File:The land of sunshine, a handbook of the resources, products, industries and climate of New Mexico (1904) (14595934357).jpg

Identifier: landofsunshineha02newm (find matches)
Title: The land of sunshine, a handbook of the resources, products, industries and climate of New Mexico
Year: 1904 (1900s)
Authors: New Mexico. Bureau of Immigration Frost, Max, comp Walter, Paul A. F
Subjects:
Publisher: (Santa Fe, N.M.) J.S. Duncan: public printer
Contributing Library: The Library of Congress
Digitizing Sponsor: Sloan Foundation

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e past three fiscal years 553 companies filed incorpora-tion papers, with a capitalization of $309,711,966 with the Ter-ritorial Secretary. In the fiscal year ending June 30, 1901,149 companies incorporated with a capital stock of $89,735,925;in the fiscal year ending June 30, 1902, 204 companies incor-porated, with a capitalization of $119,446,500; in the year end-ing June 30, 1903, 200 companies incorporated, with a capitali-zation of $100,529,541. Incorporation fees paid to the Territo-rial Treasurer were as follows: Fiscal year 1900, $5,772.25;1901, $7,640.75; 1902, $10,706; 1903, $13,628.50, a total of$37,747.50. Assessment. In 1900, projjerty real and personal, subject to taxation, was5,364,761: in 1901 the assessment was $36,977,047; in 1902,^,633,993: in 1903 it had risen to $41,832,566, including ex-emptions amounting to $2,235,615, leaving an assessment sub-ject to taxation of $39,596,951. Property in New Mexico isassessed at an average of only 30 per cent of its real value.
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THE LAND OF SUNSHINE. 15 Indebtedness. On June oO, 1901, the indebtedness of the Territory was$1,1S0,^<00; on June 30, 1902, it was $1,123,800 and the sinkingfund !j;f-(9,246; on June 30, 1903, the indebtedness was $1,098,-000 and the sinking fund $234,590. This shows a reduction of$270,090 in three years. On June 30, 1904, the bonded indebt-edness was $1,062,900, and the sinking funds amounted to$208,165. Taxes Collected. Revenue of the Territory the past three years was $1,545,-241; of which $1,127,689 came from direct taxation; $419,622collected during the fiscal year ending June 30, 1903; $332,328collected during the fiscal year ending June 30, 1902, and$375,738 for the fiscal year ending June 30, 1901. From othersources Territorial revenue was derived to the amount of$407,542, $142,758 being received during the fiscal 3^ear endingJune 30, 1901; $118,005 during the year ending June 30, 1902,and $156,788 during the year ending June 30, 1903. Federal appropriations for disburseme

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