The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-08-04
History of 5000 900 Bond Sale,
Which Is Now Near Completion

really tools OF political lawyers who
kept in the background.
The commissioners OF these Two
counties and tho counties of Lincoli
and Torrance rejected the PROPOSE
ton. I have paid the share Of Lin
coin county. and the other counties
have or will. raise theirs by subscrip-
ton from broad minded patriotic citi-
zens who have the necessary local aud
state pride.
When II seemed certain that the
sale would be contaminated and was
practically completed, the state high
way commission met for the purpose
Of taking the necessary action for
placing the money In banks. At that
meeting one of the members raised
an sosts Of objections 10 such action.
calling attention To numerous risks
that would be Incurred and conjuring
mp spooks that might give us pause
and cause further delay a. NOT defeat.
But finally the question came 10 a
vote. The state engineer and myself
voted yea. the land commissioners
| voted no, and wrote his objections in
to the record. Thc record of h q
meeting has been published ana ] IN
vite your attention to Il for "a better
understanding.
After we had gone 30 far success
seemed assured ag the attorney gen
oral had stated to as that II was hi
opinion that the state highway COM
mission could take the money from
the state treasury aud put IL In the
hanks without interest until needed
FOR use by the commission. again
what seemed at first sight To be II
dangerous obstacle FOR the first time
appeared ahcudu The state auditor
refused 10 issue Il warrant Tor the
state highway commission ON IT,
requisition for funds, Notwithstanding
this had been the procedure for many
iycurr both under territorial and state
government He raised very s.uilai
objections to those OF the land com
missioner (which II h. 20 be presumed
he had read in The ncwspapersl.
The sIpromc court II our last re-
sort. 4 proceeding was begun there
and the result has proven that w
were not mistaken. The opinion %
That court IS broad ANA illuminnting
Tho obstacles have disappeared. TIL
tangle has been straishtcned ont an'
the upooks have vanished.
Tho bonds are really sold at laa
and the money Is available Tor usg 90
our state roads whore a. IS so soroll
needed.
Now be patient q little longer
Rome was not built IN "a day. Ever
county IN tho state viii receive iti
fun share ~ road construction in due
time and before 1911.
In conclusion. ! wish to say ina
Mr.. Scligman ana MI. Kelly have
worked hard and faithfully Tor Thu
/, contamination 50 %dcNOutly wished 10y
all good citizens who fully understood
the situation.
This IL the beat deal that We have
been able 20 make for these bondl
and ! now wish 20 say That to Arthul
soiigman is chiefly due the credit 70
r the plan and lts success.
/ Vow. ono word more and I am done
/ From the beginning TO the end uf tn
T negotiations much has been sai'
q about interest The state ~ gcttln
the bouefu of what o. equivalent q
I interest IN this transaction
I invite your attention 20 my mes
sage to the last legislature which wi
o give YOU some valuable information
q concerning state funds and what ia
3 tcrcst the state is getting for them.