New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1920-02-27
INFORMATION
BY CORPORATION COMMISSION

INTERESTING INFORMATION
BY CORPORATION COMMISSION
The calendar year 1918 was not
remunerative or successful one for
number of corporations, under fed
eral control, it is shown in the sew
enth annual report of the state cor
poration commission, Just issued from
the press For instance. the Noun
tain States Telephone and Telegraph
company. on its operations in New
Mexico. showed deficit of 69. 1850
the Las Vegas Traction compan,
showed deficit of &.42s.i3, while
the city Electric company, of Al.
buquerque, operating IS miles oi
road, showed a net operating rev.
enue of only Sl,oll45.
Iht Santa Pc lines (the htchison
iu32.a and Santa Fe Railway com
Plnyj through excellent management
aud enormous volume OF traffic, die
not sustain any losses. Under the
terms OF the Federal Control Act
the railroads were entitled to receive
an annual compensation that whs
based upon the average earnings for
the three-year period ending June
20. 1917. This arrangement suaran-
teed to the Santa Fe lines $JS@43.-
72493 for the year 1918. Its net op-
Grating income was ~ .<567H55
which was more than $0,OO00O in
excess of the standard return guaran-
teed by the government.
The New Mexico Central, having no
federal guarantee. and going through
the process of rehabilitation, had its
operating expenses exceed the rev.
enues by considerably more than 100
per cent. From Feb. IS, 1918, TO Dec
81, 1918, the operating revenues a.
mounted to $83, ,l6l %, while for the
same period the operating expenses
reached a total of $lo0,640o8. OF
this latter amount, %4,868. % was ex-
pended for repairs and maintenance
Of roadway, while $4,000 went for
locomotives and car renewals This
properly had been operated under
a rcc>Eership for period of eight
years, when, on Feb. IL, 1918, it was
acquired, under foreclosure, by the
New Mexico Central Railway com
pany. OF which s. {. Munoz, of New
York, is president. The company is
incorporated under the laws of Del
ware, and has capital stock out
standing to the amount of $4,000
of which $4,000 was used to ac-
quire the property. the balance OF
SllO,WO going into the fund for op-
Grafton and development.
The total rail mileage in the state.
including yards and sidnps, is shown
to be 5,882.76 miles. The Santa Fe
lines own more than half of this
mileage. The several companies have
the following in mileage:
Arizona and New Mexico, 8l.l2;
Atchison, Topeka and Santa Fe,
/ ,99458; Chicago, Rock Island and
Pacific, ~ 80; Cimarron and North
western, 2S.70; Colorado and South
ern, "a. 40; Denver and Rio Grande.
25l.05; FL Paso and Southwestern,
$50 %; New Mexico Central, l29.l4;
New Mexico Midland, 1901; Santa
Fe, Ration and Eastern, 1886; South
ern Pacific, 2l9.OO.
Receipts of the commission for the
year were: Corporation fees, $l4,33l.-
70; insurance fees, $9Sl3. 40, making
a total OF $24,i4s30 turned over to
the state treasurer. The disburse-
'lonts toialed S2l 1890 the three
commissioners salary amounting to
5000, salary of employees 5000, and
the following contingent expenses:
$644l9; miscellaneous
travelling expenses, $623.17; extra
,lerk hire, 81 1872; printing and sup
1lies, $927 80; miscellaneous expense,
S795.l3.
There are 81 informal causes hand
ed and closed. for the benefit and
protection of individuals transacting
business with corporati ons, and inter
corporation adjustments also p
rate orders issued. Char
ers were issued to l54 organizations
laving authorized capital stock, in
,luding the corporations chartered
Inder the laws of other states and
Omitted to business in this state.
he biggest one of these companies
vas the American Railway Express
ompany, incorporated under the laws
t New Jersey with authorized capital
took of S40.0U!000. The New Mexico
i'iSc Vi TINS company was III hlDu-
uerque, in charge of c. l.. Apple
ate, statutory agent.
The commissioners. with place of
esidence and time of expiration of
erms, are as follows: Hugh II.
Villains, chairman, Deming, Dec. 81,
'2O; Bonifacio Montoya, Bernalillo,
'ec. 81, 1922; J. NJ. Luna, Los Lunas,
lee. 81, 1924. The employees are:
!. l.. Morrison, clerk; Edwin F.
oard, rate clerk; Manuel p. Man
anares, assistant clerk; Juan J.
,rtiz, record clerk, Mamie Hotz,
fficial stenographer Ethel Anund- /,
ion, stenographer. On Oct. IA, 1913, ,
B. r. Seggerson resigned as rate
iaffic manager of the New Mexico !
ERIK, to accept the post of general =
y Edwin F. Coard, who had been :
entral railway. He was succeeded :
ERIK of the commission for six wears. :
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