The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-01-29


SANTA "a. Jan 2s james o.
tInlu}. famous MINING ,uE urtr
whose appraisal eff Sew M,NlUu
mining properties fur thr aIl., tIN
commission Wa made publ, hN Iu.
commission to-day, finds the ,liuy ui
the mines g.. the ate to- be tr-
proNimatcly sag. 3Uo.p0o. 90 this
value lInlay finds $500. 600 in the
coal mines aud $1,000. 0Ou IN the
metal mines
In support ct his conclusions rInlny
has presented to the tax commission
IA report covering some l2o pages OF
manuscript in which are condensed
the finding. and statistical lufurma-
ton gathered hy the expert and has
assistants in the curse uf au IN
v-cstlgution covering o. period Of
about seven months iu which cVory
mining property In the state has been
examined
The entire report iz TO bo published
at once in book form boy the stare
tuE couimlssipu
Tho first section of the report. CON
tanning Mr tiulay's findings. follows
100 full
state T.N Commission Mcssrs. !. T.
saint D. b.. Aguilur. q. l.. Uirick.
Gentlemen
manu- NH|N NNNNN 600 NN# NINNNNL III
the appraisal of mining ]prop.rty In
the state. consisting Of
g.. An Introduction with general rec
marks on the mining Industry.
O. 4 discussion OF coal resources.
60 APPRAISAL uf coal mines
g. Apprui-aIs ~ metal mines
q" \ brief geological history and
description uf New Mexico coal
uelds hy Mr. g.. : Morrison
4 dIe,t uf Information pu the
ore deposits JOS Air Morrison
9 \ study uf COAL dr,,Iopmrn.4
costs and mining conditions ia
THE ,uuI Fields. vItr r.urrlIiged
mups of the Ration mesa ana
GALLUP regions. ut Cant D. o.
Mutsuu.
Statistic OF -rr.IH.It.u So. Mr.
o. s. Muir
There Ia. YOU Will ub4cr,e SOME
nt' uut tu give enough I-nforwHuou
condensed az much as possible. to On.
able an Interested reader Co obtain
with the helm Of AN orlIp4ry man ~
the state % fair idea of it. mineral
Resources
hr'" received tho following letter
froi your chairman.
MIR j. Il. Finlsy
state Mine Appraf.rr
santa BE. New Nts,iro
My Dear Mir. Flnlay.
"Undor the laws of 1871 re-.
puiring the state Tax commits
sion to nppr1l., tb. utpos ,f III,
state Tor taxation Inc
primary object was to arriy. M
% more accurate vahi, of tbe
producing mine. u M, stHtp If
porsibl. tnaa the OUTPUT taN law
OF tHlb under which the stale has
been operating
ITO this YOU have dryotsd y.sr
time and attention until Won arc
now approaching the conclusion
of your work
e understand from remarks In
course Of conversation tn.f ...u
believe Du rpuuom. grounds .
uudcNriupcd coal hands r Ola.
state uf Ncw N.,iro ha,c uIfi.
or no present yalu, uuI.r
stuud further that yuu feel flsi
YOU discussion shuuld Dee .urrIv
economic. leaving me question az
taxation TO others
"SsvcrthcIess. 10 ID, yIdrrf that
Dr. VIII Doc neac.4sry f,r tI. ,,.
commission tu asses. lad rrn..rt.
in the state oct 4nur Vain,
whether ~ Is pr1durug, OH MOI.
The stat, k,,,s tb, .v,,r ~,
n%ndevelop"d patented mining
property 300 possession and 20 gu
owner wi.h"s to hnlI hI- iItl. %.
should pHN snmoIhIuu for tho
pflNll"g'
Could mod yuu. therefore.
a. io t
@ '".' l''S" l'' puf ON coal
' VIZ ' 'IH't u~nd'Nol"p-
l'N'I'. '"iin-. putting h
f'l'' "h ih"-' That ms
'u''' 'AN'''loI"d and Hnprns.
''.'" " ht-h"r value "n those
lh'' "I. ur"-prctod or partially
'i'i''N 'n1 ar" likely to ho
worried "ihln 90 reasonable time
ana "a positive value upon the
l"hI. actually hcing worked
rho tax commission feels that
horizontal value on non-prp-
du'luE coal Inc a. well az
metal mines b. not r. proper
method of valuation. but should
10 some measure Doe classified ss
10 their proximity "a producing
mines in the same geologic zone
taking into recount 90, state OF
development etc.
tsTN. .....4 80