1942: New Mexico

Area and Population.

New Mexico, forty-seventh state to join the Union, has a total area of 122,503 sq. mi., including thousands of square miles in Indian reservations, national forests and bombing ranges. The average density is approximately 4.37 persons per sq. mi. The state had a total population of 531,818, according to the 1940 census. There are five cities with populations exceeding 10,000, namely: Albuquerque, 35,449; Santa Fe (capital), 20,325; Roswell, 13,482; Hobbs, 10,619; and Clovis, 10,065. English and Spanish-speaking whites constitute nearly nine tenths of the total population, the remainder consisting mostly of American and Mexican Indians. There are a few scattered Negroes, and some Asiatic and European aliens.

Education.

Greater concentration of population in the cities, due to war activities and transportation difficulties, together with a decreased teacher personnel, caused considerable dislocation in the state's educational program during 1942. Decreased income from sources of school revenues has likewise become a pressing problem. With an average school term of 175 days, New Mexico has an average salary for principals, teachers, and school supervisors of $1,144. Receipts of the current school fund for the year ending June 30, 1942, amounted to $1,513,652.82.

The 1942 school census reports 79,065 inhabitants of elementary school age in municipal areas, and 67,523 in rural school districts. Actual enrollment figures include 73,089 in municipal public schools, 58,253 in rural schools, and 9,879 in private and parochial schools. Total expenditures for the municipal schools for the year ended June 30, 1942, amounted to $5,737,214.28, and for the rural schools, $4,118,476.33. Curricula revisions to meet wartime problems were the principal matter of special interest in the educational field.

Agriculture and Industry.

Labor shortages developed during 1942 in the cotton and peanut-growing sections of the state. In some cases schools were temporarily closed during the autumn to permit children to help with the harvest. Several hundred Mexican laborers were brought in to assist with cotton picking in southern parts of the state. The state reported 554,039 acres of land under irrigation during the year.

The value of minerals produced in the state during the thirty-first fiscal year (1942) totalled $38,811,331, an increase of $5,590,201 over the preceding year. The total number of persons employed in the mines was 4,686, a decrease of 111. Coal mines produced 1,578,718 tons, an increase over 1941 of 388,438 tons. The total number of mine employees increased from 1,662 to 1,746 during the year. Of a total value of $43,913,937 in minerals produced in the state, $24,885,621 was reported from Grant County.

Political and Other Events.

A hair-splitting Democratic primary race between Robert Valdez, state corporation commissioner, and Antonio Fernandez, state public service commissioner, for New Mexico's newly apportioned second seat as representative in Congress, spotlighted the political scene for weeks following the primaries in August. The doubt was finally resolved in favor of Fernandez by the State Canvassing Board, which issued certificate of nomination to him by 45 votes, after rejecting 68 votes cast for Valdez in one contested precinct. Substantial Republican gains were noted in some counties during the November general election, and the G.O.P. won many local, county and district offices previously held by Democrats. The state as a whole, however, went strongly Democratic and a complete slate of Democratic officials was returned to state offices. There were no regular or special sessions of the Legislature during 1942.

Finances.

New Mexico began to feel the effect of sharply reduced income from its gas and oil industries, and from reduced tourist business, during the closing months of the year. The state ended its thirtieth fiscal year, June 30, 1942, with a total indebtedness of $24,915,500. This figure includes $22,225,000 in outstanding highway debentures, payable from gasoline-tax receipts and motor-vehicle license fees, and $625,000 in public defense certificates of indebtedness payable from property taxes. The state's expenditures totalled $32,868,697.47 for the fiscal year ended June 30, 1942. Receipts for the year were $32,230,374.91.

State Officers.

Governor, John J. Dempsey; Lieutenant Governor, J. B. Jones; Secretary of State, Cecelia T. Cleveland; Treasurer, Guy Shepard; Auditor, J. D. Hannah; Attorney General, Edward P. Chace; Superintendent of Public Instruction, Georgia L. Lusk.

United States Senators:

Dennis Chavez, Carl A. Hatch.

1941: New Mexico

Area and Population.

New Mexico, with a total area of 122,503 sq. mi. (land area, 121,511 sq. mi.), has a population, according to the 1940 census, of 531,818. The rate of population increase between 1930 and 1940 was 25.6 per cent, nearly one and one-half times as great as that for the previous decade. Part of this increase is explained by immigration from other states, part by a smaller emigration from the state, and part (the most important factor) by an increased birth rate. The urban population was 176,401 an increase of 65.1 per cent, the highest percentage of urban population increase in the country. The population of the leading cities was as follows: Albuquerque, 35,449; Santa Fe. the capital, 20,325; Roswell, 13,482; Las Vegas. 12,362; Hobbs, 10,619; Clovis, 10,065; Las Cruces, 8,385.

About one half of the population is native Spanish American, 37 per cent is Anglo-American, while the remainder consists of Indians, Mexicans, Negroes, Orientals, and others.

Education.

The 1941 school census revealed that there are 88,976 children of school age in urban school areas of the state, and 84,426 in areas served by rural-school districts. A concerted effort to reduce the number of small rural-school districts, by consolidation with urban or other consolidated districts, is under way. The present number of elementary schools is 892; junior high schools, 34; and senior high schools, 130. Enrollment figures include 109,257 in elementary schools, and 23,332 in high schools. The state's expenditure for public schools for the fiscal year ending June 30, 1941, was $7,734,010.40.

Mining.

Mineral mines of the state produced $33,231,130 worth of metals, potash, and pumice during the year ending October 30, 1941, compared with $28,691,214 in the previous year. The product of coal mines totalled 1,190,280 tons, compared with 1,069,000 tons the year before. Despite increased production there was a decrease of 246 employees in the coal mines, the total being 1746 workers. Mineral mines, on the other hand, reported 4,597 employees, an increase of 1332.

Legislative Matters.

The fifteenth state Legislature met on January 14, 1941, and adjourned April 12. This was the first session under a constitutional amendment providing for a division of the regular session into two thirty-day terms with a thirty-day interim. The cost of the session was $55,685.83. Altogether 620 measures were introduced, of which 250 were passed, 364 were killed or withdrawn, and six were vetoed.

Measures of major importance enacted were a law establishing a public-service commission to regulate public utilities throughout the state, a law authorizing construction of an annex to the Capitol, later declared invalid by the State Supreme Court, a Basic Sciences Act regulating the various healing professions, and a number of measures in aid of national defense.

Several constitutional amendments were proposed to be voted on at the general election in November, 1942. These include one prohibiting employment of members of the Legislature in other positions compensated from public funds, and at the same time increasing the compensation of members of the Legislature. A second seeks to stagger the terms of boards of educational institutions; another, to re-divide the regular sessions of the Legislature into terms of 20 days and 40 days respectively; and another to create an Educational Institutions Board.

Political and Other Events.

New Mexico held a statewide blackout on the night of September 12, 1941, in connection with the national defense program, this being the nation's first large-scale experiment in mobilizing civilian defenses against air attack. Thousands of guardsmen and volunteer defense workers cooperated in more than seventy villages, towns and cities, as army bombers endeavored to locate the darkened communities from overhead.

Finance.

The state's expenditures, for the fiscal year which closed June 30, 1941, totalled $30,018,531.93, whereas total receipts amounted to $28,923,630.91, representing an excess of disbursements over revenues collected for the year of $1,094,901.02. The state's bonded debt on June 30, 1941, was $2,581,500, and outstanding highway debentures totalled $21,750,000. Invested and uninvested permanent funds, belonging for the most part to state educational institutions, amounted to $15,463,148.20.

The total value of property assessed for purposes of taxation for 1941 was $329,034,240. A compilation from records of the State Tax Commission shows that 85 per cent of the 1940 taxes were paid in during the fiscal period ending June 30, 1941. Disbursements for unemployment insurance benefits totalled $1,135,457.10. Total appropriations for all state agencies for which appropriations are made amounted to $3,509,769.80.

Banking.

Resources of banks in New Mexico increased from $71,616,274.28 at the close of 1939, to $75,361,200.80 on December 31, 1940. Resources of the 22 national banks totalled $58,822,255.25, and of the 19 state-chartered banks, $16,538,945.55. In addition 7 Federal savings and loan associations reported resources of $2,448,889.90, and 12 state-chartered building and loan associations reported assets of $4,166,208.38. On the closing day of 1940, 54 small loan agencies were in operation and reported outstanding loans amounting to $853,469.11.

State Officers.

Governor, John E. Miles; Lieutenant Governor, Ceferino Quintana; Secretary of State. Jessie M. Gonzales; Comptroller, Caesar R. Sebastian; Treasurer, Rex French; Auditor, E. D. Trujillo; Attorney General, Edward P. Chase; and Superintendent of Public Instruction, Grace J. Corrigan.

United States Senators:

Dennis Chavez, Carl A. Hatch.

1940: New Mexico

Area and Population.

New Mexico, fourth largest state in the Union, with an area of 122,503 sq. mi. had a population of 531,818 in 1940, according to the figures of the 1940 census. This represents an increase of 108,501, or 25.6 per cent, over 1930 (423,317). Approximately 49 per cent of the population consists of native Spanish-Americans, about 37 per cent are Anglo-Americans, 7 per cent Indians, and the remaining 7 per cent include Negroes, Mexicans, Orientals and others.

Lea County, in the state's oil-producing area jumped from a 6,144 population in 1930 to 21,142 in 1940, an increase of 244.1 per cent. Population figures for leading cities in New Mexico in 1940 were: Santa Fe, state capital, 20,325; Albuquerque, 34,449; Roswell, 13,482; Las Vegas, 12,362; Clovis, 10,065; Hobbs, 10,619; and Las Cruces, 8,385.

Education.

During the fifteenth biennium, covering the period from July 1, 1938, to June 30, 1940, New Mexico public schools made steady advances in pupil transportation. During 1940 the state was reported as third in the Union in the efficiency of its system of school busses. During the first half of the biennium, there were in New Mexico 173,799 inhabitants of school age. The state maintained 1,091 elementary schools, 14 junior high schools and 118 senior high schools. The total number of pupils enrolled in elementary schools was 97,121 and in high schools, 18,711. The state expended $7,444,648 for public education during the year. Teachers' average annual salaries were $871.60 for common schools, and $1,292.11 for high schools.

Agriculture.

Farm income for New Mexico for the first nine months of 1940 was $28,045,000. Losses from the grasshopper plague, which in recent years wrought heavy damage, were comparatively slight during 1940.

Mining.

New Mexico's coal production for the twenty-ninth fiscal year, which ended Oct. 31, 1940, dropped by 166,989 tons over the year ending in 1939. Mineral production in general, however, showed a tremendous gain. The gross value for the year was $28,691,214, compared with $18,988,622 for the 28th fiscal year.

Oil production for the first ten months of 1940 amounted to 32,778,000 bbl., a slight increase over the same period a year ago.

Industry.

A total of 44,572 employees were under the provision of the New Mexico Unemployment Compensation law during the calendar year 1939, compared with 42,686 during the preceding year. The State Employment Service made 29,894 placements in private industry during the same year. Employment increased 6.7 per cent during the first ten months of 1940. Payrolls swelled 7 per cent during the same months.

Finance.

The bonded debt of the state as of June 30, 1940, included $1,752,000 in general obligation bonds, $22,000,000 in New Mexico highway debentures, and $701,761.45 in other debenture and certificates of indebtedness.

The state-assessed valuation of property subject to taxation for 1940 was $135,380,593, showing a gain of $2,434,207 over the assessed valuation for 1939.

Benefit payments made during the year ending December 31, 1939, to New Mexico workers under the New Mexico unemployment compensation law totaled $1,226,391.08.

Banking.

The resources of all New Mexico banking institutions as reported by the State Banking Department on Dec. 39, 1939, amounted to $77,467,731.18. State-chartered banks had resources in the amount of $15,252,064.54, an increase of $877,868.50 over Dec. 31, 1938. Thirteen state-chartered building and loan associations showed resources of $3,889,675.55, representing an increase of $135,885.74 over Dec. 31, 1938. Resources of New Mexico National Banks grew from $51,728,285.90 on Dec. 31, 1938, to $56,364,209.74 on Dec. 30, 1930. Federal Savings and Loan Associations operating in New Mexico reported resources of $1,961,781.35 on Dec. 30, 1939.

Legislative Matters.

The Fourteenth State Legislature was called into special session by Governor Miles on Sept. 30, 1940, for the single purpose of enacting a law for the relief of owners of agricultural lands, not in a state of cultivation, located within the boundaries of conservancy districts, by deferring collection of assessments levied under the New Mexico Conservancy Act.

In 1939, by joint resolution, the Legislature proposed an amendment to the New Mexico constitution to provide for a split-session of the Legislature. This amendment provided for a first term of thirty days, beginning the second Tuesday of January next after each general election, for introduction of bills; a recess of thirty days, and thereafter a second term of thirty days for final action upon all measures. It was approved by the electorate at the general election on Nov. 5, 1940.

The state's first primary election was held Sept. 14, and produced a major contest on the Democratic ticket between Rep. John J. Dempsey and Senator Dennis Chavez for the Senatorial nomination. The incumbent, Chavez, emerged victorious.

State Officials.

Governor, John E. Miles; Lieutenant Governor, Ceferino Quintana; Secretary of State, Jessie M. Gonzales; Comptroller, Caesar R. Sebastian; Treasurer, Rex French; Auditor, E. D. Trujillo; Attorney General, Edward P. Chase; Superintendent of Public Instruction, Grace J. Corrigan.

United States Senators:

Dennis Chavez, Carl A. Hatch.

1939: New Mexico

Area and Population.

New Mexico, the fourth largest state in the Union, covers an area of 122,503 square miles. Population according to the 1930 census was 423,317; unofficial estimates placed the population in July 1939 at approximately half a million. Whites, including Spanish Americans, comprise the prevailing racial group, but there is a considerable percentage of Mexicans and Indians, and a much smaller representation of the Negro and Asiatic races.

The populations of leading New Mexico cities, according to 1939 estimates issued by the State Highway department, are: Albuquerque, 40,000; Santa Fe, the capital, 15,000; Hobbs, 12,800; Clovis, 12,500; Roswell, 12,500; Las Vegas, 11,000; Carlsbad, 8,500; Las Cruces, 8,500.

Agriculture.

Extensive dry farming in eastern and northern sections of the state is supplemented by irrigation made possible by the Elephant Butte, El Vado and Caballo dams along the Rio Grande and by artesian wells in the Pecos Valley. The Conchas Dam along the Canadian River is opening up vast new fields for irrigation. Many varieties of crops are grown in different sections, including potatoes in the San Luis Valley, fruit in the south and the Rio Grande Valley, peanuts near Portales, wheat in the dry-farming area, hay at Bernalillo, chili, truck and dairy products near Santa Fe and Albuquerque, corn and beans at Socorro and in the Estancia Valley, and cotton near Roswell and Las Cruces. The state also produces sugar beets.

Mineral Products.

The output of petroleum, New Mexico's leading mineral product, was very slightly reduced from the 38,854,000 bbl., valued at $36,600,000 in 1937 to 35,759,000 bbl. in 1938. Copper production, second in importance among the mineral resources of the state, was decreased by about 38 per cent, or from the extraordinary amount of 64,106,000 pounds in 1937, valued at $7,756,826, to 40,878,000 pounds valued at $4,006,044. The bulk came as before from the Chino mines at Santa Rita. The copper output in 1939 was about 91,826,000 pounds (value, $9,549,904), an increase of over 50 per cent. Statistics for other metals in 1938 ranged close to those of 1937: zinc totaling 28,236 tons (value, $2,710,656); gold, 43,050 oz. (value, $1,506,750); lead, 4,949 tons (value, $455,308). Production of coal in 1938 was estimated at 1,252,000 tons.

The total value of New Mexico's metals in 1939, according to preliminary figures, was $15,719,238 compared with $9,473,819 in 1938.

New Mexico's oil industry is centered in Lea, Eddy and Chaves counties. The industry spread rapidly in 1939, and in July 322 wells in Eddy county produced an average of 7,050 barrels daily. The oil is of high grade and medium gravity, with a mixed paraffin and asphalt base. Five refineries are operating in the region near Artesia.

The state has one of the nation's two great potash production centers in Eddy county. Within the past year, beds of langbeinite (magnesium-potassium sulphate) and carnallite (potassium-magnesium chloride) were discovered. Sylvite (potassium chloride), polyhalite (potassium-magnesium-calcium sulphate), and kainite (magnesium sulphate-potassium chloride) had been found earlier in deposits of commercial importance. Ranchers within the last year struck a basin of magnesium sulphate and sodium sulphate brine eighteen miles south of Carlsbad, and while its exact extent is still unknown new wells opened recently indicate that it is at least one mile square.

Education.

New Mexico completed a six-year program of furnishing free textbooks to children in elementary schools at the close of the 1937-38 school year. The state furnished during the 1939-40 school year about 40 per cent of all books needed in New Mexico secondary schools. Teacher certification has made rapid gains during the last two years and there are now fewer than one hundred of the 4,300 teachers in public schools of New Mexico who have had less than one year of college work. By September, 1941, all teachers will be required to have two years of college training.

New Mexico has thirty public libraries, of which the Santa Fe Public Library, reporting 32,006 volumes on June 30, 1939, is the largest. The state also has eleven institutional libraries, including the University Library at Albuquerque with 67,038 volumes, and the three branches of the State Library at Santa Fe with 53,203 volumes.

Legislative Matters.

The Fourteenth State Legislature convened on January 10, 1939, and adjourned March 11, 1939, after considering 571 measures. This surpassed the 1937 total by sixteen. Bond issues totaling $8,200,000 were authorized, including $6,000,000 for highways, and $1,450,000 for an institutional building program. This last issue, however, was subject to approval by the people and was overwhelmingly defeated in a special election on September 16.

The Port of Entry Board was abolished and some of its functions were transferred to the state police. A liquor bill providing for stringent regulation of liquor dealers, and containing provisions also for local option elections on the question of Sunday sale of intoxicants was passed, but the Sunday option clause was struck out by the Governor's veto. Provision for permanent registration of voters was enacted. The Legislature passed a merit-system act for state employees, but exceptions were engrafted exempting a majority of the state departments. A 'Little Wagner Act,' a state labor relations measure, was killed after a vigorous struggle; a companion measure fixing wages and hours was also killed. A 'basic sciences' bill, seeking to establish a state board of examiners to license practitioners of the healing arts caused considerable debate before failure of passage. A bill making citizens guilty of a misdemeanor in failing to report to a voting place on election day also failed. Appropriations voted by the Legislature for the 1939-41 biennium exceeded $5,800,000. The Governor, however, acting under Constitutional authority, ordered budgets cut ten per cent.

Finance and Banking.

The state's total budget for 1939-40 was $3,203,357.00. Approximately $1,408,258 of this was to be raised by taxation, and the balance from miscellaneous sources.

Total bonded indebtedness on June 30, 1939, was $1,926,000.00. Outstanding also were highway debentures amounting to $19,850,000.00 and other debentures totaling $683,881.35.

By June 30, 1939, employers had paid in a total of $3,149,718.05 to the State Unemployment Compensation Fund. In benefits New Mexico workers had been paid $646,302.95 since the state's Unemployment Compensation Law became operative. The total resources of New Mexico banking institutions on December 31, 1938, were; $69,856,270.85, divided thus; national banks, $51,728,285; state banks, $14,374,196.04 and building and loan associations, $3,753,789.81. State chartered building and loan associations showed marked activity, increasing their resources by $175,000 over those of Dec. 31, 1937, and their mortgage loans by $310,000. State banks closed the year with a net gain in deposits of three quarters of a million dollars over 1937. National bank deposits increased $2,574,101.05.

Welfare and Correction.

The state supports nine institutions dealing with charity and correction. Included are: New Mexico State Penitentiary, Santa Fe; New Mexico School for the Deaf, Santa Fe; New Mexico School for the Blind, Alamogordo; New Mexico Home and Training School, Los Lunas; Industrial School, Springer; Girls' Welfare Home, Albuquerque; New Mexico State Hospital (for the insane), Las Vegas; New Mexico Miners' Hospital, Raton; and Carrie Tingley Crippled Children's Hospital, Hot Springs. New Mexico maintains a Department of Public Welfare, with principal offices in Albuquerque, which administers the state's extensive social welfare program. Funds derived from a compensating tax law enacted by the 1939 Legislature are turned into the state's Social Security fund.

Events of Interest.

Carlsbad Caverns National Park, described by Robert Ripley in 1938 as the world's greatest wonder, was increased in size during 1939 by 49,000 acres, through executive order by President Roosevelt. This added a hundred additional caves to the park area, many of them as yet unexplored.

Preparations continued in full swing throughout the state for celebrating during 1940 the Coronado Cuarto Centennial, commemorating the explorations of Francisco Coronado four hundred years ago. For excavations in the state see ARCHAEOLOGY.

State Officers.

The chief state officers are: Governor, John E. Miles; Lieutenant Governor, James Murray, Sr.; Secretary of State, Jessie M. Gonzales; Comptroller, Caesar R. Sebastian; Treasurer, Rex French; Auditor, E. D. Trujillo; Attorney General, Filo Sedillo; Superintendent of Public Instruction, Mrs. Grace J. Corrigan.

United States Senators.

Dennis Chavez, Carl A. Hatch.

1938: New Mexico

Area and Population.

The second youngest state in the Union, New Mexico was admitted Jan. 6, 1912. With an area of 122,634 sq. mi. it ranks 4th in size among the states. In population it ranks 44th, numbering 423,317 according to the census of 1930; 422,000 on July 1, 1937, according to a Federal estimate. The 1930 population was divided as follows: whites (including native Spanish Americans), 331,755; Mexicans, 59,340; Indians, 28,755; Negroes, 2,850; Asiatics, 431.

The largest cities are Albuquerque, leading business center, 26,570 (1930 census); Santa Fe, the capital, 11,176; Roswell, in the artesian belt, 11,173; and the following with unofficial estimates: Hobbs, an oil center, 12,800; Las Vegas, 'meadow city,' 11,000; Carlsbad, Cavern City, 8,500; Las Cruces, in the agricultural section 8,497.

Agriculture.

Irrigation in the Rio Grande, Pecos, San Juan and other river basins has already placed 527,033 acres under cultivation. With completion of the Arch Hurley, Conchas Dam, and other irrigation projects, many thousand acres more will be opened up.

Mineral Products.

An extraordinary increase in 1937 in the value of the state's supply of gold, silver, copper, lead and zinc, equaled a gain of 164 per cent above the previous year. This amounted to $14,038,790, as against $5,316,172 in 1936. For this increase, copper and zinc were mainly responsible. The former rose from 6,332,000 pounds, valued at $582,544 in 1936 to 64,106,000 pounds valued at $7,756,826. This was the result of resumed activity in the Chino mines at Santa Rita. Zinc showed a gain of 56 per cent in value, amounting to $3,110,510 for 23,927 tons, as against $2,066,800 for 20,668 tons in 1936. Silver and lead remained fairly stationary in amount and value, production of the former being 1,243,766 oz., and of the latter, 13,024,000 pounds. In addition, production of petroleum rose from 27,223,000 bbl. to 38,854,000 bbl., an increase of 43 per cent over 1936. The estimated production for 1938 is 35,759,000 bbl. The opening of vast new oil fields in southeastern New Mexico, and the development of carbon dioxide gas areas in Harding and Torrance counties were major industrial developments during 1938. Extensive potash fields near Carlsbad furnished a livelihood for many hundreds of workers throughout the year. New Mexico coal mines furnished 1,239,716 tons of bituminous coal during the year ending Oct. 31, 1938. These figures show a decrease of 511,283 tons as against those of the preceding year, but the approximate valuation of $8,391,047 is an increase of $316,171 over 1936.

Education.

In education the state is making rapid strides. Enrollment in schools of the state numbered 125,535 during 1937-38, 63,573 in rural and 61,963 in municipal schools. High school enrollment in 1935-36 was 18,041 as compared with 3,806 in 1925-26, an increase of more than 400 per cent within a decade. During the past year about 23,000 pupils were transported over school bus routes. Since 1934 New Mexico has established a complete system of free textbooks for all children from the first through the eighth grades. The department of education is laying the foundation for a state-wide, state-directed school library system.

Events of Interest.

Natural attractions, combined with a romantic, historical background, are among New Mexico's great assets. During 1937, 1,371,000 out-of-state motor vehicles bearing 3,672,000 persons entered the state. The world-famous Carlsbad Caverns which drew 207,041 visitors from Jan. 1, 1937 to Jan. 1, 1938, probably remain the leading attraction. The New Mexico State Fair, re-established by legislative enactment in 1935, was held during 1938 (Oct. 9-16) at Albuquerque, for the first time since 1916. Buildings erected for the fair cost over one million dollars. Plans for a state-wide Coronado Cuarto Centennial in 1940 to commemorate the explorations of Francisco Vasquez de Coronado (c. 1500-1549) are in progress, under direction of a special Commission.

Finances.

For the year ending June 30, 1938, the revenues of the state amounted to $39,795,341, including a balance of $32,438,240 remaining on July 1, 1937. Disbursements for the fiscal year 1937-38 amounted to $31,500,439, leaving a balance on July 1, 1938, of $8,294,902. Total bonded indebtedness of the State on June 30, 1938, was $1,853,688.06. The assessed value of real and personal property for the fiscal year ending June 30, 1938, was $310,266,984. The 1937 unemployment census showed a total of 30,836 unemployed, including emergency workers, and 7,987 persons partially unemployed. Old age assistance, in accordance with plans approved by the National Social Security Board, during August, 1938, went to 3,795 persons, the average assistance amounting to $11.10.

Banking.

New Mexico had on Dec. 31, 1937, 22 national banks with deposits of $45,355,334, loans of $13,365,855, investments of $16,234,686; 19 state banks and trust companies with deposits of $12,136,452, loans of $4,263,515, investments of $3,494,569.

State Officers.

As the result of the November election, in which the entire Democratic state ticket was elected, the chief officers of the state are as follows: Governor, John E. Miles; Secretary of State, Elizabeth F. Gonzales; State Treasurer, Rex French; Attorney General, Filo Sedillo.

United States Senators.

Dennis Chavez, Carl A. Hatch.