, 1921-11-08

the latter sum Uncle sam gets lOtc
xs4. Ts6.ss-. the State OF California
37H% C42.s75.s2. and the U. s. Re
cilmation Service 5e4G G3so. 0es.-
10: hence the state has prohtcd &c
tho extent of s577.c6i-5e for roads
and schools California also has n
Eoot, start for next year. During the
summer OF 1891, leases on public
lands were sold for bonuses aggre,
eating over $1,000. 600: only one
fifth OF these payments were covered
into tho Treasury before July !,
hence from This source there IS now
on deposit money from which over
$500. 900, will be available 10 the
state on July l. 1922. exclusive Of
current royalties. Current royalties
from public lands for July were
about $4,000.
Wyoming In Fortunate Situation.
Wyoming not only pronted
largely as a result of the develop
ment of oil in that state. through
direct taxation and royalties on
State lands. but now finds itself in
n more fortunate iituation As re-
CARDS benefits from the Leasing Act.
than any other state. Ons advantage
~ oilAAlk mas II lAaA rV n h0AAC tA
the production has seen from Naval
Reserve lands. Wyoming operators
paid back royalties a~ggregating 81
522.15s.ss and current royalties and
bonuses had been covered into tho
Treasury up to July / a~ggrcgnting
s65o.ees.57. The State gets 200 OF
the former amount and 5Th% OF
the latter. or sT4s.+s5.T3 altogether.
nearly as much as California, by
reason OF the large production from
Naval Reserves in hat State. OBJ
.viously this amoun Is n stable add
ton TO the State budget. But Wyom-
has still better prospects for
next year for three very apparent
tal The L. s. shipping
Board has been purchasing a con-
siderable amount of royalty oil from
Wyoming production: the. Board did
not settle for their purchases during
the fiscal year 1891 until after July
!. these purchases amounted TO
se42,755 of which tho Stale will get
3Tises 0241 .O3312). available July /.
1922. 0) The Government has SOLD
leases on proven lands on which bon-
uses asgregating 81 ,ss7 900 were bid
and one.ffth paid down. which was
not covered into the Treasury before
July 1 1921; these transactions nave
NOT vet been contaminated but no
doubt will be before July l. 1922. in
which event the State will get more
tina, $500. 900 addition from this
source. &C. There are n few re
lief applications affecting wyoming
lands where tenders have been made
of back royalties which applications
have not yet been finally disposed
Of: while, of course no prediction
can be ventured as to the IA ac-
ton that will be taken on these
cases. to whatever extent leases shali
be granted the State will be entitled
to aOe5 of the back royalties receiv-
ed by the government in the 1ettio-
men.. From the above 1t Will be
seen that wyoming has over sSoo''
| 600 practically ''in sight" for next
year. exclusive Of It's portion S1tsFo)
| or current royalties that are con-
| stantly accommodating. At the pres
ent low price OF crude and restricted
| consumption. current royalties are
running at the rate of over $4,000
per month. 1t is considered well
within the range OF possibility to say
hat wyoming's income from current
royalties may. with the expected In
| crease OF production and price Of oil.
be rs much as a million dollars a
year.
Some OF the large items OF prob
able State Income above referred to
will doubtless not be duplicated; be
sides. income from oil production is
-. a. 49, -,z-. ~ Lass TInrprf~lns
therefore, assuming that the law per
be wisdom on the part of the State
20 invest a soodly portion OF these
moneys in securities the income
from which would be devoted TO
roads and schools.
New Funds for Reclamation.
Tho general policy of Federal F,e-
cIamation is a demonstrated success
and for some years now the arid
states have been insistent on greater
Federal aid; several bills are now
pending in Congress with that end
in view. Under existing law the
funds for this purpose consist OF the
net proceeds from the receipts foI
public lands and collection of pay
ments for water rights. At one
time Congress advanced $4,000, 00C
but this was simply q mortgage or
future receipts from public lands
Such receipts have gradually declin
ed for two primary reasons: ~ Th'
available public lands for dispose
are constantly being reduced; e
Most of the public non-mi1sral land
are now disposed of under the homo
stead law without price, Collection
Tor water rights arc largely deferre'
under the reclamation extension &C
and in any event are too slow t
support the heavy program of ney
development which the arid state
arc urging. During the fiscal yea
1920. the reclamation fund receive
? only 81 1858. $50 from receipts fror
, public lands. and during 1919 5000
/. o3l. while for fiscal year 1921. as
J result of the mineral leasing act
@nIrrRr~-rn - Rvr y r