New Mexico Oil Industry Shows Rich Reserves And Tax Impact
The article details New Mexico oil production totals through January, 1940, and 1939 outputs including natural gas and natural gasoline. It notes proven reserves around 703 million barrels, depths, well costs, and field discoveries in 1939 amid rising development. Revenue highlights show state receipts from severance taxes, gas, oil, and licensing, with Chaves Eddy Lea counties contributing over a third of tax receipts despite a small population.
MENTIONED IN THIS ARTICLE
New Mexico
Texas
New
Lea County
Mexico
Chaves
Eddy
Lea
State Expenditures and Loans in New Mexico 1940
Data from the Consolidated State Report of Selected Federal Expenditures for the first half of fiscal year 1940 shows New Mexico receiving substantial loans and outlays across agencies. Highlights include Farm Credit Administration 1,961,437. Reconstruction Finance Corporation loans 265,349,555. Public Roads Administration 1,036,010. Works Projects Administration 3,772,587. Civilian Conservation Corps 2,800,854. Social Security Act 459,700. National Youth Administration 289,446. and Federal Housing Administration insured loans 1,148,035. Total direct Federal expenditures and grants across agencies reach billions. state loans and expenditures are itemized by agency and program.
MENTIONED IN THIS ARTICLE
New Federal Security Agency
Federal Works Agency
Office of Government
New Mexico
Agriculture— Farm Credit Administration
Commodity Credit A Corporation
Farm Security Administration
Rural Electrification Administration
Federal Loan Agency
Reconstruction Finance Corporation
Home Owens’ Loan
Federal Housing Administration
Agriculture— Agricultural Adjustment Administration
Ie Administration
Federal Surplus Commodities Corporation
Federal Security Agency
Civilian Conservation Ce
Social Security Act
National Youth Administration
Public Roads Administration
Public Works Administration
Works Projects Administration
Cotton Crop and Truck Farming Dominate Valley Agriculture
The article notes cotton production shaping the county economy with large payrolls and required labor from planting to by products like oil and meal. It also praises truck farming, with high yields of vegetables and fruit, quality reputation, carload shipments, and the importance of good roads, soil, water, and modern amenities to farmers.
New Mexico Considers Easement Seaward Park For Conchas Lake
The War Department would hold title to 640 federally owned acres on the 16,000 acre lakefront while the State Park Commission would administer the area. It would enable fishing boating swimming picnicking and camping drawing visitors from Colorado Texas Oklahoma Kansas and nearby states. Current demand at Conchas shows need for lifeguards and enforcement with no agency to assume responsibility. Acts at face value total expenditures 15 030 127.
MENTIONED IN THIS ARTICLE
War Department
Congress
State Park Commission
Tillotson
New Mexico
Colorado
Texas
Oklahoma
Kansas
National Park Services
Boulder Dam
Nevada
Conchas
New Mexico Sets 200 Flying Students Quota
Governor Miles announced New Mexico colleges will have a flying training quota of 200. The allocation lists 60 for University of New Mexico 20 advanced. 20 for Eastern New Mexico College. 30 for A M College Las Cruces. 20 for New Mexico Normal University. 20 for New Mexico School of Mines Socorro. 20 for State Teachers College Silver City. 30 for New Mexico Military Institute Roswell. Non college students total 30 in Roswell Santa Fe and Hobbs. Harlee Townsend led a flight to Fort Worth for CAA quotas. Additional details include site checks for an airport at the State Teachers College. Phone your classified to No. 11.
MENTIONED IN THIS ARTICLE
New Mexico
Miles
New Mexico School of Mines
Socorro
State Teachers’ College
Silver City
New Mexico Military Institute
Roswell
University of New Mexico
Eastern New Mexico College
A. and M. College
Las Cruces
New Mexico Normal University
Las Vegas
State Teachers College
Santa Fe
Hobbs
Harlee Townsend
Fort Worth
CAA
Farmington
Townsend
Cost of State Government in New Mexico Budget Totals
The Taxpayers Association of New Mexico summarizes department and institution budgets. For the three fiscal years ending June 30, costs are estimated at 22,300,354 dollars, 22,243,404 dollars, and 20,142,993 dollars respectively.
MENTIONED IN THIS ARTICLE
Taxpayers’ Association of
New Mexico
New Mexico Penitentiary Disbursements in 1939 Audit
The State Comptroller's audit shows total disbursements of the New Mexico State Penitentiary for year ending June 30, 1939 at 237 376.16 with an average prisoner population of 640.4. Per day cost per inmate stood at 83 cents, and annual per inmate cost was 303.25, based on total cost 196 410.57.
MENTIONED IN THIS ARTICLE
State Comptroller’s Office
New Mexico Seeks War Time Unemployment Benefits Plan
Roy L. Cook reports that New Mexico aims to grant immediate unemployment compensation to National Guard mobilized and conscripted servicemen after discharge. The plan would freeze wage credits, requiring legislative action to amend state law and align with a nationwide framework. Cook, also conference vice president, met with Social Security Board officials on related issues.
MENTIONED IN THIS ARTICLE
National Guard
Interstate Conference of Employment Security Agencies
Roy L. Cook
Unemployment Compensation Commission of
New Mexico
Cook
Washington
Unemployment Compensation Commission
Social Security Board
Classified Notice of State Budget Adjustments
Guard service with all supplies and equipment. Maintenance and construction expenses were expected to continue for the state with some reductions. A cut was also looked for in organizational costs and miscellaneous expenses. Phone your classified to No. 1.
Also Mentioned on This Page
Iace
Re Aah
Shellacs
Lowe Bros
Roswell, N. M
N. Main St
Dr. Kildare
Lew Ayres
Laraine Day
Dr. Gillespie
Lionel Barrymore
The
Military Institute
No. 11
the Panhandle Lumber Co., Inc
W. Alameda
Lester J. Smith
Andy Kemper
Lawrence Conwell
Charles Minor
New Mexico State Penitentiary
Rochester
N. Y.Y
Giovanni Evangelion
Evangelion
U.S
No. 1
New Mexico State Fair
Coca-Cola Company
Pecos Valley
Coca-Cola Bottling CO
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!