Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-07-08
CARLSBAD Goes
RAPIDLY AHEAD;
PAvES STREETS
Contract is Let for New
City Hall; Many Citizens
Pay Cash for Municipal
improvements.
BY SCOTT ETTER.

Carlsbad, N. M, July 7.--The
city of Carlsbad has been one Of the
progressive cities of this state to
forge ahead into the present era OF
Ireadjustment upon the theory that
she was able to pull to the shore by
showing her latent financial
strength.
Carlsbad has just finished fifteen
blocks and three alleys of five-inch
cement paving, completing the en-
tire business section of the city
The work was done by the Lee
Moor Construction company of Ell
Paso. The street paving cost the
city $3.50 per square yard; the curb
and gutter s1.5l8 per lineal foot,
and the paving of the three $50
foot alleys cost $3.105 per square
yard.
The bonds were all sold to the
construction company, and the total
issue was $12S,S12,55 at per cent,
running ten years on an amortiza-
ton plan, the first interest payment
coming due November /, 1922. The
second interest payment comes due
on May !, 1928, at which time one
tenth of the principal must be paid
The engineering feature cost the
city $40, and the city attorney
was paid $1,28S.12 as attorney fees
in this connection. Inspection of
the work was furnished by the en-
gineer.
Many Pay Cash.
An incident of this paving which
tends to show the latent financial
strength of this community. and a
healthy financial condition consid-
ering the REIMBURSEMENT period, Is
the fact that property owners have
paid cash in full for their paving
to $27,412.06. The firms
and individuals paying in full arc
the A. r. and s. +. Railway COM
pany. Joyce Pruit company, First
National bank, e. Hendricks, Peo-
pies Mercantile company, Julian
Smith, /. O. o. f. lodge, No. 81
Public Utilities company, j. Fl.
James, John Lowenbruck, Charles
Burton estate, A. j. Crawford
Pratt Hardware company, and the
Carlsbad project.
New Municipal Building.
The city of Carlsbad has just let
its contract to J. T.. Wallace, local
contractor, for the construction of
a pressed brick two-story municipal
building which will be located upon
the corner opposite the state
armory building on Canal and Fox
streets and will be ~ by So feet in
size.
The city traded its old fire hall,
located upon lot SO by $50 feet on
Canyon street, for a portion of lots
from the Roberts Dearborne Hard
ware company, where the building
will be located, In this trade tn:
city gave difference of $645.79 in
cash and assumed additional paving
costs of $1,626.50 as shown by the
city records.
The bonds for this building were
voted in 1920 in the sum of $4,000,
but only $4,000 in bonds have been
issued and sold.
The contract cost is S22,445 for
the building and $2,490 for the
heating plant, which will be put in
by the Roswell Plumbing and Heat
ing company. The issued bonds
have all been sold to the Interna-
tional Trust company Of Denver at
par and accrued interest, netting
the city S26,050.
The ground floor of this building
will be confined to use as a fire hal
and its equipment including a
lounging room and shower bath for
the firemen.
The foregoing paragraph is
quoted verbatim from our city clerk.
Bob Toffelmire, and the CORE
spondent assumes that the mayor,
council and other city officials, in
GLIDING Bob, will be excluded from
the shower bath.
The second floor will be occupied
as a city council chamber and Of
fees for the city clerk, chief of
police and the city attorney.
Discount Rate Cut.
B. A. Mckinney, governor of the
Dallas federal reserve bank, was
he guest of honor at the weekly
chamber of commerce luncheon re-
gently in Carlsbad. He favored the
one hundred members and guests
present with a clean cut business
.alk upon the present, past and
future outlook from a financial
and while admitting
some errors of the past and COM
economy and thrift for the
future, as applied to depositor and
banker alike, his t Tx was filled
with optimism for the future. He
stated that the FL Paso branch OF
he Dallas federal reserve bank had
'educed their rediscount paper by
more than One-half in one years