The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-10-11

turn-PoNzI PROMISED T-we viii do il. Here is q
plan that makes il sure, AND ALL WE ASK Is A TEN
TIC rest Of tho letter is an outline Of Mr. Hanna 3 gavofitc nssar.
bear fhree or four times their present load Of taxes, he can reduce
, asr sln SSr ~, .se.s rTst Of r. US; There 3%s vs Is ne , rst'f re ,svo to dr. To- r bw iIsn9 ~
VIII VIII make the mines come ON SeIgss WIN millions the deduction being
Down Y'S" " savings !" rs ''''' PROVIDED ''' ann EYER comes
not possibly be expected to give us the administration TO which he is
pledged unless we elect a Legislature in sympathy with him and his
This 4 i assumed h calculated 70 ct s1eqns out win ~. ten
to conceive d 7g normal men Who would remain in sympathy with
i'na aP : Pfn promised iSnF T sHo0s0 70 pass a O% :.
You remember Ponzi, Of course. He Is the adroit little gentleman
who made a lot Of brilliant promises Of rosy riches to vast numbers Of
rsposss in durdmcs Vile leaving a trail of busted banks and thousands
Of sorrowine individuals in ne wake Of his meteoric career.
There is more consistency IN this, democratic committee appeal
for campaign funds than has been produced anywhere in Mr.. Hanna s
campaign.
We can conceive of no moro fitting parallel for the Hanna policy
Of taxation and revenue for this state thnn the get rich scheme of Mr..
chance reach the improbable stage Of performance, a busted state and
''Hy Ss t : ss Of it, sa ssasr ' when Si't Gs s's To = democrat, MI. Byron
O. BealLsogr esteemed teen . eensus. snu%eFstOrI provided for H. The hard
another half page advertisement. Il has been exceedingly careful to
heed the adnontion Of the angry Mr. Hanna, and keep the dope in
definite Nobody is slandefed with sufficient direction to pin a cor
mnde to pack the state senate with mine attorneys, etc or these
alleged mine attorneys Judge b. r. Wright already placed the
% Sslis%'s s Rsspsg' 3 con Sp = =" " = 9ssH Murray an ? : % president o oG The sSSss
City National bank, Is listed as a man who can be bossed and bought
This will help Mr.. Hanna campaign in Grant and Luna counties
and elsewhere throughout the state: Q L. Phillips is listed as a cor.
poraton attorney, and his election is assured. Sidney We'll IS charged
with the crime Of having developed a copper mine. He will be elect
ed; and his election is doubly assured since his opponent, Colonel Sell
les, a confirmed road booster, is pledged to destroy all possibility of
efficient highway building, if he should win a seat in the legislature;
Oliver Lea, one ofthe best known cattle growers in the west, is listed
as the prctege Of w A. Hawkins Mr.. Lea Is certain 70 be elected
Henry Lutz, merchant and stockerower, of Carrizozo, candidate for
the legislature on. the republican ticket; T. Z. Mitchell, of Union
county, another stock grower, and a number OF other men OF similar
capacity aud established reputation as successful business men, are
nassed in the number of those who are under control of corporations
The election Of all these men is conceded.
Yet the boys are invited TO kick in with ten bucks for Mr.
Hanna aerial FIGHTS with the Dfnmise of n N hundred ~ cent
return on the investment promised as Ponzi promised the same big
return upon a rosy dream. In this case the dream is Mr. Hanna's
and i is stated with all the glib assurance to which we recently be-
was being fobted upon an unsnspectng public.
How about III Does the layout appeal TO you as a safe course
for New Mexico to venture uponf You are told on one day that the
Chino Copper company, the shining example. because it is the only
Large copper sppe v producer Saxt IN dd ,Re 81 state s. P 'oS : fi syo y s ne1 lsa n 0S even sr
three years. Next day you are told it is taxed on a valuation Of $ls-
0000013. On another day you are told that it escapes taxation. al
together. That is Mr.. Putney's claim.
There is offered to the voters of this state a get rich scheme in
taxation which makes Ponns scheme look like that of a II karat
piker. You are told that all you have to do is to raise the taxes of
producing mines by Increasing their valuation $3I5,OOO.OOO and your
quick hnanciers under Mr.. Hannas direction, that the Chino Copper
company. had it paid taxes on It's net earnings in 1919, would not have
years-the war years, On the average Of those big years, IN the
years when it has earned nc net profit at all and TO the end that the
are careful not to tell you that this same company pays, in addition
20 lis net production tax, its property tax on $6iOO0OOO worth Of inn
The Chino is moving the wealth out of the state at the rate Of
more than $!l040oooO a year,, says the advertising agent Of the
That statement reversed, would beautifully harmonic in an oil
stock prospectus Tor It eo % every dollar y r. o. Cost o. q p pao,a o.
the bulk Of the money for which is turned loose IN New Mexico, and
Then they pull on you the shining example of Arizona. Arizona
bus seven copper mines, each one a bigger producer than the Chino.
The give you Arzonas revenue from mine taxation, and tell you
that al you have to do is TO elect Hanna and he will make the Chino
rqy into the state treasury as big a mine tax revenue as Arizona has
is a bes=s.sei argument on which to b9se an appeal for ten dol
is4p. But how does II strike the property owner Who wants his prop
emy fights respected who wants TO pay taxes m an equal basis with
everybody else who is looking for some growth apd development ia