Carrizozo outlook. [volume] (Carrizozo, N.M.) 1910-1945, 1918-07-12
The REFUNDlNC, ETC.

bound 10 do. There ~ room for rea,
sonable differences Of opinions M 10
the law and even II there were not
tho securing of moro than a full legal
payment on n debt Itself regular
stands upon n different footing from
repeated double payments 10 lndivld.
uais who knew the claim had already
been nald-sometimes 10 themselves
II should also be remembered that
The %oyerpaymcnt OF claims by the
board although made for the most part
by the issue OF bonds was of vilal in
terost 10 the |taypayorH. Undcr the
terms OF the grant Of one million acres
OF land from tho federal governments
10 cover tho series "C' bond debt me
surplus left from the proceeds Of thesc
lands. n any. after the bonds are paid
IA 10 he added 10 tho common school
permanent fund. BY 80 much relieving
the necessary demands upon the tax.
PAYERS. As There ls now available
nearly 100000 from such proceeds II
Is clear that q largo surplus viii be
available for the schools. As interest
upon the bonds amounts in thirty
years 10 1875 per cent ~ their face ev.
ory dollar Of bonds unnecessarily Is.
sued takes S9.35 from tho schools and
through them from tho Taxpayers ana
postpones also the time when tho sur.
plus can be devoted 10 school pur.
poses. IN the case OF series "B" bonds
Issued 10 refund the debt Of Santa rs
county other than the railroad debt
every dollar In a direct and Immediate
burden upon the taxpayers Of Santa
re county and N upon which they
are now paying more than s25,00O in.
terest annually on a valuation Of So.
0O0,000 and moi vet providing anything
for the ultimate payment ~ the dobt.
Snrics &C." bonds hnve been issued
u the amount OF 81. 1ss, 900 and pay
ments from the proceeds Of land have
been made in a total sun OF 81 $3.50. 81.
or those three bonds have been can
celled and s2Si.3S has been repaid
Tho interest on the bonds outstanding
constitutes IN annual charge upon tho
proceeds OF lands OF $53. 100. The
hFAAhh NAN NNNhANiAhl III NNH NfAIht II
paid then, the total payments Of IN
tereai and principal VIII aggregate ST.
III 700. II not paid til maturity the
interest VIII amount to 81 1893 900 and
the total payments will be 49, 600.
Passing Immediately to the excess
payments made by tho board the fol.
lowing table ia n statement OF the per
sons to whom these payments were
made and the ground OF excess;
II should be perfectly obvious In
reading the above table from left TO
right that the excess claims In the
first four columns stand In a differ.
mt category from those In the last
two. All the items upon which pay
ments were made in the first four col
umna were proper claims, The stat
ute OF limitations could have been
pleaded in protection Of the taxpay'
ers by the public officers having these
matters in charge, II was not. The
collection OF the claim under these
conditions involves no reflection upon
the claimants. Reception OF the wrong
kind OF bonds also Involves no critl-
cism of the claimant. The t|axppyer5
Of the state lose, those OF Santa rs
county gain. The certificates given
Mr.. Color and Moore and Schloy bY
tho county represented an actual
claim. but oue believed invalid in i.w.
Tho district attorney simply failed 10
protect the rights dt the county The
excess computations Of interest rest
for the most part upon the construc
ton OF the rights OF the parties 10 col
loct interest after the state vas ready
and willing to pay the county debt.
But the last two columns represent
a different condition. Some errors are
Of course to be expected. But II II
significant that there are only three
parties concerned In Implications ant
only five IN all concerned In duplica
ton and fraudulent bonds. OF a totA
OF SOL, 9s0.3 81 In this class Of cases Mr.
Kelly secured S4~3,G3413. The follow
ing table showing total claims pait
the several parties claimant. the tota
amounts overpald 10 each on al
grounds and the total Implications anC
fraudulent bonds shows more clearl!
the extent TO which this class OF over
payments narrows to only a very few
parties.
Five parties are included in the lis
Of those securing duplicate payment @
coupons or presenting fraudulen
bonds. All OF these items represent
claim on the part OF the state for rein
bursement. II presented by the claim
=. LII leaudNdout Infant they fOrr