Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1891-09-16

aid to the branch. For my own part,
concur in this construction of the statute
and so does hesupreme court. believe
for instance, that the Southern Pacific
company, whose charter permitted it Il
construct and operate railroads almos
anywhere, might; while the aid statute
was in force, have made new roads from
time to time, and have received aid 70
each one from every county through " hicf
it might pass.
However, 40 fraud was meditated o.
practiced. There were two separate pro
positions for aid duly published in Span
ish and English, and each proposition
was
WRITTEN IN EXPLICIT TERMS,
describing the particular road to which il
related and the. amount of aid proposed
There were two distinct sets of papers
and two distinct proceedings. The same
fifteen taxpayers, who, pursuant to the
law, made the request to vote $71 900 tc
the main line, also made a like request tc
vote $40, 900 to the other line, and they
duly signed both requests.
Their names are: Rev. J. B. Lamy
Rev. j. A. Tsuchard, Will Spiegelberg
No2 Held, j. &. SChumann, j. l.. John
son, Lehman Spiegelberg, lose B. Ortiz
Louis Gold, A.fTi. Irvine, Ramon Padilla,
Sol, Spiegelberg, A. Seligman, Herman
Ilfeld, Romulo Martinez and William w
Griffin. No man can say in good faith
that these intelligent citizens did not
know what they were doing. Moreover,
the two elections were duly held on notice
Every owner of taxable property was
entitled to vote. The judges of election
in each case were; J. NJ. Ortiz, Jose de
la Luz Riobal, John Boquet, j. j. Town.
send, Cristobal Romero, Jose l. Trujillo,
r. II. Longwill, Sol. Spiegelberg, Charles
H. Gildersleeve, Trinidad Alarid, Martin
Quntana, Julio Jiron, Juan A. Herrera,
Jose Gonzales, Bartola Rael, Leonidas
Baca, Nasario Gonzales, Aban Nieto,
Juan A. Chaves, Pablo Paudo, Ambrosio
Pine, Sylvester Davis, Juan Ortiz, Cres-
tino Montoya, Juan +. Riobal and Manuel
Lujan. These citizens duly certified to
the returns of both elections, and those
J eturns showed that both the sum of $17,.
900 and that of $40, 900 were voted.
There was
Every body almost was content. Then
the construction of the railroad in this
county commenced, and Hon. Lew Wal
lace, then governor, went from time to
time upon the ground in order TO calculate
the progress of the work, so that, under
the law, he might certify what install
ments of bonds had been earned at the
date of his respective certificates.
No man in Santa Fe is such knave as
to besmirch thecharacter of Lew Wallace
by even intimatng that he was, in max
ing these certificates, party to fraud,
or an imbecile imposed on by the arch
bishop and his associates.
Thus, without objection, all the bonds
were duly issued in negotiable form under
the county seal, and signed by the COM
Antonio Ortiz Saazar,
William Ii. Manderfield and Abraham
Staab, by the probate judge, Jose A.
Ortiz, and by the probate clerk, Luciano
Baca.
The bonds are perfectly regular on their
lace, and they bear 8. recital declaring in
effect that all legal conditions had been
with, and, being issued in
series, no series exceeding $4,000 in
no purchaser upon reading
hem, even ii he knew the assessed
'aluation" OF the property, would be led
SUSPECT TIE LEAST IRREGULARITY.
So the bonds went upon the money
market of the country, and the accruing
interest was levied and paid.
In 1883 and afterwards, Mr.. Coler, be-
ng banker, bought these bonds. The
'ounty was slow in paying the interest,
)ut it was not dishonest. Counties with
/ heavy bonded debt are nearly always
low in getting in their taxes. Bankers
iealng in municipal bonds know this
act and they are very accommodating
,ften advancing the interest themselves
o their customers, taking up the interest
coupons and extending indulgence to the
Upon this plan Mr.. Coler act
ID, until, in 1885, he held quite con-
iderable amount OF unpaid coupons. In
hat year, the territory, through Mr..
Utter, tried to float its 'capitol bonds"
which were under cloud in the money
market, because of doubts respecting the
alidity of our legislation of 1884. 1t was
diff ;ult ia SIX. Mr.. Coler was then
sked to buy them. He replied in sub.
tance that he had been Inconvenience
" the failure of the county
TO PAY PROMPTLY
ts interest on his railroad aid bonds, but
hat, if our principal citizens would fur
fish letter expressive of their confidence
n those securities and the financial abil-
,y of the county, upon which letter he
ould dispose Of the bonds and the un-
natured coupons, he would secure the
200, 900 to build the capitol.
Thereupon, the following letter was sent
0 him through Mr.. Utter.
ieo II. Utter, esq.,, Sa nta Fe n. NJ.
Santa Fe, N. NJ, May IS, 1sS5.-Dear
'ir: We, the undersigned members of the
Santa Fe Board of Trade and tax payers
f Santa Fe county, respectfully represent
o you that the issue of $l50,0O0 in Santa
Te county bonds, issued in 1880, and,
'ayable in 1910, 1911, 1912, 1918, 1914
nd 1915, to aid in the construction of the
Jew Mexico & Southern Pacific railroad
.ffords a safe and reliable investment,
nd that the financial condition of Santa
Fe county justifes us in stating that we
,elieve the obligations of the county will
,e promptly met.
[Signedl L. BRADFORD PRINCE,
Vice Pres. Santa Fe Board of Trade.
ARTHUR BOYLE,
honorary Secretary Santa Fe Board of
Trade.
w w GRIFFIN