The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-05-24
state Capitol News
STATE COLLEGE TO
BORROW HONEY
TO REMAIN Open
$4,000 DEFICIT Will.
Stand Until Actor by
the Next Legislature

SANTA Pr Amy s5,~IAe drf'rit
81 1af.1H0 Ia The accounts of ?
ANficuilnFal colinEu Remained a def
tcif ~ the close 81 the long confer
nce IN Governor La1laaoioa ptice
saturday afternoon. Inua4 who AL
tended fha conltren1e with the gov
trnef Ntre Dr. n. VI cotnifr. prcai-
dent af the 'foilceei Dr Auslla -.
Grille. ~ Hoswell. former PRESIDENT
q. q. Aakren. ntftoney ~rfneFal. A..
q. Whituef. ~trusellnE auditor. and h
following membefs ~ tue hoard %
rcHeniai Fred Crpllolt. A~lhuqlefgue,
loss A. Haca, Ruciadp Dr. G.. y XIII
and } 3 tueeenberiF % Las cfacs.'
While no practical plan ~as etoif-
"a 10 solve the deficit which existed
~ the cloae % Die last fiscal year,
ending November 30. 1878, an ar
rauremoni was made 10 keep the
school FROM closing IN advance OF
ia REGULAR time 10 Hose. A. the close
o. the conferences a prepared state
nsent vas issucd 81 the governors
office. The statement follows;
al a meeting Of The board 81 d.
recloTa o. the New Mexico College %
Agriculture and Mechanic Arts. held
al The office Of the governor In Santa
W. on May ~, after examining the
accounln Of the college. u WIS found
thar on this day a deficit a been
created Ia the management % thar
educational institution, amounting %
shout t~b4.1it.g1 In the state general
fund; hoing a deflrIt exiedaE a. the
end of the seventh FISCAL year that y,
on the aoth day Of November, 1918;
thnt fnefe viii be no sufficient re-
venues coming 10 hat Institution
curing tnu1presenf fiscal year 10 meet
that dcncit The president Of the
fniieee. ur. r. ". Ciptheir Informs
Ilr governor hat there VIII be reed
90 IN the Infringement and conduct Of
that institution. until the first DAY
of July, 1890. Approximately The sum
~ $4,000.
'rhe governor Informs the board
that tho deficit thus crested. being
for expenses incurrcc over and above
the state appropriation for the sev-
cnfh fiscal year. was unauthorized
~ lnu. ana thai thero heing barely
sufficient mnnCy left % the appro-
prialion for the present. the eighth
fiscal year 70 carry the ipstituticn
through. and IN AL probability nor
quite enough for thai purpose. that
they have not the right. under the
ln~. 70 use n Of 0e mencys ap-
propr1nted for that institution for
IN ciahth fiscal year 10 paw any debts
l1cufred in the ~ureecilux fiscal yeer,
and shnt !. h their duty 10 use tho
moneys available Tor the present
fiscal year ln meeting the EXPENSES
IT this year. and that tho deficit
bfourhf over from the last fiscal year
murI wait 10 he paid either by a de-
ficiencr appropriation BY the next
~ierfniaturc. o. N some other a
'Thc president of thu college in
forms the govcrunr hat AFTER paying
fht expenses and hilis y by tho
college uu 81 The first ~ May. there
viii b. no cnah haiancc In the treas
ury ~ approximately t1.k27.0o, or
ahedi .f1f. 900 less than The required
amoanf 20 meoet the running ex-
rensrs 81 the college until the first
day Of july. 1895. The governor ~
further INFORMED thai the %reyenucs
Of The college FOR The last fiscal year
derived from rentals and leases 81
gate lands amounted 10 4li.la4.aa.
and the reVcuue form She rame
source for the college for the present
fiscal ynar 10 all probability Will
mount 10 d little mor than that
sum: ilaeeideF this. there will be re-
verucs eomitg - the treasury Of the
college from other sources amounting
IN ali probability 10 than
eS.0oo. 90, making the stiii available
revenues Tor tho college during the