Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-09-30


and assurance of his guarantee given to /
me personally, that the new Ramona 1
school building should he completed to 4
the extent tf lis full subscription. Mr..
Houghton gneW that had thus expend-
cd'money from my own personal state
ment to him. I had also borrowed from
him for the Ramona school on my per-
sonal note 81 500 for the erectiont66f q
temporary dormtory, and for that pur-
pose when it was intended to be built on
the old Ramona property. This entered 4
also into my accounts with him and was 4
duly settled. ] had to borrow large sums 4
repeatedly at the bank and otherwisaen \
my own responsibility, amounting to sew 4
eral hundreds of dollars each, and in some \
instances to over $1,000, to meet the
obligations of and for the Ramona school
in other bills and in the building. This
did uncomplainingly in order to preserve
its credit and work. These expenses
we're created under resolution of the trus-
tees. At the time the collateral referred
to was given temporarily, there was but
one note due in the bank of 81 900, which
was less than the sum owed to me by tho
Ramona school, according to my report
| SuDllItleu uUtl tChllON letlHcu III ullb auul-
tors report, which was debt to me and
is still of nearly ~, 400. / never bought
any land whatever in Santa Fe for eight
years for myself or for any relative. nord do
| own such nor they. | was Obliged to
take back some land OF the Vargas grant
which had been bought by me for Mr..
Houghton, paid for and then rejected by
| Mr.. Houghton on account of Mr.. Fiske's
decision against it, and the land was
turned over to me by the parties xWhes
were unable to return the money, as
security for the money! owed Mr.. Hough
ton on account, and for his benefit. Thits
was afterward taken by Mr.. Coolidge, tho
attorney of Mr.. Houghton. l neves
bought for myself or any relative any
property whatever during all this Hough
ton land business, nor since my connec
ton with it ceased. Mr.. Houghton al
ways supplied me with surplus funds o.
credit with which to pay purchases fol
him. 1 purchased for no one else excep
friend, Mr.. Knowlton, who paid til,
money for it. In no respect did use tn,
funds OF the Ramona school Us asserted
for my speculations.
Mr.. Hough on himself asked me
the early summer of 1887, when l VI,
Boston, if would purchase some
for him in Santa Fe. lie proposed it .i....
self, having found that it was cheap a.
compared with other places that purj
chases were already being made by other
here, and believing himself that SantaFG
had especially good railroad and nilitarS
prospects. He instructed me first to bu
some land for the site OF the Ramon
school, which l ordered by letter at hi
request, but too late to obtain the piec3
named. Another piece was selectedTn}
purchased, but not accepted by the trus
tees. He was anxious that should com
on and invest some money for him.
said | could not do it, at least for q month
He was apparently quite uneasy abou'
my delay. He authorized me when dit
come on, about the lst of July, to invesi
100000 for him, with some instruction
how it should be done andpaid for, whic
| followed.
found great deal of interest in Ian
purchases when | arrived; extensive one
had been made already by Messrs. Morsi
and Thornton, OF Boston and Santa FL. \
to the amount OF two or three hundred
acres for and around Santa Fe; also bA
Mr.. Hickox and others. | made knowl
my hlSll w tJuF lttiiu w oOillc VI Itl6 ITuN
tees, and after one or two weeks began Il |
purchase OF these and Others indiscrimI
!, nately. | received no money from then |
in any way, nor from Mr.. Houghtom I'd
services i'll this exhaustive work ID
several weeks till my settlement wit
Mr.. Hougiton in October in the sam
year, made in Boston. The only excel
ton to this statement is credit Of part
the profits made by Mr.. Sellgman, wi
! after my work OF purchasing had gone c,
for five or six weeks told me that l. w.
} doing wrong to myself and my friend (
having nothing to support myself or the 1
with, and taking no profit whatever fro .
, the numerous land transactions whic |
; were benefiting others. He said that |
J | purchased any more land through bid |
he should give me half the profits that h |
made. l said in reply. Very well,
will report the same and turn them ovl |
J to Mr.. Houghton." lie distinctly sa .
then that | should not have them. Aft
settling with them for the purchases mao n
through him near the close OF the SUI \
mer, said would make an agreemel 4
with him as he proposed, but should st
} report it to MIR. Houghton. This 1 did l |
} October. My entire profits in all til
business, for about fifteen months, wi
less than 21& per cent onthe amount. .
pended. III
!. Mr.. Houghton was kept acquainted wiz \
all my important transactions for him ar |
no large purchase or improvements we
made without his previous knowledge al n
special instructions or consent theretl /
and he had time in the, transactions spl A
cially spoken of by Hood, as proof of roS /
berry, to countermand the TRANSACTION
contract, or to refuse payment Of the dtaf
made on him for them. : III