Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1897-12-11
REAL YELLOW JOURNALISM
Sensational Dispatch from Washing
ton Alleging Conspiracy to Fund
Questionable Indebtedness.
NEW MEXICAN DISCLOSBS THE FACTS
Aside from So-Called Militia Warrants,
the Territorial Debt Was Author
lied by Legislatures and the
People and is Honest

The Denver News of yesterday CON
tains a long and sensational dispatch
from Washington stating, that conspir-
acy had been entered into between New
Mexico politicians and Wall street brok-
ers to capture the territorial Supreme
court for the purpose of having New
Mexico warrants of questionable value
and validity refunded into territorial
bonds, and charges that Governor Otero
and Jefferson Reynolds, of this territory,
and Moore g. Schley and Ooler & 90. and
ex Senator Brice, of New York, are in the
combine. This article is published under
scare heads and only lacks skull and
cross bones to make it really awful and
blood curdling.
The origin of the article will more than
likely be found in the proposed introduce
tion IN congress of bill for the refund
ing of New Mexico outstanding indebted.
ness, territorial, county, precinct and
school district, bill to that effect, called
the Knox bill, having passed the house
of representatives of the Fltty-fourth
congress, but failing to get through the
U. s. senate.
There is but one feature of the recorded
Indebtedness of this territory that can
with Justice be called fraudulent and that
is the so-called militia warrants, issued
under an act of the legislative assembly
passed in 1867.
As far as the remainder OF the territorial
debt is concerned, it is absolutely honest
and was incurred through and by the ex-
press wish of the Legislatures ano of the
people.
Many of the counties owe large debts,
as do the school precincts and school dis
trlcts, but these are in no sense fraudu-
lent. 10 this county and in Grant coun-
ty large amounts of bonds we're issued in
aid of railroads; these cannot be- called
fraudulent as they were issued 10 express
conformity with the will of the people,
AS expressed in elections; it is claimed,
however, that these bonds are illegal,
having been voted in violation of an act
of congress limiting county and muncl'
pal debts.
From the best attainable sources it ia
estimated that the territorial, county, CITY
and school district debts will figure up q
total of nearly $3,000,000, this exclusive
of the go called militia warrants 10 the
case of these latter committee of the
house of representatives of the Twenty
ninth legislative assembly reported that
it found from the stub-books in the terri
torial auditors office that about 100000
of these had been issued, but that it was
believed that two stub-books we're MISS
ing The amount of these warrants is
estimated by we'll posted men to be al
the way from 100000 to $l,50O,0oo and
more
These are the facts That it is the in
tention of those holding this indebted
ness, to ask congress to pass bill
for the refunding of all of the indebted
ness of the territory admits of no doubt
That congress has the power SO to do il
also fact. Also, that it is not necessar!
to submit the case to the Territorial So
preme court is true. 1t seems to thu
New MEXICAN that there is more sensa
tionslism, and yellow journalism thar
aught else in the dispatch to the News
however, the NEW MEXICAN proposes Il
investigate the matter fully and will stant
by the rights of the people and by wha
is just and equitable in the premises.
Select perfum es, in fancy bottles, fol
~ n 4