Article Text
RECEIPTS OF TWO YEARS AND BALANCES THAT REMAIN balance, $23,141. Territorial Treasurer J. H. Vaughn Salary fund-Receipts. $123,191; balhas submitted to Governor Otero, his reance, $22,674. port for the two years ending NovemSupreme Court fund-Receipts, $2. 033; balance, $758. ber 30 last. It shows the financial conMiscellaneous fund-Receipts, $44, dition of the territory to be exception606; balance, $11,066 ally good and the outlook the best in Militia fund-Receipts, $3,882; balance, $790 its history. On December 1, 1900, at the commencement of the fifty-second Capitol Maintenance fund-Receipts $6,595; balance, 95 cents. fiscal year, there were balances in the Capitol Contingent fund-Receipts, various funds to the amount of $109,974 $6,960; balance, $700. During the past two years, the receipts Penitentiary Current Expense fundfrom all sources amounted to $1,087,102, Receipts, $20,465; balance, $710. Penitentiary Maintenance fund-Reand the disbursements to $948,626, leavceipts, $63,622; balance, $268. ing on hand as cash balances in the vaPenitentiary Permanent Improvement rious funds, the sum of $248,449. Durfund-Receipts, $14,519; balance, $812. ing the fifty-second and fifty-third fiscal Penitentiary Income fund-Receipts, years all claims within the appropri$351; balance, $69. ations made were promptly paid and in Convict Earnings fund-Receipts, addition, the bonded debt has been re$31,578; balance, $969. duced from $1,205, 100 to $1,122,200, a University of New Mexico fund-Rereduction of $82,900. Certificates of inceipts, $29,376; balance, $418 dubtedness paid amounted to $48,900, University of New Mexico, Hadley capitol contingent fund bonds redeemed fund-Receipts, $2,594; balance, none. to $30,000 and capitol building bonds University of New Mexico, deficiency purchased to $4,000. In addition to this fund-Receipts, $6,880, balance, $190. the Territory has accumulated for the University of New Mexico, income ultimate redemption of capitol building fund-Receipts, $70, balance, same. bonds $87,760, and for provisional indebNew Mexico School of Mines-Receipts, tedness bonds $26,321, or a total of $16,388, balance, $557. $114,082. School of Mines, permanent improveThe territorial funds are deposited in ment fund-Receipts, $13,368, balance nine territorial depositories which are none. entitled under the applications and School of Mines, income fond-Receipts bonds filed, to have on deposit $203,000 $388, balance These banks now have on deposit the Normal School, Silver City-Receipts, full amount of their applications which $17,689, balance $1,142. bear interest at the rate of 3 per cent Normal School, Silver City, permanent per annum. The total tax levy for the improvement fund-Receipts, $10,830, fifty-third fiscal year, ending Nov. 30th, balance, none. 1902, was 14.29 mills and the approNormal School, Silver City, income, priations for the same year for general d--Receipts, $338, balance, same. territorial purposes, $182,172. The terNormal University, Las Vegas-Reritorial tax levy for the fifty-fourth fisceipts, $23,086, balance $1,874. cal year was reduced to 13.99 mills and Normal University, Las Vegas, perthe appropriations to $177,372, or a demanent improvement fund-Receipts, crease of $4,800. $10,830; balance none. On May 1, 1903, $101,800 of casual deNormal University, Las Vegas, inficit bonds become redeemable at the come fund-Receipts, $338; balance, same. option of the Territory. These bonds are dated May 1, 1893, running thirty New Mexico Military Institute-Reyears and optional after ten years from ceipts, $17,460; balance, $183. the date of the bonds, bearing 5 per Military Institute permanent improvecent interest. The present law makes ment fund-Receipts, $6,512; balance, it lawful for the Territory to issue 4 none. per cent bonds, to take up any bonds Military Institute income fund-Rethat bear a higher rate of interest, ceipts, $336; balance, same. when the bonds may have become reNew Mexico Insane Asylum-Receipts deemable at the option of the Terri$54,133; balance, $760. tory, but restricts such action from beInsane Asylum permanent improveing taken until the optional period has ment fund-Receipts, $2,577; balance, same. expired. In order to allow ample time to prepare and advertise such bonds, Insane Asylum income fund-ReTreasurer Vaughn recommends the ceipts, $358; balance, same. amendment of the law so that the treasAgricultural college-Receipts, $10, urer, with the approval of the govern850; balance $104. or, can dispose of the new refunding Agricultural college income fund-Rebonds for cash at not less than par, at ceipts, $73; balance, same. any time within three months prior to Agricultural college, United States the time at which the outstanding bonds Appropriations-Receipts, $50,000; balbecome redeemable at the option of the ance, none. Territory. Deaf and Dumb Asylum-Receipts, $3,326; balance, $72. Attention is called to the present law Deaf and Dumb Asylum Permanent governing the class of securities required Improvement Fund-Receipts, $12,686; to be given by banks doing business in balance, none. the territory, who may apply to become a depository of territorial funds. Under Deaf and Dumb Asylum Income Fund the law, as it exists, personal sureties -Receipts, $346; balance, same. shall be accepted. Treasurer Vaughn Miners' Hospital Income Fund-Receipts, $336; balance, same. says: "The late experience of the terriReform School Income Fund-Retory in the case of the suspended Taos ceipts, $336; balance, same. County bank leads me to believe that all Blind Asylum Income Fund-Rebanks applying for territorial moneys should furnish the territory such securceipts, $393; balance, same. Blind Asylum Permanent Fund-Reity or bond as could be at once realized ceipts, $32; balance, same. upon provided it became necessary. It Water Reservoir Income Fund-Rewould be a very difficult undertaking for the treasurer to attempt to keep inceipts, $615; balance, none. Water Reservoir Permanent Fundformed as to the sufficiency of the sureties on the bonds given by the different Receipts, $60; balance, same. Charitable Institutions Fund-Rebanks, and as there is good reason to believe the territory will be able to conceipts, $32,770; balance, 2,764. Common School Income Fund-Retinue to carry large deposits with the various territorial banks. it would surely ceipts, $37,673; balance, $14,398. Proceeds 5 Per Cent U. S, Land cause no little embarrassment to the Sales Permanent Fund-Receipts, territory should an amountequal to that $4,715; balance, same. now on deposit with any one of the authorized depositories get tied up. This School Fund-Receipts, $725; balance, same. can be obviated and the territory se cured from any possible loss by repealSpecial Purposes Fund-Receipts, $21,490; balance, $1,241. ing the present law and passing a law Special Tax Fund-Receipts, $3,234; making it compulsory thatany bank apbalance, $357 plying for a deposit of territorial moSheep Sanitary Fund-Receipts, neys shall, before receivingsu deposit, $5,422; balance, $580. execute and deliver to the territory bond in some reliable surety or guaranty Compilation Fund-Receipts, $1,309; balance, $853. company, authorized to do business in this territory. Such bond to be in penLegal Expense Fund-Receipts, $492; balance, $192. alty which shall be not less than double " the amount applied for. Special Court fund-Receipts, $1,164; balance, none. On the subject of a traveling auditor, Capitol Re-building fund-Receipts, Treasurer Vaughn says; "It was recom$746; balance, none. mended to the thirty-third and thirtyCattle Indemnity fund-Receipts, fourth legislative assemblies that there $35,973; balance, $269. be created the office of traveling auditor Deficiency fund, fiftieth fiscal yearor territorial examiner, the duty of such Receipts, $4,119; balance, $154. officer to be the examination of the Springfield Fire and Marine Insurassessment rolls, tax lists, collectors and ance fund-Receipts, $7,500; balance, treasurers accounts and territorial same banks, at stated or irregular intervals, Pullman Tax fund-Receipts, $697; and establish and maintain a uniform balance, none system in each county for the keeping Compensation of Assessorsfund-Reof records and accounts. The conditions ceipts, $34,904; balance, $2,026. as they exist today demand more 1mGeological Survey fund-Receipts, peratively than ever that such an office $6,773; balance, same. be created and it may be done without Louisiana Purchase fund-Receipts, in the least working any hardship on $10,820; balance, $6,820. any interest As an economic measure Interest on Bank Deposits-Receipts, this method of systematizing the public $12,428; balance, $5,668. business of the territory would increase Capitol Contingent Bond Sinking fund the revenues very materially and result -Receipts, $35,285: balance, $5,285. in a corresponding decrease in tax levies, Interest and sinking fund of certifias well as equalizing the values placed cates of Indebtedness-Receip $67,on property of the same class and value 672; balance, $3,908. for taxation purposes over the territory. Provisional Indehtedness Bond SinkThe receipts in each fund from Deing fund-Receipts, $26,421; balance, cember 1, 1900 to and including Novemsame. ber 30, 1902, and the cash balance on Capitol Building Bond Sinking fund the last named date, were: $163,490; -Receipts, $91,760; balance, $87,760. Interest fund-R eceipts,
