The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-03-08

OUTPUT TAX TO BE BASED
ON THREE.YEAR AVERAGE
Plan Insures to State Income Of
$4,000 to $4,000 in Two
Years Which Would Have Been
Lost by Decrease of Output.

santa Fc y. NJ. March New
MnAico has hssn saved loss 81 rete-
nue estimated NJ between tltn. .nO0 and
100000 o. wear. for tho years 1919
nud 1870 ~ result OF an agreement
reached between mine owners and
moinie efa Of the legislature hy wh.sn
the mining men have urrnNd -
plan Tor HnhiliKinr revenues under tho
not output mius uN law. while me
rr wWHf ru OF inquiry into th' whole
% q Of uine taxation is ut work un
60 f.pfIs e.. tIr usNt lorlalatuHs. iue
plan Will .HtfrHrp lN two coo three
ttf O. t's o.. which tho mining rutu-
i..t.cs upaid have paid upon the tas-
iH .. o. ~ pf,dut tlou duuug tls sCuCd
OF the next two NUurs
Tho importance ~ tho nrrcem.nt
which assumed definite form ip
committee substitute Tor the pidilia-
ArmlIo hil. house bili No. t6g. intro
dured in the house this afternoon
viii be- better understood when Il iH
stated that tho budget estimates Tor
the neat two yeats werp based upon
revenues from tarttIou uf mines equal
10 the incoW' from that source durinE
ttt uaut 'Wo flCai years
The rrrt four months of The pres
ont. the seventh. nsDa- year. have wit
messed falling off OF not production
OF metal mines in both Ncw Meaico
and Arizona tu less than ouc.hulf cf
the production Of tho Hurtp months
of last wear Tho heavy users ~ coal
and cuk. are tho mines amt smolters
of the rcrion. A. n result ~ redurcd
production there has hsun propur.
uonatr railing OF va production OF
both coal and coke Mine operators
unu economists who have studied the
situation aud the outlook with great
care assert conndrruy thHt under the
conditions existing and hksIy to exist
Tor NeHr or Move. thUrD can De- uu
Increase in production hoped for
Under the Sew Mexico net output
tax F stem 90, state would have suf
ferod a heavy loss Of revenue which
would have made " impossible TO meet
the appropriations already made Tor
the seventh, the present. fiscal year, uf
the hudEtt estimates rgftinsd by the
GOVERNOR for tho neat two fiscal years
There would have been deficits tn
practically all funds save the sacred
Interest and sinking fund require
mcnis
NJ Tinc to Rock Heat
This wus the situation confronting
I the state when Governor l.artazolo
called the conference of mining men
/ here early this week. 4 number Of
bills had been introduced FOR the pur'
pose of amending the existing mine
] inN law. the principal one of these be-
in- Aousp htll iG2. introduced hy lan'
! iol Tudilin Of Alpuqucrquo uud lhdoro
| Armiin uf nonu Ana countN. Nrithot
I the min, operators nor the best m.
formed men IN the lcgtlaturo could
l say what the effect Of the ludillh- NJ
miio I'm would be- on the revenues
| Witch the state might expect fi1m
mines during the present period OF low
/ production The mining men, con
/ tendirr that the net output thN
ihe latest system yet dcNidrd Tor ihN
ing mines in this state. aud That " u
producing "a fair roturn in coWpauHot
with other CLASSES Of property SUI
agreed unanimously 60 toNernor lAl
rnxoio's plan for a commission OF ihrr'
sApstts to spend the n'Nt Two Nchl'
, boz a detailed study ~ all phases uI
a., taxation of minss and Co report t'
the ucNt Legislature. N WIS i'lI m"
nuh bN the mining men, hui N lh'
(Continucd on page Twn.l