The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-02-27
CITY ELECTRIC NET
REVENUE Sl,Sll.43
Few Corporations lr
State Had Remunera-
tive Year

SANTA w. y. A.. Feb. s7-The
raieudnf year 1919 was not a rpmun'
enfIVc or succerafnl enc for a numncf
OF corporations under federal control
h ~ shown IN the seventh annual re-
port OF the state corporation commis-
slon. itri issued from the press. For
nftaatr. the Mountain States Tefe.
phoac and Telegraph company, on its
operations IN SEES Mexico, showed d
deficit Of tcs.s60: the las Vegas Trhc-
ton company showed a deficit % So
ASIA. while b City Electric com
puny ~ Albuquerque. operating 90
MILES Of road. showed a net operating
revenue Of only ti9i1t3
The Santa Re lines 1.-THE AtchiFunl
fonaka and Santa Tie Railway COM
pansl through excellent management
and enormous volume Of traffic. did
nos sustain any losses Under ne
tcrnts o. the federal control act. tht
railroads wrrn entitled 80 receive AZ
annual compensation that was based
upon tho nyeraTc earnings for the
three-ycar period ehdiur June 80.
1917 This Arrangement guaranteed
20 the sanin Re lines s3S.tfa 7af.sa
for the year 1918. It's net operating
more thar $4,000. 900 in cxccs@ of the
standard return guaranteed by the
government
New Mexico Central Lost.
The New Mexico Central. having no
federal guarantee. and going through
the process o. rehabilitation. had rs
operating expenses exceed the rev
enucs by considerably more than TOO
per ent From February 10. 1918, no
December ~, 1918. the operating roy.
enues amounted to SSa.iGt.26 while
for the same period the operating OK
penses reached n total OF ti~a0.6f0.as,
of this latter amount tIt.Nes 50 was
expended for repairs and maintenance
Of roadway. while $4,000 went for
locomotive and car renewals This
property had been operated under "a
recelNrrship for o. period or eiGni
vaars. whom on February - 1915. ~
wnH acquired. under foreclosure, by
the New Mexico Central Railway COM
of which s g. Munnz Of New
York. Us president The COMPANY +
Incorporated under the avs ~ Del
aware. and has capital sock out
STANDING 20 the amount o. sfl0.a00. ~
which s3u0. 600 was used 70 acquire
the properly. tho balance OF $4,000
soine into tho fund for operation and
development
The total rail mileage In the state.
including wards and sidincs. - shown
- he 3SS2.TG miles The santa fe
lines own more than half - this mile
The several companies o. the
following mileage;
Arlzona and New Mexico. St.f2:
Atchison. Topeka ard Santa Fc. g.
a9f.Es; Chicago Rock Island nnd PA
clfc. 17T.fff tHmnrron and North
western eST0: Colorado aud Sontaern.
$40: Denver and Rio Grande. 2bf.O5;
~ ppsn nnd Southwestern. $50 -:
Ner Msvico Central. 1904; View
Nevioo Midland 1897; Santa Re.
Ration ard Eastern. i2SG; Southern
Pacific. 2ia
Receipts ~ tho commission for fhs
vnnr were. cnrnoratiou foes giAaG1..
90: Insurance fees a9.Si14O. makinr
a total nf safffi 30 fnrued over ft
the state treusurcr. Tho dishursc-
ments iotnled so gTS.20. the three
rommissioners' sniarv amounting TO-
$4,000. SALARY ~ omnlovos IS 600. md
she following r%ontinrent nvnenses'
REORGANIZATION SGf4.1P- miscellaneous
travelling eVnnrsee sG2a.17. cytri
oiark hirs ~ qs7 Sc. printing and sun.
-iiae 1897 SO. miscellaneous expense.
S7sf.f9
Eighty-twa Case HnndIc-i.
There were SO Informal cases han.
died and closed. FOR the benefit and
protection 81 individuals -truusartihH
business with corporations and inter
corporation adjustments also; 22
emergency rate orders ISSUED. char
tcrs were Issued TO tbi organization.
having authorized capital stock. in-
Guiding the corporation chartered I'M
der the laws OF other states and nd'
mitted TO business In this state. The
biggest ouc of these companies wnH thf
American Railway Express company.
Incorporated under tho lnws of Nev
Jersey with -authuHzed capital stool
Of $40 O0o. 900. The Now MoNico ofnc,
OF this company was DO Albuquerque
In charge Of -. T.. A~uplcEutc statutory
agent.
The commissioners with place o'
residence and time Of expiration oI
terms. are as follows Huph ". VIII.
Jams. chairman. ncming. December
a.. 1890: H%onifncio Montoya, Brs.
uulllo. December 30. 1893. D. NJ Iuns
Los i.unas. December 80. 1894 Tho
employees are A.. .. Morrison clerk.
Edwin " Coard. rate CLERK; MHuue
r.. Mnnrannrcs5 assistant clerk. Iunf
=. ortiz. record clerk; Mamie Hotz
official stenognphcr: Ethel Anuuds.
son.. steunEaphCr ON october -
1918. b p. S%egEersnn resigned us rate
clerk. 10 accept the post Of genera.
traffic Of The New MeNic,
Central railway. lie WINS suCcecde,
hv Edwin o. 'ourd who has bcet
clerk 81 the commission for siN years