The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-12
TO BLEED NEW MEXICO.
Wall Street Boodlers Propose to Use
the Administrator.


Washington Dispatch to the Denver
News: Strong financial and political
Influences, with headquarters in Wall
street, and having connections with no
less than five of the states of the union
West Virginia, Connecticut, Pennysl-
vania, Kansas and COlOradO-are said
TO be cooperating with Governor Mi
guel A. OterO of New Mexico, who is
now here. in his efforts to induce Presi-
ident Mckinley to name a majority Of
the new supreme court judges of that
territory. who shall be friendly to the
governor and his enterprises.
When OterO was named as governor,
in April last, by the president, it was
noIsed about that certain eastern bond
holders and those representing large
land grants and mining interests in
New Mexico, had much to do with the
appointment.
IT now appears that the Wall street
firms of w. N. CoIer & Sons and Moore
& Schley of which latter ex-senator
Calvin ). Brice is partner, and others,
holding bonds or other claims against
New Mexico or one or more of it's mu-
nle1pal subdivisions, have organized to
work with Governor OterO to secure the
appointment by the president of judges
who can be relied on to foster and en-
courage certain ambitious plans said
to have been long since been mapped
out in detail and agreed upon, whereby
New Mexico is to be given a complete
financial overhauling and all due and
past due territorial. county and city
paper merged into one grand funding
scheme and charged up against the
people as a territorial debt, payable out
of the territorial treasury.
The plan, so the story goes,' is to
have congress, by and through the in
,f he ,c-f, =
combine, pass an act authorizing the
governor of New Mexico to appoint a
commission of three citizens of the ter
Fitory to investigate and report upon
all these financial matters, and then
present their report to the territorial
supreme court for ratification" Hence
the interest the governor and his asso-
ciates in having their friends cOnsti-
tute at least a majority of the members
of the court
1t appears that the above named Wall
street firms and persons represented by
them hold something like $1,000. 900 in
New Mexico territorial, county and niu-
nicipal securities; many Of them were
purchased at 80 cents on the dollar, and
fully One-half of them are alleged to
have been declared by the courts fraud
ulently issued. The ancient militia war
rants of that territory, issued years ago
during the early Indians wars, and
which are now in the hands of an in
fiuential clique of New Mexicans, who
paid from 5 to s cents on the dollar
for them are also to go into this fund
ing pool, and the aggregate amount of
all these securities, good. bad and in
different, is between $1,000 900 and S.
100000.
The ''rake-off'' for the manfpuIators
of the deal is estimated to be fully so
per cent. One OF the commissionerships
is said to have been promised to Jeffer-
son Reynolds. and safe men-that is.
parties agreeable to the Wall street in
terests--have been selected for the 9TH
er two places.
Should this project go through. it will
burden the people of New Mexico for
the next generation, but for those who
engineer it, it will prove one of the
most profitable. enterprises ever worked
from Washington upon a western COM
munity.