Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-06-28
Chief Executive Adds An
other Chapter to A. & NJ.
College Row, Caused by
Alleged Shortage of Funds

Santa Fe, June Ex-Governor
Larrazolo, in answer to the state
ment of the board of regents of the
agricultural college recently re-
moved from office, offers the fol-
lowing:
In the matter of the removal of
some of the members of the board
of regents of the New Mexico col
lege of agriculture ana mechanic
arts.
In the joint answer of Messrs C.
l.. Hill, James S. Quesenberry, and
, e. C. Champion, regents of the col
lege, the following ground of de-
Tense was offered, among Others,
to-wit:
mo present showing of the
actual financial condition of the
college was made at the meeting
had in your office on May %, 1920.
Those of us who attended that
meeting did not understand that a
statement of present conditions
would be required and did not have
books or bookkeeping officers Of
the college at hand. The only rec
ords consulted were an auditors
report, the closing date of which
was February %, 1920. and the
quarterly reports made to state Of
ficers which were not down to-
date"
On that point the following tes-
timony was given at the hearing
had before the governor on the
23rd instant, by DR.. r. w. Clothie,:
Q. Doctor. you were present at
the hearing had in my office on
May % last, at which DR.. c. l.,
Hill, James Quesenberry, j. A.
Baca and Fred Crollott. members
Of the board of regents of the col
lege, were present, were you not?
A. Yes, sir.
@. What was the object of that
gathering in my office at that time,
Go you remember?
A. The object as explained to
me by the board was to endeavor to
secure money by borrowing or
otherwise for financing the institu-
ton until the end Of the current
year, July l.
@. Any why did they need TO
borrow money?
A. From funds available to
July first, 1920--that Is, let me
state that differently. In figuring the
required expenses of the institution
Ia July first and the estimated in.
comes available to that time from
all sources, the estimate showed
that we would lack at least forty
five thousand dollars of having
CT ough funds to meet the current
q penses of The institution.
@. Up to hat time? >
A. Yes, sir, and return certain
government funds that had to be
for other purposes.
@. State whether or not at that
hearing IT was ascertained If de-
ficit in the finances of that institu
ton would exist the first of July?
A. 1t was the general opinion
Of those present that there was
deficit in the funds, depending
somewhat, however, upon the ques-
ton of funds to become available
between July first and December
first, and as to whether or not the
regents had the right to draw upon
80 de- /
ng school year, July first to july
irss: 1t was determined from the
quarterly report that there was an
,verdraft in the state funds on No
,ember 80, 1919. of about $4,000,
( l remember correctly.
@. State whether or not the rea-
ons that caused that deficit were
RELY discussed by the members OF
he board here present?
A. They were.
@. You are acquainted with DR..
rifle, your immediate predecessor
\ office as president of the school, /.
re you not? }E
A. I met him, believe, on the
LIST of May for the first time.
Q. Was he present at that
caring here?
A. At the afternoon hearing on
Z, he was not present at the morn ,
,g meeting.
@. State whether or not he ex-
lained in his own way how this
elicit had been created?
A. He did.
Q. State whether or not he
that that deficit had
cen created in the manner stated
y him, by the members of the
oard.
A. He did. IN
@. Do you remember, Doctor.
neither or not in your presence,
I'd in the presence of the men,
srs of the board of regents at that
me, and in the presence of DIR.
rile, I dictated summary state |
ent of the proceedings had at that
me here? q
A. Yes, sir.
Q. Did give you copy of :
at?
A. You did.
Q. Did l give copy to the
embers present? p
A. Not to all, you did to some. q
@. But / did to some? u
A. Yes, you did to some.
@. Did any of the members Of Il
e board present at that time pro- l
st in any way to the dictated
of the proceedings?j II,
A. They did not. Iu'
On the question of whether Or ",
t a deficit exists in the finances T.
that institution, and as to how -
mas nroatod md hrnucht q hQllf y