PAGE'FOUR LAS CRtlCES (N. M.) SUN-HEWS Las Cruces Sun-News Founded, in 1881;. published .djUly, except Saturday--weekday after noons and Sunday mornlnga--tyy the Sunshine Prestf, Inc., lit 241 N Water St., .Las Cruccs, N. M. Entered at LaÂ« Gruce. postoHici u EeconJ-class -matter, . Â· Â· . - Stanley Gallup, Advertizing Manager _... Orvllle.E. PrlcBtley, Editor and Publisher National AdvertlBlng^Reprcfifcntatlve: Inland Newspaper Represents lives, Inc., Chicago, New York, SL Loulg, Kama,] Olty, Omaha, At. Innta. Memii-r of the'-Ansoplatcd Press. The Associated Press la en- tilled exclusively to fap'tin^tm republtcatlon of all local news printed In this' newspaper, is well as all AP news dispatcher i Â· ' Â· ,^ TELEPHONE 33 This nrv/spapcr la.a member oÂ£.lihe A u J I t Bureau of Circulations. Ask for.-a copy of our latest 'A. U, C. Report giving r.iifliu-cl facts arid figures about our .circulation. A.B.C. -- Audit Bureau of CIrc'ilatioT-Â« FACTS an n moasuro ol Advertising VÂ»luo Bl'Hsr.'RIPTlON RATES: By.motor delivery In Dona Ana County, JlO/io ;rr year. ^0.00 Hlx,inonUlH, ?3.f.O three months, $3.00 per month; liv l i i n l l In New Mi'xlro, $10.00 per year, $0.00 nix months, 51.00 per m o n t h ; l,y city rartlc-i, 25? per u-wik, Jl.OO per month, J10.00 per year !:, jUviinr-e; out.-iUle .State. JJ.OO per month, $12.no per year. Mall sun- f - j ijilifin.s are atrlr:t!y paynlile in advance. We Have Losl It ' _ * . , f ! There lire a good rnnny lliin/;s, v/hicli long ago were u.'imk-d old f a s h i o n e d ' a n d which vie cast aside but we need I f f i h a p s the day and time w i l l come- when thny w i l l ret u f i i b i l l wi-'swUrwomlCT abnul them. Â· ThiTi 1 lias a l w a y s boen a (jrpat deal u! t a l k about "Man- .Â·ini), Mauaria" ol tho Mexican Republic. We have discussed the l.ioi limy l a k n l i f e - m o r e or less easy; take their good time for t i i i i i r meal:;; dn not cat u n t i l 1:110 or 2 fi'cloek In the afternoon Mirl Ihr-n Iriki 1 off for the siesta u n t i l MO or 4 o'clock. ' B u i they refuse, to yet in a h u r r y or a rush; they take n i r the t i m e to do the things they w a n t lo do; and they M i - i n u i f j l y |'.-t aloiij; about ns v/ell as we do. They uol only have time for their m u a l s and lake time fur ii'.si h u t I h e y s t i l l pi-ovlde places for people to rest. TJie M - a t - . .-mil I)t'i\chcs, ^wliieli used lo appear on our streets, in ( u i r p a r k s a j u l - l i e r e , and .there .for people lo pause, to rest They h.'A'r- been in evidence for a ^ood many years. We h a v e n ' t any need, so we t h i n k , for them. We haven't n i n e t n r t h e m so we casl them aside. Vet t h i - i e are m a n y peoiil'', those of advanced nf.;?, those in,'. busy, tl:"se iiere vi.iilinj! who m i j j h t enjoy stopping, sit- t i n , ; .iin! v i i . i ' m j ' . tor a w h i l e in a shady fpol. Hut wi 1 j i a v i ; t h o u g h t for a [;ood m a n y years they were old l.r.hiuiicd 'Â·' wi; "asl lhr-m aside. J i u t in L ' h i h i i i i h u a City, w h i c h is a b o u t 30,000 p o p u l a t i o n t h e y a ; i ' ii"l too old fashioned lor them lo have. The fae i.s t h a t i i ' i i only an' t h e r e a l l r a c t i v c benches in the pla/a or square b u t t h e y are u p and d o w n one e n t i r e street foi several block:;. The.-e bi.-uehes a l l m e l n l and of a t t r a c t i v e w r o u g h t iron arc pliii-'-d where Ihey w i l l be used and they are used dur- i n g I h e l a l e aflernoons, t h e evenings a n d Sundays. H u t we have lost all of this and lost the visiting and the f r i e n d l i n e s s which goes along w i t h Ihese benches. We could learn a good lesson from onr M e x i c a n neigh bor.'i Â·-- we could l e a r n we h a v e more 'lime t h a n we t h i n k w have; ilia', the constant rush isn't good for our h e a l t h am t h a t i t is not only wise to t a k e t i m e out lo v i s i t but to provide, places w h e r e more v i s i t i n g is possible. WAKE UP, AMERICA!... Changes Underway? U bopin:; lo nppear tliiit a n u m b e r of cliniigcs arc Ir :;tort; for M)mu i.)f the boards .'twl cuniniiKsion.s in our stale as wi'll us tho way ;;nme of ll:o:ic :ihiio ii|;i'icifs do business Wu liopo t h a t Gov. Edwin I,. Mcdicm can continue to b r i n U about those clianjius and in n measui'o, at least, restore the i;m'i'rnmi'iil to Hie jnyjplo nf I l i o stale. Kur years thei'o lian been a K r o w i n / j concern in the fac llial hoard. 1 ; ami eummission.s set up in the slide to look i n t ( tho ( i n n l i f i u a l i o n s , experiences a n d even t h e t r n i n i n i ; o r t h i licenses of i n d i v i d u a l s comlnp i n t o Ihe ::tale h a v e become s( p o w e r f u l they d e t e r m i n e whether these i n d i v i d u a l s can prac- l i c e in I b i s :;late. U jitiirled w i t h one or twu businesses or jirofessional. 1 ] and t h e n r a p i d l y spread and Jt has almost reached t h e poin 1 where mi i n d i v i d u a l hns to be rifllit p o l i t i c a l l y lo be abk to co]ne i n t o New Mexico. These boards have been set up as e x a m i n i n g boards -lo e x a m i n e c r e d e n t i a l s , q u a l i f i c a t i o n s , diplomas, licenses 01 experiences --- but they w a n t to e x a m i n e (lie i n d i v i d u a l s They have set up ( h e i r so-called rules and regulations and as n result have been in a position nof only to control the matt e r of whether people entered the state but they have been able to keep competition out .of c e r t a i n cities and areas. That was nol t h e i n t e n t of the hoards when they were set up bin Ihev have assumed these roles. Their plea is the protection of Ihe people. They are nol protecting the people when they can create monopolies, keep o u t competition, and prevent q u a l i f i e d i n d i v i d u a l s in various professions or fields of endeavor lo e n t e r this state. And t h e various s t a t e o r g a n i z a t i o n s have secured the passage of these bills and laws nol to improve t h e i r professions or business and not lo provide better serve for the people.bul.only to protect themselves from competition. They can control who w i l l or won't practice in our slnte or who w i l l or won't follow t h e i r profession in New Mexico. And these hoards or these commissions have t h r o u g h Ihese l a w s and lhroui,'h Iheir so-called e x a m i n i n g gained absolute control over their own profession of ll'.eir own business. This has ^iven them an o p p o r t u n i t y to control the a f f a i r s , d i c t a t e who can come i n t o (he stale; who can or can't perform certain practices or carry on certain work in certain eomnumilies, areas or cities of liie slnte. Now we are lokl t h a t these agencies were nol set up for (his purpose and they are beiuy reminded they have assumed a u t h o r i t y they do nol have a n d l h a t the practices Ihey have been following must'be hailed. Certain such boards or agencies do not m a k e for free enterprise, l l doevn'l permit people entitled to come i n t o New Mexico lo practice their profession or to follow Iheir Irade lo do so. ll has reached the point where people are denied certain rights and privileges which are theirs and which Ihey should have. We o n l y - d u p e I h i i t ' G o v e r n n r - M e c h e m can carry out Ihe e l i m i n a t i o n nf certain of these practices in New Mexico. We hope l h a t he can see Ihe hoards are o n l y p e r m i t t e d to perform those tasks they were created to perform and t h a i (he practice of barring people whether they are professional men and women or skilled crafts from coming i n l o our stale. New Mexico das and does need t h e m . The people of the stale need to be protected as well as the ones in various professions or jjroups but up to now the people have been Ihe forgotten one:;. Aflcr.lffpO xup-s wiKhqvi! not reached the goal we'r.eok-- maybe 11100 years'from liow we will not have attained II, b'ul the important-thing is, nru we traveling in Ihe right direction?. Hudspeth Water (font limed from page onei marks indicate ut sonic time wa- .i;i wa.-t at capacity level in the lilches. Black marlcH it round the .up. 1 ! of the gates attest lo that, Â·low \Vas I-'ull ( Tim I fluw of water, when tnc ake wai; full, duuljled, tripled or nmdrupltul the amount uf water IDV/ in the same ditch, M u l t i p l y that by the past two if three yearn Hudspeth han boeii i^ rowing mihijtantial erops. The toil In (tstioiiumival. SJjico Iltiditpcth farmeiK shared iut ut all In the cost uf cfmserv- and leclnlming Klo Grande vater, and Jmvu no legal l i g h t to be w:iter, local farmer.! ca:Â»ily un- ier.stund Hint If total waste or ijiaye lltfii from Don Ana and 51 PIIHO counties n-mained behind JU'Ihnnt Unite and Cuballo Uam.s, a w a l o r shortage for the I'anuei-;; who paUl for tht water would be n n n - f x i s l r n l . Tlif w n l r r ohouid Ije l.chiiul the dams and spillways of Elephant U n t i e t o d a y . Hut i t i.Hn't. U has gone down canals of the R e c l a m a t i o n serviue in lltulspelh iarmtTM -- nt u ( j l g a n t i o cowl lo farmer.s in Uona .'OMUllcH. Ana and 101 Paso Â£OP Convention (Continued from page one) Knurr fell nut earlier this year: Knorr wius In a bigger hurry to .slock the ulatchuiuio with Republican workers. ' ; . One try t i l . more Republican Job.'; hat) met with strong opposition fro Democrats .Beatrice Ranch iiCMM-L'Lary of iitatr, nild Robert CUSUUT, auditor -- Die firing of Capitol luislodian liilorbo Quln- lami. Mrs. Kriuiih contends that she 1ms t u iigixT.to Hie firing-by Me- rlu-m mid Unit film won't do It. ( j i i l n l n i m JH n l.i.'iuuenil and has IS J u n U u i j j working under ' says he won't oltay $0,- him. Wcin'1 Ilkiiy CMS! IK- (HHI foi ii rn.sloilliiifn Hiiliu-y Q i i l u l i i n a ' j i ;iUci:L'ksor --- ir Iht'ic In mi,. .-- I I I K ! In lh! iiu'iuiUmo w i l l t'ontlmif to it|jpi-ovu Quinlaiia'.s flu'Pli. A n u l l i c r M-y, limvevnr, U'HH more IIIILVi.'.lsfLlI for t l l u ItojlUbHraillH. CaMi 1 Iws minoiinccii more lU'pMlnlcnns l i u v c - l w o n lilu'il Unit Channel Money (Continued from page one) II was lo lie used lo channelize Hip Rio Oi-ande below Hocorro in Ihe Kan Murclal swainjw as a rus- rue and wuler saving opet-allon. Tlip piojecl will cost aboul $4 million ultimately, but additional f u n d H will come OH needed, lhtÂ» Senator beliovea. Also on llic Klo Grande, the Senate raised amounts voted by Ihe House fur reclamation projects said Ihs Senator, willi $258,000 for pltumlng of Ihe Middle Hio Crnnde piojecl embracing the -river he- Iween Hocorro and Espanola. "The Interior hill as we senl it to Ihe Semite eonlained $64,000 ful- addtlional construction on the Â·Fort Simmer project, 52-H.OOO foi the Tucumcari ])i-ojecl, and Jl,. 088,000 for Ihe Klo Grande project below Elephant Hutte dam," Senator Chavez reported. "There wns an additional SI,720,000 for opcralion anil maintenance of the Las Crucc.s-lCl Paso in-lgalion pi-o- Jecl." ,lvmuv J'luiuilnjf The npproprjutiun till) al;jo Included ?10,000 tor advance planning of t h u recently approved Ver- ITIOJO project. UrlvhiK "head towurds utilization of the San Juim j-iver wall' the Uiirenu of Hechimntion woulil - - under thÂ»Â« .Senate bill -- get for Inventigntlon and. planning in n o r t h w r a t e r n New Mexico. $17,1,000 for Hie Snn Ju!in-Cha.ma tranÂ»- inountalii (tivmlon project; ?50,000 fur planning: tlie Aninms r La Plftla projPcL, and $50,000 for the Mouth Kan Juan project. Earmarked for the Indians in about $-1 million, of. which $1.5 million goes for educational f.icill ties find services, and another $800,000 for (Unease preventativc and ciirnllve service!). The 1'Msli nnd Wildlife Sen-Ice IK ulated /or $650,000 for propagation ami distribution of fishes, control of predatory ;inlmnl.s, nnd olhor actlvitlca. More than 100 Japnnesu jilanes nnd ti number of midget submarine ttiuk part In Uie. hombanl- mc'nt ol Peurl Hurbor on Dec. 7, 1941. by tin; Revenue Huroau. They apparently will ri:plnre Democrats. All the new Republicans are from northern New Mexico, whore pnUtKans need the most placating in the eyes of their lenders. D A I L Y C R O S S W O R D ACUOSS 1. Weft. Ii. Applaud .' 3. Cod of the HCR. 10. Ventilated i2. One thousund inllltons M.Wccp 15. Lam!. 16. T'ortlon of a curved Him 17. Bhndeof a color 18. Cornered, ait in trro 20.-Kfttives of Morocco 23. Addition to a bill . Â· Â£7. Memiuro oriniul 28. A twlninp plant 29. Parrot . (Urns.) Â£' ' H2,1'urport ' : liunlcn 37. Copper money (Horn.) 38. Monetary unit (Iluni.) 41. Exclum'ntlon . of contempt Â· DOWN 1. Hiver dnin V. Kyi U. laibrlcato 1. Monks .*. SiRH of tho zodiac 18. Care for medically 10. Onejivho diVCH '20. Mayan Indian 21. Tuber (So, Am.) Clark Trial Â· (Continued from page one) sleepy jury, no one in the court room knew for sure whether the article in question was a sewing machine, or a typewriter, or whether the state was charging Clark with theft of $132. All Arc. Mentioned AJ1 three'wcre mentioned In thfi 40-mlnute argument to the jury acli'oriced by Campbell and hia assistant. . . . The courtroom was nearly descried Tuesday. " Only Clark's relatives and a scattering of court house employes were patient enough to listen to the highly technical battle '..between defense and state's attorneys. , ; - When. the case finally was given to the Jury, they retired with, a four-page-long set of Instructions, at '4:54 p.m. ;: At 0:15 p.m., the Jury announced it wa:i collectively hungry and tired. " . ' So wan everyone else In the courtroom. . Questions On Verdict The Judge eyed the jury a moment and auked: "Have you gentlemen reached a verdict?" r "No, your honor," said George foreman. "We have Bei Ihelun, not." "Then 1 have one more Instruction to present to you," said Judge fowler. - "You will go In a body lo dinner. You will return after dinner and resume your deliberations imtIK you have reached a verdict. Will S.'jil Verdict "Then you will seal the verdict In this envelope. Your foreman will keep it in his possession until 10 o'clock- tomorrow morning when it will be presented to the open court." He admonished the jury to stay In a body until t h u t verdict was reached. Then, to separate, and to give no person Information on outcome of the verdict. At breakfast lime this morning, the jury hud not yet separated, so it was apparent that no verdict had been reached. Critical Housing (Continued from page one) White. Sands personnel. .KflHirr l''innnclii|; Tli'e criticjil housing designation permits easier financing of lUiw.homp-H, either by - individuals or contractors. The earlier critical defense area designation makes available scarce materials and labor to regions declared emergency .centers. In addition lo the huge influx of White Sands personnel, other families continue to move into Las Cruces at an Unprecedented rate as the city enjoys a booming population I hut has Increased Its sine by-more than a third in the last 10 years. The Chamber of Commerce today^ reported 12 families were assisted In finding living quarters b y ? t h e ' cjiamber in the period from May 22 to July I. Influx Continue This rapid Influx ban been continuing, and ho Ict-up is foreseen. Colonel Eddy and Mayor Samuel' iwln earlier said the d'esignaUons wore necessary because of White Sand's huge growth. Now a permanent military base. It.H annoui ed policy is lo house all civilian worker* practically possible in Las C'ruces. New Forest Eire, Poses Threat In , Gila Timber Line By HM-, AswM^lated Prrfw Â·Â· A new forest fire threatens.. Gila wilderness timber In southwestern New Mexico' today -- 12 miles south of the huge Black Range fire. The lightning-caused fire wru pne of two started by a storm Monday nlghi. Four smoke jumpers quickly stopped the first. Four more smoke Jumpers and two horsemen were fighting-., the second blaze, and an airplane radio observer said .it appeÂ«red as if it would be difficult to control. Â·' Navajo firefighters said they have controled Ihe two-day Chuska range fire on the Arizona-New Mexico border, although 1 25-mile winds threatened to blow It over t h e lines. . . . Rough terrain hampered.the battle. The 500 Navajos-are getting their supplies and equipment via packtraln over an eight-mile trail. Roads and trains through the Navajo forest area still were closed to non-essential traffic. New Stale School Finance Board To Organize Thursday SANTA FE, July U UP) -- The stale's new nine-man finance board for college's and universities will organize here Thursday. One of the first pieces of business will be the lottery for terms. Members will draw for three two- year, three four-year, and three six-yea terms. Subsequent members will be named to full six-year terms. The board also is expected to flsk for applications for an executive secretary -- an experienced educator who will draw a salary n the same' bracket as the presidents of the state colleges and universities. 0, Coin" (Chin.) 22, Grampus 7. Chief 8. South American republic 9. Sleeveless Kurmenl (Arab.) U, Color, ns cloth 1.1. Native me I til ii-1. Clamor *^5, Conclude 26. Property ( U ) 30. One who makes cloth 31. Hurled 33. Horn 34. Simian 35. Tree of rose family Y**tcrdÂ»y'i Aniwer 3fi. Begone! 38. Thin ' :i9. scottish- 'Guellc 40. Custom 43. Peep 46. Thus service F (Keel.) * 44, Appearing as if eaten 40, Hub QUL 4s!lJnU of force . (O.O.8.) Korean War .. (Contlnueil from page one) made It clear they wouldn't talk about one of t h e three points--a demand lhat foreign troops get out of Korea immediately. Rear Adm. Arlelgh A. Burke, a nember of the five-man U. N. .earn,- said it was a political question. Allied negotiators won't discuss political Issues. The briefing officer said nego- tialors "nmy not get down to brass lacks" in Thursday sessions. They still are discussing what items are lo go on tho agenda and in what order, they will be taken up. Ruhien said there was much less tension at Wednesday's meeting. Things went forward in a "businesslike manner". lie said lie could not disclose Just what lm.s been accomplished. Conferees arc operating without a chairman. Vice Adm. C. Turner .Toy Inntfa Allied dlacussions as U. N. spokesman, North Korean Gc, Nam 11, chief Communist delegate, Is the "dominant foroe on their side". Ruhien described hini as "dynamic and n man with a strong .character*', Nrlthrr Dominate He. said neither dominates thfc sessions-- held around a long table In o room decorated only by the U. N. banner and a North Korean Improvement in the atmosphere of negotiations was rftflrcted In a communique unnouncemcnt that 20 Allied nuws representatives would be Authorized to go to Kncaong or Thursday's negotiations. Previously they had been banned on Communist Insistence, Klvc Allied photographers went to the Retl'guarded city Wednesday after tho U, N. delegation had left. . They traveled along roads guarded by a motley Â»ssortmÂ«nt of Chinese, armM with American, Railroads In Stale Stall Rale Increase SANTA FE, July 11 (#1 - Railroads operating in New Mex'oo have held up their request for a 2 per cent freight- rate Increase within the state. The State Corporation Commission Han postjxmed indefinitely a hearing originally set Tor lomor- ow. Paul Pompeo, chief rate clerk, said no hearing will be held unless the railroads submit a new-application. Â· The railroads asked deferment of the request pending settlement of a request for an'Interstate rate increase which is still before t h e Interstate Commerce Commission. Over 2,500 Braceros Contracted For Work EL PASO, Tex., July I I [JP\. -About 2.SOO Mexican agricilltura workers are expected In be contracted for by New- Mexico and west Texas fanners this week. Dlst. director Joseph Minton of the Immigration and Naturalization Service says last year's contracts are expected to be extender in most cases. A i r Search Launched For Arizona Men ALBUQUERQUE, July 11'.UP) -An air search was launched today for two Businessmen who disappeared on u private plane flight from .Tucson, Ariz., to Abilene, tuns. Missing are Carl and Dale Sexton, Tucson brothers. They, took off. there at 5 a.m. June 30 and have been unreported since. . The Air Force Search and'Res- cue Service at March Field, Calif,, dispatched planes and personnel to set up search headquarters here. Civil Air Patrol squadrons In New Mexico were asked to join In the hunt. Reeds May Appeal Calf-Stealing Case To Supreme Court ALBUQUERQUE, July 11 l/i'l -Conviction of Kenneth and Rebecca Reed for stealing a calf may be carried to tho U.S. Supreme Court. Robert B. Bennett,'Albuquerque attorney, is handling the appeal for the Reeds, convicted of stealing and branding u Hereford bull calf claimed by Uiiron county rancher Olin Caviness. . They were sentenced Â·' Jan. fl, 1950, llceu to ;:iree years plus Â¥500 fine and Mrs. Reed to is-24 months. Appeal bonds of $3,000 each have cn filed with.; the Slate Supreme Court. That court upheld the conviction in district court at ClHy- .on and denied a motion, for ii re'- tearing. Attorneys contend that constitutional rights of the Reeds were lenled. Hrltlflh and Russian-type weapons. The Reds stood with, their backi o the road. They sftUi they were trotectlng . the Â· pence .galnat "gucrrlllM", CKarUf No, 7720 lUptnr* District Nt. Â£!Â·Â«Â» REPORT OF CONDITION OF THE FIRST NATIONAL BANK 1 OF LAS CRUCES IN THE STATE OF NEW MEXICO, AT THE CJ-QIJE, OF BUSINESS ON JUNE 30/1U1. PUBLISHED INRESPONSE TO CALL MADE BY COMPTBOLLEH OF TH CUHHEN. CY, UNDER SECTION Sill. U. S. REVISED STATUTES. ASSETS .'. ;.'. V v / Cash, balances with other banks, including re- . serve balance, and cash items in-.process, Â°', Â·. , --Â· collection : .Â·....Â·.;.::.,,$1,OS3,85?. I 6 United.Slates Government obligations, direct,and.: Â· Â· ^, . ... guaranteed 'Â· :....:..,..'..;.,...2,214,700.00 Obligations ol states and political subdivisions::;.- :. 329,000.00 Corporate stocks (including $6,000.00 stock'.'of Fed-:-..: --..,.-,.. Â· eral Reserve bank) :..,.,.:.- :,..:,..;i...v Â· 0,000.00, i j a n s and discounts (including no overdrafts) ..;,. 1,257,399.05 Bank premises' owned $65,000.00; furniture^ and: - Â·Â·. .:;Â· - ' Â· ; Â· fixtures $24,500.00. .Â· .Â·..,.:....'.,::...:..,,..'.....,. ,,..89,500.00 (Bank premises owned are subject to no liens Â· . ' '-, . not assumed by bank) Â· Â· . . - . : ' . Â· , : , ; ' , . ' - ; | ' . : Â· Â· ' ' . - Â· ,'. Toi.iA.Mts Â·LIABILITIES Demand deposits of ihdividuals.'vp'arthership.v' Â· '* and corporations ....................................... , ................ $4,091,552.16 Time deposits of individuals, partnerships, ' and Â· .-. :.' corporations ........................................... , ...... ............... 35,556.00 Deposits of United States Government (including , . postal savings) .................... : ......... : ............... .....:,,Â· ;....v\- 10,005.00 Deposits of States and political subdivisions .:..;".. . 494529,96 Other deposits (certified and cashier's checks, etc.) 48,020.20 Tot.l D^xÂ»lU ...... . ............................. $4,679,663.41.- ' Toial LUbllllle* .................................................. ..$4,679,663.41- CAPITAL ACCOUNT . Capital Stock: Common stock, total par .............. $100,000.00 $ 100,000.00 Surplus .............................................. 100,000.00 Undivided profits ................ : ................. :.., ................ v . 30.789.00 Reserves ... ............................................... '. ................ '.....'... 70,000.00 stock). ............................................................................ 70,000.00 Total Capital Account. ....................... . ......... . ........ $.300,789.00 Total LiabllltiM and Capital Account. ............. ..$4,980,402.41 MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes .-. ............. : ............................ $ 706,300.00 i t a t e of New Mexico, County of Dona Ana, ss: . . I, Stanley T. Alcolt, cashier of tile-above-named SEAL) bank, do solemnly swear that the above statement is true lo the best of my knowledge and belief. STANLEY T.'ALCOTT, Cashier Correst-- Attest: ' J. J. ABAGON A. I. KELSO B. B. HOI/1' GLENN HAM1LL . Â· Directors. Sworn to and subscribed before me this 10th day of July, 951. Â· ROSENDA SANCHEZ, Notary Public Â· Â· _ Â· Â· Â· 'Â·- ' Dona Ana Co.', New 1 Mexico My Commission expires. May' 10; 1954. Â·'. - ', -. : . , ; REPORT OF CONDITION OF '' f ' The Mutual Building and Loan Association OF LAS CRUCES; ' at Las Cnices, in'the State of .New Mexico, at-tlie'close of business June 30, 1951. -, . . . . . ' ' . ' . Â· Â· . - . RESOURCES '; Loans--First mortgage security $2,194,948.03 Loans--Stock or pass book security .12,051.10 Stock in FHLB ...I:........'.....-... 32,600.00 U. S. Government obligations -. ' '-1,500.00 Cash on .hand and in banks ...-.,.-. 85,701.64 Office building and land ; : 26.250.0 Furniture and.fixtures ,........::...: '992.21 Prepaid expenses , ,.! , ;.- '50.25 TOTAL -. ,....;.,.... ^354,099.23 LIABILITIES Â· Installment stock and dividends.:...,. : ...$ 132,136.85 Paid up stock interest or dividends i. : :.L..... Â·.'167,232.00 Optional payment stock L..,'... ;.- 1,251,059.71 Installment stock. dividends pledged '...' 358,737.39 Advances from FHLB '. lA,675.00 Borrowed' money -,,' ^5,000.00 Due on loans in process Â· ' 26,707.06 Accounts payable .... ; .; '.'.'....'...'.....'.. Â· 3,812.05 Federal insurance reserve 50,000.00 Other reserves ..' .'.:..; ..;.; : 155,000.00 Undivided profits 4973917 $2,354,099.23 State of New Mexico, County of Doha Ana, ss: , . We, A. I. Kelso, President .and P. W. Kaltenba'ch, Secretary of the above-named association, -do., solernnly swear that the foregoing is a:true.and correct statement of the financial condition'of ; snid association on the 30th day of June, 1951. Â· . . . Â· Â· Â· Â· " . - , : . Â· Â· Â· . Â· , . . . . Â· Â· ' Correct--Attest: " ' ' Â· ' . . Â· ' ! Â· CHAS. E. STRICKLAND, / ' Â· 'A. I.-KELSO, Prcs. DAVID BRONSON, - ,P. W. KALTENBACH, Secy. GLENN HAMILL, Directors. Sworn to and subscribed before'me this 9th day of July, 1951. . 'Â· ,' : ' , VENSONjGLENN, Notary Public (SEAL) ' , My corpimtsslon expires 2-20-55.
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