Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-02-26
TAX PAYERS OBJECT
Business Men of Santa Fe Condemn
the Bond Scheme Now
On Foot.
BONDS CAN NOT Be SOLD
The Issue Illegal and Property Owners
Would Not Pay Taxes for Interest On
the Alleged Obligations Which
May Be Offered.

The New Mexican representative dis
covered to-day that there have been a
number of inquiries about the proposed
bond issue from possible purchasers,
but they have been advised to leave the
issue alone. Col, George w. Knaebel
will inform Dun & Co. Of the financial
situation in this county and city, and
Hon. J. P. Victory has informed several
New York bankers that the issue is lille
gal. This seems to settle the bond issue,
for; as a taxpayer expressed it to-day,
it must be fool or a sucker who would
invest cent for any bonds that the
City Of Santa Fe may issue under pres
ent conditions.
In speaking of the matter Hon. A. l..
Morrison said: II am unalterably op-
posed to the bond issue. Previous ex-
| perience with the city authorities
| should have convinced taxpayers that
those in power are not fit to handle the
funds. Half of them would be stolen"
Hon. J. P. Victory: You can tell the
people that am against the bond issue,
and you cannot express my opposition
too strongly New York parties have
written to me about the bonds and
have advised them to keep hands off, as
the bonds are illegally issued"
Atanacio Romero: II am against the
bond issue. The city cannot afford It,"
Charles Haspemath: II am against
the bond issue as hard as it is possible
for taxpayer to be. The men who gov
ern this city cannot be trusted with the
peoples money, as most of them cannot
manage their own affairs. The city can
not pay it's debts now as it is.'
8. Spitz: Property holders and not
those who govern the city at present
must bear the burden of the debt, and
so I am not in favor Of bond issue un-
til the old debts have been paid"
J. Muralter: II own property in this
city, and it would be very foolish for
me to favor any measure that would
increase those burdens"
W. H. Goebel: "If I were one of those
who would make money out of the deal
would certainly be in favor Of 1t, but
rs I am not am against 1t. The city
IS dying now of debts and excessive
taxation
Judge N. B. Laughlin: Il am against
it as long as people such as have been
and are governing the city would have
the spending of the money Under 9TH
er circumstances might be in favor of
making city improvements"
A. Walker: Taxes are too high al
ready. But if such a thing as an hon.
est city government were possible In
Santa Fe opposition to the bond issue
might dwindle to nothing
j. G. Schumann: IA good thing for
those In power, but as for the taxpay-
ars 1t would be an onerous burden, with
out any compensation whatever. I will |
assist any movement to defeat the issu-
ing or selling of the bonds"
j. w. Akers: II do not believe that
the city can find any one to buy the
bonds.''
John Patterson: II voted for the bond
in good faith, but now am
opposed to it. Under present conditions
t is unwise to add any additional debt
to the present Indebtedness.
s. E. Lankard: "The bonds cannot be
sold for what they ought to bring, and
f they are I do not believe that the
money would be spent honestly, and
therefore, I am opposed to the bond Is
sue. If the bonds could be sold at par,
Ind If the city had government that
,ould be trusted, there would be no OBJ
lection to spending money for beauti-
ying the CITY,"