Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1913-07-09

1 but there were others on the foo
t awaiting recognition The chair re
cognized Judge McFie who said tha
he did not see any great difficulty il
this matter. The resolution woul,
simply name committee to probe thi
matter and he said he felt sure Mr.
Street and every fair-minded Santa Fl
citizen would sanction such an inves
tigation.
Bronson NJ. Cutting did not like the
wording of the resolution Il thinl
i the resolution prejudges the case b;
the use of the word 'slander. Mr.
lHughes did not agree with him.
But suppose this rumor is true
said Mr.. Cutting.
I'VE want to know whether it is
i true or not" said Mr. Clancy I'VE
want to know whether anyone is try
ing to blackmail this company. am
for the resolution, for on the face of
il the statement referred to is a
SANDER
F. c. Wilson, thought it probable
that no statement had been made in
the letter which could not be proven,
tut he thought that it was unfortu-
nately worded He suggested that the
resolution be SO changed in its word
| irg as not to appeal to the prejudices
Of the citizens OF Santa Fe.
James W. Norment thought that
they were going at the matter in the
right way, and he prepared substi-
tute which eliminated the statement
of Mr.. Street in the letter to Mrs. Nc
Fie, simply referring to it as para
graph of this letter, and changed
the wording so as to eliminate the
word "slander. Judge McFie second
ed the substitute and said he thought
the resolution was not happily word
&c.
After considerable discussion par
ticipated in by many, the substitute
was adopted After the vote had been
taken Mr.. Street arose and said that
Mr.. Clancy had seemingly attached
great Importance to the fact that he
had said he did not attach much inn
rortance to the rumors he had heard.
Perhaps ! did not make myself ell
t'rely clear" said Mr.. Street. What
| mean was that did not attach any
Importance to these stories | had
heard as far as they concerned us,
for we were not influenced by them,
aid they will not influence our action
L.. the least" He then reiterated that
his company was not buying any fran
chises in the manner suggested, clos. |
ing by saying: However it is not
sEch rare thing as some Of these
gentlemen seem to think, for people
lii my line of business to be approach .
ed with offers to deliver franchises
for stated sums" This was evidently !
aimed at the remarks of several who |
by their talk had given the impress
sion that the letter of Mr.. Streets |
was a SANDER, and that there was lit
tie, and practically no possibility OF
any such statement being proven on
Santa Fe citizens Mr.. Street said he
would be glad to meet with the COM
mittee.
President Dorman then named Levi
Hughes, James w. Norment and +. G..
W ison on the investigating commit.
tee, after Mr.. Cutting had refused to
serve on account of leaving the city,
and MIR. Clancy had also declined be-
cause of the press of business in the
attorney generals office.
The committee was instructed to
get busy Immediately as Mr. Street
was intending to leave Wednesday
evening. This they proceeded to do,
meeting Immediately after the ad-
of the chamber, when Mr..
Street was asked to present himself.
Before Mr.. Hughes introduced his
esolution, Mr.. Street talked Of the
past history of the company and their
rians for the future. He said in brief
that when he as chairman for the
took over the Santa Fe
plant that the company which they &C
quired at foreclosure sale represented
nine or ten defunct companies. and
that the electrict light plant was al
most useless. For the first three or
four years not one cent of dividend
Eor even cent of interest was paid
the bondholders, every cent being
turned back into the plant. Then
came period during which for sev.
eral years small percentage of in.
terest was paid on the bands, but no
dividends. This was followed by sew.
eral years in which extensions and re-
pairs again made it necessary to CUT
out the payment Of interest. For the
past five years, however, he said. the
growth and increased prosperity Of
Santa Fe had made it possible for the
bondholders to get the first real re-
turns on their investment, but that
now the time had come when addition.