New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1920-05-28
STATE COLLEGE DEFICIT
PROVES TO BE OLD DEBT

from the years 1918 and 1919, was
brought out at the meeting OF the
regents of that institution, held al
the governors office last Saturday.
During those years the attendance
no from the former average OF
about 300 students, to nearly 100 at
times, without n additional dollar
for maintenance. some additional
funds were provided by the council
OF defense and the government, but
they were all for building temporary
barracks and other specific purpo-
ses. and did not relieve the Institu-
lion in any way from the immense
additional expense ocoasioned by in
crease IN numbers and increase IN
al prices and costs. Consequently ar
The close OF the seventh fiscal
wear. November 20, 1910 there was
an Indebtedness a~gerega'ing $50
5l6Z2
60 far as the eighth fiscal year,
which began December, 1919, IS con
.Ccrned, there does not seem TO be
any deficit al all. The only difficulty
bong that the appropriations made
nv the legislature do not bring II
the money at the time II Is needed
D, the institution. After paying all
rhIs wears bills 10 May !, there was
q balance OF sS,S23O But $1,000 il
the estimated amour needed TO fin
ieh up the expenses OF the year 10
June 80 The Appropriation is ample
70 cover this expense, but the money
is not on hand q. this time and can
not be placed "a the credit OF the
institution any faster than II Is paid
IN by the taxpayers, or collected
from rentals Of State College lands.
~ the State Land Office Cou,e-
|qutntly tht governor has advised the
regents that he secs nothing "a pre-
vent them from borrowing the am
oaut needed 10 finish mp the school
veal and pledge the monies appro-
prIateo. and not yet received, to the
payment of the loan. There is no
reason 10 doubt thai sufficient will
De collected during The summer TO
balance mp for the present term be
!arf t't mex % opens IN the fall.
The whole tempest IN q teapot
merely come tacR r. the propoS'-
.IHa f4at tire isc 'afure lr Us lau1-
able efforts % ccoroUf7e tor the
benefit I'd thc 'arHase r> tatfef 10
make rrT provision f.r he add
t-anal expense Unrest upon the
state College hv me ser1'Nr ~ all
aitlonal students the-e 20 he trained
iCr military service ~ ''' cEpers"
4 thr state. and the further TACT
,Aat tho current .nTrorf Halons. Of
his and other state institutions DO
nUt become available as ra0ldly as
they are needed
I1,r, f~ nothing new ~ different
in th', case from me time h~onortt
method Of parslnotiousnc>s THAT
mas compelled every one Of our
state institutions 20 go ~ debt or
bofr"" money % keep ne until
'ht tax PAYERS get good aud ready
f7 settle ip Nearly al OF them are
compelled "a spend the money he
lore thcy actually Fe' j. or close up
Inc IA" thal F~roh'bilS the incur
rlng a. Indebtedness is bound 10 be
q dead letter Until the legislature
PROVIDES me "heTe"ith 10 pay the
bills no advance Whenever the leg
isIature and the taxpayers behind ii,
Do tha' the law VIII he e good one,
but undcr iht present circumstan-
ct' II IS bound to be 'idestepped one
way or another, p % De N real
mercy a 'CarCCtw
me "iii0ial statement issued by
ne governor and 'egerts follows:
AT a meeting o. the board OF re-
gents q the New Mexico College OF
hRIloG!laIe ana Mechanlc arts, held
q" SAINT" Te. on May y alter exam
'nlng mo accounts OF the college, II
~as found that a deiicit exists in the
FUNDS % that institution, amounting
ab"ui S5-.sloA beng a deficit
'nsnhS a. i1e tno Of the seventh
ilscai year that Is on the SOth day
November IVY; that there will
not De 'niiicient revenues coming 10
mar INSTITUTION during the present
'isoai year "a meet that deficit. The
president Of the college, DR.. X w.
iothler informs the governor that
mere VII be needeo IN the manage
nenI and conduct o. that insttu-
ior, ~ the trs1 DAY OF July 1870.
APPROXIMATELY @OluUo
me governor INFORMS the board
nat me deiici' thus created, beng
or expenses incurred over and alb
the state appropriation for the
.eVen'h iiscal year. was unauthoriz-
by Jaw, ana that there being
sufficient money left OF the
ppfopuaiion for the present, the
iehih iisosi year 70 carry the instr
fion through that they have not
ne right under the law, to use any
u the moneys appropriated for the
Institution tor the eighth fiscal year
o pay any debts incurred in the
~'reeeedins fiscal year, and that II
Their duty TO use the moneys av-
liable for the present fiscal year
mteiing the expenses of this year,
Nd that The defioit brought over