Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-06-30
.COLFAX COUNTY
SUFFERS LEAST
IN LUMP YEAR
Development of Surround
ing Country Goes on
Rapidly; Coal Mines
Working 6-Day Week.

Ration, N. NJ, June ~29.-ColfaX
county, the richest in the state, ana
frequently referred to as the
sKingdom of Colfax," has suffered
the least of any county IN ne"
Mexico from the financial ana gem
eral business depression that swept
the world as a reaction from boom
conditions of the war. Some 20,oo1
additional acres of fertile lana
have been put under cultivation II;
the last five years; the great codi
naines are working six days week.
with prospects of going through
fhe winter at this high rate or pro
auction: rains have commenced IN
s,,ying good crops and grass on the
ranges, which support thousands VI
fine cattle: banks are in sound con-
dition and handling every SITUATION
with sympathetic understand IL.
This CITY, near the Colorado Alne,
a. called the Gate City," Through
a. flows constant, heavy stream Oh
n ai,ton,obile traffic. The munlclpal-
Nv owns the waterworks system
ana the light plant. After some
Years of expensive litigation, ths
waterwork system has been cleareu
~ legal entanglements. Wlue,
beautiful streets in the business
saction are paved and well lighteo.
Tbase streets are so wide that many
If them have parking spaces IN tne
canter. and still have room enousn
1eft for sidewalks twenty teet III
width. % fool any
~ tha business depression untii
last November. Since that time, tns
hrsiness pyople have felt ratlie.
conservative about Launching any
extensive building program ne
ganeral feeling is that 1t VIII
y battar and safer to wait unlli tne
nTsar mines in the southwest nave
resumed operations. The copper
,..s;r,aa constitute one of the prlnci-
,.ai markets for the output OF tne
no, mines and coke ovdns Oh Coi-
say county. There has been soIle
h,,ildinp in Ration all along, put no
sytensiye program has been pian-
90 THE largest bank in RATION
and one of the largest In the staee'
Us total resources of $3,5OV,Voo'
s.,stb no rediscounts or bills payaple:
sTror wears 1t has been tower ..
Strength in the development aio
Growth of northern New Mexico
III Irrigation Projects.
~, roIn,or, is one of the two 1rr1-
cation projects that have been OF
1anized under the provisions OF IIic
Carey act. The reservoir Oh .h,e
irrigation project is located IN t.e
crater of an extinct volcano. us
canacity is $1,000 acre feet Oh water
aid there have already been pul
Under cultivation some $500 acres
briefly, this act of congress pro
u,des for segregating land from the
: nublic domain and setting 1t aslae
for settlement and reclamation ~
irrigation. This land then is sola
onlv to bona fide settlers, pasen'
issuing only when settler has 1ur.
nished proof that he is recialmins
the land. The price is Sl.zo ar
acre. The affairs are handled by
the Carey act board, which is core.
nosed of the governor, the commas
sioner of public lands and the state
engineer. r,aaa
by a private corporation or asso
citation. which builds the proJect
and sells the water to the settaer,
at prices varying from $50 to $oo
m acre. The settler gives mort
cage for forty years and pegins
paving on the principal after tiVe
years. These mortgages are handleC
by the irrigation company as a SOFT
Of amortization bond. and proVioe
means of financing the project