made wise ehoiee
II deciding the valuation OF grazing lands ne
annual Ialnla ds dlLAOuASSu " -
United States weather bureau The method IN use mere
tofore lacks uniformity For instance IN Torrance county
where the annual rainfall is given out as being TO neneS
wear Grazing lands are assessed at S375 an acre, We
in Union county where the rainfall is double that OF Tor
ancs the valuation is lower being S2s7 Since the gas
follows the rain and value Of grazing land IS depend
ut almost wholly the amount Of rainfall received It
upssut that the land which receives the greater moisture
bould be worth more to the stockman and therefore
sbould be given a higher valuation The truth OF TINS
ought TO Be evident 70 growers Of cattle and sneeP
those counties which experience an upward revision
valuations BY reason Of the change IN the system OF p
uraisaI and no great objection thereto IS anticipated
High priced cattle and sheep with which New Mexico
sbounds: high prices for grain alfalfa and vegetable crops
heh prices for coal and copper too when any OF the lt
ter IS being sold-hese big money producers are at IN
bottom Of New Meco's prosperity The cities and town
pfet the PROSPEROUS conditions In the outlying district
and reports from al sources tel the story Of sur
and steady progress An oil boom is IN full progres
IN New Mexico II may materaze into all that IS nope
for IT. The state may become real producer OF OIL OF
nav not If It does, New Mexico VIII benefit greatly
not the state VIII prosper satisfactorily anyway 81
long as people are real producers and bring into the mar
ets things that other people must eat OF wear or otner
wise uss and for which they wiling to pay well thos
producers are bound thrive And the sun total Of ther
is q strong growing state.