Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-03-04
SMITH PUNCHES REED
H0LL0MAN IN THE Jaw
AFTER BANK HEARING
Continued rro@ rage onel

Continued ifutu rage Ohe.l
correets one of the rumors among
the hundreds. ridiculous and other
wise, that float up and down Las
cruces streets. ar Testers books
show that he has Just ten cents too
much cash, but this discrepancy is
expected Go be rectitied by q minute
going over the accounts.
Anti prohibitiCnists Financed.
That President smith attempted to
be Il high finpncier ON small scale
was made apparent through the tes-
timony of j. ~ McCartN, an account
.ant. who told OF three notes, each tol
5000. in the Tucumcari First state
bank which We're signed by Mr..
smith ana Hugh swift ana which
were described 10y the witness as
worthless The operation IN the Las
Cruces bank OF discOuntlng note Tor
Isl, 000. the proceeds from which went
To newspaper man named Wrikley
10 the prohibition league which
assisted i'm the wei and dry fight and
90 Vincent b May, who was later q
member Of the committee which went
over the banks assets was also tod
by this Witness.
I'm The forenoon President Ladd
was upon the stand lie said that
he had advised the members OF the
faculty that they should bank in the
First state bank lie did this, he
said, to avoid MISUNDERSTANDING ana
friction He admitted That he Thought
President smith of the bank might
use political Influence against them
if they deposited elsewhere.
f.. A. Mossman testified that with
Mr. Guilfol, former registrar of the
college he went over the accounts OF
Registrar Wetlaufer and that they
showed "A shortage of 5000, also ol
having found in the registrars desk
checks which had not been cleared
probably with the idea of keeping the
funds in the bank.
Morgan Llewellyn was asked to
clear up the matter of his deposltlhs
$50. 600 in the First state bank about
the time that he was chosen as the
legal adviser of the bank. without
making any important statement, ne
admitted that the two transactions
occurred about the same ume.
How long the investigation VIII last
here is q matter of some conjecture
Chairman Blood stated before II
commenced, he thought the commit
tee would get away Thursday night
Since the minority nave entered a
lis, of thirteen witnesses that they
desire to call, however another Jay
would appear to be needed at least
and Il the testimony is drawn OUT
much this win be exceeded.
Mr. blood confided that the ma
tority at Santa Fe was missing Sena-
Tor Crampton and himself consider
ably. and that he wanted TO hurry
hack He intimated that evidence
from Mr. Joerns and his staff might
be taken in the capital II SO, the
terms win be further extended.
The minority members of the COM
mittec are a little piQued that the
majority continues to hold sessions
with republican leaders outside the
rcpular sittings of the committee,
This has happened several times say
they both here and in Santa Fe They
cannot see the need of IT in an inn
martial investigation; if there is any
thing in the nature of private con
ferencc for committee members they
would like TO be in on H.
From the appearance on the VII
moss list of the names of three local
merchants ii appears likely that thefe
win he some attempt made to show
thot supplies were purchased at a
HIGHER price than need be, as was
charged hy senator Holt in his speech
in the senate a week or SO ago me
same witnesses, it Is believed may
he used to testify that college iuhds
were held back to allow the oank
longer use of them when they misht
have been used for the payment oil
. l,tIle