Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1911-10-16
TAOS BANK
HAS FAILED
But 1t Is Believed All De-
positors In 1t Will Be
Protected
INDIAN OFFICIALS CONFER
Governor Mills Writes M. A.
Otero, Accepting Resigna.
ton as Treasurer.


territorial bank in the territory OF
New Mexico in fourteen years occur
red Saturday when the state
bank of Taos was closed by Terri
torial Travelling Auditor John Joerns.
A. Clarence Probert, cashier OF the
bank has been arrested and was helo
in the sum of $4,000 bail, on the
charge of making false representa-
tions
Travelling Auditor John Joerns has
been at Taos for the past five days
and it is said that an effort will be
made to straighten out the banks
troubles, so that none of the deposit
ors will lose, and to reorganize the
bank so that it can continue in busi-
ness.
The bank is capitalized at $4,000
and the report on June 80, 1911, made
by the travelling auditor shows that
the bank had. on that date deposits
subject to check of $22 S03 and on saw
ings deposit $3S,223, making TOTAL
balance of $61,026. The resources
and liabilities were $76,026.
The names of all the heavy deposit
ors are not known but it is said that
Gerson Gusdorf, the well known mer-
chant, is one of them.
- Forest Headquarters Moved.
The headquarters of the Pecos Ma.
tional Forest Thomas R. Stewart, Sill
pervisor, were today moved from Pc.
cos, San Miguel county, to Santa Fe,
where Offices were occupied in the
federal building.
For the Treasury.
The territorial treasurer has receiv'
ed the following sums for the treas.
ury: William M. Robbins, treasurer
OF Sierra county, $413.7S; James Suth'
erland, treasurer of Chaves county,
S1,4O2.S5; game protection, $147.25.
Cattle Sanitary Board.
The territorial cattle sanitary
board has decided to test all dairy
cattle in New Mexico for tuberculosis
Two line riders were ordered to ride
the New Mexico-Texas-Ok Oklahoma
boundary to stop the practice of driv.
ing cattle across.
Deer Season Opened.
The deer season opened Sunday and
will continue for one month 1t is
said that there are more deer in New
Mexico than ever before, and that
there is one for every voter in the ter
ritory. There are also more grouse,
quail and turkey than in former years.
Many hunters went out in quest of
deer yesterday, but no results have
yet been ascertained.
New Company Incorporated.
Article of incorporation was filed
today in the territorial secretarys Of
flee by the U. S. Investment and Bond
Company, with C. A. Lipp of Roswell
as the statutory agent, with Roswell
as the place of business. The company
is incorporated at $25O,O0O consisting
250,000 shares at 81 each. The stock
holders are G. A. Lipp, Roswell, 700
shares; E. M. Plount, Albuquerque,
25O shares; 0. F. Higginson, of Albu-
querque, 500 shares; c. E. Lukens, 500
shares and J. S. Easterday, 500
shares.
Accepts Mr.. Otero's Resignation.
Governor Mills sent the following
letter to Former Governor Miguel A.
Otero in response to the letter of res.
ignation rendered by Mr.. Otero as the
treasurer of New Mexico
Santa Fe, N. M. October IA, 1911.
My dear sir
l an just in receipt of your favor of
the 10th instant in which you tender
me your resignation as treasurer of
the territory of New Mexico. regret
exceedingly that you feel you must
take this step, but in view of the
statement contained in your letter
hereby accept your resignation to take
effect upon the appointment and quail
ification of your successor.
With best wishes, am
Very sincerely yours
WILLIAM J. MILLS.
Governor
HON. M. A. OTERO,
Territorial treasurer,
Santa Fe, New Mexico.
Mr.. Otero's Successor.
Rufus J. Palen, the successor of Mr.
Otero, has not yet taken the office
of treasurer, bat he is likely to as.
sumo his new duties this week, imme.
diately after furnishing pond.
Surveys on National Forest.
Settlers on National Forests under
the Act of June IL, 1906, will nc
longer have to pay for a survey, as
they have had to in the past on un
surveyed lands, when the claim goes
to patent. This relieves many set
tiers under the act, commonly known
as the Forest Homestead Law, from
a burdensome expense. Relief from
this burden has been brought about by
an agreement between the Secretary
Of the Interior and the Secretary of
agriculture, whereby surveys made by
employees of the Forest Service will
be under the supervision of the Sur.
veyor General so that they can be ac-
cepted by the General Land Office as
final
Hitherto it has been necessary to
make two surveys. Under the terms
Of the Forest Homestead Law, Nation.
al Forest Land can not be opened to