Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-12-07
IT WAS WITHDRAWN,
A lively Tussle Over the T., S. F. & N
r. R. Funding Proposition. and
What Came of it.
Tax Payers Take Hand-The Collector
Must Settle-Adyertising Detin-
quent Tax Payers.

All day Yesterday and until 8 O'Clock
last night the proposition to fund the
$16S, 900 T., s. +. & n. r. r. bonds and
back due interest coupons had the floor
before the county board OF commissioners.
Comr. WHY'S refused to divulge his in
side information on the subject, yet per-
sistently opposed the funding. In the
afternoon Col. Smith, the railroad COM
pany's attorney, appeared before the
board and made another plea in behalf OF
issuing new bonds at a lower rate OF in
terest. The board called upon District
Attorney Twitchell for his opinion on the
subject.
The district attorney announced to the
board that he had not taken any part in
the Coler bond case but in his opinion the
proposition made by Gen. Nelly was
identical with the questions involved in
the litigation over the N. M. & S. p. bonds
the Coler case. That he did not believe
that the board could afford to occupy so
inconsistent position as to entertain
such proposition, and that the supreme
court would soon decide all the questions
at issue, and that it was very strange that
counsel for Gen. Nelly could insist on the
resolution for the reason that he was one
of the attorneys for the county in the
Coler case, expressly retained to defeat
the very proposition he was now ad-
vocating for another person. That in the
opinion of the district attorney the whole
matter was properly described by the old
saying, "that it made q great deal Of diff
ference whose OK was gored." That the
board had the power to fund, but the
policy of SO doing was discretionary and
should be exercised with view of the
best Interests Of the tax payer.
Much discussion then ensued, and when
adjournment was taken twas to O'Clock
in the evening.
At the night session Mr.. Martinez was
not present. When the session opened
the room was full of spectators, and be-
fore long it became evident that many of
the leading tax payers were on hand
with the serious intention of becoming
participants in the discussion. The at
torney for the railroad company and
Gen. Nelly again requested action by the
board, when lively debate was opened,
Messrs. w. w. Griffin, A. Staab, r. J.
Palen, N. B. Laughlin, Francisco
Delgado, Antonio Ortiz y Sala-
Ear and Judge Baca taking
part as tax payers and urging that no
funding order be made. The citizens
took up the provisions Of the resolution
published yesterday, and which 1t was
proposed to have the board adopt, and
pretty we'll dissected it. By one the point
was made that, in case this issue of bonds
was irregular, the refunding might serve
to make them regular Another said that
whenever corporation proposed to DELHI
erately give away something to the
dear people it was time, on gen.
eral principles, for the dear people
to look out. Another tax payer thought
there was so much similarity between the
T., S. F. & N. bonds and the so.called
Coler bonds that it would be wise at least
for the county to wait till the supreme
court could pass upon the Coler case,
only few weeks hence. Still another
said that it would, under this resolution,
be more expensive for the county to fund
than not to fund. He illustrated this by
saying: "Here it is proposed to fund
the $4,000 of principal at 51a instead of
& per cent interest, a saving OF
$3.50 per year to the county.
But, on the other hand, it is also proposed
to refund $4,000 back due interest at 512
per cent, which means an extra interest
of 81 900 q year the county must pay"
Saving $3.50 on one hand and losing
81 900 year on the other didn't strike
this tax payer as being exactly the proper
caper.
Thus the contest waged, good many
knotty questions being fired ever and
anon at the railroads representatives.
Finally Col. Smith withdrew the PROPOSE
ton to refund, and here the matter rests
for the present.
Other business was then taken up
by the board.
The bill of the Voz del Pueblo Herald
parties of 81 500 for printing the record
on behalf OF the county in the Coler bond
suit was approved. Comr. WHY'S voted
for it and then seemed very much aston
ished that it carried. Mr.. Martinez was
absent.
The following was adopted:
Whereas, 1t appears that there has been
no settlement made by the sheriff and col
lector of Santa Fe county with this board
of county commissioners; therefore be it
Resolved by this board, That the sheriff
and collector be and he is hereby required
to make full and complete settlement
with this board at their January, 1890,
term.
The following, also presented by Mr..
WHY'S, was adopted;
Whereas, 1t appears there has been no
edyerti semeDt Of the delinouent tax nav
ers OF the county of Santa Fe, as required
by the law, since January, 1856; therefore
be it
Resolved, That the sheriff and collector
be and he is hereby required and directed
to publish imm ediately after January l,
1890, q list of all the delinquent tax pay
ers, including amounts due by them.
The board then adjourned to meet again
on the Goth instant.
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