Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-05-15
Provides for Liquidation Of
Million and Half of Santa
Fe and Grant County In
debtedness.
HOUSE ONLY MEMBER
VOTING AGAINST ACT
State Loan Commission Great
ed to Garry Out Provisions
Of Bill; BOggy Of Old Militia
Warrants Laid.


Sspeeiai TelsgFnua te hvsaaDE EaraI4D
Santa Fe, n ~. Nay 5.-1he house
after a long session yesterday after
noon. passed House Bnl No. al, known
as tho bond bill. which Is an act for
the payment OF the bonded indebted
ness Of santa 10 aud Grant counties
By a bond ISSUE ff@t
The bill paased NJ vote Of all the
members WITH the exception OF Mr.
House who voted against Il.
Speaker baea piloted the measure
through the house piagiRE Mr.. Burg
In the chair and taking a seat bealie
Mr.. Catron who also supported the
bill Charles a. Spless OF Las Vegas
remained with the speaker and Mr.
Catron until the bin had passed.
The measure II an important nna
70 two counties named because they
are so heavily indebted Il being esti-
mated that their combined bonded
debt is IN the nelghhOEhogd OF a nlii-
Hon and a half dollars. Afany years
ago, santa Fe county voted bon'ls
am9unslng 10 about e8e0,eO0 10 buisd
9 railroad 50 Eapanula and another %
f4afny iunctipn. 1gahi euuhty voted
bonds 70 build q Inns 70 Demlns Pima
county AflzonA also vose,i bonaa iur
similar purpose. 4 would require end
less research among the records 10
tell the story OF those bond Issues;
but the Arizona bonds we're dcciarcd
defective hy the supreme court which
threw q cloud on the New Mexlc0
bonds. Later Congress validated tho
New Mexico bonds. For years. sOw.
ever, the interest has beau cgmp0unc-
z tsass "A N..I.
without the proper income 10 relieve
the two New Mexico counties uader
the enabling act congress gave 4 land
gram Of a million acres TO take up
these debts and the constitution pro-
lvides the methods for 80 doing whlcl
this bili y aaid TO- enlbody. The
measure was Submitted 10 an exqerG
In New York CITY on such matters.
then 90 the attorney general ~ tho
state to the governor and 10 Albu-
queraue snd other attorneys The
measure originally waA prepared by
Mr. spless Of las Vegas.
Just before Il PASSED the house, the
house amended the bill by adding one
more section, providing that under no
circumstancea, could INC rzcssuTs n
ans manner validate OF apply 20 the
now famoua militia waFEantaH uE the
territory. Thia action was taken be-
cause some OF the members feared
thar thnae warrants migAi. ln sume
manner COME iu uutef sse pFoyisIona
of this bill. No one kunaA how many
oi those warrants are oulslahd,ng.
There was q Republican caucus on
this bill before L pnReed II came be-
fore the house on q favorable report
from the committee on WAYS aud
means. Chairman Burg oi The big
committee reported the bill and Mr.
Chavea 0f Torrance county. m0feu
suspension 0f the rifles 10 az once eei
slider the bli The house then went
into committee oi the whole with ~.
hnrG Ia the chair On motion OF AF.
Cairan n was considered section 0y
section and there were numbeglees
minor amendments which. however.
did NOT change the terms ug the orig
innl measure except for the clause a.
to militia warrants.
The measure met the app oya, ui
the committee oi she whole anu Was
reported iayOFably 10 the nOuae. An
amendment by NJ. Chriamau 10
change Section 30 Of the bill to pro-
vide for an issue of bonds from iue
10 time for the reiundlng 81 liabilities
found valid BY the loan c0mmiss on,
Aas degeTted
when the bin was reported 20 he
house the speaker placed Mr. CAirrn
lln the chalr and remained on the 1g3F.
The speaker moved "a suspend ne
rules for the passage oi the amepded
bill. after The usual procedure nal
been gone through Mr. House ana
Mr Chglsman voted against the slis-
pension The rules we're auspeuaed
by majority 0f f0rty-One votes
M &. de nncR shen offered lp
amendment 10 Section "a, 70 provide
that there shalt bo 4 refund % every
cOunty tor the payment Of interest "a
lcerlaln bonds. the same 10 30 derived
lrOm the rental on aaie of the lands
This had been provided for IN another
part Of the bill and kence no objection
was made 10 ita repetition.
The bill then passed under suspeh'
siOn Of the rules. Mr. Nufg said That
ne objected 10 the maxiinum 0k inter,
est charged, a. he thO1Sht L shoaid
lhaye been. four cents instead Of iiNes